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Stock Market & Financial Investment News

News Breaks
December 2, 2013
06:14 EDTPCRFY, MS, C, GME, CMCSA, JPM, JCP, DIS, BCS, GS, BBY, WMTOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Retail spending over Thanksgiving weekend dropped for the first time in at least seven years (WMT, DIS, GME, BBY JCP), the National Retail Federation said, as the blitz of deals and earlier opening hours apparently failed to pry more dollars out of the hands of budget-conscious shoppers, the Wall Street Journal reports...A four year old Justice Department civil probe into allegations that large banks and others (C, GS, JPM, MS, BCS) conspired to thwart competition in the $24.3T market for credit-default swaps is winding down and penalties aren't planned, sources say, the Wall Street Journal reports...REUTERS: Comcast (CMCSA) is testing new advertising technology that inserts up-to-date commercials into past episodes of TV shows that are available on demand, a development that could help television networks generate additional revenue, Reuters reports...BLOOMBERG: Panasonic (PCRFY) is in talks with automotive parts makers for possible acquisitions or alliances as Japan’s No. 2 TV producer seeks to expand the components it delivers to vehicle manufacturers, Bloomberg reports...The weakest employment recovery in seven decades is proving a boon to equity markets. Five years into a rally that has restored $14T to share prices, U.S. payrolls remain 1.5M below the level in 2008. Resistance to hiring will help push S&P’s 500 Index profit margins above 10% next year, the highest ever, data show, Bloomberg reports.
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April 11, 2014
07:01 EDTJPMJPMorgan reports Q1 EPS $1.28, consensus $1.40
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07:00 EDTJPMJPMorgan reports Q1 EPS $1.28, consensus $1.40
Reports Q1 revenue $22.99B, consensus $24.53B
06:20 EDTCCitigroup unit in California facing DOJ probe, WSJ reports
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06:03 EDTJPMJPMorgan CEO Jamie Dimon hopes to minimize corporate cash, WSJ says
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April 10, 2014
16:06 EDTBBYZynga CFO Vranesh leaving company, Best Buy's Lee to succeed as CFO
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16:00 EDTCOptions Update; April 10, 2014
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15:25 EDTJPMNotable companies reporting before tomorrow's open
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13:33 EDTJPMEarnings Preview: Analysts mixed on JPMorgan into Q1 results
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13:14 EDTWMTFamily Dollar slides after holiday disappointment prompts store closures
Shares of discount retailer Family Dollar (FDO) are falling after the company reported second quarter earnings per share and revenue that fell below expectations, along with third quarter and FY14 projections that are lower than analysts' consensus. WHAT'S NEW: This morning, Family Dollar reported second quarter earnings per share of 80c, which fell below analysts consensus of 90c. The company reported second quarter revenue of $2.72B, while analysts projected $2.77B. Family Dollar, which reported that its second quarter same-store-sales decreased by 3.8%, said the holiday season was challenged by "a more promotional competitive environment and a more financially constrained consumer" and that its results were also significantly impacted by severe winter weather like many retailers. The company expects third quarter earnings per share excluding-items to be 85c-95c, while analysts project a 98c consensus. Family Dollar said that it sees FY14 earnings per share excluding items to be $3.05-$3.25, which is at the lower end of analysts' estimations. Family Dollar noted that it expects to close nearly 370 underperforming stores in the second half of FY14 and slow new store growth beginning in FY15. WHAT'S NOTABLE: During Family Dollar's earnings conference call, the company said that it plans to slow square footage growth in the beginning of FY14 and said that it recently cut about 10% of its corporate workforce. ANALYST OPINION: Wells Fargo analyst Matt Nemer said Family Dollar's third quarter negative comp guidance and commentary about a challenging macro environment could pressure its own shares as well as those of its peers Dollar General (DG) and Dollar Tree (DLTR). However, Family Dollar's store closures combined with a decrease in future store growth could ultimately have positive implications for its competitors, Nemer added. On March 4, Credit Suisse said Family Dollar's underperformance compared to Dollar General and significant earnings possibilities gives the rationale for a potential merger of the two. On February 19, Credit Suisse analyst Michael Exstein suggested that Wal-Mart (WMT) should consider acquiring Family Dollar as a way to "jumpstart" its small store effort. CNBC's David Faber reported the same morning that Exstein published his note that Family Dollar was not holding any talks about selling itself at that time. PRICE ACTION: During afternoon trading, shares of Family Dollar decreased $1.54, or 2.61%, to $57.53, Dollar Tree dropped 2.5%, and Dollar General fell about 1.5%.
13:08 EDTJPMJP Morgan April weekly 58 straddle priced for 2% move into Q1
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09:37 EDTCActive equity options trading on open
Active equity options trading on open according to Track Data: SIRI RAD AAPL AMZN AA FB TSLA MRK CVX C
08:37 EDTJPMDimon admits JPMorgan had 'tin ear' when listening to regulators, Reuters says
JPMorgan CEO Jamie Dimon said the company had a “tin ear” when dealing with regulators before settling investigations into mortgage lapses and trading losses, according to Reuters, citing comments from Dimon in a letter to the bank's investors. Dimon said, "Our response generally was, ‘We know what we’re doing.' Well, we should have done more self-examination. We need to be better listeners.” Reference Link
08:15 EDTGSGoldman COO says company committed to Brazil operations, Reuters says
Goldman Sachs COO Gary Cohn asserted that the company is committed to retaining its investment-banking operations in Brazil as part of its world-wide footprint, according to Reuters, citing comments from Cohn. Reference Link
07:55 EDTGSGoldman joined by RBC in suing clients after Singapore crash, Bloomberg says
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07:49 EDTCMCSALawmakers concerned over Internet share of combined Comcast-TWC, LAT says
During merger review proceedings, legislators on the Senate Judiciary Committee expressed particular concern about the 40% nationwide share of the Internet market that would be held by a combined Comcast (CMCSA) and Time Warner Cable (TWC) if the two are permitted to merge, reported The Los Angeles Times. Reference Link
07:43 EDTJPMJPMorgan (JPM) CEO says 2013 was a year of 'pain,' WSJ reports
J.P. Morgan CEO Jamie Dimon acknowledged in his annual shareholder letter that legal issues and new regulations faced by the bank made 2013 "the most painful, difficult and nerve-wracking experience" he has ever dealt with professionally, reported The Wall Street Journal. Reference Link
07:21 EDTCMCSA, DISHulu's head of original programming development to leave company, AdWeek says
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06:41 EDTMS, JPMGo Daddy hires Morgan Stanley, JPMorgan for IPO, NY Times says
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06:35 EDTC, JPM, MS, GSMobile banking presents opportunity and risks for banks, WSJ reports
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06:13 EDTWMTWal-Mart to carry Wild Oats organic food items
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