New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 6, 2014
16:50 EDTAAPL, MSFT, GM, HSH, PPC, TSN, HTZMarket 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
Check below for free stories on AAPL;MSFT;GM;HSH;PPC;TSN;HTZ 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 | all recent news | >>
August 11, 2014
15:23 EDTGMJPMorgan to hold a conference
Subscribe for More Information
15:19 EDTMSFTMicrosoft schedules event likely focused on Lumia phones, WMPoweruser says
Subscribe for More Information
10:07 EDTAAPLVirnetX says court denies Apple motion in patent suit
VirnetX (VHC) announced that on August 8 the U.S. District Court for the Eastern District of Texas, Tyler Division, issued its patent claim construction, or "Markman" Order and ruled on a VirnetX motion in the ongoing patent infringement action between VirnetX and Apple (AAPL). Both parties had presented arguments on the disputed terms along with various other motions at a Markman hearing on May 20. In the Markman order, the court denied Apple's Motion for Summary Judgment of Indefiniteness, in which Apple alleged that some of the disputed claims terms in the patents asserted by VirnetX were invalid for indefiniteness. In a separate order, the court granted in part and denied in part VirnetX's Motion for Partial Summary Judgment on Apple's Invalidity Counterclaims. The court's order precludes Apple from asserting invalidity as a defense against infringement of the claims that were tried before a jury in VirnetX's prior litigation against Apple. Apple is not precluded from asserting invalidity as a defense against infringement of the claims that were not tried before a jury in the Apple I case. "We are extremely pleased with the court's rulings and we remain confident in the merits of our complaint against Apple," said Kendall Larsen, VirnetX CEO and President. "We believe the court's Markman Order and motion ruling represents another significant step towards the successful resolution of this litigation."
09:36 EDTAAPLActive equity options trading on open
Subscribe for More Information
06:38 EDTGMGM's ignition switch fund receives 63 death case claims, AP reports
Subscribe for More Information
06:35 EDTMSFTMicrosoft Devices unveils low-cost Nokia 130 phone
Subscribe for More Information
06:23 EDTAAPLGoogle testing "Listen Now" music ads, WSJ reports
Subscribe for More Information
06:07 EDTGMGM's Lansing plant to halt Cadillac production temporarily, Detroit News reports
General Motors will halt Cadillac production at its Lansing Grand River Assembly Plant for three weeks, effective August 18, the Detroit News reports. According to sources, the halt is due to lower than expected demand for the cars. Reference Link
August 10, 2014
16:51 EDTAAPLCourt rejects $324M settlement in tech hiring conspiracy, NYT says
Subscribe for More Information
August 9, 2014
15:40 EDTGMGM loses attempt to dismiss revived ignition-death lawsuit, Bloomberg says
A Georgia judge rejected General Motors' attempt to dismiss a revived lawsuit over the death of woman that precipitated the recall of 2.59M cars over faulty ignition switches, says Bloomberg. Reference Link
August 8, 2014
16:16 EDTAAPLU.S. judge rejects Apple, Google antitrust hiring accord, Bloomberg reports
Subscribe for More Information
16:00 EDTAAPLOptions Update; August 8, 2014
Subscribe for More Information
14:09 EDTGMGeneral Motors announces 269K vehicle recall
Subscribe for More Information
10:00 EDTTSNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Activision Blizzard (ATVI) upgraded to Buy from Neutral at Longbow... Allergan (AGN) upgraded to Outperform from Market Perform at Leerink... Andersons (ANDE) upgraded to Buy from Hold at Feltl... Arista Networks (ANET) upgraded to Buy from Neutral at Citigroup... Barrick Gold (ABX) upgraded to Conviction Buy from Buy at Goldman... Brinker (EAT) upgraded to Outperform from Market Perform at Raymond James... CF Industries (CF) upgraded to Buy from Hold at Feltl... CST Brands (CST) upgraded to Neutral from Underperform at Credit Suisse... Cimarex Energy (XEC) upgraded to Accumulate from Hold at KLR Group... Coca-Cola HBC (OCCH) upgraded to Buy from Hold at Deutsche Bank... Delek US (DK) upgraded to Outperform at Cowen... Fifth Street Finance (FSC) upgraded to Buy from Neutral at Guggenheim... Glimcher Realty Trust (GRT) upgraded to Buy from Neutral at BofA/Merrill... Goodrich Petroleum (GDP) upgraded to Strong Buy from Outperform at Raymond James... Monster Beverage (MNST) upgraded to Neutral from Underperform at Longbow... NIC Inc. (EGOV) upgraded to Outperform from Market Perform at Barrington... NVIDIA (NVDA) upgraded at Needham... POZEN (POZN) upgraded to Buy from Hold at Ascendiant... Power Solutions (PSIX) upgraded to Accumulate from Neutral at Global Hunter... Primoris (PRIM) upgraded to Buy from Hold at BB&T... Sierra Bancorp (BSRR) upgraded to Outperform from Market Perform at Raymond James... Sonus Networks (SONS) upgraded to Outperform from Market Perform at Barrington... Stone Energy (SGY) upgraded to Buy from Accumulate at KLR Group... Tornier (TRNX) upgraded at BMO Capital... Tyson Foods (TSN) upgraded to Buy from Hold at BB&T... WGL Holdings (WGL) upgraded to Buy from Hold at Brean Capital.
09:37 EDTAAPLActive equity options trading on open
Subscribe for More Information
09:28 EDTTSNTyson Foods upgraded to Buy from Hold at BB&T
Subscribe for More Information
08:42 EDTMSFTMicrosoft has made strong progress in cloud, says Pacific Crest
Subscribe for More Information
08:32 EDTMSFTVMware, others could benefit from increased cloud adoption, says Pacific Crest
Subscribe for More Information
07:31 EDTAAPLChina refutes report of Apple product procurement ban, Re/code reports
Subscribe for More Information
06:47 EDTGMGM aims to unveil new Volt hybrid in six months, Reuters says
GM said that it plans to showcase its newest model of its Chevrolet Volt hybrid electric vehicle in six months, reported Reuters. Company officials did not explain details on the pricing or driving range of the 2016 model, but said the car will be revealed at the North American International Auto Show. Reference Link
1 | 2 | 3 | 4 | 5 | 6 | 7 | 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