News Breaks |
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| February 5, 2013 |
| 12:33 EDT |  | EL, LBTYA, DELL, YUM, CSC, VMED, BIDU, ADM, MHP, MSFT, ACI | On The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as reports on services companies from around the globe improved the market's tone dramatically from yesterday. The averages moved higher right at the open and extended the gains until the Dow reached the 14K level once again, where it continues to meet resistance... ECONOMIC EVENTS: In the U.S., the day's lone significant economic report showed growth at service companies slowed slightly in January. The Institute for Supply Management's index of non-manufacturing activity dipped to 55.2 in January, which was down from 55.7 in December but above expectations for a reading of 55.0. In Europe, the composite euro-zone services PMI rose to 48.6 in January from a 48.3 reading in the prior month. In China, HSBC's services PMI jumped to 54.0 in January from 51.7 the month before... COMPANY NEWS: Dell's (DELL) expected "go private" deal was officially announced, as private equity firm Silver Lake and Michael Dell agreed to buy the world’s third-largest PC company for $13.65 in cash, or about $24.4B. As widely speculated, the financing for the deal includes a $2B loan from Microsoft (MSFT). Dell shares, which had risen about 22% over the last month amidst the going private chatter, were up another 0.8% to $13.38 following the announcement... Among companies reporting earnings last night and this morning, advancers included CSC (CSC), Estee Lauder (EL), Archer Daniels (ADM), while Yum! Brands (YUM), Arch Coal (ACI), and Baidu (BIDU) declined... MAJOR MOVERS: Among the notable gainers was Virgin Media (VMED), which rose over 16% amid media reports that the company is in talks to be taken over by Liberty Global (LBTYA). Virgin Media confirmed that it is in discussions with Liberty Global concerning a possible transaction, but did not provide any details on the nature of the talks or time frame for an expected resolution. Shares of Liberty Global slid about 3% following Virgin's confirmation. Also lower were shares of McGraw-Hill (MHP), which followed yesterday's nearly 14% slide with another 5% decline after the DOJ confirmed it is suing Standard & Poor's for alleged fraud in rating mortgage-based securities... INDICES: Near noon, the Dow was up 110.24, or 0.79%, to 13,990.32; the Nasdaq was up 32.19, or 1.03%, to 3,163.36; and the S&P 500 was up 13.47, or 0.90%, to 1,509.18. |
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News For DELL;MSFT;VMED;LBTYA;MHP;CSC;EL;ADM;YUM;ACI;BIDU From The Last 14 Days Check below for free stories on DELL;MSFT;VMED;LBTYA;MHP;CSC;EL;ADM;YUM;ACI;BIDU the last two weeks. |
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| May 24, 2013 |
| 14:07 EDT | | MSFT | Market poised to end week lower following Fed, China data
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| 12:27 EDT |  | MSFT | Microsoft to look to sell 25M additional Xbox 360s, The Verge reports
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| 08:56 EDT | | MSFT | Microsoft to receive percentage cut of Xbox One pre-owned sales, MCV says
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| 06:22 EDT | | DELL | Icahn hired Jefferies to help fund Dell deal, NY Post reports
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| May 23, 2013 |
| 19:33 EDT | | DELL | Icahn, Southeastern engage banks on financing for Dell deal, Reuters says
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| 17:54 EDT | | MSFT | Google loses bid to block imports of Xbox One, Bloomberg says
The ITC ruled that Microsoft's (MSFT) new Xbox One does not infringe patents held by Google's (GOOG) Motorola Mobility unit, preventing Google from getting imports of Xbox One to the U.S. blocked, reports Bloomberg. Reference Link |
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| 17:11 EDT |  | MSFT | Google loses bid to block U.S. imports of Microsoft's Xbox, Bloomberg reports
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| 14:46 EDT |  | MSFT | GameStop reported solid Q1 results but uncertainty remains, says Piper Jaffray
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| 11:51 EDT | | MSFT | GameStop says 'lots of rumors' out there about Microsoft Xbox One
GameStop says company, customers excited about Xbox One. |
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| 11:38 EDT | | MSFT | GameStop sees being able to leverage buy/sell/trade model with new consoles
GameStop (GME) says in communication with Microsoft (MSFT) about how used games and resale will be handled in respect to upcoming Xbox One. |
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| 11:22 EDT | | MSFT | GameStop believes next-gen consoles will have lower price points than last cycle
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| 11:09 EDT | | MSFT | GameStop says 'right in the middle' of opportunity presented by new consoles
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| 08:31 EDT | | MSFT | Microsoft increasing cloud services in Japan, WSJ reports
In Japan, Microsoft is expanding capacity for its Windows Azure cloud computing services for businesses, as it bets on growing corporate IT spending in the country, reports the Wall Street Journal. Reference Link |
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| 07:41 EDT | | MSFT | Lenovo warns of tough first half but sees late year boosted by Win8, FT says
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| 06:30 EDT | | MSFT | Microsoft Windows 8 may take up 5%-8% of global tablet shipments, DigiTimes says
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| 05:45 EDT | | MSFT | Big companies remove subsidiaries based on SEC disclosure rules, WSJ reports
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| May 22, 2013 |
| 11:52 EDT | | MSFT | Uncertainty surrounds GameStop after new Xbox revealed
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| 09:24 EDT | | MSFT | Microsoft CEO says to hire 'several thousand' in China, Bloomberg reports
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| 08:53 EDT | | MSFT | GameStop has positive read through from Xbox launch, says Sterne Agee
Sterne Agee believes that GameStop (GME) will benefit from several aspects of the launch of the new version of Microsoft's (MSFT) Xbox, including the fact that it will accept new games and is launching this year instead of 2014 as some reports had suggested. The firm keeps a $46 price target and Buy rating on GameStop. |
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| 08:45 EDT | | MSFT | Microsoft Xbox very compelling, says Stifel
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