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News Breaks | | | | October 11, 2012 | | 12:23 EDT |  | S, SWY, CTB, FAST, SSNLF, AAPL, SFTBF, DTEGY, PCS, CLWR, DLTR | On 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, Spain’s 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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News For S;CLWR;PCS;DTEGY;SFTBF;AAPL;SSNLF;FAST;CTB;SWY;DLTR From The Last 14 Days Check below for free stories on S;CLWR;PCS;DTEGY;SFTBF;AAPL;SSNLF;FAST;CTB;SWY;DLTR the last two weeks. |
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| May 23, 2013 | | 10:10 EDT |  | SSNLF | Google Glass reportedly to use Samsung OLED displays, SlashGear says
 Subscribe for More Information | | | 09:59 EDT | | AAPL | Analyst: Apple won't launch computerized watch until late 2014, BGR says
Subscribe for More Information | | | 09:37 EDT |  | AAPL | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ | | | 09:25 EDT |  | AAPL, SSNLF | Samsung's Galaxy S4 reaches 10M channel sales
Samsung Electronics announced that global channel sales of its GALAXY S4 has surpassed 10M units sold in less than one month after its commercial debut. Launched globally on April 27 in 60 countries, the phone is estimated to be selling at a rate of four units per second. | | | 08:09 EDT | | S | DISH issues statement on SoftBank and CFIUS
Subscribe for More Information | | | 07:34 EDT |  | DLTR | Dollar Tree sees FY13 EPS $2.61-$2.77, consensus $2.79
Sees FY13 revenue $7.81B-$7.97B based on a range of low-single digit positive comparable store sales, consensus $7.94B. | | | 07:33 EDT | | DLTR | Dollar Tree sees Q2 EPS 52c-57c, consensus 57c
Subscribe for More Information | | | 07:32 EDT | | DLTR | Dollar Tree reports Q1 EPS 59c, consensus 57c
Reports Q1 revenue $1.87B, consensus $1.87B. Reports Q1 SSS up 2.1%. | | | 07:11 EDT | | AAPL | EU's Barnier wants big companies to disclose national tax bills, Reuters reports
Subscribe for More Information | | | 07:10 EDT | | SFTBF, S | SoftBank would allow U.S. influence over Sprint operations, WSJ reports
Subscribe for More Information | | | | 06:08 EDT | | AAPL, S, SFTBF | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 06:04 EDT | | AAPL | Apple hoping to launch music service at June conference, NY Post reports
Subscribe for More Information | | | 05:45 EDT | | AAPL | Big companies remove subsidiaries based on SEC disclosure rules, WSJ reports
Subscribe for More Information | | | May 22, 2013 | | 15:43 EDT | | S, CLWR | Clearwire holder group sees Sprint offer as still too low
Clearwire (CLWR) shareholders Mount Kellett, Highside Capital, Glenview Capital and Chesapeake Partners, who collectively reported an 18.2% stake in Clearwire, stated in a regulatory filing that they continue to believe that the proposed price offered by Sprint (S) for Clearwire is too low. | | | 15:25 EDT | | DLTR | Notable companies reporting before tomorrow's open
Subscribe for More Information | | | 14:06 EDT | | S | Google’s X Phone confirmed for Sprint, BGR says
Subscribe for More Information | | | 13:43 EDT | | SSNLF | Samsung takes stake in Pantech, AllThings D says
Subscribe for More Information | | | 12:07 EDT | | SSNLF, AAPL | Consumer Reports says Galaxy S 4 is top smartphone, iPhone 5 fifth, CNN says
Subscribe for More Information | | | 09:42 EDT |  | AAPL | Apple rises in early trading, levels to watch
Subscribe for More Information | | | 09:39 EDT | | AAPL | Active equity option families trading
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