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Stock Market & Financial Investment News

News Breaks
September 17, 2012
12:18 EDTAAPL, T, ODP, TSLA, IRIS, DHR, GNOM, THLD, GRPNOn 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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October 8, 2014
06:10 EDTAAPLQuantom begins small-volume production of 12-inch Macbook Air, DigiTimes says
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06:07 EDTTSLATesla initiated with a Neutral at Tigress Financial
Tigress Financial started shares of Tesla with a Neutral rating saying that while it is "extremely enthusiastic" about the company's product offering and growth potential, it has concerns about "inherent industry obstacles" and the current valuation.
05:54 EDTAAPLTeen interest in Apple Watch 'tepid,' says Piper Jaffray
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October 7, 2014
17:05 EDTAAPLApple iPhone gains market share among teens, says Piper
Piper Jaffray analyst Gene Munster concluded from Piper's 2014 Teen Survey that interest in Apple's technology remained strong among teens. According to the survey, teen iPhone ownership rose to 67% from 61% in the Spring, and iPad ownership among teens that owned a tablet remained at 66%, the same as in the Spring. However, teen interest in the Apple Watch remained "tepid," as only 16% of teens would be interested in an Apple Watch at $350. Shares are Overweight rated with a $120 price target.
16:00 EDTTSLA, AAPLOptions Update; October 7, 2014
iPath S&P 500 VIX Short-Term Futures up 2.16 to 32.24 Option volume leaders: AAPL TSLA TWTR AMZN FB VZ AA HTZ NFLX PBR according to Track Data.
15:01 EDTAAPLDunkin Donuts testing mobile ordering system, considering Apple Pay, NRN reports
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14:46 EDTAAPLApple supplier GT Advanced recovers some of yesterday's losses
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14:00 EDTAAPLGT Advanced sapphire not used for iPhones because 'proved brittle,' WSJ says
Apple's (AAPL) decision to choose glass screens over GT Advanced's (GTAT) sapphire screens for the iPhone 6 was because of "tests in which the synthetic sapphire proved brittle, cracking when phones were dropped from various heights and angles," The Wall Street Journal reported last night, citing people familiar with the matter. Apple's decision to withhold GT Advanced's expected $139M payment was the tipping point for GT Advanced to declare bankruptcy, people familiar with the matter added. Reference Link
11:15 EDTTSLATesla expected to unveil all-wheel drive Model S, Re/code reports
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10:29 EDTAAPLGT Advanced lists Apple, Airgas, GrafTech, Ultra Clean among top 30 creditors
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10:17 EDTAAPLSamsung outlook miss weighs on suppliers
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09:36 EDTAAPL, TSLAActive equity options trading on open
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08:46 EDTAAPLFireEye announces targeted attack protection for Apple platform
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08:15 EDTAAPLApple leaks point to iPad Air 2 with Touch ID, gold color, Michael Report says
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06:35 EDTTSLAPanasonic says Tesla plant stake worth 'tens of billions' of yen, Reuters says
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06:14 EDTAAPLSamsung may find difficulty competing with TSMC for Apple chips, DigiTimes says
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06:11 EDTAAPLApple adjusts supply ratio for iPhone 6 and iPhone 6 Plus, DigiTimes reports
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06:09 EDTAAPLApple 12-inch tablet may integrate both Mac OS and iOS, DigiTimes reports
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06:06 EDTAAPLApple reinstated with a Buy at BofA/Merrill
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06:04 EDTTAT&T issues apology after customer info improperly accessed, Re/code reports
AT&T has issued an apology after an incident in which customer account information was improperly accessed by a worker, Re/code reports. A company spokesman says AT&T is contacting the limited number of affected customers and is also in contact with law enforcement regarding the issue. Reference Link
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