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Stock Market & Financial Investment News

News Breaks
March 12, 2013
11:00 EDTFNF, AVB, TWX, DKS, PIPHigh option volume stocks: AVB PIP TWX FNF DKS
News For AVB;PIP;TWX;FNF;DKS From The Last 14 Days
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January 22, 2015
14:26 EDTAVBAvalonBay reports fire at Avalon at Edgewater apartment community
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January 21, 2015
07:34 EDTTWXNetflix CEO sees room for competition in video streaming market, CNet says
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06:17 EDTTWXOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
17:46 EDTTWXNetflix says 'looking good' to reach 60M-90M U.S. subscriptions
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14:06 EDTTWXCitizens, Keysight identified as long positions by Einhorn
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13:24 EDTTWXGreenlight has new long positions in Citizens, Time Warner, Bloomberg says
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07:35 EDTTWXTime Warner downgraded at Morgan Stanley
As previously reported, Morgan Stanley downgraded Time Warner to Equal Weight from Overweight. The firm downgraded shares based on balanced risk/reward, and downside risk from affiliate fee growth and TV advertising. Price target lowered to $85 from $90.
06:29 EDTTWXTime Warner downgraded to Equal Weight from Overweight at Morgan Stanley
January 18, 2015
16:46 EDTTWXWarner Bros.' 'American Sniper' takes top spot with $90.2M at box office
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January 16, 2015
16:14 EDTPIPSIGA Technologies appeals judgment of Delaware Court of Chancery
SIGA Technologies (SIGA) announced that it has filed a notice of appeal from the judgment of the Delaware Court of Chancery awarding PharmAthene (PIP) expectation damages. On January 15, the Court of Chancery entered a judgment awarding PharmAthene a lump sum of $113,116,985 plus prejudgment interest, costs and fees. The total amount of the judgment is $194,649,041.74. William J. Haynes II, SIGA's General Counsel, commented, “We believe the decision to award expectation damages is not supported by law with the amount of the award being completely speculative, conjectural and arbitrary. We are confident in the strength of our grounds for appeal, and will ask the Supreme Court of Delaware to overturn this judgment.” Dr. Eric A. Rose, SIGA’s CEO, also commented, “We remain absolutely committed to performing under SIGA's contract with BARDA, obtaining FDA approval for our smallpox drug, Tecovirimat, and growing our company, and we have ample resources to do so.” While SIGA believes it has strong grounds on which to base its appeal, no assurance can be given that its appeal will be successful.
10:01 EDTTWXOn The Fly: Analyst Downgrade Summary
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09:12 EDTPIPOn The Fly: Pre-market Movers
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06:01 EDTPIPSiga ordered to pay $194M to PharmAthene in smallpox drug case, Bloomberg says
Siga Technologies (SIGA) was ordered to pay more than $194M to PharmAthene (PIP) in a dispute over the medicine that caused Siga to seek bankruptcy protection in 2014, reports Bloomberg. Delaware Chancery court Judge Donald Parsons said Siga executives breached their obligation to negotiate a licensing agreement for the smallpox medicine in good faith. Reference Link
January 15, 2015
18:28 EDTPIPOn The Fly: After Hours Movers
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16:23 EDTTWXTime Warner downgraded to Hold from Buy at Stifel
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16:11 EDTPIPPharmAthene says court enters final order in $194.65M SIGA litigation
PharmAthene (PIP) announced that the Delaware Court of Chancery has entered its Final Order and Judgment in the company's litigation against SIGA Technologies (SIGA). The court's judgment against SIGA totaled $194.65M, including $113.12M in lump sum expectation damages for the value of PharmAthene's lost profits for SIGA's smallpox antiviral, Tecovirimat, and $81.53M in pre-judgment interest and attorneys' and expert witness fees. The court's determination, along with the decision itself, will remain subject to appeal by SIGA to the Delaware Supreme Court. Because SIGA has filed for protection under the Federal bankruptcy laws, PharmAthene said it is automatically stayed from taking any enforcement action in the Delaware Court of Chancery. PharmAthene's ability to collect a money judgment from SIGA remains subject to further proceedings in the bankruptcy court, it added.
January 14, 2015
05:41 EDTAVBMultifamily REIT sector downgraded to Market Weight at Wells Fargo
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January 13, 2015
10:00 EDTDKSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Midstream Partners (AMID) initiated with a Buy at Wunderlich... Ameriprise (AMP) initiated with a Buy at Deutsche Bank... Applied DNA Sciences (APDN) initiated with a Buy at Maxim... Axalta Coating (AXTA) initiated with an Outperform at RW Baird... Bellicum Pharmaceuticals (BLCM) initiated with a Buy at Citigroup... Bonanza Creek (BCEI) initiated with a Hold at Deutsche Bank... ConocoPhillips (COP) initiated with an Underweight at JPMorgan... Core-Mark (CORE) initiated with a Buy at Jefferies... Dick's Sporting (DKS) initiated with an In-Line at Imperial Capital... Dynegy (DYN) reinstated with an Overweight at Barclays... Gannett (GCI) initiated with an Outperform at Wells Fargo... Gran Tierra (GTE) initiated with an Outperformer at CIBC... HomeAway (AWAY) initiated with an Outperform at RBC Capital... Juno Therapeutics (JUNO) initiated with a Neutral at Goldman... MakeMyTrip (MMYT) initiated with a Buy at BofA/Merrill... PDC Energy (PDCE) initiated with a Hold at Deutsche Bank... PNC Financial (PNC) initiated with a Hold at Evercore ISI... Proofpoint (PFPT) initiated with a Buy at Summit Research... Sensata (ST) initiated with a Buy at Stifel... Southcross Energy Partners (SXE) initiated with a Buy at Wunderlich... Suncor (SU) initiated with an Overweight at JPMorgan... U.S. Bancorp (USB) initiated with a Hold at Evercore ISI... United Financial (UBNK) initiated with a Sector Perform at RBC Capital... Vantiv (VNTV) initiated with an Outperform at Keefe Bruyette... Wells Fargo (WFC) initiated with a Hold at Evercore ISI.
06:28 EDTTWXCNN reaches deal with FAA to study use of drones in reporting, WSJ reports
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05:32 EDTDKSDick's Sporting initiated with an In-Line at Imperial Capital
Target $60.
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