New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 9, 2012
16:59 EDTMELI, PCS, M, CQB, RBGPY, DIS, DTEGY, DF, AVPOn 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 17, 2014
11:09 EDTDISFormer Hulu CEO gears up to launch Vessel, Re/code reports
Former Hulu CEO Jason Kilar is getting ready to launch a web video service called Vessel, which utilizes YouTube stars, Re/code reports. Reference Link
December 16, 2014
10:41 EDTMMacy's initiated with an Outperform at Cowen
Subscribe for More Information
December 15, 2014
12:04 EDTDTEGYBT enters exclusivity agreement with Deutsche Telekom, Orange
Subscribe for More Information
11:21 EDTDTEGYBT could announce exclusive talks to buy EE today, FT reports
Subscribe for More Information
06:13 EDTDTEGYBT could decide this week between O2 and EE, Daily Mail reports
Subscribe for More Information
December 11, 2014
07:49 EDTAVPThe New York Times to hold a conference
Subscribe for More Information
06:41 EDTDISDisney, others avoided U.S. taxes with Luxembourg deals, ICIJ says
Subscribe for More Information
06:24 EDTDISDISH plans to leave broadcast channels out of basic online TV package, WSJ says
Subscribe for More Information
December 10, 2014
16:00 EDTDISOptions Update; December 10, 2014
Subscribe for More Information
10:00 EDTDISOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:25 EDTDISDisney downgraded to Hold from Buy at Topeka
Subscribe for More Information
December 9, 2014
15:45 EDTCQBGabelli raises stake in Chiquita to 8.16% from 6.52%
Subscribe for More Information
15:03 EDTDISDiscovery Communications rises after CEO sees outperforming U.S. peers
Subscribe for More Information
11:11 EDTDISDiscovery, Hulu announce new distribution agreement
Subscribe for More Information
10:23 EDTMOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:21 EDTDTEGYBT leaning toward O2 acquision over EE purchase, Bloomberg says
Subscribe for More Information
08:14 EDTMMacy's downgraded at Atlantic Equities
Subscribe for More Information
08:06 EDTMMacy's downgraded to Neutral from Overweight at Atlantic Equities
Subscribe for More Information
06:48 EDTDISAnalysts say Netflix undermining TV ad revenue, NY Times reports
Subscribe for More Information
06:08 EDTDTEGYFireEye announces partnership with Deutsche Telekom
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use