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Stock Market & Financial Investment News

News Breaks
September 17, 2012
12:18 EDTGRPN, DHR, ODP, THLD, IRIS, T, GNOM, TSLA, AAPLOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as the United States and China traded complaints to the World Trade Organization. Stock futures, which had been weak in early trading, softened further after the disappointing Empire State manufacturing reading. The futures action led to a lower opening for the broader market and the averages have not been able to mount any semblance of a come back in light, holiday trading... ECONOMIC EVENTS: In the U.S., the New York Fed’s “Empire State” general business conditions index, which measures factory activity in the state, dropped to minus 10.41 from minus 5.85 in August. This knocked the index to its lowest level in over three years, versus economists’ expectations for an improvement to minus 2. Also, China filed a complaint at the World Trade Organization to challenge a new U.S. law on tariffs intended to combat export-promoting subsidies, hours after the U.S. said it would launch a trade complaint against China's support for car exports... COMPANY NEWS: Apple (AAPL) announced that its iPhone 5 preorders set a new record by topping 2M phones sold in 24 hours. AT&T (T) echoed Apple's sentiments, saying sales of the new phone over the weekend made it the fastest-selling iPhone yet... Office Depot (ODP) rose over 7% after activist fund Starboard took a 13% stake and said the stock was “deeply undervalued.” This comes after last week's gains, which may have been aided by private equity takeover speculation circling its peer, Staples (SPLS)... MAJOR MOVERS: Among the notable gainers were IRIS International (IRIS), up 45% to $19.47 after Danaher (DHR) agreed to acquire the company for $19.50 per share, and Complete Genomics (GNOM), up 15% to $3.06 following a deal to be purchased by BGI-Shenzhen for $3.15 per share in cash. Also higher were shares of Tesla Motors (TSLA), which rose 5% following a two notch upgrade to an Overweight rating at Morgan Stanley. Among the noteworthy losers was Threshold Pharmaceuticals (THLD), down 19% after the company said new analysis showed one of its cancer drugs did not have a statistically significant impact on overall survival in a trial. Also lower were shares of Groupon (GRPN), down 6% as the stock was added to Evercore's "Conviction Sell" list... INDICES: Near noon, the Dow was down 27.01, or 0.20%, to 13,566.36; the Nasdaq was down 7.15, or 0.22%, to 3,176.80; and the S&P 500 was down 2.43, or 0.17%, to 1,463.34.
News For AAPL;T;ODP;TSLA;IRIS;DHR;GNOM;THLD;GRPN From The Last 14 Days
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November 14, 2014
12:49 EDTTAT&T management to meet with Jefferies
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10:49 EDTAAPLReport: iPhone 6 outselling iPhone 6 Plus 3-to-1 margin, Apple Insider says
Apple's iPhone 7 lineup is mostly driven by the 4.7-inch model, accounting for 68% of all iPhone sales, while the iPhone 6 Plus took between 23%-24%, reports Apple Insider. Citing a report from Consumer Intelligence Research Partners, the new iPhones represented 91% of total iPhone sales compared to the iPhone 5s and 5c accounting for 84% of total iPhone sales a year ago. Reference Link
09:38 EDTGRPNJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
09:38 EDTTSLA, AAPLActive equity options trading
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07:52 EDTAAPLIntegrated Device to benefit from wireless charging adoption, says Craig-Hallum
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07:05 EDTAAPLApple told FTC health data will be protected, Reuters reports
The U.S. Federal Trade Commission has asked Apple to prevent sensitive health data that will be collected by its devices from being used without users' consent, according to Reuters, which cited two unnamed sources. The tech giant has promised the FTC that it will not sell the data to third parties or allow developers to do so, the news service stated. Reference Link
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 EDTAAPL, TSLAOptions Update; November 13, 2014
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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.
11:13 EDTAAPLApple hits 52-week high after Bernstein says margins could climb
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11:07 EDTTGogo interested in buying AT&T spectrum, RGN reports
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10:16 EDTODPOffice Depot, OfficeMax stores to open at 6pm on Thanksgiving Day
Office Depot and OfficeMax retail stores will be open from 6-9 p.m. local time on Thanksgiving Day, Nov. 27, and will re-open on Black Friday, Nov. 28, at 8 a.m.
09:40 EDTAAPL, TSLAActive 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.
07:10 EDTTHLDSociety for NeuroOncology to hold a meeting
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06:39 EDTAAPLApple's rumored iPad Pro delayed to 2Q15, AppleInsider reports
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06:23 EDTAAPLChipmakers in Apple Watch supply chain to start production, DigiTimes reports
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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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