New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 19, 2014
16:36 EDTBBRY, PIR, CMGE, TRGP, ETE, NGLSOn The Fly: Closing Wrap
Stocks on Wall Street finished the day mixed after moving in a narrow range for the entire session. There were several passes back and forth across the flat line throughout the day as the market consolidated its gains from yesterday. Investors seemed content to sit on the sidelines ahead of what could be a volatile session tomorrow in what is called "quadruple witching," when various stock index futures, stock index options, stock options, and single stock futures expire. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 6K to 312K last week, which was nearly in-line with expectations. The Philly Fed manufacturing index rose 2.4 points to 17.8 in June, which was better than expected. The leading economic indicator index for May rose 0.5%, which was slightly below the consensus forecast for it to have grown 0.6%. COMPANY NEWS: Shares of BlackBerry (BBRY) climbed 80c, or 9.65%, to $9.09 after the company reported losses that weren't as steep as expected for the first quarter and said that it had recognized revenue on more handsets in Q1 than in the previous quarter. Moreover, it said that it was close to reaching the breakeven point on hardware sales and that it expects to be profitable "sometime in fiscal 2016." MAJOR MOVERS: Among the notable gainers was Targa Resources (TRGP), which surged $25.57, or 20.45%, to $150.62, and its operating unit Targa Resources Partners (NGLS), which gained $12.29, or 17.74%, to $81.55, after Bloomberg reported late in the day that both could potentially be acquired shortly by Energy Transfer Equity (ETE). Energy Transfer Equity closed the session down fractionally but was up more than 5% in after-hours trading following Bloomberg's report. Among the noteworthy losers was home furnishings retailer Pier 1 Imports (PIR), which dropped $2.40, or 13.14%, to $15.86 after the company's first quarter results missed analysts' consensus estimates and it cut its fiscal 2015 earnings per share outlook. Also lower were shares of China Mobile Games (CMGE), which fell $4.25, or 22.47%, to $14.65 before eventually being halted by Nasdaq after the company reportedly removed a total of nine executives, according to a Chinese-language report quoted by Bloomberg. INDEXES: The Dow was up 14.84, or 0.09%, to 16,921.46, the Nasdaq was up 3.51, or 0.08%, to 4,359.33, and the S&P 500 was up 2.50, or 0.13%, to 1,959.48.
News For BBRY;PIR;CMGE;TRGP;ETE;NGLS From The Last 14 Days
Check below for free stories on BBRY;PIR;CMGE;TRGP;ETE;NGLS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 28, 2014
11:18 EDTPIRWilliams-Sonoma plunges as FY14 outlook falls below analysts' expectations
Subscribe for More Information
11:08 EDTBBRYStocks with call strike movement; QIHU BBRY
Subscribe for More Information
August 25, 2014
07:44 EDTBBRYMobileIron could benefit from BlackBerry replacements, says Deutsche Bank
Subscribe for More Information
August 24, 2014
14:36 EDTBBRYBlackBerry wins another court victory against Typo Products, WSJ says
Subscribe for More Information
August 20, 2014
11:50 EDTBBRYStocks with call strike movement; PBR BBRY
Subscribe for More Information
August 18, 2014
10:52 EDTBBRYBlackBerry announces new technology unit
BlackBerry announced that it has named Sandeep Chennakeshu to lead a new business unit to be called BlackBerry Technology Solutions, or BTS. The BTS business unit comprises BlackBerry's technology assets, including QNX, Project Ion, Certicom and Paratek as well as BlackBerry's patent portfolio. Blackberry CEO John Chen said, "Combining all these assets into a single business unit led by Sandeep will create operational synergies and new revenue streams, furthering our turnaround strategy."
09:03 EDTCMGEOn The Fly: Pre-market Movers
Subscribe for More Information
07:43 EDTCMGEChina Mobile Games sees Q3 revenue RMB 330M-RMB 350M
07:42 EDTCMGEChina Mobile Games reports Q2 EPS 27c, one estimate 21c
Subscribe for More Information
06:20 EDTCMGEChina Mobile Games management announces intention to repurchase RMB10M shares
The company has been informed that Shuling Ying and Ken Jian Xiao, the company's CEO and Director, intend to individually purchase RMB10M each of the company's American Depositary Shares.
06:18 EDTCMGEChina Mobile Games appoints Shuling ying to COO effective immediately
Subscribe for More Information

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