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Stock Market & Financial Investment News

News Breaks
February 4, 2013
09:20 EDTHUM, CLX, RCL, PC, MOBI, RMTI, PKT, BTH, NUS, HLF, SONS, ORCL, APKTOn The Fly: Pre-market Movers
UP AFTER ACQUISITION: Acme Packet (APKT), up 22.9% after Oracle (ORCL) agrees to acquire company for $29.25 per share. Oracle shares down 1.2% following announcement... ALSO HIGHER: Sonus Networks (SONS), up 10.5%, following Oracle/Acme Packet deal announcement... Procera Networks (PKT), up 2.9%, initiated with a Buy at Needham... Rockwell Medical (RMTI), up 21.7% after stating iron delivery SFP met primary endpoint of trial... BlackBerry (BBRY), up 6% after upgrade to Outperform at Bernstein, first day of trading with new name and ticker... UP AFTER EARNINGS/GUIDANCE: Sky-mobi (MOBI), up 21.5%... Panasonic (PC), up 13.7% after quarterly report and guidance late Friday... Clorox (CLX), up 0.9%... Royal Caribbean (RCL), up 0.8%... DOWN AFTER EARNINGS/GUIDANCE: Humana (HUM), down 0.5%... ALSO LOWER: Herbalife (HLF), down 10.7% after NY Post says company is subject of a law enforcement investigation... Nu Skin (NUS), down 5.5%, Blyth (BTH), down 3.8% following report of probe into Herbalife... Credit Suisse (CS), down 4.2%, initiated with a Hold at Canaccord.
News For APKT;ORCL;SONS;HLF;NUS;BTH;PKT;RMTI;MOBI;PC;RCL;CLX;HUM From The Last 14 Days
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April 15, 2014
10:17 EDTHLFHerbalife falls after NY Attorney General Schneiderman opens investigation
Shares are down over 3.7% to $51.68 after NY Attorney General Schneiderman started an investigation into claims that the company is a pyramid scheme. At current price, next support is at $51.19 and then at $49.35, both of which are recent pivot lows. Resistance is at $52.72.
06:32 EDTHUMPatients paying much more for specialty drugs, NY Times says
The amount that patients with certain diseases must pay for specialty drugs has increased significantly, a research firm reported, according to The New York Times. Meanwhile, consumers' use of health care increased in 2013 for the firm time in three years, the newspaper quoted the firm, the IMS Institute for Healthcare Informatics, as saying. Publicly traded drug makers include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY). Publicly traded health insurers include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP).Reference Link
05:55 EDTHLFHerbalife under investigation by NY AG Schneiderman, NY Post reports
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05:25 EDTCLXHPC sector upgraded to Neutral from Cautious at Goldman
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April 14, 2014
11:54 EDTHLFStocks with call strike movement; TNA HLF
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09:42 EDTHLFHerbalife spikes higher on low volume, levels to watch
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05:51 EDTHLFStocks with implied volatility movement; HLF CSCO
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April 11, 2014
16:39 EDTHLFFBI investigating Herbalife, no evidence of criminal activity, CNBC says
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16:21 EDTHLFOn The Fly: Closing Wrap
Stocks on Wall Street were lower in a session that saw the averages struggle for direction early before sellers gained control and pushed stocks lower through the second half of the session. With today's losses, the averages each finished the week with losses greater than 2%, with the tech-heavy Nasdaq losing 3% to close below 4,000 for the first time since early February. ECONOMIC EVENTS: In the U.S., the Producer Price Index jumped 0.5% in March, versus expectations for it to be up 0.1%. The University of Michigan consumer sentiment reading jumped to 82.6 in the preliminary April look, which was better than forecast and its highest reading since July. COMPANY NEWS: JPMorgan (JPM) and Wells Fargo (WFC) kicked off earnings season for the major banks, with their quarterly results, and stocks, moving in opposite directions following the news. Dow member JPMorgan fell $2.10, or 3.66%, to $55.30 after its earnings per share and revenue significantly trailed consensus estimates. Shares of Wells gained 37c, or 0.78%, to $48.08 after the bank's profits beat the consensus forecast. MAJOR MOVERS: Among the notable gainers was BofI Holding (BOFI), up $6.02, or 8.09%, to $80.46 near midday after the company last night announced a deal to acquire H&R Block's (HRB) bank assets. H&R Block shares fell 78c, or 2.74%, to $27.64. Also higher was Zygo (ZIGO), up $4.75, or 32.36%, to $19.43 after the company agreed to be acquired by Ametek (AME) for $19.25 per share in cash in a deal that represents an aggregate enterprise value of $280M for Zygo. Among the noteworthy losers was Herbalife (HLF), down $8.36, or 13.97%, to $51.48 after a report late in the session from the Financial Times said the company is facing a criminal investigation from the U.S. Department of Justice and FBI regarding its business practices. Also lower was NQ Mobile (NQ), a recent target of noted short-seller Carson Block, down $3.29, or 20.58%, to $12.70 after its profit missed expectations and the company disclosed that it found accounting errors in its recent reports. INDEXES: The Dow was down 143.47, or 0.89%, to 16,026.75; the S&P 500 was down 17.39, or 0.95%, to 1,815.69; the Nasdaq was down 54.37, or 1.34%, to 3,999.73.
16:15 EDTHLFHerbalife says no knowledge of ongoing investigation by DoJ or FBI
Herbalife issued the following statement in response to media reports and rumors in the marketplace: "We have no knowledge of any ongoing investigation by the DoJ or the FBI, and we have not received any formal nor informal request for information from either agency. We take our public disclosure obligations very seriously. Herbalife does not intend to make any additional comments regarding this matter unless and until there are material developments."
16:07 EDTHLFHerbalife plunges on report of DOJ and FBI criminal probe
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15:54 EDTNUS, HLFNu Skin puts active after FT reports Herbalife facing criminal investigation
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15:47 EDTHLFHerbalife puts active on criminal probe launched, FT says
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15:45 EDTHLF, NUSUsana, Nu Skin on lows after FT reports Herbalife facing criminal investigation
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15:39 EDTHLFU.S. DoJ, FBI launch criminal probe into Herbalife, FT says
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15:38 EDTHLFCriminal probe launched into Herbalife, FT says
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15:08 EDTHLFHerbalife bracing for 20/20 report on business practices, Gasparino says
On Twitter, Charlie Gasparino said, "FBN NEWS: $HLF bracing for news magazine @ABC2020 expose on company's business practices worried abt a new whistle blower." Reference Link
09:24 EDTORCLOracle management to meet with JPMorgan
Meeting to be held in Chicago on April 17 hosted by JPMorgan.
07:06 EDTORCLOracle management to meet with Deutsche Bank
Meeting to be held in Frankfurt on April 11 hosted by Deutsche Bank.
April 10, 2014
09:06 EDTORCLOracle management to meet with Deutsche Bank
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