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Stock Market & Financial Investment News

News For TWX;GOOG;NFLX From The Last 14 Days
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March 2, 2015
08:29 EDTGOOGMicrosoft reportedly to buy news app for $30M, TechCrunch says
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07:56 EDTGOOGGoogle appoints new head of Google+, hints at changes, TechCrunch says
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06:00 EDTGOOGMarvell announces partnership with Google;s ATAP Group
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05:59 EDTGOOGSamsung announces Samsung Pay mobile payment system
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March 1, 2015
18:28 EDTGOOGBlackBerry expands cross platform strategy
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17:20 EDTGOOGGoogle shares could rise 5%-10% with a dividend, Barron's says
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February 27, 2015
16:06 EDTNFLXOptions Update; February 27, 2015
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09:35 EDTGOOG, NFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL MCD GOOG MNST BAC TSLA NFLX SINA AMZN WYNN
08:13 EDTGOOGGoogle pays $25M for .app web domain, BI says
Google has paid $25M for rights to the ".app" web domain, reports Business Insider, citing ICANN auction results. Reference Link
06:03 EDTGOOGGoogle Ventures' European arm takes stake in Kobalt, FT reports
Google Ventures' European unit has led a $60M investment round in Kobalt, a music technology company that helps songwriters collect fees from outlets like YouTube and Spotify, The Financial Times reports. Reference Link
February 26, 2015
18:28 EDTGOOGGoogle co-founders sell $113M in stock, Barron's says
Google CEO Larry Page sold 83,334 class A shares for $45.14M and 83,334 class C shares for $45M and co-founder Sergey Brin sold 16,626 class A shares for $8.93M and 16,666 class C shares for $8.91M, reports Barron's in its 'Inside Scoop' column. Reference Link
16:52 EDTNFLXOn The Fly: Closing Wrap
Stocks on Wall Street moved in a narrow range for most of the session while remaining near record levels. The Nasdaq was the strongest of the indices, as it continues its march towards 5,000. Crude oil prices fell by over 5% during the regular trading session, but recovered a bit in after-hours trading. The market is on pace to complete its fourth consecutive week of gains and close out the month of February with gains after suffering losses in January. ECONOMIC EVENTS: In the U.S., the Consumer Price Index fell 0.7% in January, with the core rate rising 0.2%, versus expectations for the headline CPI to be down 0.6% and the core rate to rise 0.1%. Initial jobless claims rose 31K to 313K in the week ended February 21, versus expectations for 290K first-time claims. Durable goods orders rose 2.8% in January, versus expectations for a 1.6% increase. The FHFA home price index rose 0.8% to 218.6 in December, versus expectations for an increase of 0.5%. COMPANY NEWS: The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including Verizon (VZ), AT&T (T), and Comcast (CMCSA), have opposed the rules, while Netflix (NFLX) has been a strong and vocal supporter of open Internet provisions... Shares of International Business Machines (IBM) slipped $1.94, or 1.19%, to $160.87 after Big Blue held its investor day meeting in NYC. At the meeting, IBM backed its fiscal year profit view but also said that the company now expects currency to impact revenue growth by over 6 points for the full year, which is greater than the impact previously provided based on January 16 spot rates. IBM also said it was shifting $4B into "strategic initiatives," including Big Data, the Cloud, mobile, social and security... Barnes & Noble (BKS) rose $1.67, or 6.89%, to $25.92 after announcing plans to split its Education business from its Retail and NOOK Digital businesses. The separation into two independent, publicly traded companies is anticipated to be completed by the end of August and is intended to be a tax-free distribution to shareholders, B&N noted. MAJOR MOVERS: Among the notable gainers was Emulex (ELX), which jumped $1.57, or 24.69%, to $7.93 after the company agreed to be acquired by Avago Technologies (AVGO) for $606M, or $8 per share in cash. Avago also rose $16.57, or 14.71%, to $129.25 after announcing the deal and reporting "beat and raise" quarterly results. Also higher was UIL Holdings (UIL), which gained $9.74, or 23.01%, to $52.07 after the company agreed to be acquired by Iberdrola USA to create a newly listed U.S. publicly-traded company. The proposed transaction implies total value per share to UIL shareholders of $52.75, including $10.50 per share paid in the form of cash, the companies said. Among the noteworthy losers was Clayton Williams (CWEI), which fell $11.41, or 17.77%, to $52.79 after the company suspended drilling operations in both of its core resource plays, citing low oil prices, and its shares were downgraded at Wunderlich. Also lower following their earnings reports were network solutions provider Inteliquent (IQNT), which dropped $3.05, or 17.33%, to $14.55, and electric weapons maker TASER (TASR), which slid $4.36, or 16.14%, to $22.68. INDEXES: The Dow fell 10.15, or -0.06%, to 18,214.42, the Nasdaq gained 20.75, or 0.42%, to 4,987.89, and the S&P 500 declined 3.12, or 0.15%, to 2,110.74.
16:00 EDTNFLXOptions Update; February 26, 2015
iPath S&P 500 VIX Short-Term Futures down 33c to 27.78. Option volume leaders: AAPL TSLA TWTR C ZNGA MCD RIG NFLX according to Track Data.
14:23 EDTNFLXNetflix says FCC decisions are wins for consumers
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13:25 EDTGOOGGoogle to place ads in Google Play, may break up Google+, Forbes says
Google's product czar, Sundar Pichai, said the company will begin showing ads for apps in Google Play, and may break Google+ into pieces, according to Forbes. The company also plans new initatives in payments, commerce and enterprise apps, and would welcome the chance to reenter the Chinese market, Forbes quoted the executive as saying. Reference Link
13:12 EDTNFLXNetflix volatility at record low, shares near record high on FCC vote
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13:00 EDTNFLXFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTNFLXFCC Chair says open Internet proposals not a plan to control the Internet
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10:40 EDTGOOGDish could consider partnering with Google in wireless, The Information says
According to The Information, Dish Network (DISH) is likely to play a large role in the telecommunications industry in the coming years, and could look to form a partnership with Google (GOOG), something the companies have previously discussed. Though Google did not bid in the most recent auction of wireless spectrum, sources say Google executive Milo Medin, considered a bid. Reference Link
10:15 EDTTWXTime Warner calls active on speculation of a large investor stake
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