Nikkei Shoots to Fresh Highs; US Rally Supports
Jabil Circuit Inc
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Cyprus' way forward is unclear as the Russians reject a gas for loans proposal, and the EU objects to a move to take over pension funds.
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*Dow off 0.3 pct, S&P 500 off 0.4 pct, Nasdaq down 0.7 pct. NEW YORK, Dec 14- U.S. stocks fell on Friday as another slide in Apple took a toll and investors unloaded some shares because of the uncertainty surrounding the "fiscal cliff" negotiations. Apple's stock slid 3.8 percent to $509.79 after UBS cut its price target on the stock to $700 from $780.
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Stocks held losses Friday, dragged by techs, as investors remained on the sidelines ahead of the weekend amid ongoing worries over the looming "fiscal cliff."
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Apple shares fell 3.9 percent on Friday after the iPhone 5 debuted in China to a cool reception and two analysts cut shipment forecasts.
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*Apple faces China roadblocks despite fast growth. *Full impact of China launch to come in Apple's Jan-March qtr.
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*Dow off 0.2 pct, S&P 500 off 0.3 pct, Nasdaq down 0.5 pct. Apple slid 4 percent to $508.75 after UBS cut its price target on the stock to $700 from $780. The S&P Information Technology Index dropped 0.9 percent as Apple fell and Jabil Circuit Inc lost 6.2 percent to $17.38 after UBS cut its price target.
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Dec 14- Apple Inc shares fell 3.9 percent on Friday after the iPhone 5 debuted in China to a cool reception and two analysts cut shipment forecasts. Shares of Apple suppliers Jabil Circuit Inc, Qualcomm Inc, Skyworks Solutions Inc, TriQuint Semiconductor Inc, Avago Technologies Ltd, and Cirrus Logic Inc also fell in early trading.
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ST. PETERSBURG, Fla.-- Jabil Circuit Inc. said Thursday that it's promoting its chief operating officer, Mark Mondello, to CEO, and its current chief executive is set to become chairman. The board's current chairman, William Morean, is retiring and will not stand for re-election to the board. Jabil shares fell 46 cents, or 2.6 percent, to close at $17.26 Thursday.
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ST. PETERSBURG, Fla.-- Jabil Circuit Inc. is promoting its chief operating officer, Mark Mondello, to CEO, and its current chief executive is set to become chairman. CEO Timothy Main, who has led the electric parts maker for 12 years, will step down in March as Mondello takes over.
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Cramer interviews Tim Main, CEO of Jabil Circuit, about his company’s prospects.
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U.S. stock index futures pointed to a mixed open on Wall Street on Wednesday as investors turned their attention away from the G20 Summit and the euro zone crisis and concentrated instead on domestic concerns.
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Check out which companies are making headlines after the bell Tuesday:
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“Fundamentally, the market belongs much lower, but everybody thinks the Fed’s extending Operation Twist or will pull something else out of its hat,” says market strategist Peter Boockvar.
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Tim Main, CEO of Jabil Circuit, chats with Cramer.
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Cramer makes the call on viewers' favorite stocks.
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Stocks moved lower Wednesday as an aggressive move from the European Central Bank to stem the sovereign debt crisis raised questions about just how much more will need to be done.
