Ken flagg's Blog Posts Tagged 'in' (132)

Apple Officially Loses iPhone Trademark in Brazil

http://www.benzinga.com/news/13/02/3335211/apple-officially-loses-iphone-trademark-in-brazil

Factory orders fell 0.6% in April after declining 2.1% in March. The Briefing.com consensus expected factory orders to increase 0.1%. Durable goods orders were revised down from +0.2% in the advance release and now show no growth in April. Durable orders fell 3.7% in March. Transportation orders increased 2.2% as orders for nondefense aircraft rebounded 7.2% after falling 46.6% in March. Excluding transportation, durable goods orders were revised down to -0.9%…

9/15/11

SMF Notes Early Floor Talk:

 European markets add to gains, U.S. futures pointing higher again

U.S. equity futures are higher again this morning (S&P futures +7, DJ futures +60) as European markets added to yesterday's strong gains overnight. Yesterday was the third day in a row of gains in the U.S., leaving…

The ISM Non-Manufacturing Index accelerated in August, increasing from 52.7 in July to 53.3. The Briefing.com consensus expected the index to fall to 51.0. The magnitude of the increase in the ISM Non-Manufacturing Index was not large enough to shake off the fear of a second recession. Even though new orders accelerated (52.8 in August from 51.7 in July) and order backlogs strengthened (47.5 in August from 44.0 in July), the Business Activity / Production Index…

The ISM Non-manufacturing Index decelerated for a second consecutive month, falling from 53.3 in June to 52.7 in July. The Briefing.com consensus expected the ISM Non-manufacturing Index to increase to 53.7. Production/business activity rebounded in July, as the index increased from 53.4 in June to 56.1. The growth, however, came primarily from the usage of backlogs and not from new orders. New orders growth slowed as the index dropped from 53.6 to 51.7. The…

Durable goods orders fell 2.1% in June, which is the second decline in the past three months. The Briefing.com consensus expected orders to increase 0.5%. While the durable goods report may seem weak on the surface, it is actually another sign that businesses expect the recent slowdown in demand to be only temporary. Strong growth was seen in primary and fabricated metal demand. These goods are typically used as inputs in more complex manufacturing processes.…

   In reaction to strong earnings/guidance: ADTN +10.3% (ticking higher).

M&A news: TRH +10.2% (Validus announces superior proposal for combination with co for total consideration of $55.95 per share ), KCI +5.1% (to be acquired by Consortium Including Apax Partners, CPPIB and PSP Investments for $68.50 per share).

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