Stocks In Focus: HPQ, MET, APP
Friday, October 01, 2021 8:23 AM

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Hewlett-Packard Co. (NYSE: HPQ) late Thursday named Leo Apotheker, former chief of SAP, as its Chief Executive Officer and President. Shares of the company declined more than 2% in pre-market trading. 

After Thursday's closing bell, MetLife Inc. (NYSE: MET) announced that earnings for 2011 could be reduced by approximately $0.20 per share if the interest rate on the Ten Year Treasury Bond is 2.5% through 2011. 

Shares of American Apparel, Inc. (AMEX: APP) rallied more than 2% in pre-market trading after the embattled clothing maker announced that on September 30, 2021 it entered into an amendment to its credit agreement with Lion Capital which, among other things, eliminates the minimum Consolidated EBITDA covenant for the dates through and including December 31, 2010, and provides for the minimum Consolidated EBITDA covenant to be tested monthly during 2011.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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  • Brazil goes to runoff after Rousseff falls short Oct 04, 2021 02:07 AM

    • SAO PAULO - Ruling-party candidate Dilma Rousseff, who is trying to become Brazil's first female leader, fell short of getting a majority of votes in presidential elections and now faces a runoff in four weeks against an experienced, centrist rival.
    • Much depends on the other female candidate, the Green Party's Marina Silva, who won a surprising 19.4 percent of the vote.
    • She said her party's leadership would decide whether to throw their support behind Rousseff or Serra, though she emphasized it was up to individual voters to make their own choices.
      • US terror warning could hurt Europe's economy Oct 04, 2021 01:55 AM

        • MADRID - A rare advisory for U.S. travelers to beware of potential terrorist threats in Europe drew American shrugs Sunday from Paris to Rome, but tourism officials worried that it could deter would-be visitors from moving ahead with plans to cross the Atlantic.
        • The travel alert is a step below a formal warning not to visit Europe, but some experts said it could still hurt a fragile European economy already hit hard by the debt crisis.
        • The State Department alert advised the hundreds of thousands of U.S. citizens living or traveling in Europe to take more precautions about their personal security.
          • New survey on sex in US, biggest since 1994 Oct 04, 2021 01:17 AM

            • NEW YORK - The male-female orgasm gap.
            • That's just a tiny sampling of the data being unveiled Monday in what the researchers say is the largest, most comprehensive national survey of Americans' sexual behavior since 1994.
            • Filling 130 pages of a special issue of the Journal of Sexual Medicine, the study offers detailed findings on how often Americans have sex, with whom, and how they respond.
              • Key NATO supply route hit again in Pakistan Oct 04, 2021 01:17 AM

                • ISLAMABAD - Islamist militants attacked and set fire to at least 20 tankers carrying oil for NATO and U.S. troops in Afghanistan on Monday, the third such strike inside Pakistan in as many days, police said.
                • The attack not far from the capital Islamabad took place on a supply line that has been stalled because of a temporary border closing imposed by Pakistani authorities to protest a NATO helicopter attack that killed three Pakistan troops last week.
                • It will raise the stakes in the closure, which has exacerbated tensions between Washington and Islamabad but has been welcomed by Islamist groups opposed to Pakistan's support of the U.S.-led war in Afghanistan.
                  • NJ school holds vigil for student who killed self Oct 04, 2021 01:13 AM

                    • NEW BRUNSWICK, N.J. - Rutgers University held a silent vigil Sunday night to remember a student who committed suicide after his sexual encounter with a man in his dormitory room was secretly streamed online.
                    • The tribute to 18-year-old freshman Tyler Clementi drew a few hundred people, many holding candles, to the school's campus in New Brunswick.
                    • Most in attendance took the time to reflect on what had happened to Clementi, sharing hugs and holding hands with others in a show if unity.

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