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Stock Market & Financial Investment News

News Breaks
February 4, 2013
12:16 EDTBRO, HUM, APKT, CS, CYBX, ORCL, YOKU, GCI, SONSOn 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
Check below for free stories on APKT;SONS;ORCL;HUM;GCI;CYBX;BRO;YOKU;CS the last two weeks.
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April 16, 2014
09:00 EDTCSCredit Suisse falls 2.2%
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07:07 EDTYOKUYouku Tudou upgraded to Neutral from Sell at Goldman
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06:18 EDTCSCredit Suisse says making progress in resolving litigation issues
Credit Suisse said in its earnings release, "Progress in resolving key legacy litigation issues in 2014 to date; continued focus on resolving the US tax matter with the United States Department of Justice."
06:15 EDTCSCredit Suisse reports Q1 net income CHF 859M vs. CHF 1.3B last year
Reports Q1 revenue CHF 6.47B vs. CHF 7.0B last year. Credit Suisse's Basel III CET1 ratio as of the end of Q1 was 14.3%, compared to 15.7% as of the end of Q4. The company said it is on track to achieve targeted run-off of non-strategic units. Its CEO said, "For the first quarter, we achieved a return on equity of 14% in our strategic businesses, well within reach of our 15% through-the-cycle target. This strong performance was driven by significantly improved profitability in Private Banking & Wealth Management, solid returns in Investment Banking and continued effective cost and capital management."
April 15, 2014
13:28 EDTCSNY regulator sent subpoena to Credit Suisse in tax probe, CNBC says
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10:29 EDTYOKUOptions with increasing implied volatility: YOKU CWH BEAM
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06:37 EDTCSAleris looking to sell recycling, alloy segment, WSJ reports
Aleris Corp (ARS), an aluminum producer, has hired Credit Suisse (CS) and KeyBank (KEY) as its financial advisers in a move to sell its recycling and custom alloy manufacturing segment, the Wall Street Journal reports, citing sources. The unit could fetch over $400M in a sale, the sources say. Reference Link
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
05:50 EDTYOKUStocks with implied volatility movement; YOKU CSCO
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April 14, 2014
15:26 EDTCSLazard's Spencer hired away by Credit Suisse, WSJ says
Jim Spencer has been hired away from Lazard (LAZ) and will join Credit Suisse (CS) in October as the new head of the bank’s Financial Institutions Group in the Americas, according to The Wall Street Journal, citing an internal memo. Reference Link
14:43 EDTYOKUYouku Tudou volatility increases as shares near six-month low
Youku Tudou May call option implied volatility is at 89, June is at 73, September is at 62; compared to its 26-week average of 64 according to Track Data, suggesting large near term price movement.
11:09 EDTYOKUOptions with increasing implied volatility: HZNP VJET YOKU CTRX CBS
April 11, 2014
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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April 9, 2014
11:51 EDTORCLOracle management to meet with Jefferies
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10:33 EDTORCLConstant Contact surges after preliminary Q1 revenue beats consensus
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10:06 EDTCSOn The Fly: Analyst Downgrade Summary
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07:22 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Zurich/Milan on April 9 hosted by Deutsche Bank.
05:38 EDTCSCredit Suisse downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded Credit Suisse to Underweight citing concerns over the bank's investment bank strategy.
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