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December 26, 2014
16:18 EDTGRPNOn The Fly: Closing Wrap
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12:02 EDTGRPNOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, putting the Dow on track for a seventh straight session of gains and pushing the S&P 500 nearer to its next round-number milestone. There has been little movement since the open, as the averages have moved in a narrow range. The volume is light, which is expected due to the many investors extending the holiday weekend. ECONOMIC EVENTS: In the U.S., no major economic reports were released. In Asia, the People's Bank of China is said to be weighing a move to would boost liquidity conditions by changing its rules on how loan-to-deposit ratios are calculated at banks. Additionally, Japan's industrial production activity fell 0.6% in November, versus expectations for a 0.8% gain. COMPANY NEWS: Shares of (AMZN) climbed nearly 2% after the company announced that more than 10M of its customers had joined its Prime service for the first time this holiday season. A number of analysts have said that Prime members order significantly more products from Amazon than the company's customers who are not Prime members. "We are working hard to make Prime even better and expanding the recently launched Prime Now to additional cities in 2015,” said CEO Jeff Bezos. Prime Now, which launched in select areas of Manhattan on Dec. 18, offers one-hour delivery on "tens of thousands" of products... Sony's (SNE) PlayStation Network and Microsoft's (MSFT) Xbox Live service have been experiencing regular outages since Wednesday. Each of the game networks' owners have confirmed they have been having “network issues,” without reporting a cause, but various reports have attributed the outages to DDoS attacks from a hacker group calling itself “Lizard Squad.” MAJOR MOVERS: Among the notable gainers was Groupon (GRPN), which rose over 6% after Korea Times reported that the company's 100% owned Ticket Monster is drawing interest from Goldman Sachs' (GS) private equity arm. Among the noteworthy losers was NQ Mobile (NQ), which was giving up about 6% of the 35% advance the stock had on Wednesday after the company authorized the repurchase of up to $80M of its shares. INDEXES: Near midday, the Dow was up 45.44, or 0.25%, to 18,075.65, the Nasdaq was up 28.55, or 0.6%, to 4,802.02, and the S&P 500 was up 8.81, or 0.42%, to 2,090.69.
11:20 EDTGRPNGroupon may sell Ticket Monster to Goldman Sachs, Korea Times says
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December 23, 2014
13:33 EDTMOHStudy finds ACA premiums for 2015 didn't increase
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13:17 EDTMOHAlmost 2M more Americans enroll in Obamacare, Reuters says
About 1.9M new consumers have signed up for private plans on Obamacare's federal website for 2015, bringing the total number of enrollees in such plans to 6.4M, according to Reuters. The government had hoped to enroll 9.1M Americans in Obamacare, including individuals who buy plans in state-run websites, the news service stated. Publicly traded health insurers include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP). Reference Link
11:38 EDTZMHZimmer merger may hinge on DOJ, SEC probes of Biomet, DealBook reports
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December 22, 2014
16:14 EDTAHSAMN Healthcare acquires clinical labor management services provider Avantas
AMN Healthcare Services announced the acquisition of Avantas, a provider of clinical labor management services, including workforce consulting, data analytics, predictive modeling and SaaS-based scheduling technology. The purchase price includes an initial payment of $16.5M, with an earn-out potential of up to $8.5M based on future operating performance. The acquisition was funded out of cash on hand and borrowings under the company's existing revolving credit facility. The 2014 projected revenue of Avantas is approximately $8M, and the acquisition is expected to be neutral to AMN's earnings in 2015 and accretive by 2016. Further information regarding this acquisition will be provided during AMN's Q4 earnings call to be held in February, the company said.
15:50 EDTCMCSADISH files reply in support of petitions to deny Comcast-Time Warner Cable deal
DISH Network (DISH) announced it has filed its reply at the FCC to Comcast (CMCSA) and Time Warner Cable’s (TWC) opposition to the petitions to deny the companies' proposed merger, citing irreparable harm to competition and consumers, and no discernible benefits, from the proposed union of the first and second largest cable companies in the U.S. Jeff Blum, SVP and deputy general counsel for DISH, said, “More than 54% of the country's high-speed broadband connections would be controlled by the combined company, and all online video distributors would be at the mercy of Comcast-TWC.”
15:38 EDTCMCSAFCC stops clock on review of Time Warner Cable-Comcast merger
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15:19 EDTCMCSAComcast, Time Warner Cable merger delayed again by FCC, Bloomberg says
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09:31 EDTGRPNideel said has seen strong December demand, 'huge' Black Friday weekend
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08:05 EDTGRPNGroupon a top pick for 2015, says Brean Capital
Brean Capital said Groupon is a top pick for 2015 as they believe the company will improve gross margins of its Goods effort and sustain growth for its North American Daily Deals. Brean Capital reiterates its Buy rating and raised its price target to $11 from $10 on Groupon shares.
06:22 EDTCMCSAHulu signs agreement with FX productions
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December 21, 2014
17:02 EDTCMCSADISH, Comcast's SportsNet work out pact in regional dispute, Reuters says
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December 19, 2014
07:25 EDTPMPhilip Morris weakness overdone, says Wells Fargo
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December 18, 2014
18:00 EDTUTIWUTi Worldwide says exploratory talks occurred in response to DSV, Bloomberg says
UTi Worldwide says talks were preliminary with DSV, and no talks currently between companies, Bloomberg added.
16:10 EDTPLGabelli reports 5.09% stake in Protective Life
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16:08 EDTNNANavios Acquisition announces employment for two MR2 tankers
Navios Maritime Acquisition announced that the Nave Pyxis and the Nave Sextans have been chartered out to a high quality counterparty for three years at a rate of $16,294 net per day. The vessels are expected to generate approximately $7.0M of annual EBITDA assuming operating expense approximating current operating costs and 360 revenue days per year.
08:49 EDTAHSAMN Healthcare to hold a conference call
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08:19 EDTAHSAMN Healthcare acquisition positive, says SunTrust
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December 17, 2014
16:07 EDTAHSAMN Healthcare to acquire Onward Healthcare, Locum Leaders, Medefis
AMN Healthcare Services announced a definitive agreement to acquire Onward Healthcare, Locum Leaders and Medefis from OGH, LLC for a total purchase price of $82.5M. The acquisition is expected to be accretive to AMN's earnings in 2015, and will be funded out of cash on hand and borrowings under the Company's existing revolving credit facility. OGH, LLC is a healthcare and technology workforce solutions holding company, and includes Onward Healthcare, a national nurse and allied healthcare staffing firm; Locum Leaders, a national locum tenens provider; and Medefis, a provider of a SaaS-based vendor management system for healthcare facilities. The 2014 projected consolidated revenue for the three companies is $112M, with anticipated EBITDA of approximately $10M. The acquisition, subject to regulatory approvals and customary closing conditions, is expected to close by mid-January 2015.
13:03 EDTGRPNGroupon jumps 5% after positive mention by Leon Cooperman
Shares of Groupon are trading higher after Leon Cooperman of Omega Advisors said on CNBC that his firm believes shares are worth 40%-50% more than current trading levels. Cooperman added that the provider of coupons is not a large holding for Omega. Groupon shares are up 5%, or 32c, to $7.15 in afternoon trading.
12:59 EDTGRPNCooperman says Groupon not a big position for Omega
12:59 EDTGRPNCooperman says Groupon worth 40%-50% more than current levels
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12:58 EDTGRPNCooperman talks about new position in Groupon
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11:09 EDTCMCSAFormer Hulu CEO gears up to launch Vessel, Re/code reports
Former Hulu CEO Jason Kilar is getting ready to launch a web video service called Vessel, which utilizes YouTube stars, Re/code reports. Reference Link
10:51 EDTMOHLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Gupte provides outlook and favorite names for 2015 in the Hospitals and Managed Care Industry on an Analyst/Industry conference call to be held on December 18 at 1 pm.
07:20 EDTNNACapital Link to hold a forum
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December 16, 2014
08:29 EDTCMCSAComcast to launch online live stream of NBC, WSJ reports
Comcast's (CMCSA) NBC is launching a live stream of its broadcast network online today and plans for it to be available on mobile platforms early next year, but NBC does not plan to sell a separate online version without requiring a pay-TV subscription, unlike peers CBS (CBS) and Time Warner’s (TWX) HBO, said The Wall Street Journal. Reference Link
06:46 EDTCMCSAComcast to allow Roku users to stream premium channels, Re/code says
Comcast reached a deal with set-top box company Roku that should allow its users to stream HBO and Showtime by authenticating subscriptions to their respective apps, reports Re/code.Reference Link
December 15, 2014
09:08 EDTPLProtective Life sees closing of Dai-ichi deal on or about February 1, 2015
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08:34 EDTCMCSANexstar announces long-term affiliation agreement with NBC Television Network
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07:15 EDTPROPROS management to meet with Deutsche Bank
Meeting to be held in New York on December 15 hosted by Deutsche Bank.
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