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Stock Market & Financial Investment News

News Breaks
January 25, 2013
08:08 EDTYNDX, FBYandex social search app quickly blocked by Facebook, TechCrunch says
Facebook (FB) blocked all API calls from Yandex' (YNDX) social search app Wonder within hours of its U.S. launch, Yandex confirmed to TechCrunch. Facebook said it is discussing its policies with Yandex, according to the report. Reference Link
News For YNDX;FB From The Last 14 Days
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June 18, 2013
14:17 EDTFBSamsung may launch smartphone optimized for Facebook, Korea Times says
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09:48 EDTFBFacebook, Samsung meeting sparks mobile plan questions, TechCrunch says
Facebook (FB) CEO Mark Zuckerberg met with Samsung (SSNLF) President Shin Jong Kyun to discuss a potential future for the two companies coming together to increase their revenue from mobile device ad sales, reported TechCrunch. Reference Link
09:08 EDTFBAmazon.com announces social gift giving service
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07:42 EDTFBO'Reilly Media to hold a conference
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June 17, 2013
08:25 EDTFBInstagram may receive video on June 20, TechCrunch reports
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07:11 EDTFBApple received nearly 5,000 data requests in six months, Reuters reports
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06:19 EDTFBFacebook to launch news reader at June 20 event, TechCrunch reports
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June 14, 2013
15:23 EDTFBFacebook product launch event coming June 20, ABC says
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12:06 EDTFBFacebook in talks with government to allow FISA disclosuers, AllThignsD says
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09:01 EDTFBFacebook changes may create growth risks, says Pacific Crest
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07:15 EDTFBFacebook to stop showing search ads, AllThingsD says
Facebook will no longer show ads in its search results, according to AllThingsD. Reference Link
07:12 EDTFBLarge Internet companies could be hurt by spying revelations, Politico says
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05:51 EDTFBCompanies often reject U.S. demands for Internet data, WSJ reports
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June 12, 2013
13:33 EDTFBFacebook introduces hashtags
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06:14 EDTFBU.S. tech firms demand government transparency on security, Reutters reports
Three major U.S. Internet companies --Google (GOOG), Microsoft (MSFT) and Facebook (FB)-- called on the U.S. government to provide greater transparency on national security requests, as they sought to distance themselves from reports that portrayed the companies as willing partners in supplying mass user data to security agencies, reports Reuters.Reference Link
June 11, 2013
14:30 EDTFBFacebook CEO 'disappointed' in stock performance
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10:00 EDTYNDXYandex search engine included in Apple Safari update, GigaOM says
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June 10, 2013
12:11 EDTFBOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after S&P raised its outlook on the U.S. economy, Chinese data disappointed and Japanese stocks rallied. Stocks began the session higher but the averages turned mixed within minutes and passed back and forth across the flatline in the early minutes of the trading day. The averages made a definitive move higher about an hour into trading and have remained in positive territory since. ECONOMIC EVENTS: In the U.S., ratings agency Standard & Poor's upgraded its outlook for the U.S. economy to stable from negative, pointing to the strengthening economy and the dollar's status as the world's "key reserve currency" as contributors to its decision. In Asia, Chinese exports posted their lowest growth in almost a year in May, while inflation, growth in bank lending and investment came in below expectations. Also, factory output and retail sales grew at a pace that was similar to previous months. However, in Japan, the Nikkei index rallied nearly 5% after the nation's gross domestic product expanded by an annualized 4.1% in the first quarter, which was stronger than the prior 3.5% growth estimate. COMPANY NEWS: Apple (AAPL) advanced over 1% ahead of the start of its Worldwide Developers Conference, which kicks off with a keynote address from CEO Tim Cook scheduled for 1 pm ET. An updated mobile iOS, a new version of its desktop operating system and new MacBooks have all been rumored to debut, but the most discussed potential announcement is Apple’s "iRadio" Pandora (P) competitor. Pandora shares were down almost 3% as the event approached... Facebook (FB) shares rallied 5% after research analysts at Stifel and JPMorgan both issued positive notes to investors about the social network company. MAJOR MOVERS: Among the notable gainers was Canadian Solar (CSIQ), which rose 7% after announcing a $300M deal for solar power plant construction. Among the noteworthy losers were Dynavax (DVAX), which dropped 34% after reporting feedback from an FDA meeting regarding its investigational adult hepatitis B vaccine, and Titan International (TWI), which fell over 8% following downgrades by at least three firms. INDICES: Near noon, the Dow was up 25.89, or 0.17%, to 15,274.01; the Nasdaq was up 14.18, or 0.41%, to 3,483.40; and the S&P 500 was up 3.76, or 0.23%, to 1,647.14.
10:57 EDTFBFacebook advances following upbeat Street research
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10:28 EDTFBFacebook rises after upgrade, levels to watch
Shares are currently up over 5%, broadly outperforming the sector and peers, following an upgrade earlier today to Buy at Stifel. At the current price of $24.49, next resistance is at $25. This is an important technical level as it has been both support and resistance. Support is currently at $24.10.
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