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Stock Market & Financial Investment News

News Breaks
April 20, 2012
12:11 EDTMSFT, RVBD, APO, WOLF, XXIA, ALTR, SNDK, HON, SLB, HBI, MCD, GE, TPXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as another round of better than expected earnings reports from blue chip companies encouraged investors. Stocks opened higher on the heels of positive earnings reports from some of the country's largest corporations, positive confidence data out of Germany, and solid retail sales data from the U.K. The market tacked on gains in the opening 30 minutes and found a level where the averages sat while investors digested the corporate earnings and accompanying conference calls. In the second hour of trading the averages gained some upside momentum and added to their opening gains but they have since moved in a very narrow range. There may be little in the way of news flow for the remainder of the session as the week end approaches... ECONOMIC EVENTS: Domestically, little of note was on the economic calendar. In Europe, Spanish 10-year bond yields rose above 6% and equivalent Italian and French yields rose as well. In contrast, a measure of German business confidence climbed to 109.9, marking its sixth consecutive month of increase... COMPANY NEWS: Earnings reports from a trio of Dow components helped power that average higher, as Microsoft (MSFT) led all of the blue chips with a 5.4% gain after its earnings and revenue beat consensus. General Electric (GE) also beat on both the top and bottom line and shares moved higher by 1.9%. Results from McDonald's (MCD) were generally in line with expectations. The company said global comparable sales increased 7.3%, driven by an 8.9% increase in the U.S. and its stock rose 2% near noon... Among other companies reporting earnings, advancers included Hanesbrands (HBI), Schlumberger (SLB) and Honeywell (HON); decliners included SanDisk (SNDK) and Altera (ALTR)... MAJOR MOVERS: Among the notable gainers were Ixia (XXIA), up over 13%, following an upgrade at Wunderlich citing the company's Q1 results, and Great Wolf (WOLF), up 8%, after an affiliate of Apollo Global Management (APO) increased its offer to acquire the company to $7.85 per share from $7.00. Noteworthy losers included Riverbed (RVBD), down more than 26%, following downgrades by at least seven firms after the company's Q1 revenue missed consensus and it said it sees 15% revenue growth for FY12, and Tempur-Pedic (TPX), down over 21%, after its guidance fell short of expectations... INDICES: Near noon, the Dow was up 112.84, or 0.87%, to 13,076.94; the Nasdaq was up 20.84, or 0.69%, to 3,028.40; and the S&P 500 was up 9.60, or 0.70%, to 1,386.52.
News For MSFT;GE;MCD;HBI;SLB;HON;SNDK;ALTR;XXIA;WOLF;APO;RVBD;TPX From The Last 14 Days
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September 8, 2014
05:32 EDTGEGeneral Electric to sell appliances business to Electrolux AB for $3.3B
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05:29 EDTGEGeneral Electric to sell appliances business to Electrolux AB for $3.3B
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September 7, 2014
15:52 EDTGEGE's oil and gas unit set to outpace industry growth, Reuters says
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September 5, 2014
10:14 EDTHBIUnifi unit, Hanesbrands enter long-term agreement
Effective as of September 1, Unifi Manufacturing, a subsidiary of Unifi (UFI), entered into a new long-term Yarn Purchase Agreement with Hanesbrands (HBI). The prior Yarn Purchase Agreement, dated November 6, 2009, between HBI and UMI, which had been extended through amendments while the parties negotiated the new Agreement, expired as of August 31. Pursuant to the Agreement, HBI will purchase certain yarns from UMI or other affiliates of the Registrant to fulfill a substantial portion of HBI’s Products requirements in the Western Hemisphere. The term of the Agreement will expire on June 30, 2018. However, the Agreement may be terminated earlier by either party upon the occurrence of certain specified events, such as the insolvency of the other party or a breach of the terms of the Agreement by the other party, subject to a cure period, or by HBI upon the occurrence of certain specified events, such as if UMI fails to deliver Products in conformity with HBI’s specifications, subject to a cure period, or by UMI due to nonpayment by HBI, subject to a cure period. The prices for the Products are either set forth in the Agreement or will be determined from time to time in accordance with the Agreement.
10:05 EDTSNDKOn The Fly: Analyst Upgrade Summary
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09:31 EDTSNDKSanDisk acquisition positive, says Bernstein
After SanDisk bought Fusion-io, Bernstein thinks the deal plugs the gap in the company's Enterprise SSD market and will accelerate its growth in this new market. The firm expects the deal to be dilutive to SanDisk until 3Q15. It keeps an Outperform rating on the shares.
08:01 EDTSNDKSanDisk upgraded at Morgan Stanley
As previously reported, Morgan Stanley upgraded SanDisk to Overweight from Equal Weight. The firm upgraded shares based on valuation and a solid NAND supply/demand balance for 2015-2016.
07:42 EDTHBIHanesbrands outlook has improved, says Wells Fargo
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06:33 EDTMCDHundreds arrested following protests over fast food wages, NY Times says
Nearly 500 protestors seeking a $15 per hour wage for fast food workers were arrested in sit-ins yesterday, organizers of the sit-ins told The New York Times. Some home care aides, recruited by the Service Employees International Union, jointed the protests, the newspaper stated. Fast food companies include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), and Sonic Corporation (SONC).Reference Link
06:33 EDTMSFTMicrosoft, competitors aim to halt Google EU agreement, Reuters says
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05:59 EDTMCDStocks with implied volatility above IV index mean; ACHN MCD
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05:57 EDTSNDKSanDisk upgraded to Overweight from Equal Weight at Morgan Stanley
September 4, 2014
13:56 EDTMSFTGetty Images files lawsuit against Microsoft over photo tool, Reuters reports
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11:20 EDTGEStocks with increasing options volume
Stocks with increasing options volume: BP VMW SCTY X GE MBLY VALE DDD
11:19 EDTMCDYum! shares pull back as company cuts Q3 China SSS view
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11:19 EDTGEElectrolux close to buying GE appliance unit for $2.5B Reuters reports
Electrolux (ELUXY) is near a deal to buy General Electric's (GE) appliance business for more than $2.5B, Reuters reports, citing people familiar with the matter. A deal could be announced as soon as next week, Reuters added. Reference Link
10:46 EDTGEGE near deal to sell appliance unit to Electrolux for over $2.5B, Reuters says
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09:35 EDTMCDActive equity options trading on open
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06:55 EDTSNDKSanDisk reinstated with a Buy at Deutsche Bank
Deutsche Bank reinstated shares of SanDisk with a Buy rating citing limited NAND supply risk in the next 12 months and the demand pickup from SSDs and smartphones. The firm has a $110 price target for shares.
06:30 EDTMSFTIDC: Phablet shipments to pass PCs in 2014, tablets in 2015, DigiTimes reports
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