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News Breaks
February 3, 2014
12:16 EDTSNN, LVLT, RSH, F, BEAT, ARTC, AAPL, JOSB, FIATY, MW, AKAM, GMOn The Fly: Midday Wrap
Stocks on Wall Street were sharply lower at midday in the first trading day of February, which is opening with a downbeat session reminiscent of many seen last month. Reports showed that manufacturing activity slumped in January in both the U.S. and in China. Adding to the negative sentiment were reports from auto makers showing that sales dropped for most of them amid January's frigid weather. ECONOMIC EVENTS: In the U.S., ISM's manufacturing Purchasing Managers' Index, or PMI, for January plunged to 51.3. The decline was significantly worse than forecast by economists. A separate manufacturing PMI for January from Markit was unchanged from the preliminary 53.7 reading, though that was down 1.3 points from December's 55.0 figure. Construction spending inched up 0.1% in December, versus expectations for it to have remained flat. In China, data released over the weekend showed factory growth slumped to a six-month low in January, with the nation's official manufacturing PMI falling to 50.5 in January from 51 last month. China's official non-manufacturing PMI fell to 53.4 in January from 54.6 in December. The lone bright spot among the global manufacturing data releases came from Europe, where Markit's eurozone manufacturing sector PMI rose to a 32-month high of 54 points in January from 52.7 in December. COMPANY NEWS: Ford (F) shares fell 3% after the company's U.S. sales declined 7% from a year ago to 154,644 vehicles in January. General Motors (GM) reported an even worse decline of nearly 12% in the month to 171,486 vehicles sold and its shares also slid 2%. Fiat-owned (FIATY) Chrysler was the only one of the "Big Three" to report a sales increase in the month, stating "the bad weather only seemed to affect our competitors' stores as we had a great January with sales up 8%." U.S. industry vehicle sales, which previously came in at a 15.6M unit pace in December and were expected to rise to a 15.7M unit rate, were estimated by GM to actually have declined to a 15.3M unit pace in the month. MAJOR MOVERS: Shares of RadioShack (RSH) appeared to benefit from a positive reaction to the company's Super Bowl advertising, with the stock rising more than 9% near noon following last night's game. Another notable gainers was ArthroCare (ARTC), which rose 7% after the U.K.'s Smith & Nephew (SNN) agreed to buy the U.S. medical device maker in a $1.37B deal. Also higher was BioTelemetry (BEAT), which surged 22% after the company announced it achieved a victory in its patent infringement case against Mednet, which it subsequently agreed to acquire in an accretive transaction. Among the noteworthy losers was JoS. A. Bank (JOSB), which fell over 3% after The Wall Street Journal reported the company is in talks to buy sportswear retailer Eddie Bauer, which could complicate the ongoing takeover battle Jos. A. Bank has been having with Men's Wearhouse (MW). Also, Jos. A. Bank made public a letter it sent to Men's Wearhouse, saying the most recent buyout offer its peer made is inadequate. Also lower were shares of Akamai (AKAM), which fell 4% after a blog report claimed Apple (AAPL) has recently hired a number of employees as part of a new group assigned to build out a new content delivery network, or CDN. Apple has historically relied on CDN providers Akamai and Level 3 (LVLT), the Streaming Media report noted. INDEXES: Near midday, the Dow was down 232.90, or 1.48%, to 15,465.95, the Nasdaq was down 74.29, or 1.81%, to 4,029.59, and the S&P 500 was down 28.08, or 1.58%, to 1,754.51.
News For F;GM;JOSB;RSH;AKAM;AAPL;LVLT;MW;ARTC;SNN;FIATY;BEAT From The Last 14 Days
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May 14, 2015
10:27 EDTFDTE Energy partners with Domino's Farms and Ford to build solar arrays
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09:34 EDTAAPLActive equity options trading on open
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09:03 EDTGMGeneral Motors to invest $1B in Warren Technical Center campus
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08:54 EDTFFord says 'poised for breakthrough' year in 2015
Comment made during Ford's annual shareholder meeting.
07:34 EDTAAPLApple search volume continues to surge in China, says UBS
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06:29 EDTAAPLApple Music to have deep social integration for artists, 9to5Mac reports
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06:17 EDTAAPLApple plans expansion of key Irish plant, Irish Independent reports
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06:16 EDTAAPLApple and A123 prepare to settle employee-poaching lawsuit, WSJ reports
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May 13, 2015
16:06 EDTAAPLOptions Update; May 13, 2015
iPath S&P 500 VIX Short-Term Futures down 38c to 20.67. Option volume leaders: AAPL CSCO NTI FB CSX BABA EIX BAC DD WMB TSLA JCP QCOM DAL
15:32 EDTAKAMLimelight Networks says favorable ruling received in Akamai patent suit
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14:10 EDTAKAMCourt says Limelight Networks did not infringe on Akamai patent, Bloomberg says
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13:15 EDTAAPLInquirer discusses recent Apple for BlackBerry takeover rumors
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10:28 EDTAKAMCourt says Limelight Networks did not infringe on Akamai patent, Bloomberg says
Akamai was looking to reinstate $45.5M patent verdict, added Bloomberg.
09:39 EDTAAPLActive equity options trading on open
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08:11 EDTGMGeneral Motors and Toyota implement Microchip's infotainment networking devices
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07:52 EDTAAPLApple Watch margins will grow to over 50%, says UBS
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07:32 EDTAKAMCLSA to hold a conference
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07:03 EDTAAPLNext iPhone to feature 12 MP camera, be offered in rose gold, AppleInsider says
For its next iPhone 6 model, Apple will offer a new rose gold option, according to KGI Securities analyst Ming-Chi Kuo, who did not make clear whether the luxury model would be made of actual gold or if it will simply resemble the color of the high-end Apple Watch Edition, reported AppleInsider. Kuo also said Apple will upgrade the camera to 12 megapixels and suggested that some "Plus" models may use scratch-resistant sapphire covers, though that is dependent on success in testing, the report added. Reference Link
06:55 EDTAAPLInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
05:55 EDTAAPLTSMC awarded orders for SSD controller chips for Apple, DigiTimes reports
TSMC (TSM) has landed SSD controller chip orders from Apple, reports DigiTimes. According to industry sources, TSMC will utilize a 28nm process to fabricate controller cihps for Apple. Reference Link
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