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Stock Market & Financial Investment News

News Breaks
November 26, 2013
07:20 EDTMSFT, WMTCEO turnover highest since 2008, Bloomberg reports
U.S. corporations are changing CEOs at the fastest pace in five years as companies from Wal-Mart Stores (WMT) to Microsoft (MSFT) deal with shifting customer tastes, competition from upstarts and restive shareholders, reports Bloomberg.Reference Link
News For WMT;MSFT From The Last 14 Days
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April 17, 2014
09:08 EDTWMTWalmart introduces new money transfer service in partnership with Euronet
Walmart (WMT) and Ria, a subsidiary of Euronet Worldwide (EEFT), announced the launch of Walmart-2-Walmart Money Transfer Service. Available April 24, the new service allows customers to transfer money to and from more than 4,000 Walmart stores nationwide for "up to 50% less than similar offerings on the market," the company said. Walmart-2-Walmart offers a fee structure with just two pricing tiers: customers can transfer up to $50 for $4.50 and up to $900 for $9.50.
08:51 EDTWMTWal-Mart announces money transfer service
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07:32 EDTWMTMoneyGram to host conference call
Conference call to discuss Walmart's announcement of new service offering will be held on April 17 at 9 am. Webcast Link
06:24 EDTWMTWal-Mart, Euronet to announce new service today
Walmart (WMT) and Euronet (EEFT) last night announced that they will hold a conference call today to announce a new service. "Walmart and Euronet are committed to providing innovative solutions to help customers reduce costs and better manage their money," the press release stated. Shares of Euronet rallied 77c to $41.56 in after-hours trading following the news.
06:20 EDTWMTWal-Mart and Euronet host conference call
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April 16, 2014
07:46 EDTMSFTMicrosoft announces new products, CEO describes vision for 'data culture'
In a blog post from yesterday entitled "A data culture for everyone," Microsoft CEO Satya Nadella laid out his vision for the way his company can help other corporations develop a "data culture" and provided highlights of the company's launch of SQL Server 2014, Analytics Platform System, and Azure Intelligent Systems Service. In the blog, Nadella states, "We believe that with the right tools, insights can come from anyone, anywhere, at any time...We are all experiencing the explosion of data driven by ubiquitous computing. We all crave easier and faster ways to turn that data into fuel for insight, and to realize the potential of ambient intelligence for every individual and every organization. Today marks a big step toward, and we’re going to keep moving quickly." Reference Link
07:30 EDTMSFTVMware, Citrix may be threatened as OpenStack momentum builds, WSJ says
OpenStack supporters say the open-source operating system can bring the ease of use and agility offered by cloud-service vendors, while using a company's own server systems, and if it continues to be adopted OpenStack could pose a threat to companies to offer data center software and services including VMware (VMW), Citrix Systems (CTXS), Amazon.com (AMZN), Microsoft (MSFT) and others, said The Wall Street Journal. Reference Link
07:07 EDTMSFTAmazon, Google, Microsoft cut prices for cloud computing products, WSJ says
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April 15, 2014
15:53 EDTMSFTFord's new My Touch with BlackBerry software slated for year end, WSJ says
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08:07 EDTMSFT21Vianet announces general availability of Microsoft Office 365 in China
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05:38 EDTWMTWal-Mart downgraded to Underperform from Market Perform at William Blair
William Blair downgraded its rating on Wal-Mart (WMT) to Underperform from Market Perform citing risks with e-commerce competition and the prospect of sector rotation away from retailers. William Blair says retail sales were sluggish in Q1 with weak consumer confidence for low-income households.
April 14, 2014
10:02 EDTMSFTOn The Fly: Analyst Downgrade Summary
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05:36 EDTMSFTMicrosoft downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded its rating on Microsoft (MSFT) to Hold from Buy citing valuation and concerns over the closing of the Nokia unit acquisition. The firm has a $42 price target for shares.
April 11, 2014
07:09 EDTWMTLi & Fung collaborates with Citigroup on brand unit spinoff, Bloomberg says
Li & Fung (LFUGF)) is said to be collaborating with Citigroup (C) to spin off its brands division, which is valued at nearly $2B, according to Bloomberg, citing people with knowledge of the matter. The company's brand unit sells clothing and toys to retailers such as Wal-Mart (WMT) and Kohl's (KSS). Reference Link
April 10, 2014
13:14 EDTWMTFamily Dollar slides after holiday disappointment prompts store closures
Shares of discount retailer Family Dollar (FDO) are falling after the company reported second quarter earnings per share and revenue that fell below expectations, along with third quarter and FY14 projections that are lower than analysts' consensus. WHAT'S NEW: This morning, Family Dollar reported second quarter earnings per share of 80c, which fell below analysts consensus of 90c. The company reported second quarter revenue of $2.72B, while analysts projected $2.77B. Family Dollar, which reported that its second quarter same-store-sales decreased by 3.8%, said the holiday season was challenged by "a more promotional competitive environment and a more financially constrained consumer" and that its results were also significantly impacted by severe winter weather like many retailers. The company expects third quarter earnings per share excluding-items to be 85c-95c, while analysts project a 98c consensus. Family Dollar said that it sees FY14 earnings per share excluding items to be $3.05-$3.25, which is at the lower end of analysts' estimations. Family Dollar noted that it expects to close nearly 370 underperforming stores in the second half of FY14 and slow new store growth beginning in FY15. WHAT'S NOTABLE: During Family Dollar's earnings conference call, the company said that it plans to slow square footage growth in the beginning of FY14 and said that it recently cut about 10% of its corporate workforce. ANALYST OPINION: Wells Fargo analyst Matt Nemer said Family Dollar's third quarter negative comp guidance and commentary about a challenging macro environment could pressure its own shares as well as those of its peers Dollar General (DG) and Dollar Tree (DLTR). However, Family Dollar's store closures combined with a decrease in future store growth could ultimately have positive implications for its competitors, Nemer added. On March 4, Credit Suisse said Family Dollar's underperformance compared to Dollar General and significant earnings possibilities gives the rationale for a potential merger of the two. On February 19, Credit Suisse analyst Michael Exstein suggested that Wal-Mart (WMT) should consider acquiring Family Dollar as a way to "jumpstart" its small store effort. CNBC's David Faber reported the same morning that Exstein published his note that Family Dollar was not holding any talks about selling itself at that time. PRICE ACTION: During afternoon trading, shares of Family Dollar decreased $1.54, or 2.61%, to $57.53, Dollar Tree dropped 2.5%, and Dollar General fell about 1.5%.
08:44 EDTMSFTCLSA technology analysts hold an analyst/industry conference call
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08:00 EDTMSFTSony PS4 grants Hirai profit potential as risk decreases, Bloomberg says
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06:23 EDTMSFTIDC says worldwide PC shipments totaled 73.4M units in Q1, down 4.4% y/y
Worldwide PC shipments totaled 73.4 million units in 1Q14, a decline of -4.4% year on year, according to the International Data Corporation Worldwide Quarterly PC Tracker. Although still in decline and with continuing weakness in consumer and emerging market segments, the preliminary results are slightly better than a projected decline of -5.3%. The U.S. market continued to stabilize with growth near zero – in line with forecasts. With shipments totaling 14.3 million PCs in 1Q14, the U.S. market contracted by -0.6% from the same quarter a year ago. Desktop shipments were slightly stronger, posting 3.5% growth, while portables remained in negative territory. Lenovo (LNVGY) preserved its lead in total worldwide PC shipments despite a seasonal drop due to the Chinese New Year. Growth in other regions continued at a solid pace although Latin America slowed after a dramatic expansion over the past year. HP (HPQ) remained in the number 2 position, with growth rising nicely to nearly 5% year on year. Dell grew over 9% in the first quarter.
06:14 EDTMSFTMicrosoft may release server orders to Taiwan ODMs, DigiTimes reports
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06:13 EDTWMTWal-Mart to carry Wild Oats organic food items
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