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Stock Market & Financial Investment News

News For AAPL;C;BAC;BIDU From The Last 14 Days
Check below for free stories on AAPL;C;BAC;BIDU the last two weeks.
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June 10, 2013
13:11 EDTAAPLAnalyst says Apple to update iMac with Intel chip, Inquirer says
According to KGI Securities analyst, Ming-Chi Kuo, Apple (AAPL) will update its iMac line to use Intel (INTC) Haswell processors by July, reports the Inquirer. Reference Link
13:07 EDTAAPLApple CEO says company now has 407 retail stores globally
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12:50 EDTAAPLApple June 445 weekly straddle priced for 3.1% move into Cook’s keynote at WWDC
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12:11 EDTAAPLOn 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.
11:58 EDTAAPLPandora puts active on Apple Worldwide Developers Conference
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11:52 EDTBACTelefonica seeks bids for Irish unit during June, Bloomberg says
Telefonica (TEF) is said to be seeking offers for its Irish unit, 02, within this month, reported Bloomberg, citing two people with information on the matter. The sale process is being run by Bank of America (BAC) and Hutchison Whampoa, Eircom Group and Liberty Global’s (LBTYA) UPC Ireland were among those that received sale information, one source said. Reference Link
10:05 EDTAAPLApple to webcast live opening keynote at developers conference
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10:00 EDTBACBank of America Merrill Lynch expands transaction services in Canada
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10:00 EDTAAPLApple rises ahead of the World Wide Developer Conference
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09:39 EDTBIDU, AAPLActive equity option families trading on open
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08:30 EDTAAPLJPMorgan still likes Pandora ahead of Apple event
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08:06 EDTAAPLApple June volatility low into Worldwide Developers Conference
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07:40 EDTAAPLNielsen says social media dominates smartphones, tablets, LAT reports
A report recently released from Nielsen suggests that consumers use their smartphones and tablets for a number or reasons, however, time spent on social networking exceeds that of streaming videos or accessing sports, reported The Los Angeles Times. Reference Link
07:37 EDTAAPLApple iPhone can maintain price premium to other smartphones, says Bernstein
Bernstein believes that Apple's iPhones can continue to sell at much higher price points and higher gross margins than competing products, since Apple's Macs now sell for double the price of PCs. The firm keeps a $600 price target and Outperform rating on Apple.
07:14 EDTAAPLApple to host a conference
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07:11 EDTCNational Investor Relations Institute to host conference
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07:09 EDTAAPLE3 show not attracting video-game rising stars, WSJ reports
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07:00 EDTAAPLApple's streaming music ad sales could disappoint, AllThingsD says
Apple has had trouble selling ads for various products in the past, and ad sales for its new streaming music service may be disappointing as well, according to AllThingsD. Music companies, which will receive a percentage of the ad sales that Apple generates from the product, may be disappointed by their take, the website stated. Reference Link
06:41 EDTAAPLSome analysts say Apple product could surpass Pandora, NY Times says
Apple's (AAPL) streaming music product, expected to be announced today, could attract more users than a similar service from Pandora (P), some analysts say, according to The New York Times. Pandora has 200M users, the newspaper noted. Reference Link
06:26 EDTAAPLPiper sees 80% chance of iRadio at today's Apple event
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