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Jefferies Discusses Amazon App Store (AMZN)
Friday, March 25, 2011 - 9:30am | 155Jefferies & Co. has a Buy rating and a $205 price target on shares of Amazon.com (NASDAQ: AMZN). In a note to investors, Jefferies writes, "Amazon launched an app store Android this week and was promoting it by offering Angry Birds Rio for free to customers. Amazon's Appstore will offer a paid...
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Orbitz Worldwide Appoints Robert L. Friedman and Kristina M. Leslie to Board of Directors
Friday, March 25, 2011 - 9:26am | 117Orbitz Worldwide, Inc. (NYSE: OWW) today announced the appointment of Robert L. Friedman and Kristina M. Leslie to its Board of Directors, effective immediately. The appointees join the Orbitz board of directors following the resignations of Paul C. "Chip" Schorr, IV, and William C. Cobb. Chip...
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Bluefly Announces Participation in the Telsey Advisory Group 3rd Annual Consumer Conference
Friday, March 25, 2011 - 9:00am | 43Bluefly, Inc. (NASDAQ: BFLY), today announced that the Company will present at the Telsey Advisory Group's 3rd Annual Consumer Conference at The Westin Times Square in New York City on Thursday, March 31, 2011 at 8:10 am ET.
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In-Depth Analysis: Best Buy (BBY, AMZN, WMT, BKS, BGP)
Friday, March 25, 2011 - 8:59am | 810Best Buy (NYSE: BBY) reported fourth quarter and full year earnings yesterday and failed to meet analysts' expectations. Best Buy reported revenue of $16.26 billion in the fourth quarter compared to $16.55 billion in the same period a year ago, or a decrease of 1.8%. Net income decreased by 16.4%...
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Benzinga's Top Pre-Market NASDAQ Losers (RIMM, PANL, NFLX, XOMA)
Friday, March 25, 2011 - 8:14am | 124Research In Motion Limited (NASDAQ: RIMM) dipped 11.53% to $56.70 in the pre-market session. RIMM issued disappointing projections for the current quarter. Universal Display Corporation (NASDAQ: PANL) lost 3.04% to $47.27 in the pre-market session. PANL priced its public offering of 5,000,000...
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Deutsche Bank Predicts NFLX Future
Friday, March 25, 2011 - 8:05am | 145Deutsche Bank has issued a report on the companies attempting to take back some content from the internet and Netflix (NASDAQ: NFLX). According to Deutsche Bank, "The reality is that the content companies are beginning to show some discipline. Time Warner continues to provide very little of its...
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Priceline Target Raised To $610 From $575 At Citi (PCLN)
Friday, March 25, 2011 - 8:03am | 44Priceline's (NASDAQ: PCLN) price target has been raised to $610 from $575 at Citigroup this morning. PCLN is moving higher in the pre-market versus yesterday's close. The current price of PCLN is $481.01 which is 1.05% higher than yesterday's close.
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Morgan Stanley Reports Adjustments to NFLX-LSTZA Arrangement
Friday, March 25, 2011 - 7:56am | 103Morgan Stanley has reported a new adjustment for the arrangement between Liberty Starz (NASDAQ: LSTZA) and Netflix (NFLX). According to Morgan Stanley, "Beginning April 1st, Starz has announced that it will create a 90-day lag for the streaming rights of its future original content. More...
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Netflix Down On News Starz May Be Delaying Content (NFLX)
Thursday, March 24, 2011 - 5:11pm | 65Shares of Neflix (NASDAQ: NFLX) are down in after-hours trading on a headline from Dow Jones saying that Starz will delay original programming and first-run films to Netflix. The headline said that Starz is planning to have a 90-Day window for some content on Netflix. At last check, shares of...
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Amazon Is King Of The Retail Jungle
Thursday, March 24, 2011 - 2:14pm | 70Amazon.com Inc.(NASDAQ: AMZN) is surging higher with a strong retail sector today. The stock is trading higher by more than $5.00 to $170.75 a share. This stock could be setting up for a late day breakout if the major stock indexes can hold up. Traders should keep this stock on the radar for a...
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Top Narrow Based Indexes For March 24 (IMAX, MCP, DSCM)
Thursday, March 24, 2011 - 10:31am | 217By 10:30 am, the Dow Jones Industrial Average was up 32.55 points, or 0.27%, to 12,118.57, while the broader Standard & Poor's 500 index had gained 3.29 points, or 0.25%. The NASDAQ composite index rose 12.10 points, or 0.45%. Some of the narrow based indexes that are driving the markets are...
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Morning Market Movers (DSCM, TSON, CHRS, TLB)
Thursday, March 24, 2011 - 9:44am | 120Drugstore.com Inc (NASDAQ: DSCM) climbed 112.29% to $3.80 at 9:42 am. Walgreen Co (NYSE: WAG) agreed to buy DSCM for around $429 million in cash. TranS1 Inc (NASDAQ: TSON) shares surged 28.22% to $4.18. TSON received Food and Drug Administration (FDA) approval for a spinal implant system....
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Wedbush Lowers PetMed Target To $13
Thursday, March 24, 2011 - 8:27am | 101According to Wedbush, PetMed Express' (NASDAQ: PETS) target is lowered to $13. Wedbush reported that recent channel checks indicate an ongoing high level of competition (particularly pricing on non-prescription flea and tick products), which may present continued challenges for PETS. “Maintaining...
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Walgreens to Acquire drugstore.com, inc. for $3.80 per Share Totaling $429M
Thursday, March 24, 2011 - 8:03am | 133Walgreen Co. (NYSE: WAG) (NASDAQ: WAG) and online retailer drugstore.com, inc. (NASDAQ: DSCM) today announced a definitive merger agreement pursuant to which Walgreens will acquire drugstore.com in a transaction with a total enterprise value of approximately $409 million. Under the terms of the...
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Nintendo 3DS Due This Sunday – Can It Beat The iPad 2?
Wednesday, March 23, 2011 - 1:46pm | 134This Sunday, March 27, Nintendo is slated to release the long-awaited Nintendo 3DS, the first handheld device that offers true 3D visuals without the need for cumbersome glasses. Worldwide, pre-orders have been huge; Amazon's (NASDAQ: AMZN) UK store recently reported that the Nintendo 3DS has...