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Stock Market & Financial Investment News

News For YHOO From The Last 14 Days
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July 27, 2015
11:03 EDTYHOOYahoo to unveil new consumer product at NYC event this week, Re/code says
Yahoo will hold an event in New York City midweek to unveil a new consumer product, Re/code reports, citing sources familiar with the matter. The new product will be mobile in focus, the report says. Reference Link
09:04 EDTYHOOYahoo recommends shareholders reject TRC Capital mini tender offer
Yahoo said it received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation to purchase up to 3M shares of Yahoo’s common stock at a price of $37.45 per share in cash. The offering price is 4.56% below the closing price per share of Yahoo’s common stock on July 22, 2015, the last trading day before the offer was commenced. The offer is for approximately 0.32 percent of the outstanding shares of Yahoo’s common stock. Yahoo said it does not endorse TRC Capital’s unsolicited mini-tender offer and recommends that shareholders do not tender their shares. Yahoo is not associated with TRC Capital, its mini-tender offer or the mini-tender offer documentation.
06:28 EDTYHOOYahoo bought Media Group One in Q1 for $23M, TechCrunch reports
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July 23, 2015
09:05 EDTYHOOYahoo names Lisa Utzschneider chief revenue officer
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July 22, 2015
12:32 EDTYHOOOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as slides in a number of big name tech stocks following their earnings reports dominated the news flow and largely dictated the market's direction. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: The tech sector has been weak, headlined of course by a 5% pullback in shares of Apple (AAPL) after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. Adding to the negative tone in tech stocks, and contributing further to the decline in the Nasdaq, was the 3% drop seen in Microsoft (MSFT) shares after its quarterly report as well as Yahoo's (YHOO) 1% decline after its revenue outlook missed the consensus forecast... Shares of Boeing (BA) and Coca-Cola (KO) fared better than Dow peer Apple after each reported better than expected sales and profits, though neither stock was moving far from where they closed yesterday's trading. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose 10% after the company agreed to be acquired by St. Jude Medical (STJ) for $3.4 billion in cash, or $63.50 per share. St. Jude shares advanced fractionally after the deal, which had been foreshadowed by media reports yesterday, was announced. Also higher following their earnings reports were Intuitive Surgical (ISRG), which gained 10%, Chipotle Mexican Grill (CMG), which advanced 8% and Whirlpool (WHR), which was up 6%. Among the noteworthy losers were a number of suppliers to Apple that declined in tandem with the tech giant after it reported a sequential drop in iPhone sales. Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report. Also sharply lower was antibody-based therapeutics maker XOMA (XOMA), which plunged more than 73% and was downgraded to Neutral at Piper Jaffray after a Phase III trial of its gevokizumab drug in patients with Behcet's disease uveitis did not meet its primary endpoint. INDEXES: Near midday, the Dow was down 82.22, or 0.46%, to 17,837.07, the Nasdaq was down 42.68, or 0.82%, to 5,165.44, and the S&P 500 was down 6.93, or 0.33%, to 2,112.28.
07:31 EDTYHOOYahoo price target lowered to $51 from $54 at JPMorgan
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July 21, 2015
19:09 EDTYHOOYahoo CEO sees Q3 pressure on revenue ex-TAC and adjusted EBITDA
Speaking on the company's Q2 earnings conference call, Yahoo (YHOO) CEO Marissa Mayer said she is "pleased" with momentum in display business, adding that the company will continue to focus on sustaining GAAP revenue growth while striving to grow adjusted EBITDA. She noted search clicks were up 13% for the quarter, and mobile user base was up 14%. Mayer cautioned that the Gemini search platform will see pricing pressure and reduced revenue per search in the near-term as Yahoo optimizes the service. She said she expects "some" pressure in Q3 including pressure on revenue ex-TAC and adjusted EBITDA, and remarked separately that Yahoo has been investing "modestly" over the past two years in algorithmic and paid search technologies. Finally, Mayer declined to speculate on any future agreements with Google (GOOG). CFO Ken Goldman said the company's "highest priority" is to execute the Alibaba (BABA) spinoff this year. Goldman also noted that Yahoo's board of directors and management team have met with advisors to review alternatives with regards to Yahoo Japan, but had no specific conclusion to share.
19:00 EDTYHOOOn The Fly: After Hours Movers
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16:16 EDTYHOOYahoo sees Q3 revenue ex-TAC $1B-$1.04B, consensus $1.07B
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16:13 EDTYHOOYahoo down 2.8% to $38.61 after Q2 earnings miss expectations
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16:11 EDTYHOOYahoo says workforce lowered to under 11,000 full-time employees
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16:09 EDTYHOOYahoo CEO says 'extremely pleased' with Q2 achievements
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16:08 EDTYHOOYahoo reports Q2 Ads Sold up 9%
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16:07 EDTYHOOYahoo reports Q2 Paid Clicks up 13%
Gross search revenue was $920M for Q2, an increase of 15% compared to the second quarter of 2014. The number of Paid Clicks increased approximately 13% compared to the second quarter of 2014. Price-per-Click increased approximately 4% compared to the second quarter of 2014.
16:06 EDTYHOOYahoo reports Q2 EPS 16c, consensus 18c
Reports Q2 revenue $1.04B, consensus $1.03B.
15:02 EDTYHOONotable companies reporting after market close
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14:25 EDTYHOOYahoo July weekly 39.50 straddle priced for 4.7% movement into Q2
12:59 EDTYHOOEarnings Watch: Tax questions linger into Yahoo Q2 report
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09:56 EDTYHOOSalesforce rallies amid renewed speculation of Microsoft deal
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06:38 EDTYHOOYahoo volatility increases into Q2 and outlook
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06:07 EDTYHOOONUG: Yahoo hires VP of global network from Symantec
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05:50 EDTYHOOYahoo could drop below $38 on negative tax announcement, says Piper Jaffray
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July 20, 2015
12:20 EDTYHOOYahoo July weekly volatility increases into Q2 and outlook
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06:59 EDTYHOOYahoo says taxes could 'materially reduce' Aabaco cash for distributions
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July 19, 2015
18:52 EDTYHOOYahoo experiments with 'texting plus video' messaging app, TechCrunch says
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July 17, 2015
17:00 EDTYHOOYahoo expects Alibaba spin-off completed in Q4
Yahoo (YHOO) announced the initial filing with the SEC in connection with its previously announced plan to spin off the company's remaining holdings in Alibaba Group Holding Limited (BABA) into a newly formed independent, publicly traded, registered investment company. The name selected for the new public company is Aabaco Holdings. Under the spin-off plan, announced on January 27, Yahoo plans to distribute all of the outstanding shares of Aabaco Holdings pro rata to its shareholders. Immediately after the spin-off, Aabaco Holdings will own approximately 384M shares of Alibaba Group, representing an ownership interest of approximately 15% in Alibaba Group, and a 100% ownership interest in a newly formed entity which will own Yahoo Small Business. The initial filing provides important information about the spin-off and Aabaco Holdings. Additional and updated information will be provided in subsequent amendments to the Form N-2. The spin-off is expected to be completed in Q4, subject to final approval by Yahoo's board and the satisfaction or waiver by Yahoo of certain other conditions.
July 16, 2015
17:56 EDTYHOOGoogle CBO says 'looking forward' to working with Yahoo
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11:01 EDTYHOOYahoo announces Mobile Developer Conference in NYC on August 26
Yahoo! announced that the Yahoo Mobile Developer Conference is headed to the East Coast on August 26 at the Marriott Marquis in New York City. At the New York City Mobile Developer Conference, Yahoo will unveil updates to its Yahoo Mobile Developer Suite.
July 15, 2015
14:22 EDTYHOOYahoo July weekly volatility increases into Q2 and outlook
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13:03 EDTYHOOGannett names Kevin Gentzel chief revenue officer
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07:30 EDTYHOOYahoo price target lowered to $50 from $59 at SunTrust
SunTrust cut its price target on Yahoo, as the firm says that some investors are starting to evaluate the company based on the performance of its core business. Three years into CEO Marissa Mayer's tenure, SunTrust says her results are "mixed," and gives her a grade of C. SunTrust says the company has had its share of accomplishments in the last three years but still faces many core challenges. It thinks the company's Q2 revenue could miss expectations but keeps a Buy rating based on valuation.
July 14, 2015
17:11 EDTYHOOMicrosoft M&A chief says Salesforce sale 'depends on' Benioff, Fortune reports
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11:24 EDTYHOOYahoo VP Eric Lange leaves company to join Flipkart, CNBC reports
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09:17 EDTYHOOYahoo fantasy sports could add $80M to 2016 sales, says Citi
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