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Morning Market Update: Broader Market is Mixed
 
02:43
"This is the FNN. I'm CD. This is your morning market update. In the first half of Monday trade, the overall market is broadly mixed. Focusing in on the upper left of our heat map, shares of technology firms are mixed. Apple shares are up 1.3% early on Monday as the price of Apple (AAPL) shares are projected to reach as high as $500, as international sales are on the rise and business customers are increasingly buying iPads for employee use. Barrons ""Trader"" column this weekend reported that Peter Oppenheimer, Apple Inc.'s chief financial officer, told analysts corporations ""are adding iPads to their approved device list at an amazing rate."" Telecom service companies AT&T, Verizon, Qualcomm and others all in the green here in the mid-section of the heat map. Microsoft is up nearly 1%, Oracle down 1% along with other application software companies, except Adobe which is in the green up top. In computer systems IBM is up over 1%, HP is down half a percent. Google is in the red, over 1%. Rejected in a bid last month to buy the daily deals service, Google (GOOG) is instead launching a rival to Groupon called Google Offers. The new service is intended to extend GOOG's reach into the small-business advertising market with users expected to receive daily e-mails with a local ""deal of the day."" Google Checkout will provide transaction support for Google Offers. Intel (INTC) announced today that it will raise its dividend by 15% and will authorize its share buyback program by another $100 billion. INTC has declared a quarterly dividend of $18.12 per share. That stock up over 0.5%, along with Cisco, Texas Instruments, AMD and other semiconductor companies. The rest of the technology sector is mixed in Monday morning trade. The stand out stocks in the lower left of the heat map are EMC, NetApp, Sandisk, Micron and Autodesk - all down over 1% today. While the stand out winners thus far include Nvidia on a positive mention in Barrons, and First Solar on bullish comments from Goldman Sachs. That's your morning market update. For further news and market analysis, stay tuned to the FNN, I'm CD."
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Morning Market Snapshot: June 24, 2011
 
01:07
Good Morning. It's Friday, June 24, 2011. At this hour, U.S. equity futures are up. Overseas, the Asian markets advanced, while the European markets are mostly higher. Williams Cos. (NYSE:WMB) announced that it proposed to acquire all of the outstanding shares of Southern Union Company (NYSE:SUG) for $39.00 per share in cash, for a total enterprise value of $8.7B. Oracle (NASDAQ:ORCL) CEO Larry Ellison says acquisitions are not attractively priced now. Oracle sees growth of Exadata and Exalogic spurring top-line and bottom line results. Micron (NYSE:MU) sees continued pricing pressure in DRAM. Campbell Soup (NYSE:CPB) announced a $1B share repurchase program. Kaiser Aluminum (NASDAQ:KALU) and Airbus (PINK:EADSY) reached a long-term supply agreement. Sears Holdings (NASDAQ:SHLD) announced Orchard Supply Hardware filed for spin off. SeraCare Life Sciences (NASDAQ:SRLS) acknowledged the receipt of an unsolicited offer from MSMB Capital proposing to purchase all of the outstanding shares of SeraCare for $4.25 per share.