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Stock Market & Financial Investment News

News Breaks
February 14, 2013
16:27 EDTCSCO, BRK.A, LCC, CTL, GM, HNZ, BUD, Z, PEP, AAMRQ, STZ, HSPOn 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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November 18, 2014
07:59 EDTAAgilent downgraded to Market Perform at Cowen
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07:00 EDTAAgilent downgraded to Market Perform from Outperform at Cowen
November 17, 2014
16:09 EDTAAgilent plans to return $500M in capital to shareholders in FY15
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16:07 EDTAAgilent sees FY15 EPS $1.68-$1.78, consensus $1.74
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16:06 EDTAAgilent sees Q1 EPS 39c-43c, consensus 42c
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16:06 EDTAAgilent reports Q4 EPS 88c, consensus 89c
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15:16 EDTANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Agilent Technologies (A), consensus 89c; Jacobs Engineering (JEC), consensus 86c; Urban Outfitters (URBN), consensus 41c; Omega Protein (OME), consensus 30c.
14:13 EDTZZillow's Agentfolio to shut down
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07:21 EDTHSPDanone mulls IPO for nutrition unit as sale talks disappoint, Reuters says
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06:07 EDTGMDeadline extended for GM compensation claims, AP reports
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November 14, 2014
17:13 EDTGMAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
16:39 EDTGMBerkshire Hathaway gives quarterly update on stakes
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07:32 EDTGMHayman Capital gives quarterly update on stakes
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07:14 EDTHSPAmerican College of Rheumatology is holding a meeting
2014 ACR/ARHP Annual Meeting is being held in Boston on November 14-19.
November 13, 2014
17:00 EDTPEPTrian Fund Management gives quarterly update on stakes
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08:08 EDTCSCOCisco, Toshiba announce collaboration for Internet of Things
Toshiba (TOSBF) and Cisco (CSCO) announced that they are collaborating on new ways to utilize the Internet of Everything that can dramatically improve processes, productivity and experiences in manufacturing, transportation and city environments. Representatives from Toshiba and Cisco signed a Memorandum of Understanding, or MoU, this week with the intention to advance the progress of a new Smart Community. This global collaboration brings together the Cisco Fog Computing network environment featuring Cisco's network-wide security solution with the Toshiba Group's endpoint management technology. The joint effort will help monitor and maintain multiple devices, stream computing technology for high-speed information processing collected from devices, and provide storage technology to accumulate information generated with M2M technology.
07:43 EDTCSCOCisco reported healthy Q1 results, says Wells Fargo
Wells Fargo says that Cisco's Q1 margins outperformed expectations, and the firm expects the company's revenue growth to accelerate in Q2. Wells thinks emerging market and carrier spending risk are already priced into the stock, while the company has a number of positive catalysts. It keeps an Outperform rating on the shares.
07:38 EDTZBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
06:57 EDTCSCOCisco results excellent, says Cantor
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06:24 EDTGMHeidrick & Struggles picked by GM to find new general counsel, WSJ reports
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