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Stock Market & Financial Investment News

News Breaks
June 23, 2014
16:17 EDTWEC, MTOR, TEG, QCOM, NSPH, ETN, PRKROn The Fly: Closing Wrap
Stocks on Wall Street began the session in negative territory and remained there for most of the session, though a late day rally allowed the Nasdaq to move very narrowly into positive territory. Preliminary, or "flash," manufacturing index readings in the U.S. and China rose from last month and indicated expansion, but a similar reading in Europe fell from its May level. The major averages drifted throughout the day and remained in a narrow range, as the Dow remained below the 17,000 milestone for another day. ECONOMIC EVENTS: In the U.S., Markit's flash manufacturing purchasing managers index for June rose to 57.5 from 56.4 in May. Existing home sales beat estimates with a 4.9% May rise to a 4.89M rate. In China, HSBC's flash manufacturing PMI rose to 50.8 from 49.4 last month, hitting a seven-month high and moving into expansion territory for the first time this year. In Europe, Markit's euro zone flash composite purchasing managers' index, which measures activity across both the manufacturing and services sectors, fell to 52.8 in June from 53.5 in May. COMPANY NEWS: Shares of radio frequency technologies and products company ParkerVision (PRKR) crashed $3.16, or 63.07%, to $1.85 after a Florida judge ruled in favor of its competitor, Qualcomm (QCOM), in a patent infringement case between the two. ParkerVision confirmed that on Friday, June 20, a judge granted Qualcomm's motion for non-infringement but denied Qualcomm's motion for invalidity. ParkerVision CEO Jeffrey Parker said, "While we are pleased that the court upheld the jury's decision that the patents are valid, we are obviously disappointed with the District Court's ruling that judgment be entered for Qualcomm on non-infringement. We will appeal this latest ruling on non-infringement." In October 2013 a jury had found that ParkerVision's down-conversion technology patents were valid and infringed by Qualcomm and awarded ParkerVision $172.7M in damages. MAJOR MOVERS: Among the notable gainers was small-cap Nanosphere (NSPH), which surged 20c, or 14.6%, to $1.57 after it was selected by HealthTrust as a provider of multi-target molecular diagnostic tests for the nearly 1,400 acute care facilities that are part of the HealthTrust membership. Also higher was Integrys (TEG), which jumped $7.40, or 12.14%, to $68.35 after agreeing to be acquired by Wisconsin Energy (WEC) in a transaction valued at $9.1B. Wisconsin Energy shares slid $1.62, or 3.45%, to $45.27 following the deal announcement. Among the other noteworthy losers was Meritor (MTOR), which fell $1.91, or 13.09%, to $12.68 after industrial products maker Eaton (ETN) agreed to pay its joint venture, ZF Meritor, $500M to settle a lawsuit that alleged Eaton had sought to stifle competition in the truck transmission market. Wells Fargo analyst Andrew Casey wrote that the $500M amount was lower than most had expected, since Eaton may have had to pay $1.4B-$2.4B if the size of the payment had been decided through a trial. Eaton shares trading in New York advanced $1.68, or 2.17%, to $79.24 following the settlement deal. INDEXES: The Dow fell 9.82, or 0.06%, to 16,937.26, the Nasdaq gained 0.64, or 0.01%, to 4,368.68, and the S&P 500 slipped 0.26, or 0.01%, to 1,962.61.
News For PRKR;QCOM;MTOR;ETN;TEG;WEC;NSPH From The Last 14 Days
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December 19, 2014
06:12 EDTQCOMStocks with implied volatility below IV index mean; QCOM ORCL
Stocks with implied volatility below IV index mean; Qualcomm (QCOM) 20, Oracle (ORCL) 19 according to iVolatility.
December 18, 2014
16:42 EDTPRKR, QCOMPTAB issues mixed decision on IPR petitions for three ParkerVision patents
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December 16, 2014
06:02 EDTQCOMStocks with implied volatility below IV index mean; QCOM CBST
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December 12, 2014
06:32 EDTQCOMQualcomm commits to invest $40M into Chinese companies
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December 11, 2014
06:32 EDTQCOMGlobalfoundries hope to win orders from Qualcomm and Apple, DigiTimes reports
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06:06 EDTQCOMQualcomm cutting 600 jobs worldwide, CNet reports
A Qualcomm spokesperson has confirmed that the company is planning to cut 600 jobs globally, with around half the cuts coming in California, CNet reports. The spokesperson notes that the layoffs are not related to ongoing investigations in the U.S., China and the EU, commenting that the layoffs are "focused on specific projects and programs and reflects current business priorities." Reference Link
December 10, 2014
07:45 EDTWECWells Fargo to hold a symposium
2014 Wells Fargo Energy Symposium is being held in New York on December 9-10; with webcasted company presentations to begin on December 10 at 8 am; not all company presentations may be webcasted. Webcast Link
December 8, 2014
07:31 EDTQCOMQualcomm announces collabration with vitaphone e-health solutions
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