New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 12, 2012
Utah Corporate Access Event & Facility Tours of various companies throughout Utah on December 12-14.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
March 17, 2015
17:41 EDTAPPAmerican Apparel files to delay Form 10-K
The company is engaged in discussions with its revolving credit facility lender with respect to certain waivers and amendments to such facility that, among other things, would reset certain covenants going forward, permit the execution of the previously disclosed $15M credit agreement between one or more entities affiliated with Standard General and one or more of the Company’s foreign subsidiaries as borrowers and waive noncompliance with certain covenants. The Company’s staff and resources have been substantially committed to such discussions and the outcome thereof would impact the Company’s financial statements disclosures as of and for the year ended December 31, 2014 and other information required to be disclosed in the Annual Report. The Company intends to use the net proceeds from the Standard General Credit Agreement to fund the Company’s near-term interest payments on certain of its indebtedness, including the April interest payment on its senior secured notes, and other liquidity needs. No assurances can be given that the Company will be successful in obtaining such amendments and waivers or in consummating the Standard General Credit Agreement when expected, or at all. In light of the foregoing, the process of completing the financial statements and the related information required to be included in the Annual Report could not be completed by the scheduled filing deadline for the Annual Report.
12:38 EDTBDEOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, with the Dow falling about 1%. The market opened in negative territory and proceeded to gain additional downside momentum in early trading. Data on housing starts was not good, even accounting for bad weather in many areas of the country, and the prospect of interest rate increases on the horizon may have some fearing that the housing market recovery is in danger of stalling. Adding to the weakness in stocks may have been the further slide in crude oil prices, which pushed benchmark U.S. crude oil below $43 per barrel earlier in the session. ECONOMIC EVENTS: In the U.S., housing starts plunged 17% to an 897K rate in February, widely undershooting expectations for starts to be down 2.4% to a 1.04M rate, but much of the slide was attributed to weather. Building permits rose 3% to a rate of 1.092M, which was better than the expected 0.5% growth to a 1.065M rate. In Europe, Germany's ZEW Center investor confidence index climbed to 54.8 from 53 last month, though that fell short of the 59.4 consensus forecast. In Asia, the Shanghai Composite index rose 1.6% to close at its highest level in over 6 years. COMPANY NEWS: Apple (AAPL) is preparing to launch an online TV service later this year, according to reports from The Wall Street Journal and the Financial Times. After the reports, Piper Jaffray analyst Gene Munster said he believes Apple's online TV service launch would lay the groundwork for an actual television launch sometime in 2016. Munster estimates that at an average selling price of $1,750, a television could add about 7% to Apple's 2017 revenue. MAJOR MOVERS: Among the notable gainers was Black Diamond (BDE), which jumped 30% after the company reported was then expected quarterly results and guidance but also announced it has hired two banks to help it explore its strategic alternatives. Also higher was Esperion (ESPR), which rose 15% after the company's phase 2b study of ETC-1002, a product in development for patients with hypercholesterolemia on stable statin therapy, met its primary endpoints. Among the noteworthy losers was Himax (HIMX), which dropped 9% after BofA Merrill Lynch downgraded the stock two notches to Underperform from Buy. Also lower following its earnings report was magicJack (CALL), which fell 19%. INDEXES: Near midday, the Dow was down 152.00, or 0.85%, to 17,825.42, the Nasdaq was down 8.39, or 0.17%, to 4,921.12, and the S&P 500 was down 11.39, or 0.55%, to 2,069.80.
10:00 EDTBDEOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
10:00 EDTBDEOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:25 EDTGLUU, BDEOn The Fly: Pre-market Movers
Subscribe for More Information
08:41 EDTGLUUGlu Mobile to partner with Kendall, Kylie Jenner on new mobile game
Glu Mobile announced that the company will partner with Kendall and Kylie Jenner on the development of a new mobile game. Featuring the voices, likenesses, and creative influences of Kendall and Kylie, the game will allow players to interact with the sisters as friends and mentors as they work to realize their creative and career aspirations. Glu expects to launch the game worldwide in late 2015 on iOS and Android. Glu will provide additional details on the game's development and Kendall and Kylie's involvement at a later date. Shares of Glu Mobile, the maker of "Kim Kardashian: Hollywood," are up about 7% in pre-market trading to $5.15.
08:22 EDTBDEBlack Diamond upgraded to Buy from Neutral at DA Davidson
Subscribe for More Information
07:40 EDTBDEBlack Diamond price target raised to $17 from $12 at Canaccord
Canaccord raised its price target on Black Diamond to $17 from $12 following Q4 results and its disclosure that the company is exploring strategic alternatives. The firm feels Black Diamond will sell assets either jointly or separately and believes the shares will trade materially higher on this event. Canaccord reiterated its Buy rating on Black Diamond shares.
06:55 EDTBDEBlack Diamond upgraded at Stifel
Subscribe for More Information
06:53 EDTBDEBlack Diamond upgraded to Buy from Hold at Stifel
Subscribe for More Information
06:26 EDTBDEBlack Diamond downgraded to Hold from Buy at Needham
March 16, 2015
19:00 EDTBDEOn The Fly: After Hours Movers
Subscribe for More Information
16:15 EDTBDEBlack Diamond sees FY15 revenue $208M, consensus $217.21M
Subscribe for More Information
16:14 EDTBDEBlack Diamond reports Q4 adjusted EPS 9c, consensus 11c
Subscribe for More Information
16:12 EDTBDEBlack Diamond engages Rothschild, Baird to explore strategic alternatives
Black Diamond announced it has engaged the financial advisory firms Rothschild and Robert W. Baird to lead the exploration of a full range of strategic alternatives for each of the company's brands, Black Diamond, POC and PIEPS. Warren Kanders, executive chairman of Black Diamond, commented: "Over the last 15 months, we have undertaken a series of actions to leverage the significant growth in our brands, optimize our platform, drive significant cost reductions, and position the company for stronger financial and brand performance. We believe the growth in sales and margin in the fourth quarter is an early indication of the benefits of these actions, which we expect to realize increasingly over time. At a time when premium active lifestyle and outdoor brands are selling at historically high levels, and there is a scarcity of authentic branded assets available to strategic acquirers, the board's decision to investigate its strategic alternatives results from its belief that the company is likely to utilize 100% of its NOL balances in connection with this process and represents the logical next step in our ongoing efforts to unlock value for Black Diamond shareholders." Black Diamond has not set a timetable for completion of this strategic review process, and does not intend to comment further regarding the review process unless or until a specific transaction is approved by its board of directors or shareholders, the review process is concluded, or it is otherwise determined that further disclosure is appropriate or required by law.
16:11 EDTBDEBlack Diamond engages Rothschild, Baird to explore strategic alternatives
Subscribe for More Information
16:01 EDTAPPAmerican Apparel talks with Irving Place at standstill, Bloomberg says
Buyout talks between private equity firm Irving Place Capital and retailer American Apparel are said to have stalled as Irving Place Capital has grown uncertain about its proposed valuation, says Bloomberg. Reference Link
15:38 EDTAPPAmerican Apparel talks with Irving Place at standstill, Bloomberg says
March 12, 2015
10:01 EDTMTHOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:15 EDTMTHMeritage Homes downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Meritage Homes to Neutral citing the recent rally in shares and its concerns over the company's exposure to slowing Texas home sales. Citi raised its price target for the stock to $47 from $44.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use