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Stock Market & Financial Investment News

News Breaks
December 20, 2013
16:27 EDTBBRY, KMX, TIBX, GENT, JAZZ, ORCL, MKTG, SFTBF, S, TMUS, BTUOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a revised GDP estimate showed the U.S. economy grew at a 4.1% annual rate in the third quarter, the strongest reading since late 2011. The averages powered to their highs near midday but came off their best levels into the close, though with today's close each of the indexes finished the week with gains better than 2%. ECONOMIC EVENTS: In the U.S., third quarter GDP growth was revised up to 4.1% from the second reading of 3.6% growth. Personal consumption fueled the better than expected headline, rising 2.0%, which was up from the prior 1.4% estimate and from 1.8% in the prior quarter. In Europe, ratings agency S&P cut its triple-A rating of the European Union by one notch. COMPANY NEWS: BlackBerry (BBRY) reported a wider-than-expected quarterly loss, with sales that also trailed estimates, as the trouble handset maker recognized revenue on only 1.9M smartphones in the third quarter which was down from 3.7M smartphones in the previous quarter. BlackBerry also announced a five-year strategic partnership with Foxconn, which also builds devices for Apple (AAPL), and shares of the company, which have a substantial short interest, closed up 97c, or 15.52%, to $7.22... T-Mobile U.S. (TMUS) gained $1.39, or 4.69%, to $31.00 after a Wall Street Journal report said that Sprint (S) may bid for the company, while a report from Bloomberg said that Softbank (SFTBF) CEO Masayoshi Son has approached banks about financing a possible deal for T-Mobile. Sprint, which is majority-owned by Softbank, saw its shares gain 62c, or 6.71%, to $9.86. MAJOR MOVERS: Among the notable gainers was Responsys (MKTG), up $7.81, or 40.01%, to $27.33 after agreeing to be acquired by Oracle (ORCL) for $27.00 per share in cash. Also higher were shares of Jazz Pharmaceuticals (JAZZ), up $9.19, or 8.01%, to $123.91 after the company last night announced it would acquire Gentium (GENT) for $57 per share in a deal Jazz said will be immediately accretive to its adjusted earnings per share. U.S.-listed shares of Gentium gained $1.57, or 2.82%, to $57.22 following the announcement. Among the noteworthy losers was TIBCO Software (TIBX), down $2.54, or 10.38%, to $21.94 after the company last night reported fourth quarter earnings that beat estimates, but gave a first quarter profit and sales outlook that trailed estimates, as the stock was also downgraded to Neutral from Buy at UBS. Also lower following a disappointing earnings report was CarMax (KMX), which fell $4.97, or 9.37%, to $48.08. Shares of coal miner Peabody Energy (BTU) also fell 90c, or 4.70%, to $18.23 after the company said it expects fiscal-year 2013 adjusted EBITDA to come in $60M-$80M lower than previously expected. INDEXES: The Dow was up 42.06, or 0.26%, to 16,221.14; the S&P 500 was up 8.71, or 0.48%, to 1,818.31; the Nasdaq was up 46.61, or 1.15%, to 4,104.74.
News For BBRY;TMUS;S;SFTBF;MKTG;ORCL;JAZZ;GENT;TIBX;KMX;BTU From The Last 14 Days
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April 4, 2014
08:07 EDTTMUS, SFTBF, SRegulators 'increasingly open' to Sprint, T-Mobile merger, says FBR Capital
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07:36 EDTBTUPeabody upgraded to Outperform from Market Perform at Cowen
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07:04 EDTKMXCarMax says corrected accounting related to cancellation reserves
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07:02 EDTKMXCarMax reports Q4 EPS 44c, consensus 53c
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07:01 EDTKMXCarMax board approves $1B expansion of share repurchase program
This authorization expires December 31, 2015.
06:36 EDTBBRY, TMUST-Mobile to offer $100 credit to Blackberry customers, Re/code reports
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April 3, 2014
15:06 EDTKMXCarMax April 48 straddle priced for 6.7% move into Q4
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12:20 EDTTMUS, SGoogle considers wireless service in Fiber markets, The Information says
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11:50 EDTBBRYStocks with call strike movement; BBRY MNKD
BlackBerry (BBRY) January 15 call option implied volatility increased 2% to 58, MannKind (MNKD) November 8 call option implied volatility increased 2% to 93 according to IVolatility.
11:36 EDTBBRY Options with decreasing implied volatility: RH APOL BBRY VJET RHT
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09:14 EDTORCLOn The Fly: Pre-market Movers
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07:23 EDTORCLWells Fargo to hold a summit
4th Annual Tech Transformation Summit is being held in San Francisco on April 2-3 with webcasted company presentations to begin on April 3 at 11 am; not all company presentations may be webcasted.Webcast Link
April 2, 2014
18:51 EDTORCLOn The Fly: After Hours Movers
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16:44 EDTORCLFusion-io collaborates with Oracle on flash-aware interfaces for MySQL
Fusion-io (FIO) announced collaboration with Oracle (ORCL) on the development of flash-aware interfaces for MySQL. These interfaces include NVM Compression, a flash-aware interface that can double the usable capacity of Fusion ioMemory flash while eliminating the performance impact associated with disk-era compression and Atomic Writes, an interface that enables more efficient database commits when running on flash memory. Together, these flash-aware interfaces allow MySQL to deliver up to 4x more flash endurance by streamlining commands to help optimize databases for persistent flash memory architectures.
12:20 EDTBTUCoal stocks higher after BHP executive signals confidence
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11:23 EDTJAZZJazz Pharmaceuticals management to meet with Piper Jaffray
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07:51 EDTS, TMUSSeveral communications companies could be bought, says Oppenheimer
Oppenheimer says that the following communications companies could become takeover targets: T-Mobile (TMUS), DirecTV (DTV), DISH (DISH), Level 3 (LVLT), tw telecom(TWTC), and Rackspace (RAX). The firm calls T-Mobile "a prime target," and thinks the company has several potential suitors and is best positioned to benefit from current trends. Oppenheimer expects the major surviving companies in the space to be Comcast (CMCSA), AT&T (T), Verizon (VZ), and Sprint (S). It keeps Outperform ratings on T-Mobile, Rackspace, Comcast, and Verizon. It has Perform ratings on Level 3, tw telecom, and Sprint.
07:00 EDTTMUST-Mobile to allow current customers to keep corporate discounts, Re/code says
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06:21 EDTSSprint volatility elevated at 60
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05:13 EDTTMUS, BBRYBlackBerry ends T-Mobile U.S. licensing agreement
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