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News Breaks | | | | January 24, 2013 | | 16:38 EDT |  | AAPL, NFLX, BMY, NOK, TZOO, SWFT, UA, CRUS | On The Fly: Closing Wrap
Stocks on Wall Street were mixed as the Dow gained on the session, but Apple's (AAPL) steep post-earnings decline weighed on the Nasdaq. Among notable companies reporting earnings after tonight's close are Dow members Microsoft (MSFT) and AT&T (T)... ECONOMIC EVENTS: In the U.S., weekly jobless claims fell 5K to a seasonally adjusted 330K, which was below expectations for 360K. Markit's Flash U.S. Purchasing Managers’ Index jumped to 56.1 in January from the 54.0 final print for December. The leading indicators increased 0.5% to 93.9 in December, versus an expected increase of 0.4%. In Europe, the composite euro zone Purchasing Managers’ Index rose to 48.2 in January from 47.2 in December, beating expectations. In China, HSBC's flash PMI rose to 51.9 in January, slightly beating expectations for a 51.7 reading... COMPANY NEWS: The world's most valuable company, Apple, disappointed investors with its quarterly report and shares were punished through the session, closing down $63.51, or 12.35%, to $450.50. Despite earnings that beat consensus, Apple's revenue and iPhone sales fell short of expectations and the company said on its conference call that it is changing its approach to guidance, admitting it had been intentionally conservative in the past... Netflix (NFLX) shares were up $43.60, or 42.22%, to $146.86 after the company reported a profitable quarter when a loss was expected... Among large cap companies reporting results Bristol-Myers (BMY) gained 91c, or 2.61%, to $35.81 while Nokia (NOK) lost 38c, or 8.19%, to $4.26... MAJOR MOVERS: Among the notable gainers were Travelzoo (TZOO), up $4.67, or 24.31%, to $23.88, and Swift Transportation (SWFT), up $2.91, or 28.45%, to $13.14 after both companies beat earnings expectations. Among noteworthy losers was Under Armour (UA), down $1.83, or 3.84%, to $45.86 after the company's footwear VP announced his resignation. Also lower were shares of Cirrus Logic (CRUS), down $3.24, or 10.82%, to $26.71 the day after Apple's earnings report and ahead of Cirrus' own report, which came after today's closing bell... INDICES: The Dow was up 46.00, or 0.33%, to 13,825.33; the Nasdaq was down 23.29, or 0.74%, to 3,130.38; and the S&P 500 was virtually unchanged, rising 0.01 to 1,494.82. | |
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News For AAPL;NFLX;BMY;NOK;TZOO;SWFT;UA;CRUS From The Last 14 Days Check below for free stories on AAPL;NFLX;BMY;NOK;TZOO;SWFT;UA;CRUS the last two weeks. |
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| May 21, 2013 | | 16:04 EDT |  | AAPL | Options Update; May 21, 2013
 Subscribe for More Information | | | 13:17 EDT |  | NFLX | Netflix says Ricky Gervais' original series to debut September 12
Subscribe for More Information | | | 09:42 EDT | | AAPL | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C | | | 09:34 EDT |  | AAPL | Apple trades lower, levels to watch
The shares are down less than 1% in the early going, last at $439.04. At that price, next support is at $437.85, a prior pivot high and then at $433.26. Resistance is at $444.46. | | | 08:12 EDT |  | AAPL | Senate Homeland Security and Governmental Affairs Committee to hold a hearing
The Permanent Subcommittee on Investigations holds a hearing entitled, "Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)" with CEO Cook, SVP & CFO Oppenheimer and Head of Tax Operations Bullock of Apple (AAPL) on May 21 at 9:30 am. Webcast Link | | | 07:50 EDT |  | AAPL | Ireland rejects allegations that it's a tax haven, FT reports
Ireland rejected allegations contained in a U.S. Senate committee report that it is a tax haven which has helped Apple avoid paying billions of dollars in taxes worldwide, reports the Financial Times. Deputy Prime Minister Eamon Gilmore said Ireland was “a highly tax compliant country” and loopholes in other countries were to blame for multinational companies’ use of complex tax avoidance strategies. Reference Link | | | 07:34 EDT | | BMY | UBS to host a conference
Subscribe for More Information | | | 07:24 EDT | | BMY | Global Health Care to host a conference
Subscribe for More Information | | | 07:05 EDT | | AAPL | Senate report says Apple avoided paying taxes on $44B of income, Politico says
Subscribe for More Information | | | May 20, 2013 | | 17:12 EDT | | AAPL | Apple has avoided paying taxes on operations for five years, U.S. Senate says
Subscribe for More Information | | | | 17:11 EDT | | AAPL | Apple Operations International has no physical presence, says Senator Levin
Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added. | | | 16:02 EDT | | AAPL | Options Update; May 20, 2013
Subscribe for More Information | | | 15:19 EDT | | AAPL | Apple sees paying over $7B in taxes to U.S. in current fiscal year
Apple released testimony the company plans to give before the permanent subcommittee on investigations of the U.S. Senate tomorrow. In part, the company plans to state it expects to pay over $7B in taxes to the U.S. Treasury in its current fiscal year. Apple also contends it is "likely the largest corporate income tax payer in the US, having paid nearly $6B in taxes" to the U.S. in FY12. Reference Link | | | 12:04 EDT | | AAPL | Apple rumored to be testing OLED for iWatch, AppleInsider says
Subscribe for More Information | | | 10:03 EDT | | BMY | Shire advances after report renews takeover speculation
Subscribe for More Information | | | 09:40 EDT | | AAPL | Active equity option families trading
Subscribe for More Information | | | 07:32 EDT | | NOK | Society for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24. | | | 06:30 EDT |  | BMY | Leerink estimates Shire takeout value at least $110 per share
Leerink says a takeover price for Shire (SHPG) would need to be at least $110 per share in order to get the company's board to consider a sale. The firm notes a Daily Mail report last night said Bristol-Myers (BMY) has engaged advisors to study an acquisition of Shire and that Shire's CEO has contacted bankers to consider anti-takeover measures. Leerink believes a Bristol-Myers takeover of Shire would make sense and keeps an Outperform rating on Shire. | | | 06:27 EDT | | AAPL | Apple MacBook orders to rise 20% sequentially in Q2, DigiTimes says
Subscribe for More Information | | | 06:25 EDT | | BMY | Shire may return cash to thwart takeover, Daily Mail reports
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