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Stock Market & Financial Investment News

News Breaks
August 13, 2013
16:26 EDTAAPL, LCC, AAMRQ, OSIR, JOSB, UAL, DAL, PGEM, IOCOn The Fly: Closing Wrap
Stocks on Wall Street were higher following comments from a regional Fed president suggesting a September "taper" may be unlikely. The Fedspeak appeared to offset worse than expected retail sales data released earlier in the day. The Nasdaq logged the day's largest gain, boosted by a surge in shares of Apple (AAPL), which climbed following the disclosure by activist investor Carl Icahn of a large stake. ECONOMIC EVENTS: In the U.S., retail sales edged up 0.2% in July, missing expectations for a 0.8% increase. Retail sales excluding autos increased 0.5%, however, which was a bit above the 0.4% rise expected for that reading. Import prices rebounded to rise 0.2% in July after being down in the prior month, while export prices slipped 0.1% in July. Business inventories were flat in June, versus expectations for them to grow 0.2%. Comments made by Atlanta Fed President Dennis Lockhart near midday sent the averages higher, as Lockhart largely ruled out a September tapering of the Fed's asset purchases given recent economic and employment data. COMPANY NEWS: Apple gained $22.21, or 4.75%, to $489.57 after Carl Icahn announced on his Twitter account that he has built a "large" position in the iPhone and iPad maker. Icahn also tweeted that he had a conversation with Apple CEO Tim Cook today, during which he told Cook a larger share buyback should be done now. A late afternoon headline from Bloomberg said that Icahn's position in Apple is over $1B... The Department of Justice filed an antitrust lawsuit seeking to block the proposed merger of US Airways (LCC) and American Airlines' bankrupt parent AMR Corp. (AAMRQ), saying the tie-up will result in passengers paying higher fares and receiving less service. Following the news, AMR shares fell $2.64, or 45.44%, to $3.17 and US Airways fell $2.46, or 13.07%, to $16.36. MAJOR MOVERS: Among the notable gainers was Osiris Therapeutics (OSIR), which saw its shares more than double, adding $14.78, or 138.65%, to $25.44 after a clinical trial of its treatment for diabetic foot ulcers met the pre-specified stopping rules for "overwhelming" efficacy. Also higher were shares of JoS. A. Bank (JOSB), up $5.03, or 12.48%, to $45.33 after BeaconLight Capital sent a letter to the company's board saying its stock could be worth $70 if the company took "a few simple steps." Among the noteworthy losers were a number of airline stocks, including United Continental (UAL), down $2.48, or 7.47%, to $30.73, and Delta Air Lines (DAL), down $1.49, or 7.08%, to $19.55 after the DoJ filed to block the proposed merger between US Airways and AMR. Also lower following their quarterly reports were Ply Gem Holdings (PGEM), down $3.66, or 19.34%, to $15.26, and InterOil (IOC), down $8.47, or 10.09%, to $75.51. INDEXES: The Dow was up 31.33, or 0.20%, to 15,451.01; the Nasdaq was up 14.49, or 0.39%, to 3,684.44; and the S&P 500 was up 4.69, or 0.28%, to 1,694.16.
News For AAPL;LCC;AAMRQ;OSIR;JOSB;UAL;DAL;PGEM;IOC From The Last 14 Days
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September 18, 2014
05:40 EDTAAPLApple says will never allow government access to servers
Apple launched a website dedicated to privacy with a message from its CEO Tim Cook. The message stated in part, "We donít build a profile based on your email content or web browsing habits to sell to advertisers. We donít Ďmonetizeí the information you store on your iPhone or in iCloud. And we donít read your email or your messages to get information to market to you. Our software and services are designed to make our devices better. Plain and simple...Finally, I want to be absolutely clear that we have never worked with any government agency from any country to create a backdoor in any of our products or services. We have also never allowed access to our servers. And we never will."
September 17, 2014
16:46 EDTAAPLApple says HealthKit apps not available until end of month
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16:14 EDTIOCInterOil initiated with an Outperform at Credit Suisse
Credit Suisse initiated InterOil with an Outperform and $71 price target.
16:00 EDTAAPLOptions Update; September 17, 2014
iPath S&P 500 VIX Short-Term Futures down 24c to 27.63. Option volume leaders: AAPL TSLA BAC TWTR AMZN X WLT KO PBR according to Track Data.
15:46 EDTAAPLApple using own CDN, not Akamai, Level 3, for iOS 8, StreamingMediaBlog says
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13:57 EDTAAPLiPhone code compromises users, reroutes to fake eBay site, BBC says
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12:27 EDTAAPLNet Element shares higher by over 29% after integrating Apple services
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11:42 EDTAAPLVerizon says company-wide growth at moment is 'fine'
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10:15 EDTAAPLDiscover calls active, rumored to be eyed as target by Apple, report
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10:07 EDTAAPLApple could announce new products at October event, Apple Insider says
Apple is said to be planning an event for the second half of October where it will unveil more gadgets, a source tells Apple Insider. The company may unveil a next-generation iPad Air and iPad mini which is rumored to feature the company's Tough ID fingerprint sensor. Reference Link
10:04 EDTAAPLDiscover rumored to be eyed as target by Apple, Bank Innovation says
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
08:08 EDTUALUnited Continental adding 50 E175 aircraft to United Express fleet
United Airlines (UAL) will amend its existing agreement with regional carrier Shuttle America, to add 50 E175 aircraft. Shuttle America's parent company, Republic Airways Holdings (RJET), will determine which of its carriers will operate the new 76-seat aircraft under the United Express brand. United anticipates deliveries will begin in July 2015 and continue through the summer of 2017.
07:43 EDTAAPLApple iPhone prices could rise, says RBC Capital
After conducting a survey of consumers, RBC Capital believes that average sales prices for Apple's iPhone could rise $90 quarter-over-quarter and $65 year-over-year, while gross margins could increase as a result of higher average memory per device. The firm raised its price target on the name to $114 from $110 and keeps an Outperform rating.
07:22 EDTAAPLEarly reviews point to iPhone 6 battery life similar to iPhone 5s, BI says
After analyzing the first round of major tech publications' reviews of the iPhone 6 and 6 Plus, Business Insider said critics have "mixed" opinion's on the battery life of the 6 and that it "seems like" the smaller phone's battery life won't be radically different from the iPhone 5s. Reference Link
06:31 EDTAAPLLG Display to supply AMOLED panels for Apple Watch, DigiTimes reports
LG Display (LPL) are expected to supply Apple (AAPL) 5M AMOLED panels a month in 2015 for the Apple Watch, reports DigiTimes. According to sources from LG Display, Apple aims to sell upwards of 50M Apple Watches in 2015. Apple will reportedly not purchase AMOLED panels from Samsung (SSNLF) Display and instead will have LG as the sole panel provider for the Apple Watch. Reference Link
06:29 EDTAAPLApple iPhone 6 products sell out fast in Taiwan market, DigiTimes says
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06:17 EDTAAPLApple supplier reportedly struggling to meet iPhone demand, WSJ reports
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05:22 EDTUALRepublic Airways acquires 50 new Embraer E175 aircraft
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05:20 EDTUALRepublic Airways to expand regional jet operations with United Airlines
Republic Airways (RJET) announced that it has reached an agreement to amend its existing Shuttle America E-Jet capacity purchase agreement, or CPA, with United Airlines (UAL) to add 50 new Embraer 76-seat E175 aircraft. The duration of each aircraft under the E-Jet CPA will be 12 years. As a part of the amendment, Shuttle and United have agreed to extend the duration of the term of the agreement for the existing 38 E170 aircraft, with new expiration dates ranging from September of 2019 through December of 2022. Republic also reached an agreement with United to amend its Q400 CPA allowing for a wind-down schedule beginning in January 2015 and ending in September 2016. Republic Airlines currently operates 31 Q400 aircraft under the Q400 CPA. Republic has entered into a sublease with Flybe Limited, a UK airline, for 24 Q400 aircraft, with deliveries to Flybe coordinated with the removal of the aircraft from United service. The remaining Q400 aircraft will be sold, leased or returned to the lessor after removing them from United service.
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