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Stock Market & Financial Investment News

News Breaks
February 24, 2014
04:55 EDTVIA, VIA, VIA, VIA, EMC, EMC, EMC, EMC, C, C, C, C, CSCO, CSCO, CSCO, CSCO, T, T, T, T, ALU, ALU, ALU, ALU, IBM, IBM, IBM, IBM, LNKD, LNKD, LNKD, LNKD, INTC, INTC, INTC, INTC, SAP, SAP, SAP, SAP, EA, EA, EA, EA, FB, FB, FB, FB, CTXS, CTXS, CTXS, CTXS, IT, IT, IT, IT, WMT, WMT, WMT, WMTGSM Association to hold a conference
Mobile World Congress 2014 is being held in Barcelona, Spain on February 24-27.
News For VIA;IT;CTXS;FB;EA;SAP;INTC;LNKD;IBM;ALU;T;CSCO;C;EMC;WMT From The Last 14 Days
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November 10, 2014
12:53 EDTFBFacebook says has over 50M monthly active users for Messenger
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12:45 EDTTFullscreen to acquire Rooster Teeth, terms not disclosed, Reuters reports
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12:43 EDTTAT&T issues statement on White House Title II announcement
AT&T issued the following statement in response to the White House's announcement regarding Title II. AT&T executive VP Jim Cicconi said, "Today’s announcement by the White House, if acted upon by the FCC, would be a mistake that will do tremendous harm to the Internet and to U.S. national interests. It is a complete reversal of a bipartisan policy that has been in place since the Clinton Administration—namely, to treat Internet access as an information service subject to light-touch regulation. This classification of Internet service has been upheld by the Supreme Court and has enjoyed strong Congressional support for nearly a generation. Now, with one statement, the White House is telling the FCC to ignore this precedent and to instead impose on the entire Internet—from end to end—onerous government regulation designed in the 1930s for a Bell phone monopoly that no longer exists, not for a 21st century technology. This will have a negative impact not only on investment and innovation, but also on our economy overall. For a generation, the Internet has been an American success story. Light-touch regulation has encouraged levels of investment unprecedented by any industry and spawned incredible innovation. Today’s action puts all of that at risk—and puts it at risk not to remedy any specific harm that has occurred. Instead, this action is designed to deal with a hypothetical problem posed by certain political groups whose objective all along has been to bring about government control of the Internet. The White House is proposing to put the Internet and our economy at risk as a result of such political pressures. We feel the actions called for by the White House are inconsistent with decades of legal precedent as well as Congressional intent. Moreover, if the government were going to make such a momentous decision as regulating the entire Internet like a public utility, that decision is more properly made by the Congress and not by unelected regulators without any public record to support the change in regulation. If the FCC puts such rules in place, we would expect to participate in a legal challenge to such action.”
12:36 EDTWMTAbercrombie, American Eagle sink after analyst downgrades
Shares of specialty teen apparel retailers Abercrombie & Fitch (ANF) and American Eagle Outfitters (AEO) are falling after a number of analysts issued negative notes on the companies. WHAT'S NEW: Oppenheimer analyst Anna Andreeva downgraded Abercrombie & Fitch to Perform from Outperform. The company's earnings outlook has become less clear as its U.S. brand has not yet become popular, and retail brand turnarounds usually take awhile, Oppenheimer analyst Anna Andreeva wrote in a note to investors. Additionally, Abercrombie's international business, which has deteriorated further this year, faces "mounting uncertainty,” the analyst stated. The analyst slashed her price target on the name to $30 from $50. Meanwhile, Barclays analyst Matthew McClintock downgraded American Eagle Outfitters to Equal Weight from Overweight. McClintock has become more pessimistic about the outlook for American Eagle's comparative store sales in the second half of 2014, given recent data points from a number of retailers, including Abercrombie & Fitch, Kohl's (KSS), Wal-Mart (WMT), J.C. Penney (JCP), and Ann Inc. (ANN). The analyst said he saw no reason why American Eagle should significantly outperform the overall apparel sector. McClintock cut his price target on the name to $11 from $15. Meanwhile, the analyst lowered his rating on the Softline Retail sector to Negative from Positive, as he believes that the sector, which includes companies that sell products like apparel, towels, and jewelry - is facing structural difficulties that are likely to persist for the next several years. Separately, research firm Janney Capital downgraded Abercrombie to Neutral from Buy in a note to investors today. PRICE ACTION: In early afternoon trading, Abercrombie & Fitch sank 3.5% to $28.50 and American Eagle dropped 4% to $12.40.
12:02 EDTSAPUtopia announces global reseller agreement with SAP
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10:48 EDTFBFacebook enhances users' control over News Feeds
Facebook on Friday announced that News Feed settings will now show a list of the top people, Pages and Groups that users have seen in their News Feeds over the past week. Users can choose to sort by people, Pages or Groups posts, or see an overall summary., the social network said. They can unfollow any friend, Page or Group if they don’t want to see their stories in their News Feeds, Facebook added. Users can also see who they’ve unfollowed in the past and can choose to re-follow them at anytime, the company stated. If users see a story they're not interested in or don’t want to see, they can tap the arrow in the top right of that story to hide it, Facebook said. Reference Link
10:28 EDTIBMIBM announces collaboration with with NVIDIA and Julich Supercomputing
IBM (IBM), in collaboration with NVIDIA (NVDA), and the Julich Supercomputing Center, part of the largest research center in Germany, announced plans for a new competency center to advance the creation and optimization of research applications on GPU-accelerated OpenPOWER compatible systems.
09:45 EDTTObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTTObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:35 EDTFBActive equity options trading
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09:00 EDTWMTWal-Mart weekly volatility increases into Q3 and holiday outlook
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08:23 EDTWMTWal-Mart expectations appear muted heading into earnings, says RW Baird
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08:22 EDTCSCO, ALU, TNetwork equipment makers slip after AT&T projects lower 2015 capital spending
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08:12 EDTT, ALUAT&T 2015 capex reduction negative for select stocks, says JPMorgan
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07:23 EDTCTXSRBC Capital to hold a conference
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07:12 EDTCTXS, SAP, CSCO, IBMCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
07:11 EDTLNKDOpen Mobile Media to hold a summit
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06:46 EDTCRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:37 EDTCSumitomo Mitsui in lead for Citigroup's Japan retail operations, WSJ reports
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06:18 EDTCUBS to settle misconduct allegations at precious metals trading unit, FT reports
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