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News Breaks | | | | May 2, 2012 | | 12:58 EDT |  | NOK, RIMM, RATE, ASNA, CHRS, MCHP, SMSC, CHK, OPEN, RRD, AGN, AGP, TRIP, CVS, CBS, TWX, CMCSA | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, following disappointing jobs data at home and abroad. The market began the session in the red following worse than expected data from the ADP employment change report. The market hit its lows shortly after the open and has moved in narrow range since, but has trended higher in the last hour. The move higher came after a slightly better than expected factory orders report and an energy inventories report that showed a larger draw down of gas and distillate supplies than were forecast... 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, its highest level since the euro's launch in 1999, and the eurozone's manufacturing sector contracted at the sharpest pace in almost three years, with the manufacturing PMI for the region falling to 45.9 in April from 47.7 in March. In China, HSBC's "flash" PMI manufacturing survey improved to 49.3 from 48.3 in the prior reading... 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 more than 3%, while Comcast fell 1.5% and Time Warned moved almost 2% lower... Among other companies reporting earnings, advancers included CVS Caremark (CVS), TripAdvisor (TRIP) and Amerigroup (AGP); decliners included Allergan (AGN), R.R. Donnelley (RRD) and OpenTable (OPEN)... Chesapeake (CHK) gave up all of the 8% in gains it realized yesterday and then some, falling about 13% after its earnings missed consensus and Reuters reported on new potential conflicts of interests for its CEO Aubrey McClendon... MAJOR MOVERS: Among the notable gainers were Standard Microsystems (SMSC), up 38%, on news it will be acquired by Microchip Technology (MCHP) for $37 per share in cash, and both Charming Shoppes (CHRS), up over 23%, and Ascena Retail Group (ASNA), up almost 11%, after the companies announced plans for Ascena to acquire Charming. Noteworthy losers included Bankrate (RATE), down 12%, following its earnings report, and Research in Motion (RIMM), down almost 5%, as investors continue to react negatively to the company's new product announcements and Nokia (NOK) sued RIM and others in the U.S. and Germany on accusations of patent infringement... INDICES: Near noon, the Dow was down 47.38, or 0.36%, to 13,231.94; the Nasdaq was down 1.63, or 0.05%, to 3,048.81; and the S&P 500 was down 6.69, or 0.48%, to 1,399.13. | |
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News For CMCSA;TWX;CBS;CVS;TRIP;AGP;AGN;RRD;OPEN;CHK;SMSC;MCHP;CHRS;ASNA;RATE;RIMM;NOK From The Last 14 Days Check below for free stories on CMCSA;TWX;CBS;CVS;TRIP;AGP;AGN;RRD;OPEN;CHK;SMSC;MCHP;CHRS;ASNA;RATE;RIMM;NOK the last two weeks. |
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| May 23, 2013 | | 10:17 EDT |  | NOK | Nokia Siemens Networks, Intel sign collaboration MoU
Nokia Siemens Networks (NOK, SI) and Intel (INTC) announced they signed a Memorandum of Understanding to collaborate around the development of Liquid Applications, an approach to accelerate the delivery of media-rich services and content directly from the base station. The intent of the collaboration is to accelerate development of an enhanced mobile broadband experience that gives operators new revenue and differentiation opportunities. Nokia Siemens Networks and Intel will collaborate in the creation of a mobile edge computing ecosystem, focusing on over-the-top content providers, independent software vendors and application service providers. The parties will also explore new business models between mobile operators and other ecosystem players, they said. | | | 06:03 EDT |  | CHK | Chesapeake implied volatility at lower end of index mean range
 Subscribe for More Information | | | May 22, 2013 | | 10:00 EDT |  | CHK | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 07:30 EDT |  | CHK | UBS to host a conference
Subscribe for More Information | | | 07:29 EDT |  | CMCSA | Xbox won't hurt pay TV companies in near-term, AllThingsD says
Subscribe for More Information | | | 07:24 EDT | | CMCSA | NetEvents International to host a summit
Subscribe for More Information | | | 07:24 EDT | | CHK | Chesapeake upgraded to Positive from Neutral at Susquehanna
Susquehanna upgraded Chesapeake based on increased oil and gas forecasts and re-branding initiatives by new CEO Doug Lawler. Price target raised to $26 from $23. | | | 06:18 EDT |  | RRD | R.R. Donnelley price target raised to $15 from $13 at Benchmark Co.
Benchmark Co. raised its estimates and price target for R.R. Donnelley citing the company's better than expected Q1 results and maintains a Buy rating on the stock. | | | May 21, 2013 | | 06:52 EDT | | CMCSA | Video on demand from cable companies becoming more popular, NY Times says
Subscribe for More Information | | | May 20, 2013 | | 13:45 EDT | | CMCSA | Comcast's NBC names new news president
Subscribe for More Information | | | | 13:01 EDT | | TRIP | Priceline.com rises after analyst ups rating to Buy
Subscribe for More Information | | | 07:32 EDT | | NOK | Society for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24. | | | 07:05 EDT | | CHK | Chesapeake names Anadarko's Lawler as CEO
Subscribe for More Information | | | 07:04 EDT | | CHK | Chesapeake names Robert Douglas Lawler as CEO
Subscribe for More Information | | | 05:51 EDT | | TRIP | priceline.com upgraded to Buy from Hold at Deutsche Bank
Subscribe for More Information | | | May 19, 2013 | | 13:00 EDT | | CHK | Energy Departmant authorizes second proposed facility to export LNG
The Energy Department announced on Friday that it has conditionally authorized Freeport LNG Expansion, and FLNG Liquefaction, Freeport, to export domestically produced liquefied natural gas, LNG, to countries that do not have a Free Trade Agreement, FTA, with the United States from the Freeport LNG Terminal on Quintana Island, Texas. Freeport previously received approval to export LNG from this facility to FTA countries on February 10, 2011. Subject to environmental review and final regulatory approval, the facility is conditionally authorized to export at a rate of up to 1.4 billion cubic feet of natural gas a day, Bcf/d, for a period of 20 years. The Department granted the first authorization to export LNG to non-FTA countries in May 2011 for the Sabine Pass LNG Terminal in Cameron Parish, Louisiana at a rate of up to 2.2 Bcf/d. Reference Link | | | May 17, 2013 | | 15:51 EDT | | CMCSA | DirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link | | | 15:26 EDT | | CMCSA | DirecTV considering acquisition of Hulu, Dow Jones reports
Subscribe for More Information | | | May 16, 2013 | | 12:33 EDT | | CHK | Chesapeake volatility at 29-month lows
Subscribe for More Information | | | 10:03 EDT |  | CHK | On The Fly: Analyst Downgrade Summary
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