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Stock Market & Financial Investment News

News Breaks
December 23, 2013
12:27 EDTAAPL, NAK, TSRO, UTHR, STX, XRTX, MW, JOSB, CHL, RIOOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, with the Dow and S&P beginning the session in record territory and continuing to add to their gains in the morning hours. The early economic data was better than expected, followed by the latest reading of the University of Michigan's consumer confidence index holding firm with the prior 82.5 look. ECONOMIC EVENTS: In the U.S., personal income rose 0.2% in November, which was below expectations, though consumer spending was still up 0.5% in the month, matching expectations. The final reading of the Reuters/University of Michigan consumer sentiment index for December held steady at 82.5, consistent with the prior reading for the month. The Chicago Fed National Activity Index had a very positive reading of 0.60, indicating growth well above recent trends. Also of note, the International Monetary Fund raised its growth forecasts for the U.S. for the coming year. COMPANY NEWS: Shares of Apple (AAPL) advanced 3% after the iPhone maker disclosed yesterday that it had signed a long-awaited, multi-year deal with China Mobile (CHL), which has more than 750 million subscribers... Jos. A. Bank Clothiers (JOSB) rejected the $55.00 per share takeover proposal made by Men's Wearhouse (MW) on November 26, stating that that the price proposed "significantly undervalued the company and its near and long-term potential and was not in the best interest of the company's shareholders." In response, Men's Wearhouse stated it was "surprised" and continues to consider all options, including nominating director candidates at Jos. A. Bank's next annual meeting of shareholders. MAJOR MOVERS: Among the notable gainers was United Therapeutics (UTHR), which surged 25% after the FDA approved the company's treatment of pulmonary arterial hypertension and the stock was upgraded at JPMorgan and BMO Capital. Also higher was Xyratex (XRTX), which jumped about 27% after agreeing to be acquired by Seagate Technology (STX) for $13.25 per share in cash. Seagate shares were little changed following the deal announcement. Among the noteworthy losers was TESARO (TSRO), which fell 23% after secondary endpoints were not met in studies of the company's drug in development for the prevention of chemotherapy-induced nausea and vomiting. Also lower were shares of Northern Dynasty Minerals (NAK), which fell nearly 20% after reporting Rio Tinto (RIO) intends to undertake a strategic review, including a possible divestment, of its shareholding in Northern Dynasty. INDEXES: Near midday, the Dow was up 91.57, or 0.56%, to 16,312.71, the Nasdaq was up 39.53, or 0.96%, to 4,144.27, and the S&P 500 was up 11.05, or 0.61%, to 1,829.37.
News For AAPL;CHL;JOSB;MW;XRTX;STX;UTHR;TSRO;NAK;RIO From The Last 14 Days
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April 8, 2014
11:25 EDTAAPL3D Systems announces availability of Sense 3D scanner for Mac
3D Systems (DDD) announced earlier the immediate availability of the Sense 3D scanner for Apple's (AAPL) Mac and feature upgrades available with Sense software V1.1. The Sense is the first 3D scanner designed for the consumer and optimized for 3D printing. It is priced at $399.
09:35 EDTAAPLActive equity options trading on open
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09:04 EDTAAPLAmazon Instant Video says video streams on Prime Instant Video tripled y/y
Amazon Instant Videoannounced that video streams on Prime Instant Video nearly tripled year over year. According to a report from Qwilt, which tracks growth in online video usage, Amazon (AMZN) has now passed both Apple (AAPL) and Hulu (NWSA, DIS, CMCSA) in streaming video usage.
08:08 EDTAAPLCost to Apple, Google, Intel, of 'no-poaching' deal may be high, DealBook says
Some of the of the biggest names in tech, including Apple (AAPL), Google (GOOG), Intel (INTC)and Adobe (ADBE), are at the center of a class-action suit that seeks $9B as compensation for employees who contend the tech giants colluded to prevent their employees from being hired at rivals, reported The New York Times' DealBook. Reference Link
08:04 EDTAAPLiAnywhere could boost Apple earnings by over 10%, says JPMorgan
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07:22 EDTUTHRCaSA-ISPE to hold a conference
21st Annual Lilfe Sciences Technology Conference is being held in Raleigh, North Carolina on April 8.
06:24 EDTAAPLApple may develop baseband chpis for iPhones inhouse, DigiTimes says
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06:20 EDTAAPLApple may release iWatch in Q3, DigiTimes reports
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06:07 EDTAAPLMicrosoft investing in 'invisible user interface' technology, WSJ reports
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April 7, 2014
16:01 EDTAAPLOptions Update; April 7, 2014
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14:06 EDTAAPLApple slips to lows of the day, levels to watch
Shares were last at $522.56, just off the session low. At current price, next support is at $517.35. Resistance is at $527.67.
11:17 EDTUTHRUnited Therapeutics upgraded to Buy from Hold at Standpoint Research
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09:34 EDTAAPLActive equity options trading on open
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08:45 EDTAAPLInvenSense price target raised to $27 from $20 at Pacific Crest
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07:51 EDTAAPLApple sent iTV panel samples from Korean display maker, Korea Herald says
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07:37 EDTAAPLApple considered dumping long-time ad agency, WSJ reports
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07:27 EDTTSROAmerican Association of Cancer Research to hold annual meeting
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07:16 EDTAAPLRetailers muscle into competitive mobile payment market, Reuters says
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06:36 EDTAAPLApple's sales force worried about iPhone outlook, Re/code reports
Apple's (AAPL) sales force has been worried about weakness in the iPhone's market share, amid strong competition from Google's (GOOG) Android operating system, a document presented in a court case showed, Re/code reported on Friday. According to the internal Apple document, the only portions of the smartphone market showing growth were large devices costing more than $300 or devices that cost less than $300, the website stated. Reference Link
06:11 EDTRIORio Tinto fails to overturn court decision block Warkworth expansion, WSJ says
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