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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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August 19, 2014
15:49 EDTEQIXStephens to hold a field trip
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11:05 EDTCSCOImperva seen as takeover candidate under new CEO
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08:42 EDTCSCOImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
06:50 EDTGOOGImages show impending Google music subscription service, Android Police says
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06:13 EDTGOOGContinental AG hires Google's Seval Oz to lead new division, WSJ reports
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05:57 EDTGOOGGoogle to offer accounts to children under 13, WSJ reports
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August 18, 2014
18:13 EDTWMTWal-Mart not likely to bid for Family Dollar, Bloomberg reports
According to people familiar with the situation, Wal-Mart Stores (WMT) is unlikely to make an offer for Family Dollar Stores (FDO), Bloomberg reports. Reference Link
13:12 EDTGOOGMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
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08:47 EDTWMTDollar General says would slow store opening growth in Family Dollar deal
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08:47 EDTEQIXRaymond James to hold a summit
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08:05 EDTTWCTime Warner Cable price target raised to $173 from $148 at UBS
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August 17, 2014
20:16 EDTTWCFCC must decide on TWC arrangement as it reviews Comcast deal, WSJ says
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14:05 EDTGOOGGoogle acquires digital photo analysis startup Jetpac
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August 15, 2014
17:02 EDTCSCO, WMTStocks end week slightly higher despite flare-up in Russian tensions
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12:39 EDTGOOGOn The Fly: Midday Wrap
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11:45 EDTGOOGVringo confirms adverse ruling in patent suit with Google, others
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11:15 EDTGOOGVringo falls after patent win against Google, AOL reversed on appeal
The U.S. Court of Appeals for the Federal Circuit that patents claims asserted by I/P Engine, a unit of Vringo (VRNG), are invalid for obviousness and reversed a lower court's ruling in the company's favor. The patents were asserted in a suit against Google (GOOG) and Aol (AOL), IAC Interactive (IACI) and Gannett (GCI). Vringo shares dropped nearly 11% following the posting of the appeal court ruling. Reference Link
11:11 EDTGOOGU.S. Court says Vringo patents in Google case are invalid, Bloomberg Reports
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10:09 EDTGOOGSony expected to debut Smartwatch 3 next month, GigaOM reports
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07:38 EDTTWCComcast met with FCC this week to argue for deal, NY Post says
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