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Stock Market & Financial Investment News

News Breaks
October 11, 2012
10:21 EDTZNGA, TTWO, LPNT, EA, RAD, LTM, ATVI, UHS, SBAC, XOMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Activision Blizzard (ATVI) initiated with an Outperform at Credit Suisse... Electronic Arts (EA) initiated with a Neutral at Credit Suisse... Exxon Mobil (XOM) initiated with a Buy at Dahlman Rose... Life Time Fitness (LTM) initiated with an Outperform at Wedbush... LifePoint Hospitals (LPNT) initiated with an Underweight at Barclays... Rite Aid (RAD) initiated with a Buy at BTIG... SBA Communications (SBAC) initiated with a Buy at Nomura... Take-Two (TTWO) initiated with a Neutral at Credit Suisse... Universal Health (UHS) initiated with an Overweight at Barclays... Zynga (ZNGA) initiated with an Underperform at Credit Suisse... LifePoint Hospitals (LPNT) initiated with an Outperform at Imperial Capital.
News For ATVI;EA;XOM;LTM;LPNT;SBAC;RAD;TTWO;UHS;ZNGA From The Last 14 Days
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March 18, 2015
10:30 EDTRADRite Aid calls active on renewed takeover speculation
Rite Aid April 8 and 9 calls are active on 138K contracts (1K puts) on renewed takeover speculation. March call option implied volatility is at 72, April is at 62, May is at 53; compared to its 26-week average of 44 according to Track Data. Active call volume suggests traders taking positions for larger near term price movement.
10:15 EDTRADRumor: Rite Aid moves higher on renewed takeover speculation
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06:16 EDTXOM, RADAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 17, 2015
11:42 EDTEAElectronic Arts Battlefield Hardline review slightly disappointing, says Cowen
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09:03 EDTEAElectronic Arts, Visceral Games announce availability of Battlefield Hardline
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March 16, 2015
12:43 EDTLTMOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after stimulus talk out of China and a rally in European stock markets lifted the U.S. market at the open. There was little reaction to the day’s domestic economic reports, which included the Empire manufacturing index, industrial production data, and a homebuilder confidence index. The week's big economic news, however, is yet to come, as investors look forward to the conclusion of the Federal Reserve's latest rate setting meeting on Wednesday. ECONOMIC EVENTS: In the U.S., the Empire State manufacturing index dipped to 6.9 in March, versus the consensus forecast for a reading of 8.0. Industrial production edged up 0.1% in February, versus expectations for an increase of 0.2%, and capacity utilization fell to 78.9%, versus the 79.5% consensus forecast. The NAHB homebuilder sentiment index dropped to 53 in March from 55 in February, missing expectation for the index to rise to 56. Oil prices continued to tumble, with U.S. crude dropping to a six-year low below $44 per barrel earlier in the session. In Asia, Chinese Premier Li Keqiang said Sunday that his government has room and the tools to take action should growth falter, without detailing specific remedies the government might pursue. COMPANY NEWS: Valeant (VRX), which not long ago lost out to Actavis (ACT) in the race to buy Allergan (AGN), increased its chances of making sure its latest buyout deal gets done by increasing its takeover offer to Salix Pharmaceuticals (SLXP) by about $1B. Rival bidder Endo Health (ENDP) confirmed that it is withdrawing its cash and stock proposal to acquire Salix after Valeant raised its all-cash bid for Salix to $173 per share from $158 per share. Shares of Valeant and Salix both rose about 2%, while Endo shares gained 2.5% following the announcements. MAJOR MOVERS: Among the notable gainers was Life Time Fitness (LTM), which rose 5% after entering into a definitive agreement to be acquired by private equity firms Leonard Green & Partners and TPG in a transaction valued at more than $4B, or $72.10 per share, in cash. Also higher was Edwards Lifesciences (EW), which rose 8% after the company reported data at this weekend's American College of Cardiology conference. Among the noteworthy losers was iDreamSky (DSKY), which dropped more than 25% after the company lowered its guidance because the launch of a popular casual game was delayed on one of the company distribution platforms and the monetization of another popular casual game was less than expected. Also lower were shares of Enzo Biochem (ENZ), which fell 17% after an appeals court reversed-in-part and vacated-in-part the judgment in Enzo’s favor that Life Technologies' (LIFE) Applera Corp. infringed certain Enzo patents. INDEXES: Near midday, the Dow was up 174.81, or 0.98%, to 17,924.12, the Nasdaq was up 39.80, or 0.82%, to 4,911.55, and the S&P 500 was up 20.07, or 0.98%, to 2,073.47.
11:11 EDTXOMOPEC sees oil prices to hit U.S. oil output by late 2015, Reuters says
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10:29 EDTLTMLife Time Fitness downgraded to Neutral from Overweight at Piper Jaffray
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10:07 EDTLTMHigh option volume stocks
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09:22 EDTLTMOn The Fly: Pre-market Movers
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08:18 EDTLTMLife Time Fitness volatility flat into Leonard Green affiliates acquiring
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08:07 EDTLTMLife Time Fitness to be acquired by Leonard Green affiliates in $4B deal
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March 13, 2015
16:28 EDTXOMWhiting attracts interest from Exxon Mobil, Hess, Continental, Bloomberg says
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15:54 EDTXOMWhiting attracts interest from Exxon Mobil, Hess, Continental, Bloomberg says
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08:36 EDTXOMHoward Hughes sees 507 new hotel rooms in FY15
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07:49 EDTATVI, TTWO, EAVideo game hardware sales up 10% in February, software up 7%, Game Informer says
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06:32 EDTXOMIEA says oil price pressure likely to resume, Reuters reports
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06:29 EDTXOMOil companies reach tentative agreement with union, WSJ says
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05:42 EDTATVI, EA, TTWOFebruary video game software sales rose 7%, says Piper Jaffray
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05:18 EDTXOMExxon Mobil CEO says U.S. needs to 'make regulatory process less burdensome'
The U.S. government needs to adjust its energy policies to ensure that America can realize all the benefits of the new era of energy abundance, Rex Tillerson, chairman and CEO of Exxon Mobil said Thursday. “We need sound energy policies – policies equal to the innovation that has redefined the modern energy landscape,” Tillerson said in an address to The Economic Club of Washington. “It is time to build policies that reflect our newfound abundance – that view the future with optimism, that recognize the power of free markets to drive innovation, and that proceed with the conviction that free trade brings prosperity and progress.” As examples, Tillerson said that Congress and the White House need to enable U.S. exports of oil and natural gas, approve the Keystone XL pipeline, and make the regulatory process less burdensome and more transparent. “With free trade in energy and common-sense regulatory reforms, the U.S. energy industry can strengthen U.S. energy security and continue to pioneer the innovations that make possible the safe and responsible development of energy,” Tillerson said. “No one can say for sure how the industry will evolve next or where it will go – but one of the enduring lessons of our industry is that sound policy rewards wide and disciplined investments, spurs economic growth and improved environmental performance, and leads to greater peace and prosperity.” A major driver in the industry’s expansion, Tillerson said, has been breakthroughs in the integration of hydraulic fracturing and horizontal drilling, a renaissance that is now bringing economic benefits to all 48 states in the continental U.S. along with unanticipated environmental gains. “Because natural gas emits up to 60 percent less carbon dioxide than other major sources when used for power generation, our abundant and reliable supplies have been instrumental in reducing our nation’s carbon dioxide emissions to levels not seen since the early 1990s,” Tillerson said. He noted that industry has a responsibility to meet the two-pronged challenge of providing for the world's energy needs while protecting the environment. “The global economy will need sound economic reasoning and more sensible policies to fully leverage this moment to meet the energy and environmental challenges of the future,” said Tillerson.
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