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Stock Market & Financial Investment News

News Breaks
April 2, 2013
16:29 EDTHTZ, HMC, F, OMPI, TM, NDAQ, DAL, AAPL, GM, BGCPOn The Fly: Closing Wrap
Stocks on Wall Street were higher, with the Dow and S&P both closing at fresh all-time highs. The averages opened higher and firmed following roughly in-line domestic data on factory orders. The U.S. report contrasted with continued weakening in European data, as Germany's PMI indicated contraction in the zone's largest economy... ECONOMIC EVENTS: In the U.S., the Commerce Department said factory orders rose 3% in February, which was a bit ahead of economists' forecast for an increase of 2.9%. In Europe, the euro zone jobless rate was stable at 12.0% in February, though the number of unemployed in the zone rose to the highest level on record at about 19.1M. Also, the purchasing managersí index for the zone fell to 46.8 in March from 47.9 in February. In Asia, Japan's Prime Minister warned that a 2% inflation target pursued by the new head of its central bank may be difficult to reach... COMPANY NEWS: Shares of BGC Partners (BGCP) gained $1.87, or 48.57%, to $5.72 after the company agreed to sell its eSpeed treasury trading platform to Nasdaq OMX Group (NDAQ) in a cash-and-stock deal valued at as much as $1.23B. Nasdaq shares lost $4.10, or 12.81%, to $27.91 following the deal announcement... Carmakers reported March sales and General Motors (GM) and Ford (F) both posted U.S. sales gains of nearly 6% for March. Japanese manufacturers also reported higher March sales, with Toyota (TM) reporting a 1% increase in U.S. sales and Honda (HMC) reporting U.S. sales increased over 7%... Apple (AAPL) shares were active during the session, as a midday report from The Wall Street Journal said the company will begin production of a new iPhone in Q2 but that it will be similar in size and shape to the iPhone 5. Apple shares, which had been trading higher, moved lower following the report and closed up 99c, or 0.23%, at $429.90... MAJOR MOVERS: Among the notable gainers was Obagi Medical (OMPI), up $3.17, or 16.08%, to $22.88 after Merz Pharma made an unsolicited proposal to acquire the company for $22 per share. Also higher were shares of Hertz Global (HTZ), up $1.50, or 6.85%, to $23.41 after the company affirmed its fiscal year 2013 earnings and revenue view and provided guidance for fiscal year 2015. Among the noteworthy losers was Delta (DAL), down $1.31, or 8.06%, to $14.94 after the company reported March operating performance and said it sees Q1 revenue up 4%-4.5% against a year ago... INDICES: The Dow was up 89.16, or 0.61%, to 14,662.01; the Nasdaq was up 15.69, or 0.48%, to 3,254.86; and the S&P 500 was up 8.08, or 0.52%, to 1,570.25.
News For BGCP;NDAQ;F;GM;TM;HMC;AAPL;OMPI;HTZ;DAL From The Last 14 Days
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June 23, 2015
07:11 EDTDALDelta Air Lines coverage assumed with an Overweight at Morgan Stanley
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06:05 EDTAAPLNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
05:56 EDTAAPLEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
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June 22, 2015
19:36 EDTAAPLApple Music artist royalties may be 'insignificant' during trial, WSJ says
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16:00 EDTAAPLOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM
14:42 EDTAAPLOculus potential not reflected in Facebook's stock price, Piper Jaffray says
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13:33 EDTAAPLApple iPhone redesign without home button not before 2017, AppleInsider says
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12:41 EDTGMHyundai nearing sponsorship agreement with NFL, Bloomberg reports
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11:15 EDTGMGM activists not interested in merger with Fiat Chrysler, Financial Times says
General Motors (GM) activist holders have said they will not push for a merger with Fiat Chrysler (FCAU), reports the Financial Times. According to four people familiar with the matter, the activist contingent, which controls about 1.5% of GM shares, is more interested in cutting costs than embarking on a complicated merger transaction. One person close to the hedge funds said the investors believe consolidation makes sense but are unsure "that this particular consolidation makes sense." Reference Link
11:02 EDTGMGeneral Motors to invest $245M at Orion Assembly plant
General Motors said it will invest $245M and add 300 new jobs at its Orion Assembly plant to support launching an all-new vehicle program. "Orion Assembly is a breeding ground for manufacturing innovation,Ē said Cathy Clegg, GM North America vice president of Manufacturing and Labor Relations. "It serves as a model for how to engage the entire workforce at all levels to achieve success. The plant is up to the challenge of building this brand-new product, something itís never seen before." Investment in Orion totals $962M since the UAW and GM worked together to reopen the previously idled plant in 2010, the automaker announced in a statement. Today's announcement is a part of the $5.4B GM has announced it will invest in U.S. manufacturing over the next three years. Approximately $3.1B of the $5.4B has been identified, leaving $2.3B to be announced by year end.
09:42 EDTDALDelta Air Lines $2 fare increase failed, says JPMorgan
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09:40 EDTAAPL, FActive equity options trading on open
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08:09 EDTAAPLMasimo receives CE Mark for MightySat Rx pulse oximeter
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07:46 EDTAAPLApple CEO: Chinese consumer tastes weighed in product designs, Bloomberg says
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07:19 EDTDALAirlines focusing on upgraded in-flight web services, WSJ reports
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06:57 EDTGMCNH Industrial upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded CNH Industrial (CNHI) to Neutral saying the stock could find support until the potential General Motors (GM) and Fiat-Chrysler (FCAU) merger is resolved. The firm raised its price target for shares to $8.50 from $7.50.
06:35 EDTHMCHonda says links eighth death to Takata airbags, Reuters reports
Honda (HMC) has confirmed that a September 2014 death of a Los Angeles, California, women, has been connected to the rupture of a Takata (TKTDY) airbag inflator, Reuters reported on Friday. This death is the eighth related to the defective airbags. Reference Link
06:08 EDTGM, TMGeneral Motors to add over 243,000 hatcbacks to air bag recall, AP reports
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05:59 EDTAAPLApple developing in-house TDDI solutions, DigiTimes reports
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05:55 EDTAAPLApple changes tune over music streaming royalties, Financial Times says
Apple has agreed to pay for all the music carried on its new streaming music service during free trials, reports the Financial Times. The company signaled the climbdown after singer Taylor Sift released an open letter Sunday that denounced Apple Music as "shocking" and "disappointing.", adding that her views were shared by "every artist, writer and producer" in her social circles. The company will now pay for the music it streams during free trials, though it would pay less for each stream than it will when a user has taken a full subscription. Reference Link
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