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Stock Market & Financial Investment News

News Breaks
October 22, 2013
16:43 EDTCOH, MSCC, DD, AAPL, RSH, SYMM, TRV, NUS, UTX, NFLXOn The Fly: Closing Wrap
Stocks on Wall Street were higher after the delayed jobs report showed employers added 148,000 jobs in September. The worse-than-expected jobs number may have given investors reason to believe the Federal Reserve will not look to taper its pace of asset purchases until next year. Today's advance pushed the S&P 500 to another all-time closing high. ECONOMIC EVENTS: The Labor Department's previously delayed employment report for September showed the economy added 148,000 jobs in September, well below analysts' forecast for 185,000. The unemployment rate, however, dipped to 7.2% from 7.3%. The Richmond Fed's manufacturing index inched up to 1 in October from a 0 reading in the prior month. Construction spending rose 0.6% in August, beating expectations for it to have grown 0.4% during the month. COMPANY NEWS: Apple (AAPL) announced a number of new products at a company event in California this afternoon, including a new line of iPads and new MacBook Pro laptops. The company announced that its flagship iPad model will come in a thinner form factor and will be called iPad Air, and its iPad mini will now be available with its high-definition Retina display. Apple announced new MacBook Pro laptops, a new Mac Pro computer tower, and a new desktop operating system, OS X Mavericks, which will be available today via a free download for existing users. Shares of Apple, however, were slightly lower with investors perhaps "selling the news," closing down $1.53, or 0.29%, at $519.83... Internet streaming video service Netflix (NFLX) last night reported stronger than expected quarterly results, sending its shares higher in after-hours and pre-market trading, but all of these gains were forfeited during today's trade, with the stock eventually closing down $31.87, or 9.15%, at $322.52... Three Dow members, including DuPont (DD), Travelers (TRV), and United Technologies (UTX), were among the companies reporting before today's open or after last night's close. All three reported headline earnings that beat consensus, though only DuPont advanced following its report. MAJOR MOVERS: Among the notable gainers was Symmetricom (SYMM), up $2.44, or 51.15%, to $7.21 after the company agreed to be acquired by Microsemi (MSCC) for $7.18 per share. Shares of Microsemi also advanced, rising 60c, or 2.35%, to $26.16 following the news. Also higher was Nu Skin (NUS), up $8.63, or 8.4%, to $111.33 after reporting earnings that beat estimates and raising its long-term sales target to $10B per year from $5B. Among the noteworthy losers following their earnings reports were electronics retailer RadioShack (RSH), down 63c, or 17.9%, to $2.89, and luxury handbag maker Coach (COH), which fell $4.08, or 7.53%, to $50.10. INDEXES: The Dow was up 75.46, or 0.49%, to 15,467.66; the Nasdaq was up 9.52, or 0.24%, to 3,929.57; and the S&P 500 was up 10.01, or 0.57%, to 1,754.67.
News For AAPL;NFLX;TRV;DD;UTX;SYMM;MSCC;NUS;RSH;COH From The Last 14 Days
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May 14, 2015
06:28 EDTDDDuPont upgraded to Neutral from Underperform at BofA/Merrill
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06:20 EDTNFLXStocks with implied volatility below IV index mean; LNKD NFLX
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06:17 EDTAAPLApple plans expansion of key Irish plant, Irish Independent reports
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06:16 EDTAAPLApple and A123 prepare to settle employee-poaching lawsuit, WSJ reports
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May 13, 2015
16:57 EDTNFLXNetflix CCO believes traditional TV will shift towards event coverage, BI says
Netflix Chief Content Officer Ted Sarandos believes that as over-the-top TV services gain momentum, traditional cable and satellite TV is going to become "more about events, and more about award shows and live sports," reports Business Insider, citing remarks at a New York media conference. "Where the attribute really is the liveness of it, television is fantastic. And I think the real saving grace for television is theyíll focus on the other things and make it more event-oriented," said Sarandos. Reference Link
16:23 EDTDDOn The Fly: Top stock stories for Wednesday
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16:06 EDTDD, AAPLOptions Update; May 13, 2015
iPath S&P 500 VIX Short-Term Futures down 38c to 20.67. Option volume leaders: AAPL CSCO NTI FB CSX BABA EIX BAC DD WMB TSLA JCP QCOM DAL
13:15 EDTAAPLInquirer discusses recent Apple for BlackBerry takeover rumors
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12:39 EDTDDOn The Fly: Top stock stories at midday
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10:04 EDTDDDuPont drops after winning proxy fight with Trian Partners
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09:56 EDTDDEquity options with increasing volume
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09:39 EDTNFLX, AAPLActive equity options trading on open
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08:51 EDTDDTrian says 'appears Trian nominees not elected to DuPont board'
Trian Fund Management, L.P., one of the largest stockholders of E. I. du Pont de Nemours and Company, which beneficially owns approximately 24.6 million DuPont shares, said it appears that the Trian nominees were not elected to the DuPont Board at todayís Annual Meeting of Stockholders. Trian issued the following statement: "Trianís involvement in DuPont over the past two years has created substantial value for all stockholders. We are proud of the quality of our analysis and the role we have played as a positive change agent at DuPont. Since we first invested in mid-2013, DuPont has upgraded its Board of Directors, authorized a $5 billion share buyback, begun a long-overdue cost cutting initiative, improved the design of its executive compensation program, and announced the separation of Chemours with a $4 billion return of capital. We donít believe these actions would have happened without our involvement. The vote was close. We greatly appreciate the support we received from the vast majority of institutional stockholders and mutual funds as well as the leading proxy advisory firms, who all recognize the need for change at DuPont. DuPontís Board and management team have staked their reputations on executing the Companyís current strategy. Our efforts have created appropriate pressure to prove this strategy can actually deliver high quality and consistent earnings growth. Regardless of the voting results, we believe that going forward, DuPont stockholders will be less tolerant of continued missed earnings guidance, extraordinary charges, value-destructive acquisitions and divestitures, executive compensation that is not aligned with performance, and operating metrics such as revenue growth and margins that fail to meet DuPontís own targets. We will continue to closely monitor DuPontís performance.Ē
08:31 EDTDDDuPont seen winning close proxy fight, CNBC's Faber reports
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08:29 EDTDDDuPont seen winning proxy fight, CNBC's Faber reports
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07:52 EDTAAPLApple Watch margins will grow to over 50%, says UBS
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07:16 EDTNFLXMoffett Nathanson to hold a summit
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07:03 EDTAAPLNext iPhone to feature 12 MP camera, be offered in rose gold, AppleInsider says
For its next iPhone 6 model, Apple will offer a new rose gold option, according to KGI Securities analyst Ming-Chi Kuo, who did not make clear whether the luxury model would be made of actual gold or if it will simply resemble the color of the high-end Apple Watch Edition, reported AppleInsider. Kuo also said Apple will upgrade the camera to 12 megapixels and suggested that some "Plus" models may use scratch-resistant sapphire covers, though that is dependent on success in testing, the report added. Reference Link
06:55 EDTNFLX, AAPLInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
05:55 EDTAAPLTSMC awarded orders for SSD controller chips for Apple, DigiTimes reports
TSMC (TSM) has landed SSD controller chip orders from Apple, reports DigiTimes. According to industry sources, TSMC will utilize a 28nm process to fabricate controller cihps for Apple. Reference Link
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