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Stock Market & Financial Investment News

News Breaks
March 4, 2014
08:05 EDTSSNLF, SUTRSutor Technology subsidiary enters into supply contract with Samsung
Sutor Technology Group (SUTR) announced that Changshu Huaye Steel Strip, a subsidiary of Sutor, has entered into a supply contract with SAMSUNG (SSNLF) Group to supply a total of 6,500 metric tons of aluminum-zinc alloy coated steel. The contract is valued at approximately $5.2M. According to the contract, the goods will be shipped to Samsung's operating base in Brazil and the delivery is expected to begin in mid April 2014.
News For SUTR;SSNLF From The Last 14 Days
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June 30, 2015
06:30 EDTSSNLFCheil to boost dividends if Samsung C&T merger is approved, WSJ says
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June 29, 2015
19:49 EDTSSNLFSamsung looking to supply NAND to Apple for iPhone, AppleInsider says
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11:03 EDTSSNLFAnalyst says sell Qualcomm ahead of predicted price cuts
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07:45 EDTSSNLFWidePoint enters into strategic alliance with Samsung SDS America
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07:38 EDTSSNLFSamsung Bioepis could go public on Nasdaq, Bloomberg reports
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06:31 EDTSSNLFSamsung leaves out ‘Vision 2020’ from 2015 sustainability report, WSJ says
Samsung’s 2015 sustainability report notably left out its “Vision 2020” goals for the first time since the lofty 10-year plan was announced in 2009, the Wall Street Journal reports. The “Vision 2020” plan’s main goals are to push annual revenue to $400B and to become one of the world’s five best brands, the report says. Reference Link
06:05 EDTSSNLFNotebook demand expected to be weaker than expected in 2H15, DigiTimes reports
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June 26, 2015
06:24 EDTSSNLFElliott lobbies Korean shareholders to block Samsung C&T, Cheil deal, WSJ says
A team from U.S. hedge fund Elliott told Samsung unit Samsung C&T’s CFO at an April 9 meeting that a merger with Cheil Industries would not be in the best interests of shareholders, including Elliott, the Wall Street Journal reports, citing a person familiar with the matter. Elliott is trying to block the deal, seeking a court injunction and telling investors to block the deal at a shareholder vote next month, the report says. South Korean shareholders in Samsung C&T have begun to voice their concerns over the deal, with “dozens” of them filing court petitions arguing the deal unfairly undervalues Samsung C&T, the report says. Reference Link
06:06 EDTSUTRSutor Technology announces one-for-five reverse stock split, change of symbol
Sutor Technology announced that it has filed a Certificate of Change pursuant to Section 78.209 of the Nevada Revised Statutes with the Nevada Secretary of State to effect a one-for-five reverse stock split of the authorized and issued and outstanding shares of common stock, par value $0.001 per share, of the company. The reverse stock split will be effective at the market opening on June 26, at which time the company's common stock will begin trading on the NASDAQ Capital Market on a split-adjusted basis. At the same time, the company's common stock will trade under the new symbol "TOR" and under a new CUSIP number 869362202.
June 25, 2015
10:29 EDTSSNLFBarnes & Noble says relationship with Samsung 'excellent'
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07:29 EDTSSNLFCheil, Samsung C&T deal could increase shareholder returns, Reuters reports
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05:53 EDTSSNLFSamsung expects SUHD TV sales to reach 15K in 1H15, DigiTimes reports
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June 24, 2015
08:06 EDTSUTRSutor Technology' intellectual property valued at over $113M
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June 23, 2015
16:02 EDTSSNLFRed Hat, Samsung form strategic alliance
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06:05 EDTSSNLFIntel pushing into SSD market and hope to surpass Samsung in 2016, DigiTimes says
Intel (INTC) is looking to push into the SSD market with its newest 750 series SSDs with technology able to enhance the transmission speed, reports DigiTimes. According to sources from the upstream supply chain, the company is also offering price cuts on its existing products in order to narrow its gap with the largest vendor Samsung (SSNLF). Sources also expect Intel to draw near to Samsung in 2H15 and may even have a chance to surpass Samsung in 2016. Reference Link
06:05 EDTSSNLFSamsung pushing to release Galaxy S7 in 2H15, DigiTimes reports
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06:05 EDTSSNLFNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
June 22, 2015
17:55 EDTSSNLFITC staff supports clearing Samsung, Qualcomm, in NVIDIA case, Bloomberg says
The U.S. International Trade Commission staff recommends that Samsung Electronics (SSNLF) and Qualcomm (QCOM) be absolved of patent-infringement accusations brought by Nvidia (NVDA), Bloomberg reports. Reference Link
14:42 EDTSSNLFOculus potential not reflected in Facebook's stock price, Piper Jaffray says
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June 21, 2015
14:44 EDTSSNLFFitbit shares likely to see 'typical IPO' subpair gains, Barron's says
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