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Stock Market & Financial Investment News

News Breaks
February 14, 2013
16:27 EDTZ, PEP, AAMRQ, STZ, HSP, CSCO, BRK.A, LCC, CTL, GM, HNZ, BUDOn The Fly: Closing Wrap
Stocks on Wall Street were mixed after weekly U.S. jobless claims, global economic data, and a number of M&A announcements sent the market mixed signals. The averages spent much of the session drifting in a narrow range, with the Dow the only major average unable to cross back into positive ground at the close... ECONOMIC EVENTS: In the U.S., weekly jobless claims fell 27K from the prior week to 341K, versus expectations for 360K claims. In Europe, the euro zone's 0.6% contraction in gross domestic product in the fourth quarter was the steepest for the bloc since early 2009. In Asia, Japanís real gross domestic product contracted for the third straight quarter, shrinking 0.1% in the final three months of last year... COMPANY NEWS: M&A dominated the day's headlines. Anhesuer-Busch InBev (BUD) and Constellation Brands (STZ) announced that the terms of their deal had been revised, granting Constellation perpetual rights to distribute Corona and other Modelo brands in the U.S. Shares of Constellation gained $11.87, or 37.23%, to $43.75 after the news. AB InBev shares also gained $4.50, or 5.1%, to $92.76 as Constellation CEO Rob Sands said on a conference call he believes this revised agreement should satisfy competitive concerns raised by the lawsuit brought by Department of Justice... The long-anticipated merger between bankrupt American Airlines parent AMR Corp. (AAMRQ) and US Airways (LCC) was finalized, creating the world's largest airline. AMR's creditors will own a 72% stake in the new airline, while US Airways will hold the other 28%. Shares of US Airways, which have run-up in anticipation of this deal, fell 67c, or 4.57%, to $13.99 following the news... Warren Buffet's Berkshire Hathaway (BRK.A), along with partner 3G Capital, agreed to buy H.J. Heinz (HNZ) for $72.50 per share, a 20% premium over Heinz's closing price on Wednesday. Heinz shares gained $12.02, or 19.87%, to $72.50, while Berkshire class A shares rose 1.01% to $149,240... MAJOR MOVERS: Among major companies reporting earnings, PepsiCo (PEP) gained 78c, or 1.09%, to $72.28, General Motors (GM) lost 92c, or 3.21%, to $27.75, and Dow member Cisco (CSCO) lost 14c, or 0.66%, to $21.00. Another notable gainers was Zillow (Z), which rose $3.33, or 8.55%, to $42.30 after the company's Q4 report beat estimates, the company announced a search agreement with Google (GOOG), and Citigroup raised its price target on shares to $50 from $35. A noteworthy loser was CenturyLink (CTL), which fell $9.42, or 22.6%, to $32.27 after the company announced Q4 results, cut its dividend, and the stock was downgraded by at least six analyst firms. Also lower were shares of Hospira (HSP), down $2.60, or 7.96%, to $30.05 after the company withdrew its 2013 guidance after the FDA expanded the Symbiq import alert originally issued in November of last year... INDICES: The Dow was down 9.52, or 0.07%, to 13,973.39; the Nasdaq was up 1.78, or 0.06%, to 3,198.66; and the S&P 500 was up 1.05, or 0.07%, to 1,521.38.
News For A;PEP;GM;CSCO;Z;CTL;HSP From The Last 14 Days
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August 27, 2015
06:55 EDTHSPHospira sees merger closing on or about September 3
Hospira (HSP) said in a regulatory filing that on August 21, Hospira and Pfizer (PFE) received clearance from the U.S. FTC, relating to the pending merger of Hospira with Perkins Holding Company, a wholly-owned subsidiary of Pfizer. All required regulatory approvals have now been secured, though the merger remains conditioned upon the expiration of a post-clearance waiting period in one foreign jurisdiction. Hospira expects the merger to close on or about September 3.
August 26, 2015
16:26 EDTGMMajor automakers sued over allegedly 'deadly' keyless technology, Reuters says
A number of automakers have been named in a lawsuit alleging that keyless ignition technology can lead to "deadly" results due to carbon monoxide poisoning from cars left running under the belief that engines will automatically switch off, reports Reuters. Defendants include General Motors (GM), Ford (F), Fiat Chrysler (FCAU), Honda (HMC), Hyundai (HYMLF), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY), BMW (BAMXY), and Daimler's (DDAIF) Mercedes Benz, said Reuters. According to the plaintiffs, the carmakers had "actual knowledge" of the so-called risks and could have prevented 13 deaths and numerous injuries. Reference Link
13:42 EDTGMTrueCar says 'on plan' to hit 17.2M U.S. vehicle forecast for 2015
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13:19 EDTGMTrueCar says daily auto sales pace up 0.9% for August, with 17.4M SAAR
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11:01 EDTAAgilent partners with Weill Cornell Medical College for ALS research
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August 25, 2015
09:35 EDTCSCOActive equity options trading on open
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09:26 EDTHSPHospira, Cerner expand IV-EMR integration agreement
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August 24, 2015
19:36 EDTGMGeneral Motors ends two-week strike in Brazil, Reuters says
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17:50 EDTGMGeneral Motors denies 3944 of 4343 ignition switch claims
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12:57 EDTHSPFTC requires Pfizer to sell rights to four products as condition of buying Hospira
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09:45 EDTGMOn The Fly: Analyst Initiation Summary
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09:18 EDTGMOn The Fly: Pre-market Movers
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08:04 EDTGMGeneral Motors coverage resumed with an Underweight at Morgan Stanley
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08:01 EDTHSPPfizer receives clearance from FTC for Hospira acquisition
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06:14 EDTGMGM recalling 59,474 2010 Chevrolet Cobalt vehicles
GM is recalling 59,474 2010 Chevrolet Cobalt vehicles manufactured January 4, 2010, to June 23, 2010. The affected vehicles may be equipped with an improperly routed Side-Impact Sensor wiring harness in the driver side front door. The misrouted wiring harness could cause an electrical short that disables the driver side curtain air bag. A disabled driver side roof-rail air bag will not deploy in the event of a crash necessitating deployment of that air bag, increasing the risk of injury to the driver.
August 23, 2015
18:23 EDTGMGM, Volkswagen slow production at Chinese factories, WSJ says
Auto manufacturers including General Motors (GM) and Volkswagen (VLKAY) appear to be running their Chinese factories at less than maximum capacity for the first time, reports the Wall Street Journal, citing industry data. The numbers suggest that a "bumpier ride" may be in store for multinationals that counted on Chinese demand, said the report. "The situation seems worse than that of 2008," remarked an engineer working at GM's Shanghai plant. Reference Link
August 21, 2015
12:13 EDTCSCOBrocade soars after Q3 results top estimates
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06:46 EDTGMGM recalling 5,493 2014-2015 Chevrolet Impala vehicles
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August 20, 2015
05:26 EDTHSPHospira announces approval of Inflectra in Australia
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August 19, 2015
13:35 EDTGMGM investing C$12M for added Chevrolet Equinox production at Oshawa Assembly
GM Canada president and managing director Steve Carlisle announced that GM will invest C$12M to increase Chevrolet Equinox production on the Consolidated production line at Oshawa Assembly and for related changes in the body shop at CAMI Assembly. This further investment in Ontario-based production and supplier tools will help to meet strong North American customer demand for the Chevrolet Equinox. The investment extends plans for ongoing Oshawa Assembly Consolidated Line production to 2017. GM has invested approximately C$800M in its Oshawa and St. Catharines operations over the past 3 years and recently announced a further $800M investment in its CAMI operation in Ingersoll, Ontario.
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