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Stock Market & Financial Investment News

News Breaks
February 12, 2013
12:24 EDTLVLT, BCS, KORS, KO, VAL, AVPOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday as investors may be remaining on the sideline ahead of President Obama’s State of the Union address... ECONOMIC EVENTS: In the U.S., the economic calendar was fairly light for a second straight day. The Labor Department reported job openings fell by 173K in December to 3.62M from a more than four-year high set in the prior month. Also, the Group of Seven urged countries to refrain from competitive devaluations, stating it remained committed to "market-determined" exchange rates... COMPANY NEWS: Coca-Cola (KO) was the worst performing member of the Dow Jones Industrial Average, sliding nearly 3% after reporting earnings that just beat consensus on revenue that just missed analyst forecasts. The company said global unit case volume rose 3% during the quarter and that it expects economic volatility to extend through 2013... MAJOR MOVERS: Among the notable gainers were Avon Product (AVP), which rose over 19% and Michael Kors (KORS), which advanced 10% after their earnings reports. Also higher were shares of Barclays (BCS), which gained more than 8% after the company also reported quarterly results but additionally said it expects to reduce its headcount by at least 3,700 in 2013. Among the noteworthy losers were Level 3 (LVLT), down nearly 11%, and Valspar (VAL), down over 7% after their earnings reports... INDICES: Near noon, the Dow was up 37.58, or 0.27%, to 14,008.82; the Nasdaq was down 4.05, or 0.13%, to 3,187.95; and the S&P 500 was up 1.96, or 0.13%, to 1,518.97.
News For KO;BCS;AVP;KORS;LVLT;VAL From The Last 14 Days
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November 18, 2014
07:30 EDTKORSMorgan Stanley to hold a conference
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06:34 EDTBCSDraghi sees positive signs in euro zone, NY Times reports
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November 17, 2014
12:02 EDTLVLTSAP names new Chief Digital Officer, Chief Marketing Officer
SAP (SAP) announced that Jonathan Becher has been appointed as the company's first Chief Digital Officer to lead the company's new digital business unit with immediate effect. SAP has appointed Maggie Chan Jones as Chief Marketing Officer. Jones, who will join SAP from Level 3 Communications (LVLT), spent seven years at Microsoft (MSFT). She has extensive cloud experience having successfully navigated Microsoft's transition from on premise to a cloud business.
07:12 EDTBCSBloomberg / Mayer Brown to co-host a conference
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November 14, 2014
17:07 EDTLVLTSoros Fund Management gives quarterly update on stakes
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10:03 EDTAVPHigh option volume stocks
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November 13, 2014
15:15 EDTVALValspar acquires Madison Chemical Industries
Valspar announced that it has completed the purchase of Madison Chemical Industries, a coatings manufacturer headquartered in Ontario, Canada. Financial terms of the transaction were not disclosed.
November 12, 2014
16:23 EDTBCSOn The Fly: Closing Wrap
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12:38 EDTBCSOn The Fly: Midday Wrap
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10:25 EDTKOSABMiller, Coca-Cola to form new company in Africa, Sky News reports
Mark Kleinman of Sky News tweeted, "SABMiller and Coca-Cola to announce formation of new company in Africa later this week, consolidating existing operations, I'm told."
08:57 EDTBCSBarclays excluded from forex settlement due to issues with NYDFS, Reuters says
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07:58 EDTKORSFossil price target raised to $150 from $140 at Jefferies
Jefferies raised its price target for Fossil (FOSL) shares to $150 saying the company's renewed agreement with Michael Kors (KORS) removes an overhang on the stock. The firm thinks Fossil's European growth potential associated with the Kors relationship is underappreciated. It reiterates a Buy rating on the stock.
November 11, 2014
16:02 EDTKORSMichael Kors, Fossil renew global licensing agreement
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14:30 EDTBCSBanks to be hit with billions in fines for currency manipulation, Telegraph says
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08:01 EDTKORSMichael Kors promotions picked up in November, says Jefferies
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06:53 EDTBCSBanks sued by terror victims, NY Times says
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November 10, 2014
11:35 EDTKORSStocks with call strike movement; WFM KORS
Whole Foods (WFM) February 52.5 call option implied volatility increased 2% to 28, Michael Kors (KORS) May 85 call option implied volatility decreased 2% to 31 according to IVolatility.
07:12 EDTBCSCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
06:46 EDTBCSRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:18 EDTBCSUBS to settle misconduct allegations at precious metals trading unit, FT reports
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