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Stock Market & Financial Investment News

News Breaks
March 21, 2013
10:06 EDTATU, CHA, CSCO, JNPR, CP, CHTR, WETF, WSM, BKW, ORCL, CTP, LIFE, BFAMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Outperform at RW Baird... Burger King (BKW) downgraded to Underperform from Neutral at BofA/Merrill... CTPartners (CTP) downgraded to Market Perform from Outperform at William Blair... Life Technologies (LIFE) downgraded to Neutral from Buy at Cowen... Oracle (ORCL) downgraded to Equal Weight from Overweight at Evercore... Williams-Sonoma (WSM) downgraded to Hold from Buy at Deutsche Bank... Wisdom Tree (WETF) downgraded to Buy from Conviction Buy at Goldman... Sanderson Farms (SAFM) downgraded to Neutral from Buy at Sidoti... Charter (CHTR) downgraded to Neutral from Buy at Guggenheim... Canadian Pacific (CP) downgraded to Buy from Conviction Buy at Goldman... Juniper (JNPR) downgraded to Underperform from Market Perform at FBR Capital... Cisco (CSCO) downgraded to Underperform from Market Perform at FBR Capital... Life Technologies (LIFE) downgraded to Neutral from Buy at Cowen... China Telecom (CHA) downgraded to Neutral from Overweight at JPMorgan... Bright Horizons (BFAM) downgraded to Hold from Buy at Stifel.
News For ATU;LIFE;CTP;ORCL;BKW;WSM;WETF;CHTR;CP;JNPR;CSCO;CHA;BFAM From The Last 14 Days
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August 26, 2014
06:19 EDTBKWBerkshire may lend 25% of financing for Burger King/Tim Hortons deal, WSJ says
Warren Buffett's Berkshire Hathaway (BRK.A) will help finance the acquisition of Tim Hortons (THI) by Burger King (BKW), the Wall Street Journal reports, citing people familiar with the matter. According to sources, Berkshire, which would invest in the deal in the form of preferred shares, could provide around 25% of the deal's financing. The acquisition may be valued at $10B or more. Reference Link
August 25, 2014
16:13 EDTBKWOn The Fly: Closing Wrap
Stocks began the session in positive territory and proceeded to tack on gains throughout the morning. Despite a disappointing report on new home sales in July, the S&P surpassed the 2,000 level for the first time before noon. The market pared its gains shortly after the milestone was reached and drifted for the remainder of the session on light volume, as trading activity may be restrained all week ahead of the Labor Day weekend. ECONOMIC EVENTS: In the U.S., the Chicago Fed's National Activity index jumped to 0.39 in July from an upwardly revised 0.21 in June. Markit's preliminary August services PMI came in at 58.5, which was down from a prior reading of 60.8 but above the 58.0 consensus projection. New home sales dropped 2.4% to a 412K rate in July, missing expectations for them to have risen to a 430K annualized rate. COMPANY NEWS: Shares of InterMune (ITMN) surged $19.05, or 35.41%, to $72.85 after the company agreed to be acquired by Roche (RHHBY) for $74.00 per share in an all-cash transaction. The deal announcement comes less than two weeks after Bloomberg reported that Roche, along with big pharma peers Sanofi (SNY) and GlaxoSmithKline (GSK), had made takeover bids for the smaller drugmaker. A number of other biotech companies gained following the deal announcement, including bigger names like Gilead (GILD) and Celgene (CELG) and smaller ones such as Achillion Pharmaceuticals (ACHN) and Receptos (RCPT)... Burger King (BKW) shares rose $5.29, or 19.51%, to $32.40 after the company confirmed it is in talks regarding a potential strategic transaction with Canadian donut chain Tim Hortons (THI). Shares of Tim Horton's trading in New York also gained $11.88, or 18.91%, to $74.72 following the confirmation of news first reported by The Wall Street Journal. MAJOR MOVERS: Among the other notable gainers was Advaxis (ADXS), which advanced 75c, or 23.08%, to $4.00 after announcing it has entered into a clinical trial collaboration agreement with Merck (MRK). Also rising were shares of Comtech (CMTL), which jumped $1.70, or 4.84%, to $36.81 after Reuters said the company is working with Citigroup to explore a potential sale. Among the noteworthy losers was Chinese internet and software company Qihoo 360 Technology (QIHU), which fell $7.88, or 7.74%, to $93.87 despite reporting second quarter earnings and revenue that beat analysts' estimates. Also lower were shares of GrubHub (GRUB), which fell $3.60, or 8.42%, to $39.16 after filing to sell 10M shares of common stock. INDEXES: The Dow gained 75.65, or 0.44%, to 17,076.87, the Nasdaq rose 18.80, or 0.41%, to 4,557.35, and the S&P 500 advanced 9.54, or 0.48%, to 1,997.94.
13:02 EDTBKWBurger King upgraded to Buy from Neutral at BofA/Merrill
12:35 EDTBKWBurger King, Tim Hortons deal likely complete in next day or two, CNBC reports
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12:19 EDTBKWOn The Fly: Midday Wrap
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10:54 EDTBKWHigh option volume stocks
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10:25 EDTBKWBurger King, Tim Hortons climb higher after confirming deal talks
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09:11 EDTBKWOn The Fly: Pre-market Movers
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08:36 EDTBKWTim Hortons business would be boosted by Burger King deal, says KeyBanc
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06:48 EDTWETFOch-Ziff Capital WisdomTree pair trade closed at Citigroup
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06:47 EDTBKWTim Hortons volatility expected to move on confirming talks with Burger King
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05:11 EDTBKWTim Hortons, Burger King confirm talks regarding potential strategic transaction
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August 24, 2014
20:05 EDTBKWBurger King seeks Tim Hortons acquisition in tax inversion deal, WSJ says
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August 22, 2014
13:49 EDTORCLOregon sues Oracle over health exchange website
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11:26 EDTORCLSalesforce.com rallies following beat and raise quarter
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10:52 EDTBKWCarrols Restaurant signs agreements to buy 64 Burger King restaurants
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09:00 EDTWSMWilliams-Sonoma September volatility elevated into Q2 and outlook
Williams-Sonoma September call option implied volatility is at 28, October is at 25, November is at 24; compared to its 26-week average of 25 according to Track Data, suggesting larger price movement into the expected release of Q2 results on August 27.
August 20, 2014
08:41 EDTCHANQ Mobile's vLife Technnology adopted by China Telecom
NQ Mobile (NQ) announced a partnership with China Telecom (CHA) that will bring NQ Mobile's vLife technology to China Telecom's "E Surfing" product. Under terms of the agreement, vLife will power the user interface for the mobile cloud platform.
06:26 EDTCSCOCisco COO says annual layoffs 'wrong way to do it,' Business Insider reports
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06:26 EDTCPU.S. regulators call meeting with BNSF, Canadian Pacific over delays, WSJ says
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