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Stock Market & Financial Investment News

News For AMZN;GRPN;SHLD;AAPL From The Last 14 Days
Check below for free stories on AMZN;GRPN;SHLD;AAPL the last two weeks.
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July 9, 2014
06:46 EDTAAPLApple loses patent suit in China, Reuters says
Apple (AAPL) had taken Shanghai-based Zhizhen Internet Technology and China's State Intellectual Property Office to court in hopes that the court would rule that Zhizhen's patent rights to a speech recognition technology were invalid, but the Beijing First Intermediate Court decided in favor of Zhizhen, according to Reuters, citing a report from the People's Daily state newspaper in China. After the ruling, the report noted that Apple is aiming to take the case to the Beijing Higher People's Court. Reference Link
06:34 EDTAAPLFake document hits federal court in hiring case against tech giants, WSJ says
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06:31 EDTAAPLFTC may probe Google over child app purchases, Politico says
After the Federal Trade Commission cracked down on apps previously available on Apple (AAPL) devices that let children spend money without their parents' permission, Apple told the FTC that similar apps are available on Google's (GOOG) app store, according to Politico. As a result, the FTC may investigate Google over this issue, Politico stated. Reference Link
06:24 EDTAMZNGoogle Cloud Storage offering 2 TB of free storage through partner, WSJ reports
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05:54 EDTAAPLGarmin downgraded to Underperform from Sector Perform at Pacific Crest
Pacific Crest downgraded its rating on Garmin (GRMN) to Underperform saying any action camera optimism is likely to end in disappoint while Apple's (AAPL) potential watch announcement could create "substantial" headline and competitive risk. Pacific Crest believes Garmin shares may be overvalued and sees fair value for the stock in the mid-$40 range. The stock closed yesterday at $60.63.
July 8, 2014
18:24 EDTAMZNAmazon.com proposes e-book authors keep 100% of revenue, WSJ says
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16:00 EDTAMZN, AAPLOptions Update; July 8, 2014
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13:12 EDTAAPLGT Advanced's sapphire screens likely in both new iPhones, says Stifel
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11:42 EDTAAPLUber poaches Apple's Chris Blumenberg, The Information reports
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10:40 EDTGRPNGroupon bucks downtrend in tech after firm upgrades shares
Shares of Internet coupon provider Groupon (GRPN) are rising slightly in a down market after research firm B. Riley upgraded the stock to Buy from Neutral in a note to investors earlier today. WHAT'S NEW: About 25% of Groupon's gross billings in Q2 have easy year-over-year comparison and about 25% of its gross billings in Q3 will be in a similar situation, B. Riley stated. Meanwhile, technology upgrades on Groupon's overseas products should increase the company's productivity and its efforts to increase its margins on products it sells are becoming more effective, the firm stated. Groupon's gross billings growth, excluding acquisitions, should accelerate during the rest of the year, B. Riley forecast. Moreover, the margins on its earnings before interest, taxes, depreciation and amortization, excluding certain items, should rise to 15% by Q4 from 5% in Q1, according to B. Riley Along with upgrade of its rating, the firm raised its price target on the stock to $9.50 from $6. PRICE ACTION: In mid-morning trading, Groupon rose 0.5% to $6.50, while the S&P 500 was down 0.7% and the Nasdaq was down 1.4%.
10:28 EDTGRPNOn The Fly: Analyst Upgrade Summary
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10:24 EDTAAPLApple could be impacted by Chinese subsidy cuts, says UBS
09:52 EDTGRPNGroupon trades higher following upgrade, levels to watch
B. Riley upgraded the shares to Buy and raised its price target to $9.50 earlier today, noting the company is entering a period of easier comps, and is making operational improvements which should drive growth and margin expansion. At the current price of $6.60, the next resistance level is at $6.82 which is the session high. Resistance above the high is at $7.09. Support is at $6.35.
09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR GILD EXXI FB MGM
09:36 EDTAAPLApple to invest $55M in North Carolina solar farm, Hicorky Record reports
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09:15 EDTGRPNOn The Fly: Pre-market Movers
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08:06 EDTSHLDSears and Kmart introduce online/in-store collaboration
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07:34 EDTAAPLLeak points to sapphire screen for 4.7" iPhone 6
A newly posted YouTube video supposedly shows the screen that will be used in Apple's (AAPL) upcoming 4.7" iPhone 6 and claims that the part confirms that the smaller new model will have a sapphire display, not Gorilla Glass from Corning (GLW). The video adds that the existence of the part dispels rumors that only the larger, 5.5" iPhone 6 would feature a sapphire display. Note that Apple has a sapphire contract with GT Advanced Technologies (GTAT). Reference Link
06:28 EDTAMZNWal-Mart embracing small store models, online strategies, WSJ reports
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06:05 EDTGRPNGroupon upgraded to Buy from Neutral at B. Riley
B. Riley upgraded its rating on shares of Groupon (GRPN) to Buy saying the company is entering a period of easier year-over-year comparisons while operational improvements should drive organic growth and margin expansion. The firm raised its price target for shares to $9.50 from $6.
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