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News Breaks | | | | October 5, 2012 | | 12:15 EDT |  | PAY, ZNGA, CW, PPP, MRCY, FB | On The Fly: Midday Wrap
Stocks on Wall Street were higher at midday and look poised to finish the week higher as well after the unemployment rate unexpectedly came in at 7.8% for September. The market opened higher courtesy of the headline news that unemployment had dropped, though analysts had predicted it would tick up to 8.2%. The market move has been somewhat muted, as analysts picked through the numbers and found the data included a large proportion of both government and part-time workers. The averages found their level early in the session and have remained in a narrow range ever since... ECONOMIC EVENTS: In the U.S., the headline unemployment rate unexpectedly fell to 7.8% in September, the lowest since January 2009, as the economy added 114,000 workers. Economists' estimates called for an advance of 115,000. Hourly earnings climbed more than forecast as well, according to the Labor Department's data. In Europe, a report showed that German industrial orders dropped more than expected in August... COMPANY NEWS: Zynga (ZNGA) lowered its outlook for the second time this year, cutting its FY12 bookings view and saying it now expects to break even or lose money in Q3. Zynga shares plunged over 18% after the announcement. Facebook (FB) shares fell as well, sliding over 2%, as JPMorgan lowered its 2013 Facebook Payments revenue estimate after Zynga's negative pre-announcement... MAJOR MOVERS: Among the notable gainers were Primero Mining (PPP), up 30% after announcing a positive advance tax ruling from Mexican authorities, and VeriFone (PAY), up 7% after Citigroup said in a note to investors that it believes sentiment on VeriFone shares is overly negative. Among the noteworthy losers were Mercury Computer (MRCY), down over 17% following downgrades at Sterne Agee and Lazard Capital after the company lowered its Q1 earnings and revenue guidance, and Curtiss-Wright (CW), down nearly 2% after lowering its FY12 EPS view to $2.05-$2.15 from $2.50-$2.60... INDICES: Near noon, the Dow was up 55.83, or 0.41%, to 13,631.19; the Nasdaq was up 0.32, or 0.01%, to 3,149.78; and the S&P 500 was up 4.07, or 0.28%, to 1,465.47. | |
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News For ZNGA;FB;PPP;PAY;MRCY;CW From The Last 14 Days Check below for free stories on ZNGA;FB;PPP;PAY;MRCY;CW the last two weeks. |
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| May 17, 2013 | | 06:51 EDT |  | FB | Facebook volatility at low end of historic range
 Subscribe for More Information | | | 06:36 EDT |  | FB | Google to add new apps to Google Glass, NY Times says
Subscribe for More Information | | | May 16, 2013 | | 05:59 EDT | | FB | High tech firms involved in immigration battle, WSJ reports
Subscribe for More Information | | | 05:57 EDT | | FB | Facebook implied volatility at lower end of index mean range
Subscribe for More Information | | | May 15, 2013 | | 17:46 EDT |  | FB | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . | | | 12:00 EDT |  | PPP | Primero Mining falls 7.5%
Primero Mining is down 7.5%, or 41c, to $5.07 | | | 10:35 EDT | | ZNGA | Groupon, Zynga advance after hedge fund reports new stakes
Subscribe for More Information | | | 09:58 EDT | | ZNGA | Jana Partners reports new stakes in Groupon, Zynga
Subscribe for More Information | | | 05:59 EDT | | FB | Corporate boards recruit newcomers with digital knowledge, WSJ reports
Subscribe for More Information | | | May 14, 2013 | | 17:48 EDT | | FB | Lone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES). | | | | 13:25 EDT | | CW | Curtiss-Wright boosts dividend 11% to 10c per share
Curtiss-Wright announced that the board of directors declared a dividend of 10c per share on Curtiss-Wright common stock, payable July 12 to stockholders of record as of June 28. This represents an 11% increase over the prior dividend of 9c per share. | | | 13:21 EDT | | ZNGA | Take-Two rises after results beat expectations
Subscribe for More Information | | | 06:07 EDT | | FB | AT&T may drop HTC Facebook phone, Bloomberg reports
Subscribe for More Information | | | 05:53 EDT | | FB | Web browsers are being reinvented, WSJ reports
Subscribe for More Information | | | May 13, 2013 | | 15:45 EDT | | ZNGA | Options Update; May 13, 2013
Subscribe for More Information | | | 12:17 EDT | | FB | Facebook's Waze deal hits snag, BGR reports
Facebook's acquisition of social navigation company Waze has hit some complications, said BGR, citing a report from the Israeli newspaper Calcalist. The main area of contention is Facebook's desire to close Waze’s Israel-based R&D center and transfer several employees to the U.S., the report said. Reference Link | | | 06:40 EDT | | FB | Facebook Home not very popular so far, AllThingsD says
Less than 1M people have downloaded Facebook's (FB) new Android app, Facebook Home, since the app was released about a month ago, AllThingsD reported Friday afternoon, citing statements by the social network. As far as popularity is concerned, the app is "not exactly a home run," AllThingsD stated. On the other hand, it is only currently available for five devices that use Google's (GOOG) Android operating system, the website added. Reference Link | | | May 12, 2013 | | 13:44 EDT | | FB | Facebook's general counsel leaving company, AllThingsD says
Facebook’s general counsel Ted Ullyot is leaving the company to take some time off. Ullyot will be leaving in July and the search for his replacement will include internal and external candidates, says AllThingsD. Reference Link | | | May 10, 2013 | | 10:53 EDT | | FB | Facebook adds Facebook Home launcher to more Android phones, androidcentral says
Facebook (FB) has added the Facebook Home launcher to a number of smartphones using Google's (GOOG) Android operating system, including Samsung's (SSNLF) Galaxy S4 and the HTC One, androidcentral reported last night. Reference Link | | | May 9, 2013 | | 12:12 EDT | | FB | Leon Cooperman names Facebook, Qualcomm as stock picks
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