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Stock Market & Financial Investment News

News Breaks
March 20, 2014
07:09 EDTSUNE, SSNLFSunEdison announces private placement of shares to Samsung
SunEdison (SUNE) announced a series of transactions that are expected to occur concurrent with the IPO of its semiconductor division, SunEdison Semiconductor Limited, including: Samsung Fine Chemicals will purchase $100M of SSL's ordinary shares at the IPO price through a private placement concurrent with SSL's IPO. Samsung Fine Chemicals has entered into an agreement with SunEdison pursuant to which SunEdison will purchase from Samsung Fine Chemicals shares representing a 35% interest in SMP, a joint venture between Samsung Fine Chemicals and SunEdison, and SunEdison will contribute those shares to SSL. Samsung Fine Chemicals will continue to be invested in SMP, owning 15% of SMP following the completion of the transaction. The facility is expected to be completed in 2H14 and will provide solar grade polysilicon to SunEdison with the potential to provide electronic grade polysilicon to SSL in the future. Samsung Electronics (SSNLF) has entered into an agreement with SSL pursuant to which SSL will purchase Samsung Electronics' remaining 20% interest in MEMC Korea Company, in exchange for the issuance by SSL to Samsung Electronics of ordinary shares through a private placement concurrent with SSL's IPO. Upon completion of these transactions, SSL will own 100% of MEMC Korea Company. Samsung Electronics and SSL have entered into a long-term agreement for Samsung Electronics to purchase semiconductor wafers from SSL. As a result, SSL's market share with Samsung Electronics is expected to increase in each of the next three years.
News For SUNE;SSNLF From The Last 14 Days
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May 19, 2015
19:44 EDTSSNLFSamsung's next chairman may pursue smartphone, wearables synergies, Reuters says
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16:42 EDTSUNESunEdison initiated with an Outperform at Baird
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05:59 EDTSSNLFSources: Apple able to launch iPhone 6s as early as August, BGR says
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May 18, 2015
09:36 EDTSSNLFAppeal says Samsung $930M damages to Apple must be adjusted, Bloomberg reports
The U.S. Court of Appeals for the Federal Circuit ruled that Samsung (SSNLF) did infringe Apple’s (AAPL) design patents, but did not violate Apple’s trade dress, meaning the $930M damages award to Apple must be adjusted, reported Bloomberg. Reference Link
09:26 EDTSSNLFApple gets mixed ruling from appeals court in Samsung case, Bloomberg reports
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May 15, 2015
08:16 EDTSSNLFSamsung not engaged in DRAM price war with Micron, says Jefferies
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06:21 EDTSSNLFTwo Samsung foundations name Jay Y. Lee as chairman, WSJ reports
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May 14, 2015
14:58 EDTSSNLFSamsung to discontinue wallet service ahead of Pay launch, SamMobile says
Samsung will discontinue its Samsung Wallet service on June 30, reports SamMobile, citing company emails distributed to users of the service. The report notes that Samsung is planning to launch its Samsung Pay mobile payment technology later this year. Reference Link
11:33 EDTSUNEStocks with call strike movement; TWTR SUNE
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May 13, 2015
18:24 EDTSSNLFSamsung paid $250M for LoopPay acquisition, Re/code says
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05:57 EDTSSNLFSamsung favors Ultra HD TVs over OLED in 2015, DigiTimes reports
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May 12, 2015
17:33 EDTSSNLFIndian PM to urge Samsung to build Indian factories, Economic Times says
Indian Prime Minister Narendra Modi will meet with LG and Samsung next week and plans to urge the companies to establish factories in India, reports The Economic Times, citing statements by minister for communication and IT Ravi Prasad, who added that "we expect something concrete now." Reference Link
16:55 EDTSSNLFSamsung announces Internet of Things platform
Samsung Electronics announced the Samsung ARTIK platform to allow "faster, simpler" development of applications for the Internet of Things. ARTIK is an open platform that includes a family of integrated production-ready modules, software, development boards, drivers, tools, security features and cloud connectivity designed to help accelerate development of a new generation of IoT devices, solutions and services.
15:50 EDTSSNLFSamsung releases next-gen smart watch details to developers, SamMobile says
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09:18 EDTSSNLFSamsung begins assembly smartphones at Indonesia factory, WSJ reports
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07:06 EDTSUNESunEdison signs agreement with County of Alameda for 3MW solar system
SunEdison (SUNE) announced that is has signed an agreement with the County of Alameda, Calif. to install 3 megawatts, or MW, DC of solar systems as part of the second phase of the Regional Renewable Energy Procurement Program, or R-REP. In the first phase of R-REP, SunEdison was awarded more than 18 MW DC of solar projects with 9 different Bay Area public agencies, including 11 MW with Alameda County. In this second phase of the R-REP, SunEdison was awarded all of the projects on which it bid. SunEdison expects to add these projects to the Call Right Projects List for TerraForm Power (TERP),
06:58 EDTSSNLFApple examines new nano material touch panels, ETNews reports
Apple (AAPL) is planning to example nano new material on touch panels, reports ETNews. The company expects the new technology to raise sense of touch and decrease cost. According to unnamed sources, Apple requested AgnW touch-panel samples that is verified for mass-production from LG Display (LPL), Samsung Display (SSNLF), Japan Display and other suppliers. Reference Link
May 11, 2015
16:20 EDTSUNESunEdison to review strategic alternatives
SunEdison announced that it is reviewing strategic alternatives to more effectively align the Company structure as a sponsor in a long term asset ownership platform, through its TerraForm platform. The most efficient and commonly utilized structure by sponsors of yield vehicles is the general partnership structure in a master limited partnership. The company is considering a range of alternatives that will drive greater value and enable the efficient return of capital to shareholders, while maximizing its growth opportunities. The company's board authorized this strategic review. SunEdison expects to conclude its strategic review before the end of the year. However, no specific timetable has been set, and there can be no assurance that any transaction will take place. Likewise, no decision has been made on the timing or terms of any such transaction if one were to occur.
16:07 EDTSUNESunEdison files to sell $750M of convertible senior notes
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09:56 EDTSSNLFIDC: Apple leads smartphone vendors in China during Q1
IDC’s latest Mobile Phone Tracker shows the China smartphone market contracted by 4% year-on-year with 98.8M units shipped in the first quarter of 2015. This is the first time in six years that the China smartphone market declined YoY as the market continues to mature. On a QoQ basis, the market contracted 8% on the back of a large inventory buildup at the end of last year. The study said Apple (AAPL) was the top smartphone vendor in China in the first quarter, with consumers still having a strong appetite for the larger screens on the iPhone 6 and iPhone 6 Plus. Xiaomi slipped to the second position as it faced strong competition from other vendors in the low to mid-range segment of the market, while Huawei maintained third position as it saw a good uptake in the mid-range segment. Samsung (SSNLF) and Lenovo (LNVGY) both led the market at least once last year, but rankings have since changed quickly, highlighting the volatility of consumers' brand preference in China. Reference Link
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