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Stock Market & Financial Investment News

News Breaks
May 2, 2012
17:26 EDTTRIP, BKS, TGT, TWX, OPEN, MCHP, AAPL, CHK, CMCSA, END, SMSC, AMZN, CBSOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, as generally good earnings reports were dampened by a weak private-sector jobs report. Stock futures traded slightly lower this morning ahead of the ADP employment change report. The report, which measures U.S. service sector jobs, missed expectations, precipitating a sell-off in futures and a lower open for the broader market. The market hit its low point about an hour into the session, with averages subsequently beginning to trade with an upward drift. The indices turned mixed around midday, with the Nasdaq crossing into positive territory after noon. From there, the averages continued to limp along in what was a lackluster session… ECONOMIC EVENTS: In the U.S., ADP said that 119,000 private-sector jobs were added in April, missing expectations for 170,000 job additions. Factory orders declined 1.5% in March, versus expectations of a 1.6% drop. In Europe, two pieces of disappointing data were reported: unemployment rose to 10.9% in the shared-currency bloc, and the eurozone's manufacturing sector contracted, with the manufacturing PMI for the region falling to 45.9 in April from 47.7 in March… COMPANY NEWS: A number of media companies reported better than expected results on both the top and bottom lines, including Comcast (CMCSA), Time Warner (TWX) and CBS (CBS), but only CBS saw its shares move up following its announcement. CBS shares gained 2.30%, while Comcast fell 0.60% and Time Warner moved 1.66% lower... Chesapeake (CHK) fell 14.59% after its earnings missed consensus and Reuters reported on new potential conflicts of interests for its CEO Aubrey McClendon… Target (TGT) has announced it will stop selling Amazon’s (AMZN) Kindle while continuing to offer similar products from Apple (AAPL) and Barnes & Noble (BKS)… MAJOR MOVERS: Among the notable gainers were Standard Microsystems (SMSC), up $10.19, or 38.83%, to $36.43, on news it will be acquired by Microchip Technology (MCHP) for $37 per share in cash, and TripAdvisor (TRIP), up $6.10, or 16.70%, to $42.63, following a better-than-expected Q1 earnings report. Noteworthy losers included Endeavour International (END), down $3.05, or 23.79%, to $9.77, as its Q1 net loss widened on poor natural gas sales in the U.K. and falling gas prices, and OpenTable (OPEN), down $6.56, or 15.02%, to $37.12, after the company missed on revenues and lowered its Q2 EPS and revenue guidance… INDICES: The Dow lost $10.75, or 0.08%, to $13,268.57; the Nasdaq rose $9.41, or 0.31%, to $3,059.85; and the S&P 500 dropped $3.51, or 0.25%, to $1,402.31.
News For CMCSA;TWX;CBS;CHK;TGT;AMZN;AAPL;BKS;SMSC;MCHP;TRIP;END;OPEN From The Last 14 Days
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February 18, 2015
06:45 EDTAAPLApple Watch launching without health monitoring functions, WSJ says
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06:33 EDTCMCSAJAKKS Pacific signs licensing agreement for Universal Pictures franchise
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06:20 EDTAAPLApple awarded patent for wireless head-mounted display, Financial Times reports
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February 17, 2015
17:43 EDTCHKAmerican Energy - Utica responds to Chesapeake lawsuit
American Energy – Utica, LLC, or AEU, and The Energy & Minerals Group, or EMG, responded to a meritless lawsuit commenced against AEU by Chesapeake Energy. Chesapeake has erroneously included AEU and certain yet to be named investors in a lawsuit it filed today against certain entities owned or controlled by Aubrey McClendon including American Energy Partners, LP, based on a dispute it has with McClendon in which Chesapeake alleges McClendon misappropriated certain Chesapeake trade secrets upon his separation from Chesapeake in 2013. Chesapeake clearly does not understand the ownership or structure of AEU, which is controlled by EMG, and Chesapeake has made no attempt to understand the ownership structure prior to carelessly and erroneously naming AEU as a party to its lawsuit. The allegations in the Chesapeake lawsuit against AEU are meritless given that all information used by AEU in connection with the acquisition of its assets was either publicly available, provided by the sellers of those assets or independently developed by The Energy & Minerals Group or W.D. Von Gonten & Co., a widely regarded independent petroleum engineering and geological firm with whom EMG has a long standing relationship. EMG is the largest equity investor in AEU followed by First Reserve. Both EMG and FR have been involved with AEU since the initial acquisition of its assets in October, 2013 yet neither was contacted by Chesapeake prior to the filing of this lawsuit. AEU will immediately respond to and vigorously defend this lawsuit and expects to be removed as a defendant as quickly as possible. Additionally, AEU and EMG intend to bring any and all appropriate counterclaims against Chesapeake for the filing of such a meritless case without conducting any reasonable investigation into the factual and legal basis for the claim and for any damages that are incurred by any of such parties as a result.
17:02 EDTAAPLSoros Fund Management gives quarterly update on stakes
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16:22 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAMZN, AAPLOptions Update; February 17, 2015
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13:18 EDTAAPL, TWXOmega Advisors gives quarterly update on stakes
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12:56 EDTCMCSA, CBSDecline of TV viewing accelerated, NY Post reports
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12:50 EDTAAPLOn The Fly: Midday Wrap
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11:24 EDTCHKMcClendon, American Energy say Chesapeake lawsuit 'baseless'
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10:41 EDTCHKChesapeake files suit against founder McClendon, Reuters reports
Chesapeake Energy filed suit today alleging that its founder and former CEO, Aubrey McClendon, "misappropriated highly sensitive trade secrets" in order to launch his new venture American Energy Partners, Reuters reports. Reference Link
10:31 EDTAAPLApple rises as analysts applaud reported auto ambitions
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09:40 EDTAMZN, AAPLActive equity options trading on open
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07:32 EDTAAPLApple asking suppliers to make 5M-6M Apple Watches in Q1, WSJ says
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07:28 EDTAAPLApple design chief working on store redesign ahead of Watch, New Yorker says
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07:22 EDTAAPLMitsubishi UFJ to hold a tour
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07:15 EDTAAPLApple foray into autos would be logical, says Barclays
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07:15 EDTCMCSA'Fifty Shades' opens to $94.4M, WSJ says
Comcast (CMCSA, CMCSK) subsidiary Universal's "Fifty Shades of Grey" earned roughly $94.4M in its opening weekend, reports the Wall Street Journal. The film earned an additional $172M overseas. Fox' (FOX, FOX.A) "Kingsman: The Secret Service" debuted in second place with $42M, and Viacom (VIA, VIA.B) subsidiary Paramount's "SpongeBob SquarePants: Sponge Out of Water" took $40M in its second week. Reference Link
07:08 EDTAAPLAuto market could be meaningful for Apple, says Cantor
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