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Stock Market & Financial Investment News

News Breaks
June 6, 2014
16:50 EDTHTZ, HSH, AAPL, TSN, GM, PPC, MSFTMarket ends week higher after jobs report, ECB easing
Stocks ended the week higher after a report showed the U.S. added more than 200K new jobs for the fourth month in a row, the EU's central bank unveiled a comprehensive monetary easing plan and China's purchasing managers' index came in above expectations. MACRO NEWS: In the U.S., the monthly jobs report from the Bureau of Labor Statistics showed that non-farm payrolls rose 217K and the unemployment rate stayed at 6.3% in May. Data on manufacturing and weekly jobless claims were close to consensus estimates, an index measuring the services sector's performance in May was ahead of forecasts and construction spending in April came in below expectations... European Central Bank President Mario Draghi outlined a package of monetary easing measures, including a reduction in the benchmark interest rate to unprecedented levels, a negative deposit rate for banks, and incentives for banks to lend... China's official manufacturing 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. A government index measuring the country's services sector, meanwhile, hit a six month high in May. COMPANY NEWS: Apple (AAPL) announced OS X Yosemite, a new version of its Mac operating system, that is supposed to make working across devices more fluid, will let Mac users make or receive iPhone calls using their computer, and uses Microsoft's (MSFT) Bing for search. Apple also unveiled iOS 8, its updated mobile operating system. The new operating system will include new Messages features, new photo functions and a new Health app, Apple said. Additionally, Apple confirmed its launch of Home Kit, a "smart home" platform that had been hinted at in recent media reports... On the M&A front, Pilgrim's Pride (PPC) raised its takeover offer for Hillshire (HSH) to $55.00 per share in cash, which is up from its prior offer of $45 topping a rival bid of $50 per share that was made by Tyson Foods (TSN). For its part, Hillshire said its board has agreed to hold separate talks with Pilgrim's Pride and Tyson about their recent unsolicited proposals, but Hillshire cautioned that it does not have the right to terminate its Pinnacle Foods (PF) merger agreement on the basis of either of the two companies' takeover proposals... General Motors (GM) released the results of a probe of its handling of its defective ignition switches. The report found no conspiracy, but a pattern of incompetence. GM fired 15 of its employees in the wake of the report, which found that CEO Mary Barra didn't know about the issues until the company issued a recall. GM warned that it could take significant Q2 charges as a result of the recalls... Shares of Hertz (HTZ) plunged today after the company disclosed further accounting issues this morning and warned that its Q1 results are "likely to be below consensus" due to costs associated with its accounting review, other unusual items, and certain anticipated operating results. INDEXES: The Dow was up 1.24% to 16,924.28, the S&P 500 was up 1.34% to 1,949.44, and the Nasdaq was up 1.86% to 4,321.40.
News For AAPL;MSFT;GM;HSH;PPC;TSN;HTZ From The Last 14 Days
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November 14, 2014
06:54 EDTAAPLU.S.warns on vulnerability in Apple's iOS, Reuters reports
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06:16 EDTAAPLEU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says
The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link
November 13, 2014
16:03 EDTAAPLOptions Update; November 13, 2014
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14:50 EDTHTZLonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTHTZLonestar capital to shut down, DJ reports
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13:28 EDTAAPLBlackBerry hits 52-week high after unveiling partnerships
Shares of BlackBerry (BBRY) hit a new 52-week high after the company announced three new partnership deals. The company is slated to hold its analyst day today, starting at 3:30 PM ET. WHAT'S NEW: BlackBerry announced that it would partner with Samsung to provide a security solution for the South Korean company's mobile devices that utilize Google's (GOOG) Android operating system. Under the deal, BlackBerry’s BES12, an Enterprise Mobility Management system, or EMM that was launched today, will be integrated with some of Samgung's Galaxy smartphones and tablets. BES 12 "securely manages devices from all of the major enterprise mobile platforms" and "will help organizations securely connect employees with each other and with the corporate information and machines” they need, BlackBerry stated. Also today, Blackberry announced that it would connect its EMM solutions to Salesforce's (CRM) top customer relationship management platform. "This agreement will allow Salesforce and BlackBerry joint customers to run their businesses from their phone while complying with specific industry regulations," said Vivek Kundra, a Salesforce Executive Vice President in a statement. "BlackBerry has an excellent reputation in security and networks, and when matched with the Salesforce Customer Success Platform, public sector organizations can use their mobile devices to connect with customers in a whole new way," added Kundra. Finally, BlackBerry announced that Brightstar would distribute BES 12. BlackBerry described Brightstar as "the world's largest wireless distribution company and leader in services for the wireless industry." WHAT'S NOTABLE: BES12 is expected to compete with Apple (AAPL) in the enterprise space. Apple earlier this year announced that it was partnering with IBM (IBM) in an effort to sell more products to corporate customers. PRICE ACTION: In mid-afternoon trading, BlackBerry jumped 6% to $11.95. Earlier today the shares set a new 52-week high of $12.05.
11:52 EDTMSFTMicrosoft confirms acquisition of security company Aorato
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11:13 EDTAAPLApple hits 52-week high after Bernstein says margins could climb
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10:01 EDTTSNOn The Fly: Analyst Initiation Summary
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09:40 EDTAAPLActive equity options trading
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08:01 EDTAAPLApple price target raised to $120 from $110 at Bernstein
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08:01 EDTAAPLCalpian says deploys Apple Pay for merchants
Calpian, Inc. (CLPI) has successfully enabled Apple Pay (AAPL) for its merchant customers as they respond to growing consumer interest in the new mobile payment service.
07:29 EDTMSFTMicrosoft to buy Aorato for about $200M, sources say, WSJ reports
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06:45 EDTMSFTMicrosoft Xbox sales tripled since price cut, CNet reports
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06:44 EDTTSNTyson Foods initiated with an Outperform at RBC Capital
Target $48.
06:39 EDTAAPLApple's rumored iPad Pro delayed to 2Q15, AppleInsider reports
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06:24 EDTGMHeidrick & Struggles picked by GM to find new general counsel, WSJ reports
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06:23 EDTAAPLChipmakers in Apple Watch supply chain to start production, DigiTimes reports
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06:20 EDTMSFTAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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06:07 EDTAAPLApple paying little in iTunes taxes outside North America, AFR reports
According to a report from The Australian Financial Review, which cites an investigation led by the International Consortium of Investigative Journalists, more than two-thirds of the money Apple’s iTunes makes outside North America goes through the group’s Luxembourg holding company where it is not taxable. Apple has been widely criticized for its tax practices in Europe. Reference Link
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