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Stock Market & Financial Investment News

News Breaks
June 27, 2014
12:24 EDTGOOG, VRSNVeriSign slumps after Wells Fargo cuts rating
Shares of Internet infrastructure service provider VeriSign (VRSN) are sliding after Wells Fargo downgraded the stock in a note to investors earlier today. WHAT'S NEW: VeriSign's domain name growth appears to be falling a bit lower than the midpoint of second quarter expectations and competition from new gTLDs could be influencing overall growth to some degree, Wells Fargo analyst Gray Powell wrote. Generic top-level domains, or gTLDs, are one of the categories of top-level domains maintained by the Internet Assigned Numbers Authority for use in the Domain Name System of the Internet. The company is tracking toward about 400K domain name additions in the upcoming quarter, which is lower than the 550K guidance midpoint, said the analyst, citing ICANN zone files. The analyst also noted that other domain names that will possibly be more popular haven't yet been launched. He downgraded the stock to Market Perform from Outperform and lowered his price target range on the shares to $51-$55 from $56-$60. WHAT'S NOTABLE: Powell noted that Google's (GOOG) recently announced domain program could be a good thing for VeriSign, as small businesses buy more .com and .net web domains. However, the analyst said that if Google sells higher profile domains at larger discounts or gives them away for free, it could result in more competition to VeriSign's .com and .net domains starting late next year. PRICE ACTION: In afternoon trading, VeriSign fell $1.53 or 3%, to $49.20.
News For VRSN;GOOG From The Last 14 Days
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May 19, 2015
09:51 EDTGOOGYelp early strength attributed to talk of buyout
The early move higher in shares of Yelp is being attributed to speculation that Google (GOOG) may have interest in acquiring the online review site. The Wall Street Journal on May 7 reported that Yelp has hired banks to explore a sale. Shares of the company are up $1.05 to $47.61 in early trading.
08:20 EDTGOOGVerizon CFO sees net phone additions in Q2
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06:59 EDTGOOGYouTube Kids app receives complaints of 'inappropriate content', WSJ says
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May 18, 2015
11:47 EDTGOOGAmazon unlikely hurt by Google Buy button in next 3 years, says Piper Jaffray
Piper Jaffray analyst Gene Munster said he does not expect Google's (GOOG) addition of a "Buy" button for mobile e-commerce hurting Amazon.com (AMZN) over the next 1 to 3 years, but he does believe Google's plan presents a longer-term threat to "chip away" at Amazon's growth rate. However, Munster thinks it will be "next to impossible" for Google to replicate Amazon's core infrastructure and customer experience and he keeps an Overweight rating and $475 price target on Amazon shares.
08:22 EDTGOOGVerizon deal has multiple positive catalysts, says Wells Fargo
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07:59 EDTGOOGGoogle Buy button a natural fit for mobile shopping listings, says Baird
Baird noted Google added a Buy button to accompany mobile product listings and believes it will improve the company's e-commerce search competitiveness. Baird reiterated its Outperform rating and $690 price target on Google shares.
May 17, 2015
18:56 EDTGOOGGoogle to feature 'buy' button in sponsored search results, WSJ says
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16:50 EDTGOOGWhite House wavers on backing Google, Oracle in copyright suit, Reuters says
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May 15, 2015
16:28 EDTGOOGAppaloosa Management gives quarterly update on stakes
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08:46 EDTGOOGMobile operators ad blocking plan sets up fight with Google, FT reports
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07:22 EDTGOOGGoogle's self-driving cars to roll out in California this summer, Re/code says
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06:24 EDTGOOGGoogle Glass team may be focusing on multiple wearable products, BI reports
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May 14, 2015
19:04 EDTGOOGMicrosoft announces mobile-friendly search result changes
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12:03 EDTGOOGVringo seeks Supreme Court review of reversal of judgment against Google
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11:01 EDTGOOGADT Corp. announces product integration with Google's Nest
ADT (ADT) announced today a product integration with Nest (GOOG). Launching this summer, the integration will be another example of ADT’s continued desire to open up its ecosystem, paving the way for future opportunities.
09:34 EDTGOOGActive equity options trading on open
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06:09 EDTGOOGGoogle's PR chief Whetstone leaves for Uber, WSJ reports
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May 13, 2015
15:43 EDTGOOGGoogle moves corporate applications to cloud, WSJ says
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08:00 EDTGOOGGoogle fight with EU over 'right to forget' may end up back in court, WSJ says
Google has set up a detailed process to comply with the European Union's "right to forget" rules and removed hundreds of thousands of links in search results for people's names from the European versions of its search engine, but European regulators argue that the company is undermining the decision by not applying it globally, reported The Wall Street Journal. Google says it wants to avoid seting a precedent that one region can set global rules for the Internet and the fight may end up back in court, the report added. Reference Link
06:11 EDTGOOGBoeing ends work on only small satellite program, WSJ reports
Boeing is no longer working on a program for HySpecIQ, a private equity-backed startup, which had ordered two Boeing 502 Phoenix satellites that were expected to be launched in 2018, The Wall Street Journal reports. Boeing has ended work on the imaging spacecraft, its only small satellite order, due to the downturn in the natural resources market, the publication adds.
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