UPDATE: UBS Downgrades Northrop Grumman (NOC) to Sell; Large Risk to U.S. Budget
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Market Wrap: Apple's Magnificent iPhone 5; Chesapeake Sells; JPMorgan Shifts Investment Bank
September 12, 2012 5:29 PM EDTMarket wrap-up for September 12th
End of the Day: S&P 500 up 3.0 to 1,436.56; Dow Jones up 10.0 to 13,333.35; Nasdaq up 9.8 to 3,114.31
The following is a brief summary of events moving markets today:iPhone 5 - bigger, lighter, functional: Apple (Nasdaq: AAPL) debuted its new iPhone 5 today and the device is sure to deliver. According to the spec sheet, the iPhone 5 is 18 percent thinner and 20 percent lighter than the iPhone 4S and the device... More
UPDATE: BAE, EADS Look to Solidify Global Strength with Monumental Deal (BA) (LMT)
September 12, 2012 12:38 PM EDT(Updated - September 12, 2012 2:55 PM EDT)
Earlier today, BAE Systems (OTCBB: BAESY) and Airbus parent European Aeronautic, Defence & Space Co. (OTCBB: EADSY) affirmed that they were in talks for a possible combination which would create a formidable force... More
U.S. Stocks See Action on News EADS, BAE said to be in talks to explore combination (LMT) (RTN) (NOC) (BA)
September 12, 2012 10:50 AM EDTU.S. defense and aerospace companies could see action on reports that EADS, BAE said to be in talks to explore combination:
Traders watching: Lockheed Martin Corporation (NYSE: LMT), Raytheon Co. (NYSE: RTN), Northrop Grumman Corporation (NYSE: NOC), Boeing (NYSE: BA)... More
