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News Breaks | | | | January 17, 2013 | | 16:25 EDT |  | HLF, BLK, BA, CBS, BAC, CLSN, KSWS, C | On The Fly: Closing Wrap
Stocks on Wall Street were higher as better than expected domestic economic data pushed the market up at the open and investors continued to buy through the session. The S&P 500 and Dow hit five-year highs in the second half of the session, but closed just off their best levels... ECONOMIC EVENTS: In the U.S., weekly jobless claims fell to 335K, versus expectations for a relatively flat level at 370K. Housing starts surged 12.1% to 954K in December, which was better than expected, while building permits edged up 0.3% to 903K, which was in-line with forecasts. The day's lone disappointing data came from the Philly Fed, which had its manufacturing survey unexpectedly fall to -5.8, compared to consensus calls for a much smaller decline to a 6.0 reading... COMPANY NEWS: The FAA last night announced it was grounding all Boeing (BA) 787 flights until the safety of the plane's battery can be proven to the agency. Air India and EU flight regulators also joined the list of organizations that have grounded the Boeing plane, and while shares of Boeing opened lower, they advanced through the session and closed up 92c, or 1.24%, to $75.26... Financial giants Citigroup (C) and Bank of America (BAC) both reported earnings before today's open and shares of both banks lost ground on the day. Citigroup missed expectations and saw shares lose $1.24, or 2.92%, to $41.24, while Bank of America beat lowered EPS estimates but slid 50c, or 4.24%, to $11.28. BlackRock (BLK), however, advanced $9.76, or 4.39%, to $232.00 after it beat Street estimates and raised its dividend... MAJOR MOVERS: Among the notable gainers was K-Swiss (KSWS), which rose $1.52, or 47.65%, to $4.71 after agreeing to be acquired for $4.75 cash per share. Also higher were shares of CBS (CBS), up $3.01, or 7.93%, to $40.95 after announcing plans to convert its U.S. outdoor advertising business to a REIT and to seek to sell its outdoor operations in Europe and Asia. Among notable losers were shares of Herbalife (HLF), down $1.54, or 3.42%, to $43.52 after the company said it sees Q4 and FY12 EPS just above Street estimates and said it expects to begin repurchasing shares soon. Also lower were shares of Celsion (CLSN), down 79c, or 9.75%, to $7.31 following a downgrade to Sell at Brean Capital... INDICES: The Dow was up 84.79, or 0.63%, to 13,596.02; the Nasdaq was up 18.46, or 0.59%, to 3,136.00; and the S&P 500 was up 8.31, or 0.56%, to 1,480.94. | |
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News For BA;C;BAC;BLK;KSWS;CBS;HLF;CLSN From The Last 14 Days Check below for free stories on BA;C;BAC;BLK;KSWS;CBS;HLF;CLSN the last two weeks. |
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| May 23, 2013 | | 11:08 EDT |  | BA | Boeing reports 107 new orders in weekly update
 Subscribe for More Information | | | 07:55 EDT |  | BA | Boeing price target raised to $120 from $100 at BofA/Merrill
BofA/Merrill raised Boeing's price target to reflect higher delivery forecasts for the 737 and 787. Shares are Buy rated. | | | 07:12 EDT |  | BAC | Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
Subscribe for More Information | | | 06:29 EDT | | BA | Software firm Luxoft files for IPO in New York, Bloomberg reports
Subscribe for More Information | | | 06:08 EDT | | BAC | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 05:51 EDT | | BA | China approves commercial service for Boeing 787 Dreamliner, WSJ reports
China's aviation regulator gave approval for Boeing's 787 Dreamliner aircraft to begin commercial service with the nation's airlines, sources say, reports the Wall Street Journal. Reference Link | | | 05:48 EDT | | BLK | Proxy advisers see their power diminish, WSJ reports
Subscribe for More Information | | | 05:43 EDT | | BA | Boeing price target raised to $120 from $105 at Deutsche Bank
Subscribe for More Information | | | May 22, 2013 | | 16:00 EDT |  | C | Options Update; May 22, 2013
Subscribe for More Information | | | 09:02 EDT | | BAC, C | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. | | | | 08:43 EDT | | BA | Boeing sees $6.9T commercial airplane market opportunity over 20 years
Subscribe for More Information | | | 08:38 EDT |  | BA | Boeing affirms view of FY13 core EPS $6.10-$6.30, consensus $6.48
Repeats forecast for FY13 revenue $82B-$85B, consensus $83.86B. Says focused on additional 737 and 787 rate breaks, with expectations for rate increases to drive financial performance. Information from slides for Annual Investor Conference. | | | 08:03 EDT | | CLSN | Celsion announces issurance of more patents covering ThermoDox technologies
Celsion announced that its proprietary patent application, "Method of Storing Nanoparticle Formulations," has now been granted in the four largest markets for liver cancer globally: China, Japan, South Korea and most recently Taiwan. Celsion holds an exclusive license agreement with Duke University for its temperature sensitive liposome technology which covers the ThermoDox formulation. Celsion's newly issued patents pertain specifically to methods of storing stabilized, temperature-sensitive liposomal formulations and will assist in the protection of global rights by extending the overall term of the ThermoDox patent portfolio to August 2026. | | | 07:45 EDT | | C | Citigroup price target raised to $60 from $53 at Credit Suisse
Credit Suisse said Citigroup's International markets have had faster growth and provide a source of additional revenue opportunity. The firm expects 2013 ROE of 13.2% vs. 11.9% in 2012 and sees positive operating leverage driving improved profitability. Shares are Outperform rated. | | | 07:39 EDT |  | BA | Wolfe Trahan to host a conference
Subscribe for More Information | | | 07:22 EDT | | BAC | Dun & Bradstreet to hold a conference
2013 Access to Capital is being held in Chicago on May 22. | | | 06:31 EDT | | HLF | Icahn up $228M, Ackman down $10M on Herbalife, NY Post reports
Carl Icahn's long position in Herbalife (HLF) is up $228M while Bill Ackman's short position in the company is down $10M, New York Post reports. Reference Link | | | 06:12 EDT | | C | Russia becomes a tougher market for foreign banks, Reuters reports
Foreign banks that once treated Russia as new territory where easy money could be made are now finding it a cut-throat market tougher than some bargained for, reports Reuters. While players such as Citi and Austria's Raiffeisen thrive, many have found post-Soviet Russia too hard to penetrate: rife with credit, legal and corruption risks, and dominated by state giants Sberbank and VTB.Reference Link | | | May 21, 2013 | | 14:26 EDT | | BA | Boeing volatility low into investor day
Subscribe for More Information | | | 12:16 EDT | | HLF | Herbalife resumes, up 3.5% to $50.95 after naming PwC as auditor
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