Search This Blog

Wednesday, July 22, 2015

Belvedere and Schacknow - CNBC Squawk Box - July 22, 2015


Compiled by
Matthew J. Belvedere and Peter Schacknow


Send this email to a friend


› More Pre-Markets Data
IN THE NEWS TODAY
Big tech was dragging down U.S. stock futures this morning, with Dow components Apple (AAPL) and Microsoft (MFST) getting slammed after reporting earnings late Tuesday. (CNBC)
Apple tumbled in premarket trading, after issuing a softer revenue outlook, and earnings that beat but failed to excite investors. Revenue was also slightly above forecasts. (CNBC)

Microsoft shares slipped in the premarket, after posting a $3.2 billion loss when including restructuring charges. But the software giant did beat on adjusted earnings and revenue. (CNBC)

Dow components Boeing (BA) and Coca-Cola (KO) lead this morning's earnings, a day after IBM (IBM) and United Technologies (UTX) slammed the market. Dow stock American Express (AXP) is out after the bell this afternoon. (CNBC)

FedEx (FDX) has signed a deal to buy 50 freighters from Boeing (BA) worthnearly $10 billion at list prices -the biggest order ever for the 767F aircraft. The deal includes an option for 50 more planes. (Reuters)

AT&T's (T) proposed $48.5 billion acquisition of DirecTV (DTV) has gotten ago-ahead from the Justice Department, with FCC Chairman Tom Wheeler also recommending his agency approve the deal. (Reuters)

Heart device maker St. Jude Medical (STJ) is buying smaller rival Thoratec(THOR) in an all-cash deal valued at $63.50 a share or about $3.4 billion.

Biogen (BIIB) and Eli Lilly (LLY) said today they were encouraged by their latest rounds of research into two separate Alzheimer's drugs each of the companies is developing. (CNBC)

Herbalife (HLF) has filed a court petition to get information from Twitter (TWTR) on an anonymous user who posted negative comments about the nutritional products company. (Reuters)

LifeLock (LOCK) bounced in premarket trading, after losing nearly half its value Tuesday, after the FTC claimed the identity theft protection company violated the terms of a 2010 settlement over deceptive ads. (CNBC)

The Greek parliament is due to vote today on a second set of reformsdemanded by lenders for a third rescue package. Following the vote, talks on the bailout particulars are expected to start in earnest. (CNBC)

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.