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Stock Market & Financial Investment News

News Breaks
January 16, 2014
11:06 EDTGOOG, YHOOYahoo 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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December 17, 2014
06:44 EDTGOOGGoogle opponents lobbying state attorneys general, NY Times says
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06:12 EDTGOOGBaidu to take stake in Uber, Reuters reports
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December 16, 2014
14:50 EDTGOOGGoogle volatility increases as shares trends to 13-month low
Google December call option implied volatility is at 27, January is at 26, February is at 29, March is at 27; compared to its 26-week average of 22 according to Track Data, suggesting large near tem price movement.
10:01 EDTGOOGGoogle, Verizon enter into global patent licensing agreement
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06:57 EDTGOOGGoogle price target lowered to $600 from $670 at JPMorgan
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06:25 EDTGOOGGoogle facing Dutch privacy fine of up to $19M, WSJ reports
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December 15, 2014
15:05 EDTGOOGGoogle to step up challenge to Amazon with new shopping features, WSJ says
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12:41 EDTGOOGGoogle to shutter Russian engineering office, Guardian reports
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12:36 EDTGOOGVringo will seek Supreme Court review of court's reversal of Google judgement
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06:32 EDTGOOGUnwired Planet commented on Google Markman ruling
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December 12, 2014
09:35 EDTGOOGActive equity options trading
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07:30 EDTGOOGAmazon forced to remove app from Google Play store, TechCrunch reports
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07:18 EDTGOOGCato Institute holds a conference
2014 Cato Institute Surveillance Conference is being held in Washington, D.C. on December 12 with webcasted presentations to begin at 9 am. Webcast Link
06:05 EDTGOOGGoogle to shut down engineering operations in Russia, The Information reports
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December 11, 2014
10:17 EDTGOOG, YHOOCiti upbeat on Google in face of pending Apple decision on Safari
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08:53 EDTGOOGBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:09 EDTGOOG, YHOOGoogle shares pricing in loss of Apple search deal, says Citigroup
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06:17 EDTGOOGGoogle to shut Google News service in Spain
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December 9, 2014
06:14 EDTGOOGGoogle launches Street View in Dubai
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06:00 EDTGOOGSalesforce.com names YouTube CEO Susan Wojcicki to board
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