|December 13, 2012|
|19:37 EDT||AAPL, YHOO||Yahoo! said to be exploring purchase of Summly news app, AllThingsD reports|
Yahoo! (YHOO) is said to be doing due diligence on the company founded by 17-year-old British app developer Nick D'Alosio which developed Summly, a news reading application that has been downloaded 500,000 in Apple's (AAPL) App Store since the app's re-launch last month, according to an AllThingsD report that cites sources close to the situation. Reference Link
News For YHOO;AAPL From The Last 14 Days
|September 28, 2015|
|17:25 EDT||YHOO||Yahoo board authorizes company to continue to pursue Aabaco spin-off plan |
On September 8, Yahoo! (YHOO) filed a Current Report on Form 8-K disclosing, among other things, that the Internal Revenue Service had notified Yahoo's counsel that it had determined, in the exercise of its discretion and without ruling adversely, not to grant Yahoo's request for a private letter ruling regarding certain aspects of its previously announced plan for a spin-off to Yahoo's stockholders of all of the stock of Aabaco Holdings, a newly formed independent registered investment company, which will hold all of Yahoo's remaining holdings in Alibaba Group Holding (BABA) and Aabaco Small Business,. Yahoo further disclosed in the September 8 Form 8-K that work was proceeding on the Aabaco spin-off plan, and that Yahoo's Board of Directors would continue to carefully consider the Company's options, including proceeding with the spin-off transaction on the basis of an opinion of counsel. On September 14, the IRS issued a formal "no-rule" policy with respect to certain transactions similar to the Aabaco spin-off and, in a notice released on the same day, indicated that the IRS and U.S. Department of the Treasury are studying the possibility of promulgating new guidance with respect to such transactions in the future. Neither this ongoing guidance project nor the IRS's decision not to rule with respect to the Aabaco spin-off transaction changes the current law applicable to the proposed spin-off. In addition, on September 19, an IRS official indicated in a public statement that any future guidance issued as part of the project would not apply retroactively to transactions completed prior to the issuance of such guidance. On September 23, Yahoo's Board of Directors authorized the Company to continue to pursue the plan for the Aabaco spin-off transaction as previously disclosed, except that completion of the spin-off will not be conditioned upon receipt of a favorable ruling from the IRS. The spin-off transaction will continue to be subject to certain other conditions, including final approval by Yahoo's Board of Directors, receipt of a legal opinion with respect to the tax-free treatment of the transaction under U.S. federal tax laws and regulations, the effectiveness of an applicable registration statement filed with the Securities and Exchange Commission and compliance with the requirements under the Investment Company Act of 1940, and other customary conditions, each of which conditions may be waived, in whole or in part , by Yahoo in its sole discretion.Completion of the transaction is expected to occur in the fourth quarter of 2015, subject to the conditions described above.
|16:56 EDT||AAPL||Apple CEO responds positively to prospect of Indian manufacturing base, ToI says|
Apple CEO Tim Cook "responded positively" to Indian Prime Minister Narendra Modi's invitiation to set up a manufacturing base in the country, reports the Times of India, citing spokesperson statements from India's Ministry of External Affairs. "I think India does fits into [Cook's] long term plans. He particularly was interested in the whole app development economy, which he said could be a very, very important factor for entrepreneurship where individual app developers can just become part of the app universe," the spokesperson added. Reference Link
|16:19 EDT||AAPL||On The Fly: Top stock stories for Monday|
Stocks on Wall Street were sharply lower as investors continue to worry about the health of China's economy and continue to flee the biotech sector. The iShares NASDAQ Biotechnology Index (IBB) was down 6.33% today and is down about 18.5% since September 21, when Democratic presidential candidate Hillary Clinton pledged to take action against the high prices of specialty drugs. Adding to the tentative mood among investors was noted investor Carl Icahn's preview for a presentation that will be made available on his site tomorrow, entitled "Danger Ahead." The preview includes several cautious comments that the billionaire has publicly made recently regarding his concerns about the high-yield bond market and the stock market. ECONOMIC EVENTS: In the U.S., personal income grew 0.3% in August, versus expectations for it to rise 0.4%. Personal spending rose 0.4% last month, versus expectations for growth of 0.3%. The pending home sales index fell 1.4% in August, missing expectations for it to have risen 0.4%. The Dallas Fed manufacturing outlook survey for September had a reading of -9.5, versus expectations for a reading of -10.0. In China, industrial profits plunged 8.8% in August, adding to the recent string of weak data from the Asian giant. COMPANY NEWS: Apple (AAPL) reported that it set a record by selling more than 13M new iPhone 6s and iPhone 6s Plus models in the first three days after launch of the devices. However, shares of the tech giant slid about 2% to $112.44 following the announcement... Alcoa (AA) shares advanced 52c, or 5.73%, to $9.59 after the company announced that its board has approved a plan to separate into two independent, publicly-traded companies - an Upstream company that will operate under the Alcoa name and a new "Value-Add company" that will provide high-performance, multi-material products whose name will be announced at a later date... Biotech stocks continued recent declines, with Valeant (VRX) dropping 16.6% after a group of Democratic congressmen urged additional scrutiny of the company's "price hike" business model, while Epizyme (EPZM) and NewLink (NLNK) fell a respective 27% and 21% after presenting data at the 2015 European Cancer Congress... Shares of both Energy Transfer Equity (ETE) and Williams (WMB) fell after they announced a combination deal valued at approximately $37.7B, including the assumption of debt and other liabilities. Under the terms of their deal, an affiliate of ETE will acquire Williams at an implied current price of $43.50 per Williams share, the companies said. In late June, Energy Transfer Equity made a proposal to merge with Williams in an all-equity transaction valued at that time at $53.1B, including the assumption of debt and other liabilities. Under that prior merger proposal, ETE would have acquired all of the outstanding common stock of Williams at an implied price of $64 per Williams share, which represented a 32.4% premium to Williams' common share closing price as of June 19. Energy Transfer Equity shares closed down $2.95, or 12.69%, to $20.29 after announcing today's revised deal, while Williams dropped $5.03, or 12.09%, to close at $36.57. MAJOR MOVERS: Among the notable gainers was Republic Airways (RJET), which surged $2.38, or 81.8%, to $5.29 after announcing that the company and Teamsters Local 357 have reached a consensual tentative agreement on the terms of a new three-year contract for the 2,100 Republic pilots represented by the International Brotherhood of Teamsters. Also higher was Media General (MEG), which gained $2.49, or 22.3%, to $13.64 after Nexstar (NXST) proposed a cash-and-stock deal to acquire the company for $14.50 per share, which Media General said it would "carefully review." Additionally, Sanchez Energy (SN) rose 4.5% to $5.57 after agreeing to sell certain Eagle Ford Shale midstream assets to Sanchez Production Partners (SPP) for $345M. Among the noteworthy losers was Huntsman (HUN), which plunged $3.99, or 28.7%, to $9.92 after warning that headwinds would impact its third quarter earnings. Also lower were shares of Depomed (DEPO) and Horizon Pharma (HZNP), falling a respective 22% and 21%, after Depomed continued its criticism of Horizon's hostile takeover bid for the company. INDEXES: The Dow fell 312.78, or 1.92%, to 16,001.89, the Nasdaq lost 142.53, or 3.04%, to 4,543.97, and the S&P 500 dropped 49.57, or 2.57%, to 1,881.77.
|16:08 EDT||AAPL||Apple initiated with a Buy at Sterne Agee CRT|
|16:00 EDT||AAPL||Options Update; September 28, 2015|
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|13:42 EDT||AAPL||Verizon offers annual upgrade plan for iPhone users|
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|12:13 EDT||AAPL||On The Fly: Top stock stories at midday|
Stocks on Wall Street were lower at midday after more weak data from China and a warning from noted investor Carl Icahn gave the already-shaky market some additional worries at the outset of a new week. ECONOMIC EVENTS: In the U.S., personal income grew 0.3% in August, versus expectations for it to rise 0.4%. Personal spending rose 0.4% last month, versus expectations for growth of 0.3%. The pending home sales index fell 1.4% in August, missing expectations for it to have risen 0.4%. The Dallas Fed manufacturing outlook survey for September had a reading of -9.5, versus expectations for a reading of -10.0. In China, industrial profits plunged 8.8% in August, adding to the recent string of weak data from the Asian giant. COMPANY NEWS: Apple (AAPL) announced that it set a record by selling more than 13M new iPhone 6s and iPhone 6s Plus models in the first three days after launch of the devices. Piper Jaffray analyst Gene Munster said Apple's report, paired with the firm's read on sell-through, makes him think the 6S cycle is off to a good start, but shares of the tech giant slid about 1.5% near noon... Alcoa (AA) shares advanced about 3% after the company announced that its board has unanimously approved a plan to separate into two independent, publicly-traded companies - an Upstream company that will operate under the Alcoa name and a new "Value-Add company" that will provide high-performance, multi-material products whose name will be announced at a later date. MAJOR MOVERS: Among the notable gainers was Media General (MEG), which jumped 24% after Nexstar (NXST) proposed to acquire the company for cash and Nexstar shares currently valued at $14.50 per Media General share. Media General (MEG), which previously agreed to acquire Meredith (MDP) in a cash and stock transaction that was valued at approximately $2.4B when it was announced about three weeks ago, said it will "carefully review and consider" Nexstar's proposal. Also higher was Knowles (KN), which gained 8% after FBR Capital analyst Christopher Rolland upgraded it shares to Market Perform, saying Chipworks identified a fourth mic made by the company in Apple's iPhone 6S, up from three in the previous version of the smartphone. Among the noteworthy losers was Verastem (VSTM), which plunged 68% after the biopharmaceutical company said it would stop enrollment in a Phase 2 study of VS-6063 for patients with mesothelioma. Also lower were shares of both Energy Transfer Equity (ETE) and Williams (WMB), which fell 9% and 9.5%, respectively, after they announced a business combination transaction valued at approximately $37.7B, including the assumption of debt and other liabilities. Under the terms of their deal, an affiliate of ETE will acquire Williams at an implied current price of $43.50 per Williams share, the companies said. INDEXES: Near midday, the Dow was down 241.02, or 1.48%, to 16,073.65, the Nasdaq was down 105.73, or 2.26%, to 4,580.77, and the S&P 500 was down 37.17, or 1.92%, to 1,894.17.
|10:27 EDT||AAPL||Apple falls, levels to watch|
Price was last at $113.12, down over 1.3%. At that price next support is at the session low at $112.46 and then at $110.02. Resistance is currently at $114.18.
|10:20 EDT||AAPL||Apple 6S cycle off to good start, says Piper Jaffray|
Piper Jaffray analyst Gene Munster said Apple's report of opening weekend iPhone 6S and 6S Plus sales of more than 13M units came in at the high end of his expectation, which, paired with the firm's read on sell-through, makes him think the 6S cycle is off to a good start. The analyst, who expects iPhone 6S cycle unit growth of 3%, compared to the consensus forecast for flat growth, keeps his Overweight rating and $172 price target on Apple shares.
|09:36 EDT||AAPL|| Active equity options trading on open|
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|09:06 EDT||YHOO||Citi sees 'few if any' roadblocks for Yahoo's Alibaba spin|
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|08:52 EDT||AAPL||On The Fly: Pre-market Movers|
IN FOCUS: Apple (AAPL) after announcing it set a record by selling more than 13M new iPhone 6s and iPhone 6s Plus models in the first three days after launch of the devices. HIGHER: Media General (MEG), up 22% after Nexstar (NXST) announced a proposal to acquire the company for cash Nexstar shares currently valued at $14.50 per Media General share... Alcoa (AA), up 5.4% after announcing that its board has unanimously approved a plan to separate into two independent, publicly-traded companies - an Upstream company that will operate under the Alcoa name and a new Value-Add company whose name will be announced at a later date... Atmel (ATML), up 7% after Reuters reported that Cypress Semiconductor (CY) is working on a competing bid to Dialog Semiconductor's (DLGNF) takeover offer... J.C. Penney (JCP), up 3% after Sterne Agee CRT upgraded the stock to Buy from Neutral after meeting with the company's new CEO. DOWN AFTER EARNINGS: Cal-Maine Foods (CALM), down 8%. ALSO LOWER: Verastem (VSTM), down 50% after stopping enrollment in the Phase 2 study of VS-6063 for patients with mesothelioma for futility after a Data Safety Monitoring Board review of a pre-planned interim analysis... Fiat Chrysler (FCAU), down 3.7% after the Detroit Free Press said some local UAW workers rejected a four-year tentative pact between the United Auto Workers and the company... Williams (WMB), down 3% after Energy Transfer Equity (ETE) announced a business combination transaction valued at approximately $37.7B, including the assumption of debt and other liabilities. Under the deal, an affiliate of ETE, will acquire Williams at an implied current price of $43.50 per Williams share.
|08:46 EDT||AAPL||US District Court denies Apple's motion to appeal Kessler ruling|
Network-1 Technologies (NTIP) announced that the United States District Judge Robert Schroeder III of the Eastern District of Texas issued an Order denying a motion made by Apple (AAPL) to certify for appeal the Court's prior ruling denying Apple's motion for summary judgment based on the Kessler Doctrine in a patent infringement suit filed by Mirror Worlds Technologies, Inc., a wholly owned subsidiary of Network-1, against Apple. In December 2014, Apple brought a motion for summary judgment arguing that Mirror Worlds was precluded under the Kessler Doctrine from initiating patent litigation against Apple because of an earlier case brought by the previous owner of the Mirror Worlds patent portfolio against Apple. In July, Judge Schroeder denied Apple's motion and granted Mirror Worlds' cross-motion that the Kessler Doctrine does not apply. Apple filed a motion seeking to allow it to file an interlocutory appeal (prior to a judgment) of Judge's Schroeder's Order to the Federal Circuit Court of Appeals.
|08:30 EDT||AAPL||Apple says has sold over 13M new iPhone 6s, 6s Plus models|
Apple announced it has sold more than 13 million new iPhone 6s and iPhone 6s Plus models, a new record, just three days after launch. iPhone 6s and iPhone 6s Plus will be available in more than 40 additional countries beginning October 9 including Italy, Mexico, Russia, Spain and Taiwan. The new iPhones will be available in over 130 countries by the end of the year. "Sales for iPhone 6s and iPhone 6s Plus have been phenomenal, blowing past any previous first weekend sales results in Apple's history," said Tim Cook, Apple's CEO. "Customers' feedback is incredible and they are loving 3D Touch and Live Photos, and we can't wait to bring iPhone 6s and iPhone 6s Plus to customers in even more countries on October 9."
|08:30 EDT||AAPL||Apple says has sold over 13M new iPhone 6s, 6s Plus models |
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|08:06 EDT||YHOO||Yahoo announces updates to advertising technology portfolio|
Yahoo announced key updates to its advertising technology portfolio at Advertising Week in New York: BrightRoll is Yahoo's new, unified brand for programmatic advertising technology, offering a suite of media-agnostic tools to help advertisers, publishers and partners connect with consumers across ad formats and devices. Yahoo Gemini, the company's proprietary marketplace for search and native advertising across devices, introducing new product features and the Yahoo Preferred Partner Program. Over the past year the company has focused heavily on product development, and is bringing together the strengths of Yahoo, BrightRoll and Flurry to build a robust technology offering that simplifies the overall experience of digital advertising and drives measurable results for advertisers.
|07:38 EDT||AAPL||Box to hold a user conference|
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|07:24 EDT||AAPL||iPhone 7 may have waterproof, dustproof design, AppleInsider says|
Apple's iPhone 7 is well into the prototyping phase, with current test models featuring a waterproof and dustproof design with a non-metal chassis, AppleInsider reports, citing a post from Weibo. Reference Link
|07:21 EDT||AAPL||Knowles upgraded on increased Apple content at FBR Capital|
FBR Capital analyst Christopher Rolland upgraded Knowles (KN) to Market Perform from Underperform saying Chipworks identified a fourth mic made by the company in Apple's (AAPL) iPhone 6S, up from three in the previous version of the smartphone. Further, key Knowles competitor has encountered difficulties sourcing qualified MEMS wafers from its third-party manufacturing partner, Rolland tells investors in a research note. He raised his price target for shares to $18 from $17.
|06:05 EDT||AAPL||iPhone survey shows trend to higher capacity continues, says Piper Jaffray|
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