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Stock Market & Financial Investment News

News Breaks
May 9, 2012
16:59 EDTDIS, M, AVP, RBGPY, PCS, DF, CQB, MELI, DTEGYOn The Fly: Closing Wrap
Stocks on Wall Street were down for the day. Stock futures were lower in early trading leading to a sharply lower open for the broader market. The weakness was attributed to continuing concern over Europe's debt crisis and political events in Greece. The averages began the day down roughly 1% but began to reverse their course following a report that Europe’s bailout fund will pay the next installment of aid to Greece, which was later confirmed by the EFSF. The averages briefly turned mixed in the afternoon but were unable to make the trip all the way back into the green to break the market's losing streak… ECONOMIC EVENTS: In the U.S., wholesale inventories rose 0.3% in March, versus the expected increase of 0.6%. In Europe, Spanish 10-year bond yields rose above 6% and more reports indicated that efforts to form a new government in Greece were expected to fail, putting the country's bailout deal in doubt and renewing concerns about Greece intentionally exiting or being forced off the euro. However, the EFSF stated that it would approve the latest bailout payment due to Greece in spite of the ongoing political dealings... COMPANY NEWS: Disney (DIS) shares gained nearly 2% after its earnings beat expectations, while Macy's (M) slid almost 4% in spite of earnings that also came in above consensus... Meanwhile, Avon Products' (AVP) shares were up 9.26% after JAB Holdings, which owns Coty, sold a substantial portion of its stake in Reckitt Benckiser (RBGPY) in order "to raise cash for other investment opportunities, including Avon… MAJOR MOVERS: Among the notable gainers were MetroPCS (PCS), up $0.94, or 14.33%, to $7.50, after Bloomberg reported that Deutsche Telekom (DTEGY) was in talks with the company on a potential T-Mobile deal, and Dean Foods (DF), up $1.43, or 11.24%, to $14.15, after reporting a rise in Q1 profits of nearly 50% and raising both the company’s Q2 and FY12 EPS view. Noteworthy losers included Chiquita Brands (CQB), down $2.32, or 28.93% to $5.70, after its earnings fell short of consensus and it warned that it sees 2012 continuing to be "a challenging year," and Mercado Libre (MELI), down $10.91, or 12.40%, to $77.08, after reporting disappointing Q1 revenues... INDICES: The Dow lost $97.03, or 0.75%, to $12,835.06; the Nasdaq fell $11.56, or 0.39%, to $2,934.71; and the S&P 500 dropped $9.14, or 0.67%, to $1,354.58.
News For DIS;M;AVP;RBGPY;PCS;DF;CQB;MELI;DTEGY From The Last 14 Days
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August 29, 2014
15:46 EDTDISDisney jv A&E in talks for Vice Media stake after Time Warner backs out, FT says
A&E Networks, a joint venture owned by Disney (DIS) and Hearst Corporation, is nearing a deal to pay $250M for 10% stake in Vice Media after the digital media company and Time Warner (TWX) failed to come to terms on a deal, said Financial Times. 21st Century Fox (FOXA) already owns a 5% stake in Vice. Reference Link
08:21 EDTDTEGYDeutsche Telekom sees $35 per share too low for T-Mobile bid, Reuters says
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08:09 EDTMELIMercadoLibre price target raised to $135 from $104 at JPMorgan
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August 28, 2014
17:38 EDTCQBChiquita Brands holders urged to vote Cutrale-Safra GOLD Proxy Card
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12:59 EDTDTEGYT-Mobile parent willing to consider sale above $35 per share, Bloomberg says
After senior managers of Deutsche Telekom (DTEGY) discussed T-Mobile’s (TMUS) valuation at a strategy meeting, the German parent of the U.S. carrier came away willing to negotiate a sale of T-Mobile if an offer values it at $35 per share or more, according to Bloomberg, citing a person with knowledge of the matter. T-Mobile US shares spiked as headlines from the report crossed and remain up about 3% in afternoon trading. Reference Link
12:51 EDTDTEGYT-Mobile jumps 4% after Bloomberg says Deutsche Telekom open to talks on sale
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12:50 EDTDTEGYDeutsche Telekom open to talks to sell T-Mobile at $35 per share, Bloomberg says
07:26 EDTDISDisney submits patents for drones for entertainment uses, NY Post says
Disney has filed three patents for entertainment strategies that employ drones, such as the use of unmanned flying vehicles to move giant puppets, according to The New York Post. Reference Link
August 27, 2014
15:09 EDTCQBCutrale-Safra says Chiquita board irresponsible in promoting Fyffes transaction
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09:30 EDTCQBChiquita Brands' board recommends shareholders vote for transaction with Fyffes
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05:30 EDTCQBChiquita Brands, Fyffes now see $60M of annualized pre-tax cost savings
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August 26, 2014
14:45 EDTDISESPN says Verizon signs deal to carry SEC Network
Verizon (VZ) FiOS has signed an agreement to carry the SEC Network and expects to begin airing it prior to Aug. 28, Disney's (DIS) ESPN announced. The deal also includes live viewing rights and additional live and on-demand content scheduled for SEC Network + across other platforms like smartphones, tablets and laptops. In addition, the deal also includes rights for the FiOS Mobile app, which will be available to FiOS customers in the near future. Terms of the deal were not disclosed.
09:35 EDTDISNetflix files formal protest against Comcast merger, Engadget reports
Netflix (NFLX) has filed a petition to the FCC against the proposed merger between Comcast (CMCSA) and Time Warner Cable (TWC), as the streaming company has previously indicated it would, reported Engadget. Netflix claims the deal would result in "serious public interest harm" and that a merged cable giant would have huge leverage over it and rivals like Hulu, which is a joint venture owned by Comcast itself along with partners Disney (DIS) and 21st Century Fox (FOXA). Reference Link
05:44 EDTCQBChiquita Brands announces share acquisition ny executive officers
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August 21, 2014
10:35 EDTMSears falls after reporting Q2 loss that more than doubled analyst projections
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August 20, 2014
08:31 EDTMMacy's reaches agreement with NY AG on racial profiling allegations
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August 18, 2014
06:39 EDTDTEGYHrvatski Telekom selects Ericsson for 5-year managed services contract
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August 17, 2014
18:43 EDTCQBInvestors should take profits in Chiquita Brands, Barron's says
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18:10 EDTMInvestors should buy Nordstrom over Macy's, Barron's says
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15:42 EDTDISParamount's 'Ninja Turtles’ holds on to box office lead, Bloomberg says
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