New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 21, 2013
12:09 EDTSCHL, HPQ, DELL, ACAD, CSCO, ORCL, GES, SVU, BXOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as Europe's woes continue, though purchasing managers' indexes for the U.S. and China were strong. Amidst the backdrop of ongoing negotiations in Cyprus and a wealth of economic data from around the globe, the major averages slumped at the open and have been range-bound ever since... ECONOMIC EVENTS: In the U.S., jobless claims rose 2K from the prior week to 336K, a bit below the forecast for an increase to 340K. The FHFA home price index for January rose 0.6% from the prior month, versus expectations for a 0.7% advance. The leading economic indicators rose 0.5% for February, versus expectations for an increase of 0.4%. Existing home sales rose 0.8% in February, versus expectations for a 1.6% monthly increase. The Philly Fed manufacturing survey reading for March came in at +2.0, versus expectations for a -3.0 reading. Markit's preliminary U.S. purchasing managers' index for March came in at 54.9, nearly matching the 54.8 consensus forecast. In China, HSBC's preliminary PMI reading for March was 51.7, which compares to a 50.4 final reading for February. In Europe, Markit's flash composite PMI for services and manufacturing fell to 46.5 in March from 47.9 in February. Also, the European Central Bank said it will cut Cypriot banks off from emergency funds after this Monday, March 25, unless a bailout agreement is struck with the EU and IMF... COMPANY NEWS: Oracle (ORCL) shares fell 8% and were downgraded at CLSA and Evercore following the company's disappointing earnings report. Oracle may also risk losing its president Mark Hurd, according to a report from Fortune. The publication said Blackstone (BX) is seriously considering a bid for Dell (DELL) and one of the PE firm's top choices to run Dell, assuming it chooses to bid, would be Oracle's Hurd... Cisco (CSCO) was by far the Dow's worst performer, sinking over 3% following Oracle's report and after FBR Capital downgraded Cisco to an Underperform rating in a note to investors earlier today... Hewlett-Packard (HPQ) raised its regular dividend by 10% after shareholders failed in an attempt to remove the company's two longest-serving directors at its annual meeting, held last night... MAJOR MOVERS: Among the notable gainers was SuperValu (SVU), which rose more than 6% after it completed the sale of several of its chains to a private equity firm consortium in a deal valued at $3.3B, including $100M in cash and $3.2B in debt assumption. Also higher were shares of ACADIA Pharmaceuticals (ACAD), up 29% after presenting detailed results from a Phase III study of its treatment for Parkinson's disease psychosis. Among the noteworthy losers following their earnings reports were Scholastic (SCHL), which fell 14%, and Guess (GES), which declined nearly 5%... INDICES: Near noon, the Dow was down 35.83, or 0.25%, to 14,475.90; the Nasdaq was down 20.01, or 0.61%, to 3,234.18; and the S&P 500 was down 4.80, or 0.31%, to 1,553.91.
News For ORCL;DELL;BX;CSCO;HPQ;SVU;ACAD;SCHL;GES 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 | >>
July 21, 2015
06:19 EDTHPQSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
Subscribe for More Information
July 20, 2015
14:41 EDTBXThoma Bravo, Blackstone competing for NCR with final bids due, dealReporter says
Subscribe for More Information
11:21 EDTBXBlackstone, Corsair Capital acquire majority stake in First Eagle
Subscribe for More Information
07:07 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Montreal/Toronto on July 20 hosted by Deutsche Bank.
July 17, 2015
07:05 EDTCSCOCisco management to meet with Deutsche Bank
Subscribe for More Information
July 16, 2015
18:48 EDTORCLOracle drops largest copyright damages theory against Rimini Street
Subscribe for More Information
12:06 EDTBXBlackstone says doesn't have "a lot of exposure" to oil and gas
Subscribe for More Information
11:43 EDTBXBlackstone COO says company has no plans to buy assets in Greece
Blackstone COO Tony James made the comment during the company's Q2 earnings call.
11:39 EDTORCLOracle management to meet with Evercore ISI
Subscribe for More Information
11:12 EDTBXBlackstone says could have raised 'much more' than $94B over last year
Subscribe for More Information
09:35 EDTBXActive equity options trading on open
Subscribe for More Information
09:08 EDTBXOn The Fly: Pre-market Movers
Subscribe for More Information
09:08 EDTCSCOGE unveils high-speed network infrastructure for industrial internet connection
Subscribe for More Information
07:20 EDTBXBlackstone's Gray sees room for real estate growth in U.S., WSJ reports
Blackstone global head of real estate Jonathan Gray sees plenty of room to run for real estate prices overall, particularly in the U.S., the Wall Street Journal says. Gray said that the wave of foreign buyers entering the U.S. real estate market is in early stages and should continue to grow, the report says. Reference Link
07:15 EDTCSCOCisco management to meet with Deutsche Bank
Subscribe for More Information
07:08 EDTBXBlackston: Portfolio company fundamentals 'trending better than overall economy'
Stephen A. Schwarzman, Chairman and CEO, said, “We produced solid results for our investors in the second quarter with strong realization activity despite challenging market conditions. While the weak global equity markets adversely impacted some of our holdings, underlying portfolio company fundamentals are trending significantly better than the overall economy and point towards a fertile field for future value growth and realizations. At the same time we reported $94B in gross capital inflows over the past twelve months, a record for the firm and our industry, propelling our Total Assets Under Management to another record of $333B, up 19% year-over-year.”
07:03 EDTBXBlackstone reports Q2 fee-earning AUM $239.34B
Subscribe for More Information
07:02 EDTBXBlackstone reports Q2 ENI 43c, consensus 47c
Subscribe for More Information
07:01 EDTBXBlackstone reports Q2 ENI 43c, consensus 47c
Subscribe for More Information
06:25 EDTORCLOracle announces 'disciplined reduction' in overall compensatoin
Oracle announced bonuses to Ellison, Catz and Hurd will be paid out at $0 in FY15, compared to 16% targe tin FY14. Oracle said that no performance-based cash bonuses will be awarded in years where no growth in non-GAAP pre-tax profits is achieved. PSU payouts are based on Oracle revenue growth and operating cash flow growth relative to select peer company performances. In connection with the management transition in 2015, the compensation committee canceled 1.5M equity equivalent shares of Ellison's FY15 equity award. The company announced option awards will be reduced to 5 year terms from 10 year terms in 2016, significantly reducing its value and maintaining long-term vest. Comments taken from slides for July Investor Presentation.
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