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Stock Market & Financial Investment News

News Breaks
March 10, 2014
12:19 EDTBA, MCD, FMC, DDD, MONT, SSYS, CQBOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday following disappointing economic data from Asia and a slide in shares of Dow member Boeing (BA). Boeing's drop put immediate pressure on the Dow as soon as trading began and the selling picked up momentum. At its low point of the morning, 29 of the 30 Dow stocks were lower and the index had racked up a triple digit loss. The market improved as the morning progressed, but the major averages all remained in the red as the lunch hour arrived. ECONOMIC EVENTS: In the U.S., no major economic data was reported. In Asia, China unexpectedly posted a trade deficit of about $23B in February as overseas shipments slid 18.1% compared to the same month last year. Also, Japan downwardly revised its estimate of economic growth in the fourth quarter to 0.2% from the government's preliminary 0.3% expansion estimate. COMPANY NEWS: Shares of Boeing (BA) were the Dow Jones Industrial Average's worst performer after The Wall Street Journal reported late Friday that the airplane maker has discovered cracks in some 787 Dreamliner wings which will lead to a delay in the delivery of some aircraft. Boeing led all decliners on the Dow with a nearly 2.5% pullback near noon... Another Dow member, McDonald’s (MCD), was weak early in the session but had recovered to be flat at midday. The world's largest fast-food restaurant company reported that its same-store sales declined 0.3% globally in February, with U.S. comparable sales decreasing 1.4%... FMC Corporation (FMC) jumped more than 5% after announcing plans to separate into two independent public companies. "New FMC" will be comprised of the company's Agricultural Solutions and Health and Nutrition segments, which will be split from FMC's current Minerals segment. Jefferies raised its price target on FMC shares to $95 from $84 after the announcement, which the firm views as an incremental positive. MAJOR MOVERS: Among the notable gainers was Montage Technology (MONT), which surged 20% after the company received a $21.50 per share acquisition proposal from China's state-owned Shanghai Pudong Science and Technology. Also higher was Chiquita Brands (CQB), which rose 12% after agreeing to combine with another fruit company, Ireland's Fyffes, to form a new company that will be 50.7% owned by Chiquita stockholders. Among the noteworthy losers were 3D printer makers 3D Systems (DDD) and Stratasys (SSYS), which fell 5% and 3% respectively after Barron's contended that the stocks in the sector are hyped, don't have much potential, and are overvalued. INDEXES: Near midday, the Dow was down 83.77, or 0.51%, to 16,368.95, the Nasdaq was down 12.87, or 0.3%, to 4,323.35, and the S&P 500 was down 6.55, or 0.35%, to 1,871.49.
News For BA;MCD;FMC;DDD;MONT;SSYS;CQB From The Last 14 Days
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August 27, 2014
07:06 EDTBAIridium continues on track for its NEXT satellite
Iridium (IRDM) announced the successful upgrade of its System Control Segment and completion of its Launch and Early Operations control center for Iridium NEXT, the largest new commercial satellite constellation in the world. The overall development of the SCS is performed by Boeing (BA), which will continue operating the constellation through its transition to Iridium NEXT and beyond as the company's operations and maintenance provider.
06:18 EDTMCDReport says Russian court shuts McDonald's Moscow branch, Reuters says
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06:01 EDTMCDStocks with implied volatility movement; BITA MCD
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05:47 EDTBAAerCap delivers first 787 Dreamliner to Royal Jordanian
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05:30 EDTCQBChiquita Brands, Fyffes now see $60M of annualized pre-tax cost savings
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August 26, 2014
11:21 EDTMCDFifth McDonald's restaurant closed in Russia, Reuters says
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09:35 EDTMCDMcDonald's using alternate suppliers in China, WSJ reports
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05:44 EDTCQBChiquita Brands announces share acquisition ny executive officers
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August 25, 2014
11:04 EDTMCDAnother Russian McDonald's restaurant temporarily closed, Reuters says
A McDonald's restaurant in the southern Stavropol region in Russia has been ordered to close temporarily by regulators in the country because of sanitary violations, says Reuters. Reference Link
09:35 EDTMCDActive equity options trading on open
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07:32 EDTMCDMcDonald's challenged as younger eaters defect to Chipotle, WSJ says
As McDonald's (MCD) faces a prolonged slump in sales growth, data compiled for The Wall Street Journal by Technomic showed that diners in their 20s and 30s are seeking out fresher, healthier food and defecting to competitors, in particular fast-casual restaurants like Chipotle Mexican Grill (CMG) and higher-end burger chain Five Guys. Reference Link
06:17 EDTBABoeing, BOC Aviation announce order for 82 airplanes for $8.8B
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August 24, 2014
15:41 EDTMCDRussian official says no plans to close McDonald's, Reuters says
The Russian Deputy Prime Minister Arkady Dvorkovich was quoted as saying that there are no plans to close the McDonald's chain in the country, says Reuters. Reference Link
August 22, 2014
18:16 EDTBAGeneral Electric equipped 787 Dreamliner approved by regulators, WSJ says
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11:00 EDTMCDRussia continues to push McDonald's with new sanitary checkups, Reuters says
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09:51 EDTMCDMcDonald's brings back Mike Andres with retirement of Jeff Stratton
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August 21, 2014
11:26 EDTBABoeing reports 12 new orders in weekly update
Boeing reported orders for 10 737s and two 777s for unidentified customers in its weekly update.
06:40 EDTMCDMcDonald's looking to expand digital efforts, CNBC says
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August 20, 2014
12:58 EDTMCDMcDonald's temporarily closes certain Russian restaurants
The company said, "Based on a claim from a federal consumer agency, on Aug 20 2014, McDonald’s restaurants on Pushkin Square, Manezh Square and Prospect Mira were temporary closed. We are closely studying the subject of the documents to define what should be done to re-open the restaurants as soon as possible. Our main priority is to serve our customers with top quality menu items. We will continue taking care of our employees and will do our best to continue the success of McDonald’s business in Russia."
07:23 EDTSSYSBrean Capital remains a buyer of Stratasys following management meetings
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