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News For AA;BA;WFC;FB From The Last 14 Days
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September 23, 2015
16:34 EDTBAOn The Fly: Top stock stories for Wednesday
Stocks began the day in quiet fashion and remained that way during the first hour of trading. Following the release of the weekly energy inventory report, the averages moved lower and looked to be possibly setting up for another selloff. Positive comments on China's economy by its President, who is visiting the U.S., brought out buyers, who pared the market's losses. The averages finished slightly in the red in a day marked by low volume as a number of market participants may have been absent in observance of the Jewish holiday of Yom Kippur. ECONOMIC EVENTS: In the U.S., Markit's flash manufacturing purchasing manager's index was flat at 53.0 in September, which was slightly better than the expectation for it to dip to 52.8. EIA inventory data showed a 1.93M barrel fall in crude oil inventories, versus expectations for a weekly drawdown of 1.25M barrels. In China, Markit's flash manufacturing PMI fell to 47.0 in September from 47.3 last month. In Europe, Markit's composite PMI for the eurozone came in at 53.9 in the first look for September, down from 54.3 in August and below expectations for a reading of 54.1. COMPANY NEWS: Shares of Volkswagen (VLKAY) trading in New York rebounded 6.5% to $27.10 following the resignation of Chief Executive Officer Martin Winterkorn, with the company's supervisory board subsequently praising the decision and saying it will consider his replacement at a meeting Friday. Prior to the CEO change news, the stock was downgraded at research firms JPMorgan, Deutsche Bank and Natixis to hold or equivalent ratings this morning. Accounting for today's advance, U.S.-listed shares of Volkwagen are still down nearly 29% since last Friday, when the EPA publicly accused the automaker of equipping certain diesel cars sold in the U.S. with software that circumvented emissions standards... Against the backdrop of China's President Xi Jinping visiting the U.S., Boeing (BA) announced deals to sell 300 planes to three Chinese companies and set up an aircraft factory in China. The deals are possibly worth tens of billions of dollars in total and represent the largest total order the planemaker has received from Chinese companies, according to Reuters. The Wall Street Journal reported, citing people familiar with the matter, that Cisco (CSCO) plans to announce a partnership with Chinese server maker Inspur Group during President Xi Jinping's visit. MAJOR MOVERS: Among the notable gainers was First Niagara (FNFG), which advanced $1.30, or 14.5%, to $10.26 following a Bloomberg report that the company is exploring a sale. DealReporter noted that potential suitors include Toronto-Dominion Bank (TD), Huntington Bancshares (HBAN) and New York Community Bancorp (NYCB). BioMed Realty (BMR) gained $2.36, or 12.3%, to $21.54 after Bloomberg reported that the company is in talks to sell itself and has attracted attention from firms including Blackstone (BX). Heron Therapeutics (HRTX) rose $7.25, or 21.6%, to $40.81 after announcing that its Phase 2 study of HTX-011 for post-operative pain met its primary endpoint. Shares of a competitor Pacira (PCRX) declined 7.65% after the news, with several analysts remarking that Heron's data compares favorably versus Pacira's Exparel drug. Summit Midstream Partners (SMLP) declined $3.90, or 18.2%, to $17.52 following a Bloomberg report that Energy Capital Partners is seeking to sell its stake in the company. Synchronoss (SNCR) fell 10.75% to $33.37 after research firm Baird said it has become "increasingly concerned" that Verizon (VZ) is "no longer fully committed" to the white-label cloud product it offers in conjunction with the cloud services provider. INDEXES: The Dow fell 50.58, or 0.31%, to 16,279.89, the Nasdaq lost 3.98, or 0.08%, to 4,752.74, and the S&P 500 declined 3.98, or 0.2%, to 1,938.76.
16:29 EDTBABoeing to partner with COMAC to open facility in China
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16:28 EDTBABoeing broadens long-term collaboration with AVIC
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16:27 EDTBABoeing confirms agreement with CASC for purchase of 300 airplanes
Boeing and China Aviation Supplies Holding Company have signed a General Terms Agreement related to the purchase of 300 airplanes. The package has a value of approximately $38B at list prices. Aircraft orders and commitments include: (240) airplanes for Chinese airlines, including (190) 737s and 50 widebody aircraft (60) 737s for leasing companies ICBC and CDB Leasing.
16:00 EDTFBOptions Update; September 23, 2015
iPath S&P 500 VIX Short-Term Futures down 53c to 23.81 Option volume leaders: AAPL NFLX BAC FB BABA DOW RIG MU FCX PBR XOM JPM
13:33 EDTFBFacebook introduces 360 video
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13:10 EDTFBGoPro launches 360-degree videos on Facebook
GoPro (GPRO) announces it is bringing "immersive, spherical videos" to Facebook's (FB) News Feed. Beginning today, people on Facebook can experience GoPro 360-degree video directly through their web browser or Android mobile device, the action camera maker said in a press release. In the coming weeks, GoPro will launch additional 360-degree content on Facebook, it added. Shares of the action camera maker are up 10c to $33.41 in afternoon trading.
09:18 EDTBAPaulson Institute and CCPIT to co-host U.S.-China Business Roundtable
The Paulson Institute and the China Council for the Promotion of International Trade (CCPIT) provide an opportunity for U.S. and Chinese business leaders to discuss issues facing the two countries in a roundtable being held in Seattle, Washington on September 23.
07:47 EDTBABoeing to sell 300 planes to Chinese companies, Reuters reports
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06:36 EDTFBFacebook unveils new 'Click to message' ad-type, Business Insider reports
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06:24 EDTBANew Boeing tanker to make first flight Friday, WSJ reports
Boeing's new refueling tanker is scheduled to make its first flight as soon as Friday, the Wall Street Journal reports, citing the Pentagon. The flight will initiate a series of tests on one plane over a four-month period, the report says. Reference Link
September 22, 2015
17:22 EDTWFCOakland accusses Wells Fargo of mortgage discrimination, Reuters says
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17:15 EDTBABoeing in strategic partnership talks with China, WSJ says
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17:13 EDTFBFacebook's Instagram surpasses 400M users
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16:00 EDTFBOptions Update; September 22, 2015
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15:52 EDTFBThe Washington Post to send 100% of stories to Facebook Instant Articles
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13:59 EDTBABoeing CEO expects more 737-related work in China, Reuters says
As Boeing continues to increase production rates for the 737, CEO Dennis Muilenburg expects additional work for the plane going to China, Reuters reports. Reference Link
10:52 EDTAAStocks with call strike movement; AA TSLA
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07:20 EDTBABoeing, Airbus set for China orders but don't know when, Bloomberg says
Boeing (BA) and Airbus (EADSY) are set to bring in a haul of aircraft orders from China's airlines as planners plot growth through 2020, though there is a question as to when such moves will happen, Bloomberg reports. For Boeing, the first deals could be announced as early as this week when China president Xi Jinping tours the company's factory in Seattle, the report says. China's government signs off on all aircraft purchases and often waits for U.S. state visits before making such disclosures, the report says. Reference Link
06:33 EDTFBFacebook user data rules have ripple effects, WSJ reports
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