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Stock Market & Financial Investment News

News Breaks
January 29, 2014
12:40 EDTBA, T, DOW, YHOO, GOOG, VRNG, EA, MKC, AOLOn 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.
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September 8, 2014
09:43 EDTGOOGEU authorities seek more concessions from Google in ongoing probe, WSJ says
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09:40 EDTYHOOActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
09:35 EDTBARyanair places order for up to 200 Boeing 737 MAX
Ryanair (RYAAY) confirmed an agreement with Boeing (BA) to purchase up to 200 new Boeing 737 MAX 200 aircraft, including 100 firm orders and 100 options. When finalized and all options exercised, this deal will be worth over $22B at current list prices, Ryanair stated, adding that it becomes the lead customer for this new aircraft, which for Ryanair will feature 197 seats and new CFM LEAP-1B engines.
09:33 EDTBARyanair places order for up to 200 Boeing 737 Max
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09:09 EDTYHOOYahoo volatility elevated into Alibaba roadshow
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08:35 EDTDOWDow Chemical Chief Information Officer, Chief Sustainability Officer to retire
David E. Kepler, executive vice president, chief sustainability officer and chief information officer, has decided to retire at the end of this year. James R. Fitterling, vice chairman, Business Operations, will have executive oversight of Dow’s businesses including, Dow Packaging and Specialty Plastics, Dow Elastomers, Dow Electrical & Telecommunications, Polyurethanes, Epoxy, Specialty Chemicals, Chemicals, Hydrocarbons, and Energy. Fitterling will also continue to oversee implementation of the Company’s previously announced Chlorine, Chlorinated Organics, and Epoxy carve-out and divestment efforts. In addition, he will add to his responsibility for Supply Chain the following functions: Dow’s Business Services, which includes Information Systems and Workplace Services, Business Process Services, Purchasing, Customer Service, the Dow Services Business, and the Environmental Health & Safety and Sustainability organizations. Fitterling assumes this portion of his ne responsibilities from David E. Kepler, who has decided to retire from Dow following a 39-year career with the Company. Kepler most recently served as executive vice president, chief sustainability officer and chief information officer. Joe E. Harlan, chief commercial officer and vice chairman, Market Businesses, will have executive oversight for Dow’s market-driven businesses including, Agricultural Sciences, Dow Electronic Materials, Dow Pharma and Food Solutions, Home and Personal Care, Dow Automotive Systems, Dow Oil & Gas, Dow Microbial Control, Dow Water & Process Solutions, Dow Coating Materials, Performance Monomers, and Dow Building & Construction. Additionally, in his role as chief commercial officer he will drive Dow’s global Marketing and Sales strategy and organization. He will also maintain executive oversight of the Company’s presence in Asia Pacific.
08:31 EDTDOWDow Chemical CFO William Weideman to retire, Ungerleider to succeed as CFO
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08:07 EDTAOLAOL introduces Road Devil Interstitial for Mobile
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06:47 EDTBARyanair to possibly place $10B Boeing order, Reuters says
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06:46 EDTYHOOYahoo acquires, shuts down, Luminate
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06:45 EDTYHOOYahoo to receive $8.8B in first tranche of Alibaba stake, says Cantor
Cantor Fitzgerald says that based on Alibaba's (BABA) updated F1 on Friday, Yahoo (YHOO) will receive $8.8B in the first tranche of its Alibaba stake. Cantor estimates that at the mid-point, Alibaba's proposed market cap is $158.3B, with Yahoo's stake valued at $33B. The firm notes this is below its $180B estimate. Cantor says Yahoo is only selling 140M shares in the first tranche, leaving 384M shares to be sold in a year-plus, likely at a higher valuation and on better tax terms. Cantor keeps a Buy rating on the stock.
06:33 EDTYHOOYahoo's core business valued at $11B, WSJ reports
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06:30 EDTGOOGGoogle organizes meetings to talk about privacy rights in EU, Reuters says
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06:28 EDTYHOOAlibaba recently added three new partners, WSJ reports
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06:21 EDTGOOGSmartwatch market to reach $10B by 2018, says Citigroup
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06:10 EDTEAPopCap Games founder John Vechey leaves company, Re/code reports
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06:07 EDTGOOGGoogle implied volatility of 16 at lower end of index mean range
06:05 EDTGOOGGoogle Glass goes on sale in U.S. Google Play store
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06:04 EDTYHOOStocks with implied volatility top IV index mean; AMD YHOO
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05:35 EDTGOOGGoogle added to Franchise Picks List at Jefferies
Jefferies added Google to its Franchise Picks List saying the company's YouTube division looks best positioned to benefit from growth in online video advertising, which the firm estimates could be a $17B opportunity by 2017 in the U.S. alone. Jefferies has a Buy rating on Google with a $700 price target.
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