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News Breaks | | | | November 14, 2012 | | 16:34 EDT |  | IAG, APO, TEA, FB, MWW, SNE, ANF, SBUX | On The Fly: Closing Wrap
Stocks on Wall Street were lower after a brief pop at the open quickly reversed into a day long sell-off that saw the averages close at their lows. With concerns about the fiscal cliff lingering, President Obama's news conference during the afternoon did little to help the market. Oil prices spiked as Israel launched a Gaza offensive and killed a Hamas commander, though stocks did not follow the commodity's path higher... ECONOMIC EVENTS: In the U.S., retail sales fell 0.3% in October, versus expectations for a decline of 0.2%. Producer prices fell 0.2% in the month, versus forecasts for them to have increased 0.2%. Excluding food and energy, the core reading fell 0.2%, versus the expected increase of 0.4%. Business inventories rose 0.7% in September, versus expectations for an increase of 0.6%. Minutes from the October meeting of the Federal Reserve showed many Fed members see the adoption of quantitative thresholds as helping, though the committee said a number of practical issues would need to be overcome before the thresholds could be instituted... COMPANY NEWS: Starbucks (SBUX) announced it was purchasing Teavana (TEA) for $620M, or $15.50 per share, in an all-cash transaction. Shares of Teavana, which were halted ahead of the announcement after the Atlanta Business Chronicle broke the news, advanced $5.32, or 52.52%, to $15.45. Shares of Starbucks settled down $1.47, or 2.92%, at $48.84... Bloomberg reported that Monster Worldwide (MWW) still has no bidders as TPG and Apollo Global (APO) passed on the company, and shares of Monster traded lower after the news, settling down 31c, or 4.97%, at $5.93... MAJOR MOVERS: Among the notable gainers was Abercrombie & Fitch (ANF), up $10.74, or 34.45%, to $41.92 after the company reported better than expected earnings, raised its full year EPS view, and the stock received at least five analyst upgrades. Also higher were shares of Facebook (FB), up $2.50, or 12.59%, to $22.36 in spite of the expiration of a lockup that permitted many investors and employees to sell their shares for the first time since the company's IPO. Among the noteworthy losers was IAMGOLD (IAG), down $2.89, or 19.45%, to $11.97 after the company reported quarterly results and production guidance that disappointed. Also lower were shares of Sony (SNE), down 95c, or 8.82%, to $9.82 after the company issued a large amount of bonds that may convert to stock under certain conditions... INDICES: The Dow lost 185.23, or 1.45%, to 12,570.95; the Nasdaq fell 37.08, or 1.29%, to 2,846.81; and the S&P 500 dropped 19.04, or 1.39%, to 1,355.49. | |
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News For TEA;SBUX;MWW;APO;ANF;FB;IAG;SNE From The Last 14 Days Check below for free stories on TEA;SBUX;MWW;APO;ANF;FB;IAG;SNE the last two weeks. |
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| May 21, 2013 | | 06:07 EDT |  | SNE | Sony initiated with a Buy at Jefferies
Jefferies is positive on Sony's positions in insurance and content and believes the company needs to exit most electronic markets. The firm started shares with a Buy rating. | | | May 20, 2013 | | 10:52 EDT |  | FB | Facebook near session lows, levels to watch
The stock is drifting lower today, nearing session lows at $25.73. At that price, next support is at $25.33, the 1-month low. Resistance is at $26.25. | | | 07:32 EDT |  | SNE | Society for Information Display / IHS to host a conference
 Subscribe for More Information | | | 07:10 EDT |  | APO | NY State investigates firms' investments that back fixed annuities, WSJ reports
Subscribe for More Information | | | 07:00 EDT | | FB | New Facebook projects probably won't bear fruit soon, AllThingsD says
Subscribe for More Information | | | 06:09 EDT | | APO | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The New York Department of Financial Services yesterday sent subpoenas to Apollo Global Management (APO), Guggenheim Partners and Harbinger Group (HRG) as part of an investigation seeking more information on investments that back so-called fixed annuities, sources say, the Wall Street Journal reports...As Home Depot (HD) and Lowe’s (LOW) report fiscal Q1 results this week, the reconstruction phase from last year's superstorm Sandy will be looming large as cooler-than-normal temperatures delay spring selling, the Wall Street Journal reports...REUTERS: Danone Group (DANOY) will invest $417M in two deals with China Mengniu Dairy Co., marking a comeback for the French group in China where scandals have hurt confidence in food safety, Reuters reports...The Nikkei share average surged to a new 5 1/2 year high today, boosted by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months, Reuters reports...BLOOMBERG: The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades, Bloomberg reports...As JPMorgan Chase’s (JPM) Jamie Dimon prepares for a vote Tuesday on whether he should keep his chairman and CEO titles, he may take comfort knowing that seven of the bank’s 10 largest owners are run by CEOs who are also chairmen, Bloomberg reports. | | | May 19, 2013 | | 17:10 EDT | | FB | Facebook's Waze deal being held up by move from Israel, NY Post says
Facebook’s negotiations to buy mapping firm Waze are being held up as founders of Waze, based in Israel, are holding out for more money, the NY Post says. Citing sources, the Post says that Waze founders want more money if they are going to be forced to move from Israel to Silicon Valley as part of the deal. Reference Link | | | 14:49 EDT | | SNE | Microsoft set to unveil new Xbox amid stiff competition, Reuters says
Facing stiff competition from Sony's (SNE) PlayStation 4 and the Wii U by Nintendo (NTDOY), Microsoft (MSFT) is set to unveil its new Xbox game console, says Reuters. Reference Link | | | May 17, 2013 | | 13:23 EDT | | SNE | Sony to host conference call
Subscribe for More Information | | | 06:51 EDT |  | FB | Facebook volatility at low end of historic range
Subscribe for More Information | | | | 06:36 EDT | | FB | Google to add new apps to Google Glass, NY Times says
Subscribe for More Information | | | May 16, 2013 | | 13:05 EDT | | SNE | Spending on Apple, Android video games jumped in Q1, AllThingsD says
In the first quarter spending on video games for Apple (AAPL) and Android devices increased significantly versus the previous quarter, while spending on video games for traditional handheld consoles fell meaningfully, research firms IDC and App Annie found, according to AllThingsD. Consumers spent three times more on games for smartphones and tablets than on games for traditional handheld consoles last quarter, the website stated. Reference Link | | | 08:50 EDT |  | IAG | World Gold Council says gold jewelery demand up, total gold demand down in Q1
Subscribe for More Information | | | 05:59 EDT | | FB | High tech firms involved in immigration battle, WSJ reports
Subscribe for More Information | | | 05:57 EDT | | FB | Facebook implied volatility at lower end of index mean range
Subscribe for More Information | | | May 15, 2013 | | 17:46 EDT | | FB | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . | | | 15:12 EDT | | SNE | Sony volatility up on Daniel Loeb’s attempt to split up company
Subscribe for More Information | | | 07:11 EDT | | SNE | Japan's electronic manufacturers under siege, WSJ reports
After a miserable past few years, Japan's once-powerful electronics manufacturers (SNE, SHCAY), already reeling from unprecedented losses stemming from its lost standing in the technology world, are grappling with outside investors and fed-up creditors looking to break the cozy and insular bonds that were once a hallmark of the country's corporate sector, reports the Wall Street Journal.Reference Link | | | 07:11 EDT | | APO | Some buyout firms move beyond buyouts, WSJ reports
Subscribe for More Information | | | 06:08 EDT | | SNE, APO | On the Fly: Periodicals Wrap-Up
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