New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 5, 2012
12:32 EDTC, MFRM, SVU, TOT, CIE, JPM, TRV, BAC, FB, AAPL, PXP, MMR, FCX, POn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, as the financials lead the Dow higher and Apple (AAPL) weighed on the Nasdaq. A number of factors, including Facebook's (FB) upcoming inclusion in the Nasdaq 100 and reports of increased margin requirements on its stock, may have contributed to Apple's slide of over 4%. Conversely, strength in Bank of America (BAC), Travelers (TRV) and JP Morgan (JPM) powered the blue chip index higher... ECONOMIC EVENTS: In the U.S., payroll processor ADP said employers added 118,000 jobs last month, which was below analysts' forecasts, but the chief economist at Moody's Analytics estimated Superstorm Sandy cut the total by 86,000 jobs. The Labor Department revised its estimate for Q3 productivity growth up to an annual rate of 2.9% from its initial estimate of 1.9%. Labor costs in the quarter dropped at a rate of 1.9%, which was more than the 0.1% dip initially estimated. Factory orders rose 0.8% in October, versus expectations for them to be flat, and the ISM non-manufacturing PMI rose to 54.7, versus expectations for it to slip to 53.5. In China, stocks bounced back from multi year lows as the government allowed insurers to invest more in banks and its new leaders made comments that were viewed favorably... COMPANY NEWS: In a bold step by its new CEO, Citigroup (C) announced it will cut about 4% of its workforce, or 11,000 jobs, with about 6,200 coming from its consumer banking unit and about 1,900 coming from the institutional clients group, which includes investment banking. Citi sees pre-tax charges of around $1B in Q4 due to the restructuring but expects the cuts to save $900M next year and slightly more after that. Citi shares jumped nearly 6% following the news... In a huge deal that takes Freeport McMoRan (FCX) from being a metals pure play and back to its roots as a diversified commodities producer, the company agreed to repurchase McMoRan Exploration (MMR) for $14.75 per share in cash and to acquire Plains Exploration (PXP) for $6.9B in cash and stock. Following the news, which was broken last night by Financial Times, shares of Freeport plunged 13%, while McMoRan Exploration surged 82% and Plains jumped 26%.. MAJOR MOVERS: Among the notable gainers were Cobalt International Energy (CIE), up nearly 15% after announcing a Gulf of Mexico discovery in partnership with Total (TOT), and SuperValu (SVU), up over 9% following a report that the company may be close to selling its two biggest grocery chains to a private equity firm. Among the noteworthy losers were Mattress Firm (MFRM), down 21%, and Pandora (P), down 17% following their quarterly reports... INDICES: Near noon, the Dow was up 104.41, or 0.81%, to 13,056.19; the Nasdaq was down 12.63, or 0.42%, to 2,984.06; and the S&P 500 was up 4.66, or 0.33%, to 1,411.71.
News For C;FCX;MMR;PXP;AAPL;FB;BAC;TRV;JPM;CIE;TOT;SVU;MFRM;P From The Last 14 Days
Check below for free stories on C;FCX;MMR;PXP;AAPL;FB;BAC;TRV;JPM;CIE;TOT;SVU;MFRM;P the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | all recent news | >>
September 7, 2014
14:24 EDTFBFacebook CEO ready to spend billions to spread internet access, Bloomberg says
Subscribe for More Information
14:10 EDTAAPLApple hires 'renowned' industrial designer Marc Newson, Bloomberg says
Apple has hired "renowned" industrial designer Marc Newson to work on future products, says Bloomberg. Newson will work on the small secretive Apple team that work on designs that give the company's products their physical look and feel, added Bloomberg. Reference Link
13:40 EDTAAPLApple looks to focus on health with unveiling of smartwatch, WSJ says
Subscribe for More Information
September 5, 2014
16:45 EDTMFRM, AAPLMarket ends week little changed after mixed economic data
Subscribe for More Information
16:01 EDTAAPL, BACOptions Update; September 5, 2014
Subscribe for More Information
12:03 EDTAAPLAvago climbs after Citi predicts surge in iPhone components
Subscribe for More Information
11:51 EDTFBStocks with call strike movement; VALE FB
Subscribe for More Information
11:32 EDTAAPLApple, Google, Adobe appeal court's rejection of hiring settlement, Reuters says
Subscribe for More Information
09:38 EDTCIECobalt management to meet with Deutsche Bank
Subscribe for More Information
09:35 EDTFB, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA YHOO WFM SLW ABX GOOG FB BIDU
09:06 EDTBAC, JPM, CCFTC concerned about banks shifting trading operations overseas, WSJ says
Subscribe for More Information
08:22 EDTAAPLNVIDIA lawsuits likely to have positive outcome, says JMP Securities
After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities thinks there is a good chance that NVIDIA will obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC),. The firm thinks that other companies, most notably Apple (AAPL), will launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommends buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm is upbeat about NVIDIA's new products and reiterates an Outperform rating.
07:30 EDTAAPLApple iWallet would be positive for payment networks, says JPMorgan
Subscribe for More Information
07:26 EDTC, AAPL, JPM, BACApple strikes transaction fee discount deals, Bank Innovation says
Apple (AAPL) has reached deals with American Express (AXP), JPMorgan (JPM), Citigroup (C), Capital One (COF), and Bank of America (BAC) to lower card transaction fees for its soon to be launched payments venture, said Bank Innovations, citing an earlier report from Tom Noyes and confirmation by its own sources. Apple has both convinced them to consider its transactions as “card present,” which carries a lower discount rate, and has also managed to bump down the actual “card present” rate by 15 to 25 basis points, according to people with knowledge of the matter, the report noted. Reference Link
07:06 EDTFBFacebook rolls out three-step privacy check up to all users, WSJ reports
Subscribe for More Information
07:05 EDTAAPLApple shares could work going forward, says RBC Capital
Subscribe for More Information
06:29 EDTAAPL$30 to be competitive price for sapphire covers in 2015, DigiTimes Research says
Subscribe for More Information
06:27 EDTJPMHealthCare.gov insurance site breached by hacker in July, WSJ reports
Subscribe for More Information
06:20 EDTAAPLApple plans to warn users of attempts to hack iCloud, WSJ reports
Subscribe for More Information
06:15 EDTAAPLAvago price target raised to $100 from $90 at Citigroup
Citigroup raised its price target for Avago (AVGO) shares to $100 citing increased confidence in the company's wireless content gains after meeting with management. Citi believes Avago will likely double its dollar content in Apple's (AAPL) iPhone 6 when compared to the iPhone 5S. The firm reiterates a Buy rating on Avago, calling the stock its top specialty semi pick. The stock closed yesterday up 70c to $86.09.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | all recent news | >>

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