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Stock Market & Financial Investment News

News Breaks
April 23, 2012
10:32 EDTARMH, AZN, BMC, STD, HTWR, RY, COF, XOM, LGFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ARM Holdings (ARMH) upgraded to Neutral from Underweight at JPMorgan... AstraZeneca (AZN) upgraded to Equal Weight from Underweight at Barclays... BMC Software (BMC) upgraded to Positive from Neutral at Susquehanna... Banco Santander (STD) upgraded to Conviction Buy from Neutral at Goldman... Banco Santander upgraded to Overweight from Neutral at JPMorgan... HeartWare (HTWR) upgraded to Overweight from Equal Weight at Barclays... Royal Bank of Canada (RY) upgraded to Buy from Neutral at BofA/Merrill... Capital One (COF) upgraded to Overweight from Neutral at JPMorgan... Exxon Mobil (XOM) upgraded to Outperform from Market Perform at Raymond James... Lions Gate (LGF) upgraded to Above Average from Average at Caris.
News For ARMH;AZN;BMC;STD;HTWR;RY;COF;XOM;LGF From The Last 14 Days
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May 20, 2013
08:08 EDTXOMEU to review fracking concerns, Reuters reports
Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link
05:40 EDTXOMU.S. oil futures rally as many commodities decline, WSJ reports
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May 17, 2013
10:36 EDTAZNLeerink's major/specialty pharma analyst holds analyst/Industry conference call
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08:41 EDTAZNImpax commenced shipment of authorized generic Zomig
Impax (IPXL) announced that its generics division, Global Pharmaceuticals, commenced shipment of authorized generic Zomig tablets, as part of an agreement with AstraZeneca (AZN). Zomig is indicated for the treatment of migraine headaches in adults. According to IMS Health data, U.S. sales of Zomig tablets and orally disintegrating tablets were approximately $196M in the 12 months ended April 2013.
May 16, 2013
12:32 EDTRYEU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link
08:01 EDTXOMFMC Technologies receives subsea equpiment order from ExxonMobil
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May 15, 2013
17:03 EDTCOFSoros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).
08:38 EDTXOMWTI crude falls for a fith consecutive day, Bloomberg reports
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08:38 EDTARMHARM Holdings to host analyst and investor day
Analyst and Investor Day to be held in London on May 21 at 5 am. Webcast Link
07:20 EDTXOMInterOil in final talks on ‘multi-billion dollar’ LNG deal, Bloomberg reports
InterOil Corp. (IOC), which has plans to develop an LNG project in Papua New Guinea, is in the final stage of talks with major oil producers and a national oil company for a “multi-billion dollar” partnership, reports Bloomberg. Royal Dutch Shell (RDS.A) has said it had discussions with InterOil and was interested in the proposed Papua New Guinea LNG plant. Reference Link
06:08 EDTCOFCapital One reports April U.S. charge-off rate 4.61% vs. 4.69% last month
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May 14, 2013
07:24 EDTAZNEBD Group to host a conference
BioTrinity 2013 is being held in Newbury, England on May 14-16.
07:20 EDTARMHJPMorgan to host a conference
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07:10 EDTXOMIEA says North American oil will dominate world supply growth, WSJ reports
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06:19 EDTRYRoyal Bank of Canada upgraded to Equal Weight from Underweight at Morgan Stanley
May 13, 2013
16:53 EDTAZNOptimer gets bids from AstraZeneca, Cubist, Astellas, Bloomberg says
Optimer (OPTR) has received first round bids from AstraZeneca (AZN), Cubist (CBST), and Astellas, reports Bloomberg, citing people familiar with the matter. Shares of Optimer spiked higher following the report, closing up $1.85, or 14.44%, to $14.66. The report notes the company disclosed almost three months ago it was exploring its strategic options. Reference Link
15:55 EDTAZNOptimer gets first round bids from AstraZeneca, Cubist, Bloomberg says
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06:49 EDTRYECB member says negative deposit rates would help economy, Reuters says
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May 10, 2013
11:59 EDTBMCOptions with decreasing implied volatility: GRPN DGIT BMC BAX TRIP
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11:48 EDTAZNDrugmakers to face pressure on U.S. prices, Reuters says
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