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News Breaks | | | | February 1, 2013 | | 16:26 EDT |  | MRK, BCOV, ABAX, ADNC, TM, FIATY, F, GM, CVX, XOM, LTM | On The Fly: Closing Wrap
Stocks on Wall Street were higher on the day after the monthly jobs and manufacturing reports topped expectations, and the Dow Jones Industrial Average closed above 14,000 for the first time since October 2007... ECONOMIC EVENTS: In the U.S., the nonfarm payrolls report showed that 157K jobs were added in January and unemployment rose to 7.9%. This compared to expectations for 165K new jobs and for unemployment to hold steady at 7.8%. Notably, December payroll additions were revised up to 196K from 155K and November was raised to 247K from 161K. The University of Michigan consumer confidence reading for January came in at 73.8, versus the expected 71.5. The January ISM manufacturing index had a reading of 53.1, versus the expected reading of 50.7, while Markit's January U.S. PMI came in at 55.8, also beating expectations. Construction spending in the month of December rose 0.9%, versus the expected increase of 0.7%. In China, the government’s official PMI slid to 50.4 from 50.6 in December, while a similar PMI reading from HSBC rose to a two-year high of 52.3. In Europe, the euro zone PMI hit an 11-month high at 47.9, though that figure is still indicates contraction... COMPANY NEWS: Among Dow members reporting earnings before the bell were Merck (MRK), ExxonMobil (XOM), and Cevron (CVX). Merck, which reported in-line EPS and revenue was the average's laggard after the company announced it would delay its filing for approval of odanacatib, its investigational osteoporosis drug, and shares were down $1.42, or 3.28%, to $41.83. Shares of ExxonMobil were up slightly, adding 7c, or 0.08%, to $90.04, while shares of Chevron gained $1.35, or 1.17%, to $116.50... General Motors (GM), Ford (F), Chrysler (FIATY) and Toyota (TM) all reported double-digit sales increases in January... MAJOR MOVERS: Among those moving higher following earnings were Audience (ADNC), up $1.88, or 15.38%, to $14.10, and Abaxis (ABAX), up $5.57, or 14.39%, to $44.29 after earnings beat estimates and shares were upgraded to Strong Buy from Buy at Feltl with a $49 price target... Among noteworthy losers were shares of Brightcove (BCOV), down $2.31, or 27.43%, to $6.11 after the company cut its Q1 and FY13 guidance and shares were downgraded to Outperform from Top Pick at RBC Capital with a $16 price target. Also lower were shares of Life Time Fitness (LTM), down $11.37, or 22.41%, to $39.36 after the company's preliminary Q4 results were lower that current estimates and the company cut its FY12 and FY13 EPS view, and shares were also downgraded by at least three firms... INDICES: The Dow was up 149.21, or 1.08%, to 14,009.79; the S&P 500 15.06, or 1.01%, to 1,513.17; the Nasdaq was up 36.97, or 1.18%, to 3,179.10. | |
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News For MRK;XOM;CVX;GM;F;FIATY;TM;ADNC;ABAX;BCOV;LTM From The Last 14 Days Check below for free stories on MRK;XOM;CVX;GM;F;FIATY;TM;ADNC;ABAX;BCOV;LTM the last two weeks. |
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| May 22, 2013 | | 16:00 EDT |  | MRK | Options Update; May 22, 2013
 Subscribe for More Information | | | 14:52 EDT |  | MRK | FDA panel says Merck insomnia drug effective as sleep aid, Bloomberg reports
Subscribe for More Information | | | 12:17 EDT |  | GM | GM to bring apps to some autos, Cnet reports
Subscribe for More Information | | | 11:06 EDT | | GM, FIATY, F | 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. | | | 09:39 EDT | | MRK | Active equity option families trading
Subscribe for More Information | | | 07:46 EDT | | F | Ford shares could rise 50% over next two years, Barron's says
Subscribe for More Information | | | 07:45 EDT |  | MRK | FDA Peripheral & Central Nervous System Drugs Advisory Committee holds a meeting
Subscribe for More Information | | | 05:36 EDT | | F | Ford raises N American capacity by 200K units, reduces summer shutdown, adds jobs
Subscribe for More Information | | | May 21, 2013 | | 18:56 EDT | | MRK | On The Fly: After Hours Movers
Subscribe for More Information | | | 17:03 EDT | | MRK | Merck announces $5B share repurchase
Subscribe for More Information | | | | 17:01 EDT | | MRK | Merck announces $5B accelerated share repurchase
Subscribe for More Information | | | 16:04 EDT | | F | Options Update; May 21, 2013
Subscribe for More Information | | | 09:33 EDT | | F | Bloomberg LINK to host a summit
Subscribe for More Information | | | 07:44 EDT | | MRK | Sachs Associates to host a forum
Subscribe for More Information | | | 07:32 EDT | | GM | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 06:17 EDT | | F, GM, FIATY | Detroit automakers rebound as style sells, Bloomberg reports
Subscribe for More Information | | | May 20, 2013 | | 17:49 EDT | | MRK | Merck sleep drug effective, dosages questioned, WSJ reports
Subscribe for More Information | | | 15:11 EDT | | GM | GM marketing push set for new pickups, Reuters says
Subscribe for More Information | | | 08:59 EDT |  | GM | General Motors price target raised to $43 from $34 at Argus
Subscribe for More Information | | | 08:08 EDT | | CVX, XOM | EU to review fracking concerns, Reuters reports
Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link | | |
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