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Stock Market & Financial Investment News

News For VRNG;GOOG;AOL;IACI;GCI;TGT From The Last 14 Days
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September 26, 2014
12:31 EDTAOLReuters corrects tweet on Yahoo to attribute to Starboard, not company
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12:22 EDTAOLAOL calls active, activist believes combination with Yahoo could offer synergies
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12:20 EDTAOLAOL spikes higher after Starboard encourages combination with Yahoo
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12:17 EDTAOLAOL up 8.45%, Yahoo up 4% after talk of Yahoo-AOL combination
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12:15 EDTAOLStarboard believes Yahoo-AOL combination could offer synergies of up to $1B
In a letter to Yahoo, Starboard said, "Based on our analysis, we believe that a combination of Yahoo and AOL could offer synergies of up to $1 billion by significantly reducing the cost overlaps in their Display advertising businesses as well as synergies in corporate overhead. Importantly, we believe the combined entity would be able to more successfully navigate the ongoing industry changes, such as the growth of programmatic advertising and migration to mobile. In addition, we believe a combination could also lead to revenue growth opportunities given the broader user base, higher quality content, better technology assets, and enhanced relationships with advertising agencies. Interestingly, based on our research and the legal advice we have received on how to unlock the value of Yahoo's equity holdings, we believe a merger of AOL and Yahoo's core business may be one of the best ways to both fully seize the cost reduction opportunity and also to tax efficiently monetize Yahoo's non-core equity holdings. We trust the Board and management will do the right thing for shareholders, even if this may mean accepting AOL as the surviving entity in a combination, should that be the best and most tax efficient structure."
12:14 EDTAOLYahoo says exploring strategic combination with AOL, Reuters says
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12:13 EDTAOLStarboard urges Yahoo to explore combination with AOL
Starboard Value LP announced it has acquired a significant ownership stake in Yahoo!, and that it has delivered a letter to Marissa Mayer, President and CEO of Yahoo, and to Yahoo's Board of Directors. In the letter, Starboard said, "The purpose of this letter is to highlight several opportunities to unlock tremendous value for the benefit of all Yahoo shareholders. These opportunities include: 1) Unlocking the substantial value from Yahoo's non-core minority equity stakes in Alibaba (BABA) and Yahoo Japan in a structure that delivers value directly to Yahoo shareholders in a tax-efficient manner; 2) Realizing substantial cost efficiencies by reducing expenses throughout the Company, specifically with a goal of reducing losses in the Display business by between $250M-$500M; 3) Halting Yahoo's aggressive acquisition strategy which has resulted in $1.3 billion of capital spent since Q2 2012 while consolidated revenues have remained stagnant and EBITDA has materially decreased; and 4) Exploring a strategic combination with AOL (AOL) – a company we know well – which could improve Yahoo's competitive position, deliver cost synergies of up to $1B, and potentially facilitate the realization of value from Yahoo's non-core equity stakes with minimal tax leakage. We believe that the execution of these initiatives would produce tremendous value for shareholders, and are squarely within the control of the Company's management and board of directors. We look forward to engaging directly with you to discuss the details of how these actions can be implemented in a timely manner.
12:12 EDTAOLYahoo, AOL jump after Starboard recommends exploration of tie-up
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12:10 EDTAOLYahoo urged by Starboard Value to explore strategic combination with AOL
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11:19 EDTGOOGGoogle adds requirements for Android manufacturers, The Informatoin reports
Google (GOOG) may be adding requirements for dozens of manufacturers including Samsung (SSNLF), Huawei and HTC that want to build devices powered by Android, reports The Information. According to obtained confidential documents, the new requirements may include increasing the number of Google apps that must be pre-installed to as many as 20, placing more Google apps on the home screen and making Google Search more prominent. Reference Link
06:47 EDTGOOGFAA drone decision could be milestone, NY Times says
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06:39 EDTGOOGMost connected devices have security flaw, NY Times says
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06:13 EDTGOOGGoogle checks show accelerating search spend, says Citigroup
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September 25, 2014
09:00 EDTGOOGGoogle responds to News Corp. criticism in blog post
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07:31 EDTGOOGBrookings Institution to hold a discussion
The Governance Studies at Brookings hosts an event on the challenges facing cross-border data flows in the digital economy. A panel of experts discuss the possible ramifications on communication, trade and commerce of a fractioned internet to be held in Washington, D.C. on September 25 at 10 am.
06:07 EDTGOOGGlobal tablet sales momentum to slow down in 2015, DigiTimes reports
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September 24, 2014
13:33 EDTVRNGVringo issues statement on forthcoming patent trial against ZTE
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08:55 EDTGOOGEndurance and Google partner for web presence solutions in Africa and Asia
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07:28 EDTGOOGAmazon expanding hardware unit, working on smart home devices, Reuters says
Amazon.com (AMZN) plans to boost its full-time payroll at Lab126, the hardware unit that developed the Kindle and other consumer electronics devices, by at least 27% over the next five years, reported Reuters, citing a government document and people familiar with the matter. The expansion comes as Amazon tests connected-home devices that could compete with those available from or being developed by Google (GOOG) and Apple (AAPL), two people familiar with the Lab's activities said, Reuters noted. Reference Link
07:18 EDTGOOGEU antitrust head says Google must improve search settlement terms, WSJ reports
Joaquín Almunia, the outgoing head of the EU competition department, told European Parliament lawmakers that Google must improve its proposal to settle concerns over its search practices or that it will face formal antitrust charges, even though the commissioner has already acknowledged that a final decision on the case will now fall to his successor, reported The Wall Street Journal. Reference Link
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