New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 31, 2013
16:22 EDTAIG, OVTI, KKD, PANWOn The Fly: Closing Wrap
Stocks on Wall Street were lower after the averages fell sharply in the final hour of trading. The averages moved in a narrow range near the flatline for much of the session, and despite the late-day selloff, each of the major indices finished the month with marked gains, going against the "sell in May" theory. ECONOMIC EVENTS: In the U.S., personal income was reported to be flat in April, versus expectations of an increase of 0.1%, while personal spending fell 0.2% in the month, versus the consensus forecast for it to be unchanged. The ISM-Chicago business survey had a reading of 58.7, versus an expected reading of 50.0. The University of Michigan consumer confidence report came in at 84.5, versus expectations for a reading of 83.7. COMPANY NEWS: American International Group (AIG) lost $1.75, or 3.79%, to $44.46, after the company disclosed that a Chinese group that has agreed to buy up to 90% of International Lease Finance Corporation common stock missed a deposit deadline. AIG has previously said asset sales will be key to funding its capital return plans, potentially including share buybacks. MAJOR MOVERS: Among the notable gainers following their earnings reports and better than expected guidance were OmniVision (OVTI),up $2.978, or 19.24%, to $18.47, and Krispy Kreme (KKD), up $3.06, or 21.46%, to $17.32. Among noteworthy losers was Palo Alto Networks (PANW), $5.87, or 10.795, to $48.52 after its third quarter revenue missed the Street view and its fourth quarter outlook came in below expectations. INCDICES: The Dow lost 208.96, or 1.36%, to 15,115.57; the S&P lost 23.87, or 1.43%, to 1,630.74; the Nasdaq lost 35.39, or 1.01%, to 3,455.91.
News For AIG;OVTI;KKD;PANW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 30, 2014
15:06 EDTAIGFed will begin study to evaluate impact of capital rules on insurance companies
Subscribe for More Information
09:48 EDTPANWPalo Alto to hold a webinar
Subscribe for More Information
September 29, 2014
08:24 EDTAIGAIG bailout challenged by former CEO Greenberg, WSJ reports
Subscribe for More Information
September 26, 2014
06:39 EDTPANWMost connected devices have security flaw, NY Times says
Subscribe for More Information
September 23, 2014
07:47 EDTPANWPalo Alto has multiple drivers converging, says Morgan Stanley
Morgan Stanley said Palo Alto has multiple growth drivers in place that will drive free cash flow that include sustainable 30% billings growth, increasing sales efficiencies, and slowing capex and reduced litigation expenses. Shares are Overweight rated with a $115 price target.
September 19, 2014
11:19 EDTAIGAIG loss of Jay Wintrob a 'big deal,' says Wells Fargo
Subscribe for More Information
September 18, 2014
16:30 EDTAIGAIG Life & Retirement CEO Jay Wintrob leaving company
Subscribe for More Information
September 17, 2014
16:06 EDTKKDKrispy Kreme boosts repurchase program to $105M from $80M
Krispy Kreme Doughnuts announced that its board has increased the company’s current share repurchase program from $80M to $105M. The current authorization was originally approved in July 2013, and was increased from $50M to $80M earlier this year. Including the increase announced today, there is approximately $50M remaining for future purchases under the program.

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