InvestMacro FX

Facebook could be seeking to double its presence in Europe according to a recent report from Bloomberg. The online social networking giant may double its HQ size in Dublin as the company prepares for its IPO that could raise over $10 billion. The unnamed source said that the firm may move its head quarters and lease as much as 120,000 square feet of office space over five years. Facebook setup its Dublin office in 2008, and it currently occupies approximately 5,000 square meters of space in the south docklands neighborhood of Dublin.

Time Warner Cable (NYSE:TWC) recently launched a new iPhone application that allows customers to watch live television from their iPhone or iPod Touch along with allowing viewers to control, manage and program their DVR. The new app also allows users to browse the TV guide, favorite channels and search for programs by title or episode name. Last March, Time Warner released the iPad version of the app along with the Android version. Time Warner Cable (NYSE:TWC) has potential upside of 19.2% based on a current price of $68.68 and an average consensus analyst price target of $81.86. Time Warner Cable is currently above its 50-day moving average (MA) of $62.32 and should find resistance at its 200-day MA of $68.97.

Susquehanna attributes the weakness in shares of Omnicare (NYSE:OCR) and PharMerica (NYSE:PMC) to concerns that their proposed merger may be the subject of a closed door enforcement action meeting at the FTC this afternoon. The FTC posted on its website a closed meeting for this afternoon, which has some speculating the meeting is about the transaction between Omnicare and PharMerica, Susquehanna says. However, the firm points out that there have been other closed door meetings where the topic has been vastly different from what the financial market assumed. Omnicare is currently above its 50-day moving average (MA) of $32.72 and above its 200-day of $30.37.

Netflix (NASDAQ:NFLX) shares are giving back some of their recent gains after a negative note from Caris’ David Miller. The analyst said he thinks Netflix will provide an outlook that shows operating losses for at least the next 2 quarters during it’s quarterly report Wednesday. Miller went onto say that he remains concerned about the possibility of higher licensing payments from EPIX.

WebMD (NASDAQ:WBMD) shares are catching a bid premarket on news that it held discussions with various PE firms regarding a potential buyout, but those talks were reportedly terminated without any proposal.A special committee ended the process with the suitors in August.The company has provided info after inquiries from Carl Icahn and other investors.Shares of the company have fallen 52% in the past 12 months, but are trading 2% higher premarket on the news.

Scott Kirby, the President of US Airways (NYSE:LCC) is leading the company’s analysis of potential merger with bankrupt AMR Corp., though any bid may still be close to a year away, reported Bloomberg, citing sources familiar with the matter. US Airways Group (NYSE:LCC) has potential upside of 57.1% based on a current price of $6.48 and an average consensus analyst price target of $10.18. US Airways Group is currently below its 200-day moving average (MA) of $6.68 and should find support at its 50-day MA of $5.24.

Freeport-McMoran (NYSE:FCX) reported Q4 EPS of $0.67, which includes a $0.05 charge for labor costs. Consensus estimates were for EPS of $0.61.The company reported Q4 revenues of $4.16 billion, vs. consensus estimates of $3.74 billion.The company lowered its 2012 copper sales target to 3.8b lbs vs. 11/17 forecast of 3.9b lbs.Freeport forecasts gold production of 1.2m oz. vs. its prior 1.1m.

Annoying bank fees will be on the rise, as banks start to increase their overdraft fees. An economic research firm, Moebs Services, estimated the median overdraft fees of banks rising from $27.50 to a new high of $30, making it the largest jump within the past 30 years. Banks had made large profits from high overdraft fees in the past, adding up to an incredible $37.1 billion in 2009. However, since new regulations have been put into place on overdraft fees in 2010, banks have reportedly lost money. Before the regulations, banks could automatically enroll their customers in overdraft protection services which automatically credited a negative account a cash advance, which the customer unknowingly had to pay back. The new regulations forced banks to give their customers the option of enrolling in an overdraft protection plan as opposed to automatically enrolling them. This has caused the banks’ profits to lower, and as a result, banks are increasing their fees in order to make up for lost profit.

The Wall Street Journal reports that Johnson & Johnson’s (NYSE:JNJ) Janssen Pharmaceuticals will pay $158 million to resolve claims related to the sales and marketing of its Risperdal antipsychotic drug.The settlement resolves a case brought by the state of Texas in 2004.Johnson & Johnson (NYSE:JNJ) has potential upside of 9.1% based on a current price of $64.98 and an average consensus analyst price target of $70.91.

General Motors (NYSE:GM) reported that its global sales totaled more than 9M vehicles in 2011, a 7.6% gain compared with 2010. GM gained four-tenths of a point of market share to 11.9% of the global vehicle industry, the company said.Sales were up in all four reporting regions of North America, South America, Europe and International Operations. Chevrolet sold 4.76 million vehicles around the world in 2011, setting a global sales record.General Motors (NYSE:GM) has potential upside of 35.6% based on a current price of $24.65 and an average consensus analyst price target of $33.43.