Market Overview

Friday's Early Global News: North Korea, Guns And Employment


Friday . March 4, 2016


N. Korea makes nuclear threat   (North Korean ruler Kim Jong Un commanded his military to be ready for nuclear strikes at any given moment.)   Reuters

Crude prices climb after US oil output falls for 6th week   Reuters

Small businesses report improving prospects, easier access to loans   Washington Post

Employment gains seen accelerating in February   Reuters

Friday: Employment Report, Trade Deficit   (Hotel occupancy is for the most part following last years.)    Calculated Risk


TUMi    SMSOF        Samsonite Confirms Deal to Buy Tumi   (Samsonite International SA said Thursday it decided to purchase luxury luggage maker Tumi Holdings Inc. for around $1.8 billion.)   WSJ

AMCX    CKEC        AMC Entertainment to buy Carmike in a deal valued at $1.1 bln

AMC's deal to buy Carmike would make it largest U.S. theater chain   LA Times

IM   Perseus Books Sells Distribution Unit to Ingram   (The agreement comes a couple days after Perseus sold its publishing business to the Hachette Book Group.)  NY Times

MQBKY  ZURVY   Macquarie sells insurance unit to Zurich Insurance   (Macquarie Group Ltd. has decided to sell its life insurance business to the Australian branch of Zurich Insurance Group AG a move the Australian bank said mirrored the need for significant scale to fuel returns in the capital.)   WSJ

NHNCF     Messaging app Line plans up to $3 bln dual IPO in NY and Tokyo -IFR   Reuters

BLK  FNF    Mutual Funds Sour on Startup Stakes    (Fidelity and other giants are decreasing the value of their investments in young companies at a quickening speed and making less new investments.)   WSJ

PANW   FEYE  CYBR  iMPV  LOCK  (not mentioned)   The security system that IRS provided to tax-fraud victims just got hacked   (The IRS commissioner stated that the issue resulted in great "aggravation" for certain taxpayers but referred to it as a "relatively minor problem.”)    Washington Post

HPE      HP Enterprise's Results Reassure Investors on Tech Spending   (Hewlett Packard Enterprise sent positive signals about corporate technology demand, however currency issues still bore down on its revenue.)   WSJ

HPE will take on Nutanix and Cisco with hyperconverged system  PC World

GOOG   This Google program lets you buy things with little more than a smile  (Google Hands Free is another payment program that allows you to pay with only your initials.)  Washington Post

GOOG     Google testing 100KW radio transmitter in New Mexico, possibly related to Project Skybender: Report    Tech2

AXP    American Express’ digital wallet patent promises to innovate loyalty rewards   Venture Beat

KBH  DHi  LEN  PHM  (not mentioned)     Home Builders Slowed by Permit Delays   (U.S. home costs and rents are increasing, however developers are having issues meeting demand due to understaffed city governments resulting in delays in receiving permits.)     WSJ

HD  LOW  LL  (not mentioned)   Home 'flipping' exceeds peaks in some hot US housing markets   Reuters

AMBA  GPRO    Ambarella Posts 71% Profit Drop    (Ambarella Inc., a primary chip provider to recently faltering GoPro Inc., has documented a profit drop of 71% for the fourth quarter.)    WSJ

WPPGY    WPP Group profit rises despite currency headwinds    (The world's biggest marketing company by revenue, net profit increased last year in spite of strong currency headwinds in the latter half of the year.)   WSJ

RY     RBC targets market share gains in US investment banking   Reuters

BA    AiR.PA   Iran Invites Boeing for Talks, a Stride Toward Business Ties With the U.S.   NY Times

DD     New Teflon Toxin Causes Cancer in Lab Animals     (shell game)   The Intercept

DD  DOW   Dow Chemical head in line for $52m payout   (Andrew Liveris is prepared to walk out in 2017 after merger with DuPont.)     Financial Times

SF  PJC  BAC    (not mentioned)    Brokers Brace for Tighter Standard on Retirement Accounts    (A change they say will increase compliance costs and could make them drop middle-class clients.)    WSJ

BKS     Why Barnes & Noble Isn't Going Away Yet    (sales decline may have levelled off)   NY Times

AUO sees more advantages for LTPS over OLED for now, says president  Digitimes

PHG  CREE (not mentioned)   LED makers step into automotive lighting   Digitimes

SOXX    President-elect vows to safeguard Taiwan semiconductor industry    Digitimes

TSM   QCOM  SSNLF     Smartphone AP suppliers to team up with TSMC to compete with Qualcomm-Samsung in 10nm chip market  Digitimes

SOHU video, Tencent denied the rumors injection of $ 1 billion: untrusted illogical   DO News

Norway's Bulk Invest Files for Bankruptcy   (latest dry bulk shipper)   

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.


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