News Breaks |
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| January 16, 2013 |
| 12:25 EDT |  | CMG, AAPL, BA, GNW, GS, CROX, CBK, JPM | On The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with new worries for Boeing (BA) weighing on its shares and in turn the Dow. The earnings season began in earnest today with some of the country’s largest financial institutions reporting fourth quarter results, including JPMorgan (JPM), Goldman Sachs (GS) and U.S. Bancorp (USB). Still to come this week are Bank of America (BAC) and Citigroup (C), set to report tomorrow, and Morgan Stanley (MS), scheduled to release results Friday... ECONOMIC EVENTS: In the U.S., MBA's mortgage applications composite index rose 15.2% for the week. The Consumer Price Index for December was flat, as expected. Industrial production increased 0.3% in December, versus expectations for a rise of 0.2%. That boosted capacity utilization to 78.8% from an upwardly revised 78.7% figure for the prior month. The NAHB's Housing Market Index came in at 47, versus the expected reading of 48. Crude oil inventories drew down by more than expected in the DOE's weekly update. Also, the World Bank lowered it forecast for global GDP growth in 2013 to 2.4% from its prior call for 3% growth... COMPANY NEWS: Boeing shares slid over 3% and dragged on the Dow Jones Industrial Average after two Japanese airlines grounded their fleet of 787s. This move was prompted by yesterday's emergency landing of a 787 Dreamliner operated by Japan's All Nippon Airways, which was the latest in a recent string of problems with the new plane... JPMorgan (JPM) reported earnings that beat expectations, but shares moved up only fractionally. The company notably also released its report on the "London Whale" losses at its CIO unit and cut CEO Jamie Dimon's compensation following that scandal. Another major financial company, Goldman Sachs (GS), beat expectations more resoundingly and shares rose more dramatically, up about 3% near noon... MAJOR MOVERS: Among the notable gainers were Genworth Financial (GNW), up 9% after announcing changes to its mortgage insurance unit, and Christopher & Banks (CBK), up nearly 14% after raising its Q4 same-store sales view. Also higher were shares of Apple (AAPL), which rose 3.6% to retake the $500 level despite Pacific Crest downgrading the stock to Sector Perform and Bank of America Merrill Lynch lowering its price target on shares. Among the noteworthy losers were Crocs (CROX), down over 7% after saying it expects quarterly revenue to be in-line with its previous guidance, and Chipotle Mexican Grill (CMG), down nearly 6% after guiding to Q4 earnings below consensus due to higher food costs... INDICES: Near noon, the Dow was down 23.65, or 0.17%, to 13,511.24; the Nasdaq was up 6.75, or 0.22%, to 3,117.53; and the S&P 500 was down 0.68, or 0.05%, to 1,471.66. |
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News For BA;JPM;GS;AAPL;CBK;GNW;CMG;CROX From The Last 14 Days Check below for free stories on BA;JPM;GS;AAPL;CBK;GNW;CMG;CROX the last two weeks. |
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| May 24, 2013 |
| 16:00 EDT |  | AAPL | Options Update; May 24, 2013
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| 11:22 EDT |  | AAPL | Best Buy to cut iPhone prices, AllThingsD says
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| 10:40 EDT | | AAPL | Apple's iOS to become flatter, more black and white, 9to5Mac says
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| 09:43 EDT | | AAPL | Active equity option families trading
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| 07:49 EDT | | AAPL | Rumors of Google interest in Waze unfounded, TechCrunch says
After Bloomberg, citing "people familiar with the matter," said Google (GOOG) is considering a bid for map and traffic app maker Waze, TechCrunch countered that multiple credible sources it contacted "have poured cold water on the Google rumor." Facebook (FB) and Apple (AAPL) have previously been suggested as expressing interest in Waze, but the Bloomberg report said Apple was not among the "large tech companies” that have recently approached Waze, TechCrunch noted. Reference Link |
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| 07:11 EDT | | AAPL | Apple nearly tax free in Ireland since 1980, Reuters reports
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| 06:10 EDT | | AAPL | On the Fly: Periodicals Wrap-Up
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| 06:05 EDT | | AAPL | FDA targets IPhone urinalysis app, Bloomberg reports
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| 05:56 EDT | | GS | Goldman Sachs imposes checks on conflicts to help restore image, Reuters says
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| May 23, 2013 |
| 19:50 EDT | | AAPL | Apple faces potential setback in e-books case, WSJ reports
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| 16:00 EDT | | AAPL | Options Update; May 23, 2013
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| 14:45 EDT | | JPM | JPMorgan names Barry Sommers head of consumer bank, Reuters says
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| 11:56 EDT |  | JPM | Visa names Ryan McInerney president
Visa (V) announced the appointment of Ryan McInerney as president of Visa. In this role, McInerney will be responsible for Visa's global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa's issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf, CEO of Visa . McInerney joins Visa from JP Morgan Chase (JPM) where he was the CEO of Consumer Banking. |
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| 11:08 EDT | | BA | Boeing reports 107 new orders in weekly update
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| 09:59 EDT | | AAPL | Analyst: Apple won't launch computerized watch until late 2014, BGR says
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| 09:37 EDT | | AAPL | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ |
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| 09:25 EDT | | AAPL | Samsung's Galaxy S4 reaches 10M channel sales
Samsung Electronics announced that global channel sales of its GALAXY S4 has surpassed 10M units sold in less than one month after its commercial debut. Launched globally on April 27 in 60 countries, the phone is estimated to be selling at a rate of four units per second. |
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| 08:10 EDT |  | JPM | JPMorgan compelling at current levels, says RW Baird
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| 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. |
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| 07:12 EDT | | JPM | Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
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