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Stock Market & Financial Investment News

News Breaks
August 21, 2014
18:02 EDTWIT, CAWipro, CA Technologies partner to deliver testing solutions for DevOps
Wipro (WIT) and CA Technologies (CA) announced that they have expanded their strategic partnership to jointly deliver next generation DevOps solutions for testing. The partnership will enable Wipro to leverage the expanded portfolio of CA Technologies, including service virtualization, release automation/continuous delivery, continuous validation and continuous monitoring solutions to help customers optimize their application development and delivery processes with a DevOps strategy.
News For WIT;CA From The Last 14 Days
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January 29, 2015
10:00 EDTWITOn The Fly: Analyst Downgrade Summary
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January 28, 2015
17:11 EDTWITWipro downgraded to Underperform from Hold at Jefferies
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January 26, 2015
09:14 EDTWITRiT Technologies and Wipro sign cooperation agreement
RiT Technologies (RITT) announced that it has signed an MOU with Wipro (WIT). Under the agreement, the parties will cooperate in identifying relevant projects in India and customizing their integrated solutions for projects, to maximize their business in India. The cooperation between RiT and Wipro seeks to address challenges faced by IT departments in dynamic, complex and geographically distributed environments, along with the rising demand for bandwidth, storage and computing power with limited space and resources. RiT is forming this partnership as a result of the growing demand in India for innovative IT solutions. IT spending in India is projected to reach a total of $73.3 billion in 2015, a 9.4 percent increase from the $67.1 billion forecast for 2014, according to Gartner.
January 23, 2015
16:55 EDTCAMarket ends week higher after ECB announces bond purchase plan
Stocks finished higher for the week after the European Central Bank unveiled a larger than expected bond buying plan and earnings season in the U.S. picked up steam. MACRO NEWS: The European Central Bank announced that it would buy EUR 60B of government and private bonds per month through September 2016. Reports before the ECB's official announcement had suggested that the central bank would buy EUR 50B of bonds per month... On a negative note, the International Monetary Fund cut its 2015 global growth outlook to 3.5% from 3.8%... U.S. economic data was mixed, as weekly jobless claims and sales of existing homes in December were worse than expected, but the index of leading economic indicators and new housing permits for December came in above the consensus outlook. COMPANY NEWS: Netflix (NFLX), Starbucks (SBUX), firearm maker Smith & Wesson (SWHC), and Southwest Airlines (LUV) were among the companies whose stocks rose following their results and guidance. On the other side of the ledger, Johnson & Johnson (JNJ), IT management solution provider CA Technologies (CA), UPS (UPS), and application delivery networking products maker F5 Networks (FFIV) were among the companies that fell after they reported their earnings or updated their financial outlooks... M&A reports moved a number of stocks this week. The Financial Post reported that Samsung (SSNLF) had hired investment bank Evercore (EVR) to evaluate a purchase of the troubled Canadian company. Samsung is still considering purchasing BlackBerry (BBRY), the newspaper added. However, Canada's BNN reported that Evercore said that Samsung has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord." Avon (AVP) has held talks about a potential sale to private equity firm TPG Capital, dealReporter stated. Bloomberg reported that online travel agency Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and other Internet companies... DreamWorks Animation (DWA) tumbled after announcing a new strategic plan that will see it cut its feature production from three films per year down to two and axe about 500 jobs. INDEXES: For the week, the Dow dipped 0.37% to 17,672.60, the Nasdaq rose 1.14% to 4,757.88, and the S&P gained 0.34% to 2,051.82.
January 22, 2015
06:52 EDTCACA Technologies management to meet with Maxim
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January 21, 2015
16:35 EDTCAOn The Fly: Closing Wrap
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13:03 EDTCACA Technologies trades sharply lower post-earnings, levels to watch
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January 20, 2015
16:09 EDTCACA Technologies sees FY15 EPS $2.45-2.52, consensus $2.44
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16:06 EDTCACA Technologies reports Q3 EPS 67c, consensus 60c
Reports Q3 revenue $1.09B, consensus $1.09B.
15:21 EDTCANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.

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