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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
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July 22, 2014
09:13 EDTTRIPAmazon HomeAway TripAdvisor should be bought into results, says Pacific Crest
Pacific Crest expects TripAdvisor (TRIP), Amazon (AMZN) and HomeAway (HOME) to report strong Q2 results. The firm thinks that all three companies have strong fundamentals.
06:58 EDTTRIPTripAdvisor volatility elevated into Q2 and outlook
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06:43 EDTAIGMalaysia Airlines incidents rattle insurance market, NY Times says
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July 21, 2014
16:00 EDTDGOptions Update; July 21, 2014
iPath S&P 500 VIX Short-Term Futures up 65c to 28.53. Option volume leaders: AAPL FB NFLX DG CMCSA GILD PBR TWTR TSLA according to Track Data.
13:23 EDTDGHigh option volume stocks: RFMD LCI MR PII DG CTRL
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07:45 EDTSSprint consensus estimates 'overly optimistic,' says Jefferies
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07:29 EDTAIGAIG settlement with BofA takes crisis claw back total up to $2B, FT says
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July 20, 2014
14:47 EDTSAfter paring Mexican assets Carlos Slim may look at T-Mobile, WSJ says
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July 18, 2014
09:18 EDTSSoftbank hire of Arora from Google 'interesting,' says Wells Fargo
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07:08 EDTSSoftbank, T-Mobile final agreement could come after late August, Kyodo News says
According to Kyodo News, Softbank's (SFTBF) buyout talks with T-Mobile (TMUS) won't be settled until after late August. Deutsche Telecom (DTEGY) is "reluctant" to accept Softbank's business plan and is seeking a new plan, industry sources say. Reference Link
July 17, 2014
10:00 EDTAIGOn The Fly: Analyst Initiation Summary
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06:49 EDTAIGAIG initiated with an Outperform at RBC Capital
Target $64.
July 16, 2014
17:15 EDTFDOIcahn not happy with Family Dollar management
17:14 EDTDG, FDOIcahn: Dollar General CEO leaving may impact possible deal with Family Dollar
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17:08 EDTDG, FDOIcahn disappointed Dollar General CEO leaving
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15:54 EDTDG, FDOPeltz says 'not satisfied' with performance at Family Dollar
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10:35 EDTFDOOptions with decreasing implied volatility
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07:04 EDTAIGAIG to receive $650M in cash in Bank of America settlement
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07:02 EDTAIGAIG announces settlement with BofA on residential mortgage related disputes
American International Group (AIG) announced that it has reached a global resolution of its residential mortgage related disputes with Bank of America (BAC). The resolution includes its claims pending in New York and California federal courts related to the creation, offering, and sale of RMBS from which AIG and its subsidiaries suffered losses either directly on their own account or in connection with their participation in AIG’s securities lending program. The resolution also covers AIG’s objections to the $8.5 billion settlement of Countrywide’s mortgage repurchase obligations to various investors, as well as disputes concerning the issuance of mortgage guaranty insurance by AIG’s United Guaranty subsidiaries to Bank of America and Countrywide. Under the terms of the settlement, AIG will receive $650M in cash plus its pro rata share of whatever amount is ultimately paid out to investors in connection with the Countrywide repurchase settlement. In addition, the parties have agreed, subject to the approval of Fannie Mae, Freddie Mac and certain other mortgage holders, to resolve the outstanding mortgage guaranty claims disputes in accordance with agreed-to claims processes and payment formulae.
07:01 EDTAIGAIG announces settlement with BofA on residential mortgage related disputes
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