New User:

-or-
Username:
Password:
Forgot your password?

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, Japan’s 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
December 8, 2014
17:54 EDTHSPFour Cubist Cubicin patents invalidated as Hospira wins ruling, Bloomberg says
Subscribe for More Information
17:30 EDTHSPMerck shares lower after reports of judge decision in Cubist/Hospira case
Subscribe for More Information
17:03 EDTHSPJudge may have found in favor of Hospira in Cubist case,CNBC's Meg Tirrell says
CNBC's Meg Tirrell said in a tweet: "Whoa. $CBST Hospira decision out -- "appears judge may have found in favor of Hospira on several points," ISI's @MarkSchoenebaum says." Reference Link
12:40 EDTCSCOUS Supreme Court to hear appeal in patent fight with Cisco
The U.S. Supreme Court has agreed to hear an appeal of a controversial appeals court decision that set aside a $63.8M patent infringement verdict won by The Woodlands, Texas-based Commil USA LLC against Cisco
11:10 EDTGMVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).
09:03 EDTCTLCenturyLink awarded task order from Department of Homeland Security
Subscribe for More Information
08:40 EDTCSCODeutsche Bank and Cisco to host a conference call
Subscribe for More Information
08:21 EDTHSPMerck says looked at all risks, including patent litgation, before Cubist deal
Subscribe for More Information
08:02 EDTCSCOAruba says NHS replaces Cisco network with Aruba wireless infrastructure
Subscribe for More Information
07:49 EDTCSCOArista Networks lawsuit not as threatening as believed, says SunTrust
Subscribe for More Information
07:32 EDTCSCORaymond James to hold a conference
Subscribe for More Information
07:03 EDTCSCOArista Networks patent resolution likely 2-3 years away, says Citigroup
Subscribe for More Information
December 5, 2014
14:06 EDTGMGeneral Motors ticks key resistance at the $34 area
The $34 level played a role as major support through the year until the breakdown in share price in September. Today the stock is ticking that level once again. Powering through this level would be bullish, while a failure at $34 would be bearish. Resistance is at $35.14. Support is at $33.24.
10:49 EDTCSCOCisco confirms two patent suits filed against Arista Networks
Subscribe for More Information
10:45 EDTCSCOCisco files patent infringement complaints against Arista Networks
Subscribe for More Information
10:44 EDTAOptions with increasing implied volatility
Subscribe for More Information
10:33 EDTGMGeneral Motors recalls 2015 Chevrolet Colorado, GMC Canyon pickups, WSJ reports
Subscribe for More Information
10:00 EDTPEPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acorda Therapeutics (ACOR) initiated with a Neutral at Goldman... Builders FirstSource (BLDR) initiated with a Neutral at Sterne Agee... CSI Compressco (CCLP) initiated with a Buy at Stifel... California Resources Corp. (CRC) initiated with a Market Perform at Raymond James... Castlight Health (CSLT) initiated with an Equal Weight at First Analysis... DCP Midstream (DPM) initiated with a Buy at MLV & Co.... DSP Group (DSPG) initiated with an Outperform at Imperial Capital... Edwards Lifesciences (EW) initiated with an Outperform at Bernstein... EnLink Midstream (ENLK) initiated with a Buy at MLV & Co.... Facebook (FB) initiated with a Buy at MKM Partners... FireEye (FEYE) initiated with a Market Perform at JMP Securities... FleetCor (FLT) initiated with a Buy at Deutsche Bank... Imperva (IMPV) initiated with a Buy at Nomura... Keryx (KERX) initiated with an Outperform at Cowen... Knowles (KN) initiated with a Market Perform at FBR Capital... Marlin Midstream (FISH) initiated with a Buy at MLV & Co.... Paragon Offshore (PGN) initiated with a Sector Perform at Iberia... PepsiCo (PEP) initiated with a Buy at Evercore ISI... Proofpoint (PFPT) initiated with a Buy at Nomura... Relypsa (RLYP) initiated with an Outperform at Oppenheimer... Rocket Fuel (FUEL) initiated with a Sell at Maxim... Sprouts Farmers Markets (SFM) initiated with an Underperform at Longbow... Summit Midstream (SMLP) initiated with a Buy at MLV & Co.... TubeMogul (TUBE) initiated with a Buy at Maxim... Western Gas Partners (WES) initiated with a Buy at MLV & Co.
06:41 EDTPEPPepsiCo initiated with a Buy at Evercore ISI
Target $115.
06:27 EDTGMGM looking to sell 500K Cadillacs annually by 2020, Reuters reports
GM plans to increase global annual sales of its Cadillac brand to over 500,000 cars by 2020, Reuters quoted Cadillac President Johan de Nysschen as saying. Reference Link
1 | 2 | 3 | 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