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Stock Market & Financial Investment News

News Breaks
October 22, 2013
11:23 EDTWHR, GE, SSNLF, ELUXY, SHLD, HGG, HD, LOW, BBYWhirlpool rallies after raising full year profit outlook
Shares of appliance manufacturer Whirlpool (WHR) are rallying after the company raised its full year profit outlook. WHAT'S NEW: This morning, Whirlpool reported third quarter adjusted EPS of $2.72 and revenue of $4.7B. This compared to analysts’ consensus estimates of $2.61 and $4.74B, respectively. WHAT’S NOTABLE: The company raised its fiscal 2013 adjusted earnings view to $9.90-$10.10 from $9.50-$10.00, versus consensus of $9.97. The company’s full-year diluted earnings per share guidance was increased to $10.45-$10.65 compared to the previous range of $10.05-$10.55. The company now expects full-year 2013 U.S. industry unit shipments to increase by approximately 9%. PRICE ACTION: In late morning trading, Whirlpool rose about 9% to over $143 per share on nearly twice its average daily trading volume. OTHERS TO WATCH: Whirlpool's competitors in the appliance space include General Electric (GE), Samsung (SSNLF), Electrolux (ELUXY) and LG. Appliances retailers include Home Depot (HD), Lowe's (LOW), Sears (SHLD), Best Buy (BBY) and hhgregg (HGG).
News For WHR;GE;SSNLF;ELUXY;SHLD;HGG;HD;LOW;BBY From The Last 14 Days
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July 17, 2014
14:01 EDTHDHome Depot upgraded to Outperform from Peer Perform at Wolfe Research
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13:18 EDTGEEarnings Preview: General Electric shares little changed since Q1 report
General Electric (GE) is expected to report second quarter earnings on Friday, July 18 before the market open with a conference call scheduled for 8:30 am ET. General Electric is a globally diversified technology and financial services company serving customers in more than 100 countries. EXPECTATIONS: Analysts are looking for earnings per share of 39c on revenue of $36.3B, according to First Call. The consensus range for EPS is 38c-40c on revenue of $35.99B-$36.72B. LAST QUARTER: General Electric reported first quarter adjusted EPS of 33c against estimates for 32c on revenue of $34.18B against estimates for $34.36B. CEO Jeff Immelt said, “We’re off to a good start to the year, and our 2014 framework remains unchanged. The environment is consistent with our expectations, with a positive bias.” During GE’s Q1 earnings call, management said the U.S. market gets "a little better every day," and Europe is improving. They said there was some improvement in demand for credit in Q1. They noted the company was on track to reduce share count in 2014, and on track to achieve its margin goal in 2016. The company expected to make gains from divestitures in its industrial portfolio. In June, GE finalized a deal to purchase the Power and Grid businesses of Alstom (ALSMY), after fending off rivals Siemens (SIEGY) and Mitsubishi Heavy Industries. STREET RESEARCH: Street research has been light in the weeks leading up to GE's Q2 earnings report. On May 12, Barclays upgraded the U.S. Multi-Industry sector to Positive from Neutral. The firm's data indicated that Fed policy had extended the cycle, driving up capital spending and corporate confidence. PRICE ACTION: GE shares traded marginally higher following its Q1 report, but currently sit at approximately the same level as they did three months ago. Over the past twelve months, the stock has gained about 13%. In early afternoon trading ahead of tomorrow's Q2 report, GE shares are down almost 1% to $26.76.
09:23 EDTGEGE's CFM JV says signed $21.4B in new deals at Farnborough Air Show
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08:52 EDTGEGE, JV companies garner over $36B in orders/commitments at Farnborough Air Show
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06:43 EDTSSNLFTSMC expects to lose out to competitors in 14/16nm segment, DigiTimes says
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July 16, 2014
14:09 EDTGEGeneral Electric in talks to sell appliances business, Bloomberg says
General Electric, which tried and failed to sell its household appliances business in 2008, is once again in talks with potential acquirers about the unit, said Bloomberg, citing people familiar with the matter. The appliances business could fetch $1.5B-$2.5B in a sale, according to sources quoted in the report. Reference Link
14:00 EDTGEGeneral Electric in talks to sell appliances business, Bloomberg reports
12:22 EDTBBYBest Buy calls active on speculation of an activist investor stake
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10:58 EDTSSNLFSamsung in talks to buy SmartThings for about $200M, TechCrunch reports
Samsung is in talks to acquire SmartThings, a company in the home automation space that allows users to connect devices like lights and doorlocks to a system controlled by their mobile phone, TechCrunch reports. The purchase price is said to be around $200M. Reference Link
10:24 EDTBBYRumor: Best Buy moves up on speculation of an activist investor stake
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10:10 EDTGEGE Aviation, Barco's Defence & Aerospace unit sign collaboration agreement
GE Aviation and Barco’s Defence & Aerospace division have signed an MOU for collaboration in the development of a new family of open system cockpit display products, targeted at display and avionic system applications for helicopters. This collaboration combines the companies’ respective investments in new technology with their experience in delivering integrated cockpit display systems, open architecture ARINC 653 computing platforms, and expertise in the design and production of high quality cockpit displays for a new generation of flexible display and computing products. It is anticipated that the products will be integrated with an open suite of development and integration tools enabling aircraft prime contractors and application providers to collaborate in customizing functionality and optimizing aircraft performance. The solutions are intended to host existing applications from the two companies and be compatible with industry standard ARINC 653 and Barco’s MOSArt application interfaces.
09:35 EDTGEChina's 9 Air places $3.7B CFM engine order
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09:09 EDTGEGeneral Electric-powered Boeing 777X commissioned by Qatar Airways
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09:03 EDTGEQatar Airways commits to additional 50 GE9X-powered Boeing 777x
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08:18 EDTGEGE announces presentation of new flutemetamol PET scan data
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08:10 EDTGEBoeing, Airbus narrow engine choices in move toward efficient jets, WSJ says
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06:55 EDTSSNLFSurvey shows Samsung losing smartphone ground, Reuters says
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06:52 EDTSSNLFSamsung may be in partnership talks with Under Armour, Yonhap says
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06:20 EDTSSNLFDRAM chip prices likely to increase 10% in July, DigiTimes reports
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06:16 EDTSSNLFSanDisk partners with Rockchip for iNAND solutions, DigiTimes reports
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