New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 27, 2014
12:24 EDTVRSN, GOOGVeriSign 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
Check below for free stories on VRSN;GOOG the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
August 26, 2014
07:57 EDTGOOGGoogle still has multiple positive catalysts, says Bernstein
Subscribe for More Information
August 25, 2014
14:05 EDTGOOGAmazon has agreed to buy videogame site Twitch for more than $1B, WSJ reports
Subscribe for More Information
13:08 EDTGOOGAmazon in late-stage talks to buy Twitch, The Information reports
Subscribe for More Information
07:44 EDTGOOGMobileIron could benefit from BlackBerry replacements, says Deutsche Bank
Subscribe for More Information
06:00 EDTGOOGMicrosoft readying Chromecast competitor, GigaOM reports
Microsoft (MSFT) is building a competitor to Chromecast (GOOG), GigaOM reports, citing documents filed last week with the FCC. The documents reveal that the streaming dongle will come with an HDMI port, Wi-Fi and a USB connection for power supply. Reference Link
August 24, 2014
21:53 EDTGOOGNational Association of Chain Drug Stores to hold an expo
2014 NACDS Total Store Expo to be held in Boston on August 23-25.
16:46 EDTGOOGChina looks to establish 'homegrown operating system,' Reuters says
China is looking to help its computer technology industry by developing its own "homegrown operating system by October," says Reuters. China's "homegrown operating system" would pose a challenge to imported rivals like Microsoft (MSFT), Google (GOOG) and Apple (AAPL), added Reuters. Reference Link
14:09 EDTGOOGAmazon develops ad sales program in challenge to Google and Microsoft, WSJ says
Amazon (AMZN) is developing its own software for placing ads online that may utilize the online retailer's knowledge of millions of Web shoppers, says the Wall Street Journal. Amazon's new ad platform which is called Amazon Sponsored Links may be tested this year and is a potential challenge to Google's (GOOG) and Microsoft's (MSFT) advertising business, added the Wall Street Journal. Reference Link
August 22, 2014
15:15 EDTGOOGGoogle wins victory in German publisher complaint, Re/code says
Subscribe for More Information
13:53 EDTGOOGGoogle acquires Gecko Design
Subscribe for More Information
August 21, 2014
06:21 EDTGOOGGM product chief thinks Google might become 'threat,' Bloomberg says
Subscribe for More Information
06:05 EDTGOOGGoogle unit leads $100M infusion in Thumbtack, WSJ reports
Google's Google Capital unit is leading a $100M funding round in Thumbtack, a services marketplace, the Wall Street Journal reports. The investment, which also includes Tiger Global Management and Sequoia Capital, values Thumbtack at over $800M. Reference Link
August 20, 2014
13:46 EDTGOOGVerizon looking to build app store, The Information says
Verizon (VZ) is looking to partner with other companies to build an app store, according to The Information. Verizon's app store would compete with Google (GOOG) and Apple (AAPL), which already sell smartphone software, The Information noted. Reference Link
09:24 EDTGOOGVringo intends to seek en banc review of decision in I/P Engine case
Vringo (VRNG) announced that its wholly-owned subsidiary I/P Engine, Inc. intends to file a petition with the United States Court of Appeals for the Federal Circuit seeking en banc review of the split appellate decision in its case against AOL (AOL), Google (GOOG) et al. that issued on August 15 and reversed the judgment of the United States District Court for the Eastern District of Virginia. Under the Federal Circuit's rules, I/P Engine's petition for en banc review is due on September 15. I/P Engine has filed an unopposed motion seeking a 30-day extension, which would make its petition due October 15. Upon receiving the requested extension, I/P Engine may file the petition on or anytime prior to October 15.
07:01 EDTGOOGGarmin introduces first Android-based fleet navigators
Subscribe for More Information
06:36 EDTGOOGIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
August 19, 2014
06:50 EDTGOOGImages show impending Google music subscription service, Android Police says
Subscribe for More Information
06:13 EDTGOOGContinental AG hires Google's Seval Oz to lead new division, WSJ reports
Subscribe for More Information
05:57 EDTGOOGGoogle to offer accounts to children under 13, WSJ reports
Subscribe for More Information
August 18, 2014
13:12 EDTGOOGMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use