New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 11, 2014
16:46 EDTABBV, ECOM, VZ, PETM, SLXP, AA, WFC, RAI, LO, SHPG, AMZNStocks end week lower on European, Fed concerns
Stocks finished the week lower as problems experienced by a Portuguese bank and a statement by the Fed worried investors. MACRO NEWS: The shares of Portugal's largest bank, Banco Espirito Santo, plunged yesterday after its parent company reportedly missed a debt payment and was accused of accounting irregularities. The news triggered fresh fears about Europe's financial stability. However, Portugal's central bank today said that Banco Espirito's funds are undoubtedly secure... The Fed was concerned that investors may not be adequately factoring in uncertainty about the outlook for the economy and monetary policy, minutes of the central bank's last meeting indicated. The central bank also indicated that it would likely end the tapering of its asset purchases in October... On a positive note, fewer new jobless claims than expected were filed last week. Additionally, Chinese inflation for June came in slightly below expectations, leading to speculation that Beijing would be able to implement additional stimulus measures. COMPANY NEWS: Earnings season kicked off, with Alcoa (AA) reporting stronger than expected results. Wells Fargo (WFC) became the first large bank to report results this earnings season. Its revenue surpassed expectations but its profits were in-line with the consensus estimate... In M&A news, AbbVie (ABBV) raised its takeover bid for U.K.-based Shire by 11% to over $51B in cash and stock. Another drug company, Salix (SLXP), announced that it would merge with its U.K.-based peer, Cosmo Technologies. The deal is expected to lower Salix's effective long-term tax rate from a high 30% level to a low 20% level. In the tobacco sector, Lorillard (LO) and Reynolds American (RAI) confirmed earlier today that they are holding talks about a possible merger, as has been speculated by various media reports in recent weeks... Longview Asset Management announced that it had obtained a 9% stake in pet supplies and services retailer PetSmart (PETM) and recommended that the retailer engage advisors for the purpose of exploring a potential sale and "other strategic alternatives," as had been suggested by another large investor in the stock, Jana Partners... Verizon (VZ) CEO Lowell McAdam said in an interview on CNBC that his company had added over 1.4M postpaid subscribers in Q2, with "record" tablet growth and "very strong" smartphone growth... Consulting firm ChannelAdvisor (ECOM) reported that Amazon's (AMZN) same-store sales growth had accelerated significantly in June compared with May. INDEXES: This week, the Dow fell 0.73% to 16,943.81, the Nasdaq fell 1.57% to 4,415.49, and the S&P 500 fell 0.9% to 1,967.51.
News For ABBV;SHPG;LO;RAI;WFC;AA;SLXP;PETM;VZ;ECOM;AMZN From The Last 14 Days
Check below for free stories on ABBV;SHPG;LO;RAI;WFC;AA;SLXP;PETM;VZ;ECOM;AMZN the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | all recent news | >>
July 8, 2014
16:23 EDTSHPG, ABBVOn The Fly: Closing Wrap
Subscribe for More Information
16:14 EDTAAAlcoa raises 2014 estimate for North America commercial transportation market
Subscribe for More Information
16:12 EDTAAAlcoa CEO says cost position continues to improve
Says company's transformation in "high gear." Says aerospace business is a tailwind due to strong demand for commercial aircraft. Says well-positioned to capture upside from recent investments. Klaus Kleinfeld is speaking on CNBC.
16:04 EDTAAAlcoa continues to see 2014 global aerospace growth of 8%-9%
Subscribe for More Information
16:03 EDTAAAlcoa continues to see 2014 global aluminum demand growth of 7%
Sees global aluminum deficit increasing; global alumina surplus shrinking.
16:03 EDTAAAlcoa reports Q2 adjusted EPS 18c, consensus 12c
Subscribe for More Information
16:00 EDTAA, AMZNOptions Update; July 8, 2014
Subscribe for More Information
15:23 EDTAANotable companies reporting after market close
Subscribe for More Information
14:26 EDTAAAlcoa July weekly 15 straddle priced for 4.5% move into Q2
12:48 EDTABBV, SHPGOn The Fly: Midday Wrap
Subscribe for More Information
11:05 EDTSHPGHigh option volume stocks:
Subscribe for More Information
09:15 EDTSHPG, ABBVOn The Fly: Pre-market Movers
Subscribe for More Information
09:05 EDTABBV, SHPGShire says board will meet to consider AbbVie proposal
Shire (SHPG) notes the announcement by AbbVie (ABBV) of a revised conditional non-binding proposal for a cash and share offer for Shire, comprising GBP 22.44 in cash and 0.8568 AbbVie shares per Shire share. "Shire confirms that AbbVie did not make the revised proposal to Shire before the announcement. The Board of Shire will meet to consider the proposal and a further announcement will be made in due course. Shareholders are strongly advised to take no action in relation to the AbbVie proposal. There can be no certainty that any firm offer will be made nor as to the terms on which any firm offer might be made. This statement is being made by Shire without the prior agreement or approval of AbbVie," Shire stated.
08:07 EDTABBV, SHPGShire volatility expected to move on AbbVie increasing proposal
Shire (SHPG) volatility is expected to move on AbbVie (ABBV) announcing that it has increased its proposal to GBP 22.44 in cash and 0.8568 ordinary shares of new AbbVie for each Shire share. This new proposal is an approximately 11% increase from AbbVie's prior indicative proposal. Overall option implied volatility of 49 is above its 26-week average of 34 according to Track Data, suggesting large near term price movement.
07:55 EDTABBV, SHPGAbbVie increases proposal for Shire to GBP 51.15 per share
Subscribe for More Information
07:54 EDTABBV, SHPGShire jumps 3% to $244 after AbbVie ups buyout offer for fourth time
07:53 EDTABBV, SHPGAbbVie raises offer for Shire to 51.15 pounds per share
07:00 EDTVZSprint tests discounted versions of Framily, individual plans, CNet reports
Subscribe for More Information
06:59 EDTVZMobile payments company Isis to change name
Subscribe for More Information
06:28 EDTAMZNWal-Mart embracing small store models, online strategies, WSJ reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use