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News Breaks | | | | September 4, 2012 | | 12:16 EDT |  | NFLX, MRX, GM, VIA, HEK, FIATY, ARMH, AMZN, VRX, F, LGF | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after disappointing economic reports in the U.S. and from China. The averages opened relatively quietly as investors returned from the holiday weekend. Shortly after the broader market opened several economic reports were released, which brought out the sellers. Construction spending was lower than expected, as was the manufacturing index. The disappointing data pushed the market lower, where it settled in a narrow range in negative territory... ECONOMIC EVENTS: In the U.S., the final Markit U.S. Manufacturing Purchasing Managers Index fell to 51.5 from a preliminary estimate of 51.9. The Institute for Supply Management said its index of national factory activity fell to 49.6 in August from 49.8 in July, coming in short of the 50.0 consensus estimate. A separate report showed construction spending dropped 0.9% in July, versus forecasts for it to rise 0.4%. In Europe, Spanish and Italian bond yields fell after the European Central Bank's President, Mario Draghi, said that buying short-term sovereign debt did not breach any European Union rules, hinting that the bank would resume making such purchases. In China, the government's official manufacturing PMI was reported over the holiday weekend and fell to 49.2, which was worse than expected... COMPANY NEWS: General Motors (GM), Ford (F) and Fiat-owned (FIATY) Chrysler all reported that their U.S. sales rose by double digits in August... MAJOR MOVERS: Among the notable gainers was Medicis Pharmaceuticals (MRX), up 38% to $43.54 after Canada’s Valeant Pharmaceuticals (VRX) said Monday afternoon it would buy the company for $44 per share. Valeant's stock also rose 15% in the first day of New York trading after the announcement. Also higher were shares of Hekmann (HEK), up 24% after it said it will merge with privately held Power Fuels. Among the noteworthy losers was Netflix (NFLX), down 8% after Amazon.com (AMZN) announced that it had signed a deal with Epix, which will enable Amazon Prime users to access movies from Viacom's (VIA) Paramount Pictures, Lionsgate (LGF), and Metro-Goldwyn-Mayer. Also lower was ARM Holdings (ARMH), down 9% after Deutsche Bank downgraded the stock to Sell, citing falling smartphone chip prices and slowing earnings growth... INDICES: Near noon, the Dow was down 97.91, or 0.75%, to 12,992.93; the Nasdaq was down 19.26, or 0.63%, to 3,047.70; and the S&P 500 was down 8.18, or 0.58%, to 1,398.40. | |
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News For GM;F;FIATY;MRX;VRX;HEK;NFLX;AMZN;VIA;LGF;ARMH From The Last 14 Days Check below for free stories on GM;F;FIATY;MRX;VRX;HEK;NFLX;AMZN;VIA;LGF;ARMH the last two weeks. |
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| May 22, 2013 | | 13:56 EDT |  | AMZN | Amazon.com to add 500 jobs in Web services unit, Washington Post says
 Subscribe for More Information | | | 12:17 EDT | | GM | GM to bring apps to some autos, Cnet reports
Subscribe for More Information | | | 12:05 EDT |  | VIA | Viacom increases quarterly dividend to 30c from 27.5c
Viacom announced that its board has approved an increase in its quarterly dividend to 30c per share of Class A and B common stock from 27.5c per share. The increase will take effect beginning with Viacom's next quarterly dividend, payable on July 1, to stockholders of record at the close of business on June 14. | | | 12:03 EDT | | VIA | Viacom raises quarterly dividend to 30c from 27.5c
Subscribe for More Information | | | 11:06 EDT | | F, GM, FIATY | Auto industry rallies after Ford, Chrysler curtail summer breaks
Shares of Ford (F), Fiat (FIATY) and GM (GM) are climbing after Ford and Fiat's Chrysler subsidiary announced that they would curtail their factories' traditional two week summer hiatus. Shares of a number of auto parts makers are also advancing following the news. WHAT'S NEW: Ford said it would idle some of its plants for only one week this summer, down from the usual two weeks. Chrysler reported that it would keep three of its assembly plants open all summer, while four of its plants will close for just one week and almost all of its engine, transmission and stamping plants will not take any breaks, according to Automotive News. GM did not disclose its specific plans, the website added. TODAY'S PRICE ACTION: In mid-morning trading, Ford climbed 1.7% to $15.20, Fiat added 0.9% to $7.05, and GM rose 0.8% to $33.65. Among auto parts makers, American Axle (AXL) advanced 1.6% to $17, Johnson Controls (JCI) climbed 0.8% to $37.85, and Dana Holding (DAN) rose 1.2% to $18.80. | | | 09:07 EDT | | AMZN | Amazon introduces 'Kindle Worlds' commercial publishing platform for fan fiction
Amazon Publishing announced Kindle Worlds, the first commercial publishing platform that will enable any writer to create fan fiction based on a range of original stories and characters and earn royalties for doing so. Amazon Publishing has secured licenses from Warner Bros. Television Group’s Alloy Entertainment division for its series Gossip Girl, Pretty Little Liars, and Vampire Diaries and plans to announce more licenses soon, the company said. Through these licenses, Kindle Worlds will allow any writer to publish authorized stories inspired by these Worlds and make them available for readers to purchase in the Kindle Store. Amazon Publishing will pay royalties to both the rights holders of the Worlds and the author. | | | 08:50 EDT |  | ARMH | ARM Holdings estimates raised at Canaccord
Subscribe for More Information | | | 07:46 EDT | | F | Ford shares could rise 50% over next two years, Barron's says
Subscribe for More Information | | | 05:55 EDT | | LGF | Lionsgate achieves record sales of $250M at 2013 Cannes market
Lionsgate announced to its International distribution partners, the lineup of films for the 2013 Cannes Film Festival, achieving a company record of more than $250M in sales for nine titles that included Mockingjay 1 and 2, the third and fourth installments of the global blockbuster Hunger Games franchise, Step Up 5 and upcoming Lionsgate and Summit titles such as Draft Day, The Last Witch Hunter and Lionsgate UK's A Little Chaos. | | | 05:36 EDT | | F | Ford raises N American capacity by 200K units, reduces summer shutdown, adds jobs
Subscribe for More Information | | | | May 21, 2013 | | 16:04 EDT |  | F | Options Update; May 21, 2013
Subscribe for More Information | | | 13:17 EDT | | NFLX | Netflix says Ricky Gervais' original series to debut September 12
Subscribe for More Information | | | 10:22 EDT | | ARMH | ARM Holdings named a short Research Tactical Idea at Morgan Stanley
Subscribe for More Information | | | 10:03 EDT |  | HEK | Heckmann management to meet with Needham
Meeting to be held in the Midwest on May 22 hosted by Needham. | | | 09:33 EDT | | F | Bloomberg LINK to host a summit
Subscribe for More Information | | | 09:07 EDT | | AMZN | Amazon.ca introduces Amazon Cloud Drive for Canada
All customers get 5 GB of free storage. Additional storage plans start at C$10 a year, the company said. | | | 07:32 EDT | | GM | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 06:17 EDT | | GM, FIATY, F | Detroit automakers rebound as style sells, Bloomberg reports
Subscribe for More Information | | | 05:33 EDT | | AMZN | Amazon Web Services achieves FedRAMP compliance for AWS GovCloud
Amazon Web Services, or AWS, an Amazon.com company, announced AWS GovCloud and all U.S. AWS Regions have received an Agency Authority to Operate, or ATO, from the U.S. Department of Health and Human Services, or HHS, under the Federal Risk and Authorization Management Program, or FedRAMP, requirements at the Moderate impact level. FedRAMP is a U.S. government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. With this distinction, AWS has demonstrated it can meet the extensive FedRAMP security requirements and as a result, an even wider range of government customers can leverage AWS's secure environment to store, process, and protect a diverse array of sensitive government data. Leveraging the HHS authorization, all U.S. government agencies now have the information they need to evaluate AWS for their applications and workloads, provide their own authorizations to use AWS, and transition workloads into the AWS environment. | | | May 20, 2013 | | 15:11 EDT | | GM | GM marketing push set for new pickups, Reuters says
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