New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For AAPL;INTC;C;GOOG;LVS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | all recent news | >>
October 24, 2014
16:54 EDTAAPLMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
16:02 EDTAAPLOptions Update; October 24, 2014
Subscribe for More Information
15:57 EDTAAPLRoku planning to file an IPO, CNBC reports
Subscribe for More Information
12:08 EDTAAPLApple iTunes music sales said to be down over 13%, WSJ reports
Apple's digital music sales via iTunes are down 13%-14% this year-to-date compared to last, according to The Wall Street Journal, citing people familiar with the matter. For context, the report notes that the International Federation of the Phonographic Industry estimates global revenue from downloads fell 2.1% in 2013. Reference Link
09:36 EDTAAPLActive equity options trading on open
Subscribe for More Information
06:19 EDTAAPLFoxconn could build new display plant in China, WSJ reports
Subscribe for More Information
06:16 EDTAAPLApple implied volatility of 20 at lower end of index mean range
Subscribe for More Information
06:08 EDTGOOGGoogle won't make additional investments in Himax Display, DigiTimes says
Himax announced that Google has decided not to exercise its purchase options to make additional investments in Himax Display, reports DigiTimes. Himax stated that Google will continue to work closely as a strategic partner on future technologies and products and will remain a board observer. Reference Link
06:07 EDTAAPLApple responds to GT Advanced's sapphire business exit, Re/code reports
Following GT Advanced's (GTAT) announcement to shut down factories in Mesa, Arizona and Salem, Massachusetts, an Apple (AAPL) spokeswoman said the company will continue evaluating GTAT's progress on larger sapphire boule development, reports Re/code. She said, "Apple put a lot of effort into an ambitious new sapphire manufacturing process with GTAT which is not ready for production. We’re going to continue evaluating GTAT’s progress on larger sapphire boule development, as well as consider other options for the facility. We remain committed to the city and we’re going to work with Mesa and Maricopa County to help the GT Advanced employees who will be impacted by this find new jobs.” Reference Link
October 23, 2014
16:00 EDTAAPLOptions Update; October 23, 2014
iPath S&P 500 VIX Short-Term Futures down 2.04 to 33.48. Option volume leaders: AAPL TSLA TWTR F AMZN FB NFLX PBR P according to Track Data.
10:21 EDTCCitigropu returns to court on Dec. 2 over Argentine bond payments, Reuters says
Subscribe for More Information
09:39 EDTC, AAPLActive equity options trading on open
Subscribe for More Information
09:22 EDTAAPLNike CEO 'bullish' on partnership with Apple
Nike (NKE) CEO Mark Parker made comments in an interview on Bloomberg TV. Reference Link
09:19 EDTAAPLGT Advanced to wind down operations at Mesa facility
Subscribe for More Information
07:45 EDTGOOGGoogle's DeepMind acqui-hires two AI teams in the U.K.
Subscribe for More Information
07:25 EDTCCitigroup, others careful of Ergen amid possible T-Mobile offer, Bloomberg says
Subscribe for More Information
06:56 EDTAAPLSupply chain set to deliver 50M units of iPhone 6 in 2014, Digitimes says
Due to strong demand for Apple's iPhone 6, Pegatron and Foxconn will likely deliver close to 25M units each before the end of 2014, reports DigiTimes. The estimates do not includ eshipments of the iPhone 6 Plus. According to sources from the upstream supply chain, the supply ratio of the iPhone 6 and the iPhone 6 Plus in Asia Pacific countries is about 55:45 currently. Reference Link
06:49 EDTAAPLApple may raise payments to accelerate iPhone 6 Plus production, DigiTimes says
Subscribe for More Information
06:32 EDTCGovernment relaxing mortgage regulations, NY Times says
Subscribe for More Information
06:30 EDTAAPLApple to increase Apple-brand retail stores in China to 40, WSJ reports
Apple CEO Tim Cook told Sina.com that the company plans to increase the number of its Apple-brand retail stores in Greater China to 40 from 15 within two years, the Wall Street Journal reports. Cook also says Apple will increase investment in the country by an unspecified amount. Reference Link
06:05 EDTAAPLApple defeats GPNE civil patent suit, Re/code reports
Subscribe for More Information
October 22, 2014
16:00 EDTC, AAPLOptions Update; October 23, 2014
Subscribe for More Information
15:19 EDTAAPLBank of America Apple Pay glitch should be fixed today, Re/code reports
The Apple (AAPL) Pay glitch that some Bank of America (BAC) customers experienced, where they would be charged twice for a single transaction, should be fixed by today, Re/code reports, citing a person familiar with the error. Reference Link
13:28 EDTAAPLApple to bring Apple Pay to iAd, DigiDay reports
Apple plans to bring Apple Pay ti iAd, its mobile ad network, reports DigiDay. According to those familiar with the developments, a new feature would integrate Apple Pay and iAd mobile ad network in the form of a tap-to-buy button embedded in mobile ads. Reference Link
13:19 EDTAAPLApple CEO, China discuss protection of users' information, Xinhua says
Subscribe for More Information
13:14 EDTGOOG, AAPLMarathon Patent Group files patent fringement lawsuits against Apple, Amazon
Subscribe for More Information
13:11 EDTGOOGFirm says Chromebook shipments surged 67% in Q2
Subscribe for More Information
13:06 EDTGOOGGoogle introduces Inbox on blog
Subscribe for More Information
12:53 EDTAAPLSome BofA customers charged twice by Apple Pay, CNN Money reports
Subscribe for More Information
09:38 EDTC, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR YHOO BAC GILD FB THRX DOW CAR
09:21 EDTGOOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
08:18 EDTINTCVCE to become an EMC company
Subscribe for More Information
07:52 EDTINTCIntel recent weakness a buying opportunity, says Jefferies
Subscribe for More Information
07:36 EDTCFederal Reserve Bank of New York to hold a conference
Subscribe for More Information
06:44 EDTINTCIntel may face challenges over CPU product line in 2Q15, DigiTimes reports
Subscribe for More Information
06:41 EDTAAPLReport says Apple head, Chinese official discussed data security, Reuters says
A report from Chinese news agency Xinhua explained that Apple CEO Tim Cook met with a top government official in the country to talk about user data security, according to Reuters, citing the report. The meeting occurred right after a Chinese web monitoring agency published a report which claimed that Apple clients in the country have been the target of a cyber attack from hackers. Reference Link
06:26 EDTINTCIntel Capital announces investments from China Smart Device Innovation Fund
Subscribe for More Information
06:24 EDTGOOGGoogle announces continued progress on fighting piracy
Google is refining its search algorithm designed to demote links to sites featuring content that allegedly infringes on copyrights, the company said in a blog post. Google says "We’ve now refined the signal in ways we expect to visibly affect the rankings of some of the most notorious sites. This update will roll out globally starting next week." Reference Link
06:16 EDTCBNY Mellon's Hong Kong unit to launch wealth management strategy, FT says
Subscribe for More Information
06:16 EDTAAPLApple implied volatility of 21 at lower end of index mean range
October 21, 2014
19:34 EDTAAPLGT Advanced, Apple reach deal to 'wind down' sapphire plant, Philip DeWitt says
Subscribe for More Information
18:33 EDTAAPLIcahn reiterates view that high-yield market is a bubble
Says the Fed has given the economy, or the patient, "too much medicine." Says market should not be shorted. Again, says Apple (AAPL) CEO Tim is a "great CEO." Says Apple pay has a great future. Says Ebay (EBAY) is like his past campaign at Motorola. Reiterates view that Ebay should explore Paypal sale right now. Says Dell is on his radar screen. Says Warren Buffet sometimes too easy on companies, should do more on corporate governance. Again, says has never sold a share of Herbalife (HLF). Says Western Europe has "major problems," and continues to be short the Euro. Says energy stocks "getting cheap." Carl Icahn is speaking on Bloomberg TV.
17:38 EDTGOOGHimax announces Google will not exercise additional investment option in company
Himax Technologies (HIMX) announced that Google (GOOG) has decided not to exercise its previously issued purchase option to make an additional investment into Himax's subsidiary, Himax Display. Himax has been authorized by Google to make the following statement: "Google continues to work closely with Himax as a strategic partner on future technologies and products and will remain a board observer." Shares of Himax are down 13.7% following the report.
17:23 EDTAAPLCarl Icahn says investment in Apple 'no brainer'
Subscribe for More Information
16:36 EDTAAPLOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed existing homes sales hit their fastest pace in a year during September and Apple (AAPL) gave a better than expected sales forecast for its December quarter. ECONOMIC EVENTS: In the U.S., existing home sales beat estimates in September, rising 2.4% from the prior month to a 5.17M rate. In China, GDP slowed to 7.3% year-over-year growth pace in Q3 from 7.5% in Q2, though that was slightly better than expected. Chinese industrial production expanded at a 8.0% rate in September, which was well above projections and up from 6.9% growth in August. China's retail sales grew 11.6% in September compared to the prior year, which was nearly in-line with expectations. COMPANY NEWS: Shares of Apple rose $2.71, or 2.72%, to $102.47 after the company reported better than expected quarterly results and gave a better than expected forecast for its sales during the holiday quarter. Following last night's report, analysts at Cantor Fitzgerald said the iPhone maker "executed impressively" in Q4 and provided a strong outlook for Q1. The firm, which believes investors should "start thinking more boldly" about the company, raised its price target for shares to $143 from $123 and kept a Buy rating on the stock... Five of the Dow's 30 members reported on their quarterly results this morning and Coca-Cola (KO) was the clear loser in the bunch. The soda giant's shares dropped $2.61, or 6.03%, to $40.68 after its revenue missed expectations, it warned that it now expects to be below its long-term EPS growth target for 2014, and the company announced new cost-saving measures. Among the other four, McDonald’s (MCD) fell 0.63%, Verizon (VZ) added 0.43%, United Technologies (UTX) gained 0.49%, and Travelers (TRV) rose 1.12%. MAJOR MOVERS: Among the notable gainers following their earnings reports were medical equipment manufacturer Waters (WAT), which rose $9.63, or 9.87%, to $107.17, and motorcycle maker Harley-Davidson (HOG), which advanced $4.27, or 7.31%, to $62.65. Among the noteworthy losers was Ocwen Financial (OCN), which plunged $4.78, or 18.2%, to $21.48 after the company was called out by the New York Department of Financial Services for erroneously dated letters to borrowers. Benjamin Lawsky, the Superintendent for the NYDFS, stated in his letter to the company that if his department concludes it cannot trust Ocwen's systems and processes, "then it cannot trust Ocwen is complying with the law." Also lower following their earnings reports were Mexican restaurant operator Chipotle (CMG), which fell $45.48, or 6.96%, to $607.55, and defense contractor Lockheed Martin (LMT), which slid $2.92, or 1.66%, to $172.61. INDEXES: The Dow gained 215.14, or 1.31%, to 16,614.81, the Nasdaq advanced 103.40, or 2.4%, to 4,419.48, and the S&P 500 rose 37.27, or 1.96%, to 1,941.28.
16:00 EDTAAPL, COptions Update; October 21, 2014
Subscribe for More Information
14:04 EDTAAPLEarnings Preview: Analysts divided on Broadcom ahead of Q3 report
Subscribe for More Information
13:52 EDTGOOGGoogle acquires Firebase, terms not disclosed
Google announced on its Google Cloud Platform blog that it has acquired Firebase, which "makes it very easy for developers to build mobile and web apps that store and sync data in realtime." Google comments, "By combining Firebase with Google Cloud Platform, we’ll be able to build the best end-to-end platform for mobile application development. If you’re already a Firebase developer, you’ll start seeing improvements right away and if you’re a Google Cloud Platform customer, you’ll find it even easier to create great mobile and web apps. The entire Firebase team is joining Google and, under the leadership of Firebase co-founders James Tamplin and Andrew Lee, will be working hard to bring you great new features. Not only will the products you already love continue to get better, but you’ll also gain access to the full power of Google Cloud Platform. At Google Cloud Platform Live on November 4, we’ll be demonstrating new Firebase features and integrations with Cloud Platform." Reference Link
13:43 EDTAAPLApple says iCloud attack involves website, servers not comprised
Apple told CNBC that its aware of network attacks on iCloud users and that its servers were not compromised. The attacks involved the iCloud.com website.
13:09 EDTAAPLEarnings Preview: AT&T to benefit from strong iPhone 6 demand, Wells Fargo says
AT&T (T) is expected to report third quarter earnings after the market close on Wednesday, October 22, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 64c on revenue of $33.24B, according to First Call. The consensus range for EPS is 59c-66c on revenue of $31.77B-$34.34B. LAST QUARTER: AT&T reported second quarter EPS of 62c against estimates for 63c on revenue of $32.6B against estimates for $33.22B. On its Q2 earnings report, the company forecast FY14 EPS growth at the low end of a mid-single digit range, compared to consensus of $2.62. It sees: FY14 consolidated revenue growth in the 5% range, versus consensus $133.93B; FY14 free cash flow in the $11B range; FY14 capital expenditures remaining in the $21B range. In Q2, AT&T reported the following: total branded smartphone net adds, both postpaid and prepaid, of 576,000; total branded tablet net adds of 250,000; 366,000 postpaid tablet net adds; postpaid churn of 0.86%. On September 25, DirecTV (DTV) stockholders voted overwhelmingly to approve DIRECTV’s proposed merger with AT&T. STREET RESEARCH: Street research has been light in the weeks leading up to AT&T's Q3 earnings report. On September 15, Wells Fargo said AT&T should particularly benefit from strong Apple (AAPL) iPhone 6 demand. After Apple reported that over 4M iPhone 6 units were pre-ordered in the first 24 hours of eligibility, Wells Fargo said that it believed strong demand for the phones will be positive for all of the wireless carriers, but particularly for AT&T because of its strategic decision to focus on its early upgrade "Next!" program. The firm maintained its Outperform rating on AT&T. PRICE ACTION: AT&T’s shares have fallen approximately 4% since the company's Q2 report, but they did manage to make a 52-week high of $37.48 in late July. In afternoon trading ahead of tomorrow’s Q3 report, AT&T’s shares are up 0.5%.
12:57 EDTAAPLOn The Fly: Midday Wrap
Subscribe for More Information
12:36 EDTAAPLNXP Semiconductors loses Samsung Galaxy phone NFC business, NFC Times says
Subscribe for More Information
12:09 EDTAAPLEinhorn says Apple 'pretty much working on all cyliinders'
David Einhorn of Greenlight Capital is speaking on CNBC.
11:26 EDTAAPLMcDonald's sees U.S. dollar hurting Q4 EPS by 5c-6c, FY14 EPS by 9c-10c
Subscribe for More Information
11:20 EDTGOOGData says open-source Android OS could threaten revenue, Information says
Subscribe for More Information
10:29 EDTAAPLGT Advanced expects settlement with Apple 'within hour,' Bloomberg reports
Subscribe for More Information
09:37 EDTAAPL, CActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR CVX VZ MCD GILD TXN
09:15 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Apple (AAPL), up 3%... Texas Instruments (TXN), up 2.3%... Harley Davidson (HOG), up 7%... Celanese (CE), up 4%... United Technologies (UTX), up 1.4%. ALSO HIGHER: Neonode (NEON), up 20% after signing technology development agreement with global tier-one printer OEM... Illumina (ILMN), up 10%, upgraded at Janney Capital following the company's better than expected Q3 earnings. DOWN AFTER EARNINGS: Coca-Cola (KO), down 5%... Chipotle (CMG), down 4.6%... Verizon (VZ), down 1%. ALSO LOWER: CEL-SCI (CVM), down 15.3% after announcing proposed offering of common stock, warrants... Omeros (OMER), down 12% after suspending Huntington's clinical trial with OMS824... Tesoro Logistics (TLLP), down 2.4% after 20M share secondary priced at $57.47... Rhino Resources (RNO), down 53%, downgraded to Underperform at Raymond James following the reduction in its quarterly cash dividend.
08:35 EDTAAPLOn Track Innovations, USA Technologies ready for Apple Pay
Subscribe for More Information
08:18 EDTCBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
08:09 EDTAAPLEnvivio puts Halo over full Apple product line
Subscribe for More Information
07:59 EDTAAPLApple price target raised to $120 form $115 at Canaccord
Subscribe for More Information
07:45 EDTAAPLApple price target raised to $128 from $112 at BTIG
Subscribe for More Information
07:26 EDTGOOGGoogle invests in enhanced reality visual-display start-up, WSJ reports
Subscribe for More Information
07:17 EDTAAPLApple price target raised $120, iPhone 6 cycle to continue, say Barclays
Barclays raised Apple's price target to $120 from $116 and raised estimates following the Q4 beat. The firm expects the iPhone 6 cycle to drive earnings acceleration over the next several quarters before new products become growth drivers. The firm sees margin upside given mix shift towards the iPhone 6 and expects new services to be a meaningful contributor in 2015. Shares are Overweight rated.
07:07 EDTGOOGMecklerMedia to hold a conference
Inside 3D Printing Conference is being held in Santa Clara, California on October 21-23.
06:52 EDTCCiti purchasea Deutsche energy, metals book, Reuters says
Citigroup (C) acquired Deutsche Bank's (DB) energy and metals book, which is the U.S. company's latest expansion effort in commodities trading as some of its competitors look to exit that sector, according to Reuters, citing a source familiar with the matter. Reference Link
06:49 EDTAAPLApple price target raised to $143 from $123 at Cantor
Subscribe for More Information
06:21 EDTAAPLApple shares expected to be range bound at Deutsche Bank
Subscribe for More Information
06:16 EDTAAPLApple not planning to report sales of smartwatch, WSJ reports
Subscribe for More Information
06:15 EDTINTCIntel may stop providing subsidies for mobile solutions, DigiTimes reports
Intel may stop providing subsidies for mobile device solutions to eliminate loses from the business, reports DigiTimes. According to sources from PC players, however, Intel is likely to continue offering subsidies to some of its larger clients, like Asustek Computer, through different methods in order to maintain orders. Reference Link
06:12 EDTAAPLApple to supply more iPhone 6 Plus to satisfy China demand, DigiTimes reports
Subscribe for More Information
06:05 EDTAAPLApple guidance shows product theme intact, says Piper Jaffray
Subscribe for More Information
October 20, 2014
19:59 EDTAAPLApple iCloud may have been attacked by Chinese hackers, Reuters reports
Subscribe for More Information
18:51 EDTAAPLOn The Fly: After Hours Movers
Subscribe for More Information
18:36 EDTAAPLChipotle considering Apple Pay support in 2015
Comment was made in Q3 earnings call.
18:22 EDTAAPLSkyworks Solutions, Cirrus Logic, others higher after Apple reports Q4 results
The following stocks are moving higher in the after hours following Apple's Q4 results: ARM Holdings (ARMH) is up 1.1%, Skyworks Solutions (SWKS) is higher by 2.2% ,NXP Semiconductors (NXPI), up 2.28%,Cirrus Logic (CRUS) is up 2%, RF Micro Devices (RFMD) gains 1.53% and Avago Technologies (AVGO) is up 1.17%.
18:07 EDTAAPLApple CEO says only 20% of its phones sold in China are with subsidy
Subscribe for More Information
17:39 EDTAAPLApple CEO says 'We’re selling everything we make'
17:31 EDTAAPLApple CFO says strengthening U.S. dollar becoming 'significant' headwind
17:27 EDTAAPLApple CEO says Apple Pay will help company sell more devices
17:17 EDTAAPLApple spent $17B in Q4 on returning money to shareholders
The company spent $45B in the last year on returning money to shareholders.
17:14 EDTAAPLApple CFO says iPhone sales grew in emerging markets
Subscribe for More Information
17:06 EDTAAPLApple says Q4 revenue growth rate strongest in seven quarters
17:04 EDTAAPLApple CEO says demand for new iPhone 'staggering'
Subscribe for More Information
16:36 EDTAAPLApple CEO says product lineup 'strongest' ever into holiday
Apple CEO Tim Cook said in today's earnings release, "Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus. With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015."
16:34 EDTAAPLApple shares up 1% to $101 following Q4 results
Subscribe for More Information
16:34 EDTAAPLApple declares Q4 dividend of 47c
Apple’s board has declared a cash dividend of 47c per share of the company’s common stock. The dividend is payable on November 13, to shareholders of record as of the close of business on November 10.
16:33 EDTAAPLApple reports Q4 gross margin 38% vs. 37% last year
Subscribe for More Information
16:33 EDTAAPLApple reports Q4 iPhone units 39.27M vs. 35.2M last quarter
Subscribe for More Information
16:31 EDTAAPLApple sees Q1 revenue $63.5B-$66.5B, consensus $63.52B
Sees Q1 gross margin 37.5%-38.5%, operating expenses between $5.4B-$5.5B and tax rate of 26.5%.
16:30 EDTAAPLApple reports Q4 EPS $1.42, consensus $1.31
Reports Q4 revenue $42.1B, consensus $39.85B.
16:14 EDTAAPLGroupon updates IPhone app to include Apple Pay
Subscribe for More Information
16:00 EDTAAPLOptions Update; October 20, 2014
Subscribe for More Information
15:30 EDTAAPLNotable companies reporting after market close
Subscribe for More Information
14:53 EDTAAPLAmerican Express announces availability in Apple Pay
American Express (AXP) announces availability in Apple (AAPL) Pay, "the easy, safe and private way to pay with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3." Apple Pay will be available for eligible U.S. Consumer and OPEN American Express Card Members. Reference Link
14:50 EDTAAPLApple October weekly 99 straddle priced for 4.3% move into Q4
Subscribe for More Information
14:00 EDTAAPLEarnings Preview: Apple to report after iPhone 6, iPad Air 2 announcements
Subscribe for More Information
13:40 EDTGOOGVringo says Court of Appeals invites Google to respond to en banc petition
Subscribe for More Information
13:37 EDTAAPLApple may look to cut prices for Beats Music service by half, Re/code reports
Subscribe for More Information
12:32 EDTAAPLCooperman says still owns Apple, analyst says buy more
Subscribe for More Information
11:49 EDTAAPLSprint to offer iPad Air 2, iPad mini 3
Sprint (S) announced that it will offer iPad Air 2 with Wi-Fi + Cellular (AAPL) and iPad mini 3 with Wi-Fi + Cellular later this week. iPad Air 2 is the first tablet from Apple to connect to Sprint Spark, an enhanced LTE service with the added capacity to greatly improve the performance of video and other bandwidth-intensive applications. iPad mini 3 will connect to Sprint’s 4G LTE network. Customers can add iPad Air 2 or iPad mini 3 to their Sprint Family Share Pack for an access charge of $10 per month per line. Through December 2015, Sprint will waive the $10 monthly access charge on iPad Air 2 or iPad mini 3 added as new lines of service to any Sprint Family Share Pack 20GB or higher.
11:08 EDTAAPLApple October weekly volatility elevated into Q4
Subscribe for More Information
11:06 EDTAAPLWalgreen begins accepting Apple Pay in stores
Subscribe for More Information
10:55 EDTAAPLApple technical comments ahead of earnings
Subscribe for More Information
09:36 EDTAAPL, GOOGActive equity options trading on open
Subscribe for More Information
09:31 EDTGOOGRobinhood.org to hold conference
Subscribe for More Information
09:27 EDTAAPLDexCom announces Dexcom SHARE FDA approval
Dexcom (DXCM) announced that it has received U.S. Food and Drug Administration approval for its CGM remote mobile communications device, Dexcom SHARE. With Dexcom SHARE, parents and personal caregivers can monitor a person's glucose data from a remote location via an Apple (AAPL) iPhone, or iPod touch.
09:01 EDTAAPLOffice Depot stores now accept Apple Pay
Subscribe for More Information
08:44 EDTAAPLIBM CEO says recent Apple, SAP deals represent change in partnering strategy
Subscribe for More Information
08:32 EDTAAPLFirst Tennessee to offer Apple Pay
Subscribe for More Information
08:00 EDTAAPLApple Pay now available to Whole Foods Market customers
Subscribe for More Information
07:21 EDTCFederal Reserve Bank of New York and Boston to hold a workshop
Subscribe for More Information
06:37 EDTAAPLApple not planning to make touchscreen desktop computers, CNet reports
Subscribe for More Information
06:22 EDTGOOGYouTube's Robert Kyncl considering leaving company, NY Post reports
Subscribe for More Information
06:01 EDTGOOGGoogle's Hiroshi Lockheimer overseeing Android, Chrome engineering, WSJ says
Subscribe for More Information
October 19, 2014
20:41 EDTAAPLMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
October 17, 2014
16:55 EDTGOOG, INTC, C, AAPLStocks end volatile week lower amid oil price plunge
Subscribe for More Information
16:01 EDTAAPLOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
15:46 EDTAAPLApple October weekly volatility elevated into Q4
Apple October weekly call option implied volatility is at 41, November is at 28, December is at 26, January is at 25 compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q4 on October 20.
09:38 EDTGOOG, AAPL, CActive equity options trading on
Subscribe for More Information
09:32 EDTAAPLVirnetX files petitions, requests restoration of jury verdict against Apple
VirnetX (VHC) announced that it filed a petition with the U.S. Court of Appeals for the Federal Circuit, requesting a rehearing and rehearing en banc of the Federal Circuit's September 14 decision concerning VirnetX's litigation against Apple (AAPL). In its petition, VirnetX is asking the court to rehear its decision with respect to damages and affirm the district court's damages award against Apple in full because the Federal Circuit's decision is contrary to the patent statute and Supreme Court precedent. VirnetX is also asking the Federal Circuit to reinstate the jury's award that Apple infringed the '504 and '211 patents on the basis that the district court correctly construed the claim term "secure communication link." Kendall Larsen, VirnetX CEO and President said, "We respectfully believe the Court of Appeals for the Federal Circuit erred in certain parts of its decision and are asking it to further review its decision. We look forward to readdressing the decision with the court and remain confident about the strength of our arguments regarding restoration of the jury's damages award."
07:53 EDTGOOG, AAPLFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to “take a step back, to pause to consider, I hope, a change of course,’’ and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:47 EDTGOOGGoogle exec confident in improving YouTube ad sales, BI reports
Subscribe for More Information
07:37 EDTGOOGGoogle price target lowered to $600 from $670 at BofA/Merrill
Subscribe for More Information
07:24 EDTGOOGMacquarie continues to recommend Google for long-term holders
Subscribe for More Information
07:19 EDTAAPLApple 'extremely well' positioned into holiday season, says Cantor
Subscribe for More Information
06:47 EDTGOOGGoogle price target lowered to $620 from $650 at Cantor
Cantor Fitzgerald lowered its price target for Google shares to $620 saying higher operating expenses and elevated Capex pressured margins and earnings in Q3. The firm views the current valuation as attractive and keeps a Buy rating on Google.
06:34 EDTAAPLApple iPad refresh in-line with expectations, says Deutsche Bank
Subscribe for More Information
06:24 EDTAAPLGlobal notebook shipments estimated at over 45M units, Digitimes Research says
Subscribe for More Information
06:23 EDTGOOGGoogle price target lowered to $675 from $725 at Pacific Crest
Pacific Crest lowered its price target for Google shares to $675 citing expectations for a higher tax rate following the company's Q3 results. The firm thinks shares are attractively valued at current levels and keeps an Outperform rating on Google.
06:18 EDTGOOGGoogle price target lowered to $652 from $684 at Citigroup
Citigroup lowered its price target for Google (GOOGL) shares to $652 following the company's Q3 results and keeps a Buy rating on the name. Citi calls the results "relatively good."
06:14 EDTAAPLApple debuts iPhone 6 in China, WSJ reports
Subscribe for More Information
06:13 EDTAAPL, GOOGLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMH’s watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
Subscribe for More Information
October 16, 2014
18:36 EDTGOOG, INTCOn The Fly: After Hours Movers
Subscribe for More Information
17:29 EDTGOOGGoogle says Omid Kordestani now officially Chief Business Officer
Subscribe for More Information
16:30 EDTAAPLOn The Fly: Closing Wrap
Subscribe for More Information
16:23 EDTAAPLJPMorgan announces Apple Pay to be available to Chase customers, merchants
Subscribe for More Information
16:05 EDTGOOGGoogle reports Q3 Sites revenue $11.25B vs. $9.38B last year
Subscribe for More Information
16:04 EDTGOOGGoogle shares drop 5% to $508.51 after Q3 misses estimates
Subscribe for More Information
16:03 EDTGOOGGoogle reports Q3 average cost-per-click down 2% vs. last year
Subscribe for More Information
16:02 EDTGOOGGoogle reports Q3 aggregate paid clicks up 17% vs. last year
Subscribe for More Information
16:02 EDTGOOGGoogle reports Q3 EPS $6.35, consensus $6.53
Reports Q3 revenue $16.52B, consensus $16.57B.
16:01 EDTAAPLOptions Update; October 16, 2014
Subscribe for More Information
15:26 EDTGOOGNotable companies reporting after market close
Subscribe for More Information
15:26 EDTAAPLApple Pay available to millions of Visa cardholders
Visa (V) announced that starting October 20 eligible Visa cardholders in the U.S. will be able to use Apple (AAPL) Pay, Apple’s new payment service, to begin to make purchases at select U.S. merchants with their new iPhone. Visa is actively working with its client base of thousands of U.S. financial institutions to enable them to offer the new Apple Pay service to their account holders.
15:26 EDTAAPLStubHub announces integration with Apple Pay
Subscribe for More Information
15:25 EDTAAPLRadioShack launches Apple Pay in stores next week
Subscribe for More Information
15:03 EDTAAPLApple iPad, Mac updates not as exciting as iPhone but needed, says Piper Jaffray
Subscribe for More Information
14:42 EDTGOOGeBay appears done with same-day delivery 'experiment,' Re/Code says
Subscribe for More Information
14:26 EDTGOOGGoogle technical comments ahead of earnings
Subscribe for More Information
14:21 EDTAAPLApple trading down 1% after end of iPad event
14:20 EDTINTC, AAPLApple announces updated Mac mini, starting at $499
Subscribe for More Information
14:20 EDTINTC, AAPLApple introduces 27-inch iMac with Retina 5K display
Apple (AAPL) unveiled the 27-inch iMac with Retina 5K display, with 14.7M pixels. iMac with Retina 5K display has four times more pixels than the standard 27-inch iMac and 67% more pixels than a 4K display. iMac with Retina 5K comes with a 3.5 GHz quad-core Intel (INTC) Core i5 processor with Turbo Boost speeds up to 3.9 GHz. iMac with Retina 5K display begins shipping today with a 3.5 GHz quad-core Intel Core i5 with Turbo Boost speeds up to 3.9 GHz, AMD (AMD) Radeon R9 M290X graphics and a 1TB Fusion Drive for a suggested retail price of $2,499.
14:16 EDTAAPLApple says updated Mac Mini starts at $499
Subscribe for More Information
14:15 EDTAAPLApple says new iMac with Retina 5K to cost $2,499
Subscribe for More Information
14:14 EDTAAPLApple says new iMac uses AMD Radeon R9 295 graphics processor
Subscribe for More Information
14:14 EDTAAPL, INTCApple says new iMac uses Intel 3.5GHz quadcore i5 processor
14:12 EDTAAPLApple Introduces iPad Air 2, iPad mini 3
Subscribe for More Information
14:09 EDTAAPL, CApple confirms October 20 start date for Apple Pay
Apple (AAPL) announced that customers can start making payments on Monday, October 20, when Apple Pay becomes available in the U.S. Users of the iPad Air 2 and iPad mini 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free software update to iOS 8. Apple Pay supports credit and debit cards from the three major payment networks: American Express (AXP), MasterCard (MA) and Visa (V). In addition to American Express, Bank of America (BAC), Capital One Bank (COF), Chase (JPM), Citi (C), Wells Fargo (WFC) and others, who announced support in September, more than 500 new banks from across the country have signed on to Apple Pay, the company said.
14:07 EDTAAPLApple announces iMac with Retina 5K display
Subscribe for More Information
14:04 EDTGOOGGoogle seen testing high-speed wireless service, Reuters says
Telecommunications experts that have seen Google's regulatory filings are saying that the company may be preparing a wireless version of its high-speed "Fiber" Internet service, says Reuters. Reference Link
14:03 EDTAAPLApple says iPad Mini 3 is $399 for 16GB, $499 for 64GB, $599 for 128GB
Subscribe for More Information
14:02 EDTAAPLApple announces iPad Mini 3
Subscribe for More Information
14:02 EDTAAPLApple says iPad Air 2 is $499 for 16GB, $599 for 64GB, $829 for 128GB
This comment was taken from the Apple Event.
13:53 EDTAAPLApple says new iPad Air 2 has TouchID
Subscribe for More Information
13:42 EDTAAPLApple announces iPad Air 2
13:40 EDTAAPLApple reports OS X Yosemite available today as free upgrade
Subscribe for More Information
13:39 EDTAAPLApple says over 225M iPads sold
Subscribe for More Information
13:36 EDTAAPLApple says iOS 8.1 available for download Monday
Subscribe for More Information
13:36 EDTAAPLApple says Yosemite OS X available today for free
Subscribe for More Information
13:15 EDTAAPLApple says Apple Watch to ship early next year
Subscribe for More Information
13:10 EDTAAPLApple says 500 new banks adding support for Apple Pay
Subscribe for More Information
13:09 EDTAAPLApple says iPhone preorders in China have set a new record
13:09 EDTAAPLApple says iPhone 6/6 Plus launch was biggest ever
Subscribe for More Information
12:49 EDTGOOGEarnings Preview: Google shares down 8% since last earnings report
Subscribe for More Information
11:41 EDTCCitigroup to host conference call
Subscribe for More Information
10:06 EDTGOOGThe Federal Trade Commission (FTC) to hold a conference
7th Annual Federal Trade Commision Microeconomics Conference is being held in Washington, D.C. on October 16-17.
10:01 EDTCOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:46 EDTAAPLApple October weekly volatility elevated into iPad event and Q4
Subscribe for More Information
09:39 EDTAAPL, CActive equity options trading on open
Subscribe for More Information
08:42 EDTCUBS, DOJ in talks for forex rigging settlement, FT reports
Subscribe for More Information
08:24 EDTGOOGSchneiderman, Gascon applaud Google for 'kill switch' incorporation
Attorney General Eric Schneiderman and San Francisco District Attorney George Gascon issued the following statement on the release of Google’s new version of Android software, which will incorporate theft deterrent technology for the first time. Both Schneiderman and Gascon said, “We applaud Google for including a ‘kill switch’ solution in its new version of Android. The majority of smartphone owners now have access to an theft-deterrent solution. Through the work of the Secure Our Smartphones Initiative in concert with the smartphone industry, we are well on our way to safeguarding our loved ones from opportunistic thieves. But in order for these theft deterrents to effectively end the epidemic, they must be enabled by default so violent criminals lack the incentive to steal any smartphone. We will continue to encourage every actor in the smartphone industry, including Google, to take the necessary, additional step of ensuring this technology is opt-out on all devices.” Reference Link
08:06 EDTAAPL, GOOGAlmunia says political pressure around Google case 'unprecented,' WSJ reports
Subscribe for More Information
07:48 EDTAAPLSony must decide quickly what to do with smartphone strategy, Nikkei says
Sony's (SNE) "One Sony" strategy is built around providing contents to consumers and smartphones are one of three pillars it sees for growth, but the strategy is "on the brink of collapse" as the company falls behind Apple (AAPL) and Chinese rivals, according to the Nikkei Asian Review. Sony officials are debating whether smartphone operations in Asia should be downsized and whether cutting 1,000 jobs, or 15% of its mobile communications workforce, would be warranted, according to the report. Reference Link
07:41 EDTLVSLas Vegas Sands Macau results favorable, says Stifel
Subscribe for More Information
07:29 EDTCCitigroup upgraded to Hold from Sell at Argus
Argus upgraded Citigroup to Hold based on valuation and management's progress in improving the loan portfolio and reducing expenses.
07:21 EDTCCFA Institute to hold a conference
Subscribe for More Information
06:54 EDTLVSLas Vegas Sands reiterated as an Outperform at Credit Suisse
Subscribe for More Information
06:14 EDTGOOGGoogle Fiber coming to Austin, TX in December, GigaOM reports
Subscribe for More Information
06:00 EDTGOOGMicrosoft says working with YouTube to reinstate content inadvertently removed
Subscribe for More Information
October 15, 2014
19:24 EDTCMexico regulators fine Citigroup Banamex unit 30M pesos, Bloomberg reports
Subscribe for More Information
18:47 EDTGOOGGoogle unveils Android 5.0 Lollipop, new Nexus phone, tablet, set-top player
Subscribe for More Information
18:26 EDTGOOG, LVSOn The Fly: After Hours Movers
Subscribe for More Information
17:53 EDTLVSLas Vegas Sands ups recurring stock dividend by 30.0% to $2.60 per share
Subscribe for More Information
16:33 EDTLVSLas Vegas Sands announces additional $2B to stock repurchase program
Subscribe for More Information
16:03 EDTLVSLas Vegas Sands reports Q3 EPS 84c , consensus 85c
Subscribe for More Information
16:00 EDTC, AAPLOptions Update; October 15, 2014
Subscribe for More Information
15:39 EDTLVSLas Vegas Sands October 59 straddle priced for 5.1% move into Q3
15:28 EDTLVSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.36; eBay (EBAY), consensus 67c; Kinder Morgan (KMI), consensus 34c; Kinder Morgan Energy Partners (KMP), consensus 64c; Kinder Morgan Management (KMR), consensus 58c; El Paso Pipeline Partners (EPB), consensus 39c; Netflix (NFLX), consensus 93c; United Rentals (URI), consensus $2.08; Navient (NAVI), consensus 52c; Las Vegas Sands (LVS), consensus 58c; Umpqua Holdings (UMPQ), consensus 29c; Astoria Financial (AF), consensus 16c; Rambus (RMBS), consensus 5c.
14:41 EDTLVSLas Vegas Sands technical notes ahead of reults
Subscribe for More Information
14:17 EDTCCitigroup reports September credit loss 2.53% vs. 2.57% last month
Reports September delinquencies 1.5% vs. 1.44% last month.
14:10 EDTLVSPennsylvania reports September gaming revenue down 2.2% to $239.5M
Subscribe for More Information
14:06 EDTLVSAtlantic City reports September gaming win down 12.8% to $209.4M
Subscribe for More Information
14:01 EDTINTCIntel launches 'Intel Experience' exclusively in 50 Best Buy stores
Intel (INTC) has launched “The Intel Experience” exclusively in 50 Best Buy (BBY) retail stores nationwide. The hands-on experience zone gives everyone the opportunity to try, explore and play with the latest, cutting-edge technologies like 3-D printing, gaming meets augmented reality, and digital disc jockey remixing.
13:45 EDTINTCIntel recovery in PCs seems sustainable, says Argus
Subscribe for More Information
13:43 EDTGOOG, AAPLFirm says more apps downloaded from Google than Apple, 9to5Google says
Subscribe for More Information
13:23 EDTAAPLScreenshots confirm Apple iPad Air 2, iPad mini 3, 9to5Mac reports
Subscribe for More Information
13:21 EDTGOOGAmazon investor sentiment near all-time lows, analyst says
Subscribe for More Information
13:09 EDTGOOG, AAPLEarnings Preview: eBay to report Q3 earnings after PayPal spin-off announcement
eBay (EBAY) is expected to report third quarter earnings after the market close on Wednesday, October 15 with a conference call scheduled for 5:00 pm ET. eBay is a technology company that enables commerce through Marketplaces, Payments, and GSI. EXPECTATIONS: Analysts are looking for earnings per share of 67c on revenue of $4.37B. The consensus range is 65c-72c for EPS, and $4.33B-$4.43B for revenue, according to First Call. LAST QUARTER: eBay reported second quarter EPS of 69c against estimates of 68c on revenue of $4.37B against estimates of $4.38B. The company gave Q3 EPS guidance of 65c-67c and Q3 revenue guidance of $4.3B-$4.4B as well as FY14 EPS guidance of $2.95-$3.00. It narrowed FY14 revenue guidance to $18B-$18.3B from $18B-$18.5B. eBay said Google search algorithm change slowed traffic in June. The company confirmed the Q3 guidance during a conference call in September. NEWS AND STREET RESEARCH: eBay announced in late September that it will separate eBay and PayPal into two independent publicly traded companies, set to be completed in the second half of 2015. eBay Marketplaces President Devin Wenig will be the CEO of the new eBay company and Dan Schulman will become CEO of the new PayPal company. The cost of the transaction has yet to be determined, and the split is not designed to position either business for sale. During its conference call to discuss the split, the company said PayPal is on track to process 1B mobile payments this year and added that Apple (AAPL) could help speed NFC adoption and would be good for PayPal. eBay adds that it has "never been more bullish" on PayPal's prospects. Following the announcement, there were rumors that Google (GOOG) was looking to acquire eBay. Piper Jaffray said the press reports of the talks between the two companies are "largely unsubstantiated." The company was downgraded at JPMorgan, JMP Securities, Jeffries, and Wedbush after the announcement of a split due to increased uncertainty. Investors say the benefit of the spin-off plans are not as clear, unsure if a standalone PayPal is in a better position to compete in the quickly changing digital payments space. Wedbush analysts say a spin-off will not boost the payment processor's business and may have negative consequences for both companies. Investors were also split on how Apple's mobile payments platform will affect eBay and PayPal. RW Baird said Apple iWallet will pose a threat to PayPal, particularly to its opportunities at point-of-sale and Piper Jaffray said the new payments system will further weigh on eBay's multiple over the next six months. JPMorgan, however, said iWallet will be a net positive for payment networks and Citigroup believes the risks from Apple are likely overstated. PRICE ACTION: eBay shares have dropped more 2.21% since the first day of trading following the company's Q2 report. In Wednesday midday trading ahead of its earnings report, eBay shares are trading down 2%.
12:30 EDTAAPLApple to stop selling Fitbit devices in stores, Re/code reports
Subscribe for More Information
11:13 EDTGOOGVringo subsidiary petitions for rehearing en banc in case against Google
Vringo (VRNG) announced that its wholly-owned subsidiary I/P Engine, Inc. has submitted a petition for rehearing en banc in its case against Google (GOOG) and certain of Google's customers at the U.S. Court of Appeals for the Federal Circuit following the Federal Circuit's split opinion on August 15.
11:02 EDTINTCIntel introduces transaction data protection technology in partnership with NCR
Subscribe for More Information
10:45 EDTAAPLApple to host event to introduce new iPads
Subscribe for More Information
10:02 EDTINTCOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:38 EDTC, AAPLActive equity options trading on open
Subscribe for More Information
09:30 EDTINTCIntel reported good Q3 results, says Roth Capital
Roth Capital believes that Intel reported good Q3 results. The firm thinks the enterprise PC replacement cycle may last several quarters, while strength in high-margin datacenter server processors will also boost Intel. Target $38.
09:20 EDTINTCOn The Fly: Pre-market Movers
Subscribe for More Information
08:31 EDTAAPLApple added to Best Ideas List at Morgan Stanley
Subscribe for More Information
07:27 EDTCJPMorgan, HSBC fire traders linked to forex probe, WSJ reports
Subscribe for More Information
07:26 EDTCCapital Link to hold a webinar
Subscribe for More Information
07:16 EDTGOOGLenovo CSO 'confident' in Motorola Mobility deal finalization, Bloomberg says
Subscribe for More Information
06:46 EDTGOOGGoogle says researchers discovered vulnerability in SSL encryption
Subscribe for More Information
06:37 EDTAAPLGT Advanced executive sold shares before bankruptcy, WSJ says
Subscribe for More Information
06:36 EDTINTCIntel downgraded to Underweight from Equal Weight at Morgan Stanley
Subscribe for More Information
06:34 EDTAAPLIHS: Apple, Samsung set to drive fingerprint sensor market, DigiTimes says
Subscribe for More Information
06:32 EDTAAPLTablet supply chains expect lagging orders in Q4, DigiTimes reports
Subscribe for More Information
06:28 EDTAAPLTSMC lands CPU orders for Apple's next-generation iPad, DigiTimes reports
Subscribe for More Information
06:27 EDTCCitigroup pushing Mexican unit chairman to retire, NY Times says
Subscribe for More Information
06:16 EDTAAPLApple asks permission to lodge objections to GT bankrupcy in secret, Re/code says
Subscribe for More Information
October 14, 2014
18:22 EDTGOOGGoogle says researchers discovered vulnerability in SSL encryption, Reuters says
Subscribe for More Information
18:20 EDTINTCOn The Fly: After Hours Movers
Subscribe for More Information
17:51 EDTINTCIntel says 'remains on track' for 40M tablet goal for 2014
Expects to ship 40M-45M tablet chips in 2014. Says strategy for growth yielding results across a wide range of products. Says Q3 revenue was highest in company history. Says seeing robust growth across data center business. Says customers see normal/seasonal Q4 for consumer PC demand. Says mobile won't be profitable in 2015. Says Sofia product won't require contra revenue. Does not expect iPhone 6 to have any effect on notebook demand. Says current inventory is "very typical" heading into Q4. Comments from company's Q3 earnings conference call.
16:31 EDTINTCIntel CFO: China continues to be relatively weak
Subscribe for More Information
16:22 EDTAAPL, COn The Fly: Closing Wrap
The Wall Street averages were mixed after three of the U.S.'s largest banks reported on their quarterly results and Germany slashed its economic forecasts for this year and next. Following the mostly solid earnings reports from the banks and Dow member Johnson & Johnson (JNJ) investors appeared to breathe a sigh of relief and sent the averages higher in early trading. With oil prices falling almost 5% and settling at a recent low, the averages pared their gains and struggled in positive ground. Another late day slide ended with the averages mixed, as the Nasdaq led and the Dow lagged. ECONOMIC EVENTS: In the U.S., the International Energy Agency said in its monthly oil market report that world oil demand growth would be weaker than previously expected. Afterward, WTI crude oil futures fell 4.6% at $81.84, marking their biggest percentage drop since late 2012 and the lowest settlement for the benchmark in over two years. The National Federation of Independent Business' small business optimism index came in at 95.3, versus the consensus expectation for a 95.8 reading. In Europe, Germany's government cut its forecasts for gross domestic product growth to 1.2% in 2014 and 1.3% next year from its prior view of 1.8% growth this year and 2% in 2015. COMPANY NEWS: The first of America's big banks issued their quarterly reports, with JPMorgan's (JPM) headline earnings per share coming in below analysts’ consensus estimate, Wells Fargo (WFC) reporting in-line earnings and improved credit quality and Citigroup (C) posting better than expected adjusted third quarter profit. Citi, which also announced plans to pull back from retail banking in eleven countries and said it will disband a legacy Banamex unit after an investigation uncovered illegal conduct, saw its stock fare the best among the three, rising $1.57, or 3.15%, to $51.47... Another Dow member, Johnson & Johnson, reported better than expected profits and revenues and raised its FY14 EPS outlook, but its stock slid $2.11, or 2.13%, to $97.01. MAJOR MOVERS: Among the notable gainers was Domino's Pizza (DPZ), which rose $8.58, or 11.33%, to $84.30 after the pizza chain owner and franchisor reported better than expected third quarter earnings per share and revenue. Also higher was Skyworks (SWKS), which advanced $3.59, or 7.92%, to $48.91 after the supplier of chips to Apple (AAPL) raised its fourth quarter earnings per share outlook and revenue guidance. Among the noteworthy losers was Exactech (EXAC), which dropped $4.09, or 16.63%, to $20.50 after the company warned its Q3 income and revenue will likely miss its prior guidance. Also lower were shares of Gilead (GILD), which fell $4.26, or 4.2%, to $97.18 amid a number of developments. Competitor Johnson & Johnson said it would seek to make its own hepatitis C treatment accessible and "competitive," which some may have read as an indication of a potential price cut, and Ireland said it plans to close its "Irish Double" tax loophole, which currently benefits Gilead. INDEXES: The Dow slipped 5.88, or 0.04%, to 16,315.19, the Nasdaq rose 13.52, or 0.32%, to 4,227.17, and the S&P 500 added 2.96, or 0.16%, to 1,877.70.
16:09 EDTINTCIntel up approximately 3% following Q3 results
Subscribe for More Information
16:06 EDTINTCIntel used $4.2B to repurchase 122M shares of stock in Q3
Subscribe for More Information
16:06 EDTINTCIntel CEO says 'pleased by the progress the company is making'
Subscribe for More Information
16:05 EDTINTCIntel sees FY14 CapEx $11B, plus or minus $500M
16:04 EDTINTCIntel reports Q3 PC Client Group revenue $9.2B, up 6% sequentially, up 9% YoY
Subscribe for More Information
16:02 EDTINTCIntel reports Q3 gross margin 65%
Subscribe for More Information
16:02 EDTINTCIntel sees Q4 revenue $14.7B, plus or minus $500M, consensus $14.49B
Subscribe for More Information
16:01 EDTINTCIntel reports Q3 EPS 66c, consensus 65c
Subscribe for More Information
16:00 EDTAAPL, COptions Update; October 14, 2014
iPath S&P 500 VIX Short-Term Futures down 40c to 39.11. Option volume leaders: AAPL TSLA TWTR AMZN GILD C JNJ AA NFLX PBR according to Track Data.
15:29 EDTINTCNotable companies reporting after market close
Subscribe for More Information
14:45 EDTINTCEarnings Preview: Intel to report after Microchip correction warning
Subscribe for More Information
14:02 EDTAAPLApple moves back to lows of the day, levels to watch
Subscribe for More Information
13:18 EDTAAPLSkyworks guidance should be well above consensus, says Craig-Hallum
After Skyworks pre-announced September quarter upside, Craig-Hallum says it expects the company's revenue outlook for the December quarter to be well above consensus. The firm believes Skyworks is benefiting from record Apple (AAPL) iPhone sales. It estimates Skyworks has around $5.50 worth of content in the iPhone 6/6+, up from $4.80 in the iPhone 5S/5C. Craig-Hallum reiterates a Buy rating on the stock with a $62 price target.
12:31 EDTINTCIntel October 32.5 straddle priced for 6% move into Q3
Subscribe for More Information
12:20 EDTCOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after three of the nation's largest banks reported on their results in the most recent quarter of the year. The market began the session in positive territory but the move seemed tenuous and the averages were almost back in negative ground within a half hour of the opening bell. As the morning progressed and the bears were unable to gain control, the buyers emerged and pushed the Dow to a triple digit gain and the Nasdaq to an increase of nearly 1.5%. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' small business optimism index came in at 95.3, versus the consensus expectation for a 95.8 reading. COMPANY NEWS: JPMorgan (JPM) swung to a third quarter profit, but its headline earnings per share fell below analysts’ consensus estimate. Of note, the company's press release on its results came out earlier than planned on Nasdaq's (NDAQ) Shareholder.com website, which the exchange operator attributed to an internal "human error." Wells Fargo (WFC) reported in-line earnings and stronger credit quality, but its stock slid 1.4% following the report. Citigroup (C) generated the most headlines, however, as it reported better than expected adjusted third quarter profit, announced plans to pull back from retail banking in eleven countries and said it will disband a legacy Banamex unit that provided personal security services after an investigation uncovered illegal conduct. Shares of Citi bucked the trend set by its two peers, rising 3% near noon... In addition to JPMorgan, Dow member Johnson & Johnson (JNJ) reported on its third quarter earnings. The drug and medical device giant reported better than expected profits and revenues and raised its FY14 EPS outlook, but the stock was fractionally lower near midday. MAJOR MOVERS: Among the notable gainers was Energy Transfer Equity (ETE), which gained 8.5% after the stock was among the energy industry names upgraded this morning at RW Baird. Also higher was Skyworks (SWKS), which rose 11% after the company preannounced stronger than expected results that its CEO attributed to the "broad-based strength" of its business. Among the noteworthy losers was EnerNOC (ENOC), which dropped 11% after JPMorgan downgraded the stock to Neutral citing risk to the company's Demand Response revenue at PJM given the challenge to FERC Rule 745. Also lower was Tyco (TYC), which fell nearly 4% after Barclays downgraded the stock citing valuation and coupled the ratings change with an upgrade of Eaton (ETN). INDEXES: Near midday, the Dow was up 133.38, or 0.82%, to 16,454.45, the Nasdaq was up 60.63, or 1.44%, to 4,274.29, and the S&P 500 was up 21.51, or 1.15%, to 1,896.25.
11:59 EDTCCitigroup sees Q4 legal costs continuing to be 'elevated and episodic'
Subscribe for More Information
11:58 EDTCCitigroup sees Q4 consumer banking revenue growth continuing
11:57 EDTCCitigroup says Q4 NIM may decline buy a 'basis point or two'
Subscribe for More Information
11:39 EDTINTCIntel technical comments ahead of earnings
The shares have outperformed the broader averages over the last three months. Removing today's bounce, the stock has been flat against the down performance of the averages. The trading pattern for the stock when viewed with a three-month window has been up sharply, sideways, and down sharply. That doesn't leave a great deal of room for trend interpretation other than traders being cautious into results. When we pull back to a 1-year view, the technical picture is strikingly different. Almost all of the gains in shares this year, up over 34% excluding today, has come since the early summer. That sharp rise then developed into a bearish rounding formation viewed on a closing basis. On an OHLC chart, the formation instead is an Island Top. That is, a bullish gap, the sideways move previously described, and a bearish gap from yesterday. That leaves the price action of the last several months isolated, an island, within the context of the longer term uptrend. Island Tops are usually considered extremely bearish on a technical basis, suggesting the up move has exhausted itself in a blow-off. If the news on earnings and outlook supports this bearish price interpretation, there could be significant downside risk. Levels to watch on the downside would be at $31.80, the bottom of the bullish gap from July, $30,03, and $28.10, the bottom of the bullish gap from June. A break below $28 might leave the shares back in the $24 to $26 range characteristic of the price action at the start of the year. If the news is positive, the first major resistance is at the 52-week high at $35.56 and then at $37.15.
11:38 EDTCCitigroup CEO says Citi Holdings now 5% of bank's balance sheet
Subscribe for More Information
10:49 EDTAAPLWells Fargo says spending more on compliance, risk management
Subscribe for More Information
10:43 EDTAAPLSkyworks benefiting from gains at Apple, China 4G/LTE ramp, says Oppenheimer
Oppenheimer raised its estimates on Skyworks (SWKS) after the company pre-announced better than expected Q4 results. The firm expects sustained tailwinds into and beyond next quarter for Skyworks based on continued shares gains at Apple (AAPL) and from rising 4G/LTE phone sales in China. Oppenheimer maintains its Outperform rating and $65 price target on Skyworks and says the stock remains one of its top picks.
10:23 EDTCCitigroup rises after results, trades lower off earlier high
The stock is up 1.5% to $50.58 at time of writing, off the earlier session high at $51.63. At current price support is at $50.44, the low of the day, and then at $51.14 which was the opening price.
10:10 EDTINTCChip makers rise following Skyworks positive preannouncement
Shares of a number of semiconductor makers are climbing after one of the companies in the sector, Skyworks (SWKS), preannounced stronger than expected results. WHAT'S NEW: Skyworks, which develops chips for cell phones, raised its fourth quarter earnings per share outlook to $1.08 from $1.00. Analysts' consensus estimate was $1.01. The chip maker increased its Q4 revenue guidance to $718M from $680M. Analysts' consensus estimate was $679.5M. "Skyworks’ upwardly revised outlook demonstrates the broad-based strength of our business and our ability to capitalize on positive underlying market trends to connect everyone and everything, all the time,” said Skyworks CEO David Aldrich. "These multi-year technology trends are setting the stage for us to outperform the broader semiconductor industry in the December quarter and for the foreseeable future," the CEO added. WHAT'S NOTABLE: Skyworks' positive report comes less than a week after another semiconductor maker, Microchip (MCHP), preannounced lower than expected revenue and said it thought the sector had entered a correction. Semiconductor stocks have sold off sharply since Microchip's preannouncement and pessimistic comments. PRICE ACTION: In early trading, Skyworks surged 6.4% to $48.24, Intel (INTC) rose 1.5% to $31.94, NXP Semiconductors (NXPI) rose 1.2% to $54.55, STMicroelectronics (STM) advanced 2% to $6.82, and Avago Technologies (AVG) gained fractionally to $69.30.
10:01 EDTLVSOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:37 EDTAAPL, CActive equity options trading on open
Subscribe for More Information
09:37 EDTAAPL, GOOGDomino's Pizza sees potential for additional 3.8K stores in top 15 markets
Says has 'robust' international business. Says its store count growing faster internationally than Pizza Hut or Papa Johns (PZZA). Pizza Hut is owned by Yum! Brands (YUM). Says now offering voice ordering for Apple's (AAPL) iPhone and Google's (GOOG) Android operating systems. Says in terms of the franchise's long-range outlook, sees global net units to increase 4%-6%, sees domestic SSS to increase 2%-4%, sees international SSS to increase 3%-6% and sees global retail sales to increase 6%-10%. Comments taken from the company's Q3 earnings conference call slide presentation.
09:13 EDTLVS, COn The Fly: Pre-market Movers
UP AFTER EARNINGS: Johnson & Johnson (JNJ), up 1%... Dominos Pizza (DPZ), up 2.7%. ALSO HIGHER: Citigroup (C), up 2.5% following earnings report, announcement of plans to exit consumer businesses in 11 markets... MagneGas (MNGA), up 14% after signing Letter of Intent with Pioneer Recycling... Skyworks (SWKS), up 6% after raising its outlook for Q4. Shares of peers Avago (AVGO), NXP Semiconductors (NXPI) and RF Micro Devices (RFMD) are also moving higher in pre-market trading after Skyworks pointed to "broad-based strength" of its business in raising its outlook... Halcon Resources (HK), up 6% after upgraded at KLR Group... Quantum (QTM), up 8.8% after issuing Q2 earnings guidance. LOWER: Wells Fargo (WFC), down 1.4% after reporting in-line Q3 earnings... JPMorgan (JPM), down 1.8% after Q3 headline earnings miss... Las Vegas Sands (LVS), down 1% following downgrade at BofA Merrill Lynch.
08:59 EDTGOOGGoogle October volatility elevated into Q3 and outlook
Subscribe for More Information
08:11 EDTCCitigroup reports book value per share increased to $67.31
Subscribe for More Information
08:07 EDTLVSLas Vegas Sands downgraded at BofA/Merrill
Subscribe for More Information
08:07 EDTCCitigroup to disban Banamex unit
08:05 EDTCCitigroup says illegal conduct, fraud found in Banamex unit probe
Subscribe for More Information
08:04 EDTCCitigroup reports Q3 net credit losses down 14% from prior year to $2.1B
Citigroup reported Q3 net interest margin increased to 2.91%. Net credit losses of $2.1B declined 14% versus the prior year period. Q3 allowance for loan losses was $16.9B at quarter end, or 2.60% of total loans, compared to $20.6B, or 3.16% of total loans, at the end of the prior year period. The $552M net release of loan loss reserves in the current quarter compared to a $675M release in the prior year period. Citigroup asset quality continued to improve as total non-accrual assets fell to $8.0B, a 19% reduction compared to the third quarter 2013.
08:03 EDTCCitigroup discloses results of investigation into security unit in Mexico
Subscribe for More Information
08:01 EDTCCitigroup to exit consumer businesses in 11 markets
Citigroup announced strategic actions to accelerate the transformation of Global Consumer Banking by focusing on those markets where it has the greatest scale and growth potential. As a result, Citigroup intends to exit its consumer businesses in 11 markets. The new consumer banking footprint will serve nearly 57 million clients in 24 markets that capture over 95% of GCB’s existing revenue base, while further simplifying its operations and improving its performance. The affected businesses include the consumer franchises in Costa Rica, Czech Republic, Egypt, El Salvador, Guam, Guatemala, Hungary, Japan, Nicaragua, Panama and Peru, as well as the consumer finance business in Korea. Active sales processes are underway for the majority of the businesses, and subject to market conditions and regulatory and other approvals, the strategic actions are currently expected to be substantially completed by year-end 2015. The businesses will be reported as part of Citi Holdings as of the first quarter 2015 to provide greater transparency with respect to the performance of the ongoing operations reported in GCB. Citigroup’s Institutional Clients Group will continue to serve clients in these markets. “I am committed to simplifying our company and allocating our finite resources to where we can generate the best returns for our shareholders. While we have made progress optimizing these 11 consumer markets, we believe our Global Consumer Bank will achieve stronger performance by focusing on the countries where our scale and network provide a competitive advantage,” CEO Michael Corbat said.
08:00 EDTCCitigroup reports Q3 revenue $20B ex- CVA/DVA
Subscribe for More Information
07:59 EDTCCitigroup reports Q3 EPS $1.15 ex CVA/DVA, consensus $1.12
Subscribe for More Information
07:33 EDTLVSLas Vegas Sands weakness a buying opportunity, says Susquehanna
Susquehanna said the recent weakness in Las Vegas Sands creates an attractive entry point for long term investors. The firm remains comfortable with its estimates and took a more conservative stance in Macau following September results. Susquehanna maintains its Positive rating and $79 price target on the stock.
07:31 EDTGOOGGoogle says YouTube Preferred ads essentially sold out, WSJ reports
Subscribe for More Information
07:24 EDTAAPLApple price target raised to $110 from $96 at Credit Suisse
Credit Suisse raised Apple's price target to $110 and materially raised estimates to reflect new iPhone forecasts. The firm maintains its Neutral rating based on limited upside.
07:24 EDTINTCIntel gains government ally in China with new deals, Reuters says
Subscribe for More Information
07:13 EDTCCitigroup chairman suggests wrapping FDIC, OCC into single regulator, WSJ says
Citigroup Chairman Michael O'Neill is calling for a more rational regulatory landscape, the Wall Street Journal reports. He suggests wrapping the FDIC and the Office of the Comptroller of the Currency into a single banking regulator. Reference Link
06:38 EDTLVSLas Vegas Sands downgraded to Neutral from Buy at BofA/Merrill
Subscribe for More Information
06:37 EDTAAPLUMC lands 28nm LTE chip orders from Qualcomm, DigiTimes reports
Subscribe for More Information
06:36 EDTAAPL, GOOG'Double Irish' tax arrangement poised to halt, itnews says
Ireland is positioned to enact legal revisions soon that will slowly cease its "Double Irish" tax agreement, which has allowed companies like Google (GOOG) and Apple (AAPL) to not spend billions of dollars worth of taxes, according to itnews, citing, two sources familiar with the situation. Reference Link
06:30 EDTAAPLApple expected to show new iPads at Thursday's event, Re/code says
Subscribe for More Information
06:30 EDTAAPLSolvay, Apple allegedly enter supply agreement, Bloomberg says
Solvay (SVYZY) and Apple (AAPL) have supposedly entered a supply agreement in which the Belgium chemical company will supply a type of high-performance plastic for iPhone 6 devices, according to Bloomberg, citing two people with knowledge of the situation. Reference Link
06:29 EDTINTCTSMC and rivals racing to pack computer power in each chip, WSJ says
Subscribe for More Information
06:19 EDTGOOGGoogle expands Express delivery service, to charge membership fee
Subscribe for More Information
06:02 EDTGOOGGoogle may be leading $500M funding round for Magic Leap, Re/code reports
Subscribe for More Information
October 13, 2014
16:02 EDTAAPL, COptions Update; October 13, 2014
iPath S&P 500 VIX Short-Term Futures up 3.71 to 39.56. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX SUNE GILD BAC PBR according to Track Data.
15:24 EDTCNotable companies reporting before tomorrow's open
Subscribe for More Information
15:06 EDTGOOGGoogle confirms limited test of online medical advice, Washington Post reports
Subscribe for More Information
14:33 EDTCEarnings Preview: Citigroup to report with shares up 11% over last six months
Subscribe for More Information
13:53 EDTGOOGYouTube to open New York video production studio
Google's YouTube announced that it would open a new video production studio in New York next month. YouTube already has video production facilities in London, Los Angeles and Tokyo.
13:48 EDTCCitigroup October volatility increases into Q3 and revenue outlook
Citigroup October call option implied volatility is at 39, November is at 25, December is at 25, January is at 24; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 14.
13:10 EDTGOOGGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
09:39 EDTAAPLActive equity options trading on open
Subscribe for More Information
08:31 EDTAAPLApple says iPhone 6, 6 Plus to arrive in 36 more countries this month
Subscribe for More Information
08:06 EDTGOOGQihoo 360 launches ad exchange platform, Marbridge Daily reports
Subscribe for More Information
07:57 EDTGOOGGoogle price target lowered to $650 from $685 at Cowen
Subscribe for More Information
07:53 EDTGOOGYouTube changes have diffused much of tension with copyright holders, FT says
YouTube, which implemented Content ID in 2007 to help producers manage their rights and generate revenues from copyright-infringing content, has hit $1B in payments to companies that participate in the program and Fred von Lohmann, legal director for copyright at Google, credits the program for diffusing much of the tension the site previously had with copyright holders, reported Financial Times. Via Content ID, copyright owners can “monetize” their content by allowing ads to be sold against it or have the video blocked and taken down and von Lohmann told Financial Times that the "vast majority" choose to monetize. Reference Link
07:36 EDTLVSLas Vegas Sands October volatility elevated into Q3 and Macau outlook
Las Vegas Sands October call option implied volatility is at 66, November is at 40, December is at 36, January is at 35; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 16.
07:22 EDTGOOGSony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
07:19 EDTCAmEx, Capital One profits seen boosted by credit card 'sweet spot,' WSJ says
Credit card players such as American Express (AXP) and Capital One (COF), as well as banks with significant card units like JPMorgan (JPM), stand to benefit from the U.S. card industry's "sweet spot" of moderate economic growth, low interest rates and consumers who are better managing payments while growing their spending, said The Wall Street Journal, which noted that consulting firm R.K. Hammer estimates U.S. card issuers' revenue will grow 9% this year to $158.6B. Other U.S. banks with credit card units include Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) and other card companies include Visa (V) and MasterCard (MA). Reference Link
06:44 EDTCRegulators seeking banks' auto loan data, Reuters reports
Subscribe for More Information
06:44 EDTGOOGGoogle testing feature that allows video chats with doctors, Engadget reports
Subscribe for More Information
06:44 EDTGOOGGoogle could announce new Nexus tablet on October 15, 9to5Google reports
Google's new Nexus tablet may be announced on Wednesday, October 15, 9to5Google reports, citing Bright Side of News. The HTC-made tablet is rumored to cost $400. Reference Link
06:41 EDTAAPLWalgreens to roll out Apple Pay on October 18, MacRumors reports
Walgreens (WAG) will begin rolling out Apple Pay (AAPL) on Saturday, October 18, according to a memo obtained by MacRumors. Reference Link
06:28 EDTLVSLas Vegas Sands shares could rally $10 on Tokyo win, says Citigroup
Subscribe for More Information
06:05 EDTAAPLReport: Apple iPhone 6 pre-orders in China reach 20M, Digitimes says
Subscribe for More Information
00:04 EDTCBanking regulators want more disclosure on auto loans, Reuters says
Banking regulators are requesting that banks provide more details on their auto loan portfolios, says Reuters. Balances remaining on auto loans are rising and about a fifth of the loans are subprime, added Reuters. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Capital One (COF), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
October 12, 2014
13:03 EDTCBanks agree on derivatives procedures for future crisis scenario, WSJ says
Meeting at the Federal Reserve in Washington, top banking executives from 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, says the Wall Street Journal. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use