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Stock Market & Financial Investment News

News Breaks
January 22, 2014
06:55 EDTYHOO, CRMYahoo's Mayer says 2014 to be tech tipping point, NY Times reports
The proliferation of smartphones and their apps will make this year a "tipping point" that radically changes how people around the world live, Yahoo (YHOO) CEO Marissa Mayer said, according to The New York Times. In 2014, Yahoo expects more traffic on its website to come from mobile devices than PCs for the first time, the newspaper quoted Mayer as saying. Meanwhile, Salesforce.com (CRM) CEO Marc Benioff said he expected the interactions between businesses and consumers to change significantly as more devices share data, the newspaper noted. Reference Link Y
News For YHOO;CRM From The Last 14 Days
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October 17, 2014
13:16 EDTYHOOYahoo weekly volatility elevated into Q3 and capital utilization outlook
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12:17 EDTYHOOMark Cuban says buying Netflix shares, sees company as M&A target
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07:44 EDTCRMSalesforce.com moving in right direction in every way, says Canaccord
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October 16, 2014
07:57 EDTCRMSalesforce president lays out vision for quadrupling revenue, WSJ reports
Salesforce (CRM) president and vice chairman Keith Block outlined his plan to grow the company's annual revenue to $20B at the company’s annual Dreamforce conference, said The Wall Street Journal, which noted that Block specifically said, “We want to be bigger than SAP.” Block's strategy involves expansion in new product areas, adding new packages of software tailored to a handful of high-value industries, and expanding sales efforts outside of North America, the Journal reported. Reference Link
October 15, 2014
16:22 EDTYHOOYahoo amendment to credit agreement extended to October 8, 2015
On October 9, Yahoo! Inc. entered into Amendment No. 2 to its Credit Agreement, dated as of October 19, 2012, as amended by Amendment No. 1, dated as of October 10, 2013, with Citibank, N.A., as administrative agent, and the lenders party thereto from time to time. Amendment No. 2, among other things, extends the termination date of the Credit Agreement from October 9, 2014 to October 8, 2015. The Credit Agreement, as amended, continues to provide for a $750M unsecured revolving credit facility, subject to increase by up to $250M in accordance with its terms. There are no borrowings currently outstanding under the Credit Agreement.
06:40 EDTYHOOYahoo hires Kevin Gentzel as head of N.A. ad sales, CNet reports
Yahoo has hired Kevin Gentzel, the Washington Post's former chief revenue officer, as its new head of North American advertising sales, CNet reports. Gentzel will report to Ned Brody, the company's head of Americas. Reference Link
October 14, 2014
14:28 EDTYHOOYahoo hires former Washington Post Chief Revenue Officer to head sales, WSJ says
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08:08 EDTYHOOYahoo to close Amman, Jordan office by end of year, TechCrunch reports
Yahoo will close its office in Amman, Jordan by the end of the year, TechCrunch reports, citing a confirmed statement by a company spokesperson. The company will funnel its Arab-language and English-language Arab-focused Internet portal to an office in Dubai and other regions. A Yahoo spokesperson says the move is part of its "global efforts to streamline operations." Reference Link
October 13, 2014
16:33 EDTCRMMicrosoft and Salesforce.com unveil new joint solutions
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14:35 EDTCRMSalesforce launches analytics cloud
Salesforce earlier today announced Wave, Salesforce Analytics Cloud. Wave is the first cloud analytics platform designed for every business user, making it easier than ever for anyone to explore data, uncover new insights and take action instantly from any device, the company stated. Companies can now quickly deploy sales, service and marketing analytics, or build custom mobile analytics apps, using any data source, Salesforce added.
13:10 EDTYHOOGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
12:13 EDTYHOOYahoo upgraded as BGC sees higher chances for tax efficient monetization
Research firm BGC Partners upgraded its rating on Yahoo (YHOO) to Buy from Hold, saying that the chances of the company monetizing its assets in a more tax efficient manner have increased now that Alibaba (BABA) has come public. Among the possible scenarios, Yahoo may be acquired by Alibaba, the firm added. WHAT'S NEW: Yahoo's chances of paying a relatively low tax rate on the sale of its stakes in Alibaba and Yahoo Japan, a Japanese Internet company, have risen, BGC Financial analyst Colin Gillis stated. Yahoo could owe up to $15B of taxes on its sale of the assets, the analyst estimated. If Yahoo pays full tax liability, its stakes would be worth $43.5B. If it pays no taxes, the assets would be worth $58.5B, he estimated. Gillis set his price target on Yahoo at $50, representing the midpoint of the two scenarios, he stated. Among various scenarios that could play out, Alibaba could choose to buy Yahoo and subsequently unload Yahoo's core business and the American company's stake in Yahoo Japan, the analyst said. Yahoo shareholders could receive cash and shares of Alibaba as part of such a deal, Gillis stated. If Yahoo is not acquired by Alibaba, the American company should combine with AOL (AOL), as recently proposed by activist investor Starboard Value, Gillis contended. Merging with AOL could accelerate Yahoo's revenue growth by over 50% and increase its EBITDA by over 35%, Gillis estimated. PRICE ACTION: In early afternoon trading, Yahoo fell 1% to $39.18.
10:43 EDTCRMSalesforce.com October volatility elevated into executive Q&A with Marc Benioff
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10:08 EDTYHOOOn The Fly: Analyst Upgrade Summary
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09:28 EDTYHOOYahoo upgraded to Buy from Hold at BGC Financial
BGC Financial analyst Colin Gillis upgraded his rating on Yahoo (YHOO) shares to Buy saying the company's remaining assets should get monetized in a more tax efficient manner now that Alibaba (BABA) is public. Gillis also points out that Alibaba could see benefits from acquiring Yahoo. He raised his price target for Yahoo shares to $50 from $37.
07:38 EDTCRMSalesforce to hold a conference
Dreamforce 2014 is being held in San Francisco on October 13-16.
October 12, 2014
17:20 EDTCRMGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 9, 2014
14:37 EDTYHOOYahoo looking to make Tumblr another YouTube, Business Insider says
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07:34 EDTCRMSalesforce.com coverage assumed with a Buy at MKM Partners
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October 8, 2014
06:19 EDTYHOOYahoo lays off 400 employees in India, WSJ reports
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