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News Breaks | | | | December 18, 2012 | | 06:07 EDT |  | GS, KCG, GE, TNTEY, SSNLF, UPS, AAPL | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: GE (GE) CEO Jeff Immelt said economic uncertainty in the fourth quarter has caused "an investment pause" that has crimped the company's sales, although he voiced optimism overall and forecast industrial revenue growth in 2013, the Wall Street Journal reports...A U.S. judge denied Apple’s (AAPL) request for a ban on the sale of some Samsung Electronics (SSNLF) products in the U.S. market, tempering Apple's sweeping win in a California court case this summer, the Wall Street Journal reports...REUTERS: Knight Capital Group's (KCG) board was split between two competing offers for the firm after a meeting where Getco Holding Company LLC and Virtu Financial LLC presented their sweetened bids to Knight's directors, sources say, Reuters reports...United Parcel Service (UPS) offered more concessions in a bid to gain EU regulatory approval for its $6.84B TNT Express (TNTEY) bid, sources say, Reuters reports...BLOOMBERG: Global coal demand will likely increase by 2.6% a year to 6.17B metric tons of coal equivalent in the six years to 2017, driven by China’s economic expansion, according to the International Energy Agency, Bloomberg reports...Goldman Sachs (GS) and Bain Capital are set to defend before U.S. District Judge Edward Harrington in Boston what they call legitimate private-equity practices against investor claims that buyout firms and their bankers colluded to rig bids on takeovers, Bloomberg reports. | |
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News For GE;AAPL;SSNLF;KCG;UPS;TNTEY;GS From The Last 14 Days Check below for free stories on GE;AAPL;SSNLF;KCG;UPS;TNTEY;GS the last two weeks. |
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| May 22, 2013 | | 16:25 EDT |  | GS | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 14:48 EDT | | GE | General Electric considering IPO for some parts finance unit, Bloomberg says
General Electric CEO Jeffrey Immelt said the company is considering an IPO for some parts of its finance unit, reports Bloomberg, citing comments from Immelt. Reference Link | | | 14:29 EDT |  | GS | Goldman Sachs volatility near low end of historic range
Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement. | | | 13:43 EDT | | SSNLF | Samsung takes stake in Pantech, AllThings D says
 Subscribe for More Information | | | 13:07 EDT | | GS | KKR weighs Saks investment, may push Neiman Marcus merger, Bloomberg says
KKR (KKR) is considering an investment in Saks (SKS) and may push Saks to pursue a merger with Neiman Marcus, reports Bloomberg, citing people with knowledge of the matter. Saks shares are up $2.25, or 16.46%, to $15.92 after reports last night said the company retained Goldman Sachs (GS) to explore strategic alternatives, including a possible sale. Reference Link | | | 12:07 EDT | | AAPL, SSNLF | Consumer Reports says Galaxy S 4 is top smartphone, iPhone 5 fifth, CNN says
Subscribe for More Information | | | 11:31 EDT |  | GE | General Electric reaffirms 2013 operating framework
Subscribe for More Information | | | 09:42 EDT |  | AAPL | Apple rises in early trading, levels to watch
Subscribe for More Information | | | 09:39 EDT | | AAPL | Active equity option families trading
Subscribe for More Information | | | 09:02 EDT |  | GS | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. | | | | 07:24 EDT |  | GE | Electrical Products Group to host a conference
Subscribe for More Information | | | 07:10 EDT | | AAPL | Apple bonds lose $280.6M as rates increase, Bloomberg reports
Apple’s bonds have lost $280.6M of market value since buyers bought $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, reports Bloomberg.Reference Link | | | 07:10 EDT | | SSNLF | Samsung, LG TV screen troubles benefit Sony, Sharp, Bloomberg reports
Subscribe for More Information | | | 07:09 EDT | | AAPL | Apple used unusual tax loophole in Ireland to shelter billions, Reuters reports
Subscribe for More Information | | | 06:23 EDT | | SSNLF | Samsung to launch complete line up of notebooks in 2H13, DigiTimes says
Subscribe for More Information | | | 06:02 EDT | | SSNLF, AAPL | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Since the financial crisis, bonds backed by a single loan have been less common than securities made up of a group of unrelated loans. But the market for loans on commercial properties has changed in recent months and is booming again--$12.1B so far this year--the Wall Street Journal reports...Big phone companies (SAP, T, TEF, VZ, VOD, CCO) have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns, the Wall Street Journal reports...REUTERS: Apple's (AAPL) ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple channeled profits into Irish-incorporated subsidiaries that had no declared tax residency anywhere in the world, Reuters reports...The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from the Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, Reuters reports...BLOOMBERG: Samsung (SSNLF) and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs nearly $10,000 a set. The misstep has created an opening for Sony (SNE), Sharp (SHCAY) and Chinese maker Skyworth Digital, Bloomberg reports...Apple’s (AAPL) bonds have lost $280.6M of market value since buyers snapped up $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, Bloomberg reports. | | | May 21, 2013 | | 18:56 EDT | | GS | On The Fly: After Hours Movers
Subscribe for More Information | | | 17:03 EDT | | GS | Merck announces $5B share repurchase
Subscribe for More Information | | | 16:04 EDT | | AAPL | Options Update; May 21, 2013
Subscribe for More Information | | | 10:33 EDT | | GE | Boeing confirms completion of 747-8 test flight
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