is trading.....maybe!!
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Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Pre Market Movers
Top Gaining Stocks
Price %Change
AUXL Auxilium Pharmace... 30.31 40.85%
CTIC Cti Biopharma Cor... 2.81 11.95%
IFON Infosonics Corp 3.45 7.48%
PERI Perion Network Lt... 6.80 7.26%
AGIO Agios Pharmaceuti... 47.65 7.13%
RUSS Direxion Daily Ru... 12.28 6.88%
AKS AK Steel Holding ... 10.28 6.64%
X United States Ste... 44.00 6.25%
VNET 21vianet Group In... 21.25 5.20%
LEN Lennar Corp. Cl A... 40.81 4.29%
TNK Teekay Tankers 4.40 4.27%
ARWR Arrowhead Researc... 16.20 4.11%
PE Parsley Energy In... 22.06 4.06%
PT Portugal Telecom ... 2.35 3.98%
IDSY I.d. Systems Inc.... 5.89 3.88%
DD E.i. du Pont de N... 68.35 3.83%
RYI Ryerson Holding C... 12.04 3.70%
VIMC Vimicro Internati... 8.57 3.50%
VHC Virnetx Holding 8.58 3.37%
BLDP Ballard Power Sys... 3.39 3.35%
Top Losing Stocks
Price %Change
RAX Rackspace Hosting... 31.40 -20.18%
QLTI Qlt Inc. 5.50 -11.29%
SNE Sony Corp. Ads 18.10 -10.62%
RTRX Retrophin Inc 11.50 -7.93%
SWIR Sierra Wireless I... 27.04 -7.71%
RUSL Direxion Daily Ru... 14.20 -6.08%
ADBE Adobe Systems Inc... 67.45 -4.64%
SXL Sunoco Logistics ... 47.71 -4.50%
MBT Mobile Telesystem... 17.00 -4.23%
NETE Net Element Inc. ... 2.50 -3.85%
GIS General Mills Inc... 51.45 -3.25%
TRUE Truecar Inc 19.25 -3.02%
SSLT Sesa Sterlite Lim... 18.30 -2.45%
AT Atlantic Power Co... 2.51 -2.33%
UL Unilever Plc Ads ... 42.80 -2.10%
RSX Market Vectors\u0... 23.97 -2.08%
UN Unilever N.v. Ads... 40.58 -2.00%
BDSI Biodelivery Scien... 17.00 -1.33%
WYNN Wynn Resorts Ltd ... 177.50 -1.32%
LVS Las Vegas Sands 60.40 -1.26%
Read more at http://thestockmarketwatch.com/markets/pre-market/#OPuE2KiY3iX0c3pz.99
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FOMC Meeting Announcement <<<<<<<<<<<<<<<<
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FOMC Forecasts
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Chair Press Conference
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futures +5
good morning
this is what I looked like after trading $WB ......
@sdh_ihub This is how long we've been waiting for $WB to move! pic.twitter.com/psuDDkEMUK
— LA (@DJLATX) September 4, 2014
$VNET ~ -$1,014.....got cute and messed up....then made an ass out of myself....good grief!
$WUBA ~ +$2,008 ......
$WUBA ~ +$2,008 ..... pic.twitter.com/WISYwhbAm1
— sdh (@sdh_ihub) September 16, 2014
$MBLY +$1,823 morning trade:
$MBLY ~ +$1,823 morning trade pic.twitter.com/olh0kmerxr
— sdh (@sdh_ihub) September 16, 2014
frontrunning:
Thank you market Chief Risk Officer Bernanke/Yellen: Calpers to Exit Hedge Funds, Divest $4 Billion Stake (BBG)
World stocks hit one-month low, caution ahead of Fed (Reuters)
U.S. Efforts to Build Coalition Against Islamic State in Iraq, Syria Are Hampered by Sectarian Divide (WSJ)
Wildfires rage in California drought, hundreds forced to flee (Reuters)
Time to throw away some more good money: Sears Borrows $400 Million From Lampert’s ESL Investments (BBG)
United Offers $100,000 Buyouts to Flight Attendants (BBG)
Biggest Banks Said to Overhaul FX Trading After Scandals (BBG)
You mean you have to pay? Administration threatens to cut off ObamaCare subsidies to 360,000 (The Hill)
RBS Said to Dismiss Most of Team Overseeing Central Europe Debt (BBG) they will be hired by the ECB
Boeing-Lockheed venture said teaming with Bezos on rocket engine (Reuters)
German Investor Confidence Falls to Weakest Since 2012 (BBG)
Blackstone Group seeks to raise $16 billion for its latest fund (WSJ)
U.K. Inflation Slows to Match 5-Year Low on Food Prices (BBG)
Ditching Monarchy Is Step Too Far for Scots Nationalists (BBG)
European Stocks Fall to Two-Week Low Before Fed Meeting (BBG)
How a Facebook Group Persuaded Coca-Cola to Rerelease Surge (BBG)
Overnight Media Digest
WSJ
* The U.S. military will deploy about 3,000 personnel to West Africa to coordinate international aid, build treatment centers and train health-care workers as part of President Barack Obama's offensive against a rapidly worsening Ebola outbreak, a senior administration official said Monday. (http://on.wsj.com/1sdLCzh)
* Anheuser-Busch InBev NV is talking to banks about financing a potential megadeal, perhaps reaching 75 billion pounds ($121.67 billion), to buy global beer rival SABMiller Plc , according to a person familiar with the matter. (http://on.wsj.com/1m9VAon)
* Citigroup Inc released more details about what a severe recession might look like in coming years and how it could affect the firm, as large U.S. banks run themselves through tests to prepare for next year's Federal Reserve checkup. (http://on.wsj.com/1wn0LlK)
* It's no secret that many physicians hate the electronic-medical-records systems they use, saying they are cumbersome, poorly designed and detract from patient care. Amplifying those concerns, the American Medical Association on Tuesday is calling for a major overhaul of EMR systems to make usability and high-quality patient care a higher priority. (http://on.wsj.com/1tZAFTO)
* The largest U.S. public pension plan is getting out of hedge funds as part of an effort to simplify its assets and reduce costs, a retreat that could prompt other cities and states to consider similar moves. The California Public Employees' Retirement System said Monday it would shed its entire $4 billion investment in hedge funds over the next year. (http://on.wsj.com/1DdcZ57)
* Microsoft Corp is hoping a cult videogame built around virtual blocks will help fix the company's real-world problems, even if the brains behind the brand aren't sticking around. The software giant's $2.5 billion deal to buy Mojang AB, maker of the Minecraft videogame, gives Microsoft an entertainment property whose devoted fans dress up like game characters, pack YouTube with how-to guides and rush to sign up for Minecraft-themed summer camps. (http://on.wsj.com/1BHM1km)
* Sears Holdings Corp is borrowing $400 million from Chief Executive Edward Lampert's hedge fund, giving the retailer an infusion for the holidays after it burned through cash over the summer. (http://on.wsj.com/1BHNIyc)
* Alibaba Group Holding Ltd <IPO-BABA.N>, which is in the middle of marketing what could be the world's largest initial public offering, now thinks it could do a little better. The Chinese e-commerce firm has raised the deal's price range to $66 to $68 per share, up from the current $60 to $66 a share. Alibaba didn't increase the number of shares that can potentially be sold. (http://on.wsj.com/1uAhfrf)
FT
Alibaba Group Holding Ltd <IPO-BABA.N> has considerably boosted the amount it plans to raise in its listing on Friday to $66 to $68 after high investor demand in the Chinese e-commerce company.
The largest U.S public pension fund Calpers said it plans to terminate its hedge fund programme, due to a severe blow to a sector that has brought increasing scepticism over its returns. At a time when the future of North Sea oil has become a significant battleground on account of the debate on Scottish independence, ConocoPhillips, the U.S. energy group is looking to sell its stake in the United Kingdom's largest oilfield. Berlin is pushing Google Inc to disclose the details of the search engine company's secret formula that has allowed it to monopolise web search in Europe, in a move that is likely to be welcomed by competitors and firmly repelled by the U.S tech company.
Microsoft Corp Chief Executive Officer Satya Nadella's plans to buy Swedish games company Minecraft for $2.5 billion, his first big acquisition, was probably not what the investors at Wall Street had in mind when they were looking for a statement about Nadella's plans for his company.
NYT
* The California Public Employees' Retirement System, United States' largest pension fund, will eliminate all of its hedge fund investments over the next year on concerns that investments are too complicated and expensive. The pension fund, which oversees $300 billion, said on Monday that it would liquidate its positions in 24 hedge funds and six hedge fund-of-funds - investments that total $4 billion and more than 1 percent of its total investments under management. (http://nyti.ms/1tZbfpm)
* The Federal Communications Commission will hold a round-table discussion on Tuesday to examine whether proposed net neutrality rules should cover mobile broadband. The battle lines will probably be clear: the cellphone companies against nearly everyone else. (http://nyti.ms/1phqEh9)
* The death toll from General Motors Co faulty ignition switch is rising. From the time it began recalling cars for the defect over the winter, G.M. has never publicly revised its original assessment that 13 people died in accidents linked to the problem, saying only that the number could rise. But on Monday, the lawyer GM hired to develop a program to compensate victims raised the automaker's tally by nearly 50 percent. (http://nyti.ms/1AQQKxD)
* With demand for the Alibaba Group Holding's stock market debut proving even stronger than expected, the Chinese e-commerce giant has done the only logical thing: set its fund-raising sights even higher. The company raised the price range for its initial public offering to $66 to $68 for each American depositary share, up from $60 to $66, according to a regulatory filing on Monday, pushing up its potential haul from the stock sale to as much as $21.8 billion. (http://nyti.ms/1r1oHuI)
* New York State's attorney general filed an antitrust lawsuit on Monday seeking to stop Actavis Plc from forcing patients with Alzheimer's disease to switch to a new version of a widely used drug. The lawsuit contends that the switch is designed to blunt competition from low-priced generic versions of the medication. (http://nyti.ms/YN5QJ1)
* As the city announced a final settlement on Monday with Syncora Guarantee Inc, a creditor that had been one of its chief adversaries, other creditors pressed their opposition to Detroit's plans to emerge from bankruptcy. (http://nyti.ms/ZnvoMZ)
* Miscues by university management and more tepid investment returns have pulled down Harvard's results over the last decade, culminating in the June resignation of Jane Mendillo, the chief executive of the Harvard Management Company, who started just before the market collapse in July 2008. Medillo's performance illustrates not only the vicissitudes of investing but also the revolving-door aspect of an operation like the Harvard endowment, where retaining top talent can be difficult because of the intense scrutiny and the availability of bigger paychecks elsewhere. (http://nyti.ms/ZnvyUu)
Canada
THE GLOBE AND MAIL
** Prime Minister Stephen Harper is promising tax cuts for Canadians in a matter of months, using an election-style rally to fire up conservative troops as Parliament returns and signalling the campaign to win in 2015 has begun in earnest. (bit.ly/XtYZmB)
** Canada is donating C$2.5 million worth of the specialized medical gear used to protect health-care workers who are treating Ebola patients in West Africa, the federal government announced late Monday. (bit.ly/1uCxELH)
** Wind Mobile is poised to announce a deal that will give it the financial backing it needs to become a viable fourth player in Canada's wireless industry. The company's Canadian founder is set to buy out Wind's foreign owner and recapitalize the wireless carrier with the backing of several financial players. (bit.ly/1mamnkA)
NATIONAL POST
** Newly sworn-in Alberta Premier Jim Prentice has appointed a new but smaller cabinet, including two people who aren't members of the legislature. The new cabinet has 16 ministers and three associate ministers, in addition to the premier, down from 19 ministers and 10 associate ministers under former premier Alison Redford. (bit.ly/1uF0477)
** John Tory announced on Monday he is pulling out of three mayoral debates this week, as his campaign re-calibrates with Doug Ford in the race. (bit.ly/1DdYIoP)
** Nathan Jacobson, the self-described "radioactive" businessman close to senior conservatives, cleared his name Monday in a San Diego courtroom. Justice Janis Sammartino accepted a deal reached between federal prosecutors and Jacobson's lawyer allowing Jacobson to withdraw his 2008 guilty plea for money laundering in connection with an online pharmacy. (bit.ly/1nZGddT)
China
SECURITIES TIMES
- China's securities regulator plans to allow asset management units of brokerages to sell products that channel money into private equity.
- Nine government-owned companies in Yunnan province, including Yuntianhua Group and Yunnan Coal Chemical Industry Group Co, have publicly solicited outside investment into 33 subsidiary projects, as part of China's efforts to diversify the ownership structure of state-owned enterprises.
CBN
- Chinese film producer Huayi Brothers Media Corp said it would invest $130 million to set up a unit in the United States.
CHINA SECURITIES NEWS
- The China Securities Regulatory Commission has approved 11 companies to pursue initial public offerings.
SHANGHAI DAILY
- Officials from China's government departments and state-owned firms have been withdrawing from executive MBA programmes after the government banned pricey training courses in July.
Britain
The Times
FRENCH TV FURY OVER ASSAULT BY NETFLIX France's heavily regulated television industry was in uproar yesterday amid the launch of Netflix Inc, the American video streaming service. Critics say the service threatens to destroy France's so-called cultural exception - the notion that it is resistant to Anglo-Saxon entertainment. (http://thetim.es/1BHdxhX)
MCDONALD'S EASES MCMUFFIN RULES AMID SALES DECLINE The world's biggest fast-food chain, McDonald's Corp is considering a new menu segment to lure customers during a time of day, between the breakfast rush and lunch hour, when its restaurants often are quiet. The idea has arisen after the company's worst global same-store sales drop in 10 years, in which Britain provided a single glimmer of hope. (http://thetim.es/1wmFZ5B)
The Guardian
OECD SLASHES GROWTH FORECASTS FOR LEADING ECONOMIES
The global economy faces headwinds from a sluggish eurozone and rising political tensions, including the uncertain outcome of Scotland's independence referendum, a leading thinktank has warned. The Organisation for Economic Co-operation and Development slashed its growth forecasts for advanced economies and called on the European Central Bank to use quantitative easing to shore up the eurozone. (http://bit.ly/1s41wSx)
COCA-COLA TO SPONSOR LONDON EYE The Coca-Cola Co is to become the new sponsor of the London Eye after signing a deal to replace France's EDF Energy Plc. The capital's giant ferris wheel has been a leading tourist attraction since it was introduced in 2000, when it was known as the Millennium Wheel. It was previously sponsored by British Airways before becoming the EDF Energy London Eye in 2011. (http://bit.ly/1q9iKXd)
The Telegraph SCOTTISH REFERENDUM: DAVID CAMERON BEGS SCOTS NOT TO LEAVE THE UK British Prime Minister David Cameron begged the people of Scotland not to leave the United Kingdom as he promised them that he "won't be here forever." In a final plea before Thursday's referendum, the prime minister warned Scottish voters in a speech in Aberdeen that separation would be a "painful divorce." (http://bit.ly/1uEheli)
ROW BETWEEN PHONES 4U AND VODAFONE OVER CAUSE OF COLLAPSE A bitter row over the collapse of Phones 4U broke out on Monday when Vodafone Group Plc strongly rejected claims it acted improperly in pulling out of the chain, pinning the blame instead on the decision by its private equity owners to load it with high-interest debt and collect a 200 million pounds ($324.54 million) windfall. (http://bit.ly/1m9phWx)
Sky News CBI DENIES GOVT PRESSURE ON SCOTLAND VOTE The president of the Confederation of British Industry, Michael Rake, has insisted no pressure has been exerted on businesses by the government to speak out on the Scottish referendum debate. (http://bit.ly/1qEorT8)
ALIBABA FLOTATION ON COURSE FOR WORLD RECORD China's biggest online retailer appears on course to break the record for the biggest share sale of all time this week. Expectations are growing that Alibaba Holding Group Ltd <IPO-BABA.N> will raise its price target above the planned $60 to $66 per-share range - with sources, said to be familiar with the deal, telling Reuters there was "overwhelming" demand for the stock. (http://bit.ly/1tYuC1S)
The Independent
MICROSOFT BUYS MINECRAFT STUDIO MOJANG FOR $2.5 BLN Microsoft Corp has announced that it has purchased Mojang, the Swedish studio behind the popular game Minecraft, for $2.5 billion (http://ind.pn/1AQQ6An)
SCOTTISH INDEPENDENCE: COMMERZBANK SAYS WORST CASE ECONOMIC SCENARIOS 'EXAGGERATED' Days after Deutsche Bank reignited the Scottish "no" campaign with terrifying fears that a vote for independence would plunge Scotland back into a 1930s style depression, a rival German financial company, Commerzbank AG, has said such speculation has been overdone. (http://ind.pn/1AQQdMq)
Fly On The Wall Pre-market Buzz
ECONOMIC REPORTS
Domestic economic reports scheduled for today include:
Producer Price Index for August at 8:30--consensus flat with prior month
ANALYST RESEARCH
Upgrades
21Vianet (VNET) upgraded to Outperform from Sector Perform at Pacific Crest
Anglo American (AAUKY) upgraded to Buy from Hold at Deutsche Bank
AngloGold (AU) upgraded to Overweight from Neutral at HSBC
Approach Resources (AREX) upgraded to Neutral from Underperform at Sterne Agee
Athlon Energy (ATHL) upgraded to Buy from Neutral at BofA/Merrill
BE Aerospace (BEAV) upgraded to Overweight from Neutral at JPMorgan
Duke Energy (DUK) upgraded to Outperform from Market Perform at Wells Fargo
Microsoft (MSFT) assumed with an Outperform from Sector Perform at RBC Capital
Pearson (PSO) upgraded to Overweight from Equal Weight at Morgan Stanley
SYNNEX (SNX) upgraded to Buy from Hold at Stifel
Tableau (DATA) upgraded to Outperform from Neutral at Credit Suisse
Terex (TEX) upgraded to Buy from Hold at Stifel
Downgrades
Adobe (ADBE) assumed with a Sector Perform from Outperform at RBC Capital
Analogic (ALOG) downgraded to Hold from Buy at Brean Capital
Bankrate (RATE) downgraded to Sell from Hold at Topeka
Con-way (CNW) downgraded to Neutral from Outperform at RW Baird
Cummins (CMI) downgraded to Market Perform from Outperform at Wells Fargo
Laredo Petroleum (LPI) downgraded to Neutral from Buy at BofA/Merrill
Occidental Petroleum (OXY) downgraded to Equal Weight from Overweight at Barclays
Initiations
ACI Worldwide (ACIW) initiated with a Neutral at Sterne Agee
Ardmore Shipping (ASC) initiated with a Buy at MLV & Co.
Benefitfocus (BNFT) initiated with an Outperform at RBC Capital
Boston Beer (SAM) initiated with an Outperform at Cowen
Brown Forman initiated with an Outperform at Cowen
Capital Product (CPLP) initiated with a Buy at Deutsche Bank
Coca-Cola (KO) initiated with a Market Perform at Cowen
Concur (CNQR) initiated with an Outperform at RBC Capital
Constellation Brands (STZ) initiated with a Market Perform at Cowen
Craft Brew (BREW) initiated with an Outperform at Cowen
Diana Shipping (DSX) initiated with a Buy at Deutsche Bank
Dr Pepper Snapple (DPS) initiated with a Market Perform at Cowen
DryShips (DRYS) initiated with a Buy at Deutsche Bank
Dynagas LNG (DLNG) initiated with a Buy at Deutsche Bank
Global Payments (GPN) initiated with a Neutral at Piper Jaffray
Heartland Payment (HPY) initiated with a Buy at Sterne Agee
Intuit (INTU) initiated with an Outperform at RBC Capital
Lionsgate (LGF) initiated with a Buy at ISI Group
MasterCard (MA) initiated with a Buy at Sterne Agee
MasterCard (MA) initiated with an Overweight at Piper Jaffray
Molson Coors (TAP) initiated with an Outperform at Cowen
Monster Beverage (MNST) initiated with a Market Perform at Cowen
Navios Acquisition (NNA) initiated with a Buy at Deutsche Bank
Net 1 UEPS (UEPS) initiated with a Buy at Sterne Agee
NetSuite (N) initiated with an Outperform at RBC Capital
Oracle (ORCL) assumed with a Sector Perform at RBC Capital
PepsiCo (PEP) initiated with an Outperform at Cowen
SAP (SAP) initiated with a Sector Perform at RBC Capital
SEI Investments (SEIC) initiated with a Buy at Sterne Agee
Scorpio Bulkers (SALT) initiated with a Buy at Deutsche Bank
Seaspan (SSW) initiated with a Buy at Deutsche Bank
StealthGas (GASS) initiated with a Buy at Deutsche Bank
Teekay Tankers (TNK) initiated with a Buy at Deutsche Bank
Tesla (TSLA) initiated with a Buy at ISI Group
Textainer (TGH) initiated with a Hold at Deutsche Bank
Total System (TSS) initiated with a Neutral at Sterne Agee
Tsakos Energy (TNP) initiated with a Buy at MLV & Co.
Ultimate Software (ULTI) initiated with an Outperform at RBC Capital
Ultratech (UTEK) initiated with an Outperform at Imperial Capital
Vantiv (VNTV) initiated with a Buy at Sterne Agee
Visa (V) initiated with a Buy at Sterne Agee
Visa (V) initiated with an Overweight at Piper Jaffray
WEX Inc. (WEX) initiated with a Buy at Sterne Agee
Western Union (WU) initiated with a Neutral at Sterne Agee
Workday (WDAY) initiated with an Outperform at RBC Capital
Yelp (YELP) initiated with a Neutral at RW Baird
zulily (ZU) initiated with an Outperform at RW Baird
COMPANY NEWS
Valeant (VRX), Pershing Square, Allergan (AGN) settled pending litigation before DE Court. Pursuant to the settlement, Allergan has agreed to unconditionally call and hold a special meeting of its shareholders on December 18
Humana (HUM) announced $2B share repurchase authorization
Airbus (EADSY) Defense, Space said it will sell some divisions, including Fairchild Controls, Rostock System-Technik, AvDef, ESG and Atlas Elektronik
In a severely adverse scenario Citigroup's (C) total risked based capital ratio would be 10.9% through Q216; For projected stressed capital ratios, JPMorgan (JPM) reported that Tier 1 common ratio would be a minimum of 8.4%, Tier 1 leverage ratio would be a minimum of 6.4%, and Tier 1 risk-based capital ratio would be a minimum of 8.7%
AstraZeneca (AZN), Eli Lilly (LLY) to jointly develop, commercialize AZD3293
EARNINGS
Companies that beat consensus earnings expectations last night and today include:
Analogic (ALOG)
Companies that missed consensus earnings expectations include:
Full Circle Capital (FULL), Ixia (XXIA), Student Transportation (STB), Majesco (COOL)
Espey Mfg (ESP) reports Q4 EPS (31c) vs. $1.02 a year ago
Analogic (ALOG) sees FY15 revenue to grow mid single-digits , consensus $572.12M
NEWSPAPERS/WEBSITES
Actavis (ACT), Forest Labs subsidiary sued by NY attorney general, Reuters says
Google (GOOG) called on by Berlin to disclose search engine formula, FT reports
Boeing (BA), Lockheed (LMT) ally with Amazon (AMZN) CEO on rocket engine, Reuters says
Boeing (BA) may beat out SpaceX for NASA contract to ferry astronauts, WSJ reports
Qualcomm (QCOM) accused of bribing Chinese official, WantChinaTimes reports
ConocoPhillips (COP) auctioning 24% stake in the Clair oilfield, FT reports
Pratt & Whitney (UTX) close to engine supply deal with Pentagon, WSJ reports (LMT, NOC, BAESY)
iPhone 6/6 Plus may suffer similar iPhone 5s/5c inventory issues, DigiTimes says (AAPL)
SYNDICATE
Alcoa (AA) announces proposed offering of 25M depositary shares
Blueknight Energy Partners (BKEP) files to sell 8.5M shares
Gastar Exploration (GST) offers 17M shares of common stock
Lehigh Gas (LGP) files to sell 3.6M common units representing limited partners
Viper Energy (VNOM) 3.5M share Secondary priced at $28.50
Average:
0
Pre Market Movers
Top Gaining Stocks
Price %Change
SINO Sino-global Shipp... 3.15 25.47%
FONR Fonar Corporation... 13.00 13.64%
MEET Meetme Inc. 2.40 11.63%
ROSG Rosetta Genomics ... 3.77 7.72%
RWLK Rewalk Robotics L... 40.00 7.67%
NETE Net Element Inc. ... 3.07 6.60%
PSTI Pluristem Therape... 2.85 5.95%
FTR Frontier Communic... 6.73 5.65%
SSH Sunshine Heart In... 6.15 5.49%
RXII Rxi Pharmaceutica... 2.30 5.02%
RLYP Relypsa Inc 26.98 4.98%
SODA Sodastream Intern... 32.96 4.70%
VNET 21vianet Group In... 22.12 3.08%
RUSL Direxion Daily Ru... 14.92 2.97%
WBAI 500 Com Ltd. Adr ... 30.56 2.28%
AEO American Eagle Ou... 13.76 2.15%
JDSU Jds Uniphase Corp... 13.85 2.10%
CSIQ Canadian Solar In... 38.50 2.01%
XXII 22nd Century Grou... 2.68 1.90%
VNOM Viper Energy Part... 29.02 1.82%
Top Losing Stocks
Price %Change
AVNR Avanir Pharmaceut... 11.90 -4.72%
OZM Och-ziff Capital ... 11.29 -4.32%
AT Atlantic Power Co... 3.68 -3.41%
MGM Mgm Resorts Inter... 22.50 -3.06%
OTIV On Track Innovati... 3.51 -2.77%
IBN Icici Bank Ltd (i... 51.52 -2.70%
YINN Direxion Daily Ft... 32.50 -2.64%
GPRO Gopro Inc. 65.50 -2.53%
GILD Gilead Sciences I... 98.70 -2.27%
TI Telecom Italia S.... 11.54 -2.20%
JDST Direxion Daily Jr... 12.04 -2.11%
LVS Las Vegas Sands 60.85 -2.09%
CNTY Century Casinos I... 4.80 -2.04%
ACI Arch Coal Inc. 2.81 -1.75%
ORAN Orange 14.61 -1.62%
ARMH Arm Holdings Plc ... 44.66 -1.59%
BCS Barclays Plc Ads ... 14.85 -1.59%
BUD Anheuser-busch In... 112.70 -1.53%
ALU Alcatel-lucent Ad... 3.23 -1.52%
TRW Trw Automotive Ho... 101.49 -1.50%
Read more at http://thestockmarketwatch.com/markets/pre-market/#GJw86mAyWhxXk0bC.99
data:
FOMC Meeting Begins
ICSC-Goldman Store Sales
[Report][Bullet7:45 AM ET
PPI-FD
[Report][Star]8:30 AM ET
Redbook
[Bullet8:55 AM ET
Treasury International Capital
[djStar]9:00 AM ET
4-Week Bill Auction
[Bullet11:30 AM ET
52-Week Bill Auction
[Bullet11:30 AM ET
futures -21
good morning
yes....lots of big, big runners lately.....
have a great one!
$VNET ~ +$1,009 ~
$VNET ~ +$1,009 pic.twitter.com/9TI6D0UOZ3
— sdh (@sdh_ihub) September 15, 2014
Frontrunning:
Snow is coming: OECD Cuts Economic Growth Forecasts (WSJ)
World waits for white smoke from U.S. Fed (Reuters) - Understandable error: they meant "green"
Scots Breakaway at 45% Odds as Economists Warn of Capital Flight (BBG)
Ukraine President Poroshenko Faces Backlash Over EU Trade Deal Delay (WSJ)
German Anti-Euro Party Advances in Merkel Homeland Voting (BBG)
Clinton Hints at 2016 Run as Super-PAC Packs Iowa Steak Fry (BBG)
Air France, Lufthansa Hit by Strikes in Fight for Future (BBG)
U.S. sees Middle East help fighting IS, Britain cautious after beheading (Reuters)
Ex-Billionaire Charged by Brazil With Financial Crimes (BBG)
Record S&P 500 Masks 47% of Nasdaq Mired in Bear Market (BBG)
Heineken confirms, rebuffs SABMiller bid (Reuters)
Alibaba Said to Plan Boosting IPO Price Amid Interest (BBG)
A minimum-wage hike finds hope in U.S. heartland (Reuters)
Western sanctions are testing Russia's strength: Medvedev (Reuters)
Phones 4u Bonds Plummet After Losing Mobile Contracts (BBG) and it was just a year ago that it did a "successful" dividend recap deal...
Overnight Media Digest
WSJ
* International support for the U.S.-led military campaign against Islamic State gathered strength with the United Kingdom vowing to destroy the group after it killed a British aid worker, Arab States agreeing to participate in air strikes and Australia pledging forces. (http://on.wsj.com/1tTMjj6)
* President Barack Obama plans to dramatically boost the U.S. effort to mitigate the Ebola outbreak in West Africa, including greater involvement of the U.S. military, people familiar with the proposal said. (http://on.wsj.com/1qVDFka)
* Heineken NV said Sunday that U.K.-based rival SABMiller Plc has approached it about being acquired but that Heineken's controlling family intends to keep the company independent. (http://on.wsj.com/1BF0zkF)
* A firm run by former AIG boss Hank Greenberg is suing the U.S. government over its bailout of AIG six years ago. A trial set to start late this month poses a risk for the insurer.(http://on.wsj.com/1uD4Wtc)
* As vice chairwoman of the Federal Reserve, Janet Yellen was an unabashed advocate of easy money who pressed colleagues to embrace her view. As chairwoman she has taken a much different approach, becoming a restrained consensus seeker modeled after her predecessor, Ben Bernanke. (http://on.wsj.com/X4DpVn)
* U.S. investigators have turned multiple bank employees into informants in a far-reaching probe of possible manipulation of currency markets, and are preparing to seek criminal charges against individual traders as early as next month. (http://on.wsj.com/1qPzF5W)
* U.S. Treasury Secretary Jacob Lew warned his Chinese counterpart in a recent letter that a spate of antimonopoly investigations against foreign companies could have serious implications for relations between the two countries, according to people briefed on its contents. (http://on.wsj.com/Xl9Krm)
FT
Silicon Valley's top executives and investors have agreed that the U.S. tech industry has failed to appreciate the growing global concern over its record on online privacy and security and must act immediately to prevent deeper damage to its image.
SABMiller Plc made a preliminary offer for rival brewer Heineken that was rejected by its controlling shareholders. This deal would have brought the two companies together and helped SABMiller resist a takeover bid from rival Anheuser-Busch InBev
After many years in which dealmakers have been standing firmly in the shadows of their profit-churning trading colleagues, a resurgent market for takeovers and public listings has fostered bigger pay cheques for advisory bankers.
Former chief executive of BP Plc, Tony Hayward, warned that U.S. and EU sanctions against Moscow are threatening to turn around and bite the West by hindering global oil supplies and driving up prices in coming years.
Eike Batista, a Brazilian business magnate, was accused of market manipulation, and prosecutors sought to freeze millions of dollars worth of properties that he had transferred to his family. The accusations were part of a criminal action against Batista, whose empire collapsed last year in Latin America's largest bankruptcy, with prosecutors attempting to take hold of 1.5 billion Brazilian reais ($641.30 million) in assets.
NYT
* People keep texting when they are behind the wheel, so an engineer has found a technological solution. The problem: He can not do it on his own. (http://nyti.ms/1y4HCtc)
* An investigation by the New York Times into the National Highway Traffic Safety Administration's handling of major safety defects over the past decade found that it frequently has been slow to identify problems, tentative to act and reluctant to employ its full legal powers against companies. (http://nyti.ms/1wlqQ4x)
* Parent groups and privacy advocates are challenging the practices of an industry built on data collection, and California has passed wide-ranging legislation protecting students' personal information. (http://nyti.ms/1q60b6d)
* Barry Diller's IAC/InterActiveCorp - owner of Match.com, OkCupid and other sites - has been increasing its presence in the terrain that combines technology and romance in the last 10 years, but the market has become crowded. (http://nyti.ms/1D9nztS)
* The smartphone offerings of Apple Inc, Amazon.com Inc, Microsoft Corp and Samsung Electronics Co Ltd have a lot to say about the companies' approach to most everything. (http://nyti.ms/1D9nNB3)
* Activist investor William Ackman's new fund, Pershing Square Holdings, is expected to be listed on the Amsterdam Stock Exchange. (http://nyti.ms/1s7ilpJ)
* Heineken, the Dutch brewer, said on Sunday it had rejected a takeover approach made by SABMiller, putting on ice what would have been a multibillion-dollar beer deal. With a valuation of about $44 billion, Heineken is one of the last big independent brewers in the world, remaining autonomous in an era of global consolidation. (http://nyti.ms/1sUL3OP)
Canada
THE GLOBE AND MAIL
** The newly formed British Columbia LNG Developers Alliance, representing four of the largest proponents of liquefied natural gas exports from the West Coast is lobbying Ottawa for tax relief, arguing that it is in the national interest to launch LNG sales to Asia and reduce Canada's dependence on energy exports to the United States. The alliance's four members are Kitimat LNG, the Pacific NorthWest LNG project led by Malaysia's state-owned Petronas, Shell Canada Energy-led LNG Canada and BG Group's Prince Rupert LNG. (bit.ly/XmAacc)
** Royal Canadian Mounted Police analysts have warned government and industry that environmental extremists pose a "clear and present criminal threat" to Canada's energy sector, and are more likely to strike at critical infrastructure than religiously inspired terrorists. (bit.ly/1wvfa1S)
** Talks between the union representing British Columbia teachers and their employer continued through the weekend, as the two sides and a mediator work to end the bitter strike that has kept 500,000 public school students out of the classroom. Negotiators spent the weekend at a hotel near the Vancouver airport, but would not say what progress had been made. (bit.ly/X5qUZJ)
NATIONAL POST
** Days after being diagnosed with an abdominal tumour, Toronto Mayor Rob Ford withdrew his candidacy for a second term Friday, opening the door in the process for his brother Doug to take his place. (bit.ly/1qOA1ds)
** More than 400 academics are demanding the Canada Revenue Agency halt its audit of a think-tank, saying the conservative government is trying to intimidate, muzzle and silence its critics. In an open letter, the group defends the Canadian Centre for Policy Alternatives, a left-leaning think-tank that was targeted for a political-activity audit partly because it was deemed by the agency to be biased and one-sided. (bit.ly/1nVPiEp)
** While Keurig Green Mountain Inc is trying to knock competitors out of its massive single-serve coffee ring, an Ottawa startup, Single Cup Coffee is using new technology to secure a spot and, so far, it's paying off. Single Cup Coffee, which offers nearly 100 new flavours made in so-called XBold cups re-engineered to give every hot beverage a bolder taste, is already brewing C$12 million in sales after one year of operations. (bit.ly/1y5MrTa)
Hong Kong
SOUTH CHINA MORNING POST
-- The de facto head of Shanghai's free-trade zone is expected to step down, five separate sources said, likely dealing another blow to the already struggling economic project ahead of its first anniversary. Dai Haibo, the zone's executive deputy director overseeing daily operations, was suspected of disciplinary violations, said the sources. (bit.ly/1qViQFI)
-- Russian money is fleeing Western sanctions and into Hong Kong, but running into obstacles at banks nervous about money laundering, analysts say. (bit.ly/1m4wgAC)
-- Cathay Pacific, one of the world's largest cargo carriers, is hoping the Christmas season will start a little earlier this year. The last quarter may signal the start of a real recovery for the sluggish global cargo market thanks to new hi-tech consumer product launches and recovery in the U.S. economy, said Cargo Director James Woodrow. (bit.ly/X3TGcY)
THE STANDARD
-- Hong Kong food authorities on Sunday ordered a massive recall and ban on all 25 lard and lard products imported from Chang Guann at the centre of the "gutter oil" scandal in Taiwan, and banned all food made with the products. (bit.ly/1s2B6kd)
-- The new racing season got off a golden start at the Sha Tin track in Hong Kong in more ways that one. The first-day crowd and turnover were the highest in more than 20 years. Attendance was 74,281, 12 percent higher from last year's opener, while turnover rose more than 10 percent to HK$1,139 billion ($147 billion). (bit.ly/1AOziKm)
-- Jiashili Group opens its retail book today, seeking to raise up to HK$320 million. The Guangdong-based biscuit manufacturer is offering 100 million shares at HK$3.70 each. (bit.ly/1m4zJ21)
HONG KONG ECONOMIC JOURNAL
-- Some 700 staff from casino operator SJM Holdings Ltd staged a protest over the weekend demanding better pay. The workers warned that they would hold a strike in the golden week in October if the management continued to ignore their demand.
Britain
The Times
RBS FACES CLASS ACTION OVER 'ABUSE' OF SMALL BUSINESSES
Hundreds of business owners affected by Royal Bank of Scotland's "turnaround" division for struggling companies are planning to sue the bank through a group legal action. (http://thetim.es/1pfU6Ec)
PHONES 4U CRASHES TO PUT JOBS IN JEOPARDY Nearly 6,000 jobs on the High Street were in jeopardy on Sunday as Phones 4u collapsed into administration. All 550 of its shops are to close with immediate effect, pending a decision by administrators at PricewaterhouseCoopers on whether a long-term solution can be found for the business. (http://thetim.es/1q563N5)
The Guardian
FROM BANKING TO TEACAKES: WHAT HAPPENS IF IT'S A YES IN THE REFERENDUM If Thursday's vote is a yes, bank customers will want to know on Day One if their money is safe and what currency an independent Scotland will use - even if, in reality, it would be 18 months before any real change occurs. Bank of England Governor Mark Carney is cutting short a trip to Australia, where G20 finance ministers and central bank governors are gathering, to ensure he is in the UK in case the contingency plan he has drawn up needs to be implemented. The Treasury insists Chancellor George Osborne - who is not going to Cairns - has no contingency plan. (http://bit.ly/1uvBGpo)
2014 COULD SET RECORD FOR VALUE OF IPOS ON LONDON STOCK EXCHANGE MAIN MARKET This year could see a record amount of cash raised by companies joining the London stock exchange's main market. By the end of August, about 7.4 billion stg ($12.01 billion) had been raised, according to Capita Asset Services, and on current trends this could reach 11.7 billion stg by the end of the year, well above the record 8.7 billion stg set in 2011. (http://bit.ly/1y3O57V)
The Telegraph QUEEN WARNS SCOTS TO THINK 'VERY CAREFULLY' ABOUT REFERENDUM VOTE The Queen has broken her silence about the potential break-up of the United Kingdom by warning Scots to think "very carefully about the future" before casting their votes in the independence referendum. With only four days to go to the polls and the contest on a knife edge, the monarch made a hugely significant intervention by stating she hoped Scots would consider closely what their "important" votes would mean. (http://bit.ly/1uNYtej) SAMSUNG ACCUSES RIVAL OF SABOTAGING WASHING MACHINES Samsung Electronics Co Ltd has accused the head of rival LG Electronics Inc's home appliances business of damaging its washing machines at retail stores in Germany. The firm, in a statement on Sunday, said it had asked the Seoul Central District Prosecutors' Office to investigate LG employees who the company says were seen deliberately destroying several of its premium washing machines on display at two stores earlier this month ahead of the IFA electronics show in Berlin. (http://bit.ly/1qVcuWL)
Sky News
MERGERS WATCHDOG PAVES WAY FOR 'CABLE FINES' Vince Cable, the merger watchdog, will on Monday pave the way for a crackdown on companies that break pledges on jobs and investment made during major corporate takeover deals. (http://bit.ly/1BDTroK)
SCOTLAND REFERENDUM RESULT 'TOO CLOSE TO CALL' The latest opinion polls show the Scottish referendum campaign is "on a knife-edge" - with the "Yes" and "No" campaigns ahead in different surveys. Three polls - all of which exclude undecided voters - give the "No" campaign the advantage on the final weekend of campaigning, but pro-Independence campaigners will be boosted by another which shows them ahead by a large margin. (http://bit.ly/1wsKHlc)
The Independent
UK FIRMS OUT OF RACE FOR 485M STG THAMES FLOOD DEFENCE PROJECT
Unions are warning of an impending British engineering skills crisis, as yet another major public sector project is set to be awarded to a huge U.S. firm. The three bids involving UK firms have been removed in the running for the 485 million stg, 10-year Environment Agency deal to shore up the River Thames' flood defences. The contract covers an area from Teddington in west London to Sheerness and Shoeburyness in Kent and Essex. (http://ind.pn/1s2yrqG)
SCOTTISH INDEPENDENCE: STERLING ON KNIFE-EDGE AS CITY BRACES FOR SCOTS VOTE The City is bracing for "a major reaction" to sterling and shares following the Scottish independence result as the London market faces what could be its most turbulent week since the 2008 banking crisis. Bank of England Governor Mark Carney is returning early from this week's finance meeting of G20 countries in Australia to monitor the markets in person from Thursday and Chancellor George Osborne has cancelled his trip entirely. (http://ind.pn/1qBQbYx)
Fly On The Wall Pre-Market Buzz
ECONOMIC REPORTS
Domestic economic reports scheduled for today include:
NY Fed Empire State survey for September at 8:30--consensus 15.9
Industrial production for August at 9:15--consensus up 0.3%
Capacity utilization rate for August at 9:15--consensus 79.3%
ANALYST RESEARCH
Upgrades
AMC Entertainment (AMC) upgraded to Overweight from Equal Weight at Barclays
Abaxis (ABAX) upgraded to Buy from Hold at Canaccord
Acuity Brands (AYI) upgraded to Buy from Neutral at Goldman
Barrick Gold (ABX) upgraded to Neutral from Underweight at HSBC
CVS Health (CVS) upgraded to Outperform from Market Perform at Cowen
Chuy's (CHUY) upgraded to Buy from Hold at KeyBanc
Conversant (CNVR) upgraded to Neutral from Sell at Goldman
Danske Bank (DNSKY) upgraded to Buy from Hold at Deutsche Bank
DigitalGlobe (DGI) upgraded to Overweight from Neutral at JPMorgan
Pebblebrook Hotel (PEB) upgraded to Buy from Hold at ISI Group
Sunstone Hotel (SHO) upgraded to Buy from Hold at ISI Group
Veeco (VECO) upgraded to Neutral from Sell at Goldman
Downgrades
Brady (BRC) downgraded to Market Perform from Outperform at Wells Fargo
Cree (CREE) downgraded to Neutral from Buy at Goldman
Douglas Dynamics (PLOW) downgraded to Neutral from Outperform at RW Baird
Marten Transport (MRTN) downgraded to Outperform from Strong Buy at Raymond James
Posco (PKX) downgraded to Neutral from Overweight at HSBC
Rackspace (RAX) downgraded to Neutral from Overweight at JPMorgan
Symantec (SYMC) downgraded to Sector Perform from Outperform at RBC Capital
TransCanada (TRP) downgraded to Sell from Neutral at Goldman
Initiations
American Realty (ARCP) initiated with an Overweight at JPMorgan
Capital Product (CPLP) initiated with a Buy at Jefferies
Continental Resources (CLR) initiated with a Buy at Canaccord
Costco (COST) initiated with a Buy at Citigroup
NRG Yield (NYLD) initiated with an Outperform at RBC Capital
PTC Therapeutics (PTCT) initiated with a Buy at Deutsche Bank
Power Solutions (PSIX) initiated with an Outperform at Northland
Target (TGT) initiated with a Neutral at Citigroup
Wal-Mart (WMT) initiated with a Neutral at Citigroup
Whiting Petroleum (WLL) initiated with a Buy at Canaccord
Winnebago (WGO) initiated with an Outperform at BMO Capital
COMPANY NEWS
Heineken (HEINY) said SABMiller (SBMRY) acquisition proposal non-actionable
Cognizant (CTSH) agreed to acquire TriZetto for $2.7B
Danaher (DHR) to acquire Nobel Biocare Holding for CHF 17.10 per share
HSBC (HSBC) confirmed $550M settlement agreement with FHFA
Oracle (ORCL) acquired Front Porch Digital, terms undisclosed
AT&T (T) said it had the 'biggest iPhone, pre-order launch day ever' (AAPL)
Hudson City Bancorp (HCBK) announced passing of chairman, CEO Ronald Hermance, named Denis Salamone as CEO, effective immediately
EARNINGS
No notable earnings this morning.
NEWSPAPERS/WEBSITES
Apple (AAPL) CEO says working on products that haven't been rumored yet, Re/code reports
Amazon (AMZN) faces tax obstacle in India, FT reports
Herbalife (HLF) near settlement with former distributors, NY Post reports
Netflix (NFLX) to face competition in France from Numericable Group , WSJ reports
Citigroup (C) said to plan OneMain IPO by month-end, Bloomberg says
Home Depot (HD) took steps to up defenses, but hackers moved faster, WSJ reports
JPMorgan (JPM) could have difficulty repelling hackers, NY Times reports
Lam Research (LCRX) shares could return 20%, Barron's says
Popular (BPOP) shares could rise 30%, Barron's says
Pfizer (PFE) shares look cheap, Barron's says
Starbucks (SBUX) shares could fall, Barron's says
Don't listen to bears about Apple (AAPL), Barron's says
SYNDICATE
American Assets Trust (AAT) sells 400K shares at $33.76 in a private placement
InnerWorkings (INWK) files to sell 4.84M shares for holders
Marathon Patent Group (MARA) files to sell 1.32M shares for holders
Smith Micro (SMSI) files to sell 6.85M shares for holders
Average:
0
Your rating: None
Pre Market Movers
Top Gaining Stocks
Price %Change
MAGS Magal Security Sy... 5.60 16.42%
HALO Halozyme Therapeu... 10.20 8.51%
TWGP Tower Group Inter... 2.41 8.07%
LTRX Lantronix Inc. 2.30 6.98%
OTIV On Track Innovati... 4.05 6.58%
RWLK Rewalk Robotics L... 27.25 6.45%
PULS Pulse Electronics... 2.85 6.34%
RUSS Direxion Daily Ru... 12.12 6.32%
HZNP Horizon Pharma In... 12.50 5.84%
TER Teradyne Inc. 21.28 5.03%
VOYA Voya Financial In... 41.56 5.00%
GOL Gol Linhas Aereas... 6.30 5.00%
CVEO Civeo Corp 26.25 5.00%
BSMX Grupo Financiero ... 14.69 5.00%
VIMC Vimicro Internati... 6.53 4.98%
JNUG Direxion Daily Jr... 17.73 4.85%
YANG Direxion Daily Ft... 14.51 4.69%
TAP Molson Coors Brew... 75.00 4.46%
CODE Spansion Inc. Cl ... 23.00 4.21%
BPOP Popular Inc. 32.50 3.80%
Top Losing Stocks
Price %Change
ARTX Arotech Corporati... 3.01 -19.95%
NETE Net Element Inc. ... 5.10 -10.53%
RUSL Direxion Daily Ru... 14.50 -5.54%
KMDA Kamada Ltd. 4.66 -4.90%
ALXN Alexion Pharmaceu... 156.66 -3.72%
JDST Direxion Daily Jr... 12.89 -3.59%
CREE Cree Inc. 41.37 -3.06%
ACHN Achillion Pharmac... 11.88 -2.46%
NPSP Nps Pharmaceutica... 31.94 -2.32%
ONVO Organovo 7.16 -2.32%
RCPT Receptos Inc. 58.30 -2.30%
HMY Harmony Gold Mini... 2.58 -2.27%
TTPH Tetraphase Pharma... 16.52 -2.25%
EPE EP Energy Corp. 17.14 -2.17%
SYMC Symantec Corp. 24.00 -2.16%
RSX Market Vectors\u0... 24.06 -2.08%
RAX Rackspace Hosting... 37.75 -2.02%
MZOR Mazor Robotics Lt... 13.38 -1.91%
WB Weibo Corp Adr (s... 23.40 -1.72%
DDS Dillards Inc. 111.99 -1.71%
Read more at http://thestockmarketwatch.com/markets/pre-market/#Be7zlLDuFmjLlQUX.99
data:
Empire State Mfg Survey
[Report][djStar]8:30 AM ET
Industrial Production
[Report][Star]9:15 AM ET
4-Week Bill Announcement
[Bullet11:00 AM ET
3-Month Bill Auction
[Bullet11:30 AM ET
6-Month Bill Auction
[Bullet11:30 AM ET
futures -9
good morning
Earnings Preview for the week of September 15 - 19 some of the bigger names include:
Monday:
After Hours - ALOG
Tuesday:
Pre Market - FDS
After Hours - ADBE, APOG, PAHC
Wednesday:
Pre Market - FDX, GIS, LEN, CBRL
After Hours - UNFI, MLHR, PIR, CLC
Thursday:
Pre Market - RAD, CAG, PWE, IHS, MCS
After Hours - ORCL, RHT, TIBX
TRADER RADAR for the WEEK OF 9/15 to 9/19 EARNINGS and ECONOMIC
Monday, September 15
US Economics (Time Zone: EDT)
08:30 Empire Manufacturing (Sep) - expected 16.00, prior 14.69
09:15 Industrial Production (Aug) - exp 0.3%, prior 0.4%
09:15 Capacity Utilization - exp 79.3%, prior 79.2%
11:00 Fed buying $950M-$1.15b Treasuries in 25 to 30-year range
11:30 Treasury to sell $24b 3-month bills, $23b 6-month bills
Global Economics (Time Zone: GMT)
09:00 EUR Eurozone Trade Balance
Earnings
No reports scheduled
Tuesday, September 16
US Economics (Time Zone: EDT)
08:30 Producer Price Index Final Demand (Aug) YoY - expected 1.8%, prior 1.7%
-- MoM exp 0.0%, prior 0.1%
08:30 PPI Ex Food & Energy YoY - exp 1.8%, prior 1.6%
-- MoM exp 0.1%, prior 0.2%
4:00 Net Long-term TIC Flows - prior -$18.7B
4:00 Total Net TIC Flows - prior -$153.5B
11:00 Fed buying $2b-$2.5b notes in 7 to 10-year range
11:30 Treasury to sell 4-week bills, $25b 52-week bills
Global Economics (Time Zone: GMT)
08:30 GBP CPI & PPI
09:00 EUR German ZEW Economic Sentiment
5:30am BoJ Kuroda speaks in Osaka
Earnings
After
Adobe Systems (ADBE)
Wednesday, September 17
US Economics (Time Zone: EDT)
07:00 MBA Mortgage Purchase Index
08:30 Consumer Price Index YoY (Aug) - expected 1.9%, prior 2.0%
-- MoM - exp 0.0%, prior 0.1%
08:30 CPI Ex Food & Energy YoY - exp 1.9%, prior 1.9%
-- MoM - exp 0.2%, prior 0.1%
10:00 NAHB Housing Market Index (Sep) - exp 56, prior 55
2:00 FOMC Rate Decision
11:00 Fed to buy $350m-$450m TIPS in 5 to 30-year range
Global Economics (Time Zone: GMT)
08:30 GBP BoE Minutes
08:30 GBP Jobless Claims Change
08:30 GBP ILO Unemployment Rate 3M
09:00 EUR Eurozone CPI (Aug final)
2:45pm BoE's Carney speaks to Parliament
Earnings
Before:
Lennar (LEN)
Fedex (FDX)
After:
Pier 1 Imports (PIR)
General Mills (GIS)
Thursday, September 18
US Economics (Time Zone: EDT)
08:30 Initial Jobless Claims - expected 304K, prior 315K
08:30 Continuing Claims - prior 2487K
08:30 Housing Starts (Aug) - exp 1040K, prior 1093K
08:30 Building Permits - exp 1040K, prior 1052K
10:00 Philly Fed - exp 23.0, prior 28.0
12:00 Household Change in Net Worrth (2Q)
11:00 Fed to purchase $250m-$350m Treasuries in 10 to 17-year range
1:00 Treasury selling $13b 10-year TIPS (reopening)
Fedspeak
8:45am Yellen (dove, chair) speaks in Washington
Global Economics (Time Zone: GMT)
NZD GDP
JPY Trade Balance
01:30 CNY China August Property Prices
07:30 CHF SNB Rate Decision
08:30 GBP Retail Sales
7:35am Kuroda speaks in Tokyo
Earnings
Before:
ConAgra (CAG)
After:
Oracle (ORCL)
TIBCO Software (TIBX)
RiteAid (RAD)
RedHat (RHT)
Friday, September 19
US Economics (Time Zone: EDT)
10:00 Leading Index (Aug) - expected 0.4%, prior 0.9%
Global Economics (Time Zone: GMT)
Japan Investors Purchases of Foreign Bonds/Stocks
04:30 JPY All Industry Activity Index (Jul)
06:00 EUR German PPI
12:30 CAD CPI
7:05am BoJ's Kuroda speaks
Earnings
No reports scheduled
$VNET ~ +$1,114....couple of scalps...should have held longer....really nice runner
$VNET ~ +$1,114....couple of scalps...should have held longer....really nice runner pic.twitter.com/1fWQa1GhII
— sdh (@sdh_ihub) September 12, 2014
Frontrunning:
Russia faces new U.S., EU sanctions over Ukraine crisis (Reuters)
Glasgow pulls no punches in welcome to 'Save the Union Express' (Guardian)
Pound Seen Tumbling Up to 10% on Scottish Yes Vote (BBG)
Moscow stifles dissent as soldiers return in coffins (Reuters)
Ukraine's leader sees no military solution of crisis, eyes reforms (Reuters)
Venezuela Threatens Harvard Professor for Default Comment (BBG)
Australia Raises Terror Alert to Highest Level in a Decade (BBG)
Activist Investors Build Up Their War Chests (WSJ)
Russians Skip Riviera Jaunt as Sanctions Ground Private Jets (BBG)
Yahoo Faced Big U.S. Fines Over User Data (BBG)
Why Musk Is Building Batteries in a Desert When No One Is Buying (BBG)
Madoff Son Andrew Leaves More Than $15 Million in Will (BBG)
Allies Pledge to Help U.S. Fight Islamic State (WSJ)
Sanctions Over Ukraine Put Exxon at Risk (WSJ)
Wall Street watchdog to pick insider as arbitration head - source (Reuters)
Overnight Media Digest
WSJ
* Washington's international allies didn't make clear how far they would go to join military operations even as they pledged their support. (http://on.wsj.com/X0Z7ts)
* Sanctions against Russia put Exxon in the middle of U.S. foreign policy and threaten to hurt one of the company's best chances to find significant, and much needed, amounts of crude oil. (http://on.wsj.com/1rYORjN)
* The Treasury Department is monitoring U.S. banks that are shifting some trading operations overseas to avoid tough U.S. swaps rules, according to a department official. (http://on.wsj.com/YBNsTz)
* A number of the largest activists are raising billions of dollars, in an effort to take advantage of their increasing clout in boardrooms and above-average hedge-fund returns. (http://on.wsj.com/1qOCbbr)
* Starboard Value said it would take a number of steps to boost the value of Darden Restaurants, owner of Olive Garden, if the activist hedge fund wins control of the entire board. (http://on.wsj.com/1sxfDxL)
* Americans living abroad are being cut off by banks and brokerages as financial institutions seek to steer clear of a U.S. crackdown on money laundering and tax evasion. (http://on.wsj.com/1rQVPRV)
* Verizon Communications Inc could launch a digital video service over the Internet by the middle of next year, Chief Executive Lowell McAdam said at an investor conference on Thursday. (http://on.wsj.com/1uqrXAp)
FT
Savings and insurance firm Engage Mutual said it plans to merge with Family Investments, provider of child trust funds. The combined business is expected to have 2 million customers and 6 billion stg ($9.74 billion) of assets.
Banco Espirito Santo SA secretly loaned money to its 25 percent shareholder, Espirito Santo International, through ES Bank Panama for two years.
Air France KLM SA's chief executive threatened to stop the development of the Franco-Dutch airline group's budget carrier in France and its expansion in Europe, if Transavia France does not reach an agreement with the French pilots, before the strike next week.
German taxi drivers hired a driver from Uber, the app-enabled car service, as a part of the sting operation, to serve an injunction backed by threat of six month jail sentence or a fine of 25000 euros.
Manufacturing company Weir Group PLC said it would consider relocating its headquarters in the event of a "yes" vote in the Scotland independence referendum next week.
NYT
* The U.S. government was so determined to collect the Internet communications of foreign Yahoo customers in 2008 that it threatened the company with fines of $250,000 a day if it did not immediately comply with a secret court order to turn over the data. The threat, which was made public Thursday as part of about 1,500 pages of previously classified documents that were unsealed by a federal court, adds new details to the public history of a fight that unfolded in secret at the time. (http://nyti.ms/WQtemY)
* RadioShack Corp, the struggling electronics retailer that is quickly running out of cash, said on Thursday that it might have to file for bankruptcy protection, or even liquidate, if it cannot arrange a lifeline. (http://nyti.ms/1uyuqbo)
* Chinese regulators fined Volkswagen AG and Fiat's Chrysler for violating antitrust laws, announcing on Thursday the first monetary penalties against large multinational carmakers swept up in a broad investigation. The fines, which totaled $46 million, were the latest in a series of tough measures by China against what it considers monopolistic practices. (http://nyti.ms/1tOxwdm)
* Subprime lenders have surprised everyone in recent years by churning out billions of dollars in loans that have not led to a pileup of bad debts. But this month, some signs have appeared that suggest subprime lenders are pushing this spree to the limit. The problems are occurring when they extend credit to particularly risky borrowers or make loans that are harder to repay. (http://nyti.ms/YC2o40)
* For the banks and credit card networks, Apple Pay could threaten some revenue streams, as the technology giant looks to assume a more central role in the financial universe. But the eager participation of banks and card companies suggests both Apple Inc's clout, and the recognition among financial institutions that they face broader challenges from upstart technology ventures, many of which are not as eager or willing as Apple to work with the incumbent financial industry. (http://nyti.ms/1AEL8Xt)
Canada
THE GLOBE AND MAIL
** World oil prices sank to their lowest intraday level in more than two years on Thursday after the West's energy security watchdog cut its forecast for demand growth, threatening the earnings momentum that had returned to the Canadian oil patch. The International Energy Agency said in its September oil market report that economic weakness in Europe and China prompted it to temper its outlook for global oil demand in 2014 and 2015. (http://bit.ly/1nPUidE)
** It could be as long as a week before Toronto Mayor Rob Ford has a diagnosis for the tumor in his abdomen and a course of treatment is determined, news that continues to leave his political future in question. Zane Cohen, a colorectal surgeon and director of the Zane Cohen Centre for Digestive Diseases at Toronto's Mount Sinai Hospital, said Ford had a mass in his lower abdomen and would continue to undergo tests Friday. (http://bit.ly/1qMm9Pn)
** The roughly 70 special forces soldiers Canada is deploying to Iraq have yet to start their mission, but these elite troops would be able to teach Kurdish fighters everything from marking targets for air strikes to operating high-tech communications gear. Stephen Harper has committed Canadian soldiers to Iraq for a 30-day assignment, although it is widely believed Ottawa will ultimately extend what the government insists is not a combat mission. (http://bit.ly/1uqPwt2)
NATIONAL POST
** If there are worries about falling oil prices, Canadian companies aren't showing it. At a panel discussion about the oil sands at an energy conference this week in Toronto, companies seemed more concerned about pipeline shortages and acquiring 'social licenses' than the weakening price of a barrel of crude. "Commodity price remains the largest risk overall, but we are generally mostly bullish on the price of oil given the growth and demand outside of North America," Ivor Ruste, chief financial officer at Cenovus Energy Inc, said in an interview. (http://bit.ly/1qMyYdY)
** The Canadian government proposes to slash public servants' paid sick leave to five days a year and introduce an unpaid seven-day waiting period before they qualify for new short-term disability benefits. Treasury Board negotiators presented the government's long-awaited bargaining position on a new sick-leave regime late Wednesday at closed-door talks with the giant Public Service Alliance of Canada. (http://bit.ly/1xQh5jb)
** At 4 a.m. Tuesday, a ring of police officers roused Antonio Coluccio from slumber inside a house in Siderno, a village on Italy's picturesque coast that has stubbornly remained a stronghold for the Mafia, arresting him - again - and putting another dent in his hope of returning to his home and family in Canada. Coluccio, 44, lived in Richmond Hill, north of Toronto, until he was pressured to leave in 2010 by Canada's immigration authorities who said he was involved in organized crime, accusations he denied. (http://bit.ly/1syxrIR)
China
CHINA SECURITIES JOURNAL
- The combined daily transaction volume at the Shanghai and Shenzhen stock exchanges increased to 431.4 billion yuan ($70.38 billion) on Thursday, the highest level in nearly four years, on the back of a running rally.
SHANGHAI SECURITIES NEWS
- CNOOC Ltd is trying to offload its 50 percent stake in AEGON-CNOOC Life Insurance Co Ltd for auction to potential buyer Tsinghua Tongfang Co Ltd. AEGON-CNOOC posted a net loss of 92.5 million yuan ($15.09 million) in 2013.
CHINA DAILY
- President Xi Jinping said China and Russia should begin early work on a natural gas pipeline project and increase bilateral energy cooperation when he met his Russian counterpart, Vladimir Putin on the sidelines of the summit of the Shanghai Cooperation Organization on Thursday.
- More than 100 internet companies in Beijing signed a pledge to identify and prevent the transmission of illegal and improper information online.
SHANGHAI DAILY
- China's bank-card consumer confidence index hit the lowest level since the beginning of 2013 in August amid the country's sluggish macro-economic situation, China UnionPay Co said in a report on Thursday.
PEOPLE'S DAILY
- President Xi Jinping proposed to build an economic corridor linking China, Mongolia and Russia during a meeting of the three heads of state on the sidelines of the 14th summit of the Shanghai Cooperation Organization Thursday.
Britain
The Times
NORTH KOREA COMES OUT FOR SCOTLAND'S SALMOND
The Yes campaign in Scotland received an unlikely ally yesterday when it emerged that North Korea was quietly backing the independence movement. The country often described as the hermit kingdom is allegedly keen to increase trade with an independent Scotland, according to officials of the Pyongyang regime. (thetim.es/Ziqcty)
NEW RUSSIA SANCTIONS SET TO HIT BP AND EXXONMOBIL
BP and ExxonMobil could be caught up in the escalating trade war between Russia and the West today when a fresh round of economic sanctions are announced. (thetim.es/1pUeZ7S)
The Guardian
'POISON PILL' PRIVATISATION CONTRACTS COULD COST 300 MLN STG-400 MLN STG TO CANCEL
Taxpayers will face a 300 million stg ($487.56 million) to 400 million stg penalty if controversial probation privatisation contracts are cancelled after next May's general election under an "unprecedented" clause that guarantees bidders their expected profits over the 10-year life of the contract. (bit.ly/1sv6SUP)
INDEPENDENT SCOTLAND 'FACES DOUBLING OF BBC LICENCE FEE
The BBC is under political pressure to reveal details of a highly charged internal study which found that viewers in an independent Scotland would have to pay almost double their current licence fee if they wanted to continue watching and listening to the same BBC shows. (bit.ly/YBmtHH)
The Telegraph
JUDGE THOKOZILE MASIPA RIPS APART PROSECUTION CASE AGAINST OSCAR PISTORIUS FOR MURDER OF REEVA STEENKAMP
Judge Thokozile Masipa, who tried the Oscar Pistorius case without a jury, said prosecutors had failed to prove beyond reasonable doubt that Pistorius intended to kill his girlfriend at his Pretoria home on Valentine's Day last year. (bit.ly/1tO5xu8)
SCOTLAND'S ALEX SALMOND GOES TO WAR WITH BBC OVER RBS 'LEAK'
An irate Alex Salmond today declared war on the BBC after the Corporation disclosed Royal Bank of Scotland Group's decision to move its headquarters to England if there is a Yes vote. (bit.ly/X3ePEr)
Sky News
NEW POLL GIVES 'NO' SMALL LEAD IN SCOTLAND VOTE
The Better Together campaign in Scotland is retaining a marginal lead, according to a new poll that puts No on 52 percent and Yes on 48 percent. The YouGov poll of 1,300 people on the issue of Scottish independence for The Sun and The Times was taken over Tuesday to Thursday. (bit.ly/1tDOlnz)
AMAZON TO CREATE THOUSANDS OF JOBS IN LONDON
Amazon has announced plans to open a new London office with the potential for more than 3,000 extra jobs. The online retailer, which already employs 1,700 people in its existing UK offices, said its main corporate office would switch to a building in Shoreditch in 2017. (bit.ly/WZhlLT)
The Independent
SCOTTISH INDEPENDENCE: PRICES WILL RISE WITH YES VOTE, JOHN LEWIS BOSS WARNS
Prices in Scottish branches of John Lewis, Waitrose and Next are likely to be higher than in the rest of the UK if the country votes to become independent next week. (ind.pn/1pUs29f)
SPORTS DIRECT TO BE SUED BY ZERO-HOUR WORKERS AFTER THEY MISS OUT ON A £160M BONUS
Workers at the Sports Direct chain of stores who were left out of a 160 million stg bonus scheme because they are on zero-hour contracts are preparing to take legal action. (ind.pn/1paomAl)
Fly On The Wall Pre-market Buzz
ECONOMIC REPORTS
Domestic economic reports scheduled for today include:
Retail sales for August at 8:30--consensus up 0.6%
Import prices for August at 8:30--consensus down 0.9%
University of Michigan consumer confidence for September--consensus 83.3
Business inventories for July at 10:00--consensus up 0.4%
ANALYST RESEARCH
Upgrades
Cedar Realty Trust (CDR) upgraded to Buy from Hold at KeyBanc
Genuine Parts (GPC) upgraded to Buy from Hold at BB&T
Inland Real Estate (IRC) upgraded to Buy from Hold at KeyBanc
Littelfuse (LFUS) upgraded to Outperform from Perform at Oppenheimer
Netflix (NFLX) upgraded to Equal Weight from Underweight at Barclays
Noranda Aluminum (NOR) upgraded to Buy from Neutral at Goldman
OCI Partners (OCIP) upgraded to Buy from Neutral at Citigroup
Ramco-Gershenson (RPT) upgraded to Buy from Hold at KeyBanc
Sprint (S) upgraded to Market Perform from Underperform at Cowen
The Advisory Board (ABCO) upgraded to Outperform from Market Perform at Wells Fargo
Downgrades
Annie's (BNNY) downgraded to Sector Perform from Outperform at RBC Capital
DDR Corp. (DDR) downgraded to Neutral from Buy at UBS
Investors Real Estate (IRET) downgraded to Underperform at RBC Capital
OCI Resources (OCIR) downgraded to Neutral from Buy at Citigroup
PMFG (PMFG) downgraded to Market Perform from Outperform at William Blair
Initiations
Acuity Brands (AYI) initiated with an Outperform at Cowen
Aerohive Networks (HIVE) initiated with an Equal Weight at Morgan Stanley
Alibaba (BABA) initiated with an Outperform at Wedbush
Allison Transmission (ALSN) initiated with a Positive at Susquehanna
AmSurg (AMSG) initiated with a Buy at KeyBanc
Aruba Networks (ARUN) initiated with an Equal Weight at Morgan Stanley
Aviv REIT (AVIV) initiated with a Buy at Stifel
CareTrust REIT (CTRE) initiated with a Hold at Stifel
Chart Industries (GTLS) initiated with a Market Perform at Cowen
Community Health (CYH) initiated with an Outperform at Leerink
Cree (CREE) initiated with a Market Perform at Cowen
Dollar General (DG) initiated with a Buy at UBS
Dollar Tree (DLTR) initiated with a Buy at UBS
Epizyme (EPZM) initiated with a Buy at Mizuho
Family Dollar (FDO) initiated with a Neutral at UBS
HCA Holdings (HCA) initiated with an Outperform at Leerink
Hanesbrands (HBI) initiated with a Buy at Wunderlich
Itron (ITRI) initiated with a Market Perform at Cowen
L Brands (LB) initiated with a Buy at Wunderlich
LifePoint Hospitals (LPNT) initiated with a Market Perform at Leerink
Maxwell (MXWL) initiated with an Outperform at Cowen
Methanex (MEOH) initiated with a Buy at Citigroup
NewLink Genetics (NLNK) initiated with a Buy at Mizuho
PVH Corp. (PVH) initiated with a Buy at Wunderlich
Pacific Ethanol (PEIX) initiated with an Outperform at Cowen
Performance Sports Group (PSG) initiated with an Outperform at Imperial Capital
Perry Ellis (PERY) initiated with a Buy at Wunderlich
Polypore (PPO) initiated with an Outperform at Cowen
Ruckus Wireless (RKUS) initiated with an Underweight at Morgan Stanley
Salix (SLXP) initiated with an Underperform at Credit Suisse
Silver Spring Network (SSNI) initiated with an Outperform at Cowen
Streamline Health (STRM) initiated with a Market Perform at Cowen
Synchrony Financial (SYF) initiated with a Neutral at UBS
Tenet (THC) initiated with a Market Perform at Leerink
Ubiquiti Networks (UBNT) initiated with an Equal Weight at Morgan Stanley
Universal Health (UHS) initiated with an Outperform at Leerink
Vitesse (VTSS) initiated with a Buy at Ascendiant
Volaris (VLRS) initiated with an Equal Weight at Barclays
COMPANY NEWS
Hertz (HTZ) reached an agreement-in-principle with Carl Icahn to add three directors to its board
Alliance Data (ADS) to acquire Conversant (CNVR) for $35 per share, or $2.3B
Starboard releases detailed transformation plan for Darden (DRI), which includes a company-wide operational improvements designed to generate more than $300M in EBITDA improvements; a turnaround plan for Olive Garden; a value enhancing strategy for Darden's real estate assets; a separation of concepts into the most logical groupings; and a new franchising program believes transformation plan can unlock $19-$38 per share in value
U.S. had threatened Yahoo (YHOO) with $250,000/day fine over not providing user data
Barclays (BCS) said John McFarlane to succeed David Walker as chairman
Lexicon's (LXRX) publication of Phase 2b study showed LX4211 provides a meaningful benefit for patients with type 2 diabetes
EARNINGS
Companies that beat consensus earnings expectations last night and today include:
Sportsman's Warehouse (SPWH), Ulta Salon (ULTA)
Companies that missed consensus earnings expectations include:
Intrawest Resorts (SNOW)
Companies that matched consensus earnings expectations include:
Green Bancorp (GNBC)
NEWSPAPERS/WEBSITES
Dollar General (DG) waiting on FTC feedback for Family Dollar (FDO) deal, NY Post reports (DLTR)
Verizon (VZ) could launch digital video service by mid-2015, WSJ reports
Applied Materials (AMAT)/Tokyo Electron filing doesn't satisfy MofCom, Bloomberg says
General Motors (GM) issues 'stop delivery' order for new Corvettes, WSJ reports
Citi's (C) Diners Club attracts attention of banks in Japan, Bloomberg reports
Apple's (AAPL) website crashes as users look to pre-order iPhone 6, BI reports
Sprint (S) CEO says looking for partnerships to broaden scale, Reuters reports
Sell lululemon (LULU) during rally, Barron's says
SYNDICATE
HD Supply (HDS) announces sale of 20M shares by holders
Health Care REIT (HCN) files to sell 15.5M shares of common stock
Inventure Foods (SNAK) 3.59M share Secondary priced at $12.85
TriNet (TNET) 12M share Secondary priced at $25.50
Average:
0
Your rating: None
Pre Market Movers
Top Gaining Stocks
Price %Change
CNVR Conversant Inc. 35.13 31.52%
ULTA Ulta Salon Cosmet... 114.00 16.95%
ASTI Ascent Solar Tech... 3.83 15.71%
XPO Xpo Logistics 37.20 9.25%
OXGN Oxigene Inc. 2.44 6.55%
SCOK Sinocoking Coal a... 6.69 6.36%
RMTI Rockwell Medical ... 10.60 5.05%
NSLP New Source Energy... 25.29 5.02%
ACAD Acadia Pharmaceut... 28.82 4.91%
VNET 21vianet Group In... 16.28 4.90%
HTZ Hertz Global Hold... 29.00 4.50%
RADA Rada Electronics ... 3.80 4.11%
CRTO Criteo S.a. Adr (... 36.50 3.72%
PT Portugal Telecom ... 2.27 3.65%
OREX Orexigen Therapeu... 5.47 3.60%
SGOC Sgoco Group Ltd 2.36 3.51%
DRI Darden Restaurant... 49.95 3.44%
EFOI Energy Focus Inc ... 8.54 3.39%
TKMR Tekmira Pharmaceu... 20.49 3.22%
SCHB Schwab U.s. Broad... 50.00 2.77%
Top Losing Stocks
Price %Change
ACHN Achillion Pharmac... 12.02 -5.13%
IPGP Ipg Photonics Cor... 65.50 -4.81%
MBLY Mobileye NV Amste... 52.01 -4.08%
HCN Health Care Reit ... 64.00 -3.74%
DDR Ddr Corp 17.24 -3.25%
RKUS Ruckus Wireless 14.65 -3.17%
SDRL Seadrill Ltd. 31.93 -2.74%
GFI Gold Fields Ltd. ... 4.30 -2.05%
IAG Iamgold Corp. 3.39 -2.02%
NUGT Direxion Daily Go... 33.35 -1.71%
JNUG Direxion Daily Jr... 17.93 -1.54%
CTIC Cti Biopharma Cor... 2.63 -1.50%
HMY Harmony Gold Mini... 2.67 -1.48%
HUN Huntsman Corp. 28.50 -1.32%
BDSI Biodelivery Scien... 17.64 -1.23%
GDXJ Market Vectors\u0... 38.04 -1.17%
GOLD Randgold Resource... 75.82 -1.08%
CBS Cbs 57.52 -1.05%
RIG Transocean 37.00 -0.99%
ALU Alcatel-lucent Ad... 3.34 -0.89%
Read more at http://thestockmarketwatch.com/markets/pre-market/#fbZp3V2QCMqctWKT.99
data:
Retail Sales
[Report][Star]8:30 AM ET
Import and Export Prices
[Report][djStar]8:30 AM ET
Consumer Sentiment
[Report][djStar]9:55 AM ET
Business Inventories
[Report][djStar]10:00 AM ET
tell me where to ship the bottle....
good morning.....hope all is well!
was a nasty hold that tied up lots of capital for months....but it's over...
$WB ~ finally out +$7,253.07 ..... drinks on me! pic.twitter.com/DsiNCdrlDp
long, long ass hold.....
$WB ~ finally out +$7,253.07 ..... drinks on me! pic.twitter.com/DsiNCdrlDp
— sdh (@sdh_ihub) September 11, 2014
Pre Market Movers
Top Gaining Stocks
Price %Change
LULU lululemon athleti... 44.14 14.98%
JDSU Jds Uniphase Corp... 13.75 13.59%
SIGM Sigma Designs Inc... 5.65 13.00%
BOFI Bofi Holding Inc.... 83.72 10.17%
VNET 21vianet Group In... 21.90 8.85%
RMTI Rockwell Medical ... 10.13 8.69%
VRS Verso Paper Corp.... 3.50 8.02%
DGLY Digital Ally Inc.... 23.60 7.13%
RCON Recon Technology ... 4.90 6.29%
PRAN Prana Biotechnolo... 2.60 4.84%
JDST Direxion Daily Jr... 14.11 4.83%
AIXG Aixtron SE 13.08 4.64%
RUSS Direxion Daily Ru... 11.25 4.17%
FLEX Flextronics Inter... 11.50 4.07%
DWTI VS 3X Inv Wti Cru... 32.50 3.73%
PT Portugal Telecom ... 2.20 3.29%
SIRI Sirius XM Radio I... 3.72 2.90%
EMC Emc Corp. 30.25 2.54%
EDZ Direxion Daily Em... 29.19 2.13%
ARCC Ares Capital Corp... 17.00 2.04%
Top Losing Stocks
Price %Change
EOPN E2open Inc. 11.50 -26.33%
INVE Identiv Inc. 17.35 -11.30%
CAAS China Automotive ... 9.11 -8.81%
ASTM Aastrom Bioscienc... 2.72 -7.17%
COUP Coupons.com Inc 14.10 -6.31%
JNUG Direxion Daily Jr... 16.27 -5.02%
VNM Market Vectors\u0... 21.78 -5.02%
RUSL Direxion Daily Ru... 15.51 -4.90%
BRZU Direxion Daily Br... 25.22 -4.00%
CSUN China Sunergy Co.... 3.45 -3.90%
OTIV On Track Innovati... 3.43 -3.38%
VIPS Vipshop Holdings ... 200.00 -3.19%
KMDA Kamada Ltd. 4.91 -3.16%
NBR Nabors Industries... 24.00 -3.15%
DNOW Now Inc 31.00 -2.94%
IFN India Fund Inc. 26.76 -2.90%
NUGT Direxion Daily Go... 32.39 -2.88%
CROX Crocs Inc. 14.64 -2.66%
NETE Net Element Inc. ... 3.70 -2.63%
HMY Harmony Gold Mini... 2.62 -2.60%
Read more at http://thestockmarketwatch.com/markets/pre-market/#IIIoUJP1YPeiYVYj.99
data:
Weekly Bill Settlement
Jobless Claims
[Report][Star]8:30 AM ET
Bloomberg Consumer Comfort Index
[Bullet9:45 AM ET
Bloomberg Consumer Comfort Index
[Bullet9:45 AM ET
Bloomberg Consumer Comfort Index
[Bullet9:45 AM ET
Quarterly Services Survey
[Bullet10:00 AM ET
EIA Natural Gas Report
[Bullet10:30 AM ET
3-Month Bill Announcement
[Bullet11:00 AM ET
6-Month Bill Announcement
[Bullet11:00 AM ET
52-Week Bill Announcement
[Bullet11:00 AM ET
10-Yr TIPS Announcement
[Bullet11:00 AM ET
30-Yr Bond Auction
[Bullet1:00 PM ET
Treasury Budget
[Report][djStar]2:00 PM ET
Fed Balance Sheet
[Bullet4:30 PM ET
Money Supply
[Bullet4:30 PM ET
futures -63
remember today....never forget
good morning
Frontrunning:
British PM begs Scots: Don't rip apart our UK 'family of nations' (Reuters)
Obama has become Bush: Obama’s Task: Rally U.S. Public, Allies in Terror Fight (BBG)
Alibaba's record IPO covered after first few roadshow meetings (Reuters)
Ferrari chairman Luca Di Montezemolo to quit after 23 years (BBC)
Combat Reversals Pressure Assad (WSJ)
Top LBO Fund Investors Pile on Leverage to Boost Returns (BBG)
BOJ's Iwata upbeat on economy, unfazed by post-tax hike slump (Reuters)
Carney Can’t Escape Housing as Debt Colors BOE Policy (BBG)
Detroit Clears Crucial Hurdle on Bankruptcy (NYT)
Kerry in Iraq to back government, build support against Islamic State (Reuters)
Ahead of speech, Obama briefs Congress on Islamic State strategy (Reuters)
Microsoft Near Deal to Buy Minecraft Maker Mojang (WSJ)
Intel's CEO says its costly tablet chip strategy has paid off (Reuters)
Lower Manhattan Revival Nears Culmination After 13 Years (BBG)
The Curious Case of an 'Oxford' Man (WSJ)
Dollar General Launches Tender Offer for Family Dollar Shares (WSJ)
Overnight Media Digest
WSJ
* Syrian President Bashar al-Assad, who four months ago seemed on the verge of defeating rebel forces, is now mired in defensive battles on several fronts, complicating efforts to fight the Islamic State militant group. (http://on.wsj.com/1wfBolG)
* Apple Inc was not the first company to make a smartphone or a tablet computer. But its iPhone and iPad redefined those products. Now, Apple is betting that it again can succeed where others have struggled. Apple Chief Executive Tim Cook Tuesday introduced a new payments system for mobile devices, a series of smartwatches and a pair of larger iPhones. The new digital-payments service, Apple Pay, will let users buy merchandise simply by waving a newer iPhone or Apple Watch in front of a reader. Apple said it hopes to speed up the checkout process and, ultimately, to replace physical wallets. (http://on.wsj.com/1tJguxj)
* Microsoft Corp is in serious discussions to buy Mojang AB, the Swedish company behind the popular "Minecraft" video game, according to a person with knowledge of the matter. (http://on.wsj.com/1qDItMf)
* Dollar General Corp plans to take its $9 billion offer to buy Family Dollar Inc directly to its rival's shareholders Wednesday, in an attempt to pull off a hostile takeover after its offer was rejected by its target's board. (http://on.wsj.com/1p53V7O)
* A nationwide showdown between activists and universities over investments in coal, oil and gas intensified Tuesday after a University of California task force abruptly pulled back a draft recommendation not to sell its fossil-fuel holdings. (http://on.wsj.com/1BqVLPK)
* New developments in negotiations over taxes could signal improving prospects for legislation to restrict inversion deals, as lawmakers seek bipartisan solutions to address growing problems in the U.S. tax system. (http://on.wsj.com/YvjujS)
* Target Corp's new Chief Executive Brian Cornell plans to double down on just a handful of departments like baby products and fashion, a strategic shift as the discounter works to bring shoppers back to its stores and better compete with online rivals. (http://on.wsj.com/1qKno1m)
* U.S. commodity regulators took long-awaited steps to make it easier for hedge funds and other firms to raise cash by publicly advertising stakes in their funds. The Commodity Futures Trading Commission late Tuesday eased long-standing marketing restrictions on so-called private offerings by hedge funds and other funds sold only to wealthy investors, a move aimed at aligning the CFTC's restrictions with similar rules set by the Securities and Exchange Commission. (http://on.wsj.com/1xGn4qI)
* Nissan Motor Co Ltd said on Wednesday that it had named Roland Krüger, a BMW executive, as head of its Infiniti luxury car division, moving swiftly to fill one of the positions left vacant by the pending departure of Andy Palmer, a top Nissan manager. (http://on.wsj.com/1wfzP7r)
* Citigroup Inc Chief Executive Michael Corbat, flanked by Mexican President Enrique Pena Nieto and top Banamex executives, said Citigroup would spend $1.5 billion over four years to improve technology systems and back-office support, while also expanding loans in Mexico, the bank's second-largest market outside the United States. (http://on.wsj.com/1p4cW11)
* Trump Entertainment Resorts Inc, which owns two Atlantic City casinos bearing Donald Trump's name, filed for Chapter 11 bankruptcy protection. The Trump Plaza already was slated to close next week, and executives for the Trump Taj Mahal warned the property could close in November unless it receives concessions from its workers. (http://on.wsj.com/1wflCHq)
* Comcast Corp reached an agreement to carry Univision Communications Inc's sports channel, the companies said Tuesday, removing a source of friction that had fueled complaints from Univision about Comcast's proposed acquisition of Time Warner Cable Inc. (http://on.wsj.com/1qDOzwh)
FT
Carmaker Renault SA and French billionaire Vincent Bollore, which will work as a team to make electric cars, said they will carry out a feasibility study for Renault to make electric cars using Ballore's batteries.
Bank of England governor Mark Carney said on Tuesday that all main parties in Westminster ruled out currency union between an independent Scotland and the rest of the UK.
America Movil SAB and Oi SA said they are in talks to bid for telecom group Telecom Italia SpA.
Politico has signed a joint venture with German publisher Axel Springer SE to expand its brand of political coverage to Europe, the company said.
UK coffee chain Costa Coffee aims to expand its presence in France with 10 stores by the end of February in addition to the eight outlets already opened in Paris.
NYT
* The fiercest opponent to Detroit's blueprint for erasing its debts and investing in city services has reached an "agreement in principle" with city officials, court documents filed Tuesday evening showed. The tentative settlement with Syncora Guarantee, a bond insurer that said its exposure in Detroit amounted to hundreds of millions of dollars, came suddenly, a week into a trial aimed at allowing Detroit, the largest American city ever to file for bankruptcy, to remake its finances and start over. (http://nyti.ms/1AwQ2pk)
* Microsoft Corp is in advanced talks to acquire the maker of the game Minecraft for more than $2 billion, people briefed on the discussions said on Tuesday. The move was intended to ensure that one of the most popular games was available for the computing giant's family of devices. (http://nyti.ms/1xFUMg4)
* Apple Inc on Tuesday introduced a highly anticipated smartwatch, which combines health and fitness monitoring with mobile computer capabilities like maps. The company also introduced two iPhones with larger screens. (http://nyti.ms/1nJDAwI)
* The chairman of the Federal Communications Commission warned the wireless phone industry on Tuesday that the commission was seriously considering subjecting mobile carriers to the same net neutrality regulations as providers of wired Internet service. (http://nyti.ms/1lUHmIn)
* As Google Inc seeks expert advice on how to carry out its "right to be forgotten" court order in Europe, the company went to Spain on Tuesday, where it began a seven-city European tour of public meetings, hearing views from privacy-rights proponents, freedom-of-information advocates and members of the public about the best ways to remove search-engine links to information that petitioners contend is intrusive and no longer relevant. (http://nyti.ms/WQAq31)
Canada
THE GLOBE AND MAIL
** Senior executives of Southwest Airlines Co are sending strong signals that they're preparing to enter the Canadian market, although cities in Canada are among 50 new destinations the airline is still considering. (http://bit.ly/1pOsNkh)
** A Parks Canada-led team has found a ship lost in the doomed Franklin expedition to unlock the Arctic nearly 170 years ago, the fruit of a search championed by Prime Minister Stephen Harper in his efforts to forge a Conservative brand of Canadian nationalism. The Prime Minister, who has styled his government a defender of Ottawa's claim to the Arctic, described the expedition as having laid the foundation for Canadian sovereignty in the region. (http://bit.ly/1wenCCD)
** The Health Canada-funded Canadian Centre on Substance Abuse is calling for a broad review of marijuana policy, including a closer look at the impact of legalization south of the border in Colorado and Washington. (http://bit.ly/1CQVxDc)
NATIONAL POST
** Cenovus Energy Inc and Canadian Natural Resources Ltd are considering divesting from their free land assets after the overwhelming success of Encana Corp's spin-off unit, the companies said on Tuesday. On Monday, Encana sold its remaining 70.2 million shares of PrairieSky Royalty Ltd for C$2.6-billion, only months after offloading 54 percent of the unit in a C$1.67-billion initial public offering. (http://bit.ly/WHS20B)
** Trailing far behind the pack, Sarah Thomson dropped out of Toronto mayor's race on Tuesday and called on the city and other candidates to coalesce around one person to oust Mayor Rob Ford. She said she will endorse whoever has the best chance of beating the mayor in the days leading up to the Oct. 27 vote. (http://bit.ly/1uvFYvO)
** Battling Islamic extremism represents the "greatest struggle of our generation," Foreign Affairs Minister John Baird told a joint House of Commons committee on Tuesday as the government revealed some Canadian troops are already inside Iraq. (http://bit.ly/1uvFhCR)
China
CHINA SECURITIES JOURNAL
- Xiang Junbo, chairman of the China Insurance Regulatory Commission, said the commission will make efforts to cut taxes in the insurance sector, which will help free up some 8 trillion yuan ($1.30 trillion) that can be used for urbanisation.
SHANGHAI SECURITIES NEWS
- Carbon fibre, rare earth and high-temperature resistant metallic materials may soon be included in the list of resources supported by the government, according to a source close to the Ministry of Industry and Information Technology. The government is considering a comprehensive framework, including subsidies, risk management and an improved tax system to support the development of the sector.
SECURITIES TIMES
- The China Banking Regulatory Commission Chairman Shang Fulin said the commission will set up a new method to evaluate the liability and management of commercial banks.
SHANGHAI DAILY
- Subdued buying sentiment continued to cloud Shanghai's housing market in the first week of September despite the arrival of the traditional high season for property sales. The purchases of new homes, excluding government-subsidised housing, dropped 35.4 percent from a week earlier to 136,600 square metres, Shanghai Uwin Real Estate Information Services said in a report.
- Premier Li Keqiang said that recent anti-trust probes had not targeted specific firms or industries, and that foreign companies accounted for just 10 percent of those involved. By increasing monitoring, China has tried to cultivate a fair and competitive business climate, he told a group of business leaders ahead of the Summer Davos forum.
CHINA DAILY
- China plans to establish a security fund for its trust industry, which has about $2 trillion under management, as repayment risks accumulate. The fund, to be established by the China Trustee Association and its members, will monitor industry risks and participate in the disposal of assets and restructuring of trust companies that are closed or suspended, the newspaper said, citing people it didn't identify.
Hong Kong
SOUTH CHINA MORNING POST
* Huawei Technologies Co Ltd, China's largest maker of telecommunications equipment, has investigated 116 employees and sent four of them to court over allegations of graft in its consumer and corporate units, according to reports from mainland media Caixin and China Business News. (http://bit.ly/Yv0LVG)
* The Centre for Food Safety is investigating the role of two Hong Kong firms in supplying the Taiwanese company at the centre of the "gutter oil" scandal. (http://bit.ly/1oq8kmp)
* Automobili Lamborghini is experiencing strong demand for its new supercar across the mainland and expects sales to pick up this year despite the crackdown on lavish spending. President Stephan Winkelmann said the Italian luxury carmaker had already received 300 orders for the entry-level Huracan LP 610-4 from the mainland, Hong Kong and Taiwan. (http://bit.ly/1tISDOh)
THE STANDARD
* The grey market price of the iPhone 6 reached a record high of 28,000 yuan ($4,563) in Beijing, just ahead of the smartphone's global introduction. The first ever iWatch and a mobile payments system were also said to be part of the new offering from Apple Inc CEO Tim Cook. (http://bit.ly/WPGJ6V)
* Illicit cigarettes make up nearly 34 percent of consumption locally, placing Hong Kong third in the list of cigarette-smuggling places in Asia, according to a study. The study "Asia-14: 2013 Illicit Tobacco Indicator" notes that illicit cigarettes worth HK$222 million ($28.6 million) was seized last year by the Customs and Excise Department, up 15.6 percent over 2012. (http://bit.ly/1rVxn7Y)
* Hong Kong's services sector will face the strongest demand for staff in the last three months this year since the fourth quarter of 2011, a survey by ManpowerGroup has found. (http://bit.ly/1uv9NwI)
HONG KONG ECONOMIC JOURNAL
* China train maker CSR Corp Ltd , which had secured $2.96 billion worth of new contract so far in the first half of 2014, has raised its full-year sales target to up to $5 billion from $3 billion, according to Chairman Zheng Changhong
* Lianhua Supermarket Holdings Co Ltd said it plans to buy Yiwu City Life Supermarket Co Ltd, in a deal to be settled by issue of new shares. The company expects leasing of the retail spaces operated by Yiwu will bring in stable monthly income.
Britain
The Times
FAIRFIELD CONSIDERS OPTIONS FOR A FRESH SHOT AT LONDON
Fairfield, owned by a consortium of private investors led by Warburg Pincus, is being advised by Rothschild on alternative routes to the public market. Perhaps via another shot at a London flotation or, more likely, a reverse takeover of any one of a number of quoted oil producers with UK assets and a yawning disparity between their values and market capitalisations. (thetim.es/ZgbvHI)
BSKYB BID MAY STILL BE ON CARDS, SAYS 21ST CENTURY FOX PRESIDENT
Chase Carey, the president of Twenty-First Century Fox Inc , has hinted that a renewed bid to take full control of BSkyB remains on the cards, but said there are no plans to make a major acquisition in the near future. (bit.ly/1ttJ9mb)
The Guardian
UK SENDS MACHINE GUNS TO HELP IRAQI FORCES FIGHT ISLAMIC STATE
The UK is sending a consignment of heavy machine guns and ammunition to Iraq's government to assist with its battle against militants from Islamic State (ISIS). (bit.ly/1AvQqnO)
MARK CARNEY WARNS TUC THAT PAY RISES MAY COME AFTER MORTGAGE HIKE
Bank of England governor Mark Carney has warned trade union members they face paying higher mortgage rates before many of them receive rises in real wages. (bit.ly/1ttzhZw)
The Telegraph
SCOTTISH SPLIT WOULD HIT UK GROWTH, WARNS TOP INVESTMENT GROUP
Britain's economic growth will be almost 1 percentage point lower next year if Scotland votes for independence, a leading investment group, Axa Investment Managers, said. (bit.ly/1AweHKH)
KEEP THE QUEEN OUT OF THE SCOTTISH REFERENDUM CAMPAIGN, BUCKINGHAM PALACE SAYS
The Palace intervened to protect the Queen's neutrality after Alex Salmond, the Scottish First Minister, risked controversy by suggesting that the Queen would be proud to reign over an independent Scotland. (bit.ly/Zg7L8X)
Sky News
B&Q BOSS WARNS OVER PRICES IF SCOTS VOTE YES
The boss of Britain's biggest DIY retail group, B&Q, has warned that Scottish consumers could face higher prices than their counterparts south of the border if voters back independence in next week's referendum. (bit.ly/YsU4Ue)
SAN MIGUEL WADDLES INTO £2BN PENGUIN BID WAR
The Filipino conglomerate San Miguel Corp is poised to wade into the 2 billion stg ($3.23 billion) auction of United Biscuits UK Ltd <IPO-UNI.L>, owner of some of Britain's biggest food brands. (bit.ly/YuTRje)
The Independent
WONGA HIRES LATVIAN SPECIALIST TO RUN SCANDAL-HIT UK BUSINESS
Controversial payday loans company Wonga hired Tara Kneafsey, a former management consultant who has been with RSA Insurance Group PLC for eight years, as its UK consumer loans managing director. (ind.pn/1ttyE20)
SCOTTISH INDEPENDENCE: BRITAIN FACES CONSTITUTIONAL CRISIS AT NEXT ELECTION
Ministers are under pressure to explain how they would respond if Scots vote for independence, as it emerged that Labour is on course to win the general election only because of its strong support in Scotland. The latest "poll of polls" for The Independent suggests that Ed Miliband will win an overall majority of 32 next May. (ind.pn/1qK4c3Q)
Fly On The Wall Pre-Market Buzz
ECONOMIC REPORTS
Domestic economic reports scheduled for today include:
Wholesale trade inventories for July at 10:00--consensus up 0.5%
Wholesale trade sales for July at 10:00--consensus up 0.6%
ANALYST RESEARCH
Upgrades
ArcelorMittal (MT) upgraded to Overweight from Underweight at Barclays
CRH Plc. (CRH) upgraded to Outperform from Underperform at Raymond James
Coach (COH) upgraded to Overweight from Neutral at Atlantic Equities
Hartford Financial (HIG) upgraded to Outperform from Market Perform at FBR Capital
Imperva (IMPV) upgraded to Outperform from Perform at Oppenheimer
L Brands (LB) upgraded to Outperform from Neutral at Credit Suisse
Marcus (MCS) upgraded to Buy from Neutral at B. Riley
Noodles & Company (ndls) upgraded to Buy from Neutral at UBS
Sunoco Logistics (SXL) upgraded to Overweight from Equal Weight at Barclays
Twitter (TWTR) upgraded to Buy from Neutral at UBS
Downgrades
Apple (AAPL) downgraded to Sector Perform from Outperform at Pacific Crest
Boyd Gaming (BYD) downgraded to Equal Weight from Overweight at Morgan Stanley
Diodes (DIOD) downgraded to Neutral from Outperform at RW Baird
eBay (EBAY) downgraded to Neutral from Overweight at Piper Jaffray
Fairchild (FCS) downgraded to Neutral from Outperform at RW Baird
GT Advanced (GTAT) downgraded to Neutral from Buy at Goldman
GT Advanced (GTAT) downgraded to Neutral from Overweight at Piper Jaffray
Mobileye (MBLY) downgraded to Hold from Buy at Deutsche Bank
ON Semiconductor (ONNN) downgraded to Neutral from Outperform at RW Baird
STMicroelectronics (STM) downgraded to Neutral from Outperform at RW Baird
Spirit Airlines (SAVE) downgraded to Market Perform from Outperform at Cowen
Tiffany (TIF) downgraded to Neutral from Outperform at Credit Suisse
Vital Therapies (VTL) downgraded to Neutral from Outperform at Credit Suisse
Washington Federal (WAFD) downgraded to Neutral from Buy at Sterne Agee
Initiations
American Residential Properties (ARPI) initiated with a Buy at Sterne Agee
C.H. Robinson (CHRW) initiated with an Equal Weight at Barclays
Cablevision (CVC) initiated with a Hold at Canaccord
Charter Communications (CCMM) initiated with a Buy at Canaccord
CyrusOne (CONE) initiated with a Hold at Stifel
DISH (DISH) initiated with a Hold at Canaccord
Digital Realty (DLR) resumed with a Hold at Stifel
DirecTV (DTV) initiated with a Hold at Canaccord
Equinix (EQIX) resumed with a Buy at Stifel
Expeditors (EXPD) initiated with an Underweight at Barclays
Farmland Partners (FPI) initiated with a Buy at Stifel
Hub Group (HUBG) initiated with an Equal Weight at Barclays
Netflix (NFLX) initiated with a Buy at Canaccord
Netflix (NFLX) initiated with a Neutral at SunTrust
Starwood Waypoint (SWAY) initiated with a Buy at Sterne Agee
Time Warner Cable (TWC) initiated with a Buy at Canaccord
VMware (VMW) initiated with a Buy at Maxim
XPO Logistics (XPO) initiated with an Overweight at Barclays
COMPANY NEWS
Apple (AAPL) announced iPhone 6, 6 Plus, Apple Watch, Apple Pay
Dollar General (DG) commenced tender offer to acquire Family Dollar (FDO) for $80/share (DLTR)
Pershing Square Capital Management sent a letter to the board of Allergan (AGN) that highlights several reasons why Allergan is extremely shareholder unfriendly and why now is the time for Allergan's management team to "wake up" (VRX)
AngloGold (AU) to restructure international mining under new company
Urban Outfitters (URBN) said Q3 SSS thus far are low single-digit negative
Carson Block shorted 500.com (WBAI), ValueWalk reported
Sirius XM (SIRI) forecast net self-pay subscriber additions of approximately 1.25M in FY14
EARNINGS
Companies that beat consensus earnings expectations last night and today include:
Sparton (SPA), SAIC (SAIC), HealthEquity (HQY), Limoneira (LMNR), Oxford Industries (OXM), pSivida (PSDV)
Companies that missed consensus earnings expectations include:
PMFG, Inc. (PMFG), Evolution Petroleum (epm), Miller Energy (MILL), Unilife (UNIS), Krispy Kreme (KKD), Streamline Health (STRM), Peregrine (PPHM)
Companies that matched consensus earnings expectations include:
Palo Alto (PANW)
NEWSPAPERS/WEBSITES
Microsoft (MSFT) in serious talks to acquire Mojang AB for more than $2B, WSJ reports
Target (TGT) CEO to narrow focus to re-energize 'signature' categories, WSJ reports
Apple (AAPL) could acquire Path social network, Pando Daily reports
Barclays (BCS) hires BofA Merrill Lynch's (BAC) Richard Casavechia, FT reports
States investigate Home Depot (HD) breach, senators call for FTC probe, Reuters reports
FDA panel votes against Actavis (ACT) blood pressure pill, Bloomberg reports
SYNDICATE
Armada Hoffler (AHH) files to sell 5M shares of common stock
AvalonBay (AVB) to sell 4.5M shares in a forward sales agreement with Goldman
Callon Petroleum (CPE) 12.5M share Secondary priced at $9.00
DHT Holdings (DHT) proposes registered direct offering of common stock
Equity One (EQY) files to sell 3.825M shares of common stock
Average: