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Stock Market & Financial Investment News

News Breaks
June 7, 2013
16:26 EDTIRM, WMT, CSCO, EQIX, THO, TWC, TIVO, LAMR, BDBD, GOOGOn 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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November 18, 2014
09:27 EDTGOOGGoogle's Q4 gross ad revenues tracking slightly ahead, says ITG Research
ITG Research said Google's Q4 gross ad revenue is tracking to $16.35B vs. consensus of $16.29B.
09:03 EDTWMTI.D. Systems receives three-year contract extension from Walmart
I.D. Systems (IDSY) has executed a three-year extension of its contract with Walmart Stores (WMT) to provide VeriWise trailer tracking and management services for Walmart's fleet of cargo trailers. The contract extension, which runs through October, 2017, has a maximum aggregate value of approximately $14M.
06:08 EDTGOOGIntel's 'Mica' bracelet to feature Google alerts, AT&T data plan, Re/code says
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05:26 EDTWMTDisney Movies Anywhere now available through Walmart VUDU service
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November 17, 2014
07:51 EDTEQIXEquinix files automatic mixed securities shelf
06:23 EDTGOOGFacebook working on 'Facebook at Work' website, FT reports
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06:10 EDTGOOGGoogle partners with Telstra to test Project Loon in Australia, SMH reports
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November 14, 2014
17:27 EDTTWCPaulson & Co. gives quarterly update on stakes
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17:07 EDTGOOGSoros Fund Management gives quarterly update on stakes
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16:39 EDTWMTBerkshire Hathaway gives quarterly update on stakes
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16:26 EDTWMTNasdaq clear leader as major averages end week higher
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14:46 EDTWMTDisney movies service partnering with Wal-Mart's Vudu, Reuters reports
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10:00 EDTWMTOn The Fly: Analyst Downgrade Summary
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09:38 EDTIRMJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
07:37 EDTWMTWal-Mart price target raised to $91 from $83 at UBS
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07:37 EDTLAMRLocal media ad market looks positive, says Wells Fargo
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07:27 EDTWMTWal-Mart price target raised to $92 from $82 at BofA/Merrill
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07:16 EDTBDBDBoulder brand values worth $12-$13 per share, says Piper Jaffray
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06:49 EDTWMTWal-Mart downgraded to Underperform from Market Perform at BMO Capital
06:00 EDTGOOGGoogle to retire Google Wallet for digital goods API on March 2, 2015
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