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Stock Market & Financial Investment News

News Breaks
May 10, 2012
12:11 EDTSGI, WIN, PCLN, SNE, KERX, PANL, INSP, NWSA, WFR, TSLA, KSS, MNST, CSCOOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Dow higher in spite of a steep decline in shares of Cisco (CSCO) following its earning report and guidance. Stock futures rallied into positive territory during the pre-market trading session, with the move solidified by the in line jobless claims data and a rally in stock markets in Europe. U.S. equities opened higher but met resistance in the early going. The failure to push through some technical levels saw the market lose some of its steam. The averages have been generally mixed since about an hour into trading, with the Dow and S&P higher and the Nasdaq in negative territory... ECONOMIC EVENTS: In the U.S., 367,000 initial jobless claims were reported, which was basically in line with last week's figure and with consensus estimates. The U.S. trade deficit grew 14.1% to $51.83B in March, versus estimates of $50.0B. U.S. imports grew 5.2%, the biggest gain since January 2011, while U.S. exports rose 2.9% to a record $186.8B. Also, import prices decreased 0.5%, versus the expected decrease of 0.2%. In Europe, the Bank of England left its benchmark interest rate at 0.5%, as expected, and did not increase its plans for asset purchases. In China, foreign trade growth in April disappointed as exports rose only 4.9% from a year earlier, down from 8.9% in March... COMPANY NEWS: Dow component Cisco reported quarterly earnings and revenue that just beat consensus views but forecast earnings in the coming quarter below the Street's expectations. The company's pessimistic view on challenges in Europe and weakness in India resonated with investors and the stock slid nearly 10%... News Corp. (NWSA) shares gained about 5% after the company reported revenue and profit that beat expectations and it raised its stock repurchase program by $5B to $10B... Sony (SNE) projected it will swing back to profit this fiscal year on a recovery in its consumer electronics and component businesses, giving its shares a 1% boost... Among others reporting earnings, advancers included Monster Beverage (MNST) and InfoSpace (INSP); decliners included Priceline.com (PCLN), Kohl's (KSS), Universal Display (PANL) and Windstream (WIN)... MAJOR MOVERS: Among the notable gainers were Tesla Motors (TSLA), up nearly 12%, after it reported quarterly sales and losses that were worse than expected but also increased the low end of its full year revenue guidance, and Keryx Biopharmaceuticals (KERX), up more than 16%, following upgrades to Buy ratings at Ladenburg and Roth Capital, which both cited the company's Zerenex program. Noteworthy losers included Silicon Graphics (SGI), down over 27%, after projecting losses for next quarter and for the year, and MEMC Electronic (WFR), down 20%, following its report of quarterly losses that were steeper than expected... INDICES: Near noon, the Dow was up 26.83, or 0.21%, to 12,861.89; the Nasdaq was down 11.13, or 0.38%, to 2,923.58; and the S&P 500 was up 2.76, or 0.20%, to 1,357.34.
News For CSCO;NWSA;SNE;MNST;INSP;PCLN;KSS;PANL;WIN;TSLA;KERX;SGI;WFR From The Last 14 Days
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December 4, 2014
07:41 EDTKERXKeryx issued new U.S. patent for Auryxia
Keryx Biopharmaceuticals announced that the U.S. Patent and Trademark Office issued U.S. Patent No. 8,901,349 on December 2. The patent, which expires in 2024, claims a method of treating hyperphosphatemia comprising administering a therapeutically effective amount of an orally administrable form of ferric citrate to a subject, wherein the orally administrable form is prepared from a ferric citrate having a BET active surface area greater than about 16 sq. m/g. The patent also claims a broad category of orally administrable forms covering Auryxia, as well as other oral formulations that could be developed in the future. On September 5, Auryxia was approved by the FDA for the control of serum phosphorus levels in patients with chronic kidney disease on dialysis. This newly issued patent further enhances the company's key patent family, which includes U.S. Patent Nos. 7,767,851, 8,299,298, 8,338,642, 8,609,896, 8,754,257, 8,754,258, and 8,846,976 which expire in 2024, and U.S. Patent No. 8,093,423, which expires in 2026, before patent term extension. Each of these patents contains composition and method of use claims covering Auryxia.
07:17 EDTCSCOFBR Capital to hold a bus tour
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06:48 EDTSNESony denies North Korea identified as source of hack, NY Times says
Sony's (SNE) Sony Pictures unit said Re/code's report which stated that North Korea had been identified as the source of the cyber attack on the unit was not accurate, according to The New York Times. Sony Pictures and the FBI are continuing to identify the incident, the newspaper added. Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
06:18 EDTSNESony denies it will name North Korea as culprit of security breach, AP reports
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06:15 EDTSNESony: Sales of smart bracelets in Taiwan to fall short in 2014, DigiTimes says
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December 3, 2014
16:00 EDTTSLAOptions Update; December 3, 2014
iPath S&P 500 VIX Short-Term Futures down 45c to 26.52. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX C GILD RIG ABX according to Track Data.
13:50 EDTTSLATesla comes out on top in satisfaction survey, Bloomberg says
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13:36 EDTMNSTMonster Beverage drops, bounces, levels to watch
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13:23 EDTSNESony to name North Korea as source of hack, Re/code reports
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13:18 EDTMNSTMonster Beverage drops to lows, down 2% to $106.95
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11:07 EDTCSCOARRIS edges out Cisco on NBN HFC deal, Business Spectator says
ARRIS Group (ARRS) is said to have edged out Cisco (CSCO) on NBN HFC deal, says Business Spectator, citing sources. ARRIS is said to be delivering the cable modem termination systems or CMTS to NBN Co for the HFC component of the National Broadband Network, added the Business Spectator. Reference Link
10:31 EDTTSLAAudi looks to introduce electric crossover to challenge Tesla, Bloomberg says
Audi, a Volkswagen (VLKAY) unit, is planning a mainstream electric-powered crossover vehicle to compete with Tesla, says Bloomberg. The car company will introduce the vehicle, which is aimed at wealthy, environmentally conscious consumers, in 2017, added Bloomberg. Reference Link
09:35 EDTTSLAActive equity options trading
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08:47 EDTTSLATesla momentum may be slowed by sliding gas prices, WSJ says
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08:16 EDTNWSADiscovery, Foxtel make A$0.23 per share bid for Ten Network, AFR reports
Discovery Communications (DISCA) and Foxtel, which is jointly owned by News Corp. (NWSA) and Telstra, have made a conditional takeover bid of A$0.23 per share for Ten Network, reported the Australian Financial Review. Reference Link
07:20 EDTCSCOThe Economist to hold a summit
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07:14 EDTPCLN, NWSABusiness Insider to hold a conference
Business Insider IGNITION 2014 Conference is being held in New York on December 1-3 with webcasted company presentations to begin on December 3 at 8 am; not all company presentations may be webcasted. Webcast Link
07:12 EDTCSCOMerge Healthcare partners with Cisco in Kingdom of Jordan
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06:59 EDTSNESony offers data monitoring to workers following security breach, WSJ reports
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06:20 EDTSNE2015 PS4, Xbox One shipments estimated at 14M, 11M respectively, DigiTimes says
Sony (SNE) is expected to ship 14M PlayStation 4 consoles to reach cumulative shipments of 31.5M units and Microsoft (MSFT) is expected to ship 11M Xbox One consoles to reach cumulative shipments of 23.7M units in 2015, reports DigiTimes Research. Nintendo's (NTDOY) Wii U shipments in 2015 will be 2M units to reach cumulative shipments of 10.29M. Reference Link
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