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Stock Market & Financial Investment News

News Breaks
March 28, 2014
12:16 EDTRHT, CBS, PCG, RH, BBRY, IDRA, CBSOOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the market looks to finish a relatively down week on an up note. The Nasdaq average, which has been down after all but one session this week, is reversing the trend and leading the other averages near noon. ECONOMIC EVENTS: In the U.S., personal income and consumer spending both rose 0.3% in February, matching expectations. The core PCE price index rose 0.1% in the month, which was also in-line with estimates. The final University of Michigan consumer sentiment reading for March came in at 80.0, which was down from February's 81.6 reading and a bit below expectations. In Europe, an index of executive and consumer sentiment rose to 102.4 in March from 101.2 in February, beating the consensus estimate of economists. COMPANY NEWS: Shares of beleaguered smartphone maker BlackBerry (BBRY) initially advanced after the company reported quarterly losses that were not as bad as analysts expected, excluding certain adjustments. BlackBerry said about 3.4M of its smartphones were sold through to end customers in the quarter, which included about 2.3M BlackBerry 7 devices. The company also said it continues to look for opportunities to streamline operations and is targeting break even cash flow results by the end of fiscal 2015. By midday the stock had given up all its early session gains to be down about 2%... CBS (CBS) rose more than 1% after the successful initial public offering of its outdoor advertising subsidiary CBS Outdoor Americas (CBSO). After the offering, CBS owns approximately 83% of CBS Outdoor, which plans to convert into a real estate investment trust later this year. The IPO priced at $28.00 per share and the new stock began trading at $30.10 in its debut this morning. MAJOR MOVERS: Among the notable gainers was home furnishing retailer Restoration Hardware (RH), which rose 12% after the company’s first quarter profit view beat estimates. Also higher were shares of Idera Pharmaceuticals (IDRA), which rose 11% after the company's Phase 2 trial of its treatment for moderate-to-severe plaque psoriasis met its primary objective. Among the noteworthy losers was PG&E Corporation (PCG), which dropped 4% after reporting that they expect that the federal government will bring criminal charges against the utility in connection with the 2010 San Bruno natural gas transmission pipeline accident. Following the announcement the stock was downgraded this morning at Deutsche Bank and Citigroup. Also lower was open source software provider Red Hat (RHT), which fell over 4% after the company’s profit outlook trailed analysts’ consensus estimate. INDEXES: Near midday, the Dow was up 124.94, or 0.77%, to 16,389.17, the Nasdaq was up 40.21, or 0.97%, to 4,191.44, and the S&P 500 was up 15.11, or 0.82%, to 1,864.15.
News For BBRY;CBS;CBSO;RH;RHT;IDRA;PCG From The Last 14 Days
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March 1, 2015
18:28 EDTBBRYBlackBerry expands cross platform strategy
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13:38 EDTBBRYBlackBerry, Samsung bring enterprise services to KNOX and Samsung Galaxy S6
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February 27, 2015
06:13 EDTPCGPG&E enters $500M equity distribution agreement
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06:07 EDTCBSTiVo, RPX buy Aereo assets, WSJ says
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February 25, 2015
14:03 EDTBBRYBlackBerry says working with Google to enable BES12
BlackBerry Limited (BBRY) announced that it is working with Google (GOOG) to enable BES12: a cross-platform EMM solution by BlackBerry to manage devices equipped with Android for Work, Google's solution to securely separate business and personal data and applications. BES12 will provide organizations with the most secure and flexible way to manage Android for Work. Android for Work smartphones and tablets will be natively managed within the BES12 environment.
09:48 EDTBBRYIDC reports 96.3% smartphone marketshare for iPhone, Android
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07:57 EDTCBSSandell pressures CBS to divest radio stations to Cumulus Media, The Deal says
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February 24, 2015
07:31 EDTIDRARBC Capital to hold a conference
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05:59 EDTBBRYStocks with implied volatility movement; BBRY AAPL
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February 23, 2015
09:02 EDTBBRYVerizon to sell BlackBerry Classic for $100, CrackBerry says
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February 19, 2015
13:56 EDTBBRYT-Mobile in talks to resume selling BlackBerry devices, CrackBerry says
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10:05 EDTCBSCBS says Hulu bought video on demand rights to CSI
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09:32 EDTBBRYBlackBerry announces roll out of 10 OS 10.3.1
BlackBerry announced that BlackBerry 10 OS version 10.3.1 will begin rolling out globally today for in-market BlackBerry 10 devices, including the BlackBerry Passport, Z30, Z3, Z10, Q10, and Q5.
05:34 EDTBBRYStocks with implied volatility below IV index mean; EXPE BBRY
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February 18, 2015
10:05 EDTRH, CBSOn The Fly: Analyst Initiation Summary
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08:49 EDTCBSCBS initiated with a Neutral at Rosenblatt
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07:59 EDTBBRYBlackBerry files copyright lawsuit against Typo Products, AP says
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07:29 EDTRHRestoration Hardware initiated with an Outperform at Cowen
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February 17, 2015
12:56 EDTCBSDecline of TV viewing accelerated, NY Post reports
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09:42 EDTIDRABaker Brothers Advisors buy 5.33M shares of Idera Pharmaceuticals
A filing by Idera Pharmaceuticals director Julian Baker showed that his Baker Bros. Advisors purchased about 5.33M shares of the company's stock in transactions on February 13 at an average price of $3.75 per shares. Idera Pharmaceutical shares are up 6.5% to $4.37 in early trading.
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