Stock Market & Financial Investment News

News Breaks October 16, 2012 05:55 EDT ACN Accenture awarded three year contract by Italian Medicines Agency Accenture has been awarded a new contract to develop, build and maintain an integrated Medicine Evaluation System by the Italian Medicines Agency, or AIFA, – the national authority responsible for approving new medicines. Over the next three years, Accenture will provide AIFA with management consulting and IT services supporting all AIFA processes for administration and medical technology. News For ACN From The Last 14 Days Check below for free stories on ACN the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 22, 2013 07:21 EDT ACN MIT Sloan Alumni Club of Boston to hold a symposium Subscribe for More Information May 20, 2013 16:22 EDT ACN On The Fly: Closing Wrap Subscribe for More Information 13:06 EDT ACN On The Fly: Midday Wrap Stocks on Wall Street were modestly higher at midday as the Dow and S&P seek to continue their march higher after closing last week at record levels. ECONOMIC EVENTS: In the U.S., the light domestic economic calendar included the Chicago Fed National Activity index, which slipped to -0.53 for April from its prior reading of -0.23. In Asia, the Hang Seng and Shanghai Composite both climbed after Chinese home prices were reported to have risen in April. COMPANY NEWS: Yahoo (YHOO) confirmed it is buying social media platform Tumblr for $1.1B, as widely reported over the weekend, and promised "not to screw it up" in its press release to announce the deal... Actavis (ACT) agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5B. The deal, which was approved by the boards of both companies, equates to a value of $20.08 per Warner Chilcott share based on Actavis' closing share price on Friday, the companies said. MAJOR MOVERS: Among the notable gainers were some other companies with M&A news: Acquity Group (AQ) shares more than doubled after Accenture (ACN) agreed to buy the company for $13.00 per American Depositary Share, and Pactera Technology (PACT) gained 31% after receiving a non-binding proposal from a Blackstone (BX) affiliate to be taken private for $7.50 per ADS. Among the noteworthy losers was XenoPort (XNPT), which fell 11% after one of its drugs failed in a Phase III trial for multiple sclerosis spasticity. Also lower were shares of Red Hat (RHT), which slid 4% following a downgrade to Market Perform at BMO Capital. INDICES: Near 1 pm ET, the Dow was up 13.67, or 0.09%, to 15,368.07; the Nasdaq was up 1.13, or 0.03%, to 3,500.10; and the S&P 500 was up 2.18, or 0.13%, to 1,669.65. 10:11 EDT ACN On The Fly: Analyst Upgrade Summary Subscribe for More Information 09:26 EDT ACN On The Fly: Pre-market Movers Subscribe for More Information 06:12 EDT ACN Accenture upgraded to Buy from Neutral at Goldman Subscribe for More Information May 17, 2013 16:34 EDT ACN Accenture acquires Acquity Group for $316M Subscribe for More Information 16:32 EDT ACN Accenture acquires Acquity Group for $316M Subscribe for More Information May 15, 2013 11:03 EDT ACN Accenture volatility low, shares near record high Subscribe for More Information May 14, 2013 06:31 EDT ACN Accenture selected by Reale Mutua Assicurazioni Group subsidiary Subscribe for More Information 06:17 EDT ACN Accenture awarded contract management consulting contract by Tullow Oil Subscribe for More Information May 9, 2013 07:29 EDT ACN Bernstein to host a conference 10th Annual IT Services Conference to be held in New York on May 9. Sign up for a free trial to see the rest of the stories you've been missing.