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News Breaks | | | | February 25, 2013 | | 06:07 EDT |  | AAPL, FIATY, JCP, BAC, YUM, VLKAY, F, IVZ, MS, BBRY, TM, GM, WFC, C | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: J.C. Penney (JCP) CEO Ron Johnson has seen sales fall by double-digits. By the end of 2012, analysts were warning the company could run short on cash. Penney's stock finished last year down more than 40%. Johnson was viewed as something of a savior when he was hired from Apple in 2011 but sources say he ignored conventional industry wisdom and moved too abruptly to impose practices inspired by his time at Apple. On Wednesday Penney reports results for the all important holiday quarter, the Wall Street Journal reports...An uptick in the housing market and rising consumer confidence resulted in another month of strong U.S. car and pickup sales that will be evident on Friday when auto makers post their February sales. Over 1.2M new vehicles were estimated to have been sold in the month, a 4.3% increase over a year earlier and a 15% increase over January, the Wall Street Journal reports...REUTERS: Apple (AAPL) faces new competition in India from BlackBerry (BBRY) and is now aggressively pushing the iPhone through installment payment plans that make it more affordable, a new distribution model and a heavy marketing blitz. The new-found interest there suggests a subtle strategy shift for Apple, which has moved tentatively in emerging markets, Reuters reports...Yum Brands (YUM) will step up its monitoring of suppliers and improve testing of poultry as it looks to reverse a steep drop in business at its KFC restaurants in China after a chicken safety scare, Reuters reports...BLOOMBERG: U.S. banks want to capitalize on a dearth of financing for Europe’s commercial property market that’s driven lending margins to five times the level prior to the 2008 crisis. Citigroup (C), Morgan Stanley (MS), Bank of America (BAC) and Wells Fargo (WFC) are following insurers and distressed investors allocating capital to the region as local banks, which overextended during the last boom, are forced to contract amid new regulations, Bloomberg reports...As the bond market expects inflation to stay at about the past decade’s average, the biggest buyers of government debt say they need protection from rising consumer prices as central banks focus on growth. Pacific Investment Management Co. and Invesco (IVZ) say growing central-bank tolerance of inflation means securities with interest or principal tied to consumer prices are the ones to own, Bloomberg reports. | |
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News For JCP;GM;F;FIATY;TM;VLKAY;AAPL;BBRY;YUM;C;MS;BAC;WFC;IVZ From The Last 14 Days Check below for free stories on JCP;GM;F;FIATY;TM;VLKAY;AAPL;BBRY;YUM;C;MS;BAC;WFC;IVZ the last two weeks. |
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| May 23, 2013 | | 08:53 EDT |  | F | Pacer to benefit from improving auto industry, says BB&T
After U.S. automakers Ford (F) and Chrysler indicated that they would curtail their summer production breaks, BB&T expects Pacer (PACR) to benefit from a rebounding auto sector, as about 40% of its revenue comes from the sector, according to the firm. BB&T keeps a Buy rating on the stock. | | | 07:12 EDT | | BAC | Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
 Subscribe for More Information | | | 07:11 EDT | | AAPL | EU's Barnier wants big companies to disclose national tax bills, Reuters reports
Subscribe for More Information | | | 06:08 EDT | | AAPL, BAC | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 06:04 EDT | | AAPL | Apple hoping to launch music service at June conference, NY Post reports
Subscribe for More Information | | | 05:45 EDT | | AAPL | Big companies remove subsidiaries based on SEC disclosure rules, WSJ reports
Subscribe for More Information | | | May 22, 2013 | | 19:49 EDT | | F | Ford to close factory, plant in Australia, News Limited reports
Subscribe for More Information | | | 16:12 EDT |  | JCP | J.C. Penney enters into new $2.25B credit facility
J. C. Penney Company announced that its wholly owned subsidiary, J. C. Penney Corporation, has entered into a new five-year $2.25B senior secured term loan credit facility. The size of the facility was increased from the $1.75B anticipated in the commitment letter the company announced on April 29. | | | 16:00 EDT |  | C | Options Update; May 22, 2013
Subscribe for More Information | | | 13:02 EDT | | MS | Morgan Stanley seeks $4B for infrastructure fund, Bloomberg reports
Morgan Stanley's infrastructure investment unit is planning to raise $4B for a second global fund, according to Bloomberg, citing sources. Morgan Stanley and other investment firms are targeting billions of dollars worldwide earmarked for public infrastructure projects, Bloomberg added. Reference Link | | | | 12:17 EDT | | GM | GM to bring apps to some autos, Cnet reports
Subscribe for More Information | | | 12:07 EDT | | AAPL | Consumer Reports says Galaxy S 4 is top smartphone, iPhone 5 fifth, CNN says
Subscribe for More Information | | | 11:06 EDT | | F, GM, FIATY | Auto industry rallies after Ford, Chrysler curtail summer breaks
Shares of Ford (F), Fiat (FIATY) and GM (GM) are climbing after Ford and Fiat's Chrysler subsidiary announced that they would curtail their factories' traditional two week summer hiatus. Shares of a number of auto parts makers are also advancing following the news. WHAT'S NEW: Ford said it would idle some of its plants for only one week this summer, down from the usual two weeks. Chrysler reported that it would keep three of its assembly plants open all summer, while four of its plants will close for just one week and almost all of its engine, transmission and stamping plants will not take any breaks, according to Automotive News. GM did not disclose its specific plans, the website added. TODAY'S PRICE ACTION: In mid-morning trading, Ford climbed 1.7% to $15.20, Fiat added 0.9% to $7.05, and GM rose 0.8% to $33.65. Among auto parts makers, American Axle (AXL) advanced 1.6% to $17, Johnson Controls (JCI) climbed 0.8% to $37.85, and Dana Holding (DAN) rose 1.2% to $18.80. | | | 10:00 EDT |  | BBRY | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 09:42 EDT |  | AAPL | Apple rises in early trading, levels to watch
Subscribe for More Information | | | 09:39 EDT | | AAPL | Active equity option families trading
Subscribe for More Information | | | 09:35 EDT | | BBRY | BlackBerry Q10 rollout below Z10, says ITG Research
Subscribe for More Information | | | 09:02 EDT | | C, MS, WFC, BAC | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. | | | 08:38 EDT | | BBRY | BlackBerry downgraded to Underperform from Neutral at Exane BNP Paribas
Subscribe for More Information | | | 07:46 EDT | | F | Ford shares could rise 50% over next two years, Barron's says
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