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Stock Market & Financial Investment News

News Breaks
March 27, 2014
13:23 EDTSWKS, CHL, SSNLFSkyworks rises after analyst bullish on RF IC demand
Shares of Skyworks (SWKS) are rising slightly in a down market after research firm JMP Securities reported that demand for a product sold by the company is increasing. Skyworks develops semiconductors used in electronic devices. WHAT'S NEW: After conducting research in Asia, JMP Securities analyst Alex Gauna believes there is increasing demand for radio frequency integrated circuits, or RF ICs. RF ICs, which are sold by Skyworks, are compact electronic circuits that emit signal frequencies and include semiconductors and perform functions in popular devices such as cell phones. After visiting semiconductor company MediaTek, Gauna reported that MediaTek expects to ship 300M smartphone chips this year, up from 220M in 2013. Skyworks should also be boosted by new handsets that China Mobile (CHL) and Samsung (SSNLF) are looking to launch in coming months, added the analyst. He increased his price target on Skyworks to $46 from $40 and reiterated an Outperform rating on the stock. PRICE ACTION: In mid-afternoon trading, Skyworks rose 0.41%, to 15c, to $36.89.
News For SWKS;CHL;SSNLF From The Last 14 Days
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September 16, 2014
16:27 EDTCHLOn The Fly: Closing Wrap
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12:18 EDTCHLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, with some attributing the move to noted Fed watcher Jon Hilsenrath of The Wall Street Journal giving the opinion that he does not believe the central bank will drop the language that interest rates will "remain low for an extended period of time" when it issues its latest policy statement tomorrow. The averages began the session in negative territory and appeared to be heading for another listless day of trading. The market drifted lower during the opening hour but the Dow and S&P crossed into positive ground and the Nasdaq eventually followed. ECONOMIC EVENTS: In the U.S., the Producer Price Index was unchanged in August, as expected. The core reading, which excludes food and energy, increased 0.1%, also matching expectations. Of note, the Fed's FOMC rate setting group kicked off its two-day policy meeting. COMPANY NEWS: Shares of Apple (AAPL) slid over 1% after Chinese-language 21st Century Business Herald reportedly said the company might not get the necessary approval to launch its new iPhone 6 models throughout China until next year after failing to come to an agreement with a regulator in the nation. Shares of China Mobile (CHL), which is buy far the largest phone carrier in China, slipped 2% after the report... Glimcher Realty Trust (GRT) surged 29% after it agreed to sell itself to fellow REIT Washington Prime Group (WPG) for $14.20 per share. Washington has agreed to buy Glimcher for about $4.3B in a cash and stock deal. Glimcher shareholders will receive $10.40 in cash and 0.1989 of a share of Washington stock upon the closing of the transaction, the companies stated. As part of the deal, Simon Property Group (SPG), which completed its separation of Washington Prime Group this May, agreed to buy two shopping malls owned by Glimcher for $1.09B in cash. Shares of fellow mall owning REITs CBL & Associates (CBL), Rouse Properties (RSE) and Pennsylvania REIT (PEI) rose following the deal announcement. MAJOR MOVERS: Among the notable gainers was Bill Barrett (BBG), which rose 12% after selling natural gas, oil and natural gas liquids assets in the Piceance Basin in Colorado for $525M to Vanguard Natural (VNR). Vanguard Natural also gained 1% following the deal announcement. Among the noteworthy losers was VirnetX (VHC), which plunged nearly 50% after an appeals court vacated a jury’s damages award in its patent case with Apple. Also lower were shares of Atlantic Power (AT), which dropped 32% after announcing that it concluded a sale or merger of the company is not in the best interests of the company or its stakeholders and the company cut its annual dividend. INDEXES: Near midday, the Dow was up 88.18, or 0.52%, to 17,119.32, the Nasdaq was up 16.11, or 0.36%, to 4,535.01, and the S&P 500 was up 11.94, or 0.6%, to 1,996.07.
10:52 EDTCHL, SSNLFApple, China Mobile trade lower as iPhone 6 unlikely to debut in China this year
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09:13 EDTSSNLF, CHLApple may need to wait until 2015 to launch iPhone 6 in China, Bloomberg says
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06:28 EDTSSNLFLenovo, Huawei look to pose threat in high-end smartphone segment, DigiTimes says
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September 15, 2014
14:28 EDTCHLAmerica Movil shopping $17.5B of assets to AT&T, others, Bloomberg says
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06:25 EDTSSNLFWearable orders appear optimistic in 2014, DigiTimes reports
Supply chains are seeing optimistic demand throughout 2014 for wearables, reports DigiTimes. Makers are seeing orders for flexible AMOLED panels and component orders for 1.56-inch panels. Reference Link
September 14, 2014
14:41 EDTSSNLFSamsung asks for investigation of LG Electronics on vandalism, WSJ says
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September 12, 2014
06:30 EDTSSNLFGlobal tablet shipments to increase 9.1% in Q3, DigiTimes Research reports
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September 10, 2014
10:03 EDTSSNLFAmerican Airlines to use electronic flight attendent manuals
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06:21 EDTSSNLFSamsung's panel orders expected to remain strong till Q4, DigiTimes says
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06:17 EDTSSNLFDRAMeXchange: DRAM industyr profits to stabilize in 2015, DigiTimes reports
DRAM industry profits are expected to stabilize in 2015 as construction of Samsung and SK Hynix's new fabrication plants will not be finished till next year, reports DigiTimes. Citing DRAMeXchange, a significant increase in capacity at Samsung's Line 17 fab initially scheduled for 2Q12 has been delayed. Production will begin at 10,000 wafer starts a month in the second quarter of 2015 and increase gradually to 40,000 wafer starts by the end of the year. Reference Link
September 9, 2014
18:21 EDTCHLChina Mobile targets 50M 4G subscribers by year end, Nikkei reports
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08:37 EDTSSNLFBarnes & Noble's NOOK launched first co-branded tablet with Samsung
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07:29 EDTSSNLFUBM Canon to hold a summit
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06:20 EDTSSNLFForrester: Apple could sell 10M iWatches this year, FT reports
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September 8, 2014
08:32 EDTSSNLFImmersion announces license with Samsung printing solutions
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07:35 EDTSSNLFAmazon mulls Fire phone UK exclusively deal with O2, FT says
In an effort to rival Apple (AAPL) and Samsung (SSNLF) in the premium smartphone industry, Amazon (AMZN) is in final-stage discussions to sell its new Fire smartphone exclusively through Telefonica’s (TEF) O2 throughout the UK, reported the Financial Times. Reference Link
September 5, 2014
07:06 EDTCHLChina Mobile volatility increases as shares at six-year high
China Mobile overall option implied volatility of 22 is above its 26-week average of 18 according to Track Data, suggesting large near term price risk.
06:29 EDTSSNLF$30 to be competitive price for sapphire covers in 2015, DigiTimes Research says
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