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News Breaks | | | | April 20, 2012 | | 12:11 EDT |  | MSFT, RVBD, APO, WOLF, XXIA, ALTR, SNDK, HON, SLB, HBI, MCD, GE, TPX | On 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. | |
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News For MSFT;GE;MCD;HBI;SLB;HON;SNDK;ALTR;XXIA;WOLF;APO;RVBD;TPX From The Last 14 Days Check below for free stories on MSFT;GE;MCD;HBI;SLB;HON;SNDK;ALTR;XXIA;WOLF;APO;RVBD;TPX the last two weeks. |
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| June 19, 2013 | | 13:21 EDT |  | MSFT | Firefox maker to eliminate most Internet tracking, Washington Post says
 Subscribe for More Information | | | 11:57 EDT | | MSFT | Sony video shows PlayStation 4 details, The Next Web says
Subscribe for More Information | | | 08:08 EDT | | MSFT | Merkel tells Obama: Internet monitoring must have proper limits, Reuters reports
Subscribe for More Information | | | 08:03 EDT |  | GE | General Electric awarded $147M contract by Statoil
Subscribe for More Information | | | 07:03 EDT | | GE | General Electric launches enterprise cloud tool
GE yesterday afternoon announced what it labeled the first big data and analytics platform robust enough to manage the data produced by large-scale, industrial machines in the cloud. Built to support the Industrial Internet and turn big data into real-time insight, the platform will benefit major global industries including aviation, healthcare, energy production and distribution, transportation and manufacturing, GE stated. Combined with the new GE Predictivity services and technologies available today, airlines, railroads, hospitals and utilities can manage and operate critical machines such as jet engines and gas turbines in the cloud - running businesses better by increasing productivity and reducing waste and downtime, the company reported. This marks the first time industrial companies will have a common architecture, combining intelligent machines, sensors and advanced analytics, it added. | | | June 18, 2013 | | 16:12 EDT | | MSFT | Microsoft adds Qualcomm as Surface RT supplier, Bloomberg says
Microsoft (MSFT) will use Qualcomm (QCOM) chips in its updated Surface RT tablet, reports Bloomberg, citing people with knowledge of the company's plans. The report also cites a source that says Nvidia's (NVDA) Tegra chip will continue to be used for some versions of the Surface. Reference Link | | | 15:49 EDT | | MSFT | NVIDIA said to remain supplier for some Surface RT versions, Bloomberg says
Subscribe for More Information | | | 15:47 EDT | | MSFT | Microsoft said to have added Qualcomm as supplier for Surface RT, Bloomberg says
Subscribe for More Information | | | 14:09 EDT | | MCD | McDonald's to sell premium hamburgers in Japan, Japan Times reports
Subscribe for More Information | | | 13:14 EDT |  | GE | General Electric to host analyst meeting
Subscribe for More Information | | | | 13:03 EDT | | GE | Accenture, GE form strategic global alliance
Subscribe for More Information | | | 11:52 EDT | | SLB | Schlumberger acquires Gushor to improve reservoir production strategies
Subscribe for More Information | | | 10:48 EDT | | GE | AIG subsidiary expands order for LEAP-1A engines
Subscribe for More Information | | | 10:34 EDT | | MSFT | Microsoft selling tablets to schools for huge discounts, ZDNet says
Subscribe for More Information | | | 10:00 EDT | | GE | General Electric to create Russian venture to build power plants, Reuters says
Subscribe for More Information | | | 07:42 EDT | | MSFT | May U.S. retail video game sales fall 25%, Bloomberg reports
U.S. retail sales of video game hardware, software and accessories tumbled 25% to $386.3M this past May, with overall hardware sales down 31% from last year to $96M, reported Bloomberg citing data from NPD Group. Reference Link | | | 07:42 EDT | | MSFT | O'Reilly Media to hold a conference
Subscribe for More Information | | | 07:29 EDT | | MSFT | Securities Industry and Financial Markets Association to host a conference
Subscribe for More Information | | | 07:13 EDT | | SLB | Mexico looks to open energy sector to private investors, WSJ reports
Subscribe for More Information | | | 06:17 EDT | | MSFT | Taiwan tablet sales to reach 2M units in 2013, DigiTimes reports
Tablet demand in the Taiwan market is set to reach 2M units in 2013, reports DigiTimes, according to a Far EasTone Telecommunications Officer. Maxwell Cheng said the forecast for tablet sales volume in 2013 is set to double the level in 2012, with the 7-inch models estimated to account for 70%-80% of solid tablets. Reference Link | | |
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