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News Breaks | | | | January 29, 2013 | | 09:03 EDT |  | PFE, DHI, WDC, STX, NTGR, AAPL, F, EMC, SWIR, YHOO, LXK, VMW, VLO, GLW, TUP | On The Fly: Pre-market Movers
UP AFTER EARNINGS/GUIDANCE: Valero Energy (VLO), up 7.8%... Tupperware (TUP), up 5.2%... Corning (GLW), up 3.7%... D.R. Horton (DHI), up 4%... Yahoo! (YHOO), up 2.8%... Pfizer (PFE), up 0.6%... ALSO HIGHER: Sierra Wireless (SWIR), up 7.8% after deal to sell AirCard business to NETGEAR (NTGR)... Apple (AAPL), up 1% after announcing iPad with 128GB storage... DOWN AFTER EARNINGS: VMWare (VMW), down 18.4%... EMC (EMC), down 5.4%... Seagate (STX), down 5.4%... Lexmark (LXK), down 6.3%... Ford (F), down 1.7%. | |
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News For VLO;TUP;GLW;DHI;YHOO;AAPL;PFE;SWIR;NTGR;VMW;EMC;STX;LXK;F;WDC From The Last 14 Days Check below for free stories on VLO;TUP;GLW;DHI;YHOO;AAPL;PFE;SWIR;NTGR;VMW;EMC;STX;LXK;F;WDC the last two weeks. |
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| May 21, 2013 | | 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 | | | 08:03 EDT |  | YHOO | Yahoo price target raised to $30 from $27 at Oppenheimer
 Subscribe for More Information | | | 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 | | | 07:41 EDT | | DHI | JPMorgan to host a conference
Subscribe for More Information | | | 07:16 EDT | | PFE | Pfizer management to meet with Leerink
Subscribe for More Information | | | 07:05 EDT | | AAPL | Senate report says Apple avoided paying taxes on $44B of income, Politico says
Subscribe for More Information | | | 06:17 EDT | | F | Detroit automakers rebound as style sells, Bloomberg reports
Subscribe for More Information | | | May 20, 2013 | | 17:49 EDT | | YHOO | Yahoo CEO announces new office in NY, 1TB of free space on Flickr, AllThingsD says
Yahoo CEO, Marissa Mayer and NYC Mayor Michael Bloomberg announced, in a joint press conference, that Yahoo has a new office in the old New York Times building in Times Square, reports AllThingsD. Mayer also announced that Flickr users will have a free terabyte of storage space, the website added. Reference Link | | | 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. | | | | 17:04 EDT | | PFE | Pfizer discontinues phase 3 study of inotuzumab ozogamicin
Subscribe for More Information | | | 16:50 EDT | | TUP | Tupperware announces Americas group president resigns
Tupperware announced in a regulatory filing that effective May 18, the company's group president, Americas, Pablo Munoz, has resigned to pursue other opportunities. | | | 16:22 EDT |  | YHOO | On The Fly: Closing Wrap
Subscribe for More Information | | | 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 | | | 13:06 EDT | | YHOO | On The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday as the Dow and S&P seek to continue their march higher after closing last week at record levels. ECONOMIC EVENTS: In the U.S., the light domestic economic calendar included the Chicago Fed National Activity index, which slipped to -0.53 for April from its prior reading of -0.23. In Asia, the Hang Seng and Shanghai Composite both climbed after Chinese home prices were reported to have risen in April. COMPANY NEWS: Yahoo (YHOO) confirmed it is buying social media platform Tumblr for $1.1B, as widely reported over the weekend, and promised "not to screw it up" in its press release to announce the deal... Actavis (ACT) agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5B. The deal, which was approved by the boards of both companies, equates to a value of $20.08 per Warner Chilcott share based on Actavis' closing share price on Friday, the companies said. MAJOR MOVERS: Among the notable gainers were some other companies with M&A news: Acquity Group (AQ) shares more than doubled after Accenture (ACN) agreed to buy the company for $13.00 per American Depositary Share, and Pactera Technology (PACT) gained 31% after receiving a non-binding proposal from a Blackstone (BX) affiliate to be taken private for $7.50 per ADS. Among the noteworthy losers was XenoPort (XNPT), which fell 11% after one of its drugs failed in a Phase III trial for multiple sclerosis spasticity. Also lower were shares of Red Hat (RHT), which slid 4% following a downgrade to Market Perform at BMO Capital. INDICES: Near 1 pm ET, the Dow was up 13.67, or 0.09%, to 15,368.07; the Nasdaq was up 1.13, or 0.03%, to 3,500.10; and the S&P 500 was up 2.18, or 0.13%, to 1,669.65. | | | 12:04 EDT | | AAPL | Apple rumored to be testing OLED for iWatch, AppleInsider says
Subscribe for More Information | | | 11:21 EDT | | YHOO | Yahoo acquisition a step in right direction, says Piper Jaffray
Piper views Yahoo's acquisition of Tumblr as a step in the right direction and one that could increase the company's top line growth from its current 1% estimate to 2% in 2013 and from 5% to 8% in 2014. However, Piper feels the deal is too small to materially change Yahoo's growth rate and continues to view the Alibaba IPO as the biggest part of the Yahoo story. The firm raised its price target for shares to $27 from $21 and keeps a Neutral rating on the name. | | | 10:05 EDT | | VLO | Valero could seek to form logistics MLP by year end, SA Biz Journal says
Subscribe for More Information | | | 10:03 EDT | | YHOO | Yahoo hosted a conference call
Conference call was held to discuss the acquisition of Tumblr on May 20 at 9 am and has a replay available from 11 am on May 20 through May 26. Webcast Link | | |
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