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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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| May 6, 2013 |
| 16:39 EDT |  | BAC | On The Fly: Closing Wrap
The Wall Street averages were mixed as a light news flow and light volume did little to catalyze a further advance. Still, with its positive close, the S&P 500 managed to set a new all-time closing high. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Bank of America (BAC) and MBIA (MBI) announced a comprehensive settlement to resolve all claims between the two companies. As part of the settlement, Bank of America will pay MBIA $1.6B in cash, receive warrants to purchase a 4.9% equity stake in MBIA and provide a $500M credit facility to the bond insurer. Bank of America also said it would take $1.3B in Q1 charges related to the settlement and that its first quarter earnings would be negatively impacted by 10c per share. Shares of MBIA, which spiked higher near noon after Dow Jones first reported the settlement, closed up $4.46, or 45.37%, to $14.29. Bank of America shares added 64c, or 5.23%, to $12.88... A team of private-equity firms led by Bain Capital and Golden Gate Capital agreed to buy BMC Software (BMC) for $46.25 per share in cash, or $6.9B. BMC shares, which have added more than 14% year-to-date amidst reports of negotiations for the deal, closed unchanged at $45.42. MAJOR MOVERS: Among notable gainers was Arkansas Best (ABFS), up $4.18, or 39.62%, to $14.73 after reaching a tentative labor agreement with the Teamsters union. Also higher was Tesla (TSLA), up $4.95, or 9.07%, to an all-time closing high of $59.50 after Barclays raised its price target on shares to $56 from $38 and the company named Aston Martin's lead vehicle engineer as VP of vehicle engineering. Among the noteworthy losers were LINN Energy (LINE), down $1.97, or 5.21%, to $35.75, and its spin-off LinnCo (LNCO), down $2.59, or 6.2%, to $39.24, following a cautious mention in this weekend's Barron's magazine. Also lower were shares of Tyson Foods (TSN), down 83c, or 3.33%, to $24.10 after its earnings report. INDICES: The Dow was down 5.07, or 0.03%, to 14,968.89; the Nasdaq was up 14.34, or 0.42%, to 3,392.97; and the S&P 500 was up 3.08, or 0.19%, to 1,617.50. |
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| 16:03 EDT |  | AAPL, C | Options Update; May 6, 2013
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| 15:48 EDT |  | BAC | MBIA to receive $1.7B net payment in settlement with Bank of America
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| 15:44 EDT | | BAC | BofA receives warrants for 9.94M shares of MBIA stock as part of settlement
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| 15:42 EDT | | BAC | MBIA to receive $1.7B net payment in settlement with Bank of America
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| 15:35 EDT | | BAC | BofA confirms settlement with MBIA, lowers Q1 EPS by 10c
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| 15:31 EDT |  | BAC | BofA says MBIA pact, related issues cuts Q1 net EPS by 10c per share
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| 15:29 EDT | | BAC | Bank of America confirms comprehensive settlement With MBIA
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| 13:19 EDT |  | C | Citigroup investor: Idea of splitting bank 'completely dead,' Reuters reports
Saudi prince Alwaleed bin Talal, Citigroup's largest individual shareholder, says that the idea of splitting up the bank is "dead completely," adding that the conservative strategy of CEO Mike Corbat is starting to reflect in its financial results, Reuters reports. Reference Link |
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| 12:59 EDT | | BAC | Bank of America, MBIA in $1.7B mortgage settlement, WSJ reports
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| 12:53 EDT | | BAC | On The Fly: Midday Wrap
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| 12:46 EDT | | C | Citigroup investor: Idea of splitting bank 'completely dead,' Reuters reports
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| 12:33 EDT | | BAC | Merrill Lynch Wealth Management names Ashvin Chhabra CIO
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| 12:16 EDT | | BAC | MBIA continues rise, up 39% after Dow says to settle suit with BofA
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| 12:12 EDT | | BAC | Bank of America up 3% after Dow reports settlement of suit with MBIA
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| 12:09 EDT | | BAC | Bank of America to take 5% stake in MBIA, pay $1.6B in cash, DJ reports
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| 09:46 EDT |  | AAPL | Apple rises at the open, levels to watch
The shares are broadly out-performing this morning, up over 2% at time of writing. At the current price of $459.46, next resistance is at $461.78. Support is at the low of the session at $454.36. |
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| 09:43 EDT | | BAC | NY to sue Wells, BofA over mortgage settlement violations, NYT says
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| 09:38 EDT | | AAPL | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL FSLR NFLX GOOG |
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| 08:04 EDT |  | AAPL | Apple price target raised to $525 from $465 at Barclays
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