New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 2, 2014
16:20 EDTAAPL, MSFT, BRCM, PL, BEBE, PBYIOn The Fly: Closing Wrap
Stocks on Wall Street began the session in quiet fashion and remained that way through most of the day. The Institute for Supply Management needed to revise it manufacturing data twice during the day, providing some confusion in what was otherwise a listless day. The market moved in a narrow range, as the mellow activity that typified last week continued. Investors may be sidelined as they await the big economic events coming later in the week, which include a meeting of the European Central Bank and the U.S. payroll report for May. ECONOMIC EVENTS: In the U.S., the Institute for Supply Management's manufacturing index appeared to fall to 53.2 in May, missing expectations for a slight rise, but the group than corrected its index to 56, noting that wrong seasonal adjustments were used in the first, incorrect reading. The report was then adjusted for a second time to a reading of 55.4. Markit's manufacturing PMI rose to 56.4 for May, which is a little better than the 56.2 flash print and up from April's 55.4. Construction spending rose 0.2% in April, which was less than the 0.6% growth expected. In China, the government's official Purchasing Managers' Index rose to 50.8 in May from April's 50.4, beating market expectations and indicating that factory activity there expanded at its fastest pace in five months. COMPANY NEWS: Shares of Apple (AAPL) slipped $4.35, or 0.69%, to $628.65 after the company held its keynote at the first day of its Worldwide Developers Conference, or WWDC. At the event, Apple announced OS X Yosemite, a new version of its Mac operating system, that makes working across devices more fluid, will let Mac users make or receive iPhone calls using their computer as a speakerphone, and now uses Microsoft's (MSFT) Bing for search. Apple also unveiled iOS 8, its updated mobile operating system, that added new Messages features, new photo functions and a new Health app. Additionally, Apple confirmed its launch of Home Kit, a "smart home" platform that had been hinted at in recent media reports. MAJOR MOVERS: Among the notable gainers was Protective Life (PL), which surged $6.20, or 11.85%, to $58.50 after the Nikkei said that Japan's Dai-ichi Life Insurance is in late stage talks to acquire its U.S. life insurance peer. Also higher was Broadcom (BRCM) rose $2.97, or 9.32%, to $34.84 after the company announced it has engaged JPMorgan (JPM) to help it explore strategic alternatives for its cellular baseband business, including a potential sale or wind-down. Among the noteworthy losers was Puma Biotechnology (PBYI), which fell $19.37, or 25.34%, to $57.06 after it presented results from an ongoing Phase II clinical trial of its investigational treatment of HER2 positive metastatic breast cancer that has metastasized to the brain at the American Society of Clinical Oncology annual meeting. Also lower were shares of Bebe Stores (BEBE), which plunged 68c, or 16.81%, to $3.39 after the company's CEO Steve Birkhold disclosed in a filing after the close Friday that he'd sold over 140K shares of the company's stock for $4.07 per share on May 29. INDEXES: The Dow rose 26.46, or 0.16%, to 16,743.63, the Nasdaq fell 5.42, or 0.13%, to 4,237.20, and the S&P 500 added 1.40, or 0.07%, to 1,924.97.
News For AAPL;MSFT;BRCM;PL;BEBE;PBYI From The Last 14 Days
Check below for free stories on AAPL;MSFT;BRCM;PL;BEBE;PBYI the last two weeks.
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 | all recent news | >>
September 5, 2014
06:29 EDTAAPL$30 to be competitive price for sapphire covers in 2015, DigiTimes Research says
Subscribe for More Information
06:20 EDTAAPLApple plans to warn users of attempts to hack iCloud, WSJ reports
Subscribe for More Information
06:15 EDTAAPLAvago price target raised to $100 from $90 at Citigroup
Citigroup raised its price target for Avago (AVGO) shares to $100 citing increased confidence in the company's wireless content gains after meeting with management. Citi believes Avago will likely double its dollar content in Apple's (AAPL) iPhone 6 when compared to the iPhone 5S. The firm reiterates a Buy rating on Avago, calling the stock its top specialty semi pick. The stock closed yesterday up 70c to $86.09.
September 4, 2014
17:32 EDTAAPLApple can head higher, Samsung event underwhelms, Barron's says
Subscribe for More Information
16:07 EDTBEBEbebe stores plans to open four new bebe stores, to close 12 bebe, outlet stores
Subscribe for More Information
16:05 EDTBEBEbebe stores sees Q1 SSS to be in the negative low single digit to flat range
Subscribe for More Information
16:03 EDTBEBEbebe stores reports Q4 adjusted EPS (18c), consensus (17c)
Subscribe for More Information
16:00 EDTAAPLOptions Update; September 4, 2014
Subscribe for More Information
13:56 EDTMSFTGetty Images files lawsuit against Microsoft over photo tool, Reuters reports
Subscribe for More Information
11:59 EDTAAPLApple to feature NFC in iWatch as well as iPhone, WSJ says
Subscribe for More Information
11:20 EDTAAPLApple iPhone 6 seen lacking sapphire cover, AppleInsider says
Subscribe for More Information
09:35 EDTAAPLActive equity options trading on open
Subscribe for More Information
09:08 EDTAAPLExperts: Photo theft should highlight cloud risk, The Hill reports
The recent theft of celebrity photos from Apple's iCloud should make people realize the dangers of using the cloud to store personal information, The Hill quoted security experts as saying. Meanwhile, the website reported that the Federal Trade Commission could launch a probe in response to the incident, while Congress may also respond. Reference Link
08:47 EDTAAPLApple shares should be bought on weakness, says JMP Securities
Subscribe for More Information
07:30 EDTAAPLApple has good read through from ineffective Samsung launch, says Cantor
Subscribe for More Information
06:51 EDTAAPLApple's iPhone 6 subsidies unlikely to be cut in China, WantChinaTimes says
Subscribe for More Information
06:40 EDTAAPLApple, others restart discussions with tech staff in hiring suit, Reuters says
Subscribe for More Information
06:30 EDTMSFT, AAPLIDC: Phablet shipments to pass PCs in 2014, tablets in 2015, DigiTimes reports
Subscribe for More Information
06:22 EDTAAPLeBay to meet PayPal estimates despite competition, says Piper Jaffray
Subscribe for More Information
05:56 EDTAAPLStocks with implied volatility movement; END AAPL
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 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