Happy Wednesday and welcome to the Morning Six-Pack, where we're always trying to beat analyst estimates and surprise to the upside.» Read More
WASHINGTON, April 23- Social network giant Facebook Inc has won U.S. antitrust approval to buy Oculus VR Inc, a two-year-old maker of virtual reality goggles, the Federal Trade Commission said on Wednesday. Facebook said on March 25 that it planned to buy Oculus for $2 billion in its first-ever hardware deal.
*Boeing rallies after results, outlook; P&G edges down. *Key earnings on tap; Apple, Facebook out after the close. *Boeing Co reported first-quarter revenue that beat expectations and lifted its core earnings forecast to reflect a tax settlement gain, sending shares up 2.7 percent to $131.05 in premarket trading.
*Gilead Sciences rises in premarket after results. *Key earnings on tap; Apple, Facebook out after the close. *Gilead Sciences Inc rose 3.8 percent to $75.60 in heavy premarket trading a day after the drugmaker reported a sharp increase in its quarterly profit, helped by sales of its hepatitis C drug.
One of the West Coast's leading activist investors has added to the growing criticism of corporate governance in Silicon Valley, and of Google in particular, amid fresh warnings of a bubble in tech valuations. The Financial Times reports.
BRASILIA, April 22- Brazil's Senate unanimously approved groundbreaking legislation on Tuesday that guarantees equal access to the Internet and protects the privacy of Brazilian users in the wake of U.S. spying revelations.
The "Fast Money" traders share their final trades of the day.
The following list represents the most viral tracks on Spotify, based on the number of people who shared it divided by the number who listened to it, from Monday April 14, to Sunday April 20, via Facebook, Tumblr, Twitter and Spotify. 1. Lana Del Rey, " West Coast". 6. Dustin Lynch, "Where It's At".
*Netflix up after results; Facebook gains on upgrade. Netflix Inc surged 7 percent to $372.90 a day after showing strong subscriber growth, a sign the trading favorite still had room to grow despite recent concerns over its valuation.
Last May, Sears launched a service called Member Assist where members of the Shop Your Way program can communicate directly with associates in more than 400 stores nationwide through a dedicated website or mobile app.
*Netflix up after results, Facebook gains on upgrade. Healthcare, up 1.5 percent, was the best performing of the 10 major S&P sectors, as Allergan Inc jumped 15.8 percent to $164.48 a day after activist investor William Ackman teamed up with Canadian drugmaker Valeant Pharmaceuticals International Inc to bid for the company.
Facebook reports its first-quarter earnings Wednesday. Details to look out for include mobile ad prices and engagement, as Recode reports.
Some of Tuesday's midday movers:
WASHINGTON— Commerce Department releases new home sales for March, 10 a.m.. Michelin reports first quarter sales. Procter& Gamble Co. releases quarterly financial results before the market opens.
*Netflix up after results, Facebook gains on update. Dow components Travelers Cos Inc and United Technologies Corp both reported first-quarter earnings that beat expectations, and United Tech raised the low end of its full-year profit outlook. Shares of Travelers rose 0.2 percent to $86.58 while United Tech was up 1.2 percent at $119.69.
*Netflix results lift Wall St, deal talk buoys Europe. NEW YORK, April 22- Global equity markets rose on Tuesday, powered by solid U.S. corporate earnings and deal-making activity among European drugmakers, while the euro hovered near break-even on uncertainty whether the European Central Bank will further ease monetary policy.
*Netflix up after results, Facebook gains on update. Dow components Travelers Cos Inc and United Technologies Corp both reported first-quarter earnings that beat expectations, and United Tech raised the low end of its full-year profit outlook. Shares of Travelers rose 0.7 percent to $87.04 while United Tech was up 1 percent at $119.49.
NEW YORK, April 22- U.S. stocks edged up on Tuesday boosted by deals in the healthcare sector and upbeat results, while Facebook and Netflix lifted the Nasdaq.
Allergan surged after Valeant Pharmaceuticals said it had teamed up with activist investor Bill Ackman to make a bid for the Botox maker. Netflix and Harley-Davidson rose sharply after reporting earnings that beat analyst's expectations.
Chris Baggini of Turner Titan Fund, explains his top three stock picks for investors right now. He says Facebook's advertising model is "very strong."
Not only are middle class Americans losing out in the U.S., they are now trailing behind their global peers.