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News Breaks | | | | November 7, 2012 | | 12:16 EDT |  | VHC, ANR, THC, STEC, AMRS, BTU, CYH, JNPR, AAPL, ACI, HCA, PLXS | On The Fly: Midday Wrap
Stocks on Wall Street were down over 2.25% at midday following the re-election of Barack Obama as President. Stocks began the day sharply lower and saw hardly a hint of buying during the session's early hours. The market selling picked up speed after the first hour of trading and the averages sat near their lows of the day at lunch hour. While investors repositioned after the U.S. election, news from Europe did nothing to help matters. ECB President Mario Draghi said he was anticipating weakness in the European economy for the foreseeable future and that Germany was now being impacted... ECONOMIC EVENTS: In the U.S., President Obama was re-elected and Congress remains split, with Republicans keeping control of the House of Representatives and Democrats maintaining their grip on the Senate. While no excuses remain for not addressing the fiscal cliff, the climate of partisanship may make it difficult to strike a compromise before January 1, if at all. In Europe, the European Commission lowered its 2013 growth forecast for region's economy to 0.1% from a prior call for 1% growth. Also, German industrial production fell 1.8% in September from the prior month, which was worse than forecast. Draghi summed up both data points in a speech, putting a fine point on the European troubles that magnified the dour tone of the U.S. market... COMPANY NEWS: Hospital stocks were among the few gainers following Obama's win, with Tenet Healthcare (THC) up about 7.7%, HCA Holdings (HCA) up 7.7% and Community Health Systems (CYH) up 6.4%. Conversely, coal stocks, which had been strong since Romney's pro-coal statements during the debates, fell sharply, with Alpha Natural Resources (ANR) down 10.6%, Arch Coal (ACI) down 12.7% and Peabody Energy (BTU) down 8.6%... MAJOR MOVERS: Among the notable gainers were VirnetX (VHC), up almost 18% after a jury awarded the company over $368M in a patent verdict against Apple (AAPL), and Amyris (AMRS), up 20% after its quarterly revenues were better than expected and its losses were not as bad as forecast. Among the noteworthy losers was Plexus (PLXS), which fell 28% after Juniper (JNPR) dropped the company as a supplier. Also lower were shares of STEC (STEC), which was downgraded at Craig-Hallum and Lazard Capital and slid over 23% after its disappointing guidance for its upcoming quarter... INDICES: Near noon, the Dow was down 306.25, or 2.31%, to 12,939.43; the Nasdaq was down 72.10, or 2.39%, to 2,939.83; and the S&P 500 was down 33.22, or 2.33%, to 1,395.17. | |
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News For THC;HCA;CYH;ANR;ACI;BTU;VHC;AAPL;AMRS;PLXS;JNPR;STEC From The Last 14 Days Check below for free stories on THC;HCA;CYH;ANR;ACI;BTU;VHC;AAPL;AMRS;PLXS;JNPR;STEC the last two weeks. |
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| May 22, 2013 | | 12:07 EDT |  | AAPL | Consumer Reports says Galaxy S 4 is top smartphone, iPhone 5 fifth, CNN says
 Subscribe for More Information | | | 09:42 EDT |  | AAPL | Apple rises in early trading, levels to watch
Subscribe for More Information | | | 09:39 EDT |  | AAPL | Active equity option families trading
Subscribe for More Information | | | 07:24 EDT |  | JNPR | NetEvents International to host a summit
Subscribe for More Information | | | 07:10 EDT | | AAPL | Apple bonds lose $280.6M as rates increase, Bloomberg reports
Apple’s bonds have lost $280.6M of market value since buyers bought $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, reports Bloomberg.Reference Link | | | 07:09 EDT | | AAPL | Apple used unusual tax loophole in Ireland to shelter billions, Reuters reports
Subscribe for More Information | | | 06:02 EDT | | AAPL | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Since the financial crisis, bonds backed by a single loan have been less common than securities made up of a group of unrelated loans. But the market for loans on commercial properties has changed in recent months and is booming again--$12.1B so far this year--the Wall Street Journal reports...Big phone companies (SAP, T, TEF, VZ, VOD, CCO) have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns, the Wall Street Journal reports...REUTERS: Apple's (AAPL) ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple channeled profits into Irish-incorporated subsidiaries that had no declared tax residency anywhere in the world, Reuters reports...The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from the Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, Reuters reports...BLOOMBERG: Samsung (SSNLF) and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs nearly $10,000 a set. The misstep has created an opening for Sony (SNE), Sharp (SHCAY) and Chinese maker Skyworth Digital, Bloomberg reports...Apple’s (AAPL) bonds have lost $280.6M of market value since buyers snapped up $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, Bloomberg reports. | | | May 21, 2013 | | 16:04 EDT | | AAPL | Options Update; May 21, 2013
Subscribe for More Information | | | 09:42 EDT | | AAPL | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C | | | 09:34 EDT | | AAPL | Apple trades lower, levels to watch
The shares are down less than 1% in the early going, last at $439.04. At that price, next support is at $437.85, a prior pivot high and then at $433.26. Resistance is at $444.46. | | | | 08:12 EDT | | AAPL | Senate Homeland Security and Governmental Affairs Committee to hold a hearing
The Permanent Subcommittee on Investigations holds a hearing entitled, "Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)" with CEO Cook, SVP & CFO Oppenheimer and Head of Tax Operations Bullock of Apple (AAPL) on May 21 at 9:30 am. Webcast Link | | | 07:50 EDT | | AAPL | Ireland rejects allegations that it's a tax haven, FT reports
Ireland rejected allegations contained in a U.S. Senate committee report that it is a tax haven which has helped Apple avoid paying billions of dollars in taxes worldwide, reports the Financial Times. Deputy Prime Minister Eamon Gilmore said Ireland was “a highly tax compliant country” and loopholes in other countries were to blame for multinational companies’ use of complex tax avoidance strategies. Reference Link | | | 07:05 EDT | | AAPL | Senate report says Apple avoided paying taxes on $44B of income, Politico says
Subscribe for More Information | | | May 20, 2013 | | 17:12 EDT |  | AAPL | Apple has avoided paying taxes on operations for five years, U.S. Senate says
Subscribe for More Information | | | 17:11 EDT | | AAPL | Apple Operations International has no physical presence, says Senator Levin
Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added. | | | 16:02 EDT | | AAPL | Options Update; May 20, 2013
Subscribe for More Information | | | 15:19 EDT | | AAPL | Apple sees paying over $7B in taxes to U.S. in current fiscal year
Apple released testimony the company plans to give before the permanent subcommittee on investigations of the U.S. Senate tomorrow. In part, the company plans to state it expects to pay over $7B in taxes to the U.S. Treasury in its current fiscal year. Apple also contends it is "likely the largest corporate income tax payer in the US, having paid nearly $6B in taxes" to the U.S. in FY12. Reference Link | | | 12:04 EDT | | AAPL | Apple rumored to be testing OLED for iWatch, AppleInsider says
Subscribe for More Information | | | 09:40 EDT | | AAPL | Active equity option families trading
Subscribe for More Information | | | 07:58 EDT | | BTU | BofA/Merrill's metals and mining analysts hold analyst/industry conference call
Metals & Mining Analysts discuss the recently held 30th Annual BofAML Global Metals, Mining & Steel Conference on an Analyst/Industry conference call. Relevant companies BHP, RIO, VALE, BNX, CLF, NUE, AA and BTU may be included on the Analyst/Industry conference call to be held on May 20 at 9 am. | | |
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