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Stock Market & Financial Investment News

News Breaks
July 11, 2014
16:46 EDTECOM, SLXP, RAI, ABBV, VZ, AA, LO, AMZN, PETM, WFC, SHPGStocks end week lower on European, Fed concerns
Stocks finished the week lower as problems experienced by a Portuguese bank and a statement by the Fed worried investors. MACRO NEWS: The shares of Portugal's largest bank, Banco Espirito Santo, plunged yesterday after its parent company reportedly missed a debt payment and was accused of accounting irregularities. The news triggered fresh fears about Europe's financial stability. However, Portugal's central bank today said that Banco Espirito's funds are undoubtedly secure... The Fed was concerned that investors may not be adequately factoring in uncertainty about the outlook for the economy and monetary policy, minutes of the central bank's last meeting indicated. The central bank also indicated that it would likely end the tapering of its asset purchases in October... On a positive note, fewer new jobless claims than expected were filed last week. Additionally, Chinese inflation for June came in slightly below expectations, leading to speculation that Beijing would be able to implement additional stimulus measures. COMPANY NEWS: Earnings season kicked off, with Alcoa (AA) reporting stronger than expected results. Wells Fargo (WFC) became the first large bank to report results this earnings season. Its revenue surpassed expectations but its profits were in-line with the consensus estimate... In M&A news, AbbVie (ABBV) raised its takeover bid for U.K.-based Shire by 11% to over $51B in cash and stock. Another drug company, Salix (SLXP), announced that it would merge with its U.K.-based peer, Cosmo Technologies. The deal is expected to lower Salix's effective long-term tax rate from a high 30% level to a low 20% level. In the tobacco sector, Lorillard (LO) and Reynolds American (RAI) confirmed earlier today that they are holding talks about a possible merger, as has been speculated by various media reports in recent weeks... Longview Asset Management announced that it had obtained a 9% stake in pet supplies and services retailer PetSmart (PETM) and recommended that the retailer engage advisors for the purpose of exploring a potential sale and "other strategic alternatives," as had been suggested by another large investor in the stock, Jana Partners... Verizon (VZ) CEO Lowell McAdam said in an interview on CNBC that his company had added over 1.4M postpaid subscribers in Q2, with "record" tablet growth and "very strong" smartphone growth... Consulting firm ChannelAdvisor (ECOM) reported that Amazon's (AMZN) same-store sales growth had accelerated significantly in June compared with May. INDEXES: This week, the Dow fell 0.73% to 16,943.81, the Nasdaq fell 1.57% to 4,415.49, and the S&P 500 fell 0.9% to 1,967.51.
News For ABBV;SHPG;LO;RAI;WFC;AA;SLXP;PETM;VZ;ECOM;AMZN From The Last 14 Days
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June 23, 2015
18:00 EDTVZS&P announces changes to the S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: Columbia Pipeline Group (CPGX) will replace Allegheny Technologies (ATI) in the S&P 500, Allegheny Technologies will replace Unit Corp. (UNT) in the S&P MidCap 400, and Unit Corp. will replace PetroQuest Energy (PQ) in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. S&P 500 constituent NiSource (NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. Allegheny Technologies, Unit and PetroQuest are all ranked near or at the bottom of their current indices. S&P SmallCap 600 constituent Casey’s General Stores (CASY) will replace AOL (AOL) in the S&P MidCap 400, and Nektar Therapeutics (NKTR) will replace Casey’s General Stores in the S&P SmallCap 600 after the close of trading on Thursday, June 25. S&P 100 & 500 constituent Verizon (VZ) acquired AOL in a transaction completed today. TopBuild (BLD) will replace Aéropostale (ARO) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent Masco (MAS) is spinning off TopBuild in a transaction expected to be completed on that date. Masco will remain in the S&P 500 following the distribution. Aéropostale is ranked near the bottom of the S&P SmallCap 600. “New” Gannett Co. (GCI) will replace Quiksilver (ZQK) in the S&P SmallCap 600 after the close of trading on Friday, June 26. S&P 500 constituent Gannett Co. (GCI) is spinning off “new” Gannett Co. in a transaction expected to be completed on that date. Post spin, the parent company will change its name to TEGNA. and trade under the symbol “TGNA”. It will remain in the S&P 500 following the distribution. Quiksilver is ranked near the bottom of the S&P SmallCap 600. Cable ONE Inc. (CABO) will replace Peabody Energy (BTU) in the S&P MidCap 400 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Graham Holdings Company (GHC) is spinning off CableOne in a transaction expected to be completed on that date. Graham Holdings will remain in the S&P MidCap 400 following the distribution. Peabody Energy is ranked near the bottom of the S&P MidCap 400. The Chemours Co. (CC) will replace Semtech Corp. (SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore (PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices. “New “ Energizer Holdings (ENR) will replace Harsco (HSC) in the S&P MidCap 400, and Harsco will replace FXCM (FXCM) in the SmallCap 600 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Energizer (ENR) is spinning off “new” Energizer in a transaction expected to be completed on that date. Post spin, the parent company will change its name to Edgewell Personal Care Co. and trade under the symbol “EPC”. It will remain in the S&P MidCap 400 following the distribution. Harsco and FXCM are ranked near or at the bottom of their current indices.
16:00 EDTAMZNOptions Update; June 23, 2015
iPath S&P 500 VIX Short-Term Futures down 46c to 17. Option volume leaders: AAPL FB AAPL T BAC MU BTU WMB AMZN TWTR BBRY
14:57 EDTAMZNAmazon.com to remove Confederate flag merchandise from site, Reuters says
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14:42 EDTAMZNAmazon.com to remove Confederate flag merchandise from site, Reuters says
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13:02 EDTWFCSumitomo, others show interest in GE railway-leasing business, WSJ says
Japan's Sumitomo Mitsui Financial Group is interested in buying General Electric's (GE) railway-leasing business, says the Wall Street Journal, citing sources. Wells Fargo (WFC) and other U.S. financial institutions have also shown interest in GE Capital Rail Services, which may be worth around $4B, added the Wall Street Journal, citing people familiar with the matter. Reference Link
11:00 EDTAMZNOptions with increasing implied volatility
Options with increasing implied volatility:TRIP WPZ CMG BIIB WMB AMZN ISRG VMW
09:01 EDTAMZNAmazon.com says Amazon Echo now available to all customers
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08:42 EDTVZVerizon completes acquisition of AOL
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08:20 EDTAMZNCLSA IT outsourcing analyst holds an analyst/industry conference call
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07:46 EDTAMZNPiper Jaffray to hold a field trip
Seattle Field Trip travels throughout Seattle visiting with Costco, Starbucks and Amazon on June 23-24.
06:04 EDTAMZNOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
05:56 EDTAMZNStocks with implied volatility movement; AMZN AMBA
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June 22, 2015
17:43 EDTAMZNAmazon to pay independent authors by number of pages read, Reuters says
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17:42 EDTVZVerizon offers raises to 38K employees
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16:44 EDTVZVerizon names Scott Krohn as Treasurer
Fran Shammo, CFO, Verizon (VZ), announced that Scott Krohn will join Verizon on July 6 as Treasurer, succeeding Matt Ellis, who was previously appointed to lead Finance in Verizon's Operations organization. Before joining Verizon, Krohn VP - Tax and Treasurer at 3M Company (MMM), where for the last three years his areas of focus included capital structure strategy and execution, pension asset management, financial risk management, and more recently tax planning and governance. Prior to this, Krohn worked for almost 15 years at Ford Motor Company, where he held a number of finance leadership positions in the U.S. and overseas, with his most recent roles there focusing on financial strategy and debt capital markets.
15:21 EDTAAAlcoa slides after analyst downgrades shares due to lack of catalysts
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10:00 EDTAAOn The Fly: Analyst Downgrade Summary
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08:16 EDTAAAlcoa downgraded on lack of catalysts, risk/reward at Sterne Agee CRT
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06:24 EDTAAAlcoa downgraded to Neutral from Buy at Sterne Agee CRT
06:23 EDTAMZNAmazon updates customer reviews system with machine learning, CNet says
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