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  • 11/14/2017 10:13:41

    BRIEF-Jana Partners takes sole share stake in UnitedHealth, dissolves sole share stake in Cognizant

    Jana Partners LLC. * Jana Partners LLC takes sole share stake of 227,730 shares in UnitedHealth Group Inc (UNH) - SEC filing. * Jana Partners LLC dissolves sole share stake in Cognizant Technology Solutions (CTSH). * Jana Partners LLC - Change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017. * Source text for quarter ended Sept 30, 2017.

  • 11/13/2017 21:53:53

    Amazon to sell China cloud services unit in $300 mln deal

    Amazon.com Inc's Chinese partner, Beijing Sinnet Technology Co., said it would purchase Amazon's Chinese web services business for up to 2 billion yuan, ending the U.S. firms's cloud-computing business in the country.

  • 11/13/2017 14:01:59

    BRIEF-PAR Technology Corp Q3 GAAP loss per share $0.10

    * PAR Technology corporation announces 2017 third quarter results from continuing operations

  • 11/07/2017 15:37:51

    Coherent shares rise 8% after earnings, sales beat

    Shares of Coherent Inc. rose 8% late Tuesday after the Santa Clara, Calif., company reported fiscal 2017 fourth-quarter earnings and sales above Wall Street expectations. Coherent said it earned $74 million, or $2.96 a share, in the quarter, compared with $31 million, or $1.25 a share, in the year-ago period. Adjusted for one-time items, the company, which makes lasers and provides laser-based technology to several industries, earned $93 million, or $3.72 a share, compared with $41 million, or $1.65 a share, a year ago. Revenue rose to $490 million, compared with $249 million a year ago. Analysts polled by FactSet had expected adjusted earnings of $3.45 a share on sales of $475 million. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/07/2017 09:37:03

    Apple's stock comes up a nickel short of reaching the $900 billion market-cap level

    Apple Inc.'s rallied to a fresh all-time intraday high of $175.25 earlier Tuesday before paring some gains, coming just short of the level needed to push the technology giant's market capitalization above $900 billion for the first time. With 5,134,312,000 shares outstanding as of Oct. 20, the stock would have to rise to $175.30 to break the $900 billion level. The stock was last up 0.2% at $174.54, giving Apple a market cap of $896.14 billion. That's over $170 billion more than the second most valuable company, Google parent Alphabet Inc. , which is worth $721.82 billion. Apple shares have now gained 3.8% since the company reported fiscal fourth-quarter results after the Nov. 2 close. The stock has climbed 51% year to date, while the Dow Jones Industrial Average has gained 19%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/02/2017 02:00:00

    Arecont Vision Adds Visual Management Systems Ltd To Its Technology Partner Program

    Arecont Vision®, a provider of IP-based megapixel camera technology, has announced that Visual Management Systems Ltd., the developer of the TITAN VISION PSIM (Physical Security Information Management System), has joined the Arecont Vision Technology Partner Program. Visual Management Systems “We are excited to team with Arecont Vision and to be part of their Technology Partner Program”, said Jay Shields, Managing Director for Visual Management Systems Ltd. “Our complete, tailored PSIM solutions help our customers and partners to integrate and manage the largest and most complex security systems in a variety of verticals. The excellent image quality from the Arecont Vision cameras allows our applications to work at peak performance, providing the best solution for our mutual customers.” Visual Management Systems Ltd. is the provider of Titan Vision, the open platform, vendor independent,...

  • 10/17/2017 18:55:29

    Reports of harassment, verbal abuse emerge against Bob Weinstein

    Hollywood producer Bob Weinstein, the brother of disgraced mogul Harvey Weinstein, bullied employees and sexually harassed a female producer, according to separate reports Tuesday. Amanda Segel, an executive producer on the TV miniseries "The Mist," which was produced by the Weinstein Co., told Variety that Bob Weinstein repeatedly sexually harassed her over a period of three months in 2016. Weinstein and his lawyer both strongly denied wrongdoing. In a separate report, the Wall Street Journal late Tuesday reported that Weinstein exhibited a pattern of bullying and abusive behavior toward employees, according to multiple sources, which would not have been tolerated at most other American companies. "Bob Weinstein was genuinely abusive to people in my company," former Walt Disney Co. studio chief Jeffrey Katzenberg said in an interview Tuesday at The Wall Street Journal's WSJ D.Live technology conference in Southern California. Last week, Harvey Weinstein was ousted from his company after numerous reports of sexual misconduct and sexual abuse against him emerged. On Monday, the Weinstein Co. said it was in talks for a potential sale of the company.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/17/2017 06:15:15

    Synchronoss's stock shoots up after subsidiary sale, equity investment

    Shares of Synchronoss Technologies Inc. shot up 14% in premarket trade Tuesday, after the software company announced a deal to sell a subsidiary and receive another equity investment from its largest shareholder. The company said that after completing a review of strategic alternatives, it decided to sell its wholly-owned subsidiary Intralinks Holdings Inc. to private-equity firm Siris Capital Group LLC for $1 billion. As part of the agreement, Siris will make a $185 million investment in convertible preferred equity of Synchronoss, which would be convertible into 19.8% of Synchronoss's shares outstanding. Recent filings show Siris Capital was Synchronoss's largest shareholder with a stake of 6.0 million shares, or 12.9% of the shares outstanding as of Oct. 5, according to FactSet. The deal with Siris will allow Synchronoss to focus on its core communications and media business. The stock had plunged 64% year to date through Monday, while the SPDR Technology Select Sector ETF had climbed 26% and the S&P 500 had rallied 14%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/10/2017 11:34:22

    BRIEF-Polar Asset Management Partners reports 10.87 pct passive stake in Draper Oakwood Technology Acquisition as of Sept. 30

    * Polar Asset Management Partners Inc reports 10.87 percent passive stake in Draper Oakwood Technology Acquisition Inc as of Sept. 30, 2017 - SEC filing‍​ Source text - (http://bit.ly/2wMCf3O) Further company coverage:

  • 10/09/2017 09:44:29

    Apple praises French iPhone work before meeting tough-talking Macron

    PARIS, Oct 9 (Reuters) - Apple boss Tim Cook went out of his way on Monday to single out a small French firm behind innovative features in the latest iPhones ahead of meeting with President Emmanuel Macron, who has called for a tougher line on technology company taxes.

  • 09/27/2017 13:51:28

    Applied Materials to buy back $3 billion in shares, sees $5.08 EPS by 2020

    Shares of Applied Materials Inc. surged Wednesday on positive momentum in the chip sector and the chip materials company's long-term forecast and share buyback program. Applied Materials shares rallied 6.9% to $49.09, helped in part by Micron Technology Inc.'s strong forecast for memory chips, and are up 52% year to date. Applied Materials forecast adjusted earnings of $5.08 a share in fiscal 2020 as Internet-of-things applications, Big Data and artificial intelligence drive computing demand. For the current year, analysts surveyed by FactSet expect fiscal earnings of $3.21 a share. The company also announced a new $3 billion share repurchase program in addition to the $995 million that remains on an earlier program. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/27/2017 10:56:19

    Delphi & BlackBerry to Offer Software for Self-Driving Cars

    Delphi Automotive PLC DLPH reported that it is partnering with BlackBerry Limited BBRY to provide operating system for the company s self driving system Both companies are collaborating to strengthen operating systems software for the autonomous driving technology BlackBerry QNX will

  • 09/27/2017 09:52:55

    Navistar Partners Volkswagen on Electric Truck, Connectivity

    Per a Reuters news Navistar International Corporation NAV and German auto major Volkswagen AG VLKAY and collaborated on the introduction of an electric medium duty truck in North America by late 2019 Also the partnership has planned to develop a common technology platform to integrate

  • 09/26/2017 09:34:31

    AMC is partnering with Dreamscape Immersive to scale virtual reality technology in Hollywood

    Movie theater chain AMC Entertainment Inc. said on Tuesday that it has entered into a wide-ranging strategic partnership with location-based virtual reality start up Dreamscape Immersive in a move that both side hope will "rapidly scale the development" of the virtual reality technology. AMC shares rose as much as 4% in Tuesday morning trade. As part of the deal, AMC will lead a $20 million series B funding round and invest $10 million in Dreamscape, as well as finance up to six Dreamscape VR centers in its cinemas over the next 18 months. AMC's theaters are also home to some of Imax Corp.'s VR centers. AMC will also invest $10 million into a content fund. Dreamscape has green-lit its first piece of original content and is in licensing talks with Hollywood studios. Dreamscape's series A funding round includes investors such as, Time Warner Inc.-owned Warner Bros., 21st Century Fox , Imax and Steven Spielberg. Shares of AMC have declined nearly 54% in the year to date, while the S&P 500 index is up more than 11%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/25/2017 08:52:58

    Apple's 4-day stock tumble has been biggest drag on Dow industrials

    The Dow Jones Industrial Average on Monday, trying to avoid a three-session skid, will need help from shares of Apple which has been the biggest drag over the past several sessions. Dow component Apple Inc.'s shares have fallen for four straight sessions and has knocked off more than 50 points from the blue-chips gauge over that period, exacting the biggest toll on the price-weighted benchmark of any of its 30 components, according to WSJ Market Data Group. Apple pared its earlier Monday morning drop, but is still off about 1.2%, or $1.84, and looking at falling below $150.05, which would mark its lowest level since Aug. 1. A $1 move in any one of the Dow's components is equal to a 6.89-point swing in the average. In most recent trade, the Dow was trading off 44 points, or 0.3%, at 22,293, the S&P 500 index was down 8 points, or 0.3%, at around 2,494, while the Nasdaq Composite Index was down 0.9% at 6,368, as technology shares were under pressure from Apple's stock decline. Apple's retreat on Monday comes as Digitimes reported that Apple has told component suppliers to withhold part of the shipments of parts used in production of its iPhone X handset, citing sources from Taiwan-based upstream component suppliers. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/18/2017 15:10:37

    Wall St. clings to records, helped by banks; tech falters

    (Reuters) - The S&P 500 ended slightly higher on Monday as financial stocks rose ahead of a Federal Reserve meeting, but the Nasdaq pared gains sharply as technology stocks lost ground late in the session.

  • 09/18/2017 14:03:54

    Wall St. edges higher, led by financials

    NEW YORK (Reuters) - The S&P 500 clung to a small gain on Monday, led by financial stocks ahead of a Federal Reserve meeting, while Nasdaq pared gains sharply as technology stocks lost ground late in the day.

  • 09/12/2017 21:22:47

    WhatsApp co-founder Brian Acton leaving Facebook

    WhatsApp co-founder Brian Acton announced his departure from the company Tuesday, three years after Facebook Inc. bought the messaging app for $22 billion. "After 8 years at WhatsApp, I have decided to move on and start a new chapter in my life," he said in a Facebook post. Acton said he intends to start a foundation "focused at the intersection of nonprofit, technology and communications." Acton ran WhatsApp's engineering team. His fellow co-founder, CEO Jan Koum, will remain at the company. Last week, Facebook said it would eventually start charging companies for some of WhatsApp's features as it seeks a path to monetization. In July, Facebook said WhatsApp had reached 1 billion daily active users, but that it will take a few years to start making money from the app. Facebook shares are up 17% in the past three months, and up 50% year to date, compared to compared to the S&P 500's gains of 3% and 12%, respectively.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/11/2017 14:07:38

    S&P 500 logs 31st closing record of 2017 as stock market bounces in 'relief rally'

    U.S. stocks on Monday kicked off the first full week of trading in September with a bang, underlined by the S&P 500 ending at a record, as a raft of meteorological and geopolitical jitters gave way to a re-emergence of appetite for assets perceived as risky. The S&P 500 index closed up 1.1% at 2,488, marking its first record close since Aug. 7, buoyed by gains in the technology and financials sectors. Financials, as gauged by the PowerShares KBW Bank Portfolio and the Financial Select Sector SPDR ETF booked their best daily rises since June 9, according to FactSet data. Bank stocks benefited from a resurgence in benchmark Treasury yields, with the 10-year Treasury note rising to 2.13%, compared with 2.05% late Friday. Higher yields support a banks's business models. The Dow Jones Industrial Average , meanwhile, jumped about 260 points, retaking is perch above 22,000, while the Nasdaq Composite Index closed up 1.1%. The technology sector has often been viewed as a gauge of Wall Street's tolerance for risk, seeing heavy bidding when investors feel bullish on the market. Monday's bounce was attributed to Hurricane Irma hitting Florida with less force than feared and North Korea refraining from conducting another missile test in the Korean Peninsula, factors that last week had helped push stocks and bonds mostly lower. The relatively milder impact of Hurricane Irma helped insurers, bracing for bigger liabilities from the storm, rally, highlighted by a 3.1% advance in the PowerShares KBW Property & Casualty Insurance Portfolio , a popular exchange-traded fund used to invest in the in the sector. Art Cashin, UBS's director of floor operations, on CNBC described Monday trading as a two-pronged "sigh of relief rally." In corporate news, shares of Apple Inc. bounced 1.8% ahead of what is expected to be the debut of a fresh lineup of iPhones and other products from the Cupertino, Calif.-based tech giant. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 14:09:52

    Markets Right Now: Banks, insurers weigh on stock market

    Stocks are closing mixed as steep losses for banks and insurance companies are partly offset by gains in health care and technology companies.

  • 09/05/2017 15:55:53

    GoDaddy slips as investors seek to sell shares in secondary offering

    GoDaddy Inc. shares slipped in the extended session Tuesday after the domain name company announced that several investors were selling shares in a secondary offering of its shares. GoDaddy shares declined 2.5% to $44.05 after hours, after closing up 0.5% during the regular session. GoDaddy said the offering consists of 20 million shares held by Kohlberg Kravis Roberts & Co., Silver Lake Partners, Technology Crossover Ventures, and YAM Special Holdings Inc., which is owned by GoDaddy founder Bob Parsons. GoDaddy has about 165 million shares outstanding. Morgan Stanley and Goldman Sachs are the bookrunners for the offering. GoDaddy will not receive proceeds from the offering but the company is also offering 50,000 shares to pay for transaction expenses. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/05/2017 11:47:28

    BRIEF-Via, Daimler to design shared ride vehicle

    * Via and Daimler announce strategic investment and partnership to bring Via's technology to Europe and develop future mobility solutions

  • 09/05/2017 06:46:25

    Cellectis's stock plunges after leukemia treatment trials were put on hold

    Shares of Cellectis S.A. plunged 31% in active premarket trade Tuesday, after the company said two phase 1 trials of its leukemia treatment were put on hold after a fatality was reported. Volume was 194,000 shares about 45 minutes before the open, already more than the full-day average of about 131,000 shares. The Paris-based biopharmaceutical company said it was working closely with the Food and Drug Administration to resume the trials with an amended protocol, including a lower dosing. The stock, which had closed Friday at a 15-month high, had soared 90% year to date through Friday, while the iShares Nasdaq Biotechnology ETF had rallied 27% and the S&P 500 had climbed 11%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/30/2017 14:31:43

    Stocks climb as stronger economic growth cheers investors

    US stocks rise after the Commerce Department raised its estimate for second-quarter economic growth with technology companies, retailers and travel providers, health care companies and banks leading the way

  • 08/30/2017 14:02:46

    U.S. stocks end higher; Nasdaq boosted by biotech gain

    U.S. stocks ended higher on Wednesday, with the Nasdaq seeing a particular gain on the strength of biotechnology companies, while the S&P 500 closed higher for a fourth straight session. The Dow Jones Industrial Average rose 25 points, or 0.1%, to 21,890. The S&P 500 added 11 points to 2,457, a gain of 0.5%. The Nasdaq Composite Index advanced 66 points to 6,368, a rise of 1.1%. The biotechnology sector was one of the strongest of the day, with the iShares Nasdaq Biotechnology ETF up 1.9%, boosted by Gilead Sciences , which surged 7.3%, and Incyte Corp. , up 10.6%. Markets were also supported by strong economic data, including better-than-expected reads on economic growth and private-sector employment. The Dow was pressured by Travelers Companies Inc. , which fell 1%, and by Verizon Communications , which was off 0.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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