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Stock Market & Financial Investment News

News Breaks
January 16, 2014
11:06 EDTYHOO, GOOGYahoo slides after COO removed, clash with CEO speculated
Shares of Internet search, mobile app, and content company Yahoo! (YHOO) are lower after the company revealed that Chief Operating Officer Henrique de Castro was removed from his post. Sources say he was fired due to clashing with Chief Executive Officer Marissa Mayer, according to media reports. WHAT'S NEW: De Castro, who was originally recruited by Mayer from Google (GOOG), was removed from the company effective January 16, noted last night in a regulatory filing by Yahoo. The Wall Street Journal reported that Mayer and de Castro repeatedly clashed, quoting a source as saying that Mayer decided de Castro needed to leave after continued pressure from investors to deliver advertising growth. Reuters reported that the news broke to Yahoo employees in a company-wide memo from Mayer that reportedly read, "During my own reflection, I have made the difficult decision that our COO, Henrique de Castro, should leave the company." WHAT'S NOTABLE: Dissension seemed to have started early in 2013 when Business Insider reported on April 4 that Mayer was skeptical about a deal with Dailymotion that de Castro was pushing for. On September 3, Adweek reported, via sources, that de Castro was feeling "increased pressure" to deliver better ad results and was said to have found himself on the outs with Mayer. PRICE ACTION: During mid-morning trading, shares of Yahoo are down 2% to $40.23.
News For YHOO;GOOG From The Last 14 Days
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October 20, 2014
09:36 EDTGOOGActive equity options trading on open
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09:31 EDTGOOGRobinhood.org to hold conference
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07:29 EDTYHOOYahoo weekly volatility increases into Q3 and capital outlook
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06:49 EDTYHOOTumblr, TV shows collaborate to broaden reach, NY Times says
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06:26 EDTYHOOYahoo to unveil turnaround, M&A strategy, WSJ reports
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06:22 EDTGOOGYouTube's Robert Kyncl considering leaving company, NY Post reports
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06:01 EDTGOOGGoogle's Hiroshi Lockheimer overseeing Android, Chrome engineering, WSJ says
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October 17, 2014
16:55 EDTGOOGStocks end volatile week lower amid oil price plunge
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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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09:38 EDTGOOGActive equity options trading on
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07:53 EDTGOOGFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to “take a step back, to pause to consider, I hope, a change of course,’’ and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:47 EDTGOOGGoogle exec confident in improving YouTube ad sales, BI reports
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07:37 EDTGOOGGoogle price target lowered to $600 from $670 at BofA/Merrill
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07:24 EDTGOOGMacquarie continues to recommend Google for long-term holders
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06:47 EDTGOOGGoogle price target lowered to $620 from $650 at Cantor
Cantor Fitzgerald lowered its price target for Google shares to $620 saying higher operating expenses and elevated Capex pressured margins and earnings in Q3. The firm views the current valuation as attractive and keeps a Buy rating on Google.
06:23 EDTGOOGGoogle price target lowered to $675 from $725 at Pacific Crest
Pacific Crest lowered its price target for Google shares to $675 citing expectations for a higher tax rate following the company's Q3 results. The firm thinks shares are attractively valued at current levels and keeps an Outperform rating on Google.
06:18 EDTGOOGGoogle price target lowered to $652 from $684 at Citigroup
Citigroup lowered its price target for Google (GOOGL) shares to $652 following the company's Q3 results and keeps a Buy rating on the name. Citi calls the results "relatively good."
06:13 EDTGOOGLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMH’s watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
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