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Stock Market & Financial Investment News

News Breaks
January 31, 2013
16:43 EDTSTZ, CLSN, SWKS, FTNT, SGMS, WMS, QCOM, FB, BUD, FIOOn The Fly: Closing Wrap
Stocks on Wall Street were lower after the averages moved in a narrow range for much of the session on fairly light volume ahead of tomorrow's non-farm payroll report... ECONOMIC EVENTS: In the U.S., weekly unemployment applications jumped 38K to a seasonally adjusted 368K, versus expectations for a more modest rise to 350K. The Challenger job cuts report showed planned layoffs were down 24.4% from the same period a year ago. The Commerce Department said consumer spending rose 0.2% in December, which was slightly slower than the 0.4% increase in November, though income jumped 2.6% in December for the biggest monthly gain since the end of 2004. The Chicago Purchasing Managerís Index came in at 55.6, beating an expected reading of 50.5... COMPANY NEWS: The Department of Justice announced it was suing to prevent Anheuser-Busch InBev's (BUD) planned $20.1B deal to buy control of Grupo Modelo (GPMCF). Shares of AB InBev fell sharply after the news broke, settling down $5.54, or 5.88%, at $88.60. Constellation Brands (STZ), whose deal to acquire the remaining 50% in the Crown Import joint venture it runs with Grupo Modelo is in jeopardy from the DoJ action, lost $6.81, or 17.39%, to $32.36 following the news. However, late in the day, Bloomberg cited sources in reporting that AB InBev's talks about the merger are continuing with U.S. regulators... Facebook (FB) opened sharply lower following its quarterly report, but recovered through the day, eventually closing down only 26c, or 0.83%, at $30.98. Despite earnings and revenue that beat consensus, shares were downgraded by at least five firms as the company said it plans to invest heavily in its business in 2013... Qualcomm (QCOM) saw price targets on its shares raised around the Street following the company's Q1 results and increased guidance and closed up $2.49, or 3.92%, at $66.02... MAJOR MOVERS: Among the notable gainers was WMS Industries (WMS), up $8.38, or 51.19%, to $24.75 after agreeing to be acquired by Scientific Games (SGMS) for $26.00 per share in cash. Shares of Scientific Games opened sharply higher, but fell through the session to close down 4c, or 0.45%, at $8.89. Also higher following earnings reports that beat Street estimates were Fortinet (FTNT), up $4.24, or 21.91%, to $23.59 and Skyworks (SWKS), up $2.38, or 11.04%, to $23.94. Among the noteworthy losers was Celsion (CLSN), down $6.51, or 81.17%, to $1.51 after its Phase III HEAT study of ThermoDox did not meet its primary endpoint. Also lower was Fusion-io (FIO), down $2.61, or 12.99%, to $17.48, after its Q3 revenue view came in well below Street estimates and the stock was downgraded and price targets were cut by at least three firms... INDICES: The Dow was down 49.84, or 0.36%, to 13,860.58; the Nasdaq was down 0.18, or 0.01%, to 3,142.13; and the S&P 500 was down 3.85, or 0.26%, to 1,498.11.
News For STZ;BUD;FB;QCOM;WMS;SGMS;FTNT;SWKS;CLSN;FIO From The Last 14 Days
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September 9, 2014
09:36 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL KNDI NFLX YHOO TWTR TSLA C BAC FB MCD
08:35 EDTBUDAB InBev downgraded to Neutral from Buy at BTIG
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07:19 EDTWMSRBC Capital to hold a conference
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07:17 EDTFB, QCOMThe Wireless Association to hold a conference
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07:11 EDTQCOMUBM Tech to hold a conference
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06:54 EDTQCOMChamber of Commerce says China antitrust efforts may be illegal, NY Times says
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September 8, 2014
17:16 EDTSGMSScientific Games wins three-year instant games contract extension with Colorado
Scientific Games announced that it has signed an extension of its contract with the Colorado Lottery to continue as a provider of instant lottery games and related services. Under the agreement with the Colorado Lottery, Scientific Games will continue as the Lottery's primary instant game provider for three additional years beginning July 1.
14:00 EDTFBFacebook averages more than 1B video views per day, introducing video views
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12:18 EDTSGMSOn The Fly: Midday Wrap
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10:04 EDTQCOMAlcatel-Lucent sees commercial release of Enterprise Small Cells in early 2015
Alcatel-Lucent (ALU) has announced that it will introduce its new Enterprise Small Cell device at the beginning of 2015. In collaboration with Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), Alcatel-Lucent is developing a small cell solution that will allow operators to extend superior 3G, 4G LTE and Wi-Fi connectivity and coverage into the office for in-building customers. The rapid development of the solution has led the company to extend its plans to include LTE and multi-standard residential cells, Alcatel said.
10:00 EDTFBFacebook may soon enter China, DoNews reports
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09:40 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
07:34 EDTQCOMU.S. claims China breaks commitments amid Qualcomm, Microsoft probes, WSJ says
As Microsoft (MSFT) and Qualcomm (QCOM) are being investigated for potential monopolistic activity by Chinese regulators and lawmakers there recently alleged price manipulation by foreign automakers including Toyota (TM), Honda (HMC) and Daimler (DDAIF), the U.S. Chamber of Commerce alleged that China's use of its antimonopoly law has been subjective and its implementation skewed to favor China's local companies, reported The Wall Street Journal. Reference Link
06:34 EDTFBFacebook's Zuckerberg sees WhatsApp reaching up to 3B users, WSJ reports
Speaking at an event in Mexico City, Facebook CEO Mark Zuckerberg says messaging service WhatsApp could reach two to three billion users through a tie-up with Facebook, though WhatsApp will stay an independent service, the Wall Street Journal reports. Facebook agreed to pay $19B for WhatsApp earlier this year. Reference Link
September 7, 2014
14:24 EDTFBFacebook CEO ready to spend billions to spread internet access, Bloomberg says
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September 5, 2014
11:51 EDTFBStocks with call strike movement; VALE FB
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09:35 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA YHOO WFM SLW ABX GOOG FB BIDU
08:22 EDTQCOMNVIDIA lawsuits likely to have positive outcome, says JMP Securities
After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities thinks there is a good chance that NVIDIA will obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC),. The firm thinks that other companies, most notably Apple (AAPL), will launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommends buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm is upbeat about NVIDIA's new products and reiterates an Outperform rating.
07:31 EDTQCOMNVIDIA lawsuit positive, says Stifel
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07:06 EDTFBFacebook rolls out three-step privacy check up to all users, WSJ reports
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