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Stock Market & Financial Investment News

News Breaks
May 9, 2012
12:38 EDTDIS, CQB, DTEGY, PCS, BBBY, CPWM, SODA, TM, M, DVAXOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, but the major averages were well off the lows seen about an hour into trading. The market is down for the sixth consecutive session, its longest losing string of the year. The weakness is being attributed to concern about the fate of the euro zone as a new leader takes over in France and Greece struggles to form a government and may need to hold another round of elections. The past several sessions have seen the market open lower but rally during the later hours of the session to reduce the day's losses. So far today that trend is continuing as the averages have recovered significantly from their worst levels... 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. A Reuters report, citing EU sources, said the EU is more likely than not to agree to the latest EUR 5.2B bailout payment due tomorrow to Greece from the EFSF bailout fund, which may have contributed to a late morning rally seen here in the States... COMPANY NEWS: Disney (DIS) shares gained over 2% after its earnings beat expectations, while Macy's (M) slid more than 3% in spite of earnings that also came in above consensus... Toyota (TM) reported a surge in its Q4 net income and forecast a doubling of profits in the current fiscal year, sending its stock up more than 3%... MAJOR MOVERS: Among the notable gainers were SodaStream (SODA), up over 26%, after it reported much stronger than expected results and boosted its 2012 guidance, and Cost Plus (CPWM), up about 22%, after agreeing to be acquired by Bed Bath & Beyond (BBBY) for $22 per share. Also higher were shares of MetroPCS (PCS), up about 19%, after Bloomberg reported Deutsche Telekom (DTEGY) was said to be in talks with the company on a potential T-Mobile deal. Noteworthy losers included Chiquita Brands (CQB), down 32%, after its earnings fell short of consensus and it warned that it sees 2012 continuing to be "a challenging year," and Dynavax (DVAX), down more than 22%, after pricing 17.5M shares at $4.25 in a secondary stock offering... INDICES: Near 12:30 pm ET, the Dow was down 98.05, or 0.76%, to 12,834.04; the Nasdaq was down 17.19, or 0.58%, to 2,929.08; and the S&P 500 was down 9.58, or 0.70%, to 1,354.14.
News For DIS;M;TM;SODA;CPWM;BBBY;PCS;DTEGY;CQB;DVAX From The Last 14 Days
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August 28, 2014
10:28 EDTSODASodaStream still facing inventory issues at mass retailers, says Detwiler Fenton
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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.
12:01 EDTTMToyota moves forward with planning new Michigan facility
Toyota will move forward with the planning of its new facility on the York Township, Michigan campus of the Toyota Technical Center to accommodate approximately 250 direct procurement positions currently based in Kentucky approval of state and local incentives announced by the Michigan Economic Development Corporation and York Township.
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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07:18 EDTTMChina considering new anti-trust rules for auto sector, China Daily says
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06:26 EDTTMToyota slices China Lexus part costs amid anti-trust worries, Reuters says
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August 20, 2014
20:03 EDTTMFord planning hybrid to compete with Toyota Prius, Reuters reports
Ford (F) is planning to introduce a new hybrid gasoline-electric car in late 2018 to compete against the Toyota (TM) Prius, according to Reuters, citing two sources with knowledge of the company's plans. It will be the company's first "dedicated" hybrid, unlike the hybrid Fusion, which is a variation of an existing gasoline model. Reference Link
09:36 EDTTMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
08:31 EDTMMacy's reaches agreement with NY AG on racial profiling allegations
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August 18, 2014
07:37 EDTTMReport says Russia may bar car imports if new sanctions enacted, Reuters says
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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 Turtlesí holds on to box office lead, Bloomberg says
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