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Stock Market & Financial Investment News

News Breaks
July 15, 2014
04:55 EDTT, T, GOOG, GOOG, SK, SK, G, G, CLX, CLX, LOW, LOW, LUX, LUX, SNI, SNI, KO, KO, CPB, CPB, CAG, CAG, KMB, KMB, ULTA, ULTA, SWY, SWY, PEP, PEPIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
News For T;SWY;ULTA;KMB;CAG;CPB;KO;SNI;LUX;LOW;CLX;G;SK;GOOG;PEP From The Last 14 Days
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September 3, 2014
11:08 EDTGOOGAppeals court upholds Google win in patent suit brought by buySAFE
A district court previously ruled that patent claims asserted by buySAFE were invalid because they cover subject matter ineligible for patenting. An appeals court agreed that the district court’s holding is correct and Google did not infringe. Reference Link
10:16 EDTTAT&T confirms will carry Samsung Galaxy Note 4, Note Edge, Gear VR
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10:13 EDTKMBKimberly Clark aims to return 'healthy' amounts of cash to shareholders
Kimberly Clark looks to drive long term growth and strengthen the company despite a "difficult" environment. Says looking to return healthy amounts of cash to shareholders in the form of dividends and share repurchases. Aims to increase dividends roughly in-line with earnings. In terms of advertising, the company plans to increase spending faster than sales growth. Says on-track to spin-off healthcare business and create it into an independent publically traded company in Q4. Says aiming for$1.3B-$1.5B in share repurchases in FY14. Expects continued progress going forward in capital improvement. Aims to drive growth in its international business division. Comments made during Barclays Back-To-School conference.
09:49 EDTKMBKimberly Clark sees FY14 EPS up 4%-7%, consensus $6.09
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09:36 EDTPEPPepsiCo says 'not where we want to be' in North America beverages
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09:01 EDTKOKeurig Green Mountain, Coca-Cola expand agreement to Keurig hot brewing system
Keurig Green Mountain (GMCR) and The Coca Cola Company (KO) have expanded the companies’ innovative partnership to offer select beverages from the portfolio of The Coca Cola Company’s still brands in the Keurig hot brewing system in the United States and Canada. Honest Tea will be the first brand from The Coca Cola Company available in K-Cup® packs. In February 2014, the companies signed a 10-year agreement to collaborate on the development and introduction of The Coca Cola Company's global brand portfolio for use in Keurig’s forthcoming Keurig Cold™ at-home beverage system, available in Keurig’s fiscal year 2015. As part of that agreement Coca-Cola acquired a 10% minority equity position in Keurig and subsequently announced its intention to increase its stake up to 16%.
08:28 EDTTISIS Wallet changes name to Softcard
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07:11 EDTLUXLuxottica returning CEO has eyes on growth, M&A, FT says
Leonardo Del Vecchio, the returning CEO of Luxottica, has set doubling the group’s revenues over the next decade as a goal, with much of the desired revenue increase seen coming from organic growth, but also expects to continue to do acquisitions, reported Financial Times, citing an interview with the executive. Del Vecchio noted he would target companies that do not cannibalize its existing operations, stating, "We would buy a chain that does something different for us." Reference Link
06:23 EDTGOOGGoogle satellite exec Greg Wyler leaves company, sources say, WSJ reports
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06:22 EDTGOOGGoogle, UCSB partner on hardware initiative
Google yesterday said it is backing a project to design and build "new quantum information processors" with researchers at the University of California at Santa Barbara. Google comments, "With an integrated hardware group the Quantum AI team will now be able to implement and test new designs for quantum optimization and inference processors based on recent theoretical insights as well as our learnings from the D-Wave quantum annealing architecture. We will continue to collaborate with D-Wave scientists and to experiment with the 'Vesuvius' machine at NASA Ames which will be upgraded to a 1000 qubit 'Washington' processor." Reference Link
September 2, 2014
17:15 EDTPEPPepsiCo backs FY14 constant currency EPS growth guidance of 8%
In advance of the Barclays Back-to-School Consumer Conference in Boston, Massachusetts, PepsiCo stated that, consistent with its previous guidance for FY14, PepsiCo expects 8% core constant currency EPS growth in FY14 versus its FY13 core EPS of $4.37. Based on the current foreign exchange market consensus, PepsiCo currently expects that foreign exchange translation will have an unfavorable impact of approximately 4% points on its full-year core EPS growth in 2014. Excluding the impact of structural changes and foreign exchange translation, organic revenue in 2014 is expected to grow mid-single digits versus 2013, consistent with PepsiCo’s long-term target. Based on the current foreign exchange market consensus, PepsiCo currently expects foreign exchange translation to have an unfavorable impact of approximately 3 percentage points on its full-year net revenue growth in 2014.
14:26 EDTGOOGGoogle renames Google Enterprise products Google for Work
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13:04 EDTTFinisar retreats after analyst cuts on pricing, demand worries
Shares of optical components maker Finisar (FNSR) are falling after research firm Jefferies downgraded the stock to Hold from Buy in a note to investors today, citing pricing and demand concerns. WHAT'S NEW: After conducting checks, Jefferies analyst James Kisner wrote that Finisar is facing "brutal" prices for datacom optics, particularly in China. Prices for telecom components in North America are also challenging for Finisar, he reported. Various low-cost competitors are driving down prices for datacom optics, while AT&T (T) is trying to force optical systems vendors to cut the prices of their components by 40%, Kisner stated. Meanwhile, demand for mobile backhaul optics slowed significantly in China over the last month, and two of Finisar's customers - Cisco (CSCO) and Huawei - are exploring alternatives to Finisar's products, Kisner indicated. Additionally, Intel (INTC) and numerous start-ups may launch products that will compete with those of Finisar, potentially cutting into its market share beginning in the second half of 2015, the analyst warned. He cut his price target on the shares to $19 from $25. PRICE ACTION: In early afternoon trading, Finisar slumped 5.5% to $19. Other optical components makers also dropped, with Oclaro (OCLR) falling 1% to $1.75 and JDS Uniphase (JDSU) losing 2% to $11.30.
10:09 EDTKO, PEPStudy finds adverse heart events associated with energy drinks, ScienceWR says
A study presented at the European Society of Cardiology congress concluded that caffeinated energy drinks can be associated with several adverse heart conditions including angina, cardiac arrhythmia and sudden death, reported Science World Report. Monster Beverage (MNST) markets energy drinks and recently struck a deal to acquire additional energy drink brands from Coca-Cola (KO). PepsiCo also markets energy drinks. Reference Link
09:22 EDTGOOGGoogle expected to launch low-end smartphone soon, NDTV Gadgets reports
Google has sent out invitations to the media for an event on September 15 in India, according to NDTV Gadgets. The search engine giant is expected to launch a low-end smartphone known as Android One at the event, NDTV stated. Reference Link
08:58 EDTGOOGVringo preparing to seek further review of Court split decision
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07:22 EDTULTAUlta Salon remains a quality growth idea, says RW Baird
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06:08 EDTTCox sued by AT&T for patent infringement, Reuters reports
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05:34 EDTLUXLuxottica says Andrea Guerra leaves as CEO
Luxottica yesterday announced the introduction of a new management structure based on a co-CEO model; one focused on Markets and the other dedicated to Corporate Functions. "The evolution to a co-CEO leadership structure with distinct and complementary responsibilities will ensure stronger management of the Group, which has rapidly increased its size, complexity and global presence in recent years," the company said. Enrico Cavatorta, current General Manager and CFO of the Group, was appointed CEO of Corporate Functions. He was also named as Interim CEO of Markets, pending the appointment of a permanent executive to this position. Operations, led by Massimo Vian, will temporarily report to the Chairman, Leonardo Del Vecchio. An Executive Committee, led by the Chairman, will be created. "The appointment of Enrico Cavatorta ensures the promotion of internal managerial excellence and provides the necessary strategic continuity. At the same time, the forthcoming appointment of an external co-CEO will introduce fresh energy and expertise in an important phase of evolution for the Group," it added. Luxottica explained, "Following a period of debate with Chairman Leonardo Del Vecchio over the Group’s future strategy and direction, Andrea Guerra leaves as Group CEO after a 10-year period of organizational consolidation and managerial growth." Luxottica confirmed its "strategic priorities to guarantee sustainable long-term growth, with increased focus on return on investment and on further improving efficiency."
September 1, 2014
12:16 EDTLUXLuxottica CEO Andrea Guerra tenders resignation, FT says
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