New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 16, 2013
12:19 EDTPPP, TMUS, LSI, AER, S, AVGO, BRD, AIG, XOM, TWTROn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday amid a number of merger announcements, a flurry of domestic economic data, and encouraging manufacturing reports from Europe, particularly in Germany. ECONOMIC EVENTS: In the U.S., the Empire State manufacturing index rebounded to 1.0 in December, after falling to -2.2 in November, though analysts had expected the index to come in at 5.0. Third quarter nonfarm productivity growth was revised up to 3.0% from the 1.9% preliminary reading. Unit labor costs declined 1.4% in the quarter, compared to a previous estimate of them being down 0.6%. Markit's preliminary purchasing managers' index for December dipped to 54.4 from November's 54.7 reading. Industrial production rose 1.1% in November from October, beating expectations for a 0.6% monthly increase. November's capacity utilization rate of 79.0% was ahead of the consensus 78.4% forecast. In Europe, a euro zone PMI came in at 52.1 for December, beating the consensus estimate of 51.9 and hitting its second highest level since mid-2011. The zone's external trade surplus almost doubled year-over-year in October, to EUR17.2B, with exports rising 1% in the month and imports shrinking 3%. In Asia, HSBC's purchasing managers' index for China came in at 50.5, which indicates expansion but also represents a three month low. COMPANY NEWS: Avago Technologies (AVGO) announced it will acquire LSI Corporation (LSI) for $11.15 per share in an all-cash transaction valued at $6.6B. LSI shares surged nearly 40% on the deal, while Avago, which said the transaction is expected to be significantly and immediately accretive to its non-GAAP free cash flow and earnings per share, advanced 8%... Shares of Exxon Mobil (XOM) rose about 3% after Goldman upgraded the stock to Buy from Neutral and raised its price target on the oil major to $109 from $96. MAJOR MOVERS: Among the notable gainers was AerCap (AER), which advanced nearly 33% after announcing a deal to buy International Lease Finance Corporation, or ILFC, from American International Group (AIG) for $3B of cash and about 97.6M newly issued AerCap common shares. AIG rose a bit over 1% after selling the jet-leasing unit, which it considers a non-core asset. Also higher were shares of Sprint (S), which rose 0.6% after The Wall Street Journal said late on Friday that the company is preparing a possible bid for its mobile carrier peer T-Mobile US (TMUS). Shares of T-Mobile, however, were down 4% following the report. Among the other noteworthy losers was Primero Mining (PPP), which fell 6% after agreeing to acquire all the outstanding common shares of Brigus Gold (BRD) in a stock and spin-off transaction. Also lower was Twitter (TWTR), which slid almost 3% after research firms Wells Fargo and SunTrust downgraded the shares of the microblog operator. INDEXES: Near noon, the Dow was up 126.70, or 0.8%, to 15,882.06; the Nasdaq was up 26.20, or 0.65%, to 4,027.17; and the S&P 500 was up 11.07, or 0.62%, to 1,786.39.
Check below for free stories on TWTR;AVGO;LSI;XOM;S;TMUS;AIG;AER;PPP;BRD the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
April 15, 2014
13:18 EDTTWTRDaniel Graf to join Twitter's product team
Daniel Graf, who led efforts on Google Maps (GOOG), is joining Twitter's (TWTR) product team, Graf announced in a tweet. Reference Link
09:13 EDTTWTRTwitter agrees to acquire social data provider Gnip
Subscribe for More Information
April 14, 2014
17:10 EDTTWTRTwitter's lockup expiration encompasses fully 83% shares outstanding, WSJ says
The lockup on 489M Twitter shares expires on May 5, says the Wall Street Journal. Despite the recent statement that co-founders Jack Dorsey and Evan Williams, along with CEO Richard Costolo, have no "current plans" to sell shares, the lockup expiration encompasses fully 83% of Twitter's basic shares outstanding or two-thirds of the diluted count, added the Wall Street Journal. Reference Link
16:24 EDTTWTROn The Fly: Closing Wrap
Subscribe for More Information
12:26 EDTTWTROn The Fly: Midday Wrap
Subscribe for More Information
10:23 EDTLSIHigh option volume stocks: CCL WCG LSI INTU IACI
Subscribe for More Information
09:23 EDTTWTRTwitter co-founders, CEO have no plans to sell shares around May 5 lockup
Subscribe for More Information
09:18 EDTTWTRTwitter co-founders, CEO state they have no plans to sell any shares
09:10 EDTTMUS, ST-Mobile CEO starts petition for consumers to call on peers to end overages
Subscribe for More Information
09:05 EDTS, TMUST-Mobile abolishes consumer overages, challenges other providers to follow suit
T-Mobile (TMUS) announced a campaign to eliminate overage penalties, one of the most reviled wireless industry practices. While abolishing overages for all customers on T-Mobile consumer plans, its CEO has also laid down a challenge to the nation's largest carriers, AT&T (T), Verizon (VZ) and Sprint (S), to do the same.
07:36 EDTTWTRTwitter exec goes to Turkey to ease tensions, Bloomberg says
Twitter's vice president of global public policy is meeting with the head of Turkey's information and Communications Technologies Authority, Tayfun Acarer, in Ankara in an effort to ease tensions in Turkey amid accusations from Prime Minister Recep Tayyip Erdoganís administration that the U.S. company evades taxes and refuses to follow Turkish law, according to Bloomberg, citing a spokesman for Acarer. Reference Link
06:40 EDTTMUS, SNo lines for Samsung's Galaxy S5 but carriers say demand healthy, Re/code says
Subscribe for More Information
April 13, 2014
16:57 EDTSSprint and Spotify plan to team up, Re/code says
Subscribe for More Information
April 11, 2014
12:44 EDTTWTRHedge funds initiating shorts on Priceline, Amazon, Twitter, CNBC says
Subscribe for More Information
10:10 EDTTWTRTwitter bounces, drops, heads for retest of session lows
Subscribe for More Information
09:37 EDTTWTRActive equity options trading on open
Subscribe for More Information
08:22 EDTAERAerCap completes 29 aircraft transactions in Q1
Subscribe for More Information
April 10, 2014
10:00 EDTTWTROn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:18 EDTAVGOMicron licenses SerDes IP from Avago for Hybrid Memory Cube
Subscribe for More Information
06:33 EDTTWTRTwitter upgraded to Hold from Sell at Cantor
Cantor Fitzgerald upgraded its rating on Twitter (TWTR) shares to Hold from Sell citing the recent pullback in the stock as well as the upcoming launch of new ad formats which it believes should drive monetization. Cantor maintains a $45 price target for the stock and says it continues to prefer Facebook (FB). Shares of Twitter closed yesterday up 71c to $42.49.
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 disclaimer & terms of use