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Stock Market & Financial Investment News

News Breaks
October 11, 2012
12:23 EDTS, SWY, CTB, FAST, SSNLF, AAPL, SFTBF, DTEGY, PCS, CLWR, DLTROn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as jobless claims fell to their lowest weekly level in years, though the data appeared to be impacted by a reporting irregularity. Stocks began the session moderately higher but never really gained upside momentum. The catalyst for the early move, the unexpected decrease in the weekly jobless claims data, may have been largely impacted by one state failing to file certain data on time, taking the luster off the early positive surprise. The averages began to drift off their highs and were struggling to stay in positive territory as the lunch hour approached... ECONOMIC EVENTS: In the U.S., weekly initial jobless claims were 339,000, versus the expected 370,000. However, a Labor Department economist reportedly said one large state didn't report additional quarterly figures as expected, which influenced the figure. The trade balance report showed a deficit of $44.2B, versus the expected deficit of $44.0B. A separate report showed import prices increased 1.1% in September, versus the expected increase of 0.7%. In Europe, Spainís credit rating was downgraded by S&P by two notches late Wednesday... COMPANY NEWS: Shares of Sprint (S) climbed following reports, which the company then confirmed, that it is in talks with Japanese cellphone company Softbank (SFTBF) regarding a potential "substantial investment." CNBC said Softbank may be attracted to Sprint, which may be working to buy Clearwire (CLWR), because of spectrum holdings. The talks come a bit over a week after Deutsche Telekom (DTEGY) owned T-Mobile and MetroPCS (PCS) agreed to combine their U.S. cellphone businesses. In midday trading, shares in Clearwire were up 32% to $1.72 and Sprint was up 15% to $5.80, while PCS slid over 3% to $11.63... An appeals court reversed an injunction granted to Apple (AAPL) against Samsung's (SSNLF) Galaxy Nexus smartphone, meaning sales of the phone can begin again while the patent fight between the companies continues... MAJOR MOVERS: Among the notable gainers were Fastenal (FAST), up over 8% after the company reported in-line results for its third quarter and raised its dividend, and Cooper Tire (CTB), up nearly 8% following reports that Indian tire maker Apollo Tyres is in the process of acquiring Cooper. Among the noteworthy losers were Safeway (SWY), down 3% after its earnings beat expectations but its revenues missed consensus forecasts, and Dollar Tree (DLTR), down more than 7% after saying its sees its Q3 sales coming in at the low end of its prior forecast... INDICES: Near noon, the Dow was up 35.93, or 0.27%, to 13,380.90; the Nasdaq was up 11.95, or 0.39%, to 3,063.73; and the S&P 500 was up 6.81, or 0.48%, to 1,439.37.
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August 8, 2014
11:32 EDTSSprint is preparing to engage in fierce pricing war, WSJ reports
Sprint (S) is preparing to engage in a fierce price competition on the heels of an almost complete network revamp, according to the Wall Street Journal, citing Masayoshi Son, the CEO of parent company Softbank (SFTBY). Sprint is currently testing new pricing plans, and will utilize its "street fighter" strategies to take on larger rivals Verizon (VZ) and AT&T (T). "Price competition will intensify. Sprint will soon be ready to join the fray," Son said. Reference Link
11:32 EDTSStocks with call strike movement; WETF S
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09:37 EDTAAPLActive equity options trading on open
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07:31 EDTAAPLChina refutes report of Apple product procurement ban, Re/code reports
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07:06 EDTSSNLFSamsung, Barnes & Noble holding press event on August 20, Business Insider says
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06:08 EDTST-Mobile plans to overtake Sprint in total customers by end of year, CEO says
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August 7, 2014
16:00 EDTAAPLOptions Update; August 7, 2014
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12:04 EDTSStocks with call strike movement; SUNE S
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09:36 EDTAAPLActive equity options trading on open
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08:09 EDTDTEGYIliad to step up pitch for T-Mobile takeover, FT says
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07:59 EDTSDISH price target raised to $78 from $62 at Brean Capital
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07:33 EDTCTBCooper Tire announces accelerated share repurchase program
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07:32 EDTCTBCooper Tire reports Q2 EPS 59c, may not compare to consensus 80c
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07:23 EDTSSNLFSamsung pushed to revamp itself as smartphone sales falter, Reuters says
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06:43 EDTAAPLApple poaches YSL's Catherine Monier, 9to5Mac reports
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06:39 EDTDTEGYDeutsche says firm has no bid which sweetens T-Mobile U.S., Reuters says
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06:28 EDTDTEGY, SDeutsche CEO asks for regulators help in spectrum auction, Reuters says
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06:19 EDTAAPLMicrosoft in talks to open Fifth Avenue store, Daily News reports
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06:17 EDTS, SFTBFSoftbank shifting focus to Sprint turnaround, WSJ reports
SoftBank's (SFTBF) decision to end its pursuit of T-Mobile US (TMUS) has shifted focus to how the company will turn around Sprint (S) without the deal as well as other potential investment targets, the Wall Street Journal reports. Reference Link
05:54 EDTSStocks with implied volatility movement; RAD S
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