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Stock Market & Financial Investment News

News Breaks
December 11, 2012
16:24 EDTFDO, WBMD, TRIP, AIG, DG, TNS, S, CASY, LINTA, CLWROn The Fly: Closing Wrap
Stocks on Wall Street finished up on the day, though off their highs after a modest sell-off across the averages in the last hour of trading. House Speaker John Boehner spoke at midday and his comments did little to move the averages. A comment from Senate Majority Leader Harry Reid later in the afternoon, suggesting a solution to the fiscal cliff would not be reached before Christmas, dented the market a bit more than Boehner's press conference did, but not much... ECONOMIC EVENTS: In the U.S., the NFIB Small Business Optimism Index dropped 5.6 points to 87.5 in November, which was a steeper fall than forecast. The U.S. trade deficit widened to $42.2B in October from $41.5B a month earlier. Wholesale inventories increased 0.6% in October, versus expectations for an increase of 0.4%. The Job Openings & Labor Turnover report showed job openings rose 128K in October to 3.675M... COMPANY NEWS: The Treasury announced last night it was selling its remaining 234.2M share stake in American International Group (AIG), sending AIG up $1.90, or 5.70%, to $35.26 in today's session... CNBC's David Faber reported Sprint (S) is in active talks to acquire the 49% stake in Clearwire (CLWR) that it does not already own. Shares of Clearwire rose 28c, or 11.67%, to $2.68 following the report... Tripadvisor (TRIP) rose $2.52, or 6.56%, to $40.91 after Liberty Interactive (LINTA) acquired voting control of the travel site by purchasing 4.8M shares from media mogul Barry Diller for $62.50 per share. Following the transaction, Liberty owns 22% of TripAdvisor's equity but controls 57% of the voting power in the company... MAJOR MOVERS: Among the notable gainers were TNS (TNS), up $6.20, or 42.58%, to $20.76 after agreeing to be acquired by Siris Capital for $21 per share, and WebMD (WBMD), up $1.61, or 11.62%, to $15.46 after the company announced actions to cut operating expenses including workforce reductions. Also higher were shares of Casey's General Stores (CASY), up $2.66, or 5.48%, to $51.20 after the company reported in-line earnings and said it was evaluating strategic alternatives to maximize shareholder value, including the potential for restructuring as a REIT. Among the noteworthy losers was Dollar General (DG), down $3.63, or 7.79%, to $42.94 after its earnings report and guidance. Also lower were shares of peer Family Dollar (FDO) down $5.90, or 8.36%, to $64.68 following a downgrade to Neutral at JPMorgan and on read through from Dollar General's report... INDICES: The Dow was up 78.56, or 0.60%, to 13,248.44; the Nasdaq was up 35.34, or 1.18%, to 3,022.30; and the S&P 500 was up 9.29, or 0.65%, to 1,427.84.
News For AIG;CLWR;S;TRIP;LINTA;TNS;WBMD;CASY;DG;FDO From The Last 14 Days
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July 1, 2015
16:51 EDTAIGCheckpoint Systems pays $9M to AIG to resolve litigation
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10:02 EDTSSprint says reaches 4,500 stores
Sprint (S) said that it is rapidly expanding its retail distribution with its “store-within-a-store” concept at co-branded RadioShack (RSHCQ) locations. General Wireless Operations announced today that it completed the purchase of the RadioShack brand, securing Sprint’s ability to quickly expand its presence and give consumers access to industry-first leasing plans and the latest devices. Sprint will have a presence in 1,435 Sprint-RadioShack stores by the first week of July. About 300 stores will be completely renovated to the new store-within-a-store model at that time, with the remainder scheduled to be completed by the end of the year. These stores will have new signage, new fixtures and a look-and-feel that is similar to other Sprint-owned stores. The addition of the Sprint-RadioShack stores expands Sprint’s total retail footprint to approximately 4,500 locations in the United States.
06:04 EDTSSprint says to end 'throttling' practice
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June 30, 2015
11:07 EDTTRIPPriceline rises after analysts highlight positive travel trends
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09:04 EDTSSprint confirms 'All-In' pricing plan
Sprint introduces its “All-In” pricing plan, underscoring the company’s commitment to making wireless simpler, clearer and more straightforward for consumers. With All-In Wireless, consumers pay $80 per month for a wireless device and unlimited talk, text and high-speed data – the two most significant components on any wireless bill. With All-In, consumers pay $20 per month to lease one of its most popular smartphones, and $60 per month for unlimited text, talk and high-speed data while on the Sprint network. Consumers pay $0 down and only a one-time, $36 activation fee.
07:41 EDTTRIPOnline travel trends point to solid Q2, says Piper Jaffray
Piper Jaffray analyst Michael Olson said analysis of travel industry trends through May point to a "solid" second quarter for online travel, noting his belief that Priceline (PCLN) has the most favorable risk/reward in the space given the stock's underperformance so far this year. In addition to an Overweight rating on Priceline, Olson keeps an Overweight on HomeAway (AWAY) and TripAdvisor (TRIP), but has a Neutral rating on Expedia (EXPE), citing its relative valuation.
07:28 EDTFDODollar Tree shares poised to outperform, says Wells Fargo
Wells Fargo predicts that Dollar Tree will be re-ranked by quantitative investment models following its merger with Family Dollar (FDO), enabling Dollar Tree's stock to outperform. The firm predicts that Dollar Tree's P/E ratio will become much lower versus its peers after the merger closes. Wells keeps an Outperform rating on Dollar Tree.
06:58 EDTSSprint to roll out $80 a month 'All-in' plan, Reuters reports
Sprint (S) will today launch an $80 a month "All-in" cellular phone plan, Reuters reports. Chief Marketing Officer Kevin Crull says the plan will offer unlimited talk, text and data at $60, plus $20 to lease phones like the iPhone 6 (AAPL) and Samsung (SSNLF) Galaxy S6. Reference Link
June 29, 2015
09:04 EDTSSprint launching Direct 2 You service in New York, LA, San Francisco, Denver
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June 25, 2015
12:59 EDTTRIPOptions with increasing implied volatility
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09:21 EDTFDOFamily Dollar volatility low into Q1 and outlook
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08:01 EDTDGDollar General names John Garratt as interim CFO, effective July 1
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06:37 EDTSInternet Patents subsidiary awarded $30M in damages against Sprint Spectrum
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June 24, 2015
17:57 EDTAIGWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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12:30 EDTCASYOn The Fly: Top stock stories at midday
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June 23, 2015
18:43 EDTSSprint CTO Stephen Bye to depart July 24, FierceWireless says
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18:00 EDTCASYS&P announces changes to the S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: Columbia Pipeline Group (CPGX) will replace Allegheny Technologies (ATI) in the S&P 500, Allegheny Technologies will replace Unit Corp. (UNT) in the S&P MidCap 400, and Unit Corp. will replace PetroQuest Energy (PQ) in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. S&P 500 constituent NiSource (NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. Allegheny Technologies, Unit and PetroQuest are all ranked near or at the bottom of their current indices. S&P SmallCap 600 constituent Casey’s General Stores (CASY) will replace AOL (AOL) in the S&P MidCap 400, and Nektar Therapeutics (NKTR) will replace Casey’s General Stores in the S&P SmallCap 600 after the close of trading on Thursday, June 25. S&P 100 & 500 constituent Verizon (VZ) acquired AOL in a transaction completed today. TopBuild (BLD) will replace Aéropostale (ARO) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent Masco (MAS) is spinning off TopBuild in a transaction expected to be completed on that date. Masco will remain in the S&P 500 following the distribution. Aéropostale is ranked near the bottom of the S&P SmallCap 600. “New” Gannett Co. (GCI) will replace Quiksilver (ZQK) in the S&P SmallCap 600 after the close of trading on Friday, June 26. S&P 500 constituent Gannett Co. (GCI) is spinning off “new” Gannett Co. in a transaction expected to be completed on that date. Post spin, the parent company will change its name to TEGNA. and trade under the symbol “TGNA”. It will remain in the S&P 500 following the distribution. Quiksilver is ranked near the bottom of the S&P SmallCap 600. Cable ONE Inc. (CABO) will replace Peabody Energy (BTU) in the S&P MidCap 400 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Graham Holdings Company (GHC) is spinning off CableOne in a transaction expected to be completed on that date. Graham Holdings will remain in the S&P MidCap 400 following the distribution. Peabody Energy is ranked near the bottom of the S&P MidCap 400. The Chemours Co. (CC) will replace Semtech Corp. (SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore (PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices. “New “ Energizer Holdings (ENR) will replace Harsco (HSC) in the S&P MidCap 400, and Harsco will replace FXCM (FXCM) in the SmallCap 600 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Energizer (ENR) is spinning off “new” Energizer in a transaction expected to be completed on that date. Post spin, the parent company will change its name to Edgewell Personal Care Co. and trade under the symbol “EPC”. It will remain in the S&P MidCap 400 following the distribution. Harsco and FXCM are ranked near or at the bottom of their current indices.
17:21 EDTCASYNektar to replace Casey's General Stores in S&P 600 as of 6/25 close
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17:21 EDTCASYCasey's General Stores to replace AOL in s&P 400 as of 6/25 close
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11:00 EDTTRIPOptions with increasing implied volatility
Options with increasing implied volatility:TRIP WPZ CMG BIIB WMB AMZN ISRG VMW
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