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News Breaks
February 10, 2014
12:33 EDTBEBE, L, BWP, MDCO, MCHP, AMAP, MCD, CYOU, SUPX, DKS, AAPLOn 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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May 13, 2015
05:55 EDTAAPLTSMC awarded orders for SSD controller chips for Apple, DigiTimes reports
TSMC (TSM) has landed SSD controller chip orders from Apple, reports DigiTimes. According to industry sources, TSMC will utilize a 28nm process to fabricate controller cihps for Apple. Reference Link
May 12, 2015
16:01 EDTAAPLOptions Update; May 12, 2015
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15:50 EDTAAPLSamsung releases next-gen smart watch details to developers, SamMobile says
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13:06 EDTAAPLVivendi says talking to Spotify about streaming, Bloomberg reports
Vivendi (VIVHY) said on its earnings conference call that is having discussions with Spotify regarding a streaming service, Bloomberg reports. Apple's (AAPL) streaming service may affect music sales and margins, Vivendi noted. Shares of Spotify competitor Pandora (P) are up 36c to $18.53 in afternoon trading.
09:38 EDTAAPLActive equity options trading on open
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08:31 EDTAAPLApple likely to launch TV video service this year, says Pacific Crest
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07:41 EDTAAPLApple CEO says holding talks about Apple Pay with Alibaba, Reuters reports
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06:58 EDTAAPLApple examines new nano material touch panels, ETNews reports
Apple (AAPL) is planning to example nano new material on touch panels, reports ETNews. The company expects the new technology to raise sense of touch and decrease cost. According to unnamed sources, Apple requested AgnW touch-panel samples that is verified for mass-production from LG Display (LPL), Samsung Display (SSNLF), Japan Display and other suppliers. Reference Link
May 11, 2015
19:45 EDTMCDMcDonald's to simplify drive-thru, add mid-priced items, WSJ says
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16:00 EDTAAPLOptions Update; May 11, 2015
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14:57 EDTAAPLUSPTO sides with Apple, says certain claims of VirnetX 'unpatentable'
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12:17 EDTAAPLApple mulls expansion of key Irish plant, Independent. ie says
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11:37 EDTAAPLApple expanding renewable energy projects in China
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11:24 EDTAAPLUBS says Apple Watch could become 'must-have' device, but not yet
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09:56 EDTAAPLIDC: Apple leads smartphone vendors in China during Q1
IDCís latest Mobile Phone Tracker shows the China smartphone market contracted by 4% year-on-year with 98.8M units shipped in the first quarter of 2015. This is the first time in six years that the China smartphone market declined YoY as the market continues to mature. On a QoQ basis, the market contracted 8% on the back of a large inventory buildup at the end of last year. The study said Apple (AAPL) was the top smartphone vendor in China in the first quarter, with consumers still having a strong appetite for the larger screens on the iPhone 6 and iPhone 6 Plus. Xiaomi slipped to the second position as it faced strong competition from other vendors in the low to mid-range segment of the market, while Huawei maintained third position as it saw a good uptake in the mid-range segment. Samsung (SSNLF) and Lenovo (LNVGY) both led the market at least once last year, but rankings have since changed quickly, highlighting the volatility of consumers' brand preference in China. Reference Link
09:37 EDTAAPLActive equity options trading on open
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08:48 EDTMCDPanera Bread appoints Drew Madsen President effective May 11
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08:41 EDTAAPLApple Watch may become 'must have' as interface to internet, says UBS
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06:44 EDTAAPLFiat Chrysler CEO met with Apple, Tesla CEOs, Reuters says
During a trip to California, Fiat Chrysler (FCAU) CEO Sergio Marchionne met with Apple (AAPL) CEO, Tim Cook, and Tesla (TSLA) CEO Elon Musk, reports Reuters, citing Marchionne. Marchionne also vowed that the company would make a stronger attempt in the luxury SUV market, Reuters adds. Reference Link
05:05 EDTAAPLApple announces environmental initiatives in China
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