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Stock Market & Financial Investment News

News Breaks
February 22, 2013
12:18 EDTWBMD, FIRE, AIG, FRO, ARUN, HPQ, MMSIOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, bouncing back from two down days fueled by worries that the Fed may pull back on its easing actions sooner than expected. European markets were helped by a better than expected German business confidence survey, despite some other downbeat data and forecasts, and U.S. markets followed their lead. Also helping the Dow was better than expected earnings from two of its members... ECONOMIC EVENTS: In the U.S., no market moving economic data was reported. In Germany, Federal Statistics Office data confirmed an earlier flash estimate that the nation's GDP shrank 0.6% from the prior quarter in the last three months of 2012. However, the Ifo Institute business confidence reading rose to 107.4 from 104.2 in January, beating expectations for a 105.0 February figure. Also in Europe, the European Commission lowered it forecast for gross domestic product in the 17-nation region, estimating now that GDP will fall 0.3% this year. The EC predicted in November that the region's economy would grow 0.1% in 2013... COMPANY NEWS: Hewlett-Packard (HPQ) surged 9% higher and led the Dow Jones Industrial Average after its Q1 results topped estimates on both the top and bottom lines. HP's earnings guidance for the current quarter was also better than expected. Also reporting better than expected results, and seeing its shares rise, was fellow Dow component American International Group (AIG). The insurer's operating earnings were better than forecast and its stock advanced over 2%... MAJOR MOVERS: Among the other notable gainers following their earnings reports were WebMD (WBMD), up 24%, Aruba Networks (ARUN), up 21% and Sourcefire (FIRE), up 14%. Among the noteworthy losers was Merit Medical (MMSI), which fell 19% and was downgraded at Raymond James following its quarterly report. Also lower were shares of Frontline (FRO), which declined nearly 14% after the company provided preliminary Q4 earnings, said it expects the following quarter's operating results to be lower and announced it will will not pay a dividend for Q4... INDICES: Near noon, the Dow was up 69.34, or 0.50%, to 13,949.96; the Nasdaq was up 17.80, or 0.57%, to 3,149.29; and the S&P 500 was up 7.59, or 0.51%, to 1,510.01.
News For HPQ;AIG;WBMD;ARUN;FIRE;MMSI;FRO From The Last 14 Days
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March 30, 2015
09:53 EDTAIGBofA/Merrill life insurance analyst holds an analyst/industry conference call
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07:28 EDTARUNPalo Alto Networks to hold a security conference
Ignite 2015 is being held in Las Vegas on March 30-April 1.
March 27, 2015
09:37 EDTHPQActive equity options trading on open
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06:03 EDTHPQHP close to deal to sell control of H3C Technologies, WSJ reports
According to sources, The Wall Street Journal reports Hewlett-Packard is close to a deal to sell a 51% stake in H3C Technologies, its data-networking business in China, to Tsinghua Unigroup. One source cautions that a deal may still be "a few weeks away," adding that it may also include a separate server operation. The business is said to be worth about $5B in total. Reference Link
March 26, 2015
14:39 EDTHPQHP close to deal to sell control of Chinese unit, Dow Jones says
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07:25 EDTHPQThe Economist to hold a forum
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06:05 EDTHPQIntel to partner with notebook makers for Chromebook 2-in-1s, DigiTimes says
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March 25, 2015
06:04 EDTHPQStocks with implied volatility below IV index mean; CSCO HPQ
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March 24, 2015
10:02 EDTHPQHP partners with Bang & Olufsen to bring premium sound to PCs
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05:57 EDTHPQStocks with implied volatility below IV index mean; CSCO HPQ
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March 23, 2015
10:17 EDTHPQHP management to meet with Jefferies
Meetings to be held in Texas March 25-27 hosted by Jefferies.
07:39 EDTHPQHP break-up value in at least the low $40's, says UBS
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March 20, 2015
18:12 EDTAIGU.S. Court approves AIG investors' $970.5M settlement, Reuters reports
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09:05 EDTHPQJefferies Euro offshore IT services analyst has analyst/industry conference call
Analysts discusses the market growth in Ofshore IT Services in Continental Europe which is expected to outpace project growth in the U.S., with Cognizant Technology Solutions/EPAM Systems best positioned and IBM/Hewlett Packard disadvantaged on an Analyst/Industry conference call to be held on March 20 at 10 am.
07:46 EDTAIGAllstate, AIG, others questioned by regulator over pricing method, WSJ says
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March 19, 2015
08:35 EDTHPQTsinghua on short list of potential buyers of HP China units, Bloomberg says
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07:47 EDTHPQHP raises quarterly dividend to 17.6c per share from 16c per share
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07:02 EDTHPQHP CEO says company split on track for November 1, Bloomberg says
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March 18, 2015
17:26 EDTHPQHP CEO says split of company should happen around Nov. 1 2015, Bloomberg says
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09:00 EDTHPQPitney Bowes renews strategic alliance with Hewlett-Packard
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