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Stock Market & Financial Investment News

News Breaks
December 3, 2012
16:19 EDTHMA, SVU, GM, QIHU, DELL, QLGC, FOn 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 managersí 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.
News For DELL;GM;F;QIHU;SVU;QLGC;HMA From The Last 14 Days
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May 19, 2015
18:01 EDTQIHUQihoo 360 reports Q1 EPS 57c, consensus 49c
Reports Q1 revenue $384.4M, consensus $378.12M.
15:00 EDTQIHUNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Analog Devices (ADI), consensus 72c... Autodesk (ADSK), consensus 28c... Computer Sciences Corporation (CSC), consensus $1.20... Qihoo 360 Technology (QIHU), consensus 49c... Keysight Technologies (KEYS), consensus 65c... Nordson (NDSN), consensus 86c... ViaSat (VSAT), consensus 42c... Dycom Industries (DY), consensus 37c.
14:31 EDTGMCovisint expands strategic relationship with Cisco, General Motors
Covisint (COVS) announced that it has reached a definitive agreement with Cisco (CSCO) to use the Covisint platform to power General Motors (GM) OnStar and SupplyPower through 2020. Under the terms of this five-year, non-cancelable contract, GM will materially increase their use of the Covisint platform to support growth in these solutions. This economically favorable transaction is a major milestone in the strategic partnership with Cisco, and a win for General Motors, Cisco and Covisint.
14:22 EDTQIHUQihoo 360 technical notes before earnings
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13:20 EDTGM, FTakata expected to recall 33.8M vehicles, Detroit News reports
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07:36 EDTGM, FAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
07:08 EDTGMGeneral Motors sees maintaining profitability goals in China, WSJ reports
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May 18, 2015
12:33 EDTFMarathon Patent unit enters into settlement agreement with Jaguar Land Rover
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10:03 EDTQIHUQihoo 360 Technology May weekly volatility increases into Q1
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09:54 EDTF, GMNHTSA looks to accelerate V2V rollout by automakers, Motor Authority says
Automakers have been notified that initial proposals for the implementation of vehicle-to-vehicle technology will be outlined by before January 1, 2016, which would be a full year ahead of schedule, according to Motor Authority. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Mobileye (MBLY) makes chips utilized in advanced driver assistance systems. Reference Link
06:26 EDTF, GMStudy shows Toyota and Honda leads in best supplier relations, Reuters says
A new study revealed that Toyota (TM) and Honda (HMC) led automakers with U.S. plants in supplier relations, reports Reuters. According to the study led by Planning Perspectives President John Henke, Toyota led Honda while Ford (F) was a distant third and Nissan (NSANY) came in fourth. General Motors (GM) and Fiat Chrysler (FCAU) were last on the list. Reference Link
May 15, 2015
16:51 EDTGMGreenlight Capital gives quarterly update on stakes
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16:28 EDTGMAppaloosa Management gives quarterly update on stakes
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10:55 EDTSVUJANA Partners gives quarterly update on stakes
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May 14, 2015
11:43 EDTGMU.S. appeals court dismisses UAW retiree benefit suit, Reuters reports
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10:27 EDTFDTE Energy partners with Domino's Farms and Ford to build solar arrays
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09:03 EDTGMGeneral Motors to invest $1B in Warren Technical Center campus
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08:54 EDTFFord says 'poised for breakthrough' year in 2015
Comment made during Ford's annual shareholder meeting.
08:28 EDTQLGCQLogic and Cavium collaborate for cloud storage applications
QLogic (QLGC) has developed a joint solution with Cavium (CAVM). The big data infrastructure solution significantly accelerates performance of enterprise storage, cloud storage and big data storage applications.
May 13, 2015
08:11 EDTGMGeneral Motors and Toyota implement Microchip's infotainment networking devices
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