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Stock Market & Financial Investment News

News Breaks
May 2, 2014
09:07 EDTFB, SVVC, TWTRFirsthand Technology Value Fund settles proxy contest with Bulldog Investors
Firsthand Technology Value Fund (SVVC) announced that it has entered into an agreement with Bulldog Investors, the fund's largest shareholder group. Under the terms of the settlement, Bulldog has agreed to withdraw its two nominees for the fund's board, withdraw its proposals regarding termination of the fund's Investment Management Agreement and consideration by the board of a share repurchase program, not present any proposals at the Annual Meeting, and vote its shares in accordance with the Board's recommendations. The settlement also provides that the fund's board approve a plan for the fund to repurchase up to $10M of common stock in open market purchases during 2014, and to conduct a self-tender offer for at least $20M worth of common stock at 95% of net asset value to be completed no later than January 31, 2015. Further, the fund has agreed to liquidate its Facebook (FB) and Twitter (TWTR) holdings no later than September 30 and October 31, respectively, and to distribute any net realized gains from those holdings to shareholders within 60 days of completing those liquidations.
News For SVVC;FB;TWTR From The Last 14 Days
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May 15, 2015
08:46 EDTFBMobile operators ad blocking plan sets up fight with Google, FT reports
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May 14, 2015
16:00 EDTTWTR, FBOptions Update; May 14, 2015
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11:33 EDTTWTRStocks with call strike movement; TWTR SUNE
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09:34 EDTFBActive equity options trading on open
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May 13, 2015
16:06 EDTFBOptions Update; May 13, 2015
iPath S&P 500 VIX Short-Term Futures down 38c to 20.67. Option volume leaders: AAPL CSCO NTI FB CSX BABA EIX BAC DD WMB TSLA JCP QCOM DAL
12:01 EDTTWTRStocks with call strike movement; TWTR RIG
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09:39 EDTTWTRActive equity options trading on open
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08:21 EDTFBFormer FCC chairman hired by Facebook to manage access efforts, Bloomberg says
Kevin Martin, the former chairman of the FCC who has been consulting for Facebook the past two years, is joining on a permanent basis as the company's VP for mobile and global access policy, reported Bloomberg. Facebook also announced that Chief Privacy Officer Erin Egan will start serving a dual role as VP of U.S. Public Policy, the report added. Reference Link
06:22 EDTFBFacebook introduces Instant Articles, says working with nine launch partners
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May 12, 2015
16:01 EDTTWTR, FBOptions Update; May 12, 2015
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11:37 EDTTWTRStocks with call strike movement; TWTR JCP
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09:38 EDTTWTRActive equity options trading on open
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07:00 EDTFBPublishers contend with Facebook clout as traffic-driving power grows, WSJ says
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06:09 EDTTWTRTwitter spent over $85M to buy Periscope, Niche, Re/code reports
Twitter paid over $86M to buy Periscope, a live streaming app, and Niche, a social media talent agency, earlier this year, Re/code reports. Re/code previously said Twitter acquired Niche for approximately $30M, including earn-out payments. Reference Link
May 11, 2015
19:05 EDTFBFacebook tests in-house search engine, WSJ says
Facebook (FB) is testing a feature within its app that allows users to search for previously-shared links, reports the Wall Street Journal's Digits blog, citing spokesperson statements. "We’re piloting a new way to add a link that’s been shared on Facebook," said a company spokesperson. The Journal notes that the feature could give Facebook an information edge over search engine leader Google (GOOG). Reference Link
16:00 EDTTWTR, FBOptions Update; May 11, 2015
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15:15 EDTSVVCFirsthand to transfer assets to new subsidiary, sees improved tax efficiency
In a regulatory filing earlier, Firsthand Technology Value Fund reported that on May 8, its board of directors approved the formation of a fully owned subsidiary of Firsthand named Firsthand Venture Investors. Firsthand will contribute substantially all of its assets to the subsidiary in return for ownership interest. The transaction is expected to finish after the close of business on June 30. Firsthand will have all or substantially all of its investment activities conducted through the subsidiary. The board believes this new structure has the potential to improve the operational and tax efficiency of Firsthand.
11:23 EDTTWTRStocks with call strike movement; TWTR TSLS
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10:30 EDTFBFacebook management to meet with Pacific Crest
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09:37 EDTFBActive equity options trading on open
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