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Pandora IPO Set to Debut
Tuesday, June 14, 2011 - 11:42am | 847By Carol Kopp As the music site prepares to debut its IPO, some say its popularity comes at too high a cost. Internet-based music service Pandora debuts its IPO on Wednesday with the kind of rags-to-riches story that investors ought to love: Sole survivor of the War of 2000 between the music...
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UPDATE: J. C. Penney Company Names Apple's Ron Johnson as Its Next CEO, Effective November 1
Tuesday, June 14, 2011 - 11:32am | 124Myron E. Ullman, III, chairman and chief executive officer of J. C. Penney Company, Inc. (NYSE: JCP), today announced that Ron Johnson has been named the Company's next chief executive officer, succeeding Mr. Ullman in that role. Mr. Johnson will assume the CEO position on Nov. 1, 2011, and...
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J.C. Penney's Jumping
Tuesday, June 14, 2011 - 11:09am | 96J.C. Penney Company, Inc. (NYSE: JCP) shares just started soaring after news broke that the company hired Apple's (NASDAQ: AAPL) Ron Johnson to become JCP President. The news was cited from the Wall Street Journal and Dow Jones. At last check, shares of J.C. Penney were up $1.54 to $31.65, a gain...
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Rodman & Renshaw Reiterates Outperform Rating on Nokia
Tuesday, June 14, 2011 - 10:17am | 137Rodman & Renshaw is out with a research report this morning, where it reiterates its Outperform rating on Nokia (NYSE: NOK); it has a $10.00 price target on the stock. The R&R analysts cited the company's recent announcement that it has resolved all patent litigation with Apple (NASDAQ:...
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Rodman & Renshaw Reports Nokia Resolves Patent Litigation With Apple
Tuesday, June 14, 2011 - 10:05am | 154According to Rodman & Renshaw, Nokia (NYSE: NOK) has resolved all patent litigation with Apple (NASDAQ: AAPL). Rodman & Renshaw said that the patent litigation dates back to 2009 when Nokia filed suit against Apple for a number of IPR (intellectual property rights) issues and Apple counter...
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Sterne Agee Maintains Buy on Hewlett-Packard
Tuesday, June 14, 2011 - 8:34am | 102Sterne Agee is out with its report today on Hewlett-Packard (NYSE: HPQ), maintaining Buy. In a note to clients, Sterne Agee writes, "We maintain our Buy rating on HPQ shares as we find the risk-reward favorable at 6.5x CY12 EPS. In addition, we view HPQ as a fairly defensive play with its...
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UPDATE: J.P. Morgan Color on Research in Motion PT Decrease
Tuesday, June 14, 2011 - 8:27am | 147J.P. Morgan, which lowered its PT on shares of Research in Motion (NASDAQ: RIMM), is providing some color on the stock. “We are materially reducing our RIMM forecasts in this FQ1 earnings preview,” J.P. Morgan writes. “Though 9900 delays are not confirmed we suspect that reports of delayed...
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News Summary for June 14, 2011
Tuesday, June 14, 2011 - 7:49am | 258This is your Benzinga news summary and traders' outlook for Tuesday, June 14, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher as crude oil futures trade lower. The U.S. dollar is trading slightly...
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Active Screen - CANSLIM: Top 8 for June 14th
Tuesday, June 14, 2011 - 7:19am | 1775Despite additional loses in the market, our top-8 of qualifying stocks remained unchanged. The following CANSLIM stock screener settings were employed: The eight stocks, as ranked by Market Cap, were Apple (AAPL), Vale S.A. (VALE), Barrick Gold (ABX), Baidu (BIDU), Cognizant Technology Solutions (...
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Sony Tape Shortage Could Be a Positive for Avid
Tuesday, June 14, 2011 - 7:13am | 104Sony (NYSE: SNE) HDCAM SR tapes are in very short supply “owing to disruption by the Sendai earthquake on production in Japan,” J.P. Morgan reports. “We note that online sales are subject to shipping uncertainty, and there have been press reports of prices spiking more than 4-fold since March,” J....
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BMC Reiterates Hold on Hewlett-Packard
Tuesday, June 14, 2011 - 6:56am | 84BMC reiterated its Hold rating on Hewlett-Packard (NYSE: HPQ) after the company announced its latest round of organizational changes. In a research report published today, BMC stressed its belief that the company's restructuring process has some way to go, thus reaffirming its position on the...
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Apple Settles Patent Suit with Nokia
Tuesday, June 14, 2011 - 6:49am | 243Nokia (NYSE: NOK) announced Tuesday that it had signed a patent license agreement with Apple (NASDAQ: AAPL), ending litigation between the two companies. "We are very pleased to have Apple join the growing number of Nokia licensees," said Stephen Elop, president and chief executive officer of...
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HP Realigns Management to Pursue China and India
Tuesday, June 14, 2011 - 6:04am | 276Hewlett-Packard Company (NYSE: HPQ), in an effort to sustain its wavering grasp on the technology sector, announced Monday that two managers would be leaving the company, with another executive joining the board. Executive vice president and chief administrative officer Pete Bocian and executive...
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Stocks To Watch For June 14
Tuesday, June 14, 2011 - 1:08am | 232Some of the stocks that may grab investor focus today are: Analysts expect Best Buy Co Inc (NYSE: BBY) to report its Q1 EPS at $0.33 on revenue of $10.70 billion. BBY shares jumped 0.56% to $28.98 in after-hours trading. Hewlett-Packard Co (NYSE: HPQ) named 29-year veteran Ann Livermore to the...
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HP Announces Organizational Changes
Monday, June 13, 2011 - 4:11pm | 142HP (NYSE: HPQ) today announced organizational changes that will more closely align its corporate structure with the strategy it announced in March. Ann Livermore has been elected to the HP board. While she will step down from her day-to-day management of the HP Enterprise Business, Livermore will...