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Stock Market & Financial Investment News

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May 6, 2014
04:55 EDTVZ, VZ, VZ, AKAM, AKAM, AKAM, CYNI, CYNI, CYNI, CALX, CALX, CALX, ELNK, ELNK, ELNK, NATI, NATI, NATI, MSFT, MSFT, MSFT, EHTH, EHTH, EHTH, CCOI, CCOI, CCOI, VVTV, VVTV, VVTVJefferies to hold a conference
Global Technology, Media & Telecom Conference is being held in Miami on May 6-8 where former President Bill Clinton will deliver the keynote address on May 6 at 10;30 am.
News For VZ;CCOI;EHTH;MSFT;NATI;ELNK;CALX;CYNI;AKAM;VVTV From The Last 14 Days
Check below for free stories on VZ;CCOI;EHTH;MSFT;NATI;ELNK;CALX;CYNI;AKAM;VVTV the last two weeks.
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July 18, 2014
08:38 EDTVZVerizon added to Triple Play list at Oppenheimer
Oppenheimer added Verizon (VZ) to its Triple Play list. The firm says its triple play stocks are rated Outperform, screen positively based on trends in earnings revisions and have an attractive technical profile. The firm removed Riverbed (RVBD) from the list after it downgraded that stock.
07:22 EDTMSFTTotal June video game sales up 24%, spending on games down 3%, VentureBeat says
Sales of physical video game products, including consoles, games and accessories, rose 24% from the same month of last year to $736.4M in the U.S. in June, reported VentureBeat, citing NPD Group data. Spending on games slid 3% year-over-year to $286.8M, the report noted, with NPD stating that sales of launch titles this June "did not compare favorably" to those launched in 2013. The report also noted that PS4 again outsold Xbox One in the month. Publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Sony (SNE) and Microsoft (MSFT). Reference Link
06:06 EDTMSFTXbox Live, PlayStation Network users report connectivity issues, Re/code says
Xbox Live (MSFT) and PlayStation Network (SNE) users yesterday reported problems with connecting to their online services, Re/code reports. The connectivity issues could be connected to the start of a beta period for the upcoming Bungie-Activision (ATVI) game Destiny, the publication says. Reference Link
06:06 EDTMSFTSony confirms PlayStation4 is top selling next-gen consol in June for U.S.
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05:57 EDTVZLevel 3 says Verizon 'deliberately' causing Netflix congestion
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July 17, 2014
17:57 EDTMSFTMicrosoft still looks attractive, Barron's says
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16:52 EDTMSFTOn The Fly: Closing Wrap
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16:01 EDTMSFTOptions Update; July 17, 2014
iPath S&P 500 VIX Short-Term Futures up 2.66 to 29.93. Option volume leaders: AAPL FB GOOG APA MSFT PBR SUNE AMZN TWTR TSLA according to Track Data.
13:20 EDTMSFTMicrosoft to shutter Xbox Entertainment Studios, Re/code reports
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13:18 EDTMSFTOn The Fly: Midday Wrap
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11:01 EDTVZVerizon Wireless, ControlTec announce partnership
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09:40 EDTMSFTActive equity options trading on open
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09:15 EDTMSFTOn The Fly: Pre-market Movers
HIGHER: Dresser-Rand (DRC), up 15.5% after Manager Magazin says Siemens (SIEGY) preparing bid for the company. Other oil equipment companies with a market cap similar to Dresser-Rand's include Dril-Quip (DRQ) and Oil States (OIS)... Microsoft (MSFT), up 3.4% after announcing restructuring, including plans to cut up to 18K jobs. UP AFTER EARNINGS: Morgan Stanley (MS) up 1.5%... Sherwin-Williams (SHW), up 3%. DOWN AFTER EARNINGS: Mattel (MAT), down 7.3%... Sandisk (SNDK), down 7%... Yum! Brands (YUM), down 2.5%. LOWER: Orbitz (OWW), down 3% after results, 34M share spot secondary offering of stock priced at $8.25... Benefitfocus (BNFT), down 1% after 2.5M share Secondary priced at $38.50.
08:39 EDTMSFTMicrosoft shifting some Nokia X designs to Lumia products running Windows
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08:25 EDTMSFTMicrosoft CEO says plans to have fewer layers of management
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08:25 EDTMSFTMicrosoft CEO says decision to change "difficult, but necesary"
In am email to Microsoft employees on the integration of Nokia Devices and Services, CEO Satya Nadella said "The first step to building the right organization for our ambitions is to realign our workforce. With this in mind, we will begin to reduce the size of our overall workforce by up to 18,000 jobs in the next year. Of that total, our work toward synergies and strategic alignment on Nokia Devices and Services is expected to account for about 12,500 jobs, comprising both professional and factory workers. We are moving now to start reducing the first 13,000 positions, and the vast majority of employees whose jobs will be eliminated will be notified over the next six months. It’s important to note that while we are eliminating roles in some areas, we are adding roles in certain other strategic areas... Our workforce reductions are mainly driven by two outcomes: work simplification as well as Nokia Devices and Services integration synergies and strategic alignment. First, we will simplify the way we work to drive greater accountability, become more agile and move faster. As part of modernizing our engineering processes the expectations we have from each of our disciplines will change. In addition, we plan to have fewer layers of management, both top down and sideways, to accelerate the flow of information and decision making. This includes flattening organizations and increasing the span of control of people managers... Second, we are working to integrate the Nokia Devices and Services teams into Microsoft. We will realize the synergies to which we committed when we announced the acquisition last September. The first-party phone portfolio will align to Microsoft’s strategic direction. To win in the higher price tiers, we will focus on breakthrough innovation that expresses and enlivens Microsoft’s digital work and digital life experiences. In addition, we plan to shift select Nokia X product designs to become Lumia products running Windows." Reference Link
08:13 EDTMSFTMicrosoft to cut 18K jobs, sees restructuring charge of $1.1B-$1.6B
Microsoft announced a restructuring plan to simplify its operations and align the recently acquired Nokia Devices and Services business with the company's overall strategy. These steps will result in the elimination of up to 18,000 positions over the next year. Of the total, about 12,500 professional and factory positions will be eliminated through synergies and strategic alignment of the Nokia Devices and Services business acquired by Microsoft on April 25. The actions associated with the plan are expected to be substantially complete by Dec. 31, 2014, and fully completed by June 30, 2015. The company expects to incur pre-tax charges of $1.1B-$1.6B over the next four quarters, including $750M-$800M for severance and related benefit costs, and $350M-$800M of asset-related charges.
08:11 EDTMSFTMicrosoft to cut 18K jobs, sees pretax charge of $1.1B-$1.6B
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08:00 EDTMSFTMicrosoft says Xbox One sales more than double in June from prior month
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05:58 EDTMSFTMicrosoft layoffs could be announced today, NY Times reports
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