New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 9, 2012
12:38 EDTDIS, CQB, BBBY, TM, DTEGY, CPWM, M, DVAX, PCS, SODAOn 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 15, 2014
06:55 EDTTMTakata tightening restrictions on suppliers, Reuters 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
11:39 EDTSODASodaStream calls active on takeover speculation
Subscribe for More Information
11:32 EDTSODARumor: SodaStream moves up on takeover speculation
Shares of SodaStream (SODA) are moving higher amid takeover speculation that Pepsi (PEP) may acquire a stake in the company.
06:41 EDTDISDisney, others avoided U.S. taxes with Luxembourg deals, ICIJ says
Subscribe for More Information
06:30 EDTTMNissan recalling 1520,000 cars globally using Takata air bags, Reuters reports
Nissan (NSANY) is recalling 152,000 vehicles around the world that use Takata's (TKTDY) passenger site air bags, Reuters reports. The cars are being recalled after an "unusual deployment" of a Takata air bag in Japan, which also led to recalls by Toyota (TM). Reference Link
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
December 8, 2014
11:10 EDTTMVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).
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