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Stock Market & Financial Investment News

News Breaks
November 6, 2012
12:10 EDTESRX, ENOC, OMX, SREV, NYX, ODP, WTW, CVC, AOLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as Americans headed to the polls. Stock futures improved during the premarket trading session, leading to a slightly higher open for the broader market. The averages slowly gained upside momentum and eventually punched through for their best gains in a couple of weeks. The domestic economic calendar was quiet and investors may be factoring an end to the presidential election process, along with hope that political leaders will get back to work on the country’s problems, as the catalyst for the buying... ECONOMIC EVENTS: In the U.S., the Job Openings and Labor Turnover survey, or JOLTs report, showed job openings fell 100K to 3.56M in September from 3.66M in August. In Europe, a report showed that the shared currency area's business activity shrank in October at its steepest rate in over three years. In Germany in particular, which is the region's biggest economy, the composite services and manufacturing purchasing managers index came in at 48.4, below the consensus forecast of 49.3, and factory orders for the month of September were weaker than expected as well... COMPANY NEWS: Among companies reporting earning last night and this morning, AOL (AOL), Office Depot (ODP) and OfficeMax (OMX) advanced, while Cablevision (CVC) and NYSE Euronext (NYX) declined... MAJOR MOVERS: Among the notable gainers were EnerNOC (ENOC), up 21% following price target raises at RW Baird and Needham after its Q3 results, and Weight Watchers (WTW), up over 16% after its quarterly earnings beat expectations. Among the noteworthy losers was ServiceSource (SREV), down 35% amid at least three downgrades after the company lowered its revenue growth view for the upcoming quarter and the fiscal year. Also lower were shares of Express Scripts (ESRX), down 13% after saying that it views current consensus estimates for 2013 as "overly aggressive" and disclosing that its Accredo Health unit received a subpoena from the Department of Justice... INDICES: Near noon, the Dow was up 171.63, or 1.31%, to 13,284.07; the Nasdaq was up 21.82, or 0.73%, to 3,021.48; and the S&P 500 was up 14.96, or 1.06%, to 1,432.22.
News For AOL;ODP;OMX;CVC;NYX;ENOC;WTW;SREV;ESRX From The Last 14 Days
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November 25, 2014
08:02 EDTAOLAOL names Allie Kline as Chief Marketing Officer
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06:00 EDTAOLAOL's advertising CMO leaves company, Re/code reports
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November 19, 2014
11:56 EDTODPStaples rallies after Q3 results beat estimates
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November 17, 2014
10:02 EDTODPOn The Fly: Analyst Downgrade Summary
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08:31 EDTSREVServiceSource names Christopher Carrington CEO, effective December 1
ServiceSource (SREV) announced that its Board of Directors named Christopher M. Carrington as the company’s next CEO, effective December 1. Concurrent with Carrington joining the company, Ashley Johnson, previously CFO and most recently Acting CEO, will assume the role of the company’s Chief Customer Officer, overseeing the customer-facing functions for ServiceSource. Simon Biddiscombe will remain the CFO for the business. Most recently, Carrington served as Executive Vice President of Global Delivery for SYKES Enterprises (SYKE).
07:08 EDTSREVServiceSource to hold a summit
2014 Recurring Revenue Summit is being held in Napa Valley, CA on November 17-18.
06:21 EDTODPOffice Depot downgraded to Neutral from Buy at Goldman
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