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Stock Market & Financial Investment News

News Breaks
January 22, 2013
05:55 EDTABT, ABT, UTX, UTX, TXT, TXT, TEL, TEL, STJ, STJ, DGX, DGX, PX, PX, MSI, MSI, MOLX, MOLX, MCD, MCD, GD, GD, COH, COH, BHI, BHI, ATI, ATI, APD, APD, WLP, WLPCompanies reporting Before the Market Open on Wednesday, January 23
Notable companies reporting before the opening bell include Abbott Laboratories (ABT), Air Products and Chemicals (APD), Allegheny Technologies (ATI), Baker Hughes (BHI), Coach (COH), General Dynamics (GD), McDonald's (MCD), Molex (MOLX), Motorola Solutions (MSI), Praxair (PX), Quest Diagnostics (DGX), St. Jude Medical (STJ), TE Connectivity (TEL), Textron (TXT), United Technologies (UTX) and WellPoint (WLP).
News For ABT;APD;ATI;BHI;COH;GD;MCD;MOLX;MSI;PX;DGX;STJ;TEL;TXT;UTX;WLP From The Last 14 Days
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November 14, 2014
08:04 EDTWLPWellPoint, Boehringer Ingelheim announce first project under collaboration
Boehringer Ingelheim Pharmaceuticals, WellPoint and HealthCore, announced that the companies are commencing a research project to identify and address unmet medical needs across populations of mutual interest. The first stage of the project will focus on non-valvular atrial fibrillation and will examine disease prevalence, treatment complications, such as hospital readmissions, and the use of evidence-based guidelines. This project is the first under the parties’ five-year research collaboration agreement, signed earlier this year. Information gathered through the NVAF project is intended to provide the basis for the collaborative development of healthcare interventions, which can be evaluated within WellPoint’s affiliated health plans and provider networks.
08:00 EDTBHIHalliburton, Baker deal would face 'intense' DOJ scrutiny, says Jefferies
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07:27 EDTBHIHalliburton acquisition of Baker Hughes would make sense, says Wells Fargo
After Baker Hughes (BHI) confirmed that it was in talks about selling itself to Halliburton (HAL) , Wells Fargo thinks the deal would make sense strategically, and says that a deal could be made. The firm says the deal would benefit both companies, and could be accretive for Halliburton. Wells keeps an Outperform rating on Halliburton.
07:14 EDTDGXAmerican College of Rheumatology is holding a meeting
2014 ACR/ARHP Annual Meeting is being held in Boston on November 14-19.
06:20 EDTBHICiti sees 10% accretion if Halliburton pays $66/share for Baker Hughes
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November 13, 2014
18:40 EDTBHIOn The Fly: After Hours Movers
UP AFTER EARNINGS: TubeMogul (TUBE), up 12.4%... Weibo (WB), up 3.2%... Nordstrom (JWN), up 3.1%. ALSO HIGHER: Geron (GERN), up 30.7% after announcing a global strategic collaboration with Janssen Biotech... Baker Hughes (BHI), up 16.2% following reports that the company is in talks to be acquired by Halliburton (HAL)... Halliburton is up 1.4%... Pandora (P), up 4% after announcing a conference call to discuss Web IV proceeding... AmerisourceBergen (ABC), up 1.1% after being awarded a $4.06B government contract. DOWN AFTER EARNINGS: Retrophin (RTRX), down 6.6%... Phoenix New Media (FENG), down 8.4%... Voxeljet AG (VJET), down 8.6%... Intrexon (XON), down 1.1%... Youku Tudou (YOKU), down 5.7%... Applied Materials (AMAT), down 2.5%. ALSO LOWER: Puma Biotechnology (PBYI), down 6.9% following PB272 Phase II Trial results... EnLink Midstream (ENLK), down 4.8% after filing to sell 10.5M common units representing limited partners.
18:33 EDTBHIBaker Hughes confirms preliminary discussions with Halliburton
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16:36 EDTBHIOn The Fly: Closing Wrap
Stocks on Wall Street saw another day of relatively quiet trading in a tight range, but the major averages once again finished the session higher than where they'd began. The Dow, powered by the post-earnings advance from Wal-Mart (WMT), led and closed at a new all-time high for the third time in the last four days. ECONOMIC EVENTS: In the U.S., initial jobless claims rebounded 12K to 290K in the week ending November 8, versus expectations for 280K first-time claims. The Job Openings and Labor Turnover Survey, or JOLTs report, showed job openings fell to 4.335M in September, versus the consensus forecast for 4.8M openings. The Treasury reported a $121.7B budget deficit for October, versus the consensus deficit forecast of $117B. COMPANY NEWS: Wal-Mart led the Dow, advancing $3.74, or 4.72%, to $82.94 after the world's largest retailer's earnings beat expectations and it reported U.S. comparable store sales grew 0.5% during the just-completed quarter... Warren Buffett’s Berkshire Hathaway (BRK.A) agreed to acquire the Duracell battery business from Procter and Gamble (PG) via a stock swap. In exchange for a recapitalized Duracell company, which will include approximately $1.7B in cash at closing, P&G will receive shares of its own common stock currently held by Berkshire having a current value of approximately $4.7B, the companies announced. Shares of Procter & Gamble, which also guided to FY15 core EPS growth in a mid-single digit percentage range, fell 88c, or 0.98%, to $88.60 after the deal was announced and guidance was issued. MAJOR MOVERS: Among the notable gainers was Baker Hughes (BHI), which surged $7.77, or 15.24%, to $58.75 after The Wall Street Journal said the company is in fast-moving talks to be acquired by larger peer Halliburton (HAL), which also rose 56c, or 1.05%, to $53.79 following the report. Also higher was DreamWorks Animation (DWA), which jumped $3.15, or 14.08%, to $25.52 after several media outlets reported that the animated movie maker company was in talks about selling itself to toy maker Hasbro (HAS). Hasbro shares fell $2.49, or 4.33%, to $54.98 following the reports. Also lower were shares of Revance (RVNC), which fell $4.93, or 23.48%, to $16.07 after the company said last night that the preliminary results from its ongoing open-label study suggest it still has "some work to do" to increase the probability of success for its upcoming Phase 3 pivotal program for RT001. INDEXES: The Dow rose 40.59, or 0.23%, to 17,652.79, the Nasdaq gained 5.01, or 0.11%, to 4,680.14, and the S&P 500 added 1.08, or 0.05%, to 2,039.33.
16:01 EDTBHIBaker Hughes calls active on consolidation reports
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15:53 EDTBHIBaker Hughes gaps up after trading halt
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15:51 EDTBHIHalliburton calls active on talks to acquire Baker Hughes, reports
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15:45 EDTBHIHalliburton, Baker Hughes in fast-moving merger talks, WSJ reports
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15:37 EDTBHIBaker Hughes jumps 1.3%, halted for volatility after report on Halliburton talks
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15:37 EDTBHIHalliburton in fast-moving talks to acquire Baker Hughes, DJ reports
10:36 EDTGDGeneral Dynamics Canada awarded two contracts on Mercury Global Project
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10:02 EDTTXTHoneywell selected as production aircraft engine supplier for AirLand Scorpion
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10:02 EDTGDGeneral Dynamics Land Systems-Canada awarded C$287M contract from Canada
The Government of Canada has awarded a C$287M contract to General Dynamics Land Systems-Canada for the provision and integration of an enhanced surveillance suite on to Canadian LAV III Upgrade vehicles, known as LAV 6.0. The upgraded surveillance system will include a 10-meter retractable mast, an Operator Control Station and a surveillance suite inclusive of radar, thermal/day and image intensification sights, laser range finder and GPS mounted on a stabilized platform. These enhancements will allow for superior detection ranges, on-the-move operation, integrated silent watch power management and the transmission of images through the communications system. Deliveries of LAV 6.0 vehicles equipped with the upgraded surveillance suite will commence in December 2016.
10:01 EDTDGXOn The Fly: Analyst Upgrade Summary
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06:16 EDTDGXLabCorp downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded LabCorp (LH) to Hold saying revenue synergies from the Covance (CVD) acquisition are "hard to envision." The firm believes LabCorp is now less of a pure play in the Clinical Labs space and lowered its price target for shares to $115 from $120. Deutsche coupled the downgrade with an upgrade of peer Quest (DGX).
06:13 EDTDGXQuest Diagnostics upgraded to Buy from Hold at Deutsche Bank
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