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Stock Market & Financial Investment News

News For A;CBS;ELLI;KEG;LOGM;VVC From The Last 14 Days
Check below for free stories on A;CBS;ELLI;KEG;LOGM;VVC the last two weeks.
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April 24, 2014
06:07 EDTCBSCBS implied volatility of 36 at upper end of index mean range
April 23, 2014
06:25 EDTCBSJustices seem conflicted over Aereo, NY Times says
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06:06 EDTCBSCBS implied volatility of 36 at upper end of index mean range
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April 22, 2014
18:30 EDTCBSDISH to launch internet-TV service this summer, Bloomberg says
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18:01 EDTCBSDISH aims for late Summer to roll-out U.S. Internet TV service, Bloomberg says
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12:12 EDTCBSCBS May volatility elevated at 34 into Q1
CBS May call option implied volatility is at 34, June is at 30, September is at 26; compared to its 26-week average of 28 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on May 8 and Supreme Court Aereo decision this summer.
08:50 EDTCBSCBS reiterated as a Best Idea at Morgan Stanley
Morgan Stanley reiterated CBS as a Best Idea and remains Overweight rated given strong long-term earnings growth driven by content memorization and balance sheet leverage. Price target is $73.
07:25 EDTCBSNatural E Creative Group to hold a summit
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06:10 EDTCBSCBS implied volatility of 34 at upper end of index mean range
April 17, 2014
07:37 EDTCBSIron Mountain could be valued above $40/share with REIT, says William Blair
William Blair continues to believe the odds of REIT conversion for Iron Mountain (IRM) remain about 50/50 after shares rallied on CBS' (CBS) favorable REIT ruling. The firm thinks the rationale for the CBS ruling are likely unrelated to issues under consideration for Iron Mountain. It estimates shares of Iron Mountain could be valued above $40 with REIT approval. The firm finds the risk/reward into the decision as favorable and keeps an Outperform rating on the stock.
April 16, 2014
16:40 EDTCBSOn The Fly: Closing Wrap
Stocks on Wall Street were higher after Fed Chair Janet Yellen struck a dovish tone in comments to the Economic Club of New York, which was in step with the minutes of the last FOMC meeting released last week. The Fed also released its latest Beige Book report, which indicated that economic activity increased in most regions after the severe winter weather that gripped much of the country to start the year had let up. Corporate earnings season continues to pick up steam, with Dow members IBM (IBM) and American Express (AXP), as well as Google (GOOG), reporting after the market close. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fed's Beige Book report indicated that economic activity rebounded and strengthened in most regions over the last six week. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Bank of America (BAC) fell 26c, or 1.59%, to $16.13 after the bank reported a first quarter loss of 5c per share, largely due to $6B in legal charges. Excluding the impact of this litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and other legacy mortgage-related matters, the banking major reported earnings that appeared to beat estimates... Yahoo (YHOO) gained $2.14, or 6.26%, to $36.35 after its quarterly report, with investors reacting most positively to the 66% year-over-year revenue growth reported by Chinese e-commerce company Alibaba, in which Yahoo holds a 24% stake. Yahoo's quarterly profit and revenue also beat expectations and the company's CEO Marissa Mayer said during its earnings webcast that the search giant's core business has moved from declining growth to stable to modest growth. MAJOR MOVERS: Among the notable gainers was CBS Outdoor (CBSO), which jumped $1.94, or 6.69%, to $30.96 after the IRS approved a plan for the company, which was just last week spun-off from its parent CBS (CBS), to convert into a real estate investment trust, or REIT. Other companies seeking REIT status, including Equinix (EQIX), Iron Mountain (IRM) and Lamar Advertising (LAMR), also rose following CBS' announcement. Also higher was drugmaker Zogenix (ZGNX), up 48c, or 20.51%, to $2.82 after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers were U.S.-listed shares of Credit Suisse (CS), which fell 54c, or 1.7%, to $31.22 after the Swiss bank reported net income and revenue that fell when compared to the prior year. Also lower were Agnico Eagle Mines (AEM) and Yamana Gold (AUY) after agreeing to jointly acquire Osisko Mining. Angico shares fell $2.61, or 8.56%, to $27.88, while Yamana was down 36c, or 4.3%, to $8.02. INDEXES: The Dow was up 162.29, or 1.0%, to 16,424.85, the Nasdaq was up 52.06, or 1.29%, to 4,086.23, and the S&P 500 was up 19.33, or 1.05%, to 1,862.31.
16:18 EDTLOGMPoint72 lowers passive stake in LogMeln to 4.9% from 6.6%
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16:17 EDTCBSCBS favorable PLR a positive for Equinix, says Wells Fargo
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15:10 EDTCBSCBS Outdoor, other REIT seekers rise after IRS ruling
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14:47 EDTCBSIron Mountain, Lamar Advertising higher after IRS ruling on CBS Outdoor
Shares of Iron Mountain (IRM), up 3%, and Lamar Advertising (LAMR), up 4%, are higher after the IRS approved CBS Outdoor's (CBSO) plan to convert to a REIT. Iron Mountain and Lamar have both been seeking to gain REIT status with the IRS. Shares of CBS Outdoor are also higher, up more than 5%, following the announcement, as are shares of its parent company, CBS (CBS), up more than 2%.
14:43 EDTCBSCBS gets favorable REIT ruling from IRS
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April 15, 2014
10:00 EDTKEGOn The Fly: Analyst Upgrade Summary
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06:56 EDTKEGKey Energy upgraded to Hold from Sell at Wunderlich
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April 14, 2014
16:21 EDTELLIEllie Mae confirms no breach of data in recent outage
Ellie Mae reported its conclusion that the recent outage to its Encompass services was not a result of a malicious attack and confirmed that there was no breach of customer data. The characteristics of the outage initially appeared to the Company to be consistent with a distributed denial of service, or DDoS, attack. However, following a thorough review of the incident, with assistance from a leading security and cybercrime forensics firm, Ellie Mae has now concluded that there was no malicious attack on its systems. Accordingly, the company confirmed there was no breach of client or personal borrower data. The unexpected surge in service requests to web servers that resulted in the outage on March 31, was triggered by a confluence of factors involving network, hardware, software and demand for service. Ellie Mae has already taken a number of steps in response to this incident, including adding capacity and redistributing traffic across its data centers. The IT infrastructure has been functioning normally since mid-afternoon Pacific Daylight Time on April 1, 2014.
11:09 EDTCBSOptions with increasing implied volatility: HZNP VJET YOKU CTRX CBS
April 11, 2014
12:42 EDTELLIOn The Fly: Analyst Downgrade Summary
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10:59 EDTCBSOptions with increasing implied volatility: EXPE PBI CROX CBS ADSK
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08:54 EDTELLIEllie Mae downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Ellie Mae to Market Perform citing increasing headwinds for the mortgage market and a lack of positive catalysts. FBR lowered its price target for shares to $29 from $37.
06:44 EDTELLIEllie Mae downgraded to Market Perform from Outperform at FBR Capital
April 10, 2014
16:00 EDTAOptions Update; April 10, 2014
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12:03 EDTCBSCBS says Stephen Colbert to be next 'Late Show' host
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