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Stock Market & Financial Investment News

News Breaks
January 17, 2013
16:25 EDTCLSN, KSWS, C, HLF, BLK, BA, CBS, BACOn 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.
News For BA;C;BAC;BLK;KSWS;CBS;HLF;CLSN From The Last 14 Days
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February 18, 2015
09:02 EDTBAOrbital ATK begins production of Boeing 787 Dreamliner frames
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08:49 EDTCBSCBS initiated with a Neutral at Rosenblatt
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08:16 EDTBAKaman awarded 777/767 fixed trailing edge kits LTA by Boeing
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08:11 EDTCCiti announces $100b, 10-year commitment to finance sustainable growth
Citi announced a landmark commitment to lend, invest and facilitate a total of $100B within the next 10 years to finance activities that reduce the impacts of climate change and create environmental solutions that benefit people and communities. Citiís previous $50B goal was announced in 2007 and was met three years early in 2013. With this $100B initiative, Citi will build on its leadership in renewable energy and energy efficiency financing to engage with clients to identify opportunities to finance greenhouse gas reductions and resource efficiency in other sectors, such as sustainable transportation.
08:03 EDTBAAlaska Air purchasing six Boeing Extended Range aircraft
Alaska Airlines (ALK) is purchasing six more Boeing (BA) 737-900 Extended Range aircraft, valued at $594M. Boeing's current list price. The new planes, four scheduled for delivery in 2016 and two in 2017, bring Alaska's total of locally manufactured jets on order to 79.
07:21 EDTC, BACJPMorgan, Citi top government report of riskiest banks, Reuters reports
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07:12 EDTBLKCFA Society of Minnesota to hold a discussion
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07:07 EDTBABarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
February 17, 2015
17:02 EDTHLFSoros Fund Management gives quarterly update on stakes
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16:00 EDTCOptions Update; February 17, 2015
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14:01 EDTCCiti reports January credit loss 2.30% vs. 2.79% last month
Reports January delinquencies 1.61% vs. 1.56% last month.
12:56 EDTCBSDecline of TV viewing accelerated, NY Post reports
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11:49 EDTHLFSoros increased Herbalife stake last quarter amid slide, Bloomberg says
George Sorosí Soros Fund Management increased its stake in Herbalife during the fourth quarter as the stock declined, according to Bloomberg, citing two people familiar with the matter who noted that the firm will disclose details in a filing as early as today. The Fly notes that large investors are given until today by the SEC to disclose their 13F filings outlining their holdings as of the end of the fourth quarter of 2014. Reference Link
11:18 EDTHLFHong Kong women posed as Herbalife presidents, South China Morning Post says
Two women who claimed to be presidents of Herbalife took HK$50M in orders for the company's products from about 60 people before disappearing, according to The South China Morning Post. A number of the victims lost a significant amount of money on the scheme, the newspaper stated. Reference Link
11:04 EDTBABoeing awarded $29.5M contract for laser weapons on Navy ships
Boeing said it has been awarded a $29.5M contract to design and develop a beam control system that could provide exceptional accuracy for laser weapons on U.S. Navy warships.
10:26 EDTBACBank of America reports January default rate 2.93% vs. 3.13% last month
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09:40 EDTCActive equity options trading on open
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09:22 EDTHLFFormer Herbalife distributors to reject $15M settlement, NY Post reports
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08:04 EDTCWuXi PharmaTech enters into loan agreement with consortium led by Citi
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06:39 EDTCBanks settle claims related to mortgage securities, Reuters says
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