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Stock Market & Financial Investment News

News Breaks
April 24, 2012
04:55 EDTGE, GE, GE, GLW, GLW, GLW, NRG, NRG, NRG, GM, GM, GM, HIT, HIT, HIT, F, F, F, GOOG, GOOG, GOOG, BA, BA, BA, CSCO, CSCO, CSCOSAE International to host a conference
SAE 2012 World Congress is being held in Detroit on April 24-26.
News For GE;GLW;NRG;GM;HIT;F;GOOG;BA;CSCO From The Last 14 Days
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October 9, 2014
16:49 EDTGOOGOracle hires former director of engineering from Google, Re/code reports
Oracle (ORCL) hired Peter Magnusson, former director of engineering at Google (GOOG) and VP of engineering at Snapchat, two weeks ago in a move to improve its cloud computing business, Re/code reports, citing sources familiar with the move. Reference Link
14:37 EDTGOOGYahoo looking to make Tumblr another YouTube, Business Insider says
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13:56 EDTBAObama calls on Congress to lift defense spending cuts, Politico says
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13:39 EDTCSCOCisco denies rumors that it will stop investing in VCE JV, The Register reports
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13:37 EDTCSCOCisco may end further investment in VCE JV, CRN reports
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11:25 EDTCSCOCisco and TCL to set up $80M China cloud joint venture, Reuters reports
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09:33 EDTGEGE, Verizon announce alliance
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09:17 EDTGMOmix Ada recalls floor mats used in Chevrolet, GMC trucks, SUVs
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08:02 EDTFPandora announces new auto partnership with Ford Australia
Pandora (P) Internet Radio has officially announced its partnership with Ford (F) Australia. The launch, effective across a range of nameplates including Fiesta ST and Focus ST and Ford Kuga line up, will continue to roll out across other Ford nameplates including the Fiesta, Focus, Ranger and Transit range by early 2015. Pandora locally also partners with Holden and Mazda, and will soon be released on new model Nissans (NSANY).
07:54 EDTGEGeneral Electric to hold a meeting
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06:52 EDTCSCOTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:29 EDTGOOGIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTGOOGGoogle's tax arrangement facing new challenge by France, WSJ reports
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06:22 EDTBA, GECFM launches next phase of testing for LEAP engine
CFM International's LEAP engine took the skies for the first time on October 6 on a modified 747 flying testbed at GE Aviation Flight Test Operations in Victorville, California, launching the next phase of testing for the advanced engine program. The engine behaved well and completed multiple aeromechnical test points at various altitudes during the nearly three-hour first flight. Over the next several weeks, the engine will complete a comprehensive test schedule that will gauge engine operability, stall margin, performance, and acoustics. The LEAP-1A/-1C variants are on track for engine certification in 2015. The total program, which encompasses all three LEAP engine variants, includes 28 ground and CFM flight test engines, along with a total of 32 flight test engines for Airbus (EADSY), Boeing (BA), and COMAC. Although all three LEAP engine variants will fly on the modified testbed, the configuration currently being tested is a fully integrated propulsion system. CFM is a joint venture between GE (GE) and France's Safran. Reference Link
October 8, 2014
10:33 EDTFFord falls to fresh 52-week low, levels to watch
The shares are down 2% at time of writing to $13.82, just above the fresh 52-week low set earlier today at $13.76. Support below today's low is at $13.36. Resistance is at the session high at $14.10.
09:48 EDTGOOGGoogle says new movies can be pre-ordered, watched on first day of availibility
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09:38 EDTCSCOCisco breakup would not create much value, says Citigroup
Citigroup says its analysis shows that a breakup of Cisco would not create much more value than the current share price. With CEO John Chambers' likely retirement next year, however, Citi thinks the Cisco board is likely to at least entertain the option of a split. The firm sees a low probability of a breakup taking place and keeps a Sell rating on Cisco shares. Citi upped its price target for the stock to $22 from $20.50. Citi's analysis of Cisco follows breakup decisions by HP (HPQ) and JDSU (JDSU) and Bloomberg's report this morning that Symantec (SYMC) is in advanced talks to split into two separate companies. This report corrects the rating on Cisco shares to Sell.
08:19 EDTBAAerCap reports 134 aircraft transactions completed during Q3
AerCap Holdings (AER) announced the completion of 134 aircraft transactions during Q3. Signed lease agreements for 84 aircraft. Delivered 26 aircraft under contracted lease agreements. Purchased nine new aircraft, including five Boeing (BA) 787-8s, three Boeing 737-800s and one Airbus (EADSY) A321-200. Executed sale and part-out transactions for 15 aircraft, including: one Airbus A300-600F, one Airbus A340-300, eight Boeing B737 classics, one Boeing B767-300ER and two MD-11s from AerCap's owned portfolio. One Boeing 737 classic and one Airbus A320-200 from AerCap's managed portfolio. Signed financing transactions for $1.5B, including the previously announced private offering of $800M. The total financing transactions completed year-to-date amount to $8.9B.
07:46 EDTGOOGcomScore well positioned for change, says Brean Capital
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06:35 EDTCSCOCisco's reorganization affects up to 25,000 employees, Business Insider reports
Cisco's reorganization of its routing and switching engineering business could affect up to 25,000 employees, reports Business Insider. Citing sources in Silicon Valley, the reorganization involves massive changes for the unit, moving from individual teams to two big overarching teams with one group focused on software and the other on hardware. Due to the changes, sources say a lot of senior employees have begun send out resumes. Reference Link
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