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Stock Market & Financial Investment News

News Breaks
May 30, 2014
10:40 EDTGES, PANW, KERX, BIG, EXPR, RMTI, VEEV, ANF, ARUN, DBOptions 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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April 23, 2015
08:55 EDTBIGBig Lots weakness creates buying opportunity, says MKM Partners
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08:29 EDTDBDeutsche Bank plans deep investment bank cuts, Postbank spinoff, FT says
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08:21 EDTDBDeutsche Bank to pay $2.5B in interest rate manipulation settlement
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08:21 EDTDBDeutsche Bank to pay $800M to settle CFTC charges of LIBOR, Euribor manipulation
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08:08 EDTKERXKeryx appoints John Neylan, MD, as Chief Medical Officer
Keryx Biopharmaceuticals announced the appointment of John Neylan, MD to the newly created position of Chief Medical Officer. In this role, Dr. Neylan will be responsible for oversight of medical affairs, clinical development and pharmacovigilence at Keryx. Dr. Neylan comes to Keryx from Genzyme, where since 2008 he served in the capacity of SVP, Clinical Development, focusing on specialty metabolic diseases.
April 22, 2015
19:43 EDTDBDeutsche Bank likely to pay over $2B in Libor rigging settlement, Reuters says
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12:52 EDTDBDeutsche Bank to report Q1 litigation costs of EUR1.5B
Deutsche Bank announced that it expects to report litigation costs of approximately EUR 1.5B for Q1. The bank noted, "The majority of these litigation costs are not tax-deductible. Despite these costs Deutsche Bank will be profitable in the first quarter and will report near record revenues."
07:12 EDTPANWStephens to hold company meetings at conference
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April 21, 2015
08:40 EDTPANWCheck Point price target raised to $100 from $85 at Needham
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07:15 EDTPANWUBS to host a software tour
Software Tour at RSA Conference is being held on April 21-24.
April 20, 2015
16:32 EDTPANWPalo Alto re-initiated with an Outperform at Imperial Capital
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12:35 EDTPANWCybersecurity stocks rally after Raytheon announces joint venture
The shares of cybersecurity companies are rising after Raytheon (RTN), a major defense contractor, announced that it was forming a cybersecuity joint venture with a company in the sector, Websense. Raytheon will acquire control of Websense as part of the deal. WHAT'S NEW: Raytheon announced that it had agreed to form a joint venture with Websense, which is owned by Vista Equity Partners. Under the deal, Websense will combine with Raytheon Cyber Products, a business unit of Raytheon's Intelligence, Information and Services segment. Raytheon will pay about $1.57B for an 80.3% stake in the joint venture. Additionally, Raytheon will pay $1.9B, net of cash acquired, to buy Websense. Of the $1.9B, $600M will be in the form of an intercompany loan to the joint venture. The combined company will be treated as a separate business segment of Raytheon, the defense contractor stated. John McCormack, the CEO of Websense, will be the CEO of the unit. The deal is expected to close next quarter. ANALYST REACTION: In a note to investors earlier today, Wells Fargo analyst Sam Pearlstein wrote that the deal will raise Raytheon's non-GAAP, 2015 adjusted earnings per share by about 6c. However, the transaction will lower Raytheon's EPS on a GAAP basis for 2015 by 48c, driven by amortization of intangibles, deferred revenue, and one-time costs, according to Pearlstein. The analyst kept an Outperform rating on Raytheon shares. WHAT'S NOTABLE: Cybersecurity company Check Point (CHKP) reported stronger than expected first quarter results today. Its Q2 guidance was roughly in-line with analysts' consensus estimates at the midpoints of the ranges given for earnings and revenue. Additionally, Check Point announced a partnership with another cybersecurity company, FireEye (FEYE). The companies said they would share threat intelligence to protect customers from modern advanced attacks. PRICE ACTION: In early afternoon trading,Check Point jumped 5.4% to $86.14, FireEye rose 3.8% to $42.39, Palo Alto (PANW) gained 2.4% to $146, Fortinet (FTNT) added 1.7% to $34.28, Proofpoint (PFPT) advanced 1.7% to $58, and Raytheon slid 0.3% to $107.40.
April 19, 2015
12:52 EDTDBDeutsche Bank said to favor Postbank disposition, WSJ says
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April 17, 2015
06:33 EDTDBSources: Halliburton hires BofA, Deutsche Bank to sell assets, Reuters reports
According to sources, Reuters reports that Bank of America (BAC) and Deutsche Bank (DB) have been hired by Halliburton (HAL) to sell two assets that could be valued at up to $5B. Bank of America will work to sell some of Halliburton's Sperry Drilling business, including logging-while-drigging, directional drilling and measuring-while-drilling, while Deutsche Bank is mandated to sell Halliburton's drill bits businesses. Halliburton is seeking to divest some assets to ease regulators' antitrust concerns in its $35B merger deal with Baker Hughes (BHI). Reference Link
April 15, 2015
14:58 EDTANFAbercrombie & Fitch June calls active
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10:00 EDTANFOn The Fly: Analyst Initiation Summary
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06:56 EDTANFAbercrombie & Fitch initiated with a Neutral at Guggenheim
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06:41 EDTDBECB authorizes new emergency funding for Greek banks, Reuters reports
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06:20 EDTDBDeutsche Bank fined $8.4M by Dubai Financial Services Authority
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April 14, 2015
10:16 EDTBIGHigh option volume stocks
High option volume stocks: NSAM ALU CJES BIG CMRX ERIC NTAP TMO KN CIG
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