New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 29, 2014
12:40 EDTEA, YHOO, BA, AOL, VRNG, DOW, MKC, GOOG, TOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday ahead of the last FOMC policy decision announcement of Ben Bernanke's tenure. Stocks began the session deep in negative territory thanks in part to foreign currency pressures in a number of emerging markets, including Turkey, Argentina and South Africa. There was also weakness in Dow components Boeing (BA) and AT&T (T) following their earnings reports. The market had recouped a fair part of its losses by noon as investors await the Fed's decision and the associated comments following its two day rate-setting meeting that concludes today. ECONOMIC EVENTS: In the U.S., the FOMC statement is scheduled to be released at 2:00 pm ET. In emerging markets, South Africa's central bank decided to increase interest rates for the first time in almost six years and the rand tumbled sharply after the country’s bid to halt the decline in the currency appeared to have backfired within minutes of the announcement. The reaction sparked a renewed sell-off in emerging market currencies, including the Turkish lira, which gave up all the gains it had registered after Turkey's central bank took aggressive action overnight to tighten its monetary policy. COMPANY NEWS: Dow member Boeing reported better than expected fourth quarter results, but the commercial airplane maker is the worst loser on the blue-chip index after it also issued guidance for fiscal 2014 that fell significantly short of expectations. Boeing guided to FY14 core EPS and revenue that were both well below consensus expectations. The company said it expects to make commercial deliveries of 715 to 725 planes in 2014 and expects operating cash flow of about $6.25B in 2014. Analysts at Wells Fargo said Boeing's cash flow outlook in particular could pressure shares, as it could imply no major ramp-up in share repurchases, and the stock was down over 6% near midday... Fellow Dow component AT&T was the second worst performer among its peers following its own quarterly report, issued last night after the close. Like Boeing, the telecom company reported results that beat expectations for the just-completed quarter, but the phone carrier's stock slid nearly 2% after it said it expects adjusted earnings per share to grow in the mid-single digits in the coming year, with revenue expected to be up only 2%-3%. MAJOR MOVERS: Among the notable gainers was Dow Chemical (DOW), which rose over 3.5% after reporting fourth quarter profits and revenue that both exceeded analysts' consensus estimate and increasing its quarterly dividend and its share repurchase program. Also higher was video game maker Electronic Arts (EA), which advanced more than 3% after raising its fiscal year earnings outlook and being upgraded to Buy from Neutral at BofA Merrill Lynch. Shares of Vringo (VRNG) rose almost 30% after the company received a 6.5% royalty rate from a judge in its suit against Google (GOOG) and AOL (AOL). Among the noteworthy losers was Yahoo (YHOO), which fell more than 7% after issuing a first quarter outlook that disappointed and being downgraded to Hold from Buy at Gabelli. Also lower after issuing a lower than expected outlook was spice maker McCormick (MKC), which slid almost 7%. INDEXES: Near midday, the Dow was down 150.05, or 0.94%, to 15,778.51, the Nasdaq was down 27.28, or 0.67%, to 4,070.68, and the S&P 500 was down 12.36, or 0.69%, to 1,780.14.
News For BA;T;DOW;YHOO;GOOG;VRNG;EA;MKC;AOL From The Last 14 Days
Check below for free stories on BA;T;DOW;YHOO;GOOG;VRNG;EA;MKC;AOL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | all recent news | >>
April 3, 2014
06:29 EDTGOOGTaiwan makers: Chromebook shipments in 2014 to reach 4M-5M units, DigiTimes says
Subscribe for More Information
06:24 EDTGOOGGoogle could ship up to 11M Chromebooks worldwide by 2019, DigiTimes says
ABI Research believes Google could ship an estimated 11M Chromebooks in 2019 after shipping nearly 2.1M in 2013, reports DigiTimes. Research Analyst Stephanie Van Vactor said the device is a disruptive force to the portable PC market after finding the ASP to be $338. Reference Link
06:23 EDTBABoeing, Airbus rivalry moves to tanker market, WSJ reports
Subscribe for More Information
06:22 EDTBABoeing to cut as man as 300 Australian contrators, WSJ reports
Boeing plans to cut as many as 300 contractors from its Boeing Aerostructures Australia facility by the end of the year, reports the Wall Street Journal. The company said, "This was always our intention when the company's aircraft programs stabilized at full production rates." Reference Link
06:20 EDTYHOOYahoo's goal of raising encryption could clash with advertising, WSJ reports
Yahoo's Chief Information Security Officer Alex Stamos announced new progress on efforts to beef up encryption although he admits there are limits to this encryption, reports the Wall Street Journal. The company could use HTTPS, which would block outsiders from watching data people submit, but Yahoo would then have to persuade every advertising network running ads to use the same encryption. Reference Link
06:10 EDTGOOGGoogle's LeBeau hired by Facebook, TechCrunch reprots
Google (GOOG) product designer Mike LeBeau has been hired by Facebook (FB), TechCrunch reports. LeBeau had a hand in developing several voice-related technologies, including iPhone Voice Search, while working as a staff software engineer and product designer at Google, and was an early member of the Android team. LeBeau will become a product manager at Facebook. Reference Link
April 2, 2014
19:15 EDTYHOOYahoo says all traffic between data centers now encrypted
In a post on the company's Tumblr page, Yahoo's Chief Information Security Officer Alex Stamos said that, traffic moving between Yahoo data centers is fully encrypted as of March 31, the Yahoo homepage and all search queries that run on the Yahoo homepage and most Yahoo properties also have HTTPS encryption enabled by default, and in the coming months, a new, encrypted version of Yahoo Messenger will be deployed. Reference Link
16:21 EDTGOOGOn The Fly: Closing Wrap
Subscribe for More Information
11:22 EDTGOOGAmazon says Fire TV remote control uses bluetooth
Subscribe for More Information
11:15 EDTGOOGAmazon says Fire TV 'three times as powerful' as Apple TV, Roku, Chromecast
11:10 EDTBABoeing reports first order for BBJ MAX 8
Subscribe for More Information
07:51 EDTTSeveral communications companies could be bought, says Oppenheimer
Oppenheimer says that the following communications companies could become takeover targets: T-Mobile (TMUS), DirecTV (DTV), DISH (DISH), Level 3 (LVLT), tw telecom(TWTC), and Rackspace (RAX). The firm calls T-Mobile "a prime target," and thinks the company has several potential suitors and is best positioned to benefit from current trends. Oppenheimer expects the major surviving companies in the space to be Comcast (CMCSA), AT&T (T), Verizon (VZ), and Sprint (S). It keeps Outperform ratings on T-Mobile, Rackspace, Comcast, and Verizon. It has Perform ratings on Level 3, tw telecom, and Sprint.
07:23 EDTGOOGApple (AAPL) to act like Google (GOOG) in ad push, Business Insider says
Subscribe for More Information
07:23 EDTBABoeing machinists to cast ballots in rare leadership challenge, Reuters says
Boeing machinists are set to vote in a rare election for control of one of the biggest industrial unions in the U.S., a contest that could see a shift to a more militant stance if the challengers are successful, reported Reuters. Results are expected to be announced in May. Reference Link
07:15 EDTGOOGGoogle asks Supreme Court to hear 'Street View' case, Wired says
After an appeals court previously found Google may have violated the Wiretap Act with its past collection of unencrypted Wi-Fi data as part of its Street View program, the company is asking the Supreme Court to rule on the matter, reported Wired, citing court documents. Reference Link
07:14 EDTGOOGGoogle shares undervalued at current levels, says Bernstein
Subscribe for More Information
07:10 EDTMKCMcCormick management to meet with Deutsche Bank
Meetings to be held in Newark/Baltimore/Toronto on April 2 hosted by Deutsche Bank.
06:50 EDTGOOGYouTube dominates mobile apps, Facebook on top in mobile social, Re/code says
Subscribe for More Information
06:45 EDTGOOGAmazon expected to announce media streaming device today, Business Insider says
Subscribe for More Information
06:16 EDTGOOGGoogle April volatility elevated into 2-1 stock split and Q1
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use