New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 4, 2012
12:10 EDTIBM, GE, YHOO, PPO, GM, DDIC, VIAS, SNDK, WBMDOn The Fly: Mid-Day Wrap
Stocks on Wall Street were sharply lower at mid-day, as the slide that began after yesterday's release of the Federal Open Market Committee minutes deepened. The comments which sank the market revolved around the lack of additional stimulus unless the economy faltered, ruling out at least for the time being any semblance of further quantitative easing. Though Fed Chairman Bernanke said as much last month, the market reacted strongly late yesterday and again today after digesting the implications further. The economic data released today was generally in line with expectations but did little to improve the dour tone of the market... ECONOMIC EVENTS: In the U.S., ADP said the private sector added 209K jobs in March, just exceeding forecasts for the addition of 206K jobs. The ISM non-manufacturing index had a reading of 56.0, versus expectations for 56.8. Crude oil inventories built up by much more than expected, growing by 9M barrels. In Europe, Spain's bond yields rose following the country's first auction after its new austerity budget had been announced. Also, the European Central Bank left its benchmark rate unchanged at 1.0%... COMPANY NEWS: IBM (IBM) shares were downgraded to Neutral from Buy at Bank of America's Merrill Lynch, which cited valuation and limited earnings upside in the near-term, though the firm did raise its price target on the stock to $215 from $205... Moody's downgraded the debt ratings of General Electric (GE) and its finance unit, General Electric Capital Corporation... Yahoo! (YHOO) confirmed that it will cut about 2,000 jobs as part of a restructuring that its new CEO Scott Thompson said will result in a "smaller, nimbler, more profitable" company... MAJOR MOVERS: Among the notable gainers were Polypore (PPO), after William Blair said General Motor's (GM) decision to restart Volt production earlier than planned could be a positive for the battery component supplier, and DDi Corp. (DDIC), on news it will be acquired by Viasystems Group (VIAS) for $13 per share. Noteworthy losers included SanDisk (SNDK), after the company lowered its Q1 revenue guidance, and WebMD (WBMD), after the company said it expects to acquire about 5.77M shares of its common stock at a price of $26.00 per share pursuant to its completed modified "Dutch auction" tender offer... INDICES: Near noon, the Dow was down 145.95, or 1.11%, to 13,053.60; the Nasdaq was down 53.46, or 1.72%, to 3,060.11; and the S&P 500 was down 15.89, or 1.12%, to 1,397.49.
News For IBM;GE;YHOO;PPO;GM;DDIC;VIAS;SNDK;WBMD From The Last 14 Days
Check below for free stories on IBM;GE;YHOO;PPO;GM;DDIC;VIAS;SNDK;WBMD the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
July 22, 2014
07:05 EDTIBMIBM promotes Frances West to Chief Accessibility Officer
Subscribe for More Information
05:56 EDTYHOOYahoo paying over $200M for Flurry, TechCrunch reports
Subscribe for More Information
July 21, 2014
16:52 EDTYHOOGoogle ranked as top U.S. search marketplace in June
Subscribe for More Information
16:41 EDTYHOOYahoo to acquire Flurry
Yahoo! and Flurry, Inc. announced that they have reached a definitive agreement for Yahoo to acquire Flurry. Yahoo is on a mission to re-imagine users’ daily habits, and mobile is at the center of everything we do. Our agreement to acquire Flurry is a meaningful step for the company and reinforces Yahoo’s commitment to building and supporting useful, inspiring and beautiful mobile applications and monetization solutions. By joining Yahoo, Flurry will have resources to speed up the delivery of platforms that help developers build better apps, reach the right users, and explore new revenue opportunities. Together, the companies can make mobile experiences better through products that are more personalized and more inspiring. Analytics are critical for all mobile developers to understand and optimize their applications. Yahoo and Flurry are reinvesting in developers and continuing to build great analytics products. The combined scale of the two companies will accelerate revenue growth for thousands of developers and publishers across the mobile ecosystem. In addition, the joined offerings of Yahoo and Flurry will enable more effective mobile advertising solutions for brands seeking to reach their audiences and gain unique insights across desktop and mobile, and users will benefit from more personalized app experiences. Following the closing, the Flurry team will remain in their present locations, and Flurry’s vision, mission, and focus will stay the same. Flurry’s products will continue to operate and innovate with Yahoo’s support and investment. The transaction is subject to customary closing conditions.
14:59 EDTYHOOYahoo to buy mobile and app analytics start-up Flurry, Re/code says
Subscribe for More Information
14:55 EDTYHOOYahoo to buy Flurry for 'hundreds of millions,' Re/code says
Subscribe for More Information
14:11 EDTYHOOYahoo to be exclusive U.S home for pre-theatrical release of 'One Chance'
Yahoo announced in a post to Tumblr, that it will be the exclusive US home for the pre-theatrical release of the Weinstein Company’s film “One Chance.” The company said, "Whether it’s comedy, live events or inspiring stories, we are always looking to bring the very best content from the world’s greatest creators to our audience. That’s why today, we’re thrilled to announce that this fall, we’ll be the exclusive US home for the pre-theatrical release of the Weinstein Company’s film “One Chance.” Reference Link
13:15 EDTYHOOGoogle ranked as top online video content property in June
Subscribe for More Information
11:57 EDTGMChinese electric vehicle maker Kandi surges after tax break news
Shares of Chinese electric car maker Kandi Technologies (KNDI) are surging after a Chinese newspaper reported that electric cars made outside of China would not qualify for a key tax break in the country. WHAT'S NEW: A key sales tax will not be waived on purchases of electric cars made outside of China, said Su Bo, China's vice-minister of the Industry and Information Technology Ministry, according to China Daily. Buyers of electric vehicles made in China will not have to pay a purchase tax from September 1, 2014 until the end of 2017, China Daily stated. WHAT'S NOTABLE: Tesla Motors (TSLA), Nissan (NSANY) and GM (GM) have all sought to sell electric vehicles in China. PRICE ACTION: In late morning trading, Kandi Technologies' stock rose $1.66, or 8.5%, to $21.28. The shares are well off their high for the day of $22.22, but they have surged 80% so far this year. Tesla shares, which had spent some of the morning in slightly negative ground, were up about 1% near $222 per share just before noon.
11:31 EDTIBMXerox names Kennedy Chief Marketing Officer
Subscribe for More Information
10:42 EDTSNDK, YHOOOptions with decreasing implied volatility
Subscribe for More Information
09:31 EDTGEGE gas engine technology chosen for power project in Mexico
Subscribe for More Information
09:05 EDTGEGE unit invest $5M in Mebane manufacturing operations
GE’s Industrial Solutions business is investing $5M to strengthen its Mebane North Carolina operations, adding production and testing capabilities that enhance the customer experience. The investment builds on the company’s local footprint that was expanded in October 2013 with the grand opening of GE’s Power Equipment and Power Components global headquarters in Cary, North Carolina. The investment will enable Mebane operations to transition to a dedicated, regional customer experience center where co-located teams will work collaboratively to streamline manufacturing processes and bring new electrical distribution technologies to market. Production of GE’s automatic transfer switches for the data center market is also included in the transition, creating approximately 60 jobs and related growth to the local economy.
08:08 EDTPPOPolypore receives favorable ruling on preliminary injunction against LG Chem
Polypore announced that the United States District Court for the Western District of North Carolina has granted a motion by Celgard, a subsidiary of Polypore International, for a preliminary injunction against LG Chem, and LG Chem America. The judge's order granting the injunction is currently under seal; portions of the order may be released in the future at the court's discretion. Celgard had requested a preliminary injunction to prohibit the importation, sale or offer for sale in the United States and inducement of others to use, sell or offer for sale lithium-ion batteries, including batteries used in electric drive vehicles and consumer electronics, which contain LG's ceramic coated lithium-ion battery separator, until a full trial on the matter is concluded. The lawsuit and motion for injunction are based on Celgard's assertion that LG infringes Celgard's patent, which claims ceramic composite layer lithium-ion battery separators first developed by Celgard for high-energy rechargeable lithium-ion batteries.
07:30 EDTGEGeneral Electric annual targets a 'stretch,' says JPMorgan
Subscribe for More Information
07:18 EDTGEAlstom CEO not concerned over complexities added to deal by France, FT says
Subscribe for More Information
07:15 EDTYHOOO'Reilly to hold a conference
Subscribe for More Information
06:21 EDTGMGeneral Motors eyeing budget cars for Europe, FT reports
Subscribe for More Information
06:12 EDTGMGeneral Motors delays recall in another ignition switch case, ABC News says
Subscribe for More Information
July 19, 2014
20:10 EDTGMGM issues stop-sale on certain 2014 Cadillac CTS sedans, Bloomberg says
General Motors has issued a stop-sale order dated July 8 to its dealers for 2014 Cadillac CTS sedans that use a standard key ignition, says Bloomberg. Reference Link
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use