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Stock Market & Financial Investment News

News Breaks
December 16, 2012
21:02 EDTEBAY, SCOR, AMZNcomScore reported holiday season retail e-commerce spending for 1st 44 days
comScore reported holiday season retail e-commerce spending for the first 44 days of the November–December 2012 holiday season. For the holiday season-to-date $33.8B has been spent online, marking a 13% increase versus the corresponding days last year. The most recent workweek saw four individual days eclipse $1B in spending, led by Green Monday with $1.275B.
News For SCOR;EBAY;AMZN From The Last 14 Days
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February 9, 2016
11:50 EDTAMZNGannett examining parcel-delivery business, WSJ reports
Gannett (GCI) is examining the parcel-delivery business and has reached out to consultants in the parcel industry as early as December, The Wall Street Journal reports, citing sources. According to one source, Gannett also held preliminary talks with Amazon (AMZN) as it considers delivery possibilities. The report notes that Tribute Publishing (TPUB) abandoned a similar idea after briefly testing package delivery with Amazon in the fall. Reference Link
10:21 EDTEBAYRising competition may weigh on PayPal margins, analyst says
Research firm Piper Jaffray warned that PayPal continues to face increased competition, which may weigh on its results. Meanwhile, the company announced a change in its Chief Technology Officer. PIPER STICKS WITH SELL RATING: Other leading digital payment systems are becoming more competitive with PayPal's offering, according to well-known Piper Jaffray analyst Gene Munster. More financial and technology competitors - including Visa (V), MasrterCard (MA), Google (GOOG,GOOGL), Samsung and Apple (AAPL) - are offering "similar functionality" to PayPal, Munster believes. Moreover, Apple and and Samsung will begin accepting mobile Web payments in 2016, intruding on PayPal's core competency, and Facebook (FB) is looking to partner with multiple players in the space, Munster noted. The credit card networks are poised to launch online checkout systems, further increasing PayPal's competition, Munster warned. In the face of all this competition, PayPal's appeal to its customers is questionable, according to the analyst, who kept a $33 price target and Underweight rating on the shares. WHAT'S NOTABLE: PayPal announced that its CTO, James Barrese, would resign "to take time off." Barrese will be replaced, effective April 1, by Sri Shivananda, who led eBay's (EBAY) Global Platform and Infrastructure team, PayPal reported. Shivananda's team has worked closely with PayPal, the company noted. PRICE ACTION: In early trading, PayPal slipped about 1% to $33.30.
09:34 EDTEBAY, AMZNChannelAdvisor says Amazon SSS grew 17.8% in January, eBay SSS up 4%
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08:31 EDTEBAYPayPal names Sri Shivananda as Chief Technology Officer
PayPal Holdings (PYPL) announced the appointment of Sri Shivananda as the company's new Senior Vice President and Chief Technology Officer, effective April 1, 2016. Shivananda's appointment follows the decision by current CTO, James Barrese, to step down to take time off. James will remain with PayPal for a period of time to support a smooth transition period. During his nearly 15-year tenure at the company, Shivananda led eBay's (EBAY) Global Platform and Infrastructure team that powered both the eBay Inc. and PayPal businesses.
06:17 EDTEBAYStubHub announces launch of new ticketing platform
eBay's StubHub yesterday announced the upcoming launch of its new ticketing platform, which offers partners a "reimagined rightsholder branded experience, full market visibility, data ownership and the listing of primary and secondary ticket inventory in a single marketplace." The Philadelphia 76ers will serve as the launch partner, making StubHub the Official Ticketing Partner of the team, with tickets available on the new platform in advance of the 2016-2017 NBA season.
February 8, 2016
17:02 EDTEBAYPayPal announces Chief Technology Officer James Barrese resigns
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17:00 EDTAMZNNFL shopping streaming rights for Thursday Night Football, Bloomberg says
The NFL is shopping the web streaming rights for Thursday Night Football and has held talks with Apple (AAPL), Amazon (AMZN), Yahoo (YHOO), Facebook (FB), Verizon (VZ) and AT&T (T), reports Bloomberg, citing sources. Though some of the companies rejected the high price asked by the league, Yahoo, Verizon, and AT&T are expected to bid, the sources told Bloomberg. The NFL is not pursuing a longterm relationship, and will instead use the next several years to explore various distribution models in preparation for selling a broader array of digital rights near 2021, the report said. Reference Link
16:00 EDTAMZNOptions Update; February 8, 2016
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10:41 EDTAMZNStocks with call strike movement; AA AMZN
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09:45 EDTAMZNAmazon.com tumbles, levels to watch
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09:36 EDTAMZNActive equity options trading on open
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February 7, 2016
19:51 EDTAMZNAmazon food delivery app to take steep cut from restaurants, NY Post says
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16:25 EDTAMZNAmazon rolls out 'treasure truck' in Seattle area
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13:12 EDTAMZNAmazon valuation beginning to look reasonable, Barron's says
Shares of Amazon look "more tempting" after their recent declines, and their new price looks "almost reasonable," Barron's contends in its 'Follow Up' column. Though still richly valued, what matters is how much the company "could earn" once CEO Jeff Bezos "turns up the profit dial," the publication notes. Reference Link
February 5, 2016
15:59 EDTAMZNOptions Update; February 5, 2016
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10:33 EDTAMZNAmazon.com hits post-earnings low
The shares were last at $509.57, at a post-earnings low. Next support is at $499. Resistance is at $512.47.
07:31 EDTAMZNGrubHub downgraded on competition concerns at Oppenheimer
Oppenheimer analyst Jason Helfstein downgraded GrubHub (GRUB) to Perform from Outperform saying he's increasingly concerned that competition from Amazon.com (AMZN) and Uber in New York will cut into the company's sales and profitability. The analyst sees downside risk to the stock despite the recent selloff and thinks a takeover is unlikely in the near term. Helfstein suspended his $30 price target for the shares. The online platform for restaurant pick-up and delivery orders closed yesterday up 13% to $21.53 following its Q4 results.
06:58 EDTAMZNAmazon offers free Square credit card readers to business owners, Re/code says
Amazon (AMZN) is offering to give free Square (SQ) credit card readers to business owners who previously purchased an Amazon Local Register, Re/code reports. The move comes a few months after Amazon said it was discontinuing this payment processing service on February 1, the report says. Reference Link
06:49 EDTAMZNApple, Amazon, Google, Verizon in mix to bid for NFL stream rights, Variety says
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February 4, 2016
15:21 EDTAMZNAmazon renews card agreement with JPMorgan, WSJ says
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