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Stock Market & Financial Investment News

News Breaks
October 25, 2013
12:48 EDTDECK, CECO, AMZN, CTCT, PG, EMN, ZNGA, MSFTOn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday after the tech-heavy Nasdaq index, which had been the leader in the morning hours, gave up nearly all of its early gains. The strength in the tech sector was largely attributable to advances by two of the titans in the space, Amazon.com (AMZN) and Microsoft (MSFT), following their earnings reports. ECONOMIC EVENTS: In the U.S., durable goods orders climbed 3.7% in September, stronger than the expected 2.5% increase. Durable goods orders excluding transportation orders were down 0.1%, versus expectations for them to be up 0.5% in the month. The final University of Michigan consumer confidence reading for October was 73.2, versus an expected 75.0 reading. Wholesale trade inventories grew 0.5% in August , versus expectations for a rise of 0.4% for the month. COMPANY NEWS: Amazon shares rallied about 9% after the company reported third quarter losses that were in-line with forecasts and revenue that beat analysts' consensus expectation. Following its report at least eight firms raised their price targets on Amazon’s shares and Raymond James upgraded the stock to Strong Buy. Another tech giant, Microsoft, beat expectations on both the top and the bottom line and its stock advanced over 5%... Procter & Gamble (PG) reported earnings per share that matched expectations and backed its full-year outlook, though its shares slid nearly 1% after its report. MAJOR MOVERS: Among the notable gainers was Career Education (CECO), which was up more than 50% near midday after the company last night announced a deal to sell its European education properties for $305M. Also higher was mobile game maker Zynga (ZNGA), which gained 11% after reporting a narrower-than-expected third quarter loss. Also higher following their quarterly reports were Constant Contact (CTCT), which rose over 18%, and Ugg-maker Deckers Outdoor (DECK), which advanced more than 19% near midday. Among the noteworthy losers was Eastman Chemical (EMN), which fell over 6% after cutting its FY13 EPS outlook and being downgraded to Neutral from Conviction Buy at Goldman. INDEXES: Near midday, the Dow was up 26.02, or 0.17%, to 15,535.23; the Nasdaq was up 6.86, or 0.17%, to 3,935.82; and the S&P 500 was up 2.72, or 0.16%, to 1,754.79.
News For AMZN;MSFT;PG;CECO;ZNGA;CTCT;DECK;EMN From The Last 14 Days
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April 2, 2014
12:27 EDTMSFTMicrosoft Phone 8.1 update to roll out to consumers in next few months
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12:22 EDTAMZNFAA says Amazon.com pays $91,000 civil penalty
Amazon.com (AMZN) paid in full a $91,000 civil penalty that the U.S. Department of Transportation’s Federal Aviation Administration had proposed against the Seattle, Wash. company for violating Department of Transportation Hazardous Materials Regulations. On September 16, 2013, Amazon employees improperly shipped a package containing flammable liquid adhesive by air on Federal Express (FDX) from Whitestown, Ind., to Boulder, Colo. FedEx employees in Boulder discovered a gallon container of the adhesive was leaking.The adhesive is classified as a hazardous material under Department of Transportation regulations. Amazon offered the shipment without the requisite shipping papers or emergency response information, and did not mark, label, or properly package the shipment. Amazon also failed to properly train its employees in preparing HazMat packages for shipment by air. The FAA issued the proposed civil penalty letter in late February.
12:00 EDTAMZNAmazon Game Studios introduces Sev Zero for Amazon Fire TV
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12:00 EDTAMZNAmazon introduces Fire TV
Amazon is excited to unveil its newest innovation—Fire TV, a tiny box that plugs into your HDTV for easy and instant access to Netflix, Prime Instant Video, Hulu Plus, WatchESPN, SHOWTIME, low-cost video rentals, and much more. Fire TV also brings photos, music, and games to the living room. Amazon Fire TV features: Voice search, content, quad-core processor with over 3x the processing power of Apple TV, Chromecast, or Roku 3, a dedicated GPU, plus 4x the memory of Apple TV, Chromecast, or Roku 3 for exceptional speed and fluidity, An exclusive new feature called ASAP, X-Ray for movies, TV shows, and music and FreeTime. Fire TV is available starting today for just $99.
11:54 EDTAMZNAmazon says Fire TV shipping today
11:51 EDTAMZNAmazon says Fire TV to cost $99
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11:47 EDTAMZNAmazon says will be making games through Amazon Game Studios
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11:40 EDTAMZNAmazon says Fire TV also a gaming console
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11:22 EDTAMZNAmazon says Fire TV remote control uses bluetooth
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11:15 EDTAMZNAmazon says Fire TV 'three times as powerful' as Apple TV, Roku, Chromecast
11:13 EDTAMZNAmazon.com says Fire TV allows users to watch shows, movies on TV
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11:12 EDTAMZNAmazon announces Amazon Fire TV box
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09:35 EDTAMZNActive equity options trading on open
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09:18 EDTAMZNOn The Fly: Pre-market Movers
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08:06 EDTAMZNAmazon.com May volatility elevated as shares near five-month low
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07:03 EDTMSFTMicrosoft CEO to lay out vision for Windows at Build, Business Insider says
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06:45 EDTAMZNAmazon expected to announce media streaming device today, Business Insider says
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06:18 EDTAMZNHulu, Comcast expected to strike deal for past NBCU shows, WSJ reports
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06:07 EDTAMZNAmazon allowing customers to return merchandise using lockers, WSJ reports
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05:58 EDTAMZNAmazon.com implied volatility of 41 at upper end of index mean range
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