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News Breaks | | | | September 17, 2012 | | 16:19 EDT |  | GRPN, DHR, AAPL, THLD, IRIS, JAZZ, GM | On The Fly: Closing Wrap
Stocks on Wall Street were lower, taking a pause from a recent rally that put the S&P near highs it hasn't seen in five years. Stock futures, which had already been weak, softened further after the disappointing Empire State manufacturing reading, which led to a lower opening for the broader market. Against the backdrop of the soft domestic data and rising yields in peripheral European sovereign bonds, investors saw little reason to step in and stem the selling. Dueling trade complaints from the United States and China to the World Trade Organization did little to build confidence either. The averages continued to drift lower slowly but fairly steadily most of the whole session, with an unexplained late day fall in the price of oil lending further fuel to the downdraft... ECONOMIC EVENTS: Domestically, the New York Fed’s measure of factory activity in the state, the “Empire State” index, slid to minus 10.41, versus expectations for it to improve to minus 2. Also, oil prices declined sharply before trading in New York ended for the day, though the White House responded to rumors by saying there was "no change" for strategic petroleum reserves and the CME Group said it was not aware of any technical issues responsible for the crude sell-off... COMPANY NEWS: Apple (AAPL) said that pre-orders for its latest iPhone doubled the prior record for the device by topping 2M sold in 24 hours. The news, along with more positive commentary and price target increases from Street analysts, helped push shares up $8.50, or 1.23%, to $699.78... General Motors (GM) has been rebuffed by the Treasury Department in pleas to the government to sell its remaining stake in the auto maker at a loss, according to a Wall Street Journal report... MAJOR MOVERS: Among the notable gainers were IRIS International (IRIS), up $6.12, or 45.60%, to $19.54, after agreeing to be acquired by Danaher (DHR) for $19.50 per share, and Jazz Pharmaceuticals (JAZZ), up $7.17, or 14.90%, to $55.29, following a ruling in a patent case for its narcolepsy drug Xyrem that an analyst said appeared to be favorable. Noteworthy losers included Threshold Pharmaceuticals (THLD), down $1.72, or 19.72%, to $7.00, after the company said one of its cancer drugs did not have a statistically significant impact on overall survival in a trial, and Groupon (GRPN), down 52c, or 9.87%, to $4.75, as Evercore added the stock to its "Conviction Sell" list and a firm that tracks local advertising and commerce said the online deals marketplace is maturing and may be near saturation... INDICES: The Dow lost 40.27, or 0.30%, to 13,553.10; the Nasdaq fell 5.28, or 0.17%, to 3,178.67; and the S&P 500 dropped 4.58, or 0.31%, to 1,461.19. | |
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News For AAPL;GM;IRIS;DHR;JAZZ;THLD;GRPN From The Last 14 Days Check below for free stories on AAPL;GM;IRIS;DHR;JAZZ;THLD;GRPN the last two weeks. |
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| May 22, 2013 | | 12:17 EDT |  | GM | GM to bring apps to some autos, Cnet reports
 Subscribe for More Information | | | 12:07 EDT | | AAPL | Consumer Reports says Galaxy S 4 is top smartphone, iPhone 5 fifth, CNN says
Subscribe for More Information | | | 11:06 EDT |  | GM | Auto industry rallies after Ford, Chrysler curtail summer breaks
Shares of Ford (F), Fiat (FIATY) and GM (GM) are climbing after Ford and Fiat's Chrysler subsidiary announced that they would curtail their factories' traditional two week summer hiatus. Shares of a number of auto parts makers are also advancing following the news. WHAT'S NEW: Ford said it would idle some of its plants for only one week this summer, down from the usual two weeks. Chrysler reported that it would keep three of its assembly plants open all summer, while four of its plants will close for just one week and almost all of its engine, transmission and stamping plants will not take any breaks, according to Automotive News. GM did not disclose its specific plans, the website added. TODAY'S PRICE ACTION: In mid-morning trading, Ford climbed 1.7% to $15.20, Fiat added 0.9% to $7.05, and GM rose 0.8% to $33.65. Among auto parts makers, American Axle (AXL) advanced 1.6% to $17, Johnson Controls (JCI) climbed 0.8% to $37.85, and Dana Holding (DAN) rose 1.2% to $18.80. | | | 09:42 EDT |  | AAPL | Apple rises in early trading, levels to watch
Subscribe for More Information | | | 09:39 EDT |  | AAPL | Active equity option families trading
Subscribe for More Information | | | 07:28 EDT |  | THLD | UBS to host a conference
Global Healthcare Services Conference is being held in New York on May 20-22 with webcasted company presentations to begin on May 22 at 8 am; not all company presentations may be webcasted. Webcast Link | | | 07:10 EDT | | AAPL | Apple bonds lose $280.6M as rates increase, Bloomberg reports
Apple’s bonds have lost $280.6M of market value since buyers bought $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, reports Bloomberg.Reference Link | | | 07:09 EDT | | AAPL | Apple used unusual tax loophole in Ireland to shelter billions, Reuters reports
Subscribe for More Information | | | 06:02 EDT | | AAPL | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Since the financial crisis, bonds backed by a single loan have been less common than securities made up of a group of unrelated loans. But the market for loans on commercial properties has changed in recent months and is booming again--$12.1B so far this year--the Wall Street Journal reports...Big phone companies (SAP, T, TEF, VZ, VOD, CCO) have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns, the Wall Street Journal reports...REUTERS: Apple's (AAPL) ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple channeled profits into Irish-incorporated subsidiaries that had no declared tax residency anywhere in the world, Reuters reports...The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from the Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, Reuters reports...BLOOMBERG: Samsung (SSNLF) and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs nearly $10,000 a set. The misstep has created an opening for Sony (SNE), Sharp (SHCAY) and Chinese maker Skyworth Digital, Bloomberg reports...Apple’s (AAPL) bonds have lost $280.6M of market value since buyers snapped up $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, Bloomberg reports. | | | May 21, 2013 | | 16:04 EDT | | AAPL | Options Update; May 21, 2013
Subscribe for More Information | | | | 09:42 EDT | | AAPL | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C | | | 09:34 EDT | | AAPL | Apple trades lower, levels to watch
The shares are down less than 1% in the early going, last at $439.04. At that price, next support is at $437.85, a prior pivot high and then at $433.26. Resistance is at $444.46. | | | 08:12 EDT | | AAPL | Senate Homeland Security and Governmental Affairs Committee to hold a hearing
The Permanent Subcommittee on Investigations holds a hearing entitled, "Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)" with CEO Cook, SVP & CFO Oppenheimer and Head of Tax Operations Bullock of Apple (AAPL) on May 21 at 9:30 am. Webcast Link | | | 07:50 EDT | | AAPL | Ireland rejects allegations that it's a tax haven, FT reports
Ireland rejected allegations contained in a U.S. Senate committee report that it is a tax haven which has helped Apple avoid paying billions of dollars in taxes worldwide, reports the Financial Times. Deputy Prime Minister Eamon Gilmore said Ireland was “a highly tax compliant country” and loopholes in other countries were to blame for multinational companies’ use of complex tax avoidance strategies. Reference Link | | | 07:32 EDT | | GM | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 07:05 EDT | | AAPL | Senate report says Apple avoided paying taxes on $44B of income, Politico says
Subscribe for More Information | | | 06:17 EDT | | GM | Detroit automakers rebound as style sells, Bloomberg reports
Subscribe for More Information | | | May 20, 2013 | | 17:12 EDT | | AAPL | Apple has avoided paying taxes on operations for five years, U.S. Senate says
Subscribe for More Information | | | 17:11 EDT | | AAPL | Apple Operations International has no physical presence, says Senator Levin
Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added. | | | 16:02 EDT | | AAPL | Options Update; May 20, 2013
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