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Stock Market & Financial Investment News

News Breaks
February 4, 2013
12:16 EDTYOKU, GCI, SONS, BRO, HUM, APKT, CS, CYBX, ORCLOn The Fly: Midday Wrap
Stocks on Wall Street were sharply lower at midday, with the major averages giving back most or all of Friday's gains. The indices began the session deep in negative territory and remain that way near the lunch hour. There was little on the domestic economic calendar to account for the weakness, but some market participants were attributing the move to profit-taking following a strong start to the year along with political concerns resurfacing in Europe... ECONOMIC EVENTS: In the U.S., the ISM New York area reading of 56.7 was ahead of the expected reading of 53.0. A separate report showed factory orders increased 1.8% in December, versus an expected increase of 2.3%. In Europe, Spanish and Italian government bond yields rose following political developments in both countries. Spain's opposition Socialist Party called on Prime Minister Mariano Rajoy to resign over a corruption scandal, while in Italy former PM Silvio Berlusconi's popularity is seeing a resurgence, which may threaten the reforms implemented by the outgoing government. In Asia, a report over the weekend showed China's non-manufacturing PMI ticked up to 56.2 from 56.1 last month... COMPANY NEWS: Shares of Acme Packet (APKT) surged 22.2% and traded at the $29.25 price it agreed to in a deal to be acquired by Oracle (ORCL). Several companies offering solutions in the same technology area advanced as well, particularly Sonus Networks (SONS), which climbed over 13%. Meanwhile, Oracle slid a bit more than 2% following the deal announcement... Among companies reporting earnings this morning, Humana (HUM) advanced while Gannett (GCI) declined... MAJOR MOVERS: Among the notable gainers was Cyberonics (CYBX), which rallied 8% after a former employee dropped a lawsuit against the company. Also higher were shares of Brown & Brown (BRO), which rose 5.5% after it reported quarterly results after the bell Friday and was upgraded to Outperform at Raymond James this morning. Among the noteworthy losers were Youku Tudou (YOKU), which fell over 6% after Maxim downgraded shares to a Sell rating, and Credit Suisse (CS), down nearly 6% as well following an initiation of coverage with a Hold rating at Canaccord... INDICES: Near noon, the Dow was down 139.75, or 1.00%, to 13,870.04; the Nasdaq was down 41.09, or 1.29%, to 3,138.01; and the S&P 500 was down 15.94, or 1.05%, to 1,497.23.
News For APKT;SONS;ORCL;HUM;GCI;CYBX;BRO;YOKU;CS From The Last 14 Days
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November 28, 2014
07:38 EDTCSAssured Guaranty settlement with Credit Suisse a positive, says UBS
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November 24, 2014
08:34 EDTORCLJefferies software analysts hold an analyst/industry conference call
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November 21, 2014
10:00 EDTCYBXOn The Fly: Analyst Downgrade Summary
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09:30 EDTCYBXCyberonics downgraded to Neutral from Buy at Sterne Agee
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09:19 EDTYOKUYouku Tudou awarded MVNO license
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November 20, 2014
16:53 EDTORCLOracle initiated with a Hold at Jefferies
Target $41.
07:11 EDTORCLBofA/Merrill to hold a conference
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07:10 EDTCYBXCyberonics backs FY15 adjusted EPS view $2.33-$2.39, consensus $2.33
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07:07 EDTCYBXCyberonics reports Q2 adjusted EPS 63c, consensus 58c
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November 19, 2014
07:34 EDTCSNYSSA to hold a forum
Fall 2014 ETP Trading & Investing Forum is being held in New York on November 19.
November 18, 2014
06:34 EDTCSDraghi sees positive signs in euro zone, NY Times reports
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November 17, 2014
14:06 EDTHUMHumana to offer plans on 15 state ACA individual market exchanges in 2015
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November 14, 2014
17:01 EDTGCIIcahn Associates gives quarterly update on stakes
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10:00 EDTYOKUOn The Fly: Analyst Downgrade Summary
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09:24 EDTYOKUYouku Tudou downgraded to Underweight from Neutral at HSBC
09:16 EDTYOKUOn The Fly: Pre-market Movers
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06:12 EDTORCLSAP to pay Oracle $359M to settle legal battle, WSJ reports
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