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Stock Market & Financial Investment News

News Breaks
February 4, 2014
10:00 EDTAMCX, ECHO, GWPH, KIN, IMAX, SYMC, GASS, BIN, MSG, LGF, LOCK, KFX, GLYC, CJES, STRMOn The Fly: Analyst Initiation Summary
AMC Networks (AMCX) initiated with a Buy at Topeka... C&J Energy (CJES) initiated with a Buy at Jefferies... GlycoMimetics (GLYC) initiated with a Buy at Stifel... Kofax (KFX) initiated with a Buy at Craig-Hallum... LifeLock (LOCK) initiated with a Buy at Sterne Agee... Lionsgate (LGF) initiated with a Buy at Topeka... Madison Square Garden (MSG) initiated with a Buy at Topeka... Progressive Waste (BIN) initiated with an Underperform at Macquarie... StealthGas (GASS) initiated with an Overweight at Barclays... Symantec (SYMC) initiated with a Neutral at Sterne Agee... IMAX (IMAX) initiated with a Buy at CRT Capital... Kindred Biosciences (KIN) initiated with a Buy at Roth Capital... GW Pharmaceuticals (GWPH) initiated with an Outperform at Leerink... Echo Global (ECHO) initiated with a Hold at BB&T... Streamline Health (STRM) initiated with a Buy at Lake Street.
News For AMCX;CJES;GLYC;KFX;LOCK;LGF;MSG;BIN;GASS;SYMC;IMAX;KIN;GWPH;ECHO;STRM From The Last 14 Days
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September 15, 2014
18:25 EDTSYMCFinjan Holdings provides update on Federal Circuit Ruling in patent case
Finjan Holdings (FNJN) provides an update on the case Finjan, Inc. v. Symantec Corp. (SYMC), Websense (WBSN), Inc., Sophos. This patent infringement suit dates back to a legacy litigation filed on July 12, 2010, in the U.S. District Court for the District of Delaware against Symantec Corp., Websense, Inc., Sophos Inc., et al. During this time, two of the five defendants settled; for the three remaining defendants, Websense, Inc., Sophos Inc., and Symantec Corp., the verdict resulted in a finding of invalidity of certain asserted claims of Finjan's patents, U.S. Patent Nos. 6,092,194 and 6,480,962, and non-infringement of same, against the three parties. Finjan's Appeal Brief was filed on December 10, 2013, and the Oral Argument was heard on September 9, 2014. The Court of Appeals for the Federal Circuit issued a decision, affirming the District Court's prior ruling with no opinion, citing Federal Circuit Rule 36. Rule 36 findings by the Court do not provide any additional insight or context into the Court's decision in the case. This CAFC ruling was the most recent outcome in the process to reverse the lower Court's finding of invalidity on claims in the two patents. The two patents in question are not at issue in any of six currently pending cases in the Northern District of California, including three separate actions involving the three remaining parties in the appeal, noted previously. "While we are disappointed with the Panel's finding, we continue to believe in the Court's ability to adjudicate complicated issues in patent cases," commented Julie Mar-Spinola, VP Legal Operations of Finjan. "The two patents in question represent a small number – two of twenty –currently involved in our licensing and enforcement program related to Finjan's pioneering cybersecurity related technologies." Finjan has also filed patent infringement lawsuits against FireEye, Inc., Blue Coat, Inc., Websense, Inc., Sophos Inc. and Symantec Corp. relating to, collectively, more than 20 patents in the Finjan portfolio. The company will continue to provide timely updates of important events relating to these matters on an on-going basis.
17:14 EDTCJESPoint72 Asset raises stake in C&J Energy to 6.5% from 5.4%
16:11 EDTGASSStealthGas initiated with a Buy at Deutsche Bank
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16:10 EDTLGFLionsgate initiated with a Buy at ISI Group
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09:59 EDTSYMCOn The Fly: Analyst Downgrade Summary
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07:12 EDTIMAXIMAX remains a top exhibitor pick into 2015 at B. Riley
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06:47 EDTLOCKLifeLock removed from short-term buy list at Deutsche Bank
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06:06 EDTSYMCSymantec downgraded to Sector Perform from Outperform at RBC Capital
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September 12, 2014
10:00 EDTSTRMOn The Fly: Analyst Initiation Summary
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06:11 EDTSTRMStreamline Health initiated with a Market Perform at Cowen
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September 11, 2014
14:16 EDTSYMCSymantec downgraded to Hold from Buy at Standpoint Research
11:13 EDTAMCXAMC aiming to roll-out more original content contingent on firm's economics
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September 10, 2014
07:31 EDTLGFGoldman to hold a conference
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07:24 EDTSYMCSymantec coverage assumed with a Neutral at MKM Partners
Target $24.
September 9, 2014
16:03 EDTSTRMStreamline Health reports Q2 EPS (14c), consensus (11c)
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September 8, 2014
16:03 EDTGLYCGlycoMimetics to present poster on in vivo efficacy of GMI-1051
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15:57 EDTKINKindred Biosciences 1.1M shares block trade priced at $10.50
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10:03 EDTLGFLionsgate says Lionsgate UK to assume distribution of Summit films
Lionsgate announced that Lionsgate UK will assume responsibility for the distribution of all Summit label films and will integrate them with the Lionsgate, third-party and locally-produced films it already distributes. The expanded distribution will begin with Summit label films produced after July 2015. The move follows last month's announcement that Lionsgate has moved its international sales headquarters to London. Lionsgate UK's distribution of Summit releases will include Allegiant Part 2, the fourth film in the Divergent franchise, which is slated to begin production in 2016 for worldwide release on March 24, 2017. Distribution of Summit titles in the UK was previously handled by eOne Entertainment. eOne and Lionsgate announced last week that they are extending and expanding their partnership in three territories, with eOne continuing to distribute Lionsgate and Summit films in Canada and Spain and Summit titles in Australia through 2018.
10:03 EDTLGFLionsgate UK expands distribution operations
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08:03 EDTLGFLionsgate increases quarterly dividend to 7c from 5c
e dividend is payable on November 7 to shareholders of record as of September 30.
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