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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
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October 14, 2014
06:36 EDTAAPL'Double Irish' tax arrangement poised to halt, itnews says
Ireland is positioned to enact legal revisions soon that will slowly cease its "Double Irish" tax agreement, which has allowed companies like Google (GOOG) and Apple (AAPL) to not spend billions of dollars worth of taxes, according to itnews, citing, two sources familiar with the situation. Reference Link
06:32 EDTMSFTMicrosoft says hit 1M registrants to test Windows 10 preview version
Microsoft says on its Windows blog that it hit 1M registrants for the Windows Insider Program to test the preview version of Windows 10. The company says it has received 200,000 items of user feedback. Reference Link
06:30 EDTAAPLApple expected to show new iPads at Thursday's event, Re/code says
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06:30 EDTAAPLSolvay, Apple allegedly enter supply agreement, Bloomberg says
Solvay (SVYZY) and Apple (AAPL) have supposedly entered a supply agreement in which the Belgium chemical company will supply a type of high-performance plastic for iPhone 6 devices, according to Bloomberg, citing two people with knowledge of the situation. Reference Link
06:20 EDTGMGeneral Motors downgraded to Buy from Conviction Buy at Goldman
Goldman removed General Motors from the Conviction Buy List and lowered estimates to to cuts in North American and European production and a difficult pricing environment. The firm maintains its Buy rating and views risk/reward as favorable and expects reasonably strong comps over then next two quarters. Price target lowered to $47 from $48.
05:58 EDTHTZStocks with implied volatility above IV index mean; HTZ SD
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October 13, 2014
16:33 EDTMSFTMicrosoft and Salesforce.com unveil new joint solutions
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16:04 EDTMSFTSkullcandy announces two ASTRO headsets compatible with Xbox One
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16:02 EDTAAPLOptions Update; October 13, 2014
iPath S&P 500 VIX Short-Term Futures up 3.71 to 39.56. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX SUNE GILD BAC PBR according to Track Data.
13:10 EDTMSFTGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
12:10 EDTGMGM lawyer says 27 people eligible for ignition switch compensation, AP reports
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09:39 EDTAAPLActive equity options trading on open
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09:09 EDTMSFTMicrosoft Q1 results likely to beat expectations, says Bernstein
Bernstein believes that Microsoft's cloud business continues to grow, and it expects adoption of the company's cloud products to accelerate this quarter. The firm reiterates a $56 price target and Outperform rating on the shares.
08:31 EDTAAPLApple says iPhone 6, 6 Plus to arrive in 36 more countries this month
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07:15 EDTMSFTNational Association of Corporate Directors to hold a conference
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06:44 EDTGMRegulators seeking banks' auto loan data, Reuters reports
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06:41 EDTAAPLWalgreens to roll out Apple Pay on October 18, MacRumors reports
Walgreens (WAG) will begin rolling out Apple Pay (AAPL) on Saturday, October 18, according to a memo obtained by MacRumors. Reference Link
06:05 EDTAAPLReport: Apple iPhone 6 pre-orders in China reach 20M, Digitimes says
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06:03 EDTHTZStocks with implied volatility above IV index mean; HTZ MU
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October 12, 2014
17:21 EDTGMTesla ahead of other car makers on semiautonomous driving system, WSJ says
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