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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.
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September 4, 2014
10:32 EDTCSCOCisco, Red Hat expand relationship, launch solution for OpenStack
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08:33 EDTIRMIron Mountain to provide data center colocation services for First Marblehead
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08:03 EDTEQIXEquinix and XO Communications partner for multi-cloud solutions
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07:22 EDTGOOGGoogle has upward bias to estimates, says Credit Suisse
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06:40 EDTGOOGApple, others restart discussions with tech staff in hiring suit, Reuters says
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06:30 EDTGOOGIDC: Phablet shipments to pass PCs in 2014, tablets in 2015, DigiTimes reports
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06:16 EDTGOOGLuxottica's returning CEO says 'embarrassed’ by Google Glass, FT reports
Luxottica's (LUX) founder and returning CEO Leonardo Del Vecchio told the Financial Times earlier this week that he has not used Google Glass (GOOG) and that it would "embarrass [him] going around with that on my face." Luxottica signed a deal with Google earlier this year to develop the $1,500 interactive headset. Reference Link
September 3, 2014
16:15 EDTBDBDBoulder Brands initiated with an Outperform at Oppenheimer
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13:02 EDTGOOGAbbVie, Calico announce collaboration
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12:19 EDTLAMROptions with increasing implied volatility
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11:42 EDTWMTWal-Mart de Mexico scales back 2014 store expansion plans, WSJ says
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11:18 EDTTWCCharter, Comcast say SpinCo to be called GreatLand Connections
Charter Communications (CHTR) and Comcast Corporation (CMCSA, CMCSK) announced the name of the new cable company that will be spun off from Comcast upon completion of the Comcast – Time Warner Cable (TWC) merger and the Comcast – Charter transactions. The company referred to as "SpinCo" or "Midwest Cable LLC" will be known as GreatLand Connections Inc.
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
10:00 EDTBDBDOn The Fly: Analyst Upgrade Summary
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09:00 EDTEQIXEquinix Cogent should be bought at current levels, says Pacific Crest
Pacific Crest expects Equinix and Cogent to benefit from an accelerating trend of enterprises moving to the cloud.
08:44 EDTBDBDBoulder Brands upgraded to Buy from Neutral at Longbow
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07:43 EDTCSCODCP selcets Zix email encryption to replace Cisco
Zix Corporation (ZIXI) announces that DCP has switched its email encryption solution from Cisco’s (CSCO) IronPort Encryption Appliance to Zix Email Encryption in a new three-year contract. DCP is a holding company for Bank of Washington, Citizens National Bank and United Bank of Union, and all bank employees will now use ZixCorp to protect financial information in email.
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
06:10 EDTBDBDBoulder Brands upgraded to Buy from Neutral at Longbow
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