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Stock Market & Financial Investment News

News Breaks
May 30, 2014
10:40 EDTGES, PANW, VEEV, ANF, ARUN, DB, KERX, BIG, EXPR, RMTIOptions with decreasing implied volatility
Options with decreasing implied volatility: ARUN RMTI KERX ANF EXPR DB VEEV BIG PANW GES
News For ARUN;RMTI;KERX;ANF;EXPR;DB;VEEV;BIG;PANW;GES From The Last 14 Days
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July 28, 2015
19:40 EDTANFJudge rules lawsuit against Abercrombie & Fitch as 'class action', BI says
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July 27, 2015
19:31 EDTANFAbercrombie & Fitch to debut 'athleisure' clothing line, Racked says
Abercrombie & Fitch plans to debut a women's "athleisure" or activewear clothing line on July 29, reports Racked, citing company statements. Reference Link
08:26 EDTKERXKeryx appoints Scott Holmes as CFO
Keryx Biopharmaceuticals announced the appointment of Scott A. Holmes to CFO effective immediately. Holmes will be responsible for Keryx's finance function and will be a member of the company's executive team. He will succeed James Oliviero whose planned departure was announced earlier this year. Oliviero will stay with the company through a transition period. Holmes brings nearly 20 years of life sciences and financial management expertise to Keryx. He joins the company from AMAG Pharmaceuticals where he most recently served as senior vice president, finance and investor relations during a period of high growth driven by acquisitions and public financings. Prior to AMAG, from 2009 to 2011, he was vice president of finance and treasurer of Molecular Biometrics.
July 24, 2015
07:13 EDTKERXKeryx receives CHMP positive opinion for Fexeric
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05:45 EDTPANWProofpoint price target raised to $80 from $70 at Summit Research
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July 23, 2015
18:21 EDTPANWOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
11:32 EDTPANWIT security stocks climb after Fortinet, F5 beat expectations
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10:00 EDTKERXOn The Fly: Analyst Downgrade Summary
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08:06 EDTKERXKeryx downgraded to Market Perform from Outperform at Cowen
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07:43 EDTANFStephens to hold a tour
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05:15 EDTVEEVVeeva acquires HCP, HCO database from Merqurio in Italy
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July 17, 2015
14:37 EDTPANWUCLA Health says 4.5M individuals' data possibly exposed in cyber attack
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14:00 EDTDBEarnings Watch: Morgan Stanley rounds out quarterly results for financial firms
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10:56 EDTPANWCVS investigates credit card breach at online photo unit, KrebsOnSecurity says
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07:11 EDTPANWGigamon checks show continued momentum, says William Blair
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06:36 EDTDBBaFin accuses Deutsche Bank execs of Libor negligence, WSJ reports
German regulators have accused several Deutsche Bank executives of failing to halt or notify regulators about years of attempted market manipulation, the Wall Street Journal reports, according to a confidential report. BaFin, Germany's financial watchdog, sent the report to Deutsche Bank's board on May 11, less than a month before the bank announced that its co-CEOs Anshu Jain and Jurgen Fitschen intended to resign, the report says. Jain was singled out particularly int he letter for allegedly providing inadequate leadership and failing to stop manipulation of the London interbank offered rate, or Libor, and other benchmarks, the report says. Four other Deutsche bank board members and two other senior executives were also harshly criticized by BaFin in the report for negligence and selective disclosures, the Wall Street Journal says. Reference Link
July 16, 2015
10:00 EDTPANWOn The Fly: Analyst Initiation Summary
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09:12 EDTPANWPalo Alto initiated with a Buy at Cleveland Research
Target $218.
08:36 EDTPANWFinjan Holdings files second lawsuit against Blue Coat
Finjan Holdings (FNJN) announced that its subsidiary, Finjan, Inc. has filed a second patent infringement lawsuit against Blue Coat Systems, alleging infringement of seven Finjan patents relating to new infringing Blue Coat products and services. The Complaint, filed July 15, 2015, in the U.S. District Court for the Northern District of California, alleges that Blue Coat's new products and services infringe seven Finjan patents. In particular, Finjan is asserting infringement of U.S. Patent Nos. 6,154,844; 6,965,968; 7,418,731; 8,079,086; 8,225,408; 8,566,580; 8,677,494; four of which are being asserted against Blue Coat for the first time. Finjan is seeking a jury trial; entry of judgment of direct and indirect infringement of certain claims of each of the asserted patents by Blue Coat; preliminary and permanent injunction against Blue Coat and its officers, among others, from infringing the asserted patents; and damages to be determined by a jury. This original case against Blue Coat will be proceeding to trial on July 20, 2015, with all six patents included in Finjan's first complaint against Blue Coat. Those patents include 6,804,780; 6,154,844; 7,418,731; 6,965,968; 7,058,822 and 7,647,633. The trial in the first case is expected to last for two weeks. Finjan has filed patent infringement lawsuits against FireEye (FEYE), Proofpoint, Sophos, Symantec (SYMC), and Palo Alto Networks (PANW) relating to, collectively, more than 20 patents in the Finjan portfolio.
05:46 EDTDBFCA in early stages of investigation into Deutsche Bank, Financial Times reports
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