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Stock Market & Financial Investment News

News Breaks
March 5, 2013
08:20 EDTAAPL, INTC, BRCD, CSCOIntel foundry business could reach 6% of revenue by 2017, says JPMorgan
JPMorgan believes that Intel (INTC) is likely to gain Cisco (CSCO) and Brocade (BRCD) as customers for its foundry business next, and could get some business from Apple (AAPL) over the next few years. The firm, however, doesn't expect the business to add more than 12c to Intel's EPS by 2017 and it maintains a Neutral rating on Intel.
News For INTC;CSCO;BRCD;AAPL From The Last 14 Days
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May 21, 2013
16:04 EDTAAPLOptions Update; May 21, 2013
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13:08 EDTINTCIntel CEO creates 'new devices' group, Reuters reports
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09:42 EDTAAPLActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C
09:34 EDTAAPLApple trades lower, levels to watch
The shares are down less than 1% in the early going, last at $439.04. At that price, next support is at $437.85, a prior pivot high and then at $433.26. Resistance is at $444.46.
08:12 EDTAAPLSenate Homeland Security and Governmental Affairs Committee to hold a hearing
The Permanent Subcommittee on Investigations holds a hearing entitled, "Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)" with CEO Cook, SVP & CFO Oppenheimer and Head of Tax Operations Bullock of Apple (AAPL) on May 21 at 9:30 am. Webcast Link
07:50 EDTAAPLIreland rejects allegations that it's a tax haven, FT reports
Ireland rejected allegations contained in a U.S. Senate committee report that it is a tax haven which has helped Apple avoid paying billions of dollars in taxes worldwide, reports the Financial Times. Deputy Prime Minister Eamon Gilmore said Ireland was “a highly tax compliant country” and loopholes in other countries were to blame for multinational companies’ use of complex tax avoidance strategies. Reference Link
07:05 EDTAAPLSenate report says Apple avoided paying taxes on $44B of income, Politico says
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May 20, 2013
17:12 EDTAAPLApple has avoided paying taxes on operations for five years, U.S. Senate says
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17:11 EDTAAPLApple Operations International has no physical presence, says Senator Levin
Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added.
16:02 EDTAAPLOptions Update; May 20, 2013
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15:19 EDTAAPLApple sees paying over $7B in taxes to U.S. in current fiscal year
Apple released testimony the company plans to give before the permanent subcommittee on investigations of the U.S. Senate tomorrow. In part, the company plans to state it expects to pay over $7B in taxes to the U.S. Treasury in its current fiscal year. Apple also contends it is "likely the largest corporate income tax payer in the US, having paid nearly $6B in taxes" to the U.S. in FY12. Reference Link
13:01 EDTCSCOCisco hits session lows, levels to watch
The shares are down nearly 2%, last at $23.76. At that price, next support is at $23.32. Resistance is at $24.34.
12:04 EDTAAPLApple rumored to be testing OLED for iWatch, AppleInsider says
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09:40 EDTCSCO, AAPLActive equity option families trading
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08:10 EDTINTCIntel management to meet with Deutsche Bank
Meeting to be held in Stockholm on May 20 hosted by Deutsche Bank.
07:42 EDTCSCOCohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22.
07:32 EDTINTCSociety for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24.
07:32 EDTINTCSociety for Information Display / IHS to host a conference
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06:27 EDTAAPLApple MacBook orders to rise 20% sequentially in Q2, DigiTimes says
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06:23 EDTAAPLApple next-generation iPad trial production to begin soon, Digitimes says
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