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Stock Market & Financial Investment News

News Breaks
April 10, 2012
16:19 EDTBBY, VPHM, JAG, DHR, XRIT, BCS, DB, STD, UNCFF, SNE, OPTROn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower, with the Dow falling over 200 points for the session. Equity futures were quiet in the pre-market trading session leading to a relatively flat open for the broader market. The averages picked up momentum to the downside following the wholesale inventories report for the month of February. The selling picked up in earnest around midday, with the averages eventually tacking on losses of more than 1.5%. The buyers may have been sitting on the sideline waiting to see how the earnings season begins tonight when Alcoa (AA) reports... ECONOMIC EVENTS: In the U.S., the NFIB small business optimism index fell to 92.5 in March. Wholesale inventories rose 0.9% in February, versus analysts' expectations for an increase of 0.5%. In China, an unexpected $5.35B trade surplus was reported for March, as imports rose 5.3% and exports increased 8.9% from a year ago. In Europe, the yield on Spanish 10-year bonds rose to nearly 6% despite the government's plans for additional budget cuts and local media reports in Italy pointed toward its government cutting its 2012 growth forecasts... COMPANY NEWS: Best Buy (BBY) said it came to "a mutual agreement" with CEO Brian Dunn that new leadership was needed, prompting Dunn to resign. Shares initially spiked on the news, then reversed to close down $1.33, or 5.87%, to $21.32... Sony (SNE) cut its outlook for the fourth time in less than a year, more than doubling its projected annual loss to $6.4B. The warning sent its stock tumbling $1.86, or 9.25%, to $18.24... Shares of a number of European banks fell with fears about the debt crisis in Europe coming back to the forefront. Unicredit (UNCFF) sank 6.82%, Banco Santander (STD) dropped 3.85%, Deutsche Bank (DB) declined 3.29%, and Barclays (BCS) slid 5.31%... MAJOR MOVERS: Among the notable gainers were X-Rite Incorporated (XRIT), up $1.54, or 38.50%, to $5.54, on news Danaher (DHR) will acquire the company for $5.55 per share, and Jaguar Mining (JAG), up 57c, or 14.11%, to $4.61, on speculation of a takeover bid after shares of China Shandong Gold, which had previously tried to buy the miner, were halted for trading overseas. Noteworthy losers included ViroPharma (VPHM), down $6.17, or 21.57%, to $22.44, after the FTC opened an investigation into the company and several competitors launched generic versions of its Vancocin drug, and Optimer Pharmaceuticals (OPTR), down $1.37, or 9.99%, to $12.35, following a warning that Q1 revenue will miss consensus... INDICES: The Dow fell 213.66, or 1.65%, to 12,715.93; the Nasdaq dropped 55.86, or 1.83%, to 2,991.22; and the S&P 500 lost 23.61, or 1.71%, to 1,358.59.
News For BBY;SNE;UNCFF;STD;DB;BCS;XRIT;DHR;JAG;VPHM;OPTR From The Last 14 Days
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July 16, 2014
14:01 EDTDHRDanaher technical comments before earnings
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12:22 EDTBBYBest Buy calls active on speculation of an activist investor stake
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10:24 EDTBBYRumor: Best Buy moves up on speculation of an activist investor stake
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08:25 EDTDBCNBC / Institutional Investor to host a conference
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06:14 EDTSNEABI Research: More than 2B smartphones to ship in 2018, DigiTimes says
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July 15, 2014
06:30 EDTSNEDOJ investigating music publishing, possible price coordination, WSJ reports
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06:11 EDTSNESamsung, HiSilicon to sell more handset solutions to vendors, DigiTimes says
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July 14, 2014
07:13 EDTBCSDark pool investigation ups pressure on Barclays head, Reuters says
Barclays head Antony Jenkins is up one of biggest tests of his leadership when he chooses whether the firm should fight accusations that it deceived and defrauded U.S. clients, reported Reuters. If Jenkins accepts the allegations, he will have to deal with a problem arising from his promise to jettison any business that does not fit into the firm's new unblemished image. Reference Link
06:42 EDTSNE'Dawn of the Planet of the Apes' leads box office with $73M opening, WSJ says
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06:10 EDTSNETaiwan touch panel makers see more orders from handset vendors, DigiTimes says
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July 11, 2014
15:47 EDTBCSBarclays index unit could sell for close to $1B, Reuters reports
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07:30 EDTBCSBarclays to re-purpose cashiers with more customer-focused role, FT says
Barclays plans to have its 6,500 cashiers change their positions away from processing simple transactions and turning more toward giving customers advice, said Financial Times, which noted that the bank will give those employees an automatic 2.8% annual pay raise from October. Reference Link
06:57 EDTSNESony threatens to stop using Ascap, BMI, NY Times says
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06:48 EDTBCSBank of England says banks' capital requirement could rise, Reuters reports
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06:42 EDTSNESoundcloud, record labels get closer to agreement, Bloomberg says
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06:16 EDTBBYBest Buy price target raised to $36 from $31 at Citigroup
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July 10, 2014
11:02 EDTSNEWi-LAN, Sony enter license agreement
Wi-LAN (WILN) announced that the company and Sony (SNE) have entered into a multi-year license agreement related to WiLAN's portfolio of television technologies. The agreement includes certain 3D television technology developed by SENSIO Technologies. SENSIO's S2D Switch technology is exclusively available from WiLAN. All remaining terms of the license agreement are confidential.
07:08 EDTBCS, DBECB keeps tight grip on banks with health check results, Reuters says
The European Central Bank is targeting to keep a tight grip banks in the final phase of a balance sheet health check in October, giving them only 48 hours to review the test results before publishing them, according to Reuters, citing two people familiar with the matter. The assessment will look into banks’ balance sheets and measure their ability to handle shock and stress. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).
06:52 EDTBCSGoldman gains energy marketer Golender from Barclays, Reuters says
Goldman Sachs (GS) appointed oil marketer Roy Golender as vice president of energy sales from Barclays (BCS), according to Reuters citing a company spokesman. Golender's LinkedIn profile says that while at Barclays Golender spent four years in commodity derivatives sales. Reference Link
06:18 EDTSNEIDC: PC shipments in mature regions stabilizes market in Q2, DigiTimes
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