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| January 30, 2013 |
| 12:34 EDT |  | BIOC, LLL, BA, KMP, CHK, BBRY, CODE, CPNO, NOC, RIMM, MTOR | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after a surprising report that showed gross domestic product contracted in the fourth quarter of 2012. The averages have remained in a narrow trading range right around the flat line ahead of the FOMC statement expected this afternoon... ECONOMIC EVENTS: In the U.S., the Commerce Department said gross domestic product shrunk at a 0.1% annual rate in Q4, far short of the analyst forecast for 1.1% growth. The weak preliminary result, which was attributed to a plunge in inventories and defense spending, may be revised in the months ahead, but if it stays in negative territory Q4 would mark the first U.S. economic contraction since Q2 of 2009. The Federal Open Market Committee decision later today may be market moving, though analysts generally expect no change to rates or policy... COMPANY NEWS: Boeing (BA) led the Dow with a gain of over 1% after its better-than-expected earnings and forecast for the upcoming year reassured investors. The company also said 787 production continues, though 787 deliveries are suspended until the FAA gives clearance. Among other companies in the Aerospace & Defense industry also reporting this morning, L-3 Communications (LLL) and Northrop Grumman (NOC) advanced as well... Research In Motion (RIMM), in addition to unveiling two new smartphones and its new BlackBerry 10 operating system, announced it will change its corporate name to "BlackBerry" and Nasdaq ticker to "BBRY". Investors certainly appeared to "sell the news" as shares, which had been up early in the session, slid during the launch event and were down nearly 8% near noon... MAJOR MOVERS: Among the notable gainers was Chesapeake Energy (CHK), which rose 6% after the company announced last night that its controversial CEO, Aubrey McClendon, would retire on April 1. Other gainers included two companies being acquired: BioClinica (BIOC), advanced 19% after agreeing to be acquired by JLL Partners for $7.25 a share, while Copano Energy (CPNO) gained 14% after being acquired by Kinder Morgan Energy (KMP) in a unit for unit transaction. Kinder Morgan shares slid over 2% after the deal announcement. Among the other noteworthy losers were Meritor (MTOR), down nearly 16%, and Spansion (CODE), which fell 12% after their earnings reports... INDICES: Near noon, the Dow was down 17.82, or 0.13%, to 13,936.60; the Nasdaq was down 1.54, or 0.05%, to 3,152.12; and the S&P 500 was down 2.92, or 0.19%, to 1,504.92. |
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News For BA;RIMM;BBRY;LLL;NOC;CHK;BIOC;CPNO;KMP;MTOR;CODE From The Last 14 Days Check below for free stories on BA;RIMM;BBRY;LLL;NOC;CHK;BIOC;CPNO;KMP;MTOR;CODE the last two weeks. |
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| May 17, 2013 |
| 16:21 EDT | | NOC | On The Fly: Closing Wrap
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| 12:05 EDT | | NOC | On The Fly: Midday Wrap
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| 10:13 EDT |  | BBRY | BlackBerry Z10 helps company regain Canadian market share, AllThingsD says
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| 10:09 EDT |  | BA | Boeing to host investor meeting
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| May 16, 2013 |
| 17:01 EDT |  | NOC | Northrop Grumman announces additional $4B share repurchase authorization
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| 16:21 EDT | | KMP | Kinder Morgan's Tennessee Gas, Mitsubishi Corp sign transportation agreement
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| 12:33 EDT |  | CHK | Chesapeake volatility at 29-month lows
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| 11:08 EDT | | BA | Boeing announces 115 new 737 orders in weekly update
Boeing on its website announced 115 new orders in its weekly update consisting of 35 737s for Southwest Airlines, 70 737s for Turkish Airlines, and 10 737s for WestJet. In the changes category, Boeing reduced 737 net orders by 30. |
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| 10:03 EDT |  | CHK | On The Fly: Analyst Downgrade Summary
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| 09:35 EDT | | LLL | L-3 Communications management to meet with Deutsche Bank
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| 07:28 EDT | | NOC | RBC Capital to host a conference
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| 06:47 EDT | | CHK | Chesapeake downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Chesapeake citing valuation and a lack of catalysts. |
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| 06:20 EDT |  | BA | Boeing price target raised to $112 from $105 at Citigroup
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| May 15, 2013 |
| 17:30 EDT | | BA | GE, Boeing warn of defective engine parts, WSJ reports
General Electric (GE) said more than 70 Boeing (BA) 777 models may be affected by an engine manufacturing defect, reports The Wall Street Journal. Reference Link |
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| 11:30 EDT | | BA | Boeing confirms Southwest converts 30 orders to 737 Max 7s from 737s
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| 11:21 EDT | | BA | Southwest revises aircraft delivery schedule
As a component of its AirTran integration, fleet modernization initiatives, and careful capital management, Southwest (LUV) has revised its aircraft delivery schedule. For 2014, five Boeing (BA) 737-700 firm orders have been converted to 737-800s, five options were exercised for -800 deliveries from Boeing, and five options to purchase Boeing Next Generation aircraft were relinquished. Five options in 2015 were also relinquished. Separately, the company has agreed to purchase ten pre-owned 737-700s for delivery in 2014 and 2015. Twelve 737NG options held by the company in 2014 and 2015, as well as 29 options in 2017 and 2018, were converted to 737 MAX options and deferred beyond 2024. The company also converted 30 Boeing 737NG firm orders in 2017 and 2018 to MAX firm orders and deferred them to 2019 through 2021. |
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| 10:13 EDT | | BBRY | On The Fly: Analyst Downgrade Summary
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| 08:24 EDT | | BBRY | BlackBerry announces Los Angees Sheriff's Department deploys BB10, Enterprise
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| 07:48 EDT | | BBRY | BlackBerry downgraded at Bernstein
As previously reported, Bernstein downgraded BlackBerry to Market Perform from Outperform. The firm downgraded shares based on valuation, lack of near-term catalysts, and risk the company does not meet high expectations. Price target lowered to $15 from $22. |
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| 07:12 EDT | | BA | Boeing resumes 787 Dreamliner deliveries, Reuters reports
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