New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 14, 2014
12:19 EDTTRLA, JOSB, MW, WTW, AIG, CRAY, LOGM, IM, CHGGOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday with the Dow and S&P 500 outperforming the Nasdaq. The major averages began the session with little fanfare and remained close to the flat line in early trading. The slightly better than expected University of Michigan consumer confidence reading provided a bit of a catalyst for buyers, who have managed to push all but the Nasdaq back into positive ground. ECONOMIC EVENTS: In the U.S., import prices edged up 0.1% and export prices rose 0.2% in January. Industrial production fell 0.3% in January, versus expectations for it to have grown 0.3%. The preliminary February University of Michigan consumer confidence reading was unchanged from the final January figure at 81.2. In Europe, the eurozone's economy expanded at a 0.3% pace last quarter, versus analysts' consensus for expansion of 0.2%. COMPANY NEWS: Jos. A. Bank (JOSB) announced a deal to buy Everest Holdings, the parent company of the Eddie Bauer brand, for cash and stock worth about $825M. Jos. A. Bank, which has been both the pursuer and the pursued in a long running, public negotiation with peer Men's Wearhouse (MW), said the deal give it the right to terminate its agreement in the event an unsolicited offer is made to acquire Jos. A. Bank that it determines would "reasonably be expected to create greater value" for shareholders. Jos. A. Bank also said it will buy back 4.6M of its common shares, or 16.4% of its outstanding shares, if the Eddie Bauer deal moves forward. Afterward, Men's Wearhouse said will "evaluate its options" with regard to Jos. A. Bank... After last night's closing bell, AIG reported fourth quarter profits that beat expectations, raised its dividend by 25% and increased its stock buyback plan by $1 billion. Additionally, Bloomberg reported that the insurer will cut its workforce by 3%. Shares of AIG rose in after-hours trading, but are down 2% near midday after Deutsche Bank called the quarter "messy" and a "modest disappointment" and Barclays lowered its price target on the stock to $56 from $60 to reflect slower than expected P&C margin improvement. MAJOR MOVERS: Among the notable gainers following their better than expected quarterly reports were supercomputer maker Cray (CRAY), which surged 32%, cloud-based solutions company LogMeIn (LOGM), which jumped 23%, and computer parts distributor Ingram Micro (IM), which rose 13%. Among the noteworthy losers was Weight Watchers (WTW), which fell 26% after its fourth quarter profit missed expectations and the company sharply cut its fiscal 2014 earnings outlook. Also lower following their own earnings reports were learning platform operator Chegg (CHGG), which fell 17%, and home buying website Trulia (TRLA), which dropped 18%. INDEXES: Near midday, the Dow was up 73.93, or 0.46%, to 16,101.52, the Nasdaq was down 7.04, or 0.17%, to 4,233.63, and the S&P 500 was up 4.41, or 0.24%, to 1,834.24.
News For JOSB;MW;WTW;AIG;CRAY;LOGM;IM;CHGG;TRLA From The Last 14 Days
Check below for free stories on JOSB;MW;WTW;AIG;CRAY;LOGM;IM;CHGG;TRLA 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 | all recent news | >>
July 24, 2014
15:51 EDTTRLAZillow CEO said to leave meeting to head to San Francisco, CNBC reports
Subscribe for More Information
15:27 EDTTRLAZillow, Trulia deal 'rumors just ridiculous,' Citron Research says
Citron Research stated on Twitter that Zillow (Z) and Trulia (TRLA) "rumors just ridiculous Top 10 real estate websites COMBINED do not account for more than 50% of total real estate traffic." Reference Link
14:19 EDTTRLATrulia August volatility spikes on Zillow in talks to acquire
Subscribe for More Information
14:16 EDTTRLAZillow volatility spikes on talks to acquire Trulia, Bloomberg
Subscribe for More Information
14:07 EDTTRLAZillow in talks to acquire Trulia, Bloomberg reports
Subscribe for More Information
14:03 EDTTRLATrulia, Zillow resume trading after volatility halts
14:00 EDTTRLATrulia jumps 11%, Zillow up 10% after Bloomberg report of buyout talks
13:58 EDTTRLATrulia could be valued as high as $2B in Zillow buyout, Bloomberg says
Subscribe for More Information
13:57 EDTTRLAZillow in talks to acquire Trulia, Bloomberg reports
Subscribe for More Information
July 23, 2014
10:22 EDTIMIngram Micro expands device-recovery operations at Indiana returns center
Ingram Micro division Ingram Micro Mobility is expanding device-recovery service operations at a key returns center in Plainfield, Ind. to support the increasing demand for mobility device repair, refurbishment and recycling. Anticipated growth at this facility alone is expected to reach 15% this month.
10:02 EDTMWOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:53 EDTMWMen's Wearhouse reinstated with a Buy at Goldman
Target $72.
July 22, 2014
11:44 EDTWTWWeight Watchers August volatility elevated into Q2 and enrollment guidance
Weight Watchers August call option implied volatility is at 57, September is at 43, January is at 37; compared to its 26-week average of 44 according to Track Data, suggesting larger near term price movement into the expected release of Q2 results on July 30.
07:17 EDTTRLANational Association for Business Economics to hold a seminar
Subscribe for More Information
06:43 EDTAIGMalaysia Airlines incidents rattle insurance market, NY Times says
Subscribe for More Information
July 21, 2014
13:04 EDTIMIngram Micro says Robert Laikin extends contract, expands role
Subscribe for More Information
07:29 EDTAIGAIG settlement with BofA takes crisis claw back total up to $2B, FT says
Subscribe for More Information
July 18, 2014
12:48 EDTTRLARealPage tumbles after reporting preliminary Q2 revenue miss
Subscribe for More Information
July 17, 2014
10:00 EDTAIGOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:49 EDTAIGAIG initiated with an Outperform at RBC Capital
Target $64.
1 | 2 | 3 | 4 | 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