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Stock Market & Financial Investment News

News Breaks
January 29, 2013
10:02 EDTBCEI, HXL, N, ELLI, CRM, ULTI, DGX, VNR, PRGX, NCLH, LH, CLH, AXSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AXIS Capital (AXS) initiated with a Market Perform at Raymond James... Clean Harbors (CLH) initiated with a Buy at BB&T... LabCorp (LH) initiated with a Perform at Oppenheimer... Norwegian Cruise Line (NCLH) initiated with a Buy at Stifel Nicolaus... PRGX Global (PRGX) initiated with an Outperform at RW Baird... Quest Diagnostics (DGX) initiated with an Underperform at Oppenheimer... Vanguard Natural (VNR) initiated with an Outperform at Raymond James... Ultimate Software (ULTI) initiated with a Buy at Maxim... Salesforce.com (CRM) initiated with a Buy at Maxim... Ellie Mae (ELLI) initiated with a Buy at Maxim... NetSuite (N) initiated with a Hold at Maxim... Hexcel (HXL) initiated with a Buy at Topeka... Bonanza Creek (BCEI) initiated with an In-Line at Imperial Capital.
News For AXS;CLH;LH;NCLH;PRGX;VNR;DGX;ULTI;CRM;ELLI;N;HXL;BCEI From The Last 14 Days
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October 16, 2014
09:01 EDTNNetSuite, Coupa announce strategic partnership
Coupa announced a strategic partnership with NetSuite to jointly promote and market the Coupa Cloud Procurement and Expense Management SuiteApp built for NetSuite to businesses seeking to transform their procurement and expense management processes.
07:57 EDTCRMSalesforce president lays out vision for quadrupling revenue, WSJ reports
Salesforce (CRM) president and vice chairman Keith Block outlined his plan to grow the company's annual revenue to $20B at the company’s annual Dreamforce conference, said The Wall Street Journal, which noted that Block specifically said, “We want to be bigger than SAP.” Block's strategy involves expansion in new product areas, adding new packages of software tailored to a handful of high-value industries, and expanding sales efforts outside of North America, the Journal reported. Reference Link
October 15, 2014
19:16 EDTLHLabCorp acquisition of LipoScience clears antitrust approval
Laboratory Corporation of America Holdings, or LabCorp (LH), announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 applicable to the acquisition of LipoScience, Inc. (LPDX) by LabCorp. The transaction is expected to close in Q4.
16:11 EDTLHLabCorp's LipoScience acquisition clears antitrust approval
LipoScience (LPDX) announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 applicable to the acquisition of LipoScience by Laboratory Corporation of America Holdings (LH). The transaction remains subject to other customary closing conditions set forth in the Agreement and Plan of Merger, dated September 24. The transaction is expected to close in Q4.
07:25 EDTBCEICanaccord to hold a conference
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07:16 EDTVNRVanguard Natural board authorizes $10M common unit buyback program
Vanguard Natural Resources announced that its Board of Directors authorized a $10M common unit buyback program. The program was approved for an initial three month period which authorizes the company to make open market purchases pursuant to the SEC guidelines of Rule 10B-18. The company intends to hold the common units to fund the company’s long-term incentive plan as directed by the Compensation Committee. Executive Vice-President & CFO, Richard A. Robert commented also commented on the stock price fluctuations in the market place stating, “Companies in the energy sector as a whole and particularly the upstream MLP space have experienced large declines in stock price within the last 30 days in tandem with declines in crude oil prices. While Vanguard has experienced an approximate 24% drop in the unit price in the last 30 days we felt it is important to remind our investor base the risk mitigation strategies Vanguard employs to protect cash flow and maintain the monthly cash distributions to our investors which currently yields 11.4% on an annualized basis. For 2015, says assuming CapEx program of $215M, average NGL basket price of $24.44 per barrel, 25bp LIBOR interest rate increase effective July 1, 2015.
October 13, 2014
16:33 EDTCRMMicrosoft and Salesforce.com unveil new joint solutions
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14:35 EDTCRMSalesforce launches analytics cloud
Salesforce earlier today announced Wave, Salesforce Analytics Cloud. Wave is the first cloud analytics platform designed for every business user, making it easier than ever for anyone to explore data, uncover new insights and take action instantly from any device, the company stated. Companies can now quickly deploy sales, service and marketing analytics, or build custom mobile analytics apps, using any data source, Salesforce added.
13:22 EDTNCLHNorwegian Cruise Line names Drew Madsen as COO
Norwegian Cruise (NCLH) announced that hospitality veteran Drew Madsen has joined as president and COO of Norwegian Cruise Line. Madsen brings a strong track record of success to Norwegian with more than 30 years of leadership experience in the hospitality and consumer products industry, most recently as president and COO at Darden Restaurants (DRI) the world's largest full-service restaurant company.
10:43 EDTCRMSalesforce.com October volatility elevated into executive Q&A with Marc Benioff
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07:38 EDTCRMSalesforce to hold a conference
Dreamforce 2014 is being held in San Francisco on October 13-16.
October 12, 2014
17:20 EDTCRMGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 9, 2014
10:00 EDTULTI, NOn The Fly: Analyst Initiation Summary
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07:35 EDTULTIUltimate Software initiated with a Buy at MKM Partners
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07:34 EDTNNetSuite initiated with a Buy at MKM Partners
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07:34 EDTCRMSalesforce.com coverage assumed with a Buy at MKM Partners
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October 8, 2014
16:09 EDTLHMyriad Genetics appoints former LabCorp executive Riggsbee as CFO
Myriad Genetics (MYGN) announced the appointment of R. Bryan Riggsbee as executive vice president, CFO, and Treasurer effective October 16. Jim Evans will continue in his role as CFO through the transition to Riggsbee, the company stated. Riggsbee most recently served as the senior vice president, Corporate Finance at Laboratory Corporation of America (LH).
07:32 EDTNFederal Reserve Bank of Chicago President to speak on the economy
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07:18 EDTDGXInfectious Diseases Society of America to hold a conference
ID Week 2014 is being held in Philadelphia on October 8-12.
October 7, 2014
09:49 EDTLH, DGXUBS healthcare services analyst holds an analyst/industry conference call
Healthcare Services Analyst Rice, along with Dr. Robert Boorstein, Clinical Lab Assessment Director of ClasGroup, discuss the health of the clinical lab market and how DGX and LH are competitively positioned for the long-term on an Analyst/Industry conference call to be held on October 7 at 11 am.
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