New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
October 15, 2012
12:31 EDTS, CLWR, SFTBF, C, YONG, AEGR, DCTH, AMED, HUMOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday following a report that showed surprisingly strong retail sales in September. The averages started out slightly higher and seemed to have trouble gaining any upside momentum in the early hours of trading. The reaction to the better than expected retails sales figures seemed to be muted by the disappointing Empire manufacturing data. Following the report on August business inventories the averages actually crossed into negative territory, before reversing and drifting higher. The averages stood near session highs around noon as this week begins more positively for the markets than last week... ECONOMIC EVENTS: In the U.S., retail sales rose 1.1% in September, versus expectations for an increase of 0.8%. The core reading, minus auto and gas components, increased 0.9%, versus expectations for a 0.4% gain. The Empire Manufacturing Index had a reading of -6.16, versus expectations for a reading of -4.0. Business inventories reportedly increased 0.6% in August, versus expectations for an increase of 0.5%. In China, a raft of data was reported over the weekend, including better than expected export numbers. Chinese export growth accelerated to 9.9% and import growth accelerated to 2.4%, but some irregularities kept investors and analysts cautious about the results. Also, China's consumer-price index eased in line with expectations and a gauge of producer prices showed a steepening drop, fueling speculation that the government may take further monetary stimulus action... COMPANY NEWS: Japan's SoftBank (SFTBF) confirmed a deal to purchase a 70% stake in Sprint (S) for about $20B. Shares of Sprint were down fractionally after the details of the previously speculated arrangement were publicized. However, moving up again were shares of Sprint partner Clearwire (CLWR), which rose 11% though Sprint CEO Dan Hesse said he would not speculate on what Sprint will do with its new-found financial flexibility... Shares of Citigroup (C) jumped nearly 5% as its third quarter earnings beat expectations after its write down of the value of its remaining stake in Smith Barney and some other adjustments were excluded... MAJOR MOVERS: Among the notable gainers were Yongye International (YONG), up 17% following its receipt of "going private" proposal at $6.60 per share, and Aegerion Pharmaceuticals (AEGR), up 9% after the FDA posted briefing documents for a panel's upcoming review of one of the company's drugs. Among the noteworthy losers was Delcath Systems (DCTH), down over 18% after the FDA accepted the company's New Drug Application for its chemosaturation system and designated the NDA for standard review. Also lower were shares of Amedisys (AMED), down 9% after the company signed a new agreement with Humana (HUM) to provide home health services but under a revised reimbursement scheme from their prior arrangement... INDICES: Near noon, the Dow was up 67.40, or 0.51%, to 13,396.25; the Nasdaq was up 9.07, or 0.30%, to 3,053.18; and the S&P 500 was up 6.88, or 0.48%, to 1,435.47.
News For S;CLWR;SFTBF;C;YONG;AEGR;DCTH;AMED;HUM From The Last 14 Days
Check below for free stories on S;CLWR;SFTBF;C;YONG;AEGR;DCTH;AMED;HUM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
September 11, 2014
09:17 EDTCSinger request for Citi to disclose Argentine threats denied, NY Post says
Manhattan Federal Judge Thomas Griesa said he would take “no action” on Paul Singer’s request to compel Citibank to disclose information on any “demands, threats or inducements” made by Argentina related to bond payments due in September, reported The New York Post. Reference Link
07:21 EDTCBankruptcy bill focused on big bank failure moves past committee, WSJ says
Subscribe for More Information
September 10, 2014
09:38 EDTCActive equity options trading on open
Subscribe for More Information
08:42 EDTHUMHumana says all 2015 Medicare Advantage, PDP offerings approved
Subscribe for More Information
07:16 EDTCRepublicans, Democrats both push for harder 'too big to fail' rules, WSJ says
Lawmakers from both the Republican and Democrat sides of the aisle urged U.S. regulators to push forward additional regulations to ensure the biggest banks aren't "too big to fail," said The Wall Street Journal. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
07:13 EDTSFCC chairman remains 'skeptical' of large wireless deals, Reuters says
Subscribe for More Information
07:09 EDTCCitigroup CEO pledges to beef up Banamex, WSJ reports
Subscribe for More Information
06:35 EDTCFed may raise capital requirement for some banks to 11.5%, NY Times reports
Subscribe for More Information
September 9, 2014
19:53 EDTSSprint to benefit from iPhone 6 announcement, says Wells Fargo
Wells Fargo analyst Jennifer Fritzsche believes that Apple's (AAPL) iPhone 6 supporting up to 20 LTE bands is a "needle mover" for Sprint (S) that will "offer a significant competitive advantage longer term" as it will significantly expand Sprint's usable LTE spectrum for its iPhone customers. The firm maintains its Outperform rating on shares of Sprint.
19:49 EDTSSprint unveils 'iPhone for life plan' promotion
Subscribe for More Information
14:54 EDTCApple announces Apple Pay
Subscribe for More Information
14:51 EDTSApple announces iPhone 6, 6 Plus with Retina HD, Apple Pay
Apple announced iPhone 6 and iPhone 6 Plus, featuring two new models with 4.7-inch and 5.5-inch Retina HD displays. The new iPhones feature a unibody enclosure of anodized aluminum that conforms with the shaped glass of the display. iPhone 6 and iPhone 6 Plus include the Apple-designed A8 chip with second generation 64-bit desktop-class architecture for fast performance and power efficiency. Both models include the M8 motion coprocessor that gathers motion data from the accelerometer, gyroscope, compass and the new barometer. iPhone 6 and iPhone 6 Plus introduce Apple Pay, a new way to securely pay for physical goods and services in stores or apps. Users can pay securely in stores by holding the phone near the contactless reader while keeping a finger on Touch ID. The iSight camera gets better with a new sensor featuring Focus Pixels for faster autofocus and iPhone 6 Plus users will also benefit from optical image stabilization technology that compensates for hand shake in low light and works with iOS 8 to reduce subject motion. With faster LTE download speeds of up to 150 Mbps, iPhone 6 and iPhone 6 Plus users can browse, download and stream content faster. The new iPhones also support voice calls over LTE, or VoLTE, as well as Wi-Fi calling. iPhone 6 comes in gold, silver or space gray, and will be available in the U.S. for a suggested retail price of $199 for the 16GB model, $299 for the 64GB model and 128GB model for $399 with a two-year contract. iPhone 6 Plus comes in gold, silver or space gray, and will be available in the US for a suggested retail price of $299 for the 16GB model, $399 for the 64GB model and $499 for the new 128GB model with a two-year contract. Both models will be available from the Apple Online Store, Apple’s retail stores, and through AT&T (T), Sprint (S), T-Mobile (TMUS), Verizon Wireless (VZ), additional carriers and select Apple Authorized Resellers. iPhone 6 and iPhone 6 Plus will be available in the US, Australia, Canada, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the UK beginning on Friday, September 19, and customers can pre-order both models beginning on Friday, September 12.
12:52 EDTDCTHLinkedto raises unsolicited bid for Delcath Systems to $3.00 per share
Subscribe for More Information
09:36 EDTCActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL KNDI NFLX YHOO TWTR TSLA C BAC FB MCD
07:29 EDTSUBM Canon to hold a summit
Subscribe for More Information
07:11 EDTSUBM Tech to hold a conference
Subscribe for More Information
06:33 EDTCFed looks set to pressure large banks to shrink, NY Times says
Subscribe for More Information
06:32 EDTCCitigroup CFO says Q3 expenses up 'slightly' vs Q2, Reuters says
Subscribe for More Information
06:32 EDTCFed to require large US banks to have extra financial padding, WSJ reports
Subscribe for More Information
05:16 EDTSSprint announces improved phone-trade in program, price match guarantee
Subscribe for More Information
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