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Stock Market & Financial Investment News

News Breaks
October 9, 2012
05:55 EDTWIT, WIT, BBY, BBY, SYMC, SYMCEventShows to host a summit
2012 Cyber Security Summit is being held in Minneapolis on October 9-10.
News For WIT;BBY;SYMC From The Last 14 Days
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March 30, 2015
08:01 EDTBBYBest Buy Canada changes could be quite profitable in long-term, says RBC Capital
After Best Buy announced major changes to its Canada business, RBC Capital says that the changes could more than double the company's international EBIT. The firm continues to recommend buying Best Buy's stock.
March 29, 2015
20:18 EDTBBYBest Buy sees FY16 EPS lower by 10c-20c due to Canada consolidation
Best Buy Canada, a subsidiary of Best Buy– which owns and operates both Best Buy and Future Shop stores – announced earlier that it is consolidating the Future Shop and Best Buy stores and websites under the Best Buy brand. The company also expects its GAAP and non-GAAP diluted earnings per share to be negatively impacted in FY16 in the range of 10c to 20c due primarily to a temporary increase in operational expenses associated with consolidation activities and store disruptions resulting from our investments to support the Best Buy multi-channel customer experience. Due to the transitional nature of the majority of these costs, the company does not expect this negative EPS impact to continue into future years. Consensus for Best Buy's FY16 EPS is currently $2.56 per share.
13:19 EDTBBYBest Buy Canada announces consolidation of Future Shop and Best Buy stores
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March 26, 2015
09:02 EDTBBYSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Sam’s Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
06:01 EDTBBYBest Buy implied volatility of 27 at lower end of index mean range
March 25, 2015
08:54 EDTSYMCNetApp Arista among potential takeover targets for EMC, says RBC Capital
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06:05 EDTBBYBest Buy implied volatility of 26 at lower end of index mean range
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March 24, 2015
07:27 EDTBBYTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
March 20, 2015
15:40 EDTSYMCMore cybersecurity firms to come public amid high market demand, Reuters says
With shares of publicly traded cybersecurity companies having recently outperformed the market, a number of privately-held IT security names, including Rapid7, LogRythm and Mimecast, plan to go public in 2015 amid the high level of investor interest, said Reuters, citing people familiar with the matter. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
March 19, 2015
09:02 EDTWITWipro says selected by Greater Cincinnati Water Works
Wipro announced that it has been selected by the United States-based utility company, Greater Cincinnati Water Works as its IT partner for the utility’s CRM, Billing and Service Bureau operations. Wipro will design, build, host and deploy a Customer Information System for Greater Cincinnati Water Works in a Platform as a Service model. The company will also maintain the solution for Greater Cincinnati Water Works for a period of five years after the initial implementation. Unlike conventional capex-heavy commercial models, Wipro’s solution is being offered in an Opex-based, pay-per-use pricing model, which is linked to the actual volume of customers served by Greater Cincinnati Water Works.
March 17, 2015
15:03 EDTWITWipro takes minority stake in Drivestream
Wipro (WIT) and Drivestream announced that they have signed an agreement to enter into a strategic partnership to build an integrated Cloud Solutions stack for customers. As part of this arrangement, Wipro is investing $5M in Drivestream, a leading Oracle (ORCL) cloud applications systems integrator. This is part of Wipro’s strategic drive to actively participate in the external innovation eco-system, for which the company has set up Wipro Ventures, a $100M fund focused on investing in disruptive start-ups.
10:59 EDTBBYBest Buy calls active on activist investor speculation
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10:54 EDTBBYRumor: Best Buy moves up on activist investor speculation
Shares of Best Buy are moving higher amid speculation Carl Icahn may have acquired a stake in the company.
09:05 EDTBBYMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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