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Stock Market & Financial Investment News

News Breaks
April 27, 2012
12:19 EDTDECK, WCRX, MDRX, JAZZ, BAYRY, CERN, SBUX, CVX, SIMO, CRAY, F, PG, MXWL, EXPE, MRK, AMZN, CVHOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, in spite of Spain's ratings being cut by S&P and a U.S. GDP reading that disappointed. Each of the major indices is higher, with the Nasdaq the leader. The averages have moved in a narrow range since the open as market participants digest all the earnings and economic news that was delivered this week. Earnings have come in better than expected, which has led the averages to rebound and stand ready for a positive close for the week. The economic data remains mixed, as housing and labor continue to limp along but consumer confidence is showing an uptick. For now earnings have trumped macro data, leading to a move higher for equities... ECONOMIC EVENTS: In the U.S., gross domestic product reportedly grew at an annual rate of 2.2% in the first quarter, versus an expected increase of 2.5%. Personal consumption increased 2.9%, versus expectations for an increase of 2.3%. The University of Michigan Consumer Confidence report had a reading of 76.4, versus the expected 75.7. Regarding Europe, S&P cut its credit rating on Spain to BBB+ from A and said its long-term outlook is negative... COMPANY NEWS: Amazon.com (AMZN), Ford (F) and Starbucks (SBUX) all exceeded expectations on the top and bottom lines, but only Amazon was rewarded by investors. Shares of the internet giant advanced more than 14% on the heels of upgrades from Goldman, Merrill Lynch, Nomura and Sun Trust on its strong results... The three Dow components reporting earnings, Chevron (CVX), Merck (MRK) and Procter & Gamble (PG), all declined in spite of the fact that each beat consensus earnings expectations. P&G was the Dow's worst performer, sliding 3.5%, after lowering its outlook for next quarter... Among the many other companies reporting earnings, advancers included Expedia (EXPE), Cray (CRAY) and Cerner (CERN); decliners included Maxwell (MXWL), Silicon Motion (SIMO) and Coventry Health (CVH)... MAJOR MOVERS: Among the notable gainers were Jazz Pharmaceuticals (JAZZ), up over 15%, after announcing plans to acquire EUSA Pharma for $650M, and Warner Chilcott (WCRX), up 9%, after the Times of London said that Bayer (BAYRY) may offer $32 per share for the company. Noteworthy losers included Allscripts (MDRX), down 41%, following downgrades by at least eight firms after its earnings and guidance severely missed consensus and the company reported the ouster of its board chairman, three other board members and its CFO, and Deckers Outdoor (DECK), down more than 25%, after lowering its full year sales and profit outlook... INDICES: Near noon, the Dow was up 30.92, or 0.23%, to 13,235.54; the Nasdaq was up 14.12, or 0.46%, to 3,064.73; and the S&P 500 was up 2.31, or 0.17%, to 1,402.29.
News For AMZN;PG;CVX;MRK;F;SBUX;EXPE;CRAY;CERN;MXWL;SIMO;CVH;JAZZ;WCRX;BAYRY;MDRX;DECK From The Last 14 Days
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November 11, 2014
09:37 EDTMRKActive equity options trading
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08:14 EDTMDRXAllscripts selected by Catholic Health Initiatives
Allscripts has announced that Catholic Health Initiatives has selected Allscripts Hosting Solution to provide enterprise-wide information technology through 2020.
08:10 EDTMRKMerck reports results from Phase 2 study of Grazoprevir/Elbasvir
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07:47 EDTCVXJacobs Engineering receives contract from Chevron in South Africa
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07:15 EDTFFord begins production of 2015 F-150 at Ford Rouge Center
The 2015 Ford F-150 starts production at Ford Rouge Center. The facilities have been transformed with the latest in manufacturing technology to build the first mass-produced truck in its class featuring a high-strength, military-grade, aluminum-alloy body and bed. The new F-150 goes on sale in December in the U.S. and will be available in 90 markets in 2015.
06:03 EDTAMZNQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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November 10, 2014
16:07 EDTBAYRYUBS to hold a conference
UBS European Conference is being held in London, England on November 11-12.
15:57 EDTEXPEWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
15:55 EDTEXPENorthStar Travel Media to hold a conference
PhoCusWright Conference is being held in Los Angeles on November 11-13.
15:44 EDTAMZNAmazon Web Services to hold a conference
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15:43 EDTCVXAmerican Petroleum Institute to hold a conference
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13:56 EDTPGProcter & Gamble to host analyst meeting
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10:33 EDTEXPERoutehappy announces partnership with Expedia
Routehappy announced it entered a partnership with Expedia for full access to its proprietary Scores & Happiness Factors API. As part of the agreement, Expedia has full access to Routehappy's Score & Happiness Factors API, allowing its brands to integrate data into its search functionalities so customers can filter results by seat, amenities, and speed.
09:20 EDTMRKOn The Fly: Pre-market Movers
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08:48 EDTMRKGilead rises after Merck presents data on HCV combo
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08:04 EDTFFord announces partnership with Wind Energy Corporation
Ford Motor Company is collaborating with Wind Energy Corporation to bring a new and innovative source of clean energy to its dealers. Under a pilot program exclusive to Ford, Wind Energy will install wind sail and solar panel systems at four Ford dealerships, a nearly $750,000 investment, to help power dealer facilities. A Windy System is expected to deliver 20,000 kilowatts of electricity annually. That is enough energy to power two average-sized homes for a year or charge a Ford Focus Electric 870 times, Fusion Energi 2,600 times and C-MAX Energi 2,600 times. Using one Windy System will offset nearly 14 tons of greenhouse gases per year.
07:23 EDTEXPERBC Capital to hold a conference
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07:20 EDTMRKGilead overhang from Merck HCV combo removed, says Wells Fargo
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07:18 EDTCVXChevron hasn't finished shale gas assessment in Romania, Reuters reports
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07:11 EDTEXPEOpen Mobile Media to hold a summit
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