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Stock Market & Financial Investment News

News Breaks
July 15, 2014
07:32 EDTYHOOYahoo July 35.5 straddle priced for 4.5% move into Q2
News For YHOO From The Last 14 Days
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August 4, 2015
06:25 EDTYHOOAds on Yahoo sites hacked by cyberattack group, Business Insider reports
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August 3, 2015
17:40 EDTYHOOYahoo paid roughly $200M for Polyvore, Re/code says
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August 2, 2015
20:27 EDTYHOOSilicon Valley shuttle drivers approve three-year union contract, WSJ says
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July 31, 2015
17:10 EDTYHOOYahoo to acquire Polyvore, terms not disclosed
Yahoo and Polyvore announced that they have reached a definitive agreement for Yahoo to acquire Polyvore, a leading social shopping site. The acquisition will enhance Yahoo’s consumer and advertiser offerings. Polyvore will strengthen Yahoo’s digital magazines and verticals through the incorporation of community and commerce, and together Yahoo and Polyvore will power native shopping ads that drive traffic and sales to retailers. Broadly, Polyvore will accelerate Yahoo’s Mavens growth strategy through its strong offerings in social, native, and mobile. Following the closing of the acquisition, Polyvore products and services will continue to operate. The Polyvore team will join respective Yahoo offices in Sunnyvale, San Francisco and New York and Polyvore Co-Founder and CEO Jess Lee will report directly to Simon Khalaf.
July 30, 2015
05:46 EDTYHOOLivetext falls somewhere between Snapchat and Periscope, says Piper Jaffray
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July 29, 2015
12:06 EDTYHOOYahoo introduces live video texting app Livetext
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06:18 EDTYHOOYahoo could launch messaging app at NYC press event, Swisher says
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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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