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News Breaks | | | | May 9, 2012 | | 16:59 EDT |  | DIS, M, AVP, RBGPY, PCS, DF, CQB, MELI, DTEGY | On 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. | |
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News For DIS;M;AVP;RBGPY;PCS;DF;CQB;MELI;DTEGY From The Last 14 Days Check below for free stories on DIS;M;AVP;RBGPY;PCS;DF;CQB;MELI;DTEGY the last two weeks. |
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| May 23, 2013 | | 17:35 EDT |  | DF | WhiteWave Foods to buyback $150M of stock, completes spin-off from Dean Foods
 Subscribe for More Information | | | 14:45 EDT |  | M | Retailers file new suit against card companies over swipe fees, Bloomberg says
Subscribe for More Information | | | 11:59 EDT | | M | Retailers file suit against Visa, MasterCard over credit cards, Bloomberg says
Subscribe for More Information | | | May 21, 2013 | | 12:58 EDT | | DIS | Disney's ESPN cuts less than 6% of workforce, Bloomberg reports
Disney's (DIS) ESPN unit laid off less than 400 workers today as part of a companywide cost-cutting effort, Bloomberg reports, citing a person with knowledge of the situation. The cuts amount to less than 6% of ESPN’s 7,000 employees, the report adds. Reference Link | | | 07:32 EDT |  | DTEGY | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | May 19, 2013 | | 18:10 EDT | | DTEGY | Falling prices in European telecom stocks give value to investors, Barron's says
Subscribe for More Information | | | 16:41 EDT | | DIS | Viacom's 'Into Darkness' tops Disney's “Iron Man 3” at box office, WSJ says
Subscribe for More Information | | | May 17, 2013 | | 15:51 EDT | | DIS | DirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link | | | 15:26 EDT | | DIS | DirecTV considering acquisition of Hulu, Dow Jones reports
Subscribe for More Information | | | 06:23 EDT |  | DIS | Disney downgraded to Neutral from Overweight at Atlantic Equities
Subscribe for More Information | | | | May 16, 2013 | | 18:56 EDT | | DF | On The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations. | | | 17:19 EDT | | DF | Dean Foods to be added to S&P 400; Kansas City Southern deleted on 5/23
Subscribe for More Information | | | 17:18 EDT | | DF | Kansas City Southern to be added to S&P 500; Dean Foods deleted on 5/23
Subscribe for More Information | | | 13:46 EDT | | DIS | Disney's ESPN acquires rights to tennis' U.S. Open beginning 2015
Subscribe for More Information | | | May 15, 2013 | | 19:59 EDT | | DIS | Pay-TV operators eye Hulu, WSJ reports
At least two pay-TV operators, including Time Warner Cable (TWC), are looking at an investment in Hulu, jointly controlled by Comcast (CMCSA), Disney (DIS), and News Corp. (NWSA), reports the Wall Street Journal, citing people familiar with the matter. Reference Link | | | 16:40 EDT | | MELI | MercadoLibre unit to pay $16.7M for parking spaces
Subscribe for More Information | | | 16:24 EDT | | M | On The Fly: Closing Wrap
Subscribe for More Information | | | 15:34 EDT |  | M | Macy's price target raised to $54 from $46 at Credit Suisse
Subscribe for More Information | | | 12:28 EDT | | M | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:11 EDT | | M | Macy's sees Q2 sales down less than previously thought
Although Macy's sees Q2 sales down sequentially, the company now sees less of a difference than previously thought. On the Q1 earnings call the CFO said, "I would add though that while we still expect Q2 sales to fall below that in Q1, we now expect the spread between the first and second quarters to be by less than the 200-300 basis points we had mentioned in February. We believe we will get a benefit in the second quarter as the weather finally begins to get warmer." | | |
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