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Stock Market & Financial Investment News

News Breaks
July 15, 2014
08:53 EDTVMW, CHA, SFTBFVMware announces partnerships with China Telecom, Softbank
VMware (VMW) announced in a corporate blog post the expansion of its hybrid cloud service footprint into the Asia-Pacific region through two partnerships in Japan and China. This week in Japan, at SoftBank World, the company and Softbank (SFTBF) will announce a new joint venture between the companies to launch VMware vCloud Hybrid Service in Asia. This service is already available to clients in Japan as a private beta today and will become generally available in Q4 of this year, VMware stated. Also this week in China, China Telecom (CHA) executives announced plans to build a hybrid cloud service in Beijing based on VMware hybrid cloud technology. The new service, to be operated by China Telecom, as CT E-surfing Hybrid Cloud Services, is expected to deliver hybrid cloud offerings such as Infrastructure as a Service, Disaster Recovery as a Service and Desktop as a Service. Reference Link
News For VMW;CHA;SFTBF From The Last 14 Days
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September 29, 2014
17:50 EDTSFTBFDreamWorks Animation down 9% after report that talks have slowed with Softbank
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17:45 EDTSFTBFSoftbank, DreamWorks discussions may have slowed, WSJ says
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16:22 EDTSFTBFOn The Fly: Closing Wrap
Stocks on Wall Street opened sharply lower, as the volatility which was seen last week carried over. It was the sixth session in a row, and the eighth in the last ten, in which the Dow experienced a triple digit move. The early weakness was attributed to unrest in Hong Kong as pro-Democratic protesters forced the closing of 17 banks and many small businesses. The market was able to shrug off the early weakness and pared its losses, with the Nasdaq eventually crossing into positive territory for a brief time. The averages all ended the day in the red, but were much improved from the lows they hit right after the opening bell. ECONOMIC EVENTS: In the U.S., consumer spending increased 0.5% last month, which was a bit better than expected. Personal incomes increased 0.3% in August, which matched the consensus forecast of economists. The National Association of Realtors' pending home sales index fell 1.0% to 104.7 in August, which was worse than the expected drop of 0.5%. In Asia, Hong Kong's Hang Seng Index dropped nearly 2% as riot police advanced on protesters in the deepest unrest since China took back control of the colony two decades ago. In Europe's bond market, Italian and Spanish yields rose as Italy's Prime Minister Matteo Renzi faced rumors that he could be pressured to quit and leaders in Spain's Catalonia region called for a referendum to be held on independence. COMPANY NEWS: DreamWorks Animation (DWA) rallied $5.82, or 26.03%, to $28.18 after The Hollywood Reporter said yesterday that the company is in talks to be acquired by Japanese telecom company Softbank (SFTBF), the parent of U.S. wireless carrier Sprint (S). Softbank is negotiating to buy DreamWorks for $32 per share, or $3.4B, the report said, citing an unnamed source, though CNBC's David Faber and entertainment industry publication Variety were cautious about whether a deal will be consummated. Lionsgate (LGF), another movie maker recently linked to Softbank by The New York Post and to Vivendi (VIVHY) by Reuters, also rose $1.79, or 5.74%, to $32.99. MAJOR MOVERS: Among the notable gainers were a number of companies that agreed to be acquired. Ambit Biosciences (AMBI) surged $7.14, or 87.07%, to $15.34 after Daiichi Sankyo agreed to acquire all of its outstanding shares for $15 per share in cash plus one Contingent Value Right based on commercialization related milestones. Einstein Noah (BAGL) advanced $6.76, or 50.49%, to $20.15 after the bagel shop owner agreed to be acquired by JAB Holding Company for $20.25 per share in cash. Athlon Energy (ATHL) rose $11.59, or 24.8%, to $58.32 after striking a deal to be bought by Canadian energy giant Encana (ECA), which also gained 46c, or 2.18%, to $21.59 following the deal announcement. Among the noteworthy losers was Civeo Corporation (CVEO), which dropped $12.63, or 49.59% to $12.84 after the company decided against conversion to a real estate investment trust, or REIT, and said it will continue as C corporation and redomicile to Canada. Also lower were shares of Ford (F), which fell $1.22, or 7.47%, to $15.11 after the automaker said during its investor day presentation that it won't achieve its previously stated 2014 profit goal and now sees pre-tax profit of $6B for the fiscal year. INDEXES: The Dow slipped 41.93, or 0.25%, to 17,071.22, the Nasdaq fell 6.34, or 0.14%, to 4,505.85, and the S&P 500 dropped 5.05, or 0.25%, to 1,977.80.
13:53 EDTSFTBFVivendi may look at deal for Lionsgate, Reuters says
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12:18 EDTSFTBFOn The Fly: Midday Wrap
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10:32 EDTSFTBFDreamWorks jumps after report of Softbank takeover talks
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09:20 EDTSFTBFOn The Fly: Pre-market Movers
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06:55 EDTSFTBFReport: Slim chance Softbank acquires DreamWorks, Variety says
The likelihood of a deal where Softbank (SFTBF) acquires DreamWorks Animation (DWA) is "slim", reports Variety, citing an unnamed Softbank source in Japan's Nihon Keizai Shimbun. The Hollywood Reporter first broke the news Saturday, but the source said, “It’s true that we are in contact, but the likelihood of [the deal] actually happening is slim.” Reference Link
06:51 EDTSFTBFDreamWorks Animation volatility low into Softbank in talks to acquire report
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September 28, 2014
20:10 EDTVMWEMC buyout rumors could be good for VMware, Barron's says
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14:39 EDTSFTBFSoftbank in talks to acquire DreamWorks Animation, Hollywood Reporter says
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September 24, 2014
11:42 EDTVMWMobileiron advances after analyst sees easing competition
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September 23, 2014
07:23 EDTSFTBFYahoo could be buyer or target after Alibaba IPO, Re/code says
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06:33 EDTVMWHP was primarily interested in EMC's VMware stake, Re/code reports
HP (HPQ) was interested in merging with EMC (EMC) primarily due to the latter company's 80% stake in VMware (VMW), according to Re/code, which cited unnamed sources. The deal discussed between HP and EMC was an all-stock transaction that would have created a combined company worth about $130B, Re/code stated. Reference Link
September 22, 2014
13:02 EDTVMWEMC exploring options ahead of CEO retirement, Bloomberg reports
EMC (EMC) is exploring strategic options ahead of the 2015 retirement of its CEO Joseph Tucci, Bloomberg reports, citing people familiar with the discussions. The options could include a full or partial sale, or a spinoff of VMware (VMW), Bloomberg added, citing sources.
12:50 EDTVMWEMC jumps after reports detail takeover talks
The shares of cloud application provider EMC (EMC) are rising in a down market after Wall Street Journal reported that the company had held talks about selling itself to HP (HPQ) and Dell. WHAT'S NEW: EMC held on-and-off merger talks with HP for almost a year, but those talks have ended, Wall Street Journal reported today. Dell also held talks with EMC about a takeover, the newspaper added. According to a CNBC’s David Faber, the takeover talks between HP and EMC went on for months, but the two sides couldn't agree on a price, as EMC wanted HP to pay a large premium to its stock price. Tiernan Ray of Barron's added today that the takeover talks between the companies could resume, citing a source. WHAT'S NOTABLE: The New York Post reported on September 11 that EMC was considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW). UBS analyst Steven Milunovich responded to The Post's report by writing on the same day that EMC had become a potential takeover target itself. HP, Oracle (ORCL) and Cisco (CSCO) could buy EMC, the analyst wrote. PRICE ACTION: In early afternoon trading, EMC added 1% to $30, while VMware added 1% to $95.
09:42 EDTSFTBFBofA/Merrill technology analysts holds analyst/industry conference call
Analysts discuss what's next for Yahoo and Softbank on an Analyst/Industry conference call to be held on September 22 at 10 am.
September 21, 2014
14:34 EDTSFTBFSoftbank gains approximately $4.6B on Alibaba IPO, Reuters says
Japan's Softbank (SFTBF) said it will gain approximately $4.6B from the Alibaba (BABA) IPO, says Reuters. Speaking on CNBC, the CEO of Softbank Masayoshi Son said he would like to own more of Alibaba but is satisfied with the 32% stake that Softbank already owns, added Reuters. Reference Link
September 19, 2014
07:25 EDTSFTBFSoftbank to spend some of Alibaba windfall in Hollywood, NY Post says
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September 18, 2014
12:58 EDTVMWEarnings Preview: Morgan Stanley views Oracle's Q1, Q2 estimates as 'achievable'
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