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Stock Market & Financial Investment News

News Breaks
March 20, 2012
06:06 EDTCAJ, SNE, BRDCY, NMROn The Fly: Asian News Wrap-Up
Asian stocks were mixed, as gains in China were offset by losses in many of the smaller exchanges. JAPAN: The Nikkei 225 inched upward 0.1% to 10,129.83. Sony (SNE) gained 0.6%, while Canon (CAJ) added 0.6% and tire maker Bridgestone (BRDCY) fell 1%. CHINA: The Shanghai Composite Index rose 1.3% to 2,404.74. Jiangling Motors climbed 2.6%, while Shanghai Pudong Development Bank rose 0.7% and liquor maker Kweichow Moutai jumped 4.4%. AROUND ASIA: Hong Kong's Hang Seng Index declined 0.17%, India's Sensex fell 1.19%, and South Korea's Kospi dropped 0.46%...Nomura Holding's (NMR) debt rating was dropped to the lowest investment grade by Moody's...Philippine Stock Exchange CEO Hans Sicat has stated the nation's stock market is close to its peak, following a day in which the benchmark index climbed to its highest point since 2007.
News For NMR;SNE;CAJ;BRDCY From The Last 14 Days
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November 20, 2014
12:00 EDTCAJAnalyst sees new competition shaking up 3D printing market
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07:47 EDTSNESupply chains see FY15 TV shipments up 10%, DigiTimes says
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07:42 EDTSNEStudios looking abroad for opportunity in TV licensing, WSJ reports
For U.S. television studios, such as Time Warner’s (TWX) Warner Bros., licensing shows abroad, which was once a small side business, has become a much-needed source of growth and is increasingly needed to make shows profitable, reported The Wall Street Journal. In addition to Time Warner, CBS Corp. (CBS), Sony (SNE) and 21st Century Fox (FOXA) also see huge promise from international TV distribution, the report noted. Reference Link
November 19, 2014
06:22 EDTNMRNomura's Europe CEO Jeremy Bennett resigns, FT reports
Jeremy Bennett, Nomura's Europe CEO, has resigned from the job after just 18 months to pursue opportunities in the charitable sector and emerging markets, a source tells the Financial Times. Yasuo Kashiwagi will become acting CEO of the unit. Reference Link
November 18, 2014
10:34 EDTSNESony climbs after setting long-term targets for movie unit
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09:56 EDTSNEOn The Fly: Analyst Upgrade Summary
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06:40 EDTSNESony looking to boost movie entertainment revenue, Reuters reports
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06:39 EDTSNESony to re-evaluate support for free online music, WSJ says
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06:30 EDTSNESony upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Sony to Buy after the company gave Pictures and Music sales targets for FY17 saying it had undervalued management's strategic initiatives.
06:28 EDTSNESony targets FY17 Pictures sales $10B-$11B, Music sales $4.8B-$5.2B
Sony announced its financial targets for the Pictures and Music segments for the fiscal year ending March 31, 2018. For Pictures, Sony targets FY17 sales of $10B-$11B and operating income margin of 7%-8%. For Music, Sony targets FY14 sales of $4.8B-$5.2B and operating margin income 10.5%-11.5%. Sony also announced that it has increased its $250M in targeted overhead and procurement savings in its Pictures segment that it announced in November 2013, by $50 for a total of $300M. Sony expects the annualized savings to be fully implemented by the end of the fiscal year ending March 31, 2016. For FY15, Sony targets Pictures sales of $8.1B and Music sales of $4.8B.
November 17, 2014
10:02 EDTSNEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CyrusOne (CONE) upgraded to Buy from Hold at Stifel... MGIC Investment (MTG) upgraded to Conviction Buy from Buy at Goldman... NuVasive (NUVA) upgraded to Outperform from Market Perform at Wells Fargo... Phillips 66 (PSX) upgraded to Outperform from Neutral at Credit Suisse... Pinnacle Foods (PF) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Outperform from Sector Perform at RBC Capital.. Thoratec (THOR) upgraded to Outperform from Market Perform at Wells Fargo... Volcano (VOLC) upgraded to Outperform from Neutral at Credit Suisse... Progressive Waste (BIN) upgraded to Neutral from Underperform at Macquarie... Clean Harbors (CLH) upgraded to Outperform from Neutral at Wedbush... McGraw Hill Financial (MHFI) upgraded to Buy from Hold at Benchmark Co... Chesapeake (CHK) upgraded to Outperform from Market Perform at Bernstein... American Science & Engineering (ASEI) upgraded to Fair Value from Sell at CRT Capital... Sony (SNE) upgraded to Overweight from Equal Weight at Morgan Stanley.
November 16, 2014
19:58 EDTSNE, NMR, CAJJapan's GDP contracts 1.6% in third quarter, WSJ says
Japan's economy has slumped into a recession in the third quarter as a sales tax increase resulted in firms cutting inventory and capital investment, says the Wall Street Journal. According to the Wall Street Journal report, Japan's real GDP in Q3 retreated 1.6% on an annualized basis against a median forecast for a 2.25% expansion. The setback in the country's growth will likely result in Prime Minster Shinzo Abe postponing a second sales tax increase, added the Wall Street Journal. Reference Link
November 14, 2014
09:05 EDTSNENPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
08:18 EDTNMRNomura puts mortgage-bond traders on leave for unknown reason, Bloomberg says
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November 13, 2014
06:45 EDTSNEMicrosoft Xbox sales tripled since price cut, CNet reports
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06:17 EDTSNESony unveils PlayStation Vue, a cloud-based TV service
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November 12, 2014
07:22 EDTCAJAssociation of Molecular Pathology is holding annual meeting
2014 Annual Meeting of AMP is being held in National Harbor, Maryland on November 12-15.
November 7, 2014
09:38 EDTNMRNomura downgraded to Neutral from Outperform at Macquarie
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