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Stock Market & Financial Investment News

News Breaks
March 12, 2012
12:08 EDTTZYM, ZOLL, RENN, MTU, DANG, XOM, PCBC, KUTV, DIS, YOKU, TUDOOn The Fly: Mid-Day Wrap
Stocks on Wall Street were mixed at mid-day, with the Dow higher and the Nasdaq lower, but neither by a wide margin. The Dow is being led by the shares of Exxon Mobil (XOM), which are up more than 1.3% despite oil being down more than $1.00 a barrel. The averages have moved in a narrow range in a low-volatility, low-volume session. Investors are looking to tomorrow's FOMC meeting for clues as to any change in the Fed's strategy... ECONOMIC EVENTS: In the U.S., the economic calendar was light today, but will be heavier the rest of the week, with reports due on retail sales, consumer sentiment and small business optimism along with a rate meeting for the FOMC. With little domestic data, investors focused on international news, most notably China's February trade deficit of $31.5B, which was its largest in over 20 years... MARKET NEWS: Disney's (DIS) expensive sci-fi film "John Carter" opened to disappointing domestic grosses, as widely expected... Tudou Holdings (TUDO) jumped almost 150% following its acquisition by Youku.com (YOKU), which also saw its shares rise about 18%. Other Chinese media and tech names also traded higher following the news, with Renren (RENN), Ku6 Media (KUTV), and Dangdang (DANG) among those advancing... MAJOR MOVERS: Among the notable gainers were ZOLL Medical (ZOLL), after agreeing to a $93 per share buyout offer from Asahi Kasei, and Pacific Capital Bancorp (PCBC), which agreed to be acquired for $46 per share by UnionBanCal, a subsidiary of Mitsubishi UFJ Financial (MTU). Noteworthy losers included Tranzyme (TZYM), after saying a Phase 3 trial of one of its drugs failed to meet its endpoints, and Anthera Pharmaceuticals (ANTH), following downgrades at Citigroup and Cowen after one of its trials was halted due to the lack of the drug's efficacy... INDICES: Near noon, the Dow was up 14.15, or 0.11%, to 12,936.17; the Nasdaq was down 11.15, or 0.37%, to 2,977.19; and the S&P 500 was down 3.34, or 0.24%, to 1,367.53.
News For DIS;TUDO;YOKU;RENN;KUTV;DANG;ZOLL;PCBC;MTU;TZYM;XOM From The Last 14 Days
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December 14, 2014
17:07 EDTXOMOPEC's Badri says group will withstand oil price fall, Reuters says
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December 12, 2014
15:12 EDTXOMExxon Mobil heads for its 52-week low, levels to watch
The shares are down over 2.1% to $87.26 at time of writing. That puts the stock very close to its 52-week low at $86.91, which is next support. Below that low support is at $86.28. Resistance is at $87.74.
06:51 EDTXOMBrent crude oil fell to five year low, Reuters reports
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December 11, 2014
07:26 EDTXOMPlatts to hold a forum
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06:41 EDTDISDisney, others avoided U.S. taxes with Luxembourg deals, ICIJ says
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06:24 EDTDISDISH plans to leave broadcast channels out of basic online TV package, WSJ says
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05:27 EDTXOMExxon Mobil, Saudi Aramco JV complete clean fuels project
Saudi Aramco Mobil Refinery Company, or SAMREF, a joint venture of Saudi Aramco and ExxonMobil, has completed construction of major desulfurization facilities, including a new hydrotreater, that dramatically cuts sulfur levels in gasoline and diesel. The project is the largest investment in SAMREF’s history and will reduce the sulfur levels in gasoline and diesel by more than 98%, to 10 parts per million.
December 10, 2014
16:44 EDTXOMOn The Fly: Closing Wrap
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16:00 EDTDISOptions Update; December 10, 2014
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12:09 EDTYOKU, RENNYouku Tudou rises slightly in down market after Credit Suisse upgrade
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10:00 EDTDISOn The Fly: Analyst Downgrade Summary
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09:30 EDTYOKUYouku Tudou upgraded to Outperform from Neutral at Credit Suisse
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08:04 EDTXOMExxon Mobil management to meet with UBS
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06:25 EDTDISDisney downgraded to Hold from Buy at Topeka
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December 9, 2014
15:03 EDTDISDiscovery Communications rises after CEO sees outperforming U.S. peers
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11:11 EDTDISDiscovery, Hulu announce new distribution agreement
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08:55 EDTXOMExxon Mobil to hold a webcast
Vice Presidents Colton and Cohen hold a webcast to launch ExxonMobil's 2015 Outlook for Energy: A View to 2040 on December 9 at 1 pm. Webcast Link
06:48 EDTDISAnalysts say Netflix undermining TV ad revenue, NY Times reports
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December 8, 2014
08:09 EDTXOMExxon Mobil management to meet with UBS
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07:53 EDTXOMClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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