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Stock Market & Financial Investment News

News Breaks
February 25, 2013
04:55 EDTT, T, T, T, DOX, DOX, DOX, DOX, RIMM, RIMM, RIMM, RIMM, QCOM, QCOM, QCOM, QCOM, DCM, DCM, DCM, DCM, GM, GM, GM, GM, VOD, VOD, VOD, VOD, CHL, CHL, CHL, CHL, TI, TI, TI, TI, ERIC, ERIC, ERIC, ERICGSM Association to host a conference
Mobile World Congress 2013 is being held in Barcelona, Spain on February 25-28.
News For T;TI;CHL;VOD;GM;DCM;QCOM;RIMM;DOX;ERIC From The Last 14 Days
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May 13, 2015
12:01 EDTTAT&T to offer Hulu subscription streaming service to customers
AT&T (T) and Hulu (DIS, CMCSA, FOXA) have signed a deal that will bring the Hulu subscription streaming service to AT&T customers through AT&T's websites and mobile applications. AT&T customers will be able to browse Hulu programs and select the shows they want to watch through an AT&T app for mobile device viewing or an AT&T website for Internet viewing. Combined with a leading TV Everywhere catalog, AT&T customers subscribing to Hulu will have one of the best selections available of current and past season full episodes. AT&T and Hulu also are exploring the possibility of bringing a Hulu app to TV. This offering will become available to AT&T customers later this year. The expanded relationship with Hulu complements AT&T's other over-the-top initiatives, including Otter Media.
11:58 EDTTAT&T, Communications Workers of America reach tentative contract agreements
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08:11 EDTGMGeneral Motors and Toyota implement Microchip's infotainment networking devices
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07:34 EDTQCOMEdX and Qualcomm collaborate to build next-generation mobile learning experience
EdX and Qualcomm Education, a subsidiary of Qualcomm, announced a collaboration to further develop edX's MOOC mobile capabilities and enhance its open source platform to benefit connected learners around the world. As part of the collaboration, Qualcomm Education will contribute engineering resources and will license elements of its SDK code, which edX will distribute to the Open edX community.
07:15 EDTVODVodafone volatility elevated into FY15 and outlook
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06:55 EDTTInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
May 12, 2015
19:31 EDTGMGM recalls 522,000 Malibu, Colorado, Canyon models, Auto News says
General Motors is recalling roughly 53,000 2015 Chevrolet Colorado and GMC Canyon pickup trucks due to faulty seat frame hooks, as well as 469,000 2011-2012 Chevrolet Malibus with weak seat belt cables, reports Automotive News, citing an emailed statement from the company. GM said it is aware of 36 claims and one minor injury related to the Malibu seat belt defect, though no accidents or fatalities have been reported. Reference Link
17:10 EDTGMGeneral Motors halts Brazilian factory over shipping troubles, Reuters says
GM has halted production at a factory in southern Brazil after transportation firms Tegma and Transzero stopped shipping cars from the plant, reports Reuters, citing company statements. Reference Link
12:59 EDTTRegulators unlikely to block AT&T-DirecTV deal, WSJ says
The FCC and U.S. Justice Department are nearly finished reviewing AT&T's (T) acquisition of DirecTV (DTV), and are unlikely to block the deal, reports The Wall Street Journal, citing people familiar with the matter. Sources said the Justice Department hasn't raised issues, and though the FCC may seek to impose conditions, they are expected to be acceptable to AT&T. Reference Link
12:32 EDTTDirecTV up 1% after report says regulators unlikely to block AT&T deal
Dow Jones, citing sources, said the U.S. review of the deal is nearing its end and that regulators are unlikely to step in to block the merger.
12:30 EDTTU.S. unlikely to block AT&T, DirecTV deal, Dow Jones reports
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11:38 EDTTLivePerson sinks to 52-week low after cutting fiscal 2015 outlook
Shares of LivePerson (LPSN), a provider of cloud-based digital engagement solutions, are sinking after the firm lowered its outlook for fiscal 2015. WHAT'S NEW: LivePerson yesterday reported first quarter adjusted earnings per share of 4c, in line with analysts' consensus estimates, on revenue of $59.8M, slightly below analysts' consensus estimates of $60.79M. LivePerson said it signed 147 deals in the quarter, including the addition of 30 new customers. Looking ahead to the second quarter, LivePerson forecast adjusted EPS of 0c-2c and revenue of $58.5M-$59.5M, well below the analysts' consensus estimates of 6c and $63.88M, respectively. WHAT'S NOTABLE: The company lowered its fiscal year 2015 adjusted EPS view to 10c-15c from 27c-32c, significantly trailing analysts' consensus estimates of 28c. LivePerson also cut its FY15 revenue outlook to $243M-$247M from $263M-$269M, also well below analysts' estimates of $264.36M. The company reduced reduced FY15 revenue guidance by $21M when comparing the midpoint of its updated guidance range to the midpoint of its previous guidance range. The adjustment reflects the impact of one large customer contract that ended, an increase in foreign exchange headwinds and a slightly slower start to the year than expected as the company intensified its focus on bringing LiveEngage to the market, the company said. LivePerson said it expects to record a $2.5M charge in Q2 related to cost-cutting move, which it described as "reprioritizing on areas showing the highest potential growth." The company believes its cost-savings initiatives will generate approximately $13M of expense savings in 2015. ANALYST REACTION: Credit Suisse this morning downgraded LivePerson to Neutral from Outperform and lowered its price target to $8 from $19. The firm said LivePerson was "forced" to lower revenue guidance for FY15 primarily due to the loss of AT&T (T) as a pay-for-performance chat customer, as well as from a slow sales start and FX. The firm said the ability of LivePerson to transition its large customer base to LiveEngage 2.0 will take longer than previously estimated. PRICE ACTION: In late morning trading, LivePerson fell $1.16, or 12.26%, to $8.30 on more than five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $8.10. Including today's pull back, the shares have lost approximately 15% over the past 12 months. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), down 1.2%, Zendesk (ZEN), down 4.05%, and Salesforce.com (CRM), up 0.2%.
11:14 EDTTAOL premium low but likely best bet for AOL shareholders, Bloomberg says
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10:32 EDTTAcacia Research enters settlement, license agreement with AT&T Mobility
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May 11, 2015
13:17 EDTCHLMicrosoft invests in subsea cables to connect datacenters globally
Microsoft (MSFT) announced in a blog post that over the past nine months, "Microsoft has been significantly investing in subsea and terrestrial dark fiber capacity by engaging in fiber partnerships that span multiple oceans and continents. And today, our connections across the Atlantic and Pacific just got stronger.We announced deals with Hibernia and Aqua Comms, in which Microsoft is investing in a cable with each company to connect Microsoft’s datacenter infrastructure from North America to Ireland and on to the United Kingdom. These cables will help deliver data at higher speeds, with higher capacity and lower latency for our customers across the globe. Additionally, we joined a consortium comprised of China Mobile (CHL), China Telecom (CHA), China Unicom (CHU), Chunghwa Telecom (CHT), KT Corporation (KT) with TE SubCom as the cable supplier. As part of our participation in the consortium, Microsoft will invest in its first physical landing station in the US connecting North America to Asia. The New Cross Pacific Cable Network will provide faster data connections for customers, aid Microsoft in competing on cloud costs, all while creating jobs and spurring local economies. The goal of our expansions and investments in subsea cables is so our customers have the greatest access to scale and highly available data, anywhere." Reference Link
12:06 EDTTAT&T appoints Jeffrey Lewis Chief Accessibility Officer
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10:44 EDTGMGM ignition fund approves claims for 100 deaths, Detroit News says
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09:37 EDTQCOMActive equity options trading on open
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07:26 EDTERIC, QCOMQualcomm rivals questioned by EU antitrust regulators, Reuters reports
Antitrust regulators in the EU are asking Qualcomm's (QCOM) rivals about the company's business practices, Reuters reports, citing a document. Europe has been investigating Qualcomm for the last seven months over the way it licenses its products and its power over patents. Another EU inquiry, which began in 2010, was triggered by a complained from Nvidia's (NVDA) Icera unit over rebates and incentives. Reference Link
05:21 EDTERICEricsson announces multi-year agreement with Safaricom
Ericsson announced the signing of a multi-year agreement with Safaricom, Kenya's largest mobile operator, to support the upgrade and expansion of its converged mobile network infrastructure. Under the terms of this agreement, Ericsson will deploy Wi-Fi technology for the first time on the Safaricom network as well as expand and enhance the MINI-LINK microwave transmission network; enabling subscribers enjoy a richer quality of mobile broadband in Kenya.
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