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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
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October 13, 2014
07:22 EDTGOOGSony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
06:44 EDTGOOGGoogle testing feature that allows video chats with doctors, Engadget reports
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06:44 EDTGOOGGoogle could announce new Nexus tablet on October 15, 9to5Google reports
Google's new Nexus tablet may be announced on Wednesday, October 15, 9to5Google reports, citing Bright Side of News. The HTC-made tablet is rumored to cost $400. Reference Link
October 10, 2014
09:12 EDTGOOGGoogle could be worth trillion dollars by 2020, says BGC Financial
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07:55 EDTGOOGJapan court orders Google to remove search results, AP reports
Japan has ordered Google to remove search results that hinted at a man's relations with a criminal organization because his privacy rights were violated, reports the Associated Press. Google spokesman Taj Meadows said the company has a standard process for removal requests and will review the Tokyo court injunction. Reference Link
06:52 EDTGOOGGoogle allowed to face Rockstar in California court, Reuters says
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06:26 EDTGOOGGoogle to release its largest smartphone, WSJ reports
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October 9, 2014
16:49 EDTGOOGOracle hires former director of engineering from Google, Re/code reports
Oracle (ORCL) hired Peter Magnusson, former director of engineering at Google (GOOG) and VP of engineering at Snapchat, two weeks ago in a move to improve its cloud computing business, Re/code reports, citing sources familiar with the move. Reference Link
14:37 EDTGOOGYahoo looking to make Tumblr another YouTube, Business Insider says
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06:29 EDTGOOGIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTGOOGGoogle's tax arrangement facing new challenge by France, WSJ reports
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October 8, 2014
09:48 EDTGOOGGoogle says new movies can be pre-ordered, watched on first day of availibility
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07:46 EDTGOOGcomScore well positioned for change, says Brean Capital
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October 7, 2014
13:45 EDTGOOGVringo says several important events scheduled for Q4
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13:33 EDTGOOGGoogle executive says Google+ here to stay, Re/code reports
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09:18 EDTGOOGRackspace partnership with Google positive for sentiment, says Wells Fargo
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09:03 EDTGOOGRackspace to offer managed IT services support for full Google Apps for Work
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08:03 EDTGOOGVonage announces appointment of Alan Masarek as CEO
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07:48 EDTGOOGU.S. Chamber of Commerce to hold a discussion
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06:07 EDTGOOGYouTube may still be interested in programming for kids, Re/code reports
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