New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 20, 2013
12:35 EDTODP, OMX, CAT, NTSP, TSS, HNR, MMOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday following the release of several domestic economic reports and ahead of the minutes from the last FOMC meeting. The averages drifted quietly with little direction in the early part of the session, but weakened following rumors that a sizable commodity hedge fund was in trouble and was forced to liquidate. Details of that rumored collapse were scarce, though crude prices were down over 2% in midday trading... ECONOMIC EVENTS: In the U.S., Commerce Department figures showed total housing starts dropped 8.5% to a 890K rate in January, which was less than forecast. However, building permits were up 1.8% in the month, versus expectations for an increase of 1.2%. Producer prices in January rose 0.2%, versus expectations for an increase of 0.3%. The core producer price inflation figure, which excludes volatile food and energy components, rose 0.2%, which was in line with expectations. Also, the Federal Reserve is scheduled to release the minutes from its Jan. 29-30 meeting at 2pm ET... COMPANY NEWS: Shares of Office Depot (ODP) and OfficeMax (OMX) both declined after confirming their previously rumored plan to merge, but the announcement took a strange turn. Office Depot inadvertently announced the deal early as part of its earnings report, though both companies confirmed the merger in press releases later in the morning. Following the confirmation of the all-stock deal, Office Depot fell 14%, while OfficeMax slid nearly 4%... Dow member Caterpillar (CAT) declined almost 2% after disclosing that global retail machine sales dropped 4% in the three months through January, continuing a trend of declining sales that began in the prior month... MAJOR MOVERS: Among the notable gainers was NetSpend (NTSP), which rose over 28% to $15.79 after agreeing to be acquired by Total Systems (TSS) for $16 per share. Shares of buyer Total Systems slipped more than 6%. Also lower were shares Harvest Natural Resources (HNR), down over 38% after its agreement to sell interests in Venezuela was terminated, and Millennial Media (MM), which fell 36% after its quarterly report and a downgrade of the stock at Morgan Stanley... INDICES: Near midday, the Dow was down 18.97, or 0.14%, to 14,016.70; the Nasdaq was down 17.42, or 0.54%, to 3,196.17; and the S&P 500 was down 6.17, or 0.40%, to 1,524.77.
News For ODP;OMX;CAT;NTSP;TSS;HNR;MM From The Last 14 Days
Check below for free stories on ODP;OMX;CAT;NTSP;TSS;HNR;MM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 25, 2014
14:32 EDTCATGoldman Sachs close to acquiring Neovia Logistics for $1B, Reuters says
Subscribe for More Information
September 23, 2014
15:19 EDTCATCaterpillar close to triggering a bearish price pattern
There is a potential triple top, which resembles an irregularly-shaped bearish head and shoulders pattern, that is clearly visible on a 2-year chart. At the current price of $100.20, the pattern is close to triggering. Whether seen as a triple top or head and shoulders, the neckline is at $100. If there is a break below that level, the pattern would become active. Downside potential for the pattern, if it remained active and completed, would be to the $89 area. This would place shares close to the breakout point back in late January 2014. It would take a move back above $107 to void the pattern.
14:58 EDTCATCaterpillar looking for smaller deals in energy, transportation space
14:56 EDTCATCaterpillar backs FY14 EPS view $6.20, consensus $6.28
Subscribe for More Information
07:29 EDTMMMillennial Media to host conference call
Subscribe for More Information
07:03 EDTMMMillennial Media backs Q3 revenue view $65M-$70M, consensus $67.55M
Subscribe for More Information
07:02 EDTMMMillennial Media to acquire Nexage for $107.5M
Subscribe for More Information
September 22, 2014
07:25 EDTCATCitigroup to hold a conference
Industrials Conference to be held in Boston on September 22-24.
September 19, 2014
11:11 EDTCATCaterpillar sales trends for August mixed, says Wells Fargo
Subscribe for More Information
09:13 EDTCATCaterpillar reports Machines sales down 10% in three months end August
Subscribe for More Information
September 16, 2014
07:26 EDTCATUltima Media to hold a conference
Subscribe for More Information

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