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Stock Market & Financial Investment News

News Breaks
May 5, 2014
06:47 EDTAOLAOL unveils revamped Moviefone website, Re/code says
AOL last night released the new version of its Moviefone website, according to Re/code. The new site includes new search tools, a new website and app, as well as television content and information on streaming services, Re/code stated. Reference Link
News For AOL From The Last 14 Days
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August 15, 2014
12:39 EDTAOLOn The Fly: Midday Wrap
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11:45 EDTAOLVringo confirms adverse ruling in patent suit with Google, others
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11:15 EDTAOLVringo falls after patent win against Google, AOL reversed on appeal
The U.S. Court of Appeals for the Federal Circuit that patents claims asserted by I/P Engine, a unit of Vringo (VRNG), are invalid for obviousness and reversed a lower court's ruling in the company's favor. The patents were asserted in a suit against Google (GOOG) and Aol (AOL), IAC Interactive (IACI) and Gannett (GCI). Vringo shares dropped nearly 11% following the posting of the appeal court ruling. Reference Link
August 12, 2014
16:02 EDTAOLAOL files $300M in convertible senior notes due 2019 in private offering
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August 7, 2014
10:00 EDTAOLOn The Fly: Analyst Upgrade Summary
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06:43 EDTAOLAOL upgraded to Buy from Hold at Cantor
Cantor Fitzgerald upgraded its rating on AOL (AOL) shares to Buy citing improving fundamentals following the company's Q2 results. Cantor sees a growing multi-platform user base and a bigger buyback driving shares higher and upped its price target for AOL to $50 from $47 . Shares of AOL closed yesterday up $2.92 to $41.92 after reporting Q2 results.
August 6, 2014
09:13 EDTAOLOn The Fly: Pre-market Movers
HIGHER: Fox class A shares (FOXA), up 5.9% after withdrawing proposal to acquire Time Warner (TWX), announcing $6B share repurchase program, reporting quarterly results... MannKind (MNKD), up 1.6% after entering a supply agreement with Amphastar Pharmaceuticals (AMPH)... Criteo (CRTO), up 11.5% after upgraded at Goldman following its better than expected Q2 earnings report. LOWER: Time Warner (TWX), down 13% after earnings, maintaining guidance, bid dropped by Fox... Sprint (S), down 16.5% after naming Marcelo Claure as president and CEO, reportedly dropping pursuit of T-Mobile (TMUS). T-Mobile shares also down 8.5%... Groupon (GRPN), down 18%, downgraded at Wunderlich after the company reported lower than expected Q3 results... Walgreen (WAG), down 15.7% after exercises option to acquire remaining 55% of Alliance Boots, says it will not pursue inversion as part of deal... Shire (SHPG), down 6% after Walgreen announced it would stay located in Chicago and Bloomberg last night reported that the Treasury Department is exploring ways to bypass Congress in an attempt to curb corporate inversions... Cytori Therapeutics (CYTX), down 33% after announcing that it has placed enrollment in the ATHENA and ATHENA II trials on clinical hold. UP AFTER EARNINGS: Enphase Energy (ENPH), up 20%... AOL (AOL), up 5%. DOWN AFTER EARNINGS: Nu Skin (NUS), down 8.5%... Rocket Fuel (FUEL), down 27%... Cognizant (CTSH), down 13%... First Solar (FSLR), down 2.5%... Globus Medical (GMED), down 17%.
07:03 EDTAOLAOL said board authorized $150M share repurchase program on July 28
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07:03 EDTAOLAOL reports Q2 EPS 34c, consensus 44c
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