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News Breaks | | | | December 3, 2012 | | 16:19 EDT |  | HMA, DELL, GM, F, QIHU, SVU, QLGC | On The Fly: Closing Wrap
Stocks on Wall Street finished lower as some mixed economic data from the U.S. and abroad tempered investor enthusiasm. After a moderately higher open, fueled by positive news from China, the market drifted steadily lower through the session. Late day reports broke of a counter-offer being made by House Republicans regarding the fiscal cliff, though the news didn't move the averages as sharply as similar news has in recent days... ECONOMIC EVENTS: In the U.S., the ISM November manufacturing purchasing managers’ index, or PMI, slid to 49.5, reflecting contraction, versus expectations for a 51.4 reading. Construction spending for the month of October increased 1.4%, versus an expected 0.5% rise. In Asia, the final reading of the HSBC China manufacturing PMI for November rose to 50.5 and a similar survey from the Chinese National Bureau of Statistics rose to a seven-month high of 50.6. In Europe, manufacturing activity contracted again but at a slower pace, as Markit's final November euro-zone PMI rose to 46.2 from 45.4 in October... COMPANY NEWS: Dell (DELL) shares opened sharply higher after Goldman upgraded the stock two notches, from Sell to Buy, though shares lost a little steam during the session. Dell finished the day up 42c, or 4.36%, to $10.06... November auto sales rose to what may be their highest annualized rate since February 2008, though General Motors' (GM) 3.4% increase missed expectations. Meanwhile, Ford's (F) November sales rose a better than expected 6.5%... MAJOR MOVERS: Among the notable gainers was Qihoo 360 (QIHU), up $2.45, or 9.80%, to $27.44 after Stifel Nicolaus said the company launched a music and a map vertical search engine. Also higher were shares of Supervalu (SVU), up 30c, or 12.61%, to $2.68 after a weekend report from the Wall Street Journal said Cerberus Capital would explore multiple options in its bid for the company. Among noteworthy losers was QLogic (QLGC), down 73c, or 7.70%, to $8.75 after the stock was downgraded to Sell from Neutral at Goldman. Also lower were shares of Health Management (HMA), down 45c, or 5.66%, to $7.50 after a negative mention in a "60 Minutes" report and a downgrade at CRT Capital, though the stock was defended or recommended by at least four other firms... INDICES: The Dow was down 59.98, or 0.46%, to 12,965.60; the Nasdaq was down 8.04, or 0.27%, to 3,002.20; and the S&P 500 was down 6.72, or 0.47%, to 1,409.46. | |
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News For DELL;GM;F;QIHU;SVU;QLGC;HMA From The Last 14 Days Check below for free stories on DELL;GM;F;QIHU;SVU;QLGC;HMA the last two weeks. |
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| June 18, 2013 | | 17:16 EDT |  | DELL | Dell special committee responds to Carl Icahn's latest proposal
 Subscribe for More Information | | | 16:20 EDT | | DELL | Southeastern says Icahn in best position to lead alternative Dell transaction
In a regulatory filing Southeastern Asset Management stated: "Southeastern Asset Management continues to believe that the Michael Dell / Silver Lake management buyout proposal undervalues the company and its prospects going forward. Southeastern and Icahn Associates have been working diligently to provide a better alternative for shareholders.Southeastern has determined that Icahn is in the best position to lead the development of an alternative transaction and to generate a better outcome for shareholders. Southeastern has therefore agreed to sell approximately 72,010,328 shares to Icahn, making Icahn the largest outside shareholder of Dell. Southeastern intends to vote its approximately 72,010,328 remaining shares of Dell stock against the $13.65 Michael Dell / Silver Lake management buyout proposal. Furthermore, Southeastern intends to vote its shares at Dell’s Annual Meeting in favor of the slate of highly qualified director candidates it and Icahn submitted to the Company. Icahn has Southeastern’s full support as it leads the proxy fight in the interest of all shareholders against the undervalued management buyout proposal. Southeastern will continue to participate in the proxy contest with Icahn to defeat the Michael Dell / Silver Lake management buyout proposal." | | | 16:06 EDT | | DELL | Icahn reports 8.68% stake in Dell
| | | 12:49 EDT | | DELL | Icahn proposes Dell engage in $14 per share tender offer
Subscribe for More Information | | | 12:32 EDT | | DELL | Icahn says bought 72M Dell shares from Southeastern
Subscribe for More Information | | | 12:28 EDT | | DELL | Icahn proposes Dell commence tender offer for 1.1B shares at $14
Subscribe for More Information | | | 12:27 EDT | | DELL | Icahn issues letter to Dell holders, proposes $14/share tender offer
Subscribe for More Information | | | 10:54 EDT |  | F | European auto sales decline to 20 year low, Reuters says
European car sales decreased in May to their lowest level for the month in 20 years, says Reuters. Data from the Association of European Carmakers showed Germany, France and Italy, suffered almost double-digit percentage declines in May, Reuters added. Reference Link | | | 09:45 EDT | | HMA | Health Management buyers worried about issues, CNBC reports
Subscribe for More Information | | | 09:30 EDT | | DELL | Dell tells holders $13.65/share offer 'superior to any alternative'
Subscribe for More Information | | | | 07:42 EDT |  | DELL | O'Reilly Media to hold a conference
Subscribe for More Information | | | 07:13 EDT | | GM | European car sales at 20 year low, Bloomberg reports
European car sales fell to a two decade low in May as rising joblessness caused by a recession in the euro region reduced demand at Peugeot (PEUGY), Renault and GM (GM), reports Bloomberg.Reference Link | | | 06:01 EDT | | GM | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | June 17, 2013 | | 14:05 EDT | | GM | GM may benefit from lease expirations this year, Automotive News says
Subscribe for More Information | | | 11:10 EDT |  | GM | Sierra Wireless is likely beneficiary General Motors vehicle connectivity, says Avondale
Subscribe for More Information | | | 10:10 EDT |  | HMA | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 08:06 EDT | | HMA | Health Management price target raised to $16-$24 from $13.50-$16 at Wells Fargo
Wells Fargo increased its price target on Health Management (HMA) to reflect what it thinks would be the upper end of the range that an acquirer of the company would be willing to pay. The firm believes that the stock's recent appreciation indicates that a deal has become more likely, and it keeps an Outperform rating on the shares. | | | 07:31 EDT | | F | Ford: 40% of sales from Asia Pacific in 4 - 5 years, Reuters reports
Subscribe for More Information | | | 07:28 EDT | | F | Ford expects to export more vehicles from India, Reuters reports
Ford CEO Alan Mulally said he expects to see more of the company's vehicles exported from India, as the company looks to build more vehicles using global platforms to lower costs and speed up product development, reports Reuters.Reference Link | | | 06:42 EDT | | HMA | Health Management downgraded to Neutral from Buy at Mizuho
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