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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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February 23, 2015
12:33 EDTGOOGAndroid antitrust lawsuit against Google dismissed, Reuters says
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12:28 EDTGOOGGoogle reaches deal with wireless carriers, acquires Softcard tech, Re/code says
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09:39 EDTGOOGActive equity options trading on open
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09:39 EDTGOOGYouTube confirms launch of kids app
Google's (GOOG, GOOGL) YouTube confirmed its launch of the YouTube Kids app, "the first Google product built from the ground up with little ones in mind," which the company said makes it safer and easier for children to find videos on topics they want to explore. The app is now available for free on Google Play and the App Store in the U.S. Reference Link
08:24 EDTGOOGGoogle Vietnam site disrupted by hackers, WSJ says
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06:31 EDTGOOGGoogle reaches preliminary agreement with Italian regulators, WSJ says
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06:21 EDTYHOOFacebook's shuttle drivers approve new union contract, WSJ reports
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February 20, 2015
07:42 EDTGOOGFDA authorizes 23andMe to market genetic testing for Bloom Syndrome
The U.S. Food and Drug Administration yesterday authorized for marketing Google-backed 23andMe’s Bloom Syndrome carrier test, a direct-to-consumer genetic test to determine whether a healthy person has a variant in a gene that could lead to their offspring inheriting the serious disorder. Along with this authorization, the FDA is also classifying carrier screening tests as class II. In addition, the FDA intends to exempt these devices from FDA premarket review. The agency plans to issue a notice that announces the intent to exempt these tests and that provides a 30-day period for public comment.
06:22 EDTGOOGYouTube to release stand-alone app for kids, WSJ says
Google's YouTube is planning to release a smartphone and tablet app for kids featuring original episodes of television shows including "Thomas the Tank Engine" and "Sesame Street," as well as content from existing YouTube kids channels, reports the Wall Street Journal, citing a person familiar with the matter. The app -- slated for an official reveal Monday at the Kidscreen Summit -- will initially only be available for Android devices. The source said the inclusion of ads is "under discussion." Reference Link
February 19, 2015
14:46 EDTYHOOcomScore announces global integration with Flurry from Yahoo
comScore (SCOR announced an integration with Flurry through Yahoo's (YHOO) Flurry Pulse solution, which will enable Flurry clients to streamline application tagging required for unified measurement in comScore Mobile Metrix and Media Metrix Multi-Platform. The beta period for this integration is expected to begin in the second quarter of 2015.
14:43 EDTYHOOYahoo announces new Mobile Developer Suite
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14:38 EDTYHOOYahoo says now has 575M monthly active app users
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14:22 EDTYHOOYahoo says now has access to 1.6B devices through Flurry
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13:57 EDTYHOOYahoo now third largest mobile ad company with 2014 mobile revenue of $1.2B
Comment was made by Yahoo CEO Marissa Mayer at the Yahoo Mobile Developer Conference.
06:34 EDTGOOGYouTube to unveil paid music service soon, Reuters reports
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February 18, 2015
15:15 EDTGOOGAngie's List could be more attractive to buyers given traction, says Barrington
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11:49 EDTGOOGFacebook CEO would 'love to work with Google' on connectivity, Bloomberg says
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07:48 EDTGOOGYandex requests anti-trust investigation against Google, TechCrunch says
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07:06 EDTGOOGGoogle Capital hiring for India expansion, WSJ says
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06:20 EDTGOOGApple awarded patent for wireless head-mounted display, Financial Times reports
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