New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 20, 2012
12:27 EDTKMX, ARRS, ICE, MDRX, RAD, ORCL, NYX, FOLD, GOOG, ELOQOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, as investors appear to be in a holding pattern until more clarity on the fiscal cliff emerges. A number of domestic economic reports were released throughout the morning, including weekly jobless claims data, the leading economic indicators, and the final revision to third quarter GDP, but market participants remain fixated on the cliff negotiations in Washington, leaving the averages to drift... ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 17,000 to 361,000, versus expectations for a climb to 360,000. Third-quarter GDP growth was revised up to 3.1% from the prior 2.7% estimate, beating expectations for a more modest upward revision to 2.8%. The Philadelphia Fed Manufacturing survey for December had a reading of +8.1, versus the expected -3.0. The index of U.S. leading indicators fell 0.2% in November, which matched the consensus forecast. Existing home sales were up 5.9% from the prior month to a seasonally adjusted annual rate of 5.04M units in November, beating expectations. A separate report said home prices edged up 0.5% on a seasonally adjusted basis from September to October, which was also more than expected. In Asia, the Bank of Japan expanded its asset-purchase program by Y10T, or over 10%, to Y101T... COMPANY NEWS: Acquisitions in the financial and tech industries sent two stocks up over 30%. IntercontinentalExchange (ICE) agreed to acquire NYSE Euronext (NYX) in a stock-and-cash transaction currently valued at $33.12, sending shares of NYSE up 33% to $32.01 and IntercontinentalExchange shares down fractionally. Also, Oracle (ORCL) struck a deal to buy Eloqua (ELOQ), a provider of cloud-based software, for $23.50 per share, sending Eloqua's stock up 31% to $23.51... Google (GOOG) agreed to sell its Motorola Home Business for $2.35B in cash and stock to ARRIS Group (ARRS). Google shares moved fractionally higher, while ARRIS' stock jumped nearly 5%... MAJOR MOVERS: Among the notable gainers were Rite Aid (RAD), up over 15%, and CarMax (KMX), up nearly 9%, following their quarterly reports. Among the noteworthy losers was Amicus Theraputics (FOLD), down about 45% after Leerink cut its price target on shares and Capstone downgraded the stock following the failure of its study of a therapy for Fabry disease. Also lower were shares of Allscripts (MDRX), which fell almost 14% after its evaluation of strategic alternatives ended without a sale and its CEO stepped down... INDICES: Near noon, the Dow was down 15.36, or 0.12%, to 13,236.61; the Nasdaq was down 4.53, or 0.15%, to 3,039.83; and the S&P 500 was up 0.31, or 0.02%, to 1,436.12.
News For NYX;ICE;ELOQ;ORCL;ARRS;GOOG;RAD;KMX;FOLD;MDRX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
February 23, 2015
05:07 EDTARRSARRIS selected to build next-generation HFC broadband network by NBN Co
NBN Co, the government business enterprise tasked with delivering open access broadband network to all Australians, has chosen ARRIS to build its next-generation Hybrid Fiber-Coaxial, or HFC, broadband network. Using HFC technology will allow NBN Co to build upon existing cable infrastructure which will mean significant cost savings for Australian tax-payers over alternative technologies. It also will allow advanced broadband speeds to be delivered to subscribers across Australia.
February 20, 2015
07:42 EDTGOOGFDA authorizes 23andMe to market genetic testing for Bloom Syndrome
The U.S. Food and Drug Administration yesterday authorized for marketing Google-backed 23andMe’s Bloom Syndrome carrier test, a direct-to-consumer genetic test to determine whether a healthy person has a variant in a gene that could lead to their offspring inheriting the serious disorder. Along with this authorization, the FDA is also classifying carrier screening tests as class II. In addition, the FDA intends to exempt these devices from FDA premarket review. The agency plans to issue a notice that announces the intent to exempt these tests and that provides a 30-day period for public comment.
06:22 EDTGOOGYouTube to release stand-alone app for kids, WSJ says
Google's YouTube is planning to release a smartphone and tablet app for kids featuring original episodes of television shows including "Thomas the Tank Engine" and "Sesame Street," as well as content from existing YouTube kids channels, reports the Wall Street Journal, citing a person familiar with the matter. The app -- slated for an official reveal Monday at the Kidscreen Summit -- will initially only be available for Android devices. The source said the inclusion of ads is "under discussion." Reference Link
February 19, 2015
11:04 EDTORCLOracle unveils new big data solutions
Subscribe for More Information
07:19 EDTARRSARRIS results solid, guidance appears conservative, says Brean Capital
Brean Capital said ARRIS reported solid Q4 results, but its guidance appears to be conservative. The firm expects ARRIS to continue to outperform on the back of multiple expansion and upward revision of estimates. Brean Capital reiterated its Buy rating but lowered its price target to $34 from $36 on ARRIS shares.
06:34 EDTGOOGYouTube to unveil paid music service soon, Reuters reports
Subscribe for More Information
February 18, 2015
16:03 EDTARRSARRIS sees Q1 adjusted EPS 40c-45c, consensus 55c
Sees Q1 revenue $1.2B-$1.24B, consensus $1.24B. "Our business in the first quarter is being impacted by anticipated reductions in volume, product mix, and price reductions implemented at the beginning of the year," said David Potts, ARRIS CFO.
16:02 EDTARRSARRIS reports Q4 adjusted EPS 78c, consensus 61c
Reports Q4 revenue $1.26B, consensus $1.26B. Order backlog was $631.0M and the company's book-to-bill ratio was 1.03.
15:35 EDTARRSNotable companies reporting after market close
Subscribe for More Information
15:15 EDTGOOGAngie's List could be more attractive to buyers given traction, says Barrington
Subscribe for More Information
11:49 EDTGOOGFacebook CEO would 'love to work with Google' on connectivity, Bloomberg says
Subscribe for More Information
07:48 EDTGOOGYandex requests anti-trust investigation against Google, TechCrunch says
Subscribe for More Information
07:06 EDTGOOGGoogle Capital hiring for India expansion, WSJ says
Subscribe for More Information
06:32 EDTICEBATS Global Markets to replace CEO ahead of possible IPO, WSJ says
Subscribe for More Information
06:20 EDTGOOGApple awarded patent for wireless head-mounted display, Financial Times reports
Subscribe for More Information
04:55 EDTORCLStocks with implied volatility movement; MO ORCL
Subscribe for More Information
February 17, 2015
12:12 EDTGOOGAT&T to match Google Fiber speed, pricing in Kansas City area, KC Star says
AT&T (T) announced on Sunday that it would offer Internet service in Kansas City and several of itssuburbs, with the same speed and pricing as Internet service provided by Google's Google Fiber service in the region, according to The Kansas City Star. Reference Link
10:31 EDTGOOGApple rises as analysts applaud reported auto ambitions
Subscribe for More Information
08:50 EDTGOOGGoogle launches Chinese YouTube channel for app developers, TechCrunch says
Subscribe for More Information
February 16, 2015
17:24 EDTORCLFIS, Oracle among those exploring Monitise bid, Sky News reports
FIS (FIS) is among the U.S. companies considering a takeover bid for Monitise, the UK mobile banking software manufacturer which put itself up for sale last month, Mark Kleinman of Sky News reports. Other possible bidders include Oracle (ORCL) and IBM (IBM), Kleinman added. He pointed out that all of the takeover discussions are said to be at an early stage. Reference Link
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use