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Stock Market & Financial Investment News

News Breaks
April 24, 2012
06:14 EDTWMT, GM, ADBE, AAPL, NSRGY, PFE, VIVHYOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The Mexican government said it won't investigate Wal-Mart de Mexico SAB (WMT) amid allegations that the company paid bribes in Mexico to speed permits for new store openings, the Wall Street Journal reports...GM (GM) CEO Dan Akerson said he will lead the company until "the board has had enough of me," and that he prefers his successor to come from within the company, the Wall Street Journal reports...Adobe Systems (ADBE) is reinventing itself as a one-stop technology shop for marketing departments, the Wall Street Journal reports..REUTERS: China's capital rules ban its citizens from investing directly in Apple (AAPL) so they're seeking a part of the iPhone maker's success by buying shares in its suppliers, Reuters reports...BLOOMBERG: Nestle (NSRGY) may sell up to $1.8B of the infant nutrition assets it is buying from Pfizer (PFE) as antitrust concerns in some countries force divestitures, sources say, Bloomberg reports...Vivendi's (VIVHY) Universal Music Group has received interest from companies including Providence Equity Partners and Bertelsmann AG for music-publishing catalogs itís selling, sources say, Bloomberg reports.
News For WMT;GM;ADBE;AAPL;NSRGY;PFE;VIVHY From The Last 14 Days
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July 9, 2014
06:31 EDTAAPLFTC may probe Google over child app purchases, Politico says
After the Federal Trade Commission cracked down on apps previously available on Apple (AAPL) devices that let children spend money without their parents' permission, Apple told the FTC that similar apps are available on Google's (GOOG) app store, according to Politico. As a result, the FTC may investigate Google over this issue, Politico stated. Reference Link
06:28 EDTGMGM Korea employees approve strike amid stalled wage discussions, Reuters says
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06:17 EDTGMGM CEO, general counsel to testify before Senate subcommittee, WSJ reports
Mary Barry, the CEO of General Motors (GM), and the company's general counsel, Mike Millikin, have been called to testify next week before a Senate subcommittee looking at why it took the automaker almost 11 years to recall older cars equipped with a faulty ignition switch, the Wall Street Journal reports. Delphi Automotive (DLPH) CEO Rodney O'Neal and Kenneth Feinberg have also been called as witnesses. Reference Link
06:06 EDTWMTWal-Mart implied volatility of 11 at lower end of index mean range
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05:54 EDTAAPLGarmin downgraded to Underperform from Sector Perform at Pacific Crest
Pacific Crest downgraded its rating on Garmin (GRMN) to Underperform saying any action camera optimism is likely to end in disappoint while Apple's (AAPL) potential watch announcement could create "substantial" headline and competitive risk. Pacific Crest believes Garmin shares may be overvalued and sees fair value for the stock in the mid-$40 range. The stock closed yesterday at $60.63.
July 8, 2014
16:00 EDTAAPLOptions Update; July 8, 2014
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13:12 EDTAAPLGT Advanced's sapphire screens likely in both new iPhones, says Stifel
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12:25 EDTGMGM won't use insurance to pay ignition claims, Automotive News reports
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12:03 EDTNSRGYNestle completes acquisition of L'Oreal 50% stake in Galderma
Nestle (NSRGY) announced it has completed its acquisition of L'Oreal's (LRLCY) 50% stake in Galderma, as originally announced on February 11. Galderma will henceforth operate as the pharmaceutical arm of Nestle Skin Health S.A.
11:48 EDTWMTCEO Bill Simon says Wal-Mart starting to see pockets of growth
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11:42 EDTAAPLUber poaches Apple's Chris Blumenberg, The Information reports
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10:24 EDTAAPLApple could be impacted by Chinese subsidy cuts, says UBS
09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR GILD EXXI FB MGM
09:36 EDTAAPLApple to invest $55M in North Carolina solar farm, Hicorky Record reports
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07:34 EDTAAPLLeak points to sapphire screen for 4.7" iPhone 6
A newly posted YouTube video supposedly shows the screen that will be used in Apple's (AAPL) upcoming 4.7" iPhone 6 and claims that the part confirms that the smaller new model will have a sapphire display, not Gorilla Glass from Corning (GLW). The video adds that the existence of the part dispels rumors that only the larger, 5.5" iPhone 6 would feature a sapphire display. Note that Apple has a sapphire contract with GT Advanced Technologies (GTAT). Reference Link
07:12 EDTWMTWal-Mart exec says U.S. job recovery not prompting spending, Reuters says
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06:54 EDTGMGM Korea head says potential strike could mean output cuts, Reuters says
GM South Korea CEO Sergio Rocha warned employees that a possible strike could prompt further production reductions in one of its major Asian manufacturing centers, according to Reuters, citing comments from Rocha. GM's 15K unionized employees in South Korea plan to cast ballots on whether to hold a strike for a fourth consecutive year, signaling a reemergence of summer labor unrest in the country's vehicle industry. Reference Link
06:29 EDTGMGeneral Motors elects not to recall trucks with brake problems, NY Times says
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06:28 EDTWMTWal-Mart embracing small store models, online strategies, WSJ reports
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06:16 EDTWMTWal-Mart implied volatility of 11 at lower end of index mean range
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