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Stock Market & Financial Investment News

News For YHOO;GOOG From The Last 14 Days
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September 26, 2014
12:19 EDTYHOOStarboard says Yahoo's acquisition strategy has not delivered value to holders
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12:17 EDTYHOOAOL up 8.45%, Yahoo up 4% after talk of Yahoo-AOL combination
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12:15 EDTYHOOStarboard believes Yahoo-AOL combination could offer synergies of up to $1B
In a letter to Yahoo, Starboard said, "Based on our analysis, we believe that a combination of Yahoo and AOL could offer synergies of up to $1 billion by significantly reducing the cost overlaps in their Display advertising businesses as well as synergies in corporate overhead. Importantly, we believe the combined entity would be able to more successfully navigate the ongoing industry changes, such as the growth of programmatic advertising and migration to mobile. In addition, we believe a combination could also lead to revenue growth opportunities given the broader user base, higher quality content, better technology assets, and enhanced relationships with advertising agencies. Interestingly, based on our research and the legal advice we have received on how to unlock the value of Yahoo's equity holdings, we believe a merger of AOL and Yahoo's core business may be one of the best ways to both fully seize the cost reduction opportunity and also to tax efficiently monetize Yahoo's non-core equity holdings. We trust the Board and management will do the right thing for shareholders, even if this may mean accepting AOL as the surviving entity in a combination, should that be the best and most tax efficient structure."
12:14 EDTYHOOYahoo says exploring strategic combination with AOL, Reuters says
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12:13 EDTYHOOStarboard urges Yahoo to explore combination with AOL
Starboard Value LP announced it has acquired a significant ownership stake in Yahoo!, and that it has delivered a letter to Marissa Mayer, President and CEO of Yahoo, and to Yahoo's Board of Directors. In the letter, Starboard said, "The purpose of this letter is to highlight several opportunities to unlock tremendous value for the benefit of all Yahoo shareholders. These opportunities include: 1) Unlocking the substantial value from Yahoo's non-core minority equity stakes in Alibaba (BABA) and Yahoo Japan in a structure that delivers value directly to Yahoo shareholders in a tax-efficient manner; 2) Realizing substantial cost efficiencies by reducing expenses throughout the Company, specifically with a goal of reducing losses in the Display business by between $250M-$500M; 3) Halting Yahoo's aggressive acquisition strategy which has resulted in $1.3 billion of capital spent since Q2 2012 while consolidated revenues have remained stagnant and EBITDA has materially decreased; and 4) Exploring a strategic combination with AOL (AOL) a company we know well which could improve Yahoo's competitive position, deliver cost synergies of up to $1B, and potentially facilitate the realization of value from Yahoo's non-core equity stakes with minimal tax leakage. We believe that the execution of these initiatives would produce tremendous value for shareholders, and are squarely within the control of the Company's management and board of directors. We look forward to engaging directly with you to discuss the details of how these actions can be implemented in a timely manner.
12:12 EDTYHOOYahoo, AOL jump after Starboard recommends exploration of tie-up
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12:10 EDTYHOOYahoo urged by Starboard Value to explore strategic combination with AOL
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12:07 EDTYHOOYahoo acquires short movie app maker Qwiki
Yahoo has acquired Qwiki, which has created an app that automatically turns users' pictures and videos into brief movies. Qwiki announced the news about joining Yahoo on its corporate blog. Reference Link
11:19 EDTGOOGGoogle adds requirements for Android manufacturers, The Informatoin reports
Google (GOOG) may be adding requirements for dozens of manufacturers including Samsung (SSNLF), Huawei and HTC that want to build devices powered by Android, reports The Information. According to obtained confidential documents, the new requirements may include increasing the number of Google apps that must be pre-installed to as many as 20, placing more Google apps on the home screen and making Google Search more prominent. Reference Link
10:53 EDTYHOOStocks with call strike movement; FB YHOO
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10:18 EDTYHOOOptions with decreasing implied volatility
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06:47 EDTGOOGFAA drone decision could be milestone, NY Times says
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06:39 EDTGOOGMost connected devices have security flaw, NY Times says
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06:13 EDTGOOGGoogle checks show accelerating search spend, says Citigroup
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September 25, 2014
10:33 EDTYHOOOptions with decreasing implied volatility
Options with decreasing implied volatility: VHC RPRX SFLY VNET YHOO RHT KMX BBBY CCL ACN
10:06 EDTYHOOOn The Fly: Analyst Downgrade Summary
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09:36 EDTYHOOActive equity options trading on open
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09:13 EDTYHOOOn The Fly: Pre-market Movers
HIGHER: LipoScience (LPDX), up 63% after agreeing to be acquired by LabCorp (LH) for $5.25 per share in cash... Magnum Hunter (MHR), up 12.5% after announcing that throughput volumes on Eureka Hunter's gas gathering pipeline system have increased to about 316,500 MMBtu per day... Jabil Circuit (JBL), up 4.7% following its report of better than expected fourth EPS and revenue... JD.com (JD), up 0.7% after the stock was initiated with an Outperform rating at Macquarie. LOWER: Yahoo (YHOO), down 0.6% after RBC Capital downgraded its rating on the stock to Sector Perform from Outperform, saying the risk/reward is less attractive following Alibaba's (BABA) initial public offering... HB Fuller (FUL), down 15% after reporting quarterly results and guidance that missed analyst estimates... Omnova Solutions (OMN), down 10.8% after its Q3 adjusted EPS missed expectations... Pacira Pharmaceuticals (PCRX), down 9.2% after receiving an FDA warning letter over certain promotional materials on Exparel.
09:00 EDTGOOGGoogle responds to News Corp. criticism in blog post
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08:31 EDTYHOOYahoo downgraded after Alibaba catalyst at RBC Capital
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