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Stock Market & Financial Investment News

News Breaks
January 17, 2014
12:41 EDTAAPL, BAIRY, GE, UPS, NIHD, AAWW, MS, INTC, RDEN, FDX, AXPOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday amid a pickup in the number of prominent earnings reports and a raft of domestic economic data. The averages opened lower as traders rolled out positions ahead of options expiration. Within minutes of the open, however, the bluechip Dow had recouped its losses and moved back into positive territory, powered by a strong post-earnings jump by American Express (AXP). ECONOMIC EVENTS: In the U.S., housing starts fell 9.8% to a rate of just under 1M in December, though that decline was roughly in-line with expectations. Building permits dropped 3.0% from the prior month, versus an expected decrease of 0.3%. Industrial production rose 0.3% in December, meeting the consensus forecast of economists. The preliminary January reading of the University of Michigan consumer sentiment index came in at 80.4, versus expectations for a 83.5 reading. JOLTS data showed job openings rose 70K in November to about 4M. COMPANY NEWS: Intel (INTC) shares were down more than 3% near noon after the company’s fourth quarter results and fiscal 2014 guidance painted a mixed picture. Last night, the chipmaking giant reported earnings per share that just missed estimates on revenue that narrowly beat expectations and said there were signs of stabilization in the personal computer market in the quarter. However, Intel provided disappointing revenue guidance for 2014, saying it expects revenue to be flat compared to this just completed year... Among other giant corporations that reported earnings last night or this morning, American Express advanced nearly 5%, Morgan Stanley (MS) gained over 4% and General Electric (GE) slipped more than 2%... UPS (UPS) shares slid 1.5% after the shipper pre-announced weaker than expected results. UPS estimated that its fourth quarter earnings per share would be $1.25, versus analysts' consensus estimate of $1.43. The shipping giant said the compressed holiday shopping season and the "unprecedented" level of online shopping that featured a surge of orders at the very end of the season forced it to take to take "extraordinary measures" that hurt its profits. FedEx (FDX) was also down 0.6% after the profit warning from its shipping peer... MAJOR MOVERS: Among the notable gainers was NII Holdings (NIHD), which surged 23% after announcing it reached a deal with Apple (AAPL) to offer Nextel customers in Brazil the iPhone 5s and iPhone 5c. Also higher was video game maker Electronic Arts (EA), which rose 11% after its stock was initiated with a Buy rating at CRT Capital and Cowen said the video game maker has a chance of beating December quarter guidance and Street estimates given its solid December sell through. Among the noteworthy losers was Atlas Air (AAWW), which dropped 15% after reporting British Airways (BAIRY) intends to return three aircraft in April. Also lower were shares of Elizabeth Arden (RDEN), which tumbled 15% after the company cut its second quarter earnings and revenue outlook. INDEXES: Near midday, the Dow was up 60.04, or 0.37%, to 16,477.05, the Nasdaq was down 4.43, or 0.11%, to 4,214.25, and the S&P 500 was down 0.62, or 0.03%, to 1,845.27.
News For INTC;UPS;AXP;MS;GE;FDX;AAWW;BAIRY;RDEN;NIHD;AAPL From The Last 14 Days
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April 7, 2015
06:46 EDTAAPLApple Pay, Google Wallet could see competition from CurrentC, Macworld says
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06:36 EDTAXPAmerican Express downgraded to Underperform from Perform at Oppenheimer
06:25 EDTFDX, UPSTNT Express expects EU to approve FedEx deal, Reuters reports
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06:25 EDTAAPLMicrosoft close to have alternative to Apple Pay, Business Insider reports
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06:19 EDTAAPLApple quietly acquired Ottocat 'some time ago,' TechCrunch reports
Apple quietly bought Ottocat, a startup that has developed a system to organize apps on its app store based on "nested" categories, TechCrunch reports. Terms of the acquisition, which is said to have closed "some time ago," have not been disclosed. A version of Ottocat's system currently powers the "explore" tab in Apple's App Store, TechCrunch says. Reference Link
05:16 EDTFDXFedEx to acquire TNT Express for EUR 8.00 per share
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05:11 EDTFDXFedEx to acquire TNT Express for EUR 8.00 per share
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April 6, 2015
19:42 EDTAAPLSurvey of iPhone, iPad users indicates preference for Google search, BI says
48% of Apple (AAPL) iPhone and iPad users report that if Yahoo (YHOO) were to acquire default search engine rights for Apple's Safari browser, they would manually switch the default search back to Google (GOOG), reports Business Insider, citing a survey of roughly 500 Apple users by Goldman Sachs tech analysts. 4% of the surveyed users stated they would intentionally keep Yahoo as the default. Reference Link
17:01 EDTINTCIntel to change financial reporting structure
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16:00 EDTAAPLOptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
10:39 EDTINTCQualcomm falls amid uncertainty about content in flagship Samsung phone
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10:23 EDTAAPLApple Maps searches no longer showing just Yelp, AppleInsider reports
Searches on Apple (AAPL) Maps, which previously relied solely on Yelp (YELP) to provide reviews for local search, are now pulling results from TripAdvisor (TRIP) and Priceline's (PCLN) Booking.com, AppleInsider reported yesterday. Neither TripAdvisor or Booking.com are listed as sources on Apple's official Maps attribution webpage, but reviews with links to their respective webpages and apps are now appearing in Maps queries, the blog added. Shares of Yelp are down 1% to $46.67 in early trading. Reference Link
09:36 EDTAAPLActive equity options trading on open
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07:29 EDTAAPLApple Watch cannot launch in Switzerland due to patent issue, Reuters says
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06:20 EDTAAPLGarmin downgraded to Sell from Buy at Citigroup
Citigroup analyst Jeremy David downgraded Garmin two notches to Sell from Buy saying competitive pressures are likely to stall the growth of the company's GPS fitness watch business. He also thinks revenue trends in Garmin's Outdoor segment could disappoint as the year progresses. David expects Garmin to miss consensus earnings and revenue expectations in Q1 and views the Apple (AAPL) Watch launch as another potential negative catalyst for shares. He cut his price target for the stock to $42 from $68. Shares of the navigation and information device maker closed Thursday down 58c to $46.49 after Goldman Sachs downgraded the stock Neutral from Buy.
06:11 EDTAAPLSamsung expected to win A9 chip orders for next iPhone, Bloomberg reports
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April 5, 2015
18:47 EDTGEPart of GE Louisville facility catches fire, Reuters says
A section of General Electric's Louisville, Kentucky facility used for warehousing and offices caught fire on Friday, says Reuters. A company spokesperson said "The fire at GE Appliance Park has been contained," and there were no injuries from the incident, added Reuters. Reference Link
16:56 EDTAAPLEU considers major probe into Internet platforms, WSJ says
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09:10 EDTAAPLApple Watch to be sold by appointment only, Barron's says
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08:43 EDTGEAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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