Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)

MARKET CURRENTS

  • 3:59 AM Paris Air Show: Boeing (BA) has lost out to Airbus (EADSF.PK) for a major order from easyjet (EJTTF.OB), which has agreed to purchase 135 A320 aircraft in a deal that would be worth $11.5B at list prices but in which the airline received a "very substantial" discount. easyjet has also taken an option for another 100 planes. (PR) Comment! [Consumer]
  • 3:49 AM Medtronic's (MDT) controversial Infuse bone-growth implant for spine surgery is no better than a traditional operation, two independent analyses have found, with the rates of complication similar regardless of the treatment used. Infuse generated $528M in sales in the last fiscal year. Medtronic, which commissioned the studies, had been hit by accusations that doctors who had originally supported Infuse had financial ties to the company worth millions of dollars. Comment! [Healthcare]
  • 3:31 AM While the likes of Apple and Amazon go all out to keep their taxable income overseas, for the past few years Citigroup (C) has been trying to shift more of this type of profit back home. It's not because the bank wants to pay more tax, it's just that it has $55B of tax credits and deductions that it wants to use up. Hence the acquisition of $7B in credit-card loans to Best Buy customers. Comment! [Financials]
  • 3:18 AM As expected, France Telecom's (FTE) board yesterday kept Stephane Richard as CEO despite French authorities placing him under investigation for his role in the suspected misuse of public funds. Richard's status was pretty much assured after the government said they would back him. The board said it doesn't believe that Richard's legal problems "impede his ability to fully and effectively" manage France Teleom. (PR) Comment! [Tech, Consumer]
  • 3:06 AM The EU new-car market showed no signs of bottoming out in May as registrations dropped 5.9% to 1.04M units, the lowest level for the month since 1993. The fall followed a 1.7% gain in April. In January-May, registrations slid 6.8% to 5.07M vehicles. GM (GM) was among those to suffer the most in May with an 11.3% decline. Toyota registrations dropped 4.9% but those of Ford fell just 0.3%. (PR) Comment! [Consumer, Global & FX]
  • 2:55 AM Talisman Energy (TLM) has reportedly approached potential buyers, including private-equity firms, for its shale assets in the Eagle Ford basin in south Texas with a view to raising $2B. The speculation could come as a bit of a surprise, because while Talisman has said it is looking to offload non-core assets, its Eagle Ford interest is seen as core. Comment! [Energy, M&A]
  • 2:05 AM Johnson Controls (JCI) is reportedly in talks with P-E firms about selling them its automotive electronics unit, which is valued at $1B, after industry interest weakened due to the unit's softer-than-expected performance. Delphi Automotive (DLPH) has pulled out the running, although Visteon (VC) and SAIC (SAI) subsidiary Huayu Automotive Systems are still involved. Comment! [M&A]
  • 1:55 AM Sony (SNE) repeats that it will review Daniel Loeb's proposal that the company float its entertainment business after Loeb's Third Point hedge fund increased its stake in the electronics firm to 7% from 6.5%. In the past, Sony has said that its film and device units are better together - CEO Kazuo Hirai believes they have valuable synergies - and that it would consider Loeb's spin-off idea. Comment! [Tech, Top Stories, Consumer]
  • 1:45 AM Japanese industrial production grew 0.9% on month in April, as in March, but came in well below preliminary data of +1.7%. On year, output dropped 3.4% vs -6.7% a month earlier. The on-month change in April was due to the government altering the base year to 2010 from 2005, which affected the weightings of items in the index and the method used to account for seasonal factors. Comment! [Global & FX]
  • 12:10 AM Notable earnings after Tuesday’s close: ADBE Comment! [Earnings]
See more Market Currents »

STOCKTALKS

140 characters
Sign in to view StockTalks by people you follow
TOP ARTICLES4:01 AM ET TUESDAY JUN 18
DIA 0.72%
SPY 0.77%
QQQ 0.93%
GLD -0.45%
ETF Movers
DFJ WisdomTree Japan SmallCap Dividend ETF 3.38%
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF 0.43%

PORTFOLIO

SymbolAlertsPriceChg% Chg

Latest Portfolio Headlines

    Add Stocks
    More on this portfolio:
    Day Watch | Alerts | Holdings | Performance | Momentum | Valuation | Profitability | Dividends | Debt | Ownership

    LATEST ARTICLES

    More Latest Articles »

    ALPHA-RICH IDEAS

    More Alpha-Rich Ideas »

    MACRO VIEW

    More Macro View »

    DIVIDENDS & INCOME

    More Dividends & Income »

    ETFs & PORTFOLIO STRATEGY

    More ETFs & Portfolio Strategy »

    INVESTING IDEAS

    More Investing Ideas »

    MARKET PERFORMANCE VIA ETFs

    WHERE TO GO NEXT...