News Breaks |
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| May 11, 2012 |
| 16:15 EDT |  | LNKD, JPM, CHK, MWW, ALR, ARNA | On The Fly: Closing Wrap
Stocks on Wall Street were mixed, as the Nasdaq was just barely able to cling to a marginal gain for the session. Stock futures pointed to a sharply lower open following JPMorgan’s (JPM) announcement of a $2B trading loss. The futures moved off their lows prior to the open but the broader market opened in negative territory. The averages found a level where they began to build following the highest consumer confidence reading since January 2008. Each of the major indices made it to positive territory and then went into a slow drift lower, with only the Nasdaq avoiding a return to the red... ECONOMIC EVENTS: Domestically, the producer price index report showed that prices fell 0.2% in April, versus expectations for no change. The core reading, which strips out food and energy, rose 0.2%, which was in line with expectations. The University of Michigan Consumer Confidence reading was 77.8, stronger than the expected 76 reading and its highest level since January 2008. Internationally, data from China and India may signal a further weakening of the global recovery, as China reported its industrial production rose 9.3% from a year ago in April while India's industrial output fell 3.5% in March from the prior year... COMPANY NEWS: The surprising announcement from JPMorgan of a $2B trading loss at one of its divisions triggered calls for tougher bank regulation and a sell off in its shares. CEO Jamie Dimon admitted to “egregious” failures in its risk management and said the losses could deepen this quarter and beyond, sending its stock down more than 9%... MAJOR MOVERS: Among the notable gainers were Arena Pharmaceuticals (ARNA), up $2.70, or 73.77%, to $6.36, after an FDA panel backed the approval of its weight loss drug, lorcaserin, and Monster Worldwide (MWW), up $1.50, or 19.13%, to $9.33, after Reuters said the company has attracted takeover interest from LinkedIn (LNKD) and Silver Lake, but CNNMoney said sources close to LinkedIn denied that report. Noteworthy losers included Alere (ALR), down $3.28, or 14.71%, to $19.02, following its disclosure of a subpoena from the Department of Health and Human Services and the potential of broader recalls of certain products after an FDA inspection, and Chesapeake Energy (CHK), down $2.37, or 13.80%, to $14.81, after the company said it would need to delay its 10-Q filing and then made the filing shortly afterward, in which it said it may have to delay some of its asset sales... INDICES: The Dow lost 34.44, or 0.27%, to 12,820.60; the Nasdaq rose 0.18, or 0.01%, to 2,933.82; and the S&P 500 dropped 4.60, or 0.34%, to 1,353.39. |
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News For JPM;ARNA;MWW;LNKD;ALR;CHK From The Last 14 Days Check below for free stories on JPM;ARNA;MWW;LNKD;ALR;CHK the last two weeks. |
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| May 23, 2013 |
| 14:45 EDT |  | JPM | JPMorgan names Barry Sommers head of consumer bank, Reuters says
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| 11:56 EDT |  | JPM | Visa names Ryan McInerney president
Visa (V) announced the appointment of Ryan McInerney as president of Visa. In this role, McInerney will be responsible for Visa's global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa's issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf, CEO of Visa . McInerney joins Visa from JP Morgan Chase (JPM) where he was the CEO of Consumer Banking. |
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| 09:13 EDT | | LNKD | LinkedIn unveils new navigation bar
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| 08:10 EDT |  | JPM | JPMorgan compelling at current levels, says RW Baird
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| 07:49 EDT | | LNKD | LinkedIn acquires team of social polling start-up Maybe, TechCrunch reports
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| 07:12 EDT | | JPM | Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
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| 06:32 EDT | | JPM | Dimon looks to improve JPMorgan after winning vote, NY Times says
After JPMorgan's (JPM) shareholders voted to allow Jamie Dimon to keep his dual role as the bank's CEO and chairman, Dimon is looking to repair the bank's relationship with regulators and "fortify risk controls," according to The New York Times. Reference Link |
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| 06:29 EDT | | JPM | Software firm Luxoft files for IPO in New York, Bloomberg reports
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| 06:08 EDT | | JPM | On the Fly: Periodicals Wrap-Up
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| 06:03 EDT |  | CHK | Chesapeake implied volatility at lower end of index mean range
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| 05:48 EDT | | JPM | Proxy advisers see their power diminish, WSJ reports
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| May 22, 2013 |
| 14:54 EDT | | JPM | JPMorgan not likely to add new board members soon, Bloomberg says
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| 12:08 EDT | | ARNA | Options with decreasing implied volatility: ARNA SGMO NTAP CBST GDI
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| 10:31 EDT |  | JPM | JPMorgan spikes higher along with peers, levels to watch
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| 10:00 EDT |  | CHK | On The Fly: Analyst Upgrade Summary
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| 09:02 EDT | | JPM | 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. |
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| 07:30 EDT |  | CHK | UBS to host a conference
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| 07:24 EDT | | CHK | Chesapeake upgraded to Positive from Neutral at Susquehanna
Susquehanna upgraded Chesapeake based on increased oil and gas forecasts and re-branding initiatives by new CEO Doug Lawler. Price target raised to $26 from $23. |
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| May 21, 2013 |
| 16:26 EDT | | JPM | On The Fly: Closing Wrap
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| 12:36 EDT | | JPM | On The Fly: Midday Wrap
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