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Stock Market & Financial Investment News

News Breaks
December 20, 2013
12:31 EDTIDCC, RHT, BBRY, KMX, ORCL, TIBX, MKTGOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after a revised government estimate showed the U.S. economy grew at a 4.1% annual rate in the third quarter, which is the strongest growth rate since late 2011. Today marks "quadruple witching," the last trading day for stock options on indexes, equities and futures, in which futures expire at the same time, which generally leads to a pickup in volume and volatility. Adding to the noise is the S&P 500 quarterly rebalancing, which occurs today as well. ECONOMIC EVENTS: In the U.S., third quarter GDP growth was revised up to 4.1% from the second reading of 3.6% growth. Personal consumption fueled the better than expected headline, rising 2.0%, which was up from the prior 1.4% estimate and from 1.8% in the prior quarter. In Europe, ratings agency S&P cut its triple-A rating of the European Union by one notch. Also, market research group Gfk said consumer confidence in Germany hit its highest level in December since April of 2007. COMPANY NEWS: BlackBerry (BBRY) reported a worse than expected quarterly loss and lower than expected sales, including recognizing revenue on only 1.9M smartphones in the third quarter which was down from 3.7M smartphones in the previous quarter. However, the company also announced a five-year strategic partnership with Foxconn, which also builds devices for Apple (AAPL), and reported over 40M newly registered iOS and Android users for BlackBerry Messenger in the last 60 days. Shares of the troubled phone maker rose 12% near noon... MAJOR MOVERS: Among the notable gainers was Responsys (MKTG), which rose 38% after agreeing to be acquired by Oracle (ORCL) for $27.00 per share in cash. Also higher were shares of open source software provider Red Hat (RHT), which rose 18% after its third quarter results and fiscal 2013 guidance topped analystsí consensus estimates. Among the noteworthy losers following their earnings reports were TIBCO Software (TIBX), which fell 14%, and CarMax (KMX), which slid over 8%. Also lower was InterDigital (IDCC), which declined more than 5% after the ITC upheld an unfavorable ruling for the company in a patent suit. INDEXES: Near midday, the Dow was up 91.44, or 0.57%, to 16,270.52, the Nasdaq was up 43.74, or 1.08%, to 4,101.88, and the S&P 500 was up 11.94, or 0.66%, to 1,821.54.
News For BBRY;MKTG;ORCL;RHT;TIBX;KMX;IDCC From The Last 14 Days
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April 11, 2014
09:24 EDTORCLOracle management to meet with JPMorgan
Meeting to be held in Chicago on April 17 hosted by JPMorgan.
07:06 EDTORCLOracle management to meet with Deutsche Bank
Meeting to be held in Frankfurt on April 11 hosted by Deutsche Bank.
April 10, 2014
12:13 EDTBBRYBlackBerry CEO: No intention of selling handset unit, Globe and Mail reports
BlackBerry CEO John Chen said his comments that he would consider exiting the handset business were taken out of context, and that there are no immediate plans to sell the business, The Globe and Mail reports. Reference Link
11:03 EDTKMXOptions with decreasing implied volatility: MNKD QCOR MU KMX
09:06 EDTORCLOracle management to meet with Deutsche Bank
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April 9, 2014
19:49 EDTBBRYBlackBerry would consider handset unit sale, Reuters says
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11:51 EDTORCLOracle management to meet with Jefferies
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11:11 EDTKMXCarMax management to meet with Oppenheimer
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10:33 EDTORCLConstant Contact surges after preliminary Q1 revenue beats consensus
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10:23 EDTKMXOptions with decreasing implied volatility: MNKD QCOR MU KMX
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07:22 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Zurich/Milan on April 9 hosted by Deutsche Bank.
April 8, 2014
11:00 EDTKMXOptions with decreasing implied volatility: APOL KMX EPB
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08:03 EDTORCLOracle management to meet with Deutsche Bank
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April 7, 2014
19:17 EDTBBRYBlackBerry wins patent suit against NXP
BlackBerry (BBRY) announced that a federal jury ruled in favor of BlackBerry in a patent infringement case brought by NXP (NXPI) in the U.S. District Court, Middle District of Florida, Orlando Division. The jury found both that BlackBerry did not infringe NXP's patents, and that the patents NXP asserted against BlackBerry are invalid.
17:43 EDTORCLFour Oracle insiders sold $69.5M in stock, Barron's says
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11:21 EDTKMXOptions with decreasing implied volatility: QCOR MU KMX EPB
09:00 EDTORCLOracle management to meet with Deutsche Bank
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08:50 EDTIDCCInterDigital, Fujitsu agree to worldwide patent license agreement
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08:48 EDTRHTRed Hat underlying trends remain solid, says RW Baird at RW Baird
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08:31 EDTKMXCarMax growth rates returning to normal, says RW Baird
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