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Stock Market & Financial Investment News

News Breaks
July 11, 2014
16:22 EDTLO, DTEGY, RCII, WFC, TMUS, SFTBF, RKUS, RAI, S, FAST, AMZNOn The Fly: Closing Wrap
Stocks on Wall Street were higher today, but were still lower for the week, as concerns in Europe have come back to the forefront of investors' minds. Today's modest bounce was not enough to make up for the declines seen in three of the other four sessions earlier in the week. ECONOMIC EVENTS: In the U.S., the June federal budget statement showed a surplus of $70.5B for the month, compared to analysts' forecast for a $79B surplus. COMPANY NEWS: Shares of Wells Fargo (WFC) slipped 32c, or 0.62%, to $51.49 after the largest mortgage lender in the U.S. posted earnings of $1.01 a share that matched analysts' consensus forecast. Wells did note that its credit performance continued to improve in Q2 and CEO John Stumpf said he is "optimistic about the future" for the bank... Lorillard (LO) advanced $2.92, or 4.63%, to $66.01, while Reynolds American fell 51c, or 0.82%, to $61.75, after the two cigarette makers confirmed that they are holding talks about a possible merger, as has been speculated by various media reports in recent weeks... In another update to an ongoing M&A story, Japan's Nikkei reported that Sprint's (S) corporate parent, Softbank (SFTBF), has reached an agreement to acquire T-Mobile (TMUS) from Deutsche Telecom (DTEGY), clearing the way for the long-speculated merger between the third and fourth largest wireless carriers in the U.S. Following the new story, Sprint shares finished the day up 30c, or 3.64%, to $8.55, while T-Mobile rose 62c, or 1.89%, to $33.50. MAJOR MOVERS: Among the notable gainers was Ruckus Wireless (RKUS), which advanced 87c, or 7.9%, to $11.88 after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Also higher was Amazon.com (AMZN), which climbed $18.28, or 5.57%, to $346.20 after consulting firm ChannelAdvisor (ECOM) reported that the company's same-store sales growth had accelerated significantly in June compared with May. Among the noteworthy losers was Rent-A-Center (RCII), which dropped $3.18, or 10.94%, to $25.88 after the company warned that its revenue and earnings for Q2 will not meet expectations. Also lower were shares of industrial and construction supply retailer Fastenal (FAST), which fell $2.00, or 4.16%, to $46.15 after its Q2 revenue missed analysts' consensus view and the company reported plans to close 45 stores. INDEXES: The Dow was up 28.74, or 0.17%, to 16,943.81, the Nasdaq was up 19.29, or 0.44%, to 4,415.49, and the S&P 500 was up 2.83, or 0.14%, to 1,967.51.
News For S;TMUS;LO;RAI;WFC;AMZN;RKUS;RCII;FAST;SFTBF;DTEGY From The Last 14 Days
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February 25, 2015
06:01 EDTAMZNGlobal tablet shipments forecast at 221.4M units in 2015, DigiTimes says
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06:01 EDTAMZNReport: Amazon reduces tablet orders to Compal, Quanta by 30%, DigiTimes says
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February 24, 2015
18:22 EDTTMUSSFX Entertainment announces T-Mobile as Beatport charter partner
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10:12 EDTLOOptions with increasing implied volatility: LO ARIA OWW
07:27 EDTTMUS, DTEGYDeutsche Telekom partnering with Mozilla on 'privacy phone,' WSJ says
Deutsche Telekom (DTEGY), owner of T-Mobile (TMUS), is partnering with Mozilla to develop a "privacy phone" set for an official unveil at the Mobile World Congress in Barcelona March 2-5, reports the Wall Street Journal. The phone will use a version of Mozilla's Firefox operating system and will include features such as location hiding. Reference Link
07:12 EDTWFCWells Fargo to hold a conference
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06:35 EDTSSprint downgraded to Sell from Neutral at BTIG
February 23, 2015
16:00 EDTAMZNOptions Update; February 23, 2015
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12:28 EDTTMUSGoogle reaches deal with wireless carriers, acquires Softcard tech, Re/code says
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11:35 EDTAMZNAmazon picks Benson to head advertising for original TV series, Variety says
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10:45 EDTLOOptions with increasing implied volatility
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10:31 EDTAMZNEPIX announces extension to Prime Instant Video agreement
EPIX announced that it has extended its agreement with Amazon to license thousands of new releases, classic library titles and original programs for Prime Instant Video. Programming from the agreement includes movies from EPIX studio partners, Paramount Pictures, Lionsgate and Metro-Goldwyn-Mayer Pictures, and delivers new releases such as Transformers: Age of Extinction, Teenage Mutant Ninja Turtles, Interstellar, Selma and The Hunger Games: Mockingjay Part 1, along with classic big film franchises including James Bond, Star Trek, Rocky and more.
08:57 EDTTMUST-Mobile releases teaser image of Samsung Galaxy S6, The Verge says
T-Mobile (TMUS) CEO John Legere released a teaser image of Samsung's (SSNLF) upcoming Galaxy S6 smartphone and also confirmed the carrier will offer the S6, reports The Verge, citing tweets and a T-Mobile website. The teaser image suggest a metal backing and curved screen edges on both sides of the phone. An official reveal is expected March 1. Reference Link
February 20, 2015
16:03 EDTAMZNOptions Update; February 20, 2015
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13:56 EDTTMUSAT&T VP critical of Dish auction tactics
AT&T (T) VP of Federal Regulatory Joan Marsh stated in a post to a corporate blog that FCC Auction 97 represents "hard evidence that there is significant continuing interest in licensed spectrum... It didn't matter that it was mid-band spectrum. It mattered only that it was broadband spectrum." Marsh notes that Dish (DISH) won more licenses than any other bidder though "none of that spectrum is currently supporting commercial wireless services," with her suggestion being that "auctions should be designed to ensure that licenses go to those willing to deploy networks not speculators or stockpilers...The government should continue to place a high priority on allocating new licensed bands to the wireless industry." Marsh continues her analysis of Dish, claiming the double and triple-bidding activity carried out by its two designated entities "circumvented auction activity rules, masked actual demand and distorted the auction," as they were able to win significant allocations while enjoying a 25% small business discount. In response to Dish claims that all companies use DEs, Marsh replies that "in more recent auctions... bidders like AT&T, Verizon (VZ) and T-Mobile (TMUS) had no DE relationships, participated directly and paid full price for their licenses." Reference Link
10:49 EDTLOOptions with increasing implied volatility: LO TLM
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09:38 EDTAMZNActive equity options trading on open
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07:10 EDTAMZNBrean Capital to hold a bus tour
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06:47 EDTDTEGYDeutsche Telekom lifts fast Internet target, Reuters reports
Deutsche Telekom intends to provide fast Internet service to 5.9M more homes in Germany than it previously planned, Reuters quoted the company as saying. The company eventually wants to connect 80% of German houses to fast Internet services, the news service stated. Reference Link
06:04 EDTAMZNAmazon expands two-hour delivery program to Brooklyn, Re/code says
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