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Stock Market & Financial Investment News

News Breaks
February 10, 2014
12:33 EDTCYOU, SUPX, DKS, AAPL, BEBE, L, BWP, MDCO, MCHP, AMAP, MCDOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Nasdaq leading and the Dow lagging. The stock market had one of its best days of the year last Thursday and followed that advance with another strong session Friday despite the disappointing monthly jobs report. With little on today's domestic economic calendar, investors may be content to wait on the sidelines in advance of testimony due tomorrow from the new head of the Federal Reserve, Janet Yellen. ECONOMIC EVENTS: In the U.S., no major economic data was released. COMPANY NEWS: Activist investor Carl Icahn announced in a letter published on his "Shareholders Square Table" website that he was dropping his proposal that would have asked Apple (AAPL) to buy back $50B of stock this year. Ichan cited Apple recently being more aggressive in repurchasing shares, as well as advisory firm ISS recommending against his proposal, as reasons to give up on the pursuit... Shares of McDonald's (MCD) slid nearly 1% after reporting that its U.S. comparable sales decreased 3.3% amid challenges including severe winter weather. However, the company reported that its global comparable sales rose 1.2% in the month, powered by strength in China, Japan and Europe... Boardwalk Pipeline Partners (BWP), a midstream master limited partnership and subsidiary of Loews Corporation (L), plunged 39% after the partnership slashed its quarterly distribution to 10c per share from over 53c per share previously. Boardwalk said the reduction will free up cash to help fund growth and reduce leverage in order to strengthen the balance sheet during the "difficult market conditions" it is facing. Shares of parent Loews were also down about 4.5% near midday after its own earnings report... Shares of Dick's Sporting (DKS) climbed about 3% after the sporting goods retailer pre-announced stronger than expected results this morning. MAJOR MOVERS: Among the notable gainers was AutoNavi (AMAP), which rose almost 25% after Alibaba Group offered to acquire all of the shares of AutoNavi not already beneficially owned by Alibaba for $21 in cash per New York listed share. Women's apparel retailer bebe stores (BEBE) also advanced nearly 7% after Reuters said the company has hired Guggenheim Securities to help it explore a potential sale. Also higher was Supertex (SUPX), which jumped 35% after agreeing to be acquired by Microchip Technology (MCHP) for $33 per share in cash, while buyer Microchip gained about 1% following the announcement. Among the noteworthy losers was Chinese online game developer Changyou.com (CYOU), which fell 13% after reporting on its quarterly results, announcing the resignation of its Cheif Financial Officer, and having its stock downgraded to Underweight at Morgan Stanley. Also lower were shares of The Medicines Company (MDCO) which tumbled over 6% after a team leader for the FDA recommended against approving the company's Cangrelor drug, which is intended for use in patients undergoing percutaneous coronary intervention. INDEXES: Near midday, the Dow was down 25.84, or 0.16%, to 15,768.24, the Nasdaq was up 12.21, or 0.3%, to 4,138.07, and the S&P 500 was down 1.84, or 0.1%, to 1,795.18.
News For AAPL;MCD;BWP;DKS;AMAP;L;SUPX;MCHP;BEBE;CYOU;MDCO From The Last 14 Days
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August 18, 2015
07:35 EDTDKSDick's Sporting sees Q3 EPS 45c-48c, consensus 47c
Sees Q3 SSS up 1%-3%. The company expects to open 27 new DICK'S Sporting Goods stores and relocate five DICK'S Sporting Goods stores in the third quarter of 2015. The company also expects to open seven new Field & Stream stores in the third quarter of 2015.
07:35 EDTDKSDick's Sporting sees FY15 EPS $3.13-$3.21, consensus $3.19
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07:33 EDTDKSDick's Sporting reports Q2 eCommerce penetration was 7.3% of total net sales
In the second quarter, the Company opened seven new DICK'S Sporting Goods stores, one new Field & Stream store and closed three Golf Galaxy stores, as these leases expired. As of August 1, 2015, the Company operated 619 DICK'S Sporting Goods stores in 46 states, with approximately 33.1 million square feet, 75 Golf Galaxy stores in 29 states, with approximately 1.4 million square feet and 12 Field & Stream stores in seven states, with approximately 0.6 million square feet.
07:33 EDTDKSDick's Sporting reports Q2 consolidated SSS up 1.2%
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07:33 EDTDKSDick's Sporting reports Q2 EPS excluding items 67c, consensus 75c
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06:30 EDTAAPLU.S. PTO views Apple D'677 iPhone design patent as invalid, Foss Patents says
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06:16 EDTMCDFast food chains making new push with more fresh ingredients, WSJ says
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06:15 EDTAAPLNew Apple TV's OS to be TV-optimized version of iOS 9, 9to5Mac reports
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05:55 EDTAAPLQualcomm to supply all modem chips for next iPhone, DigiTimes reports
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August 17, 2015
19:12 EDTAAPLNew Apple TV device to feature iPhone-like interface, 9to5Mac says
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18:46 EDTAAPLGerman carriers prepare for September launch of next iPhone, AppleInsider says
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17:44 EDTAAPLApple says services, store, cloud may be down for some users, Bloomberg reports
16:00 EDTAAPLOptions Update; August 17, 2015
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15:07 EDTDKSDick's Sporting August 50 straddle priced for 7.4% movement into Q2
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14:48 EDTDKSNotable companies reporting before tomorrow's open
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10:05 EDTAAPLApple preparing first Kangaroo bond, Reuters reports
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09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
08:22 EDTAAPLSprint customers can upgrade iPhone anytime, included in monthly rate
Sprint (S) announced that customers can upgrade their Apple (AAPL) iPhone anytime, included in their monthly rate. New and upgrade eligible Sprint customers can get iPhone for just $22 per month with iPhone Forever. Anytime customers don't have the latest iPhone, they are eligible to upgrade. They bring their iPhone, upgrade on the spot and away they go. It's that simple. iPhone Forever is available on any eligible Sprint rate plan and upgrade eligibility is always included in your price. New or existing customers who are upgrade eligible can bring in any smartphone and get a 16GB iPhone 6 model and their monthly rate will be reduced to just $15 until their next upgrade. As a special promotion, customers who get iPhone 6 and upgrade before December 31 continue with the discount price of $15 until their next upgrade.
07:54 EDTAAPLApple iPhone sales likely to fall in start of fiscal 2016, says Pacific Crest
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06:38 EDTAAPLApple Watch revenue leader in wearable category, Business Insider reports
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