New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
October 4, 2012
12:24 EDTCOST, NUVA, CX, VRNG, FB, GOOG, BKE, ROST, KSS, APP, GPS, TGT, INFAOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after initial jobless claims stayed below 370K for another week. The market opened slightly higher and drifted in positive territory during the early hours of trading. The market reached its highs near the time the headline number for factory orders showed a decline of more than 5% for the month. When transportation items were removed from the data, orders managed to show a slight increase. The market briefly reached new five year highs but then backed off and the averages have been drifting near noon... ECONOMIC EVENTS: In the U.S., jobless claims rose 4,000 to 367,000 in the week ended September 29, versus expectations for 370,000 claims. The Challenger job cuts report showed job cuts were roughly 70% lower than in the same period a year ago. Factory orders were down 5.2% in August, versus expectations for a decrease of 5.9%. In Europe, the Bank of England left its interest rates and stimulus unchanged and the European Central Bank left its benchmark rate unchanged as well. In his post announcement press conference, ECB president Mario Draghi refused to comment directly on the chances Spain was on the verge of a bailout, but said the ECB's Outright Monetary Transactions bond buying program could act quickly if a country asks for help... COMPANY NEWS: Numerous retailers reported September same-store sales figures, with a number of discount and specialty-apparel chains topping analysts’ estimates and some department stores trailing projections. Stocks advancing after the reports included Costco (COST), Target (TGT), Gap (GPS) and American Apparel (APP), while decliners included Kohl's (KSS), Ross Stores (ROST) and The Buckle (BKE)... Google (GOOG) said it is expanding its plan to cut jobs from its Motorola Mobility unit and will take $340M in related charges in Q3... Facebook (FB) now has 1B active users, CEO Mark Zuckerberg announced in a statement on its Web site... MAJOR MOVERS: Among the notable gainers was Vringo (VRNG), which extended yesterday's gains to rise another 20% the day after a federal judge ordered the company and Google to engage in patent litigation settlement talks. Also higher were shares of CEMEX (CX), which rose nearly 5% after it said that it expects its Q3 net sales to grow about 3% when adjusted for currency fluctuations. Among the noteworthy losers was NuVasive (NUVA), which fell over 32% following at least seven downgrades of its stock after the company lowered its outlook for Q3. Also lower was Informatica (INFA), down 26% following downgrades at Oppenheimer and Evercore after the company's Q3 outlook missed expectations... INDICES: Near noon, the Dow was up 84.98, or 0.63%, to 13,579.59; the Nasdaq was up 7.33, or 0.23%, to 3,142.56; and the S&P 500 was up 8.98, or 0.62%, to 1,459.97.
News For COST;TGT;GPS;APP;KSS;ROST;BKE;GOOG;FB;VRNG;CX;NUVA;INFA From The Last 14 Days
Check below for free stories on COST;TGT;GPS;APP;KSS;ROST;BKE;GOOG;FB;VRNG;CX;NUVA;INFA 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 | all recent news | >>
July 9, 2014
20:03 EDTAPPInvestigation into ousted American Apparel CEO to end soon, Reuters reports
The investigation into the conduct of American Apparel's ousted CEO Dov Charney will end in "another week or two," according to Reuters, citing a source close to the matter. The source said that FTI Consulting will submit its findings to a special committee for review, and the special committee will decide whether Charney may return as an employee. The source also said that American Apparel plans to appoint a new interim CEO in the "next few weeks if not sooner." Reference Link
16:36 EDTAPPAmerican Apparel enters Support Agreement with Standard General
In a regulatory filing, American Apparel, entered into a Nomination, Standstill and Support Agreement with Standard General, or SG, Standard General Master Fund L.P., P Standard General Ltd. and Dov Charney. The Support Agreement relates to, among other things, the composition of the company’s board, the provision by SG of financial support to the company in an aggregate amount up to $25M, and the creation of a special committee of the board to oversee the SG The Standard General Group also agreed to certain standstill and voting limitations and SG affirmed its commitment to the company’s core values, including the company’s sweatshop-free, “Made in the USA” manufacturing philosophy and maintaining the company’s manufacturing headquarters in Los Angeles, CA. Other key points of the agreement include: A reconstitution of the company’s board in which five of the current seven members, including Charney, will voluntarily step down. The departing directors will be replaced by two new directors, chosen jointly by SG and the current board, and three new directors designated by SG. All but one of the new directors are expected to be independent directors and unaffiliated with either SG or Charney. The board will continue to be led by its current co-chairmen, David Danziger and Allan Mayer. Mr. Charney will not serve as a board member or be nominated by the company or SG as a board member. A continuation of the ongoing investigation into Charney’s alleged misconduct overseen by a newly appointed, independent board committee. Charney will serve as strategic consultant until the end of the investigation. Based on the findings of the investigation, the committee will determine if it is appropriate for Charney to serve as CEO or an officer or employee of American Apparel. Adoption of a standstill agreement through the company’s 2015 annual meeting that, among other things, prohibits SG and Charney from acquiring any additional shares in American Apparel and limits their vote to no more than one third of the company’s shares on any issue put to stockholders; their remaining shares would be voted proportionately to the vote of other stockholders.
16:13 EDTGOOGZynga appoints Google executive Dugan to board
Subscribe for More Information
16:01 EDTGOOG, FBOptions Update; July 9, 2014
Subscribe for More Information
15:06 EDTGOOGGoogle, Canon, SAP among members of new cooperative patent-licensing group
Subscribe for More Information
14:45 EDTGOOGTime Warner says no truth to rumor of M&A talks with Google, WSJ reporter says
Subscribe for More Information
12:52 EDTGOOGGasparino says hearing 'buzz' of Google buying Time Warner
Charles Gasparino of Fox Business tweeted ahead of the Sun Valley conference, "I'm now hearing more Google buying time warner buzz than any other company will advise once I get to #sunvalley." Shares of Time Warner are at their highs of the day, up 81c to $71.56.
11:00 EDTGOOGWells says VMware growth could slow, downgrades shares
Subscribe for More Information
10:56 EDTFBEU questions rivals about Facebook's proposed WhatsApp buy, WSJ reports
Subscribe for More Information
09:59 EDTFBFacebook downgraded to Neutral from Buy at Tigress Financial
09:35 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AA FB AMZN TSLA TWTR MU NFLX GG CELG
09:32 EDTAPPAmerican Apparel, Standard General said to reach $25M deal, NY Times reports
Subscribe for More Information
08:43 EDTAPPAmerican Apparel said to reach $25M deal with Standard General, Bloomberg says
Subscribe for More Information
08:31 EDTGOOGVMware CEO sees EMC helping it remain independent, WSJ reports
Subscribe for More Information
07:45 EDTCOSTCostco selling Apple products again, says Jefferies
Jefferies says that starting in late June, Costco (COST) began selling Apple (AAPL) products in stores and online again, after not carrying the brand since 2010. The firm thinks the move will help Costco's weaker performing Consumer Electronics category. Jefferies expects Costco to report a June comp store sales increase of 5%-6% and keeps a Hold rating on the stock.
07:00 EDTAPPAmerican Apparel ex-CEO loses support of some workers, Reuters says
Dethroned American Apparel CEO Dov Charney supported employees in the clothing industry with his view in favor of immigration rights and target to keep jobs in the U.S., but some workers are backing the board's decision to fire the former CEO, according to Reuters, citing comments from some of the retailer's employees. Reference Link
06:59 EDTGOOGYelp formally opposed the EU's antitrust settlement with Google, NY Times says
Subscribe for More Information
06:34 EDTGOOGFake document hits federal court in hiring case against tech giants, WSJ says
Subscribe for More Information
06:31 EDTGOOGFTC may probe Google over child app purchases, Politico says
After the Federal Trade Commission cracked down on apps previously available on Apple (AAPL) devices that let children spend money without their parents' permission, Apple told the FTC that similar apps are available on Google's (GOOG) app store, according to Politico. As a result, the FTC may investigate Google over this issue, Politico stated. Reference Link
06:24 EDTGOOGGoogle Cloud Storage offering 2 TB of free storage through partner, WSJ reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 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