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Stock Market & Financial Investment News

News Breaks
April 23, 2012
12:15 EDTWMT, STM, ACHN, AMLN, CEDC, AZN, RDEA, AOL, MSFT, FB, CHKP, HAS, XRX, EAT, NSRGY, PFE, WMMVY, ERICOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, as European political uncertainty and a bribery investigation at Wal-Mart (WMT) kicked the week off on a sour note. Fresh concerns over the European debt crisis have caused a sell off in Europe and here in the U.S. The culprits this time were the failure by the Dutch government to agree on austerity measures and the first round of the French elections going to the Socialist party's candidate. There has been nothing on the U.S. economic calendar to turn investor's attention away from Europe, lending to broad based weakness in equities... ECONOMIC EVENTS: Domestically, little of note was on the economic calendar. In Europe, Markit's composite purchase managers' index fell to 47.4 points in April and political developments added to fears that the region's debt crisis could worsen, as the Netherlands' Prime Minister and his cabinet resigned after budget talks broke down and France's incumbent Nicolas Sarkozy lost in the first round of the nation's presidential elections. In China, a flash PMI reading rose to 49.1 in April, but that improved figure still signals contraction in the manufacturing industry... COMPANY NEWS: Shares of Wal-Mart dragged on the Dow, declining 4.6% after The New York Times said the company focused on damage control instead of fixing problems after finding "evidence of widespread" bribery at Wal-Mart de Mexico (WMMVY). Another Dow component, Pfizer (PFE), also slid following major news, falling almost 1% after agreeing to sell its Nutrition business to Nestle (NSRGY) for $11.85B... Among companies reporting earnings, advancers included Brinker (EAT) and Xerox (XRX); decliners included Hasbro (HAS) and Check Point (CHKP)... Facebook (FB) announced plans to buy a part of the patent portfolio Microsoft (MSFT) recently agreed to acquire from AOL (AOL)... MAJOR MOVERS: Among the notable gainers were Ardea Biosciences (RDEA), up 52%, on news it will be acquired by AstraZeneca (AZN) for $32 per share, and Central European Distribution (CEDC), up 14%, after Russian Standard agreed to invest $100M in the company as part of a strategic alliance. Also higher were shares of Amylin (AMLN), up 10%, after Reuters said over the weekend that the company has hired banks to explore a potential sale. Noteworthy losers included Achillion (ACHN), down over 18%, following a downgrade at JMP Securities after the release of interim ACH-1625 data at a conference over the weekend, and STMicroelectronics (STM), down 11%, after ST-Ericsson, its 50/50 joint venture with Ericsson (ERIC), said it will cut 1,700 jobs amid plans to pursue a new strategic direction... INDICES: Near noon, the Dow was down 135.02, or 1.04%, to 12,894.24; the Nasdaq was down 37.42, or 1.25%, to 2,963.03; and the S&P 500 was down 13.96, or 1.01%, to 1,364.57.
News For WMT;WMMVY;PFE;NSRGY;EAT;XRX;HAS;CHKP;FB;MSFT;AOL;RDEA;AZN;CEDC;AMLN;ACHN;STM;ERIC From The Last 14 Days
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September 19, 2014
11:24 EDTFBTD Ameritrade:Alibaba premarket orders approaching Facebook levels, Reuters says
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10:48 EDTMSFTOracle tumbles after Q1 earnings miss estimates, Ellison steps aside as CEO
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10:07 EDTPFEHigh option volume stocks
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09:33 EDTAZNAstraZeneca says DURATION-NEO-1 trial met primary endpoint
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08:53 EDTMSFTMicrosoft CEO to visit China, China Daily says
Microsoft CEO Satya Nadella is set to visit Beijing next week, according to China Daily. Nadella's visit comes as China conducts an anti-trust probe of the tech giant. The CEO is likely to visit high-ranking Chinese officials during his time in the country ,the newspaper added. Reference Link
07:54 EDTAZNSalix price target raised to $192 from $161 at Canaccord
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06:38 EDTSTMSTMicroelectronics to raise MEMS apps in wearable, IoT markets, DigiTimes says
STMicroelectronics expects to increase MEMS applications in wearable and IoT sectors to gain memotum, reports DigiTimes, according to Executive VP Benedetto Vigna. The company will aim to integrate related technologies to connect core elements. STMicroelectronics has shipped over 8.5B MEMS chips that include 5B MEMS sensing chips and 3.5B units of actuators. Reference Link
September 18, 2014
15:10 EDTAOLAOL spikes higher in late session trading, levels to watch
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14:50 EDTXRXXerox downgraded to Hold from Buy at Standpoint Research
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14:16 EDTAOLRumor: AOL moves up on renewed takeover chatter
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13:54 EDTFBAd dollars on Facebook outpacing amount of time people spend on site, WSJ says
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13:27 EDTFBFacebook updates story ranking criteria
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12:44 EDTMSFTMicrosoft laying off 2,100 employees today, company tells CNBC
12:37 EDTMSFTMicrosoft lays off 2,100 employees, Seattle Times reports
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12:07 EDTFBStocks with call strike movement; JCP FB
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10:40 EDTWMTWal-Mart to hire 60K seasonal associates, 10% more than last year
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09:15 EDTSTMSTMicroelectronics CFO says on track to hit Q3 guidance, Reuters reports
STMicroelectronics CFO Carlo Ferro told investors during a conference presentation that "for us the rule is no news means we're on track to achieve the guidance range we gave for the quarter," according to Reuters, which noted that the company previously said it is targeting Q3 revenue growth of 3% and a gross margin of 34.4%. The Fly notes that consensus for STMicroelectronics is 5c for EPS and $1.92B for revenue. Reference Link
07:06 EDTFBFacebook volatility low into Alibaba IPO
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05:34 EDTMSFTInfosys expands partnership with Microsoft
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05:15 EDTERICEricsson discontinues development of modems
Ericsson announced it will discontinue future development of modems and shift parts of resources in modems to radio network R&D to better capture growth opportunities in this area. The change in strategy for modems comes as the company completes its previously communicated evaluation of the future of the modems business. In order to capture opportunities in radio networks, especially within small cells, energy efficiency and M2M, Ericsson has an immediate need to increase its R&D resources by approximately 500 people. Parts of the Modems organization have a relevant R&D competence base to support this growth.
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