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News Breaks | | | | June 27, 2012 | | 16:20 EDT |  | BCS, BBY, SNE, POAHY, VLKAY, LORL, AMRN, ORLY, CMG | On The Fly: Closing Wrap
Stocks on Wall Street were higher on encouraging domestic data and a rally in oil. Stock futures traded near fair value but improved slightly following the better than expected data in the durable goods report. The futures action led to a higher open for the broader market, which stalled just a few minutes after the open. The averages regained their upside momentum following the surprisingly better than expected pending home sales report. The market continued to gain ground until each of the major indices gained at least 0.7%. The market then drifted into the close as investors began their watch for tomorrow's Supreme Court ruling on healthcare… ECONOMIC EVENTS: Orders for U.S. durable goods rose 1.1% in May after falling in the prior two months. U.S. May pending home sales rose 5.9% from previous month. In Europe, German Chancellor Angela Merkel said there is no quick solution to the euro crisis ahead of a EU summit set for tomorrow... MARKET NEWS: Barclays (BCS) paid $450M to settle accusations that it attempted to manipulate key interest rates. Best Buy (BBY) founder Richard Schulze is working with Credit Suisse on selling its remaining stake in the company. Sony (SNE) CEO Kazuo Hirai defended the company's revival plan, saying its sales will grow by a third in 2 years. Disgruntled Porsche (POAHY) investors are demanding $5B in damage, claiming that the automaker misled them about plans to take over Volkswagen (VLKAY)... MAJOR MOVERS: Among the notable gainers were Loral (LORL), up $7.75, or 13.42%, to $65.49, after the company announced it would sell Space Systems/Loral to MDA for more than $1B, and Amarin (AMRN), up $1.13, or 8.59%, to $14.29, after the U.S. Patent and Trademark Office issued "reasons for allowance" on its website for the company's '889 patent. Noteworthy losers included O'Reilly Automotive (ORLY), down $13.82, or 14.34%, to $82.61, after it lowered its Q2 outlook, and Chipotle Mexican Grill (CMG), down $23.63, or 5.69%, to $391.78, after ITG announced the company’s Q2 revenues are trending below consensus… INDICES: The Dow gained 93.02, or 0.74%, to 12,627.69; the Nasdaq rose 21.26, or 0.74%, to 2,875.32; and the S&P 500 added 11.86, or 0.90%, to 1,331.85. | |
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News For BCS;BBY;SNE;POAHY;VLKAY;LORL;AMRN;ORLY;CMG From The Last 14 Days Check below for free stories on BCS;BBY;SNE;POAHY;VLKAY;LORL;AMRN;ORLY;CMG the last two weeks. |
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| June 20, 2013 | | 06:04 EDT |  | SNE | On the Fly: Periodicals Wrap-Up
 Subscribe for More Information | | | June 19, 2013 | | 11:57 EDT | | SNE | Sony video shows PlayStation 4 details, The Next Web says
Subscribe for More Information | | | 10:04 EDT | | SNE | Sony spin-off proposal won't be considered at Thursday meeting, Reuters says
Subscribe for More Information | | | 10:01 EDT | | SNE | Sony spin-off proposal won't be considered at Thursday meeting, Reuters says
Subscribe for More Information | | | 09:40 EDT |  | BBY | Best Buy sweetening terms of loyalty program, says SunTrust
Subscribe for More Information | | | 08:04 EDT |  | AMRN | Amarin informed by FDA of Oct. 16 advisory committee date for sNDA for Vascepa
Subscribe for More Information | | | 07:37 EDT | | BCS | Barclays named a long Research Tactical Idea at Morgan Stanley
| | | 07:25 EDT | | CMG | Chipotle won't benefit significantly from Qdoba closures, says Wells Fargo
Subscribe for More Information | | | June 18, 2013 | | 17:12 EDT | | SNE | Nvidia to begin licensing GPU cores, visual computing portfolio
Subscribe for More Information | | | 16:22 EDT | | SNE | On The Fly: Closing Wrap
Subscribe for More Information | | | | 12:21 EDT | | SNE | On The Fly: Midday Wrap
Subscribe for More Information | | | 10:54 EDT | | VLKAY | European auto sales decline to 20 year low, Reuters says
European car sales decreased in May to their lowest level for the month in 20 years, says Reuters. Data from the Association of European Carmakers showed Germany, France and Italy, suffered almost double-digit percentage declines in May, Reuters added. Reference Link | | | 09:49 EDT |  | SNE | Sony rises after Third Point raises stake to 7%, levels to watch
Subscribe for More Information | | | 09:05 EDT | | SNE | T-Mobile to be exclusive carrier of Sony Xperia Z smartphone
T-Mobile U.S. (TMUS) announced it will be the exclusive U.S. wireless company to carry the Xperia Z from Sony (SNE). | | | 08:52 EDT | | SNE | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:42 EDT | | SNE | May U.S. retail video game sales fall 25%, Bloomberg reports
U.S. retail sales of video game hardware, software and accessories tumbled 25% to $386.3M this past May, with overall hardware sales down 31% from last year to $96M, reported Bloomberg citing data from NPD Group. Reference Link | | | 07:39 EDT | | SNE | Loeb ups his Sony stake, pushes for entertainment IPO, WSJ reports
Hedge-fund investor Daniel Loeb's Third Point LLC increased its stake in Sony Corp. as it moved to persuade the company to launch an IPO of its entertainment division, reports the Wall Street Journal. Third Point added about 5M shares to its Sony stake, for a total of 70M shares, or 6.9% of the company. This morning in Tokyo, Loeb's fimr sent a letter from him to Sony CEO Kazuo Hirai reiterating their argument that Sony should sell a 15% to 20% stake in its entertainment arm, which comprises the company's movie and music businesses. Reference Link | | | 06:05 EDT |  | SNE | Sony implied volatility at upper end of index mean range
| | | June 17, 2013 | | 20:08 EDT | | SNE | Dan Loeb sends second letter to Sony, Variety reports
Dan Loeb has sent a second letter to Sony CEO Kazuo Hirai reiterating his proposal to spin-off Sony's entertainment assets, reports Variety. Reference Link | | | 15:29 EDT | | BBY | Google's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link | | |
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