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NetApp Inc

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  • NetApp CEO Tom Georgens steps down Monday, 1 Jun 2015 | 4:22 PM ET

    June 1- Data storage equipment maker NetApp Inc said Tom Georgens had stepped down as chairman and chief executive. George Kurian, NetApp's executive vice-president of product operations, will replace Georgens as CEO. NetApp had also said it was cutting about 500 jobs.

  • Lumber Liquidators, NetApp are big market movers Thursday, 21 May 2015 | 4:46 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Lumber Liquidators Holdings Inc., down $4.17 to $21.10. Best Buy Co., up $1.33 to $35.11.

  • *Shake Shack hits record on trademark filing. May 21- U.S. stocks rose in afternoon trading on Thursday, with the S&P 500 just shy of its record high and the Nasdaq crossing its record close, as disappointing economic data bolstered the view that an interest rate hike would come only later in the year. Federal Reserve officials all but ruled out a rate hike next month...

  • *Shake Shack hits record on trademark filing. May 21- Wall Street was higher in late morning trading on Thursday, with the S&P 500 a whisker away from a record high, as a fresh batch of disappointing economic data bolstered expectations that the Federal Reserve would not raise interest rates any time soon. "I doubt we'll see a rate hike this year," said Paul Nolte,...

  • US STOCKS-Wall St shrugs off weak data to inch higher Thursday, 21 May 2015 | 10:22 AM ET

    *Lumber Liquidators plunges after CEO resigns. *CVS up on $10.1 bln Omnicare deal. May 21- U.S. stocks moved higher in morning trading on Thursday as investors shrugged of fresh batch of weaker-than-expected data, which came a day after the Federal Reserve all but ruled out an interest rate hike in June.

  • NetApp sank 9 percent early Thursday, the most in the Standard& Poor's 500 index, after reporting disappointing results. Dollar Tree fell 1 percent after reporting results that came in below analysts' expectations. U.S. benchmark crude was up $1.04 to $60.02 a barrel in New York.

  • *Lumber Liquidators plunges after CEO resigns unexpectedly. *Best Buy rises; NetApp falls after results. *CVS up on $10.1 bln Omnicare deal.

  • May 21- U.S. stock index futures were slightly lower on Thursday, a day after minutes from the latest Federal Reserve meeting bolstered expectations that interest rates would stay near zero until later this year. The jobless claims data is due at 8:30 a.m. ET. *Data measuring the growth in the U.S. manufacturing sector in May is due at 9:45 a.m. ET and 15 minutes...

  • UPDATE 1-NetApp results miss estimates; shares fall Wednesday, 20 May 2015 | 6:34 PM ET

    May 20- Data storage equipment maker NetApp Inc reported fourth-quarter results below analysts' estimates, hurt by lower sales to original equipment manufacturers, sending its shares down more than 10 percent in extended trading. NetApp has been trying to boost growth by focusing on cloud-based products as businesses cut spending on high-end storage...

  • NetApp to cut 500 jobs Wednesday, 20 May 2015 | 5:23 PM ET

    May 20- Data storage equipment maker NetApp Inc is cutting about 500 jobs, after it reported weak fourth-quarter results and gave current quarter forecast below estimates. The company said it expected to incur charges of about $25 million to $35 million related to the terminations, the company said in a regulatory filing. Most of the charges will be recognized...

  • *Yahoo up after sharp selloff on Tuesday. *Pep Boys up after report of takeover approach. May 20- Wall Street was set to open little changed on Wednesday with investors cautious ahead of the release of minutes from last month's Federal Reserve meeting, which is expected to shed light on when interest rates will be hiked.

  • US STOCKS-Futures slightly higher ahead of Fed minutes Wednesday, 20 May 2015 | 7:35 AM ET

    May 20- U.S. stock index futures were slightly higher on Wednesday, a day after the Dow closed at a record high for the second straight day and ahead of the release of minutes from last month's Federal Reserve meeting. The minutes are expected to be released at 2:00 p.m. ET. *A rate hike is not likely to be appropriate until early 2016, Chicago Fed President Charles...

  • Forget Fed minutes, markets are focused on this Tuesday, 19 May 2015 | 6:24 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Minutes from the Fed's last meeting should sound dovish when they are released Wednesday, but markets are already looking ahead to a speech Friday from Janet Yellen.

  • Disruptor 50: No. 16 Pure Storage Tuesday, 12 May 2015 | 7:00 AM ET
    (left to right) Pure Storage CEO Scott Dietzen and co-founders John Hayes and John "Coz" Colgrove

    The secret to this company's success is its flash memory technology, a method that's faster and simpler than traditional disk storage.

  • April 10- Security software maker Symantec Corp has been seeking buyers for its storage software business, Veritas, or the entire company for several months, sources familiar with the matter said. Symantec has approached NetApp Inc, EMC Corp and several private equity firms to gauge their interest, the people said, asking asked not to be identified as the...

  • Traders see rally in this former high flyer Monday, 6 Apr 2015 | 11:24 AM ET

    Some traders are betting on a big rally in NetApp.

  • Early movers: Biogen, Staples, Pfizer & more Monday, 23 Mar 2015 | 8:16 AM ET
    Traders on the floor of the New York Stock Exchange.

    Take a look at some of Monday's early movers:

  • Intel, HP down. Who’s the next dollar casualty? Friday, 13 Mar 2015 | 11:30 AM ET
    A board shows U.S. dollar exchange rates in Rio de Janeiro.

    Many investors see big exporting industrials as having the most to lose as the U.S. dollar surges. They're wrong.

  • Google launches cloud service for 'cold data' Wednesday, 11 Mar 2015 | 12:14 PM ET

    March 11- Google Inc introduced a cloud storage service for users to store "cold data" and access it much faster than traditional services. Amazon.com Inc's cloud service Amazon Web Services offers a similarly priced service called Glacier. Google listed data storage providers such as Symantec Corp, NetApp Inc and Iron Mountain Inc as partners for the new...

  • What could Apple buy next? Monday, 9 Mar 2015 | 11:59 AM ET
    Apple CEO Tim Cook presents the new iPad Air at an event in San Francisco

    Apple is unveiling its latest creation today, but beyond Watch, it still has some big lineup gaps where its cash can be put to acquisitions.