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Stock Market & Financial Investment News

News Breaks
December 11, 2012
16:24 EDTFDO, DG, CASY, WBMD, TNS, LINTA, TRIP, S, CLWR, AIGOn 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
Check below for free stories on AIG;CLWR;S;TRIP;LINTA;TNS;WBMD;CASY;DG;FDO the last two weeks.
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April 15, 2014
16:13 EDTCASYCasey's General Stores reports March prepared food and fountain SSS up12.7%
Casey's General Stores reported in a regulatory filing that same-store gasoline gallons sold increased 0.9% in March 2014 compared to March 2013. The gasoline margin was below the Company’s fiscal 2014 goal of 15.0 cents per gallon. The average retail price of gasoline sold during March 2014 was $3.43 per gallon.
10:23 EDTFDOOptions with decreasing implied volatility: FDO JNJ FAST EPB
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10:00 EDTWBMDOn The Fly: Analyst Initiation Summary
Allscripts (MDRX) reinstated with an Outperform at Raymond James... Amber Road (AMBR) initiated with a Buy at Canaccord... Autonation (AN) coverage assumed with a Market Perform at Wells Fargo... BG Group (BRGYY) initiated with an Outperform at BMO Capital... Borderfree (BRDR) initiated with a Buy at Canaccord... Dean Foods (DF) initiated with a Buy at BB&T... Destination XL (DXLG) initiated with a Buy at Ascendiant... Group 1 Automotive (GPI) coverage assumed with a Market Perform at Wells Fargo... Halozyme (HALO) initiated with a Buy at Citigroup... MakeMyTrip (MMYT) initiated with a Neutral at Goldman... Penske Automotive (PAG) coverage assumed with a Market Perform at Wells Fargo... RPM (RPM) initiated with an Outperform at Wells Fargo... RSP Permian (RSPP) initiated with a Buy at KLR Group... Repligen (RGEN) initiated with a Buy at Jefferies... Spansion (CODE) initiated with a Buy at Sterne Agee... Statoil (STO) initiated with a Market Perform at BMO Capital... TPG Specialty Lending (TSLX) initiated with a Buy at BofA/Merrill... Versartis (VSAR) initiated with a Buy at Citigroup... WWE (WWE) initiated with a Buy at Needham... WebMD (WBMD) reinstated with a Strong Buy at Raymond James.
07:27 EDTTRIPTripAdvisor price target raised to $105 from $94 at Credit Suisse
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April 14, 2014
16:56 EDTWBMDWebMD reinstated with a Strong Buy at Raymond James
Target $54.
12:26 EDTWBMDOn The Fly: Midday Wrap
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12:00 EDTWBMDWebMD rises 19.4%
WebMD is up 19.4%, or $7.30, to $44.97
10:58 EDTFDOOptions with decreasing implied volatility: BBBY FDO STZ RAD
10:36 EDTWBMDWebMD gaps up sharply, runs higher after guidance
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10:00 EDTWBMDWebMD rises 18.6%
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10:00 EDTLINTALiberty Interactive rises 99.8%
Liberty Interactive is up 99.8%, or $14.12, to $28.27
09:10 EDTST-Mobile CEO starts petition for consumers to call on peers to end overages
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09:05 EDTST-Mobile abolishes consumer overages, challenges other providers to follow suit
T-Mobile (TMUS) announced a campaign to eliminate overage penalties, one of the most reviled wireless industry practices. While abolishing overages for all customers on T-Mobile consumer plans, its CEO has also laid down a challenge to the nation's largest carriers, AT&T (T), Verizon (VZ) and Sprint (S), to do the same.
09:00 EDTWBMDWebMD rises 11.5%
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08:59 EDTWBMDOn The Fly: Pre-market Movers
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07:34 EDTWBMDWebMD sees Q1 adjusted EBITDA above high end of previous guidance
Sees Q1 revenue to be at the high end of the range previously provided. For the FY14, WebMD expects to be in the top half of the ranges previously provided for revenue, Adjusted EBITDA and net income. "The update to our guidance that we are providing today reflects recent improvements in our sales activity compared to our experience in the early weeks of 2014," said the company. "We are having very positive dialogue with our customers about how WebMD can help address their evolving business needs and we are continuing our investments in new product and service offerings to better serve those needs and realize future growth opportunities."
06:40 EDTSNo lines for Samsung's Galaxy S5 but carriers say demand healthy, Re/code says
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06:11 EDTTRIPTripAdvisor recent pullback a buying opportunity, says Piper Jaffray
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April 13, 2014
16:57 EDTSSprint and Spotify plan to team up, Re/code says
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April 11, 2014
10:49 EDTFDOOptions with decreasing implied volatility: STZ EPB FDO YONG
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