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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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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
14:06 EDTGCINY Daily News hires Lazard to explore sale, Buzzfeed reports
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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
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
10:00 EDTIACIOn The Fly: Analyst Initiation Summary
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09:28 EDTGOOGSolarCity creates fund to finance $750M solar projects, Google invests $300M
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09:09 EDTTGTKohl's says some areas of U.S. 'reallly impacted by weather'
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06:56 EDTGOOGGoogle reportedly announcing Android Pay at May conference, Ars Technica says
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06:42 EDTGOOGGoogle unifies two separate European units, Financial Times reports
Google is unifying its two separate European arms following a more challenging and combative regulatory landscape, reports the Financial Times. Matt Britain, who had led the company's northern and western arm, will take over the running of the new business. Britain said the structure would allow the company to better respond to local conditions and opportunities. Reference Link
06:25 EDTGOOGYouTube revenue growing but did not contribute to earnings, WSJ reports
Google's YouTube posted 2014 revenue of $4B although it did not contribute to earnings, reports the Wall Street Journal, according to two people familiar with its financials. One step that may hope to boost viewership include playing more videos automatically, a feature that is expected to roll out shortly. Reference Link
06:18 EDTGOOGGoogle introduces Android for Work program
The company said on its Official Blog: "Over a billion people today carry Android smartphones -- devices that are more powerful than the computers we used just a few years ago. For many, these phones have become essential tools to help us complete important work tasks like checking email, editing documents, reviewing sales pipelines and approving deals. But for the majority of workers, smartphones and tablets are underutilized in the workplace. Their business and innovation potential remain largely untapped. We're announcing the Android for Work program to tap into that potential. With a group of partners, we're helping businesses bring more devices to work by securing, managing and innovating on the Android platform... Together with a wide range of management, application and device makers, we believe the Android for Work program provides businesses and workers with the choice and flexibility they need to get things done at work." Reference Link
06:06 EDTGOOGGoogle considering making investment in Jawbone, Re/code reports
Google is considering making a strategic investment in Jawbone, which makes wireless and wearable devices, sources tell Re/code. Jawbone has also been talking to other strategic investors, and the sources caution that talks with Google are preliminary. Reference Link
February 25, 2015
16:19 EDTIACIIAC initiated with an Underweight at Morgan Stanley
Target $48.
14:13 EDTGOOGGoogle unifying EU units amid regulatory pressures, FT says
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14:06 EDTGOOGMobileIron announces Cloud support for Android for Work
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14:03 EDTGOOGCitrix extends collaboration with Google to include Android for Work
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14:03 EDTGOOGBlackBerry says working with Google to enable BES12
BlackBerry Limited (BBRY) announced that it is working with Google (GOOG) to enable BES12: a cross-platform EMM solution by BlackBerry to manage devices equipped with Android for Work, Google's solution to securely separate business and personal data and applications. BES12 will provide organizations with the most secure and flexible way to manage Android for Work. Android for Work smartphones and tablets will be natively managed within the BES12 environment.
12:41 EDTGOOGGoogle introduces Google Flights
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12:31 EDTTGTOn The Fly: Midday Wrap
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11:18 EDTTGTTarget says worker wages 'competitive'
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11:10 EDTTGTTarget sees Q1 SSS up about 2%
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11:07 EDTTGTTarget says could be in a position to revisit stock buybacks later this year
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10:58 EDTTGTTarget says top priority is to drive digital sales growth
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09:48 EDTGOOGIDC reports 96.3% smartphone marketshare for iPhone, Android
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09:08 EDTTGTOn The Fly: Pre-market Movers
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08:54 EDTGOOGGoogle expected to propose new headquarters this week, NY Times says
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08:02 EDTTGTTarget says seeing early momentum in efforts to transform company
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08:01 EDTTGTTarget sees Q1 adjusted EPS 95c-$1.05, consensus $1.04
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08:01 EDTTGTTarget reports Q4 adjusted EPS $1.50, consensus $1.46
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08:00 EDTTGTTarget reports Q4 adjusted EPS $1.50, consensus $1.46
06:40 EDTGOOGGoogle acquires Toro, terms not disclosed
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06:01 EDTGOOGGlobal tablet shipments forecast at 221.4M units in 2015, DigiTimes says
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05:55 EDTTGTTarget implied volatility of 25 at upper end of index mean range
February 24, 2015
15:21 EDTTGTNotable companies reporting before tomorrow's open
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14:47 EDTTGTTarget technical comments ahead of earnings
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12:53 EDTTGTEarnings Preview: Target sees Q4 adjusted EPS $1.43-$1.47, above prior view
Target (TGT) is scheduled to report fourth quarter results before the market open on Wednesday, February 25, with a conference call scheduled for 10:30 am ET. Target offers merchandise at discounted prices through its retail stores and online business. EXPECTATIONS: Analysts are looking for earnings per share of $1.46 on revenue of $21.64B, according to First Call. The consensus range for EPS is $1.44-$1.49 on revenue of $21.42B-$21.94B. LAST QUARTER: Target reported third quarter adjusted EPS of 54c on revenue of $17.73B, against estimates for 47c and $17.56B, respectively. The company said U.S. segment comparable store sales were up 1.2% in Q3, reflecting digital sales growth of over 30%, with Canadian segment SSS up 1.6%. In an interview with CNBC following the earnings report, Chief Executive Officer Brian Cornell said that the company was "not happy" with Target Canada's performance and that the company has "upped our game" with respect to data security. Cornell said the company viewed Q4 as a "notable inflection point." NEWS: In January, Target announced that it plans to discontinue operating stores in Canada through its indirect wholly-owned subsidiary, Target Canada. The company said it expects to report approximately $5.4B of pre-tax losses on discontinued operations in Q4, driven primarily by the write-down of the company's investment in Target Canada, along with costs associated with exit or disposal activities and quarter-to-date Canadian Segment operating losses prior to today. Target expects to report approximately $275M of pre-tax losses on discontinued operations in FY15. Target expects this decision will increase its earnings in FY15 and beyond, and increase its cash flow in fiscal year 2016 and beyond. Based on performance through November and December, Target now expects to report Q4 U.S. comparable sales of approximately 3%, better than prior guidance of approximately 2%, driven primarily by increased traffic and stronger-than-expected digital sales. The company raised its Q4 adjusted EPS view to $1.43-$1.47 from $1.13-$1.23. The company said GAAP results are expected to include losses related to liquidation of Target Canada,net of taxes, net expenses related to the 2013 data breach, which are not expected to be material, the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the company’s credit card portfolio, which is expected to reduce GAAP EPS by approximately 2c. The company noted that the "vast majority" of exit costs from Canada are non-cash and said the exit will allow a quicker return to share repurchases. During the quarter, Target named Mike McNamara as executive VP and Chief Information Officer. Target said it is planning open 15 stores in FY15, including three distinct store formats: eight TargetExpress locations, one CityTarget and six general merchandise stores. The U.S. Supreme Court declined to hear a challenge by retailers including Target to the Federal Reserve's rules for debit card "swipe fees," meaning the U.S. Court of Appeals for the District of Columbia Circuit decision, which upheld the rules, will must be followed, said Reuters. New York Attorney General Eric Schneiderman sent a letter to Target and other retailers for "allegedly selling store brand herbal supplement products in New York that either could not be verified to contain the labeled substance, or which were found to contain ingredients not listed on the labels." The letters call for the retailers to "immediately stop the sale of certain popular products," including Echinacea, Ginseng, St. John’s Wort, and others. Target recently announced that all online orders of $25 or more now qualify for free shipping. Target agreed to pay $3.9M to settle a lawsuit alleging the company used inaccurate price scanners, misrepresented product weight, and charged higher prices than advertised, The San Francisco Gate reported, citing prosecutor statements. Target announced on its website that it will shutter its online streaming service Target Ticket on March 7. STREET RESEARCH: BofA/Merrill upgraded Target to Neutral from Underperform. The firm sees a more stable outlook for Target with the exit of the Canada division and expects the U.S. improvements to continue. RW Baird says that while Target's decision to exit Canada should help cash flows longer term, its view on the company's U.S. fundamentals remain unchanged. The firm says it's hard to call the company's above-plan Q4 comps "robust" given the easy compare. Wells Fargo believes that Target's decision to exit Canada came sooner than expected and removes a major ''weight off the shoulders'' of the company. The firm estimates Target's U.S. earnings can grow to as high as $5.50 in 2016. Stifel downgraded Target to Hold from Buy. The firm believes near-term tactical opportunities are play out and management commentary indicates investments will be necessary in order to modernize. PRICE ACTION: Target shares are up over 6.5% over the past three months. In early afternoon trading ahead of Wednesday's earnings report, shares are down 0.5% to $76.27.
07:37 EDTTGTTarget February weekly volatility elevated into Q4 and outlook
Target February weekly call option implied volatility is at 57, March is at 25, April is at 23, July is at 20; compared to its 26-week average of 20 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results on February 25.
07:14 EDTAOLCantor to hold a conference
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06:49 EDTGOOGGoogle bans sexually explicit content from websites hosted on Blogger
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06:39 EDTGOOGVisa Europe announces 'tokenisation service'
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06:34 EDTGOOGGoogle said to be rearranging engineers in Glass department, 9to5Google reports
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February 23, 2015
15:17 EDTAOLAOL iTunes login pact with Apple ending soon, AppleInsider says
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12:33 EDTGOOGAndroid antitrust lawsuit against Google dismissed, Reuters says
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12:28 EDTGOOGGoogle reaches deal with wireless carriers, acquires Softcard tech, Re/code says
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09:39 EDTGOOGActive equity options trading on open
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09:39 EDTGOOGYouTube confirms launch of kids app
Google's (GOOG, GOOGL) YouTube confirmed its launch of the YouTube Kids app, "the first Google product built from the ground up with little ones in mind," which the company said makes it safer and easier for children to find videos on topics they want to explore. The app is now available for free on Google Play and the App Store in the U.S. Reference Link
08:32 EDTTGTTarget lowers online free shipping minimum to $25
Target announced that, effective immediately, all online orders of $25 or more now qualify for free shipping, with virtually no exclusions. The new minimum is decreased from $50.
08:24 EDTGOOGGoogle Vietnam site disrupted by hackers, WSJ says
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06:31 EDTGOOGGoogle reaches preliminary agreement with Italian regulators, WSJ says
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February 20, 2015
07:42 EDTGOOGFDA authorizes 23andMe to market genetic testing for Bloom Syndrome
The U.S. Food and Drug Administration yesterday authorized for marketing Google-backed 23andMe’s Bloom Syndrome carrier test, a direct-to-consumer genetic test to determine whether a healthy person has a variant in a gene that could lead to their offspring inheriting the serious disorder. Along with this authorization, the FDA is also classifying carrier screening tests as class II. In addition, the FDA intends to exempt these devices from FDA premarket review. The agency plans to issue a notice that announces the intent to exempt these tests and that provides a 30-day period for public comment.
07:20 EDTTGTWal-Mart wage increase may pressure Target, Staples, Reuters says
Wal-Mart's (WMT) wage increase announcement will likely pressure the retail, fast-food, and restaurant sectors to potentially follow suit, reports Reuters, citing an Edward Jones analyst and the managing director of consultancy firm Strategic Resource Group. The analysts specifically named Target (TGT) and Staples (SPLS). Reference Link
06:22 EDTGOOGYouTube to release stand-alone app for kids, WSJ says
Google's YouTube is planning to release a smartphone and tablet app for kids featuring original episodes of television shows including "Thomas the Tank Engine" and "Sesame Street," as well as content from existing YouTube kids channels, reports the Wall Street Journal, citing a person familiar with the matter. The app -- slated for an official reveal Monday at the Kidscreen Summit -- will initially only be available for Android devices. The source said the inclusion of ads is "under discussion." Reference Link
February 19, 2015
09:14 EDTAOLAOL reports AOL Mail outages
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06:34 EDTGOOGYouTube to unveil paid music service soon, Reuters reports
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February 18, 2015
15:15 EDTGOOGAngie's List could be more attractive to buyers given traction, says Barrington
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11:49 EDTGOOGFacebook CEO would 'love to work with Google' on connectivity, Bloomberg says
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08:43 EDTIACIIAC, Qualcomm, Amazon seen as breakup candidates, Bloomberg says
Website holding company IAC/InterActiveCorp (IACI), chipmaker Qualcomm (QCOM), and e-commerce giant Amazon.com (AMZN) are all see by analysts as potential candidates for breakups or spin-offs, according to Bloomberg's "Real M&A" column. Reference Link
07:48 EDTGOOGYandex requests anti-trust investigation against Google, TechCrunch says
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07:06 EDTGOOGGoogle Capital hiring for India expansion, WSJ says
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06:20 EDTGOOGApple awarded patent for wireless head-mounted display, Financial Times reports
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February 17, 2015
12:12 EDTGOOGAT&T to match Google Fiber speed, pricing in Kansas City area, KC Star says
AT&T (T) announced on Sunday that it would offer Internet service in Kansas City and several of itssuburbs, with the same speed and pricing as Internet service provided by Google's Google Fiber service in the region, according to The Kansas City Star. Reference Link
10:31 EDTGOOGApple rises as analysts applaud reported auto ambitions
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09:22 EDTVRNGVringo announces litigation against ZTE transferred to Southern District of NY
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08:50 EDTGOOGGoogle launches Chinese YouTube channel for app developers, TechCrunch says
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February 15, 2015
13:19 EDTAOLAOL announces strategic partnership with The Players’ Tribune
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February 13, 2015
17:05 EDTGOOGAppaloosa gives quarterly update on stakes
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16:43 EDTGOOGGoogle founders Larry Page, Sergey Brin each plan to sell 2M shares of stock
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16:35 EDTAOLS&P closes at all-time high as stocks run winning streak to second week
The major stock averages gained for the second week in a row, sending the S&P 500 to a new all-time high in the process. With the weekly advance, the major averages wiped out all their losses since the beginning of the year and moved into the green for 2015. MACRO NEWS: The U.S. economic calendar was relatively quiet during this week. Retail sales decreased 0.8% in January, versus expectations for a 0.4% decline. Initial jobless claims rose 25K to 304K in the week ended January 7. Consumer sentiment fell to 93.6 in the preliminary February release from the University of Michigan survey, versus expectations for the reading to hold at the 98.1 it achieved in January... In Europe, Russian, Ukrainian, German and French leaders came to terms on a cease-fire to begin Sunday. Eurozone GDP grew by 0.3% in the last three months of 2014, which was a bit faster than expected, largely due to strong upside in Germany. A Eurogroup meeting failed to reach a final bailout deal for Greece, but reports afterward seemed to have an optimistic tone about the continuation of talks. Sweden’s Riksbank became the latest central bank to cut interest rates and said it would undertake a program of sovereign bond buying... In China, foreign trade volume declined 10.8% year-on-year in January, with exports dropping 3.2% and imports slumping 19.7%. COMPANY NEWS: Coca-Cola (KO), PepsiCo (PEP), Zoetis (ZTS), Mondelez (MDLZ), and Groupon (GRPN) were among the companies whose stocks reacted positively to their quarterly earning reports. Conversely, the shares of Pier 1 Imports (PIR), AOL (AOL) and Zynga (ZNGA) fell after they reported their results... Dow member American Express (AXP) fell sharply after the company announced that its U.S. co-brand and merchant acceptance agreements with Costco (COST) are set to end in March of next year. Costco has been one of the few big U.S. merchants that to-date had accepted AmEx cards exclusively. Afterward, American Express said that the company now expects that overall earnings growth in 2015 will likely be "flat to down modestly" year-over-year... Another member of the blue chip index, McDonald's (MCD), dropped after reporting that its comparable sales declined 1.8% in January. As part of the overall results, U.S. same-store sales grew 0.4%, but Asia/Pacific, Middle East and Africa comparable sales dropped 12.6%... General Motors (GM) shares rose after the company confirmed that Harry Wilson intends to nominate himself as candidate for the GM board and bring before the annual meeting a proposal that the company commit to completing $8B of share repurchases... On the M&A front, Interxion (INXN) advanced after the company agreed to an all-share merger with U.K. peer TelecityGroup, after which Interxion shareholders will owning approximately 45% of the combined group. Rite Aid (RAD) rose after the pharmacy retail chain agreed to buy EnvisionRx from TPG for $2B and re-enter the pharmacy benefit management space it had previously exited. INDEXES: For the week, the Dow rose 1.09% to 18,019.35, the Nasdaq gained 3.14% to 4,893.84, and the S&P rose 2% to 2,096.99.
12:40 EDTGOOGGoogle says to shut down Google Helpouts on April 20
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09:33 EDTGOOGMattel, Google confirm View-Master toy collaboration
Mattel (MAT), at the Toy Industry Association’s Toy Fair in New York, unveiled a collaboration with Google (GOOG, GOOGL) via which the two will launch a new "virtual reality" View-Master toy. Available fall 2015, consumers can purchase the View-Master viewer and a sample experience reel for SRP $29.99. Additional experience reel packs will be sold separately at retail for SRP $14.99.
06:27 EDTGOOGGoogle volatility at low end of historic range
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06:14 EDTGOOGSamsung, HTC, others to launch non-Android Wear smart devices, DigiTimes says
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06:14 EDTGOOGGoogle to push 2-in-1 Chromebook development in 2015, DigiTimes Research reports
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February 12, 2015
09:04 EDTVRNGVringo pays bond to continue enforcement of injunction against ZTE in Romania
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06:38 EDTGOOGGoogle gives Apple, Microsoft 90 days to fix security flaws, Bloomberg says
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06:11 EDTGCIGannett's USA Today local editions to be included in non-company news material
Gannett's USA Today newspaper has signed partnership deals with several non-Gannett news organizations to include the USA Today Local Edition as part of their print and digital offering to readers. Among the outside media groups adopting USA Today’s network affiliate model is Schurz Communications, which will begin including the Local Edition in daily newspapers across seven states. Over the last year, USA Today has included its Local Edition inside the print and e-Editions of 35 local Gannett daily publications across the country. Other media organizations will also supplement with USA Today Personal Finance content beginning February 15.
06:06 EDTGOOGAndroid smartwatches underperform, Re/code says
Research firm Canalys reports that only 720,000 Google Android-powered smartwatches shipped last year, reports Re/code. Analyst Chris Jones faulted poor battery life and uncompelling software functionality. Reference Link
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