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Stock Market & Financial Investment News

News Breaks
November 6, 2012
06:44 EDTINTC, TNTEY, AAPL, UPS, NKEOn The Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: EU regulators have warned that UPS's (UPS) planned acquisition of TNT Express (TNTEY) raises competition problems in almost all 27 member states, reports the Wall Street Journal...FINANCIAL TIMES: Many financial institutions will not meet the end-2012 deadline for writing living wills, and regulators are giving the largest banks extra time, the Financial Times reports...REUTERS: Nike (NKE) is close to selling its Cole Haan brand to PE firm Apax Partners for an amount that may near $500M, according to a Reuters report...BLOOMBERG: Apple (AAPL) engineers are more confident that the chip designs used for its mobile devices will one day be powerful enough to run its desktops and laptops, meaning the company could replace Intel (INTC) processors in its Mac computers with its own technology, but Apple is unlikely to switch in the next few years, according to Bloomberg.
News For UPS;TNTEY;NKE;AAPL;INTC From The Last 14 Days
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April 7, 2015
16:18 EDTTNTEYOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory, extending their gains from yesterday. The economic calendar was relatively quiet and the volume was light as investors moved to the sidelines ahead of the start of the first quarter earnings season, which kicks off tomorrow after the close with Alcoa's (AA) report. A late day slide saw the major averages give up their gains, leaving the Dow, Nasdaq and S&P 500 a bit below where they had started the day. ECONOMIC EVENTS: In the U.S., the JOLTs report showed job openings rose 168K to 5.13M in February, topping the consensus forecast for about 5M opening. Consumer credit climbed $15.5B in February, versus the expectation for consumers to have added $12.5B in new credit. In Europe, Markit's composite PMI for the eurozone came in at 54.0, which was down slightly from the flash reading of 54.1 but up from 53.3 in February and matched the prior peak seen in April of last year. Elsewhere globally, the central banks of Australia and India left their respective key interest rates unchanged, as expected. COMPANY NEWS: Shares of FedEx (FDX) advanced $4.49, or 2.69%, to $171.16 after the shipper announced a conditional deal to acquire TNT Express (TNTEY) for EUR 8.00 per share in a transaction valuing the Netherlands-based express delivery company at an implied equity value of about $4.8B. The company hopes it is more successful in its acquisition attempt than rival UPS (UPS), which had agreed a number of years ago to buy TNT for EUR 9.50 per share. UPS pulled out of its planned purchase after its proposed deal for TNT was blocked by regulators. MAJOR MOVERS: Among the notable gainers was Axalta Coating Systems (AXTA), which gained $2.78, or 9.81%, to $31.11 after an affiliate of Warren Buffett's Berkshire Hathaway (BRK.A) agreed to buy 20M of Axalta’s common shares for an aggregate purchase price of $560M, or $28.00 per share, from The Carlyle Group (CG). Also higher was Informatica (INFA), which advanced $1.96, or 4.28%, to $47.79 after agreeing to be acquired by the Permira funds and Canada Pension Plan Investment Board for approximately $5.3B, or $48.75 in cash per share. The official announcement follows recent stories from Reuters that the company was working on a deal with a private equity buyer. Among the noteworthy losers was Ocular Therapeutix (OCUL), which dropped $7.25, or 18.93%, to $31.05 after reporting that the company’s second of two Phase 3 clinical trials evaluating the safety and efficacy of its lead product candidate, OTX-DP, met only one of the study’s two primary efficacy endpoints. Also lower were shares of Woodward (WWD), which fell $3.06, or 5.95%, to $48.36 after Jefferies downgraded the stock to Hold from Buy and set a $52 price target on the shares, saying FY15 is another transition year for the company. INDEXES: The Dow slipped 5.43, or 0.03%, to 17,875.42, the Nasdaq lost 7.08, or 0.14%, to 4,910.23, and the S&P 500 declined 4.29, or 0.21%, to 2,076.33.
16:00 EDTAAPLOptions Update; April 7, 2015
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12:58 EDTUPSOn The Fly: Midday Wrap
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12:50 EDTAAPLHBO NOW available to Apple and Optimum Online customers
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11:06 EDTAAPLApple Watch reservations limited to one per customer, MacRumors reports
Apple Watch reservations will be limited to one per customer through the company's Reserve and Pickup service, reports MacRumors. Apple's one-per-customer reservation limit has been confirmed to be in place in the United States and United Kingdom, and likely other launch countries. Reference Link
09:57 EDTINTCAltera negotiations with Intel continue, says dealReporter
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09:52 EDTAAPLApple retail chief instructs staff to push Apple Store shoppers online, BI says
Apple retail chief Angela Ahrendts wants staff at Apple Stores to push customers to order the Apple Watch and the new MacBook online instead of buying in physical stores, Business Insider reports, citing a memo. The memo notes that "This is a significant change in mindset" and will help ensure guaranteed delivery of the Apple products. Reference Link
09:35 EDTAAPLActive equity options trading on open
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09:13 EDTTNTEYFedEx says does not see competing offer for TNT Express
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09:05 EDTTNTEYFedEx says thinks TNT Express a 'wonderful fit everywhere'
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08:56 EDTTNTEYFedEx says expects to have 'wonderful' FY16
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08:49 EDTTNTEYFedEx says sees TNT Express 'very accretive' to earnings after FY17
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08:40 EDTTNTEYTNT Express to hold a conference call
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08:29 EDTTNTEYFedEx to hold a conference call
Conference call to discuss agreement on an all-cash public offer for TNT Express shares will be held on April 7 at 8:30 am. Webcast Link
07:18 EDTTNTEYFedEx acquisition of TNT Express a good strategic fit, says UBS
UBS said FedEx's (FDX) proposed acquisition of TNT Express (TNTEY) is a good strategic fit, as it increases FedEx's presence in Europe, adds scale where there are complementary services, and provides for operations synergy potential. UBS reiterated its Buy rating and $195 price target on FedEx shares.
06:46 EDTAAPLApple Pay, Google Wallet could see competition from CurrentC, Macworld says
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06:25 EDTTNTEY, UPSTNT Express expects EU to approve FedEx deal, Reuters reports
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06:25 EDTAAPLMicrosoft close to have alternative to Apple Pay, Business Insider reports
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06:19 EDTAAPLApple quietly acquired Ottocat 'some time ago,' TechCrunch reports
Apple quietly bought Ottocat, a startup that has developed a system to organize apps on its app store based on "nested" categories, TechCrunch reports. Terms of the acquisition, which is said to have closed "some time ago," have not been disclosed. A version of Ottocat's system currently powers the "explore" tab in Apple's App Store, TechCrunch says. Reference Link
05:16 EDTTNTEYFedEx to acquire TNT Express for EUR 8.00 per share
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