| Weekly Roundup OCTOBER 25, 2013 From iPads to Obamacare: they're nearly ready Top 10 stories for week of Oct. 21-Oct. 25 Carl Icahn can't get Obamacare, or buy Twitter shares, on a new iPad.BloombergWhat's he grinning at? But maybe he'll be able to soon. Tim Cook says some of the new devices will come at the beginning of November. White House fixer-upper Jeff Zients says the healthcare.gov site will be fixed by the end of November. And the Twitter initial public offering is coming in the middle of the month.As for Icahn, well, he's in two of the top 10 stories listed below. For the week, the Dow Jones Industrial Average rose 1.1%, the S&P 500 gained 0.9% and the Nasdaq Composite added 0.7%.Stay tuned to MarketWatch this weekend for more investing and retirement news.— Steve GoldsteinApple introduces new devicesApple Inc. lifted the wraps off new iPads on Tuesday, including a redesigned version of its flagship tablet called the iPad Air, and an update to its iPad Mini that now includes a high-definition "retina" display. Apple lifts wraps off new iPads. Icahn to Apple: Start $150 billion tender offer immediatelyCarl Icahn is asking for a $150 billion buyback from Apple.Icahn trims Netflix stake — and bets against his sonThe legendary investor cut his stake in the video-streaming service to 4.7% from 9.4% — and made a side bet with his son.Twitter sets price for IPOTwitter on Thursday set a price range of $17 to $20 for its IPO that aims to raise about $1.6 billion, valuing the San Francisco-based microblogging site at up to $11.1 billion. Twitter must now sell IPO to investors Earnings surprising analystsJonathan Golub, chief U.S. market strategist at RBC Capital Markets, crunched the numbers and says that with 228 of the S&P 500 firms reporting through Thursday evening, the aggregate surprise for earnings per share is 4.8%. Last quarter, firms beat by 2.9%.Halfway through earnings reports, bottom lines look good Caterpillar tests Wall Street's patienceNot all the earnings released this week impressed — the giant construction equipment firm reported a 44% profit drop and cut its full-year earnings outlook. Caterpillar tests Wall Street patience. Muddy Waters takes on NQ MobileAdmit it, you never heard of NQ Mobile before this week. But the firm stock nose-dived Thursday as Muddy Waters Research called the Chinese firm a "massive fraud." NQ responded on Friday but the stock fell so more.Obamacare may be delayed — a bitAs first read here, the Obama administration is looking at pushing back the deadline for individuals to have health insurance, without incurring a fine, until March 31.Obamacare penalties to be delayed Court could block Obamacare subsidies in 34 statesA judge will rule on whether people who sign up for health insurance on federal exchanges in 34 states can get subsidies, Diana-Furchtgott-Roth says.Read the column. HealthCare.gov fix-it man: Site will run smoothly by end of NovemberPresident Obama has appointed a fix-it man to patch up the trouble-ridden HealthCare.gov website that has put a damper on the launch of Obamacare, and he's promising the site will be smooth for the "vast majority" of people by the end of November.HealthCare.gov fix-it man: Site will run smoothly by end of November MarketWatch has sent you this newsletter because you signed up to receive it.To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2013 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111 | | |
No comments:
Post a Comment