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News Breaks | | | | March 1, 2012 | | 12:27 EDT |  | GM, GPS, WMT, VE, F, TGT, DGI, PEGA, FIATY, M, HUSA | On The Fly: Mid-Day Wrap
Stocks on Wall Street were higher at mid-day, as unemployment claims remained relatively low and retail sales rose. Each of the major indices is higher, with the Nasdaq near its highs of the day. The futures received a boost following in-line jobless claims data, and after the bell rang investors generally ignored the worse-than-expected construction spending number and the ISM data which also fell short of forecasts. The market weakened ever so slightly but continues to show it is resiliency, with the Nasdaq poised to overtake the 3000 level again... ECONOMIC EVENTS: Domestically, 351,000 initial jobless claims were reported, versus the expected 355,000. Personal income for the month of January showed an increase of 0.3%, versus the expected increase of 0.5%, while personal spending was up 0.2%, versus the expected increase of 0.4%. Construction spending fell 0.1% in January, versus expectations for an increase of 1.0%. The ISM manufacturing index read 52.4, which was below the expected 54.5. In Europe, sovereign debt yields declined following the latest LTRO and ISDA ruled that no "credit event" had occurred due to Greece's debt swap arrangements. In China, the official PMI reading came in at 51, which was a month-over-month improvement and indicated expansion... MARKET NEWS: Wal-Mart (WMT) raised its dividend by about 9%. In other retail news, February same store sales were generally strong, with Macy's (M) reporting comparable sales up 4.6% and Target (TGT) saying SSS were up 7%. Among clothing retailers, Gap (GPS) was one of the biggest beneficiaries of a report that surprised to the upside... All the auto makers reporting so far this morning announced increased sales, with Chrysler (FIATY) saying sales were up 40% in February, Ford (F) up 14% and General Motors (GM) up 1% in spite of forecasts that its sales would have declined... MAJOR MOVERS: Among the notable gainers were Pegasystems (PEGA), after its earnings and revenue beat Street expectations, and Veolia Environment (VE), after it reaffirmed its 2012-2013 goal to sell EUR5B in assets and said it is in exclusive talks with an undisclosed investor to sell its stake in its transport unit. Noteworthy losers included Houston American Energy (HUSA), after revealing that its Tamandua #1 well has been plugged, and DigitalGlobe (DGI), following a report of adjusted earnings that missed estimates... INDICES: Near 12:20 pm ET, the Dow was up 49.38, or 0.38%, to 13,001.45; the Nasdaq was up 22.73, or 0.77%, to 2,989.62; and the S&P 500 was up 8.74, or 0.64%, to 1,374.42. | |
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News For WMT;M;TGT;GPS;FIATY;F;GM;PEGA;VE;HUSA;DGI From The Last 14 Days Check below for free stories on WMT;M;TGT;GPS;FIATY;F;GM;PEGA;VE;HUSA;DGI the last two weeks. |
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| June 19, 2013 | | 16:21 EDT |  | GPS | Gap re-initiated with a Perform at Oppenheimer
 Subscribe for More Information | | | 13:30 EDT |  | GM | General Motors ranks atop new vehicle survey, Automotive News says
Subscribe for More Information | | | 07:23 EDT | | GM | GM to expand Cadillac retail network in China, Reuters reports
Subscribe for More Information | | | 07:09 EDT | | WMT | Wal-Mart plays catch up to Amazon.com, WSJ reports
Subscribe for More Information | | | 06:08 EDT | | WMT | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | June 18, 2013 | | 14:17 EDT |  | FIATY | Chrysler, NHTSA resolve recall request
Subscribe for More Information | | | 10:54 EDT | | F, FIATY | European auto sales decline to 20 year low, Reuters says
European car sales decreased in May to their lowest level for the month in 20 years, says Reuters. Data from the Association of European Carmakers showed Germany, France and Italy, suffered almost double-digit percentage declines in May, Reuters added. Reference Link | | | 07:13 EDT | | GM | European car sales at 20 year low, Bloomberg reports
European car sales fell to a two decade low in May as rising joblessness caused by a recession in the euro region reduced demand at Peugeot (PEUGY), Renault and GM (GM), reports Bloomberg.Reference Link | | | 06:01 EDT | | GM | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | June 17, 2013 | | 15:29 EDT | | WMT | Google's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link | | | | 14:05 EDT | | GM | GM may benefit from lease expirations this year, Automotive News says
Subscribe for More Information | | | 11:10 EDT |  | GM | Sierra Wireless is likely beneficiary General Motors vehicle connectivity, says Avondale
Subscribe for More Information | | | 07:31 EDT | | F | Ford: 40% of sales from Asia Pacific in 4 - 5 years, Reuters reports
Subscribe for More Information | | | 07:28 EDT | | F | Ford expects to export more vehicles from India, Reuters reports
Ford CEO Alan Mulally said he expects to see more of the company's vehicles exported from India, as the company looks to build more vehicles using global platforms to lower costs and speed up product development, reports Reuters.Reference Link | | | 06:07 EDT | | GM | States push automakers to sell no-emission cars, Bloomberg reports
Subscribe for More Information | | | 05:43 EDT | | F | Ford's MyTouch adds knobs and buttons, WSJ reports
Subscribe for More Information | | | June 15, 2013 | | 17:46 EDT | | WMT | Wal-Mart appoints Cash as new presiding director, Reuters says
Subscribe for More Information | | | 16:05 EDT | | GM | General Motors recalling more than 193,652 SUVs on fire risk, AP says
Subscribe for More Information | | | June 14, 2013 | | 07:35 EDT | | TGT | Sears cuts two Canadian stores near Toronto, Globe and Mail reports
Sears Canada (SHLD) is selling leases of two of its high-profile stores back to their landlords for $191M plus options on a third store for $1M that could raise another $53M within five years, reports the Globe and Mail. The moves come as Sears races to revive its struggling business amid intensifying competition in Canada and the arrival of Target (TGT), which started to open its first stores here in March, and Nordstrom (JWN), which launches in Canada next year.Reference Link | | | 07:21 EDT |  | WMT, TGT | Clinton Global Initiative to host to host a meeting
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