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Stock Market & Financial Investment News

News Breaks
November 7, 2012
16:52 EDTBA, PLXS, QLTY, PKT, AAPL, VHC, BTU, ANR, HMA, THC, JNPROn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower on the day, after last night's re-election of Barack Obama lead to an early sell-off that did not let up. After receiving clarity on the White House, attention on the Street turned to the looming fiscal cliff. An intra-day announcement by Boeing (BA) of cuts to its defense division heightened fears that a deal would not be reached by legislators before the scheduled budget cuts take effect... ECONOMIC EVENTS: In the U.S., President Obama was re-elected and Congress remains split, with Republicans keeping control of the House of Representatives and Democrats maintaining their majority in the Senate. House Speaker John Boehner stated in a speech late in the day that Republicans are “willing to accept new revenue” to reach a compromise that averts the approaching fiscal cliff. U.S. consumer credit climbed $11.4B in September, a slightly higher number than was expected. In Europe, the European Commission lowered its 2013 growth forecast for the region's economy to 0.1% from a prior call for 1% growth. Also, German industrial production fell 1.8% in September from the prior month, which was worse than forecast... COMPANY NEWS: Boeing announced that it will cut executive positions in its Defense, Space & Security unit, and a report said it also plans to close facilities and restructure several business units. Shares of Boeing were down $1.47, or 2.05%, to $70.11... Following the re-election of President Obama, hospital stocks were among the few stocks that advanced on the day, notably shares of Tenet Healthcare (THC), up $2.39, or 9.58%, to $27.34 and Health Management Associates (HMA), up 56c, or 7.25%, to $8.28... Amongst the broader market slide, coal stocks Alpha Natural Resources (ANR) and Peabody Energy (BTU) both fell sharply after enjoying a run-up through October heading into the election... MAJOR MOVERS: Among the notable gainers was VirnetX (VHC), up $7.32, or 27.84%, to $33.61 after a jury awarded the company over $368M in a patent verdict against Apple (AAPL). Also trading higher were shares of Procera Networks (PKT), up $2.95, or 14.54%, to $23.24, after the company's Q3 earnings beat consensus estimates and the company reiterated its FY12 revenue view. Among noteworthy losers was Quality Distribution (QLTY), down $2.92, or 33.95%, to $5.68 after the company's Q3 earnings missed consensus estimates and the stock was downgraded at SunTrust and JPMorgan. Also lower were shares of Plexus (PLXS), down $7.45, or 26.65%, to $20.51 after the company announced Juniper (JNPR) had dropped it as a supplier... INDICES: The Dow lost 312.95, or 2.36%, to 12,932.73; the Nasdaq fell 74.64, or 2.48%, to 2,937.29; and the S&P 500 dropped 33.86, or 2.37%, to 1,394.53.
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July 14, 2014
07:40 EDTBABoeing aims for 737 higher-capacity model, Reuters says
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07:24 EDTAAPLApple may not release 5.5-inch 'phablet' iPhone this year, Apple Insider reports
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07:24 EDTAAPLApple estimates raised above consensus at Morgan Stanley
Morgan Stanley's survey results suggests June quarter iPhone demand upside. The firm raised its iPhone unit estimate to 36M from 34M and increased its EPS estimate to $1.24 from $1.18, vs. consensus of $1.22 and 2015 EPS estimate to $2.33 from $2.25, 11% above consensus. The analyst added iWatch estimates into its model and sees unit sales in the 30M-60M range for the firm 12 months. Shares are rated Overweight with a $110 price target, up from $98.57.
06:50 EDTBAAirbus launches A330-800neo, A330-900neo
Airbus (EADSY) announced the A330-800neo and A330-900neo launched in July will reduce fuel consumption by a further 14% per seat compared with today’s A330. The company said that the A330neo will not only match the cash operating costs per seat of Boeing's (BA) 787, but also surpass it on direct operating costs per seat, and do so while offering an inch greater seat-width in economy class. The A330neo incorporates latest generation Rolls-Royce (RYCEY) Trent 7000 engines with a larger 112” diameter fan for a 10:1 bypass ratio, more seats and new cabin features. First deliveries of the newest A330 family members are scheduled to start in 4Q17. Reference Link
06:40 EDTAAPLApple responds to China broadcaster's privacy charges, China Daily says
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06:37 EDTBABoeing selected as preferred bidder for Monarch Airlines fleet replacement
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06:36 EDTBABoeing 'comfortable' with range amid Airbus overhaul plan, Reuters says
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06:08 EDTAAPLABI Research: Over 24M cars to be fitted with Apple CarPlay, DigiTimes says
ABI Research said that over 24M cars will be fitted with Apple (AAPL) CarPlay in 2019, reports DigiTimes. ABI Reserch said that the uptake in MirrorLink will also be fairly significant, but predicts more cars will be fitted with CarPlay. It cites several car makers to have the capabilities, including Ford (F), BMW, Audi, Mercedes, Jaguar/Land Rover, Toyota (TM), Nissan (NSANY), and Volvo (VOLVY). Reference Link
05:53 EDTBABoeing expands product lineup with 200-seat 737 Max 8
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05:50 EDTBABoeing selects TRU Simulation for FFA supply
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05:44 EDTAAPLApple upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded its rating on Apple (AAPL) shares to Overweight citing its channel checks which indicate near-term upside to consensus estimates and strong new products into 2015. The firm also believes troubles at Samsung are creating an opportunity for Apple to regain market share. Barclays raised its price target for Apple shares to $110 from $95. The stock closed Friday at $95.22.
July 13, 2014
23:24 EDTAAPLApple assures China iPhone no security risk, Bloomberg says
Apple responded to statements made on China state media about the iPhone being a national security risk by explaining that location tracking functions of its software can’t be used to identify activity of individuals in China, says Bloomberg. Reference Link
20:38 EDTAAPLChina state media says Apple iPhone security danger, Reuters reports
China's state media says Apple's iPhone is a threat to the country's national security because of the devices ability to track and time-stamp user locations, says Reuters. Reference Link
17:49 EDTAAPLOmniVision could see improvement after Apple, Barron's says
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17:29 EDTBABoeing looks cheaper than usual, Barron's says
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15:31 EDTBABoeing 787 reliability rate still below expectations, WSJ says
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12:51 EDTBAUTC Aerospace selected by Boeing for wheels, brakes on 737 MAX
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July 12, 2014
18:33 EDTAAPLIntel looks to Chinese unbranded makers to boost tablet presence, WSJ says
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16:35 EDTBASikorsky, Boeing selected to develop ‘Digital Backbone’ for Future Vertical Lift
Boeing (BA) and Sikorsky Aircraft, a subsidiary of United Technologies (UTX) have been selected to help develop the Joint Common Architecture, JCA, standard for the U.S. Army’s Joint Multi-Role, JMR, Science and Technology program, an element of the Future Vertical Lift, FVL, initiative. The Technology Investment Agreement was awarded by the U.S. Army Aviation Applied Technology Directorate on June 30.
16:27 EDTAAPLApple wins live streaming case brought by Emblaze, Bloomberg says
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