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Stock Market & Financial Investment News

News Breaks
January 3, 2014
12:40 EDTQLYS, FEYE, GM, PFPT, HLF, KEYW, FOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with only the Dow hanging on to its early session gains. The market opened in positive territory and looked set to recapture some of its losses from yesterday. As the morning progressed, however, the averages weakened and eventually turned mixed. The Nasdaq was the first index to fall into negative territory and the S&P fell into the red as well right before noon. The volume remains light, as many market participants remain on the sidelines given the mid-week holiday and the storm that hit the Northeast. ECONOMIC EVENTS: In the U.S., the New York ISM fell to 63.8 in December from a prior reading of 69.5. Crude oil inventories fell by more than projected last week, drawing down by about 7M barrels. COMPANY NEWS: Auto makers released their U.S. sales data for December. General Motors (GM) reported its sales fell by over 6% during the month compared to last year and its stock declined over 3% following the announcement, while Ford (F) shares rose fractionally after the company's December sales grew by almost 2%... Shares of computer-security firm FireEye (FEYE) jumped over 31% after the company announced last night that it had bought privately held cybersecurity firm Mandiant in a deal valued at $1 billion. Separately, FireEye raised its revenue outlook and analysts at Bank of America Merrill Lynch and JPMorgan increased their price targets on its shares. Other stock in the cybersecurity industry advanced as well following the deal, with KEYW (KEYW), Proofpoint (PFPT) and Qualys (QLYS) all trading higher. MAJOR MOVERS: Among the notable gainers was Chinese travel search website operator Qunar (QUNR), which rose nearly 10% after the company said that it achieved a single-day record for air ticket bookings, with more than 60K over the New Year holiday. Also higher was Delta (DAL), which jumped 4% after reporting its Passenger Revenue per Available Seat Mile, or PRASM, was up 10% in December compared to the prior year. Among the noteworthy losers was RF Industries (RFIL), which dropped 21% after reporting preliminary Q4 earnings and revenue that were down from the prior year. Also lower were shares of Herbalife (HLF), which fell more than 4% after the Federal Trade Commission announced it will hold a press conference next Tuesday to announce an initiative against "deceptive advertising of weight-loss products," though the FTC did not name the products or manufacturers it will target. INDEXES: Near midday, the Dow was up 26.91, or 0.16%, to 16,468.26, the Nasdaq was down 13.69, or 0.33%, to 4,129.38, and the S&P 500 was down 0.41, or 0.02%, to 1,831.57.
News For GM;F;HLF;FEYE;KEYW;PFPT;QLYS From The Last 14 Days
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May 14, 2015
14:01 EDTFEYEFireEye currently unwilling to consider sale, Re/code reports
After Cisco (CEO) John Chambers said last night on the company Q3 conference call that he "wouldn't bet on" the rumor that his company was targeting an acquisition of FireEye (FEYE), Re/code's Arik Hesseldahl added that FireEye is not for sale in any case. The security company's management would not be willing to entertain takeover offers before it reaches $1B in annual revenue, sources familiar with the matter told Hesseldahl. Reference Link
11:43 EDTGMU.S. appeals court dismisses UAW retiree benefit suit, Reuters reports
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10:27 EDTFDTE Energy partners with Domino's Farms and Ford to build solar arrays
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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.
08:21 EDTPFPT, FEYEFinjan says patent suits ongoing with numerous cybersecurity companies
Finjan (FNJN) said it has an active Markman Hearing schedule with two Markman Hearings already concluded in favor of the company and two additional Markman Hearings to be held in Q2. The company has a two-week trial against Blue Coat set to commence on July 20. Finjan has patent infringement lawsuits against FireEye (FEYE), BlueCoat, Proofpoint (PFPT), Sophos, Symantec (SYMC), and Palo Alto Networks (PANW) relating to, collectively, more than 20 patents in the Finjan portfolio. Subsequent to the quarter end, Finjan entered into a negotiated license agreement with F-Secure Corporation, a company incorporated in Finland. The agreement provides for F-Secure to pay Finjan the sum of $1M in cash, to be paid in two installments, consisting of $700,000 which was received on April 22 and $300,000 on or before March 31, 2016. The agreement also provides for the assignment by F-Secure to Finjan of two patents, U.S. Patent Nos. 8,474,048 and 7,749,991.
May 13, 2015
18:04 EDTFEYECisco CEO says don't bet on talk of FireEye acquisition
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10:32 EDTFEYEFireEye calls active on renewed takeover chatter
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10:20 EDTFEYERumor: FireEye moves up on renewed takeover chatter
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09:57 EDTKEYWKEYW management to meet with Maxim
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09:57 EDTKEYWKEYW management to meet with FBR Capital
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08:11 EDTGMGeneral Motors and Toyota implement Microchip's infotainment networking devices
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07:21 EDTPFPT, QLYSCredit Suisse to hold a conference
4th Annual Disruptive Technology Conference is being held in San Francisco on May 13-14 with webcasted company presentations to begin on May 13 at 10:35 am; not all company presentations may be webcasted. Webcast Link
May 12, 2015
19:31 EDTGMGM recalls 522,000 Malibu, Colorado, Canyon models, Auto News says
General Motors is recalling roughly 53,000 2015 Chevrolet Colorado and GMC Canyon pickup trucks due to faulty seat frame hooks, as well as 469,000 2011-2012 Chevrolet Malibus with weak seat belt cables, reports Automotive News, citing an emailed statement from the company. GM said it is aware of 36 claims and one minor injury related to the Malibu seat belt defect, though no accidents or fatalities have been reported. Reference Link
18:47 EDTHLFCasino union requests Herbalife investigation, Reuters says
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17:10 EDTGMGeneral Motors halts Brazilian factory over shipping troubles, Reuters says
GM has halted production at a factory in southern Brazil after transportation firms Tegma and Transzero stopped shipping cars from the plant, reports Reuters, citing company statements. Reference Link
May 11, 2015
10:44 EDTGMGM ignition fund approves claims for 100 deaths, Detroit News says
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May 10, 2015
15:28 EDTFFord Venezuela to only sell vehicles in U.S. dollars, Reuters says
Ford's Venezuelan unit will sell vehicles exclusively in dollars beginning late June, Reuters reported Friday, citing two sources familiar with the situation. The country's currency control system has created difficulties converting vehicle sales to dollar revenue, noted Reuters. Reference Link
May 8, 2015
16:36 EDTHLFStocks end week higher as jobs data, M&A boosts shares
Stocks finished the week higher as favorable U.S. jobs data and significant M&A news boosted the major averages. MACRO NEWS: Weekly jobless claims and nonfarm payrolls for April both beat expectations. The U.S. unemployment rate fell to 5.4% from 5.5%. Other U.S. economic data points were mixed, as a services sector index for April beat expectations, while factory orders for March were in-line with the consensus estimate... Fed Chairman Janet Yellen said that high equity valuations could pose potential dangers... In China, exports fell 6.2% and imports slid 16.1% in April, according to government data... In Europe, the Conservative party succeeded in a surprise election victory in the U.K. and David Cameron will return as prime minister. Elsewhere in the region, a report showed that industrial production in Germany unexpectedly declined 0.5% in March. COMPANY NEWS: Yelp (YELP) rallied after Dow Jones reported that the company is looking to sell itself... Bloomberg reported early in the week that Microsoft (MSFT) was considering a bid for software as a service provider Salesforce (CRM). However, Reuters reported today that Microsoft isn't currently interested in buying the cloud company... Agricultural products maker Monsanto (MON) confirmed that it had made a bid to acquire Syngenta (SYT) for 449.00 CHF per share. Switzerland based Syngenta, which develops crop protection and seed products, turned down the offer, which it believes undervalues the company... McDonald's (MCD) said it would restructure its business into four segments, accelerate the pace of its refranchising and reach the top end of its three year $18B-$20B cash return to shareholders target by the end of 2016... Cisco (CSCO) announced that Chuck Robbins would take over as CEO and that John Chambers would assume the role of executive chairman on July 26... Among the companies whose stocks fell following their earnings reports were organic foods supermarket chains Whole Foods (WFM) and Sprouts Farmers Markets (SFM) and accessories designer Kate Spade (KATE). Conversely, the shares of Herbalife (HLF) and data analytics tool provider Tableau (DATA) advanced after their quarterly reports. INDEXES: For the week, the Dow rose 0.9% to 18,191.11, the Nasdaq fell 0.05% to 5,003.55, and the S&P 500 gained 0.36% to 2,116.10.
09:03 EDTF, GMBofA/Merrill auto analysts hold an analyst/industry conference call
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