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Stock Market & Financial Investment News

News Breaks
May 19, 2014
05:55 EDTABTAbbott upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded Abbott Laboratories to Outperform citing higher growth assumptions with the acquisition of CFR Pharmaceuticals. The firm raised its price target for shares to $46 from $44.
News For ABT From The Last 14 Days
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July 16, 2014
07:46 EDTABTAbbott reports Q2 ongoing EPS 54c, consenus 51c
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July 15, 2014
15:19 EDTABTNotable companies reporting before tomorrow's open
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14:40 EDTABTEarnings Preview: Abbott targets continued gains in emerging markets
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11:13 EDTABTPerrigo retreats after analyst sees limited potential buyers
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06:15 EDTABTAbbott unit sale to Mylan 'a wash,' says Citigroup
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July 14, 2014
16:30 EDTABTOn The Fly: Closing Wrap
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12:21 EDTABTOn The Fly: Midday Wrap
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11:13 EDTABTAbbott CEO aims to boost medical device line, Reuters says
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09:16 EDTABTOn The Fly: Pre-market Movers
HIGHER: Citigroup (C), up 3.6% after reporting better than expected Q2 results, announcing $7B settlement with DOJ and FDIC... Apple (AAPL), up 0.7% after Barclays upgrades stock to Overweight, Morgan Stanley raises Apple estimates above consensus... Shire (SHPG), up 1.6% after receiving revised proposal from AbbVie (ABBV) of GPB 53.20 per share, which it says it would be willing to recommend to Shire shareholders. AbbVie is down 2.8% after the news... Mylan (MYL), up 4% after acquiring Abbott's (ABT) non-U.S. developed markets specialty and branded generics business in all-stock transaction valued at about $5.3B. Abbott up 1.6% after the news... Progenics (PGNX), up 13% after FDA says RELISTOR can be approved on data submitted in sNDA... Exelixis (EXEL), up 13% after announcing coBRIM Phase 3 trial met primary endpoint... URS (URS) up 8% after acquired by AECOM Technology (ACM) for $56.31 per share. AECOM shares alos up 2% after deal announcement... Whiting Petroleum (WLL), up 4.5% after agreeing to acquire Kodiak Oil & Gas (KOG) in a $6B transaction. Kodiak Oil & Gas up 3%... Kandi Technologies (KNDI), up 11% after announcing JV's sale of 4,114 EVs in Q2. LOWER: Riverbed (RVBD), down 4.5% after saying it sees its Q2 adjusted EPS at low end of 26c-28c range... Harmonic (HLIT), down 13% after reporting preliminary Q2 earnings results.. EBay (EBAY), down 0.5% after downgraded at Pacific Crest, confirming partnership plans with Sotheby's (BID).
08:55 EDTABTMylan says does not anticipate regulatory hurdles prohibiting close of deal
08:49 EDTABTMylan says Abbott assets unlike other mature generic drug portfolios
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08:36 EDTABTMylan accretive tax inversion deal makes sense, says UBS
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08:27 EDTABTMylan sees Abbott transaction to be 'immediately and significantly accretive'
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08:26 EDTABTMylan sees $10B in pro forma 2014 sales after closing Abbott deal
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08:12 EDTABTMylan says Abbott deal 'first in series' of planned transactions
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07:28 EDTABTMylan to host conference call
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07:20 EDTABTAbbott to host conference call
Conference call to discuss agreement to sell developed markets branded generics pharmaceuticals business to Mylan will be held on July 14 at 9:30 am. Webcast Link
06:33 EDTABTAbbott to sell developed markets generics pharmaceuticals business to Mylan
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06:33 EDTABTMylan to acquire Abbott assets in all-stock transaction valued at about $5.3B
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06:31 EDTABTAbbott to sell developed markets generics pharmaceuticals business to Mylan
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