New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 12, 2013
12:44 EDTBA, UPS, FDX, JPM, WFC, ATHN, WBMD, CERE, MDCOOn The Fly: Midday Wrap
The Wall Street averages were lower at midday following earnings reports from two of the nation's largest banks and a profit warning from the biggest delivery company. ECONOMIC EVENTS: In the U.S., producer prices rose 0.8% last month, versus expectations for an increase of 0.5%. Prices excluding food and energy components rose 0.2%, versus expectations for them to increase 0.1%. The preliminary University of Michigan consumer confidence index for came in at 83.9, versus expectations for a reading of 84.7. COMPANY NEWS: JPMorgan (JPM) and Wells Fargo (WFC) both reported headline earnings and revenue that beat analysts' consensus forecast. Wells Fargo shares rose nearly 2% afterward, while JPMorgan was fractionally higher... Another bellwether company, UPS (UPS), saw its shares fall almost 6% after the company reduced its guidance for 2013 earning per share, citing overcapacity in the global air freight market, increasing customer preference for lower-yielding shipping solutions, and a slowing U.S. industrial economy. Peer FedEx (FDX) slid over 2% as well... Boeing (BA) declined more than 6% following a fire at Britain's Heathrow airport involving one of the company's 787 jets, which is the same model of plane that had previously been grounded over concerns about the potential for its batteries to ignite. MAJOR MOVERS: Among the notable gainers was athenahealth (ATHN), which jumped over 15% after inking a deal with Ascension that prompted bullish analyst notes from Leerink Swann and Piper Jaffray. Also higher were shares of WebMD (WBMD), which advanced 26% after the company's preliminary quarterly results beat consensus and it raised its full-year revenue outlook. Among the noteworthy losers were Ceres (CERE), which dropped 27% after the company said the commercial ramp of sweet sorghum in Brazil is likely to fall below expectations this year and its shares were downgraded by multiple Street research firms. Also lower were shares of The Medicines Co. (MDCO), which fell 8% following a court ruling related to patent lawsuit related to one of its drug. INDICES: Near noon, the Dow was down 34.58, or 0.22%, to 15,426.34; the Nasdaq was down 0.25, or 0.01%, to 3,578.05; and the S&P 500 was down 2.25, or 0.13%, to 1,672.77.
News For BA;UPS;FDX;JPM;WFC;ATHN;WBMD;CERE;MDCO From The Last 14 Days
Check below for free stories on BA;UPS;FDX;JPM;WFC;ATHN;WBMD;CERE;MDCO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
August 27, 2014
14:02 EDTBAAir Transport Services unit to return four DHL-owned freighters
Subscribe for More Information
12:47 EDTFDXJudge panel appeals FedEx Ground ruling
FedEx Ground, a subsidiary of FedEx, reports that a decision by a three-judge panel of the U.S. Court of Appeals for the Ninth Circuit reversed previous rulings by the District Court for the Northern District of Indiana in three class action cases involving mostly former independent contractors for FedEx Ground. The court held that those independent contractors operating in California from 2000-2007 and Oregon from 1999-2009 were employees according to the panel’s interpretation of state laws. The model that the court reviewed is no longer in use. Since 2011, FedEx Ground has only contracted with incorporated businesses, which treat their drivers as their employees. FedEx Ground will seek review of these decisions, including review by the entire Ninth Circuit. FedEx Ground Senior Vice President and General Counsel Cary Blancett said, "We fundamentally disagree with these rulings, which run counter to more than 100 state and federal findings, including the U.S. Court of Appeals for the D.C. Circuit, upholding our contractual relationships with thousands of independent businesses. The operating agreement on which these rulings are based has been significantly strengthened in recent years, and we look forward to continuing to work with service providers across our network to provide customers the industry’s most reliable service.”
08:30 EDTBAMorgan Stanley believes aerospace cycle concerns are overblown
Subscribe for More Information
08:00 EDTWFC, JPMSEC seen completing rules on MBS detail disclosures, WSJ says
The Securities and Exchange Commission is expected to complete rules requiring banks and other financial institutions to give investors greater detail about the quality of mortgages and other loans pooled into bonds known as asset-backed securities, reported The Wall Street Journal. Publicly traded big U.S banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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.
05:47 EDTBAAerCap delivers first 787 Dreamliner to Royal Jordanian
Subscribe for More Information
August 25, 2014
06:19 EDTUPSU.S. DHS warns of 'Backoff' malware, WSJ reports
The Department of Homeland Security is urging all companies to check for a "Backoff" malware infection, which targets cash registers, and said over 1,000 businesses in the U.S. have been affected by the cyberattack, the Wall Street Journal reports. The DHS said Friday that the malware has likely infected many victims who "aren't aware" that they have been compromised. Reference Link
06:17 EDTBABoeing, BOC Aviation announce order for 82 airplanes for $8.8B
Subscribe for More Information
August 22, 2014
18:16 EDTBAGeneral Electric equipped 787 Dreamliner approved by regulators, WSJ says
Subscribe for More Information
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.
08:31 EDTJPMMorgan Stanley, JP Morgan selected by Shake Shack to lead IPO, Reuters says
JP Morgan (JPM) and Morgan Stanley (MS) have been picked by Shake Shack to lead the fast-food restaurant chain's IPO, sources tell Reuters. The offering could come as early as this year. Reference Link
06:43 EDTJPM, WFCRegulators up bank warning efforts for poor risk assessment, Reuters says
Subscribe for More Information
August 20, 2014
18:29 EDTJPMBofA, JPMorgan weigh plans to raise salaries for junior bankers, Bloomberg says
Subscribe for More Information
16:06 EDTUPSUPS notifies customers of potential data compromise, incident resolution
Subscribe for More Information
06:02 EDTWFCWells Fargo wins approval for $62.5M settlement, Charlotte Observer says
Subscribe for More Information
August 19, 2014
16:45 EDTBABombardier shakes up commercial aircraft marketing division, WSJ says
Canadian transportation company Bombardier (BDRBF) has replaced its commercial aircraft marketing chief Philippe Poutissou with Ross Mitchell, says the Wall Street Journal. The moves come as part of a broader restructuring of Bombardier's marketing division as the company competes with Boeing (BA) and Airbus Group (EADSY), added the Wall Street Journal. Reference Link
15:57 EDTFDXFedEx pushed to settle drug case as U.S. adds laundering charge, Bloomberg says
Subscribe for More Information
13:42 EDTWFCWells Fargo looks to bulk up asset-management business, WSJ says
Wells Fargo is looking to increase the size of its asset-management business to over $1T over the next decade by making acquisitions of smaller asset managers and more aggressive sales to larger investors, says the Wall Street Journal. Reference Link
10:28 EDTUPSUPS establishes freight forwarding services in Myanmar
UPS announced the expansion of inbound and outbound air and ocean freight services in Myanmar for the first time. Global customers trading to and from this emerging market will have access to UPS's supply chain technologies and services, which initially will include UPS Air Freight Direct, UPS Air Freight Consolidated, Full Container Load and Less-than Container Load services.
07:37 EDTUPSUPS management to meet with William Blair
Subscribe for More Information
1 | 2 | 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