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Stock Market & Financial Investment News

News Breaks
June 7, 2013
16:26 EDTTIVO, LAMR, IRM, THO, BDBD, WMT, TWC, GOOG, CSCO, EQIXOn The Fly: Closing Wrap
Stocks on Wall Street were sharply higher after a better-than-expected jobs report pushed the averages higher at the open. The averages were higher throughout the session, moving towards their highs into the close, as each of the major equity indices logged gains for the week. ECONOMIC EVENTS: In the U.S., the Labor Department reported employers added 175K jobs in May, beating expectations for 163K added jobs. The unemployment rate rose slightly to 7.6% in May from 7.5% in April, with the uptick attributed to more people entering the workforce. COMPANY NEWS: TiVo (TIVO) confirmed it had settled a patent lawsuit with Google's (GOOG) Motorola unit, Cisco (CSCO) and Time Warner Cable (TWC), as reported by media outlets yesterday. The company also doubled its stock buyback authorization, but TiVo shares, which had been higher yesterday on the initial reports, fell $2.61, or 19.04%, to $11.10 as the amount of money the company received in the deal fell short of analyst expectations... Dow member Wal-Mart (WMT) advanced 70c, or 0.93%, to $76.33 after announcing a $15B share repurchase program, replacing the company's previous program announced two years ago. MAJOR MOVERS: Among notable gainers was Boulder Brands (BDBD), up $1.39, or 13.55%, to $11.65 after Imperial Capital initiated coverage on the stock with an Outperform rating and a $16 price target. Also higher was Thor Industries (THO), up $4.92, or 11.93%, to $46.16 after the company's first quarter earnings beat expectations. Among the losers were a number of companies that had hoped to convert to real estate investment trusts after the IRS formed a group to study issues relating to REIT conversions. Notable losers after this news were, Iron Mountain (IRM) which fell $5.45 or 15.84%, to $28.95, Lamar Advertising (LAMR), down $1.92, or 4.22%, to $43.62, and Equinix (EQIX) down $11.30, or 5.54%, to $192.57. INDICES: The Dow was up 207.50, or 1.38%, to 15,248.12; the S&P 500 was up 20.82, or 1.28%, to 1,643.38; the Nasdaq was up 45.17, or 1.32%, to 3,469.22.
News For TIVO;CSCO;GOOG;TWC;WMT;BDBD;THO;IRM;LAMR;EQIX From The Last 14 Days
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October 14, 2014
09:02 EDTTWCTime Warner Cable implements CSG Systems SmartVideo
Time Warner Cable (TwC) and CSG Systems (CSGS) announced that Time Warner Cable successfully implemented CSG SmartVideo in markets in New York City, Ohio, Nebraska, Texas, Los Angeles, and San Diego.
08:59 EDTGOOGGoogle October volatility elevated into Q3 and outlook
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07:31 EDTGOOGGoogle says YouTube Preferred ads essentially sold out, WSJ reports
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06:36 EDTGOOG'Double Irish' tax arrangement poised to halt, itnews says
Ireland is positioned to enact legal revisions soon that will slowly cease its "Double Irish" tax agreement, which has allowed companies like Google (GOOG) and Apple (AAPL) to not spend billions of dollars worth of taxes, according to itnews, citing, two sources familiar with the situation. Reference Link
06:19 EDTGOOGGoogle expands Express delivery service, to charge membership fee
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06:02 EDTGOOGGoogle may be leading $500M funding round for Magic Leap, Re/code reports
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October 13, 2014
15:06 EDTGOOGGoogle confirms limited test of online medical advice, Washington Post reports
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13:53 EDTGOOGYouTube to open New York video production studio
Google's YouTube announced that it would open a new video production studio in New York next month. YouTube already has video production facilities in London, Los Angeles and Tokyo.
13:10 EDTGOOGGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
09:23 EDTEQIXHP could buy lower valuation company, says Bernstein
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09:02 EDTWMTWal-Mart October volatility elevated into investment community meeting
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08:06 EDTGOOGQihoo 360 launches ad exchange platform, Marbridge Daily reports
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07:57 EDTGOOGGoogle price target lowered to $650 from $685 at Cowen
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07:53 EDTGOOGYouTube changes have diffused much of tension with copyright holders, FT says
YouTube, which implemented Content ID in 2007 to help producers manage their rights and generate revenues from copyright-infringing content, has hit $1B in payments to companies that participate in the program and Fred von Lohmann, legal director for copyright at Google, credits the program for diffusing much of the tension the site previously had with copyright holders, reported Financial Times. Via Content ID, copyright owners can “monetize” their content by allowing ads to be sold against it or have the video blocked and taken down and von Lohmann told Financial Times that the "vast majority" choose to monetize. Reference Link
07:22 EDTGOOGSony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
07:15 EDTWMTNational Association of Corporate Directors to hold a conference
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06:44 EDTGOOGGoogle testing feature that allows video chats with doctors, Engadget reports
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06:44 EDTGOOGGoogle could announce new Nexus tablet on October 15, 9to5Google reports
Google's new Nexus tablet may be announced on Wednesday, October 15, 9to5Google reports, citing Bright Side of News. The HTC-made tablet is rumored to cost $400. Reference Link
October 12, 2014
17:55 EDTWMTWal-Mart, DSW could benefit from holiday sales, Barron's says
Wal-Mart (WMT) and DSW (DSW) could benefit from the recent forecast of a 4% increase in holiday spending, Barron's contends in a follow up article. Reference Link
17:20 EDTCSCOGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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