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Stock Market & Financial Investment News

News Breaks
September 27, 2012
09:02 EDTYHOO, MSFTYahoo!, Media.net announce long-term agreement
Yahoo! (YHOO) and Media.net announced a long-term agreement to launch Yahoo! Bing Network Contextual Ads, powered by Media.net. The program aims to provide web publishers with a powerful and effective new solution for earning advertising revenue. Publishers can now use the Media.net platform to create and customize ad units that display relevant text ads from across the Yahoo! Bing Network.
News For YHOO;MSFT From The Last 14 Days
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May 21, 2013
10:59 EDTMSFTMicrosoft to hold a company event
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10:20 EDTYHOOYahoo CEO says impact of Tumblr, other deals should be seen in 2014
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09:48 EDTMSFTMicrosoft breakout continues, levels to watch
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08:03 EDTYHOOYahoo price target raised to $30 from $27 at Oppenheimer
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07:25 EDTMSFTMicrosoft price target raised to $40 from $33 at UBS
UBS believes Microsoft's shares can continue to move higher driven by improved earnings visibility, cloud momentum, a bottom in PC weakness, enterprise strength, and expectations for a seasonally strong 2H 2013. As a result, the firm reiterates its Buy rating and raised its price target to $40 from $33.
06:39 EDTMSFTMicrosoft to begin shipping volume shipments of new Xbox in Q3, Digitimes says
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May 20, 2013
17:49 EDTYHOOYahoo CEO announces new office in NY, 1TB of free space on Flickr, AllThingsD says
Yahoo CEO, Marissa Mayer and NYC Mayor Michael Bloomberg announced, in a joint press conference, that Yahoo has a new office in the old New York Times building in Times Square, reports AllThingsD. Mayer also announced that Flickr users will have a free terabyte of storage space, the website added. Reference Link
16:22 EDTYHOOOn The Fly: Closing Wrap
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13:06 EDTYHOOOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday as the Dow and S&P seek to continue their march higher after closing last week at record levels. ECONOMIC EVENTS: In the U.S., the light domestic economic calendar included the Chicago Fed National Activity index, which slipped to -0.53 for April from its prior reading of -0.23. In Asia, the Hang Seng and Shanghai Composite both climbed after Chinese home prices were reported to have risen in April. COMPANY NEWS: Yahoo (YHOO) confirmed it is buying social media platform Tumblr for $1.1B, as widely reported over the weekend, and promised "not to screw it up" in its press release to announce the deal... Actavis (ACT) agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5B. The deal, which was approved by the boards of both companies, equates to a value of $20.08 per Warner Chilcott share based on Actavis' closing share price on Friday, the companies said. MAJOR MOVERS: Among the notable gainers were some other companies with M&A news: Acquity Group (AQ) shares more than doubled after Accenture (ACN) agreed to buy the company for $13.00 per American Depositary Share, and Pactera Technology (PACT) gained 31% after receiving a non-binding proposal from a Blackstone (BX) affiliate to be taken private for $7.50 per ADS. Among the noteworthy losers was XenoPort (XNPT), which fell 11% after one of its drugs failed in a Phase III trial for multiple sclerosis spasticity. Also lower were shares of Red Hat (RHT), which slid 4% following a downgrade to Market Perform at BMO Capital. INDICES: Near 1 pm ET, the Dow was up 13.67, or 0.09%, to 15,368.07; the Nasdaq was up 1.13, or 0.03%, to 3,500.10; and the S&P 500 was up 2.18, or 0.13%, to 1,669.65.
11:21 EDTYHOOYahoo acquisition a step in right direction, says Piper Jaffray
Piper views Yahoo's acquisition of Tumblr as a step in the right direction and one that could increase the company's top line growth from its current 1% estimate to 2% in 2013 and from 5% to 8% in 2014. However, Piper feels the deal is too small to materially change Yahoo's growth rate and continues to view the Alibaba IPO as the biggest part of the Yahoo story. The firm raised its price target for shares to $27 from $21 and keeps a Neutral rating on the name.
10:03 EDTYHOOYahoo hosted a conference call
Conference call was held to discuss the acquisition of Tumblr on May 20 at 9 am and has a replay available from 11 am on May 20 through May 26. Webcast Link
09:26 EDTYHOOOn The Fly: Pre-market Movers
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08:40 EDTMSFTBarnes & Noble could rise above $30 a share, Barron's says
Barnes & Noble (BKS) shares are up about 15% since TechCrunch said Microsoft (MSFT) may pay $1B for its Nook e-reader business but the stock may have another 50% upside to $30 per share based on Barnes & Noble's asset value, contended Barron's in a report this weekend. Barron's, however, called the situation "admittedly tough to assess" because neither Microsoft nor B&N will comment on the purchase rumor. The Fly notes Barnes & Noble shares are up 4% to $20.80 in pre-market trading. Reference Link
08:23 EDTYHOOYahoo shares slip on Tumblr purchase, levels to watch
The shares are down just over 1% after the company agreed to purchase Tumblr in a deal valued at $1.1 billion. At the current share price of $26.25, next support is at $25.55. Resistance is at $26.66, a prior pivot high.
08:03 EDTYHOOYahoo confirms plan to acquire Tumblr for $1.1B
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08:01 EDTYHOOYahoo confirms plan to acquire Tumblr for $1.1B
07:45 EDTYHOOYahoo Tumblr deal won't move needle strategically, says Stifel
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07:42 EDTMSFTCohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22.
07:32 EDTMSFTSociety for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24.
07:05 EDTYHOOJefferies concerned about $1.1B valuation for Tumblr
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