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Stock Market & Financial Investment News

News For AHS;CMCSA;GRPN;MOH;NNA;PM;PL;UTIW;WU;PRO;IRWD;ZMH;MDU;BPL From The Last 14 Days
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November 26, 2014
10:11 EDTWUOn The Fly: Analyst Initiation Summary
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06:15 EDTWUWestern Union initiated with a Hold at Topeka
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November 25, 2014
13:16 EDTGRPNAngie's List retreats after Amazon reportedly launches local services site
Shares of Angie's List (ANGI) are sinking after The Wall Street Journal reported this morning that Amazon.com (AMZN) had launched a website that will connect consumers to local service providers. Angie's List connects users to local contractors and publishes consumers' reviews of contractors. WHAT'S NEW: Amazon.com launched its website featuring information about local contractors in New York, Los Angeles, and Seattle, The Journal reported, citing an unnamed source who was briefed on the company's plan. Called Amazon Local Services, the website is part of the e-commerce giant's attempt to compete with traditional stores, The Journal said. WHAT'S NOTABLE: Reuters reported last June that Amazon planned to launch a local services website. Last month, research firm Wunderlich said that Angie's List could be a logical takeover target for Amazon or eBay (EBAY). Wunderlich issued its note after The Financial Times reported that Angie's List had hired bankers to help it explore strategic options, including a possible sale of the company. ANALYST REACTION: In a note to investors today, Robert W. Baird analyst Colin Sebastian wrote that Amazon's service should be appealing to users searching for local services or shopping for products that have to be serviced. Moreover, service providers should also find value in Amazon's website, Sebastian stated. Service providers will only have to pay Amazon a share of the revenue they receive from customers they obtain from the website, the analyst wrote. Also, Amazon's popularity will enable it to bring meaningful amounts of business to the service providers, Sebastian wrote. He kept a $340 price target and Outperform rating on Amazon shares. Sebastian also noted that the market is increasingly competitive, with Groupon (GRPN) and Yelp (YELP) among the other public companies in the space, and he said he expects Facebook (FB) and Google (GOOG) to build more local services over time. PRICE ACTION: In early afternoon trading, Angie's List fell 4% to $6 and Amazon slid 1% to $332.50.
12:22 EDTGRPNAmazon uniquely positioned in home services market, says RW Baird
After the Wall Street Journal this morning highlighted the recent roll-out of Amazon (AMZN) Local Services in select U.S. cities, RW Baird analyst Colin Sebastian says the tech giant is "uniquely positioned" in the $400B home services market given its position in e-commerce and ability to geo-target traffic to local service professionals. Sebastian notes the market is increasingly competitive, with Angie's List (ANGI), Groupon (GRPN) and Yelp (YELP) among the public companies in the space. He also expects Facebook (FB) and Google (GOOG) to build more local services over time. Sebastian keeps an Outperform rating on Amazon, point out Baird's initial e-commerce checks suggest a solid start to holiday shopping.
07:44 EDTCMCSAComcast added to US 1 List at BofA/Merrill
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November 24, 2014
11:25 EDTZMHStryker, Smith & Nephew rise after reports of renewed bid
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08:37 EDTMDUAllete finalizes development agreement with MDU Resources
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08:33 EDTMDUMDU Resources unit to acquire North Dakota wind farm tpo be developed by Allete
Montana-Dakota Utilities Co., a division of MDU Resources Group (MDU), has signed an agreement to purchase a North Dakota wind farm to be developed by ALLETE Clean Energy, a subsidiary of ALLETE, Inc. (ALE). The wind project, located near Hettinger, N.D., and comprised of 43 turbines producing 107.5 megawatts of electricity, is anticipated to be completed in December 2015. The projectís cost is approximately $200M and the purchase is subject to regulatory approvals.
08:31 EDTWUWestern Union unlikely to undergo LBO, says SunTrust
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November 21, 2014
16:10 EDTBPLBuckeye Partners files to sell $1B limited partnership unit shelf
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11:54 EDTCMCSAFCC order on contracts in Comcast merger review blocked by court, Bloomberg says
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10:01 EDTWUOn The Fly: Analyst Initiation Summary
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09:33 EDTGRPNGroupon mentioned positively at ITG Research
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08:06 EDTCMCSAComcast Time Warner Cable outlook positive, says Wells Fargo
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06:25 EDTWUWestern Union initiated with a Neutral at Compass Point
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November 20, 2014
10:33 EDTZMHHigh option volume stocks
High option volume stocks: KBR LM PRGO CHRW DG ZMH LGF ZTS OSIR REGI
09:46 EDTAHSAMN Healthcare added to Conviction List at Avondale
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09:02 EDTIRWDIronwood earns $15M milestone from Astellas Pharma
Ironwood Pharmaceuticals has earned a $15M development milestone payment from Astellas Pharma Inc., its partner for linaclotide in Japan. This milestone was triggered by Astellasís enrollment of the first patient in a randomized, double-blind, placebo-controlled Phase III clinical trial of linaclotide in adult patients with irritable bowel syndrome with constipation in Japan. Astellas expects to complete the Phase III trial in 2016. Ironwood and Astellas entered into a licensing agreement in 2009 to develop and commercialize linaclotide in Japan for the treatment of IBS-C, chronic constipation and other gastrointestinal conditions. Per the agreement, Astellas paid Ironwood a $30M upfront licensing fee. In addition to the $15M development milestone payment upon enrollment of the first patient in the Phase III trial, the agreement also includes additional development milestone payments that could total up to $30M, consisting of $15M upon filing for regulatory approval in Japan and $15M upon receipt of approval. The agreement also provides for Ironwood to receive royalties which escalate based on sales volume. Astellas also plans to expand its development of linaclotide in Japan and is entering into a Phase II clinical trial with linaclotide in adults with chronic constipation. If approved, the same royalty terms would apply.
07:50 EDTNNANavios Acquisition reports Q3 adjusted EPS 2c, consensus 1c
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07:16 EDTCMCSACharter could look to buy Time Warner Cable if Comcast deal fails, WSJ says
John Malone, the chairman of Liberty Media (LMCA), said Charter Communications (CHTR) would look to buy Time Warner Cable (TWC) if TWC's deal with Comcast (CMCSA) falls through, The Wall Street Journal reports. Malone told shareholders at Liberty's investor day that he would pursue "an outright purchase" of Time Warner Cable if regulators don't approve the Comcast deal. Reference Link
November 19, 2014
18:22 EDTGRPNOn The Fly: After Hours Movers
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17:08 EDTGRPNGroupon director discloses 30K share purchase at $7.75
Groupon director Daniel Henry disclosed the purchase of 30K shares at a price of $7.75. Shares of Groupon are up 1.31%, or 9c, to $7.35 in after hours trading.
13:29 EDTCMCSACharter CEO sees Comcast, Time Warner Cable deal getting done
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13:06 EDTCMCSADeutsche Telekom CEO says T-Mobile could again attract suitors, Bloomberg says
Bloomberg quotes Deutsche Telekom (DTEGY) CEO Timotheus Hoettges speaking in interview as having said that T-Mobile (TMUS) could attract interest from suitors such as Comcast (CMCSA), DISH (DISH) or America Movil (AMOV, AMX).
10:17 EDTPMPhilip Morris reaffirms FY14 reported EPS view $4.76-$4.81
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09:11 EDTZMHZimmer reports Synovasure PJI test earns certification
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November 18, 2014
11:16 EDTWUWestern Union downgraded to Hold from Buy at Standpoint Research
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07:30 EDTZMHZimmer agrees with EC to extend deal review deadline by 'limited number of days'
Zimmer Holdings announced that it has agreed with the European Commission to extend the deadline for the EC's review of Zimmer's proposed acquisition of Biomet by a "limited number of days" in order to provide the EC with certain additional information. Under the previous timeline, the EC had until March 11, 2015 to make a final decision on the proposed transaction. As a result of this extension, the deadline for the EC's final decision will be extended by the limited amount of additional time that Zimmer has agreed to provide to the EC. "Deadline extensions are not uncommon in such in-depth investigations. Zimmer has been working closely with the regulatory authorities to facilitate their review of the pending transaction and is encouraged by the substantial progress that has been made to date in connection with the overall regulatory process. Zimmer continues to expect to close the transaction in the first quarter of 2015," the company said.
November 17, 2014
15:36 EDTWUSnapchat partners with Square on money messaging service, Re/code reports
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12:31 EDTGRPNGroupon acquires marketing startup Swarm Mobile
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06:35 EDTCMCSA'Dumb and Dumber To' takes first at the box office from 'Big Hero 6', WSJ says
Comcast (CMCSA) company Universal Pictures' "Dumb and Dumber To" brings in $38.1M at the box office, taking first away from Disney's (DIS) "Big Hero 6," which brought in $36M this weekend, reports the Wall Street Journal. "Big Hero 6" has a two week total of $111.7M in North America, the Journal adds. Reference Link
November 14, 2014
12:53 EDTGRPNOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
10:00 EDTNNAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AbbVie (ABBV) initiated with a Buy at Deutsche Bank... Advance Auto Parts (AAP) initiated with a Buy at Sterne Agee... AutoZone (AZO) initiated with an Underperform at Sterne Agee... Carter's (CRI) initiated with a Buy at Sterne Agee... Children's Place (PLCE) initiated with a Neutral at Sterne Agee... Container Store (TCS) initiated with a Fair Value at CRT Capital... DHT Holdings (DHT) initiated with a Buy at UBS... Diana Shipping (DSX) initiated with a Neutral at UBS... Genuine Parts (GPC) initiated with a Neutral at Sterne Agee... National Oilwell (NOV) initiated with a Neutral at UBS... Navios Acquisition (NNA) initiated with a Buy at UBS... NeoStem (NBS) assumed with a Buy at Maxim... O'Reilly Automotive (ORLY) initiated with a Neutral at Sterne Agee... Scorpio Bulkers (SALT) initiated with a Neutral at UBS... Star Bulk Carriers (SBLK) initiated with a Neutral at UBS... Teekay Tankers (TNK) initiated with a Buy at UBS... The Buckle (BKE) initiated with an Underweight at BB&T... TriMas (TRS) initiated with an Overweight at JPMorgan... TriplePoint Venture (TPVG) initiated with a Buy at UBS... Tsakos Energy (TNP) initiated with a Buy at UBS... USD Partners (USDP) initiated with an Outperform at Credit Suisse... Zumiez (ZUMZ) initiated with a Buy at BB&T.
09:38 EDTGRPNJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
05:30 EDTNNANavios Acquisition initiated with a Buy at UBS
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November 13, 2014
13:57 EDTMDUMDU Resources trading resumes, shares down 32c to $25.10
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13:54 EDTMDUMDU Resources provides update on capital plan
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13:51 EDTMDUMDU Resources raises CapEx forecast for 2015-2019 to $1.631B
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13:49 EDTMDUMDU Resources raises quarterly dividend to 18.25c from 17.75c per share
The dividend is payable Jan. 1, 2015, to stockholders of record Dec. 11, 2014.
13:45 EDTMDUMDU Resources trading halted, pending news
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09:48 EDTNNANavios Maritime Midstream opens at $13.20, IPO priced at $15
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09:41 EDTNNANavios Maritime Midstream IPO indicated to open $13
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09:38 EDTNNANavios Maritime Midstream IPO indicated to open $13-$13.25
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09:33 EDTNNANavios Maritime Midstream IPO indicated to open $14.50
Navios Maritime Midstream Partners (NAP) priced 8.1M shares at $15.00. BofA/Merrill, Citigroup, Credit Suisse and JPMorgan acted as joint book running managers for the offering. Navios Maritime Midstream Partners is a recently formed subsidiary of Navios Maritime Acquisition Corporation (NNA).
09:06 EDTCMCSAComcast and Boys & Girls Clubs of America launch My Future Technology initiative
Comcast NBCUniversal and Boys & Girls Clubs of America have entered into a five-year national partnership valued at tens of millions of dollars in cash and in-kind support. The partnership includes the launch of My.Future, a new technology initiative designed to teach Club members about our digital world and ignite their passion for technology.
07:24 EDTAHSSunTrust to hold a conference
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06:17 EDTCMCSASony unveils PlayStation Vue, a cloud-based TV service
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06:02 EDTCMCSAComcast moving ahead with $45B acquisition of Time Warner Cable, AP reports
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