Seeking Alpha

MARKET CURRENTS

  • 7:08 AM Lockheed Martin (LMT) has reached new labor deals with the IBEW and OPEIU unions, which represent 500 workers in total, at its Fort Worth plant. However, a strike by the bigger IAM union, which represents 3,300, has entered a 5th week. Lockheed is not at full-scale ops, but it is "continuing to deliver airplanes," the company said. 1 Comment
  • 6:59 AM Samsung (SSNLF.PK) says that while "there is still a big gap" in its patent war with Apple (AAPL), it still has "several negotiation options including cross-licensing." CEO Choi Gee-sung is due to meet Tim Cook in a U.S. court tomorrow to resolve the IP disputes. Comment! [Tech, Consumer]
  • 6:52 AM Spanish PM Mariano Rajoy rejects the idea that the nation's banks should go cap in hand to the EU bailout fund, an idea that Francois Hollande apparently floated, although Rajoy is skeptical that he did. Another report says Spain turned down EU pressure to accept an IMF credit line to help strengthen the banks. 6 Comments [Global & FX]
  • 6:36 AM The Seaway pipeline yesterday started to transport crude oil from Cushing in Oklahoma to refineries in Huston following the completion of a reversal project. The new direction of the pipeline, which is owned by Enterprise (EPD) and Enbridge (ENB), should help ease the glut of crude at Cushing and reduce the spread between WTI and Brent prices. 4 Comments [Energy]
  • 6:20 AM G8 leaders wrapped up a weekend retreat in Camp David yesterday, saying they want Greece to stay in the euro, although they offered no new proposals for helping the country out of its mess. The leaders also said it's "our imperative" to promote growth as Angela Merkel found herself increasingly pressured. Next up is an EU summit on Wednesday. 3 Comments [Global & FX]
  • 5:57 AM JPMorgan's (JPM) losses from its disastrous trades could reach $5B or more, the WSJ reports, as the bank struggles to unwind its positions. Major problems include increasing worries about Greece and the the EU economy. Meanwhile, the CFTC becomes the latest government agency to open a probe into the debacle, the NYT reports. 9 Comments [Financials]
  • 5:38 AM The percentage of people over age 65 who are working is at a record high, with over 1/3 of men and over 1/4 of women aged 65-69 holding jobs. Of those 75 years old and over, 1 in 9 men and 1 in 20 women are employed. Meanwhile, the percentage of people younger than 64 with jobs has fallen, with those aged 25-54 down most. "This aging-but-not-yet-aged segment of the baby boomer class can’t afford to retire," says economist David Rosenberg. 5 Comments [U.S. Economy]
  • 4:18 AM Canadian Pacific (CP) gets a 72-hour strike notice from some 5,000 unionized workers, meaning a work stoppage could come Wednesday - this following Bill Ackman's proxy-fight victory. Negotiations over touchpoints like pension benefits are set to continue for now. Comment! [Top Stories]
  • 19 May, 3:38 PM Yahoo (YHOO) will announce its rumored deal to sell part of its Alibaba (ALBCF.PK) stake back to the company tomorrow, reports Bloomberg's Serena Saitto. She adds the deal will pave the way for an Alibaba IPO within 18 months - that might please Dan Loeb. 1 Comment [Tech]
  • 19 May, 3:28 PM Clearance in China removes the last hurdle for Google's (GOOG) $12B bid for Motorola Mobility (MMI), which will close early next week. Google must make its Android OS available at no charge to all partners for five years. Comment! [Tech]
See more Market Currents »

STOCKTALKS

140 characters
Sign in to view StockTalks by people you follow
DIA -1.01%
SPY -0.82%
QQQ -1.20%
GLD 1.11%

PORTFOLIO

SymbolPriceChg% Chg

Latest Portfolio Headlines

    Add Stocks
    SEE / EDIT DETAILED PORTFOLIO

    MARKET PERFORMANCE VIA ETFs