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Stock Market & Financial Investment News

News Breaks
January 9, 2014
08:53 EDTSTO, SSNLF, CS, IBM, UBS, AAPL, AIG, AMGN, NVS, BA, BLK, DISH, QIHUOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Dish (DISH) to pull LightSquared bid...Lenders use social media to check borrowers' creditworthiness...A U.S.-EU trade war could break out over online privacy...Hong Kong stock exchange to rethink IPOs after Alibaba views...AIG (AIG) extends expiration of tax asset plan to 2017...REUTERS: Credit Suisse (CS) bets on a turnaround for money-losing U.S. brokerage...BlackRock (BLK), NY attorney general agreement ends analyst surveys...Apple (AAPL), Samsung (SSNLF) CEOs to attend mediation in U.S. patent fight...Boeing (BA) machinists want new vote, allege unfair labor practices...BLOOMBERG: Regulators consider Volcker exemption for smaller banks' CDOs...UBS (UBS) may spin off investment bank...As Norway loosens control, Statoil (STO) looks abroad for deals (Businessweek)...Samsung (SSNLF) sees Galaxy S5 by April, studies eye scanner...FINANCIAL TIMES: Novartis (NVS) facing criminal investigation in Japan over drug advertising...IBM (IBM) to create new $1B Watson business unit...CHINA DAILY: Qihoo 360 (QIHU) denies Alibaba interested in investing...SFGATE: Explosion reported at Amgen (AMGN).
News For DISH;AIG;CS;BLK;AAPL;SSNLF;BA;UBS;STO;NVS;IBM;QIHU;AMGN From The Last 14 Days
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March 16, 2015
14:08 EDTUBS, CSEU regulator says time for fine-tuning, Reuters says
The Basel Committee on Banking Supervision believes the necessary bank regulatory framework is in place though some additional work must be done to finalize leverage ratio and capital floor rules, Reuters reported yesterday, citing statements by secretary-general William Coen at a financial conference in Doha. Coen added, "We're now at the state where we can take a step back and look to see how [the regulations] fit together," cautioning that further analysis must be data-driven but admitting that both banks and regulatory bodies were feeling "regulation fatigue." Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
13:37 EDTBABoeing responds to IAM's petition to unionize Boeing South Carolina
Boeing was notified that the International Association of Machinists union has petitioned the National Labor Relations Board for a union election at the company's North Charleston, S.C., facilities. If the NLRB permits it, a vote will be scheduled for eligible teammates to decide whether they will turn over their rights to the IAM or keep a direct relationship with the company. "Boeing South Carolina teammates have done what so many people said couldn't be done. And they did it by working together, engaging every day, and truly committing themselves to the success of our site," said Beverly Wyse, Boeing South Carolina's newly appointed vice president and general manager. "And let's be really clear, the IAM was not part of this success – it was our BSC teammates. In fact, the IAM aggressively opposed it, as publicly demonstrated by their filing of a claim with the National Labor Relations Board, to try to keep our site from even opening. Now, simply by filing this petition, the same union that tried to take our jobs and our work, has already begun to divide our team at a time when we're just beginning to gel and catch a solid rhythm in production." Boeing firmly believes that a union is not in the best interest of Boeing South Carolina teammates and their families, their communities, and the state of South Carolina, especially after years of the IAM insulting the abilities of Boeing South Carolina teammates and fighting against BSC's success. "We think our Boeing South Carolina teammates deserve to pave their own future and keep their hard-earned money in their own pockets," said Wyse. "In fact, they've been very successful doing just that for the past five years. They've built not only new airplanes, but also a new site, and new opportunities for an incredible future here in South Carolina by working together as a team, without the distractions of a union. We're extremely proud of what our teammates have accomplished." Boeing South Carolina has established several outlets to keep teammates, their families and the community updated throughout this process, including a website and Facebook page that provides information, facts, data, and additional resources related to the IAM's unionizing efforts in South Carolina.
12:56 EDTIBMIBM protest of Army contract an incremental negative for CACI, says Maxim
According to a Washington Technology article, IBM (IBM) successfully protested a $158M Army-payroll contract awarded to CACI (CACI). Maxim expects the contract to be re-evaluated and for CACI to still prevail and win, but the revenue ramp will take longer than previously anticipated. The firm rates CACI a Buy with a $101 price target.
12:54 EDTIBMContract awarded to CACI protested by IBM, Washington Technology reports
A $158M Army payroll and personnel contract that was awarded to CACI (CACI) has been successfully protested by IBM (IBM) and the contract has been dismissed, Washington Technology reports. Reference Link
11:53 EDTDISHDISH abused small business program in auction, FCC Commissioner says
FCC Commissioner Ajit Pai stated: "Last month, the FCC’s Wireless Telecommunications Bureau disclosed that two companies in which DISH Network Corp. has an 85% ownership stake are claiming over $3B in taxpayer-funded discounts on licenses they won during the AWS-3 spectrum auction. As I said then, allowing DISH, which has annual revenues of approximately $14B and a market capitalization of over $34B, to obtain billions of dollars in taxpayer subsidies would make a mockery of the small business program. The evidence of abuse continues to mount. DISH recently disclosed that it made approximately $8.504B in loans and $1.274B in equity contributions to those two companies—hardly a sign that they were 'very small businesses' that lacked access to deep pockets. Moreover, we now know that DISH’s abuse of the program had an enormous impact on actual small businesses serving actual customers." Reference Link
10:44 EDTAAPLNetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
10:14 EDTQIHUOptions with decreasing implied volatility
Options with decreasing implied volatility: EXPR ULTA SGMS QIHU BKS PAY URBN AGN AGNC
10:00 EDTBARyanair plans transatlantic service in four to five years, Financial Times says
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09:37 EDTAAPLActive equity options trading on open
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09:36 EDTSTOEOG Resources could be a target for Statoil, Houston Business Journal says
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09:11 EDTBAViaSat and Boeing announce collaboration to offer broadband system
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08:52 EDTAMGNAmgen to hold a conference call
Conference call to provide an update from the 73rd Annual Meeting of AAD will be held on March 23 at 3 pm. Webcast Link
08:35 EDTAMGNAmgen to hold a conference call
Executive Vice President of R&D, Sean Harper, discusses Amgen's cardiovascular program, including the Repatha data currently being presented at the American College of Cardiology's Scientific Session & Expo, on a conference call to be held on March 16 at 4 pm. Webcast Link
08:26 EDTAIGAIG to acquire controlling stake in NSM Insurance
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08:25 EDTAIGAIG acquires controlling interest in NSM Insurance Group
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08:23 EDTAMGNPCSK9 data continues to impress, says Leerink
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06:59 EDTBABoeing to hit 737 production targets by 2018, Reuters says
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06:57 EDTAMGNAmgen clinical data very positive, says RBC Capital
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06:40 EDTAMGNPCSK9 studies show potential improvement in heart health, WSJ says
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05:58 EDTSSNLFSamsung increases TV panel purchases to meet TV sales target, DigiTimes says
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