New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 14, 2012
16:34 EDTTEA, SBUX, MWW, APO, ANF, FB, IAG, SNEOn 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.
News For TEA;SBUX;MWW;APO;ANF;FB;IAG;SNE 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 | >>
October 16, 2014
07:48 EDTSNESony must decide quickly what to do with smartphone strategy, Nikkei says
Sony's (SNE) "One Sony" strategy is built around providing contents to consumers and smartphones are one of three pillars it sees for growth, but the strategy is "on the brink of collapse" as the company falls behind Apple (AAPL) and Chinese rivals, according to the Nikkei Asian Review. Sony officials are debating whether smartphone operations in Asia should be downsized and whether cutting 1,000 jobs, or 15% of its mobile communications workforce, would be warranted, according to the report. Reference Link
October 15, 2014
16:06 EDTMWWMonster Worldwide files to sell $125M of convertible senior notes due 2019
12:58 EDTSNESony has 40% upside potential, Barron's reports
Subscribe for More Information
12:02 EDTFBStocks with call strike movement; FB WMB
Facebook (FB) March 80 call option implied volatility increased 4% to 80, Williams (WMB) February 57.5 call option implied volatility increased 5% to 41 according to IVolatility.
07:55 EDTSBUXStarbucks checks refute bear case, says Bernstein
Subscribe for More Information
07:20 EDTFBFacebook likely to beat Q3 expectations, says Oppenheimer
Subscribe for More Information
07:11 EDTFBFacebook should be bought into Q3 results, says Deutsche Bank
Subscribe for More Information
06:43 EDTFBFacebook, Samsung could collaborate to develop mobile content, Korea Times says
Subscribe for More Information
October 13, 2014
13:10 EDTFBGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
09:39 EDTFBActive equity options trading on open
Subscribe for More Information
07:22 EDTSNESony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
05:32 EDTAPOApollo Credit launches retail sector investment JV
Funds managed by affiliates of Apollo Global Management announce the launch of Alteri Investors, a new joint venture focused on financing opportunities arising across performing, stressed and distressed retail sector situations in Europe. Structured as a partnership between funds managed under Apollo’s credit business and a team led by former GA Europe CEO Gavin George, Alteri will initially focus on the United Kingdom and Germany and expects to invest in retailers through both debt and equity transactions, typically in the GBP 10M-GPB 50M range, with additional capacity for larger transactions. Alteri will also seek to lend to retailers directly, providing flexible asset-based financing, either in a senior or second-lien capacity. In addition to the scale, resources and capital funding that Apollo Credit expects to contribute to Alteri, the Joint Venture will draw upon the experience of Alteri Advisors, which comprises a team of highly experienced professionals, drawn in part from the former GA Europe business under the leadership of Gavin George.
05:15 EDTFBFacebook, Ericsson, XL Axiata innovate to improve Indonesia network performance
Subscribe for More Information
October 10, 2014
16:02 EDTFBActionable Options for Friday, October, 10
Subscribe for More Information
10:07 EDTFBFacebook, peer-to-peer lending groups in discussions, The Information says
Subscribe for More Information
09:32 EDTMWWMonster Worldwide downgraded to Hold from Buy at Evercore
Subscribe for More Information
08:05 EDTAPO21st Century Fox, Apollo Global agree to form content joint venture
Subscribe for More Information
08:03 EDTAPO21st Century Fox, Apollo Global form content joint venture
Subscribe for More Information
07:57 EDTFBFacebook, India Telecom Minister discuss expanding in India, Economic Times says
Facebook CEO Mark Zuckerberg and India's Telecom Minister Ravi Shankar Prasad met to discuss expanding the reach of internet by using alternate technology, reports The Economic Times. According to sources, Facebook requested Prasad establish single point contact in his ministry for the alternative technology to which the minister immediately agreed. Reference Link
07:04 EDTSNEAmazon in talks to join digital locker for movies. WSJ reports
Subscribe for More Information
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