News Breaks |
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| December 13, 2012 |
| 12:40 EDT |  | BBY, CLWR, S, ZAGG, MBI, BAC, RIGL, AZN, ALLT | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, extending the slide that began late yesterday following Ben Bernanke's press conference. House Speaker John Boehner and Senate Majority Leader Harry Reid both held press conferences within about the last hour, bringing the fiscal cliff fight back to the forefront of investors' minds... ECONOMIC EVENTS: In the U.S., weekly jobless claims fell 29,000 to 343,000, versus expectations for a drop to 369,000. Producer prices in the month of November fell 0.8%, versus an expected decline of 0.5%. "Core" prices, excluding food and energy, rose 0.1%, which matched expectations. Retail sales rose 0.3% in November, which missed expectations for an increase of 0.5%. In Europe, the region's finance ministers approved the long-delayed release of financial aid to Greece. Also, an agreement was reached on the foundation of a true banking union with ECB oversight... COMPANY NEWS: Best Buy (BBY) jumped over 15% after Minneapolis' Star Tribune said the company's founder Richard Schulze may make a fully financed $5B-$6B buyout offer by the end of the week... Clearwire (CLWR) rose nearly 14% to $3.13 after Sprint (S) disclosed that it offered $2.90 per share for the remaining stake in the company it does not already own. Clearwire said that its talks with Sprint are ongoing... MAJOR MOVERS: Among the notable gainers were ZAGG (ZAGG), up 15% after announcing a $10M share repurchase program, and MBI (MBIA), up 6.5% following positive analyst commentary about the potential for a settlement with Bank of America (BAC). Among the noteworthy losers was Rigel Pharmaceuticals (RIGL), which fell almost 35% after an RA drug it is developing in partnership with AstraZeneca (AZN) failed to meet one of its endpoints in a trial. Shares of AstraZeneca, meanwhile, fell 2.6%. Also lower were shares of Allot Communications (ALLT), down over 11% following a downgrade to Hold at Wunderlich... INDICES: Near 12:30 pm ET, the Dow was down 19.89, or 0.15%, to 13,225.56; the Nasdaq was down 21.52, or 0.71%, to 2,992.29; and the S&P 500 was down 7.47, or 0.52%, to 1,421.01. |
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News For BBY;CLWR;S;ZAGG;MBI;BAC;RIGL;AZN;ALLT From The Last 14 Days Check below for free stories on BBY;CLWR;S;ZAGG;MBI;BAC;RIGL;AZN;ALLT the last two weeks. |
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| June 19, 2013 |
| 16:26 EDT | | S | On The Fly: Closing Wrap
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| 15:05 EDT |  | BAC | Bernanke says largest banks at or near compliant to Basel III rules
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| 12:09 EDT | | S | On The Fly: Midday Wrap
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| 12:06 EDT |  | S | Options with decreasing implied volatility: DISH VRTX SUPN S
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| 10:25 EDT |  | S | Sprint shares worth $7.51 under SoftBank deal, says Janco
Janco calculates that current Sprint shareholders will receive $7.51 per share upon the closing of the deal with SoftBank, which the firm expects to happen on Tuesday, June 25. The firm views upside to $7.51 from current levels as attractive and keeps a Buy rating on Sprint shares. |
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| 10:01 EDT |  | S | On The Fly: Analyst Downgrade Summary
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| 09:40 EDT | | BBY | Best Buy sweetening terms of loyalty program, says SunTrust
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| 09:24 EDT | | S | On The Fly: Pre-market Movers
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| 08:44 EDT | | S | Sprint acquisition by SoftBank likely to be approved, says Wells Fargo
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| 08:05 EDT | | S | Sprint down 3% to $7.10 after DISH ends takeover pursuit
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| 07:59 EDT | | S | Sprint downgraded at Macquarie
As previously reported, Macquarie downgraded Sprint to Neutral from Outperform. The firm recommends taking profits and believes the company is entering a period of heavy investment. Price target is $8. |
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| 07:13 EDT |  | S | Telecom industry looks to grow through acquisition, Bloomberg reports
Global telecommunications companies are chasing after deals from Kansas to Munich in a quest for revenue growth that could lead to the biggest year for mergers in the industry since at least 2006, reports Bloomberg. Over $80B in telecommunications and cable transactions have already been announced or completed this year Reference Link |
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| 07:11 EDT | | S | Softbank moves closer to acquiring Sprint, Reuters reports
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| 06:26 EDT | | S | Sprint downgraded to Neutral from Outperform at Macquarie
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| 06:08 EDT | | S | On the Fly: Periodicals Wrap-Up
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| 05:43 EDT | | AZN | AstraZeneca, Bristol-Myers announce top line results of Phase 4 trial of Onglyza
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| June 18, 2013 |
| 18:36 EDT | | CLWR, S | DISH issues update on Sprint proposal
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| 12:32 EDT | | AZN | AstraZeneca CEO says turnaround to take three or four years, Reuters reports
It will likely take three or four years for AstraZeneca's turnaround efforts to bear fruit, the company's CEO, Pascal Soriot, said today, according to Reuters. Reference Link |
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| 11:30 EDT | | S, CLWR | DISH issues statement on Sprint complaint
DISH Network (DISH) issued the following statement in response to Sprint Nextel's (S) June 17 allegations against DISH and Clearwire (CLWR): “Sprint’s lawsuit is a transparent attempt to divert attention from its failure to deal fairly with Clearwire’s shareholders, as well as to exploit its majority position to block Clearwire’s shareholders from receiving a fair price for their shares. DISH is confident that its superior offer, which has been unanimously recommended by the Clearwire Board, including the majority appointed by Sprint, will be upheld and Clearwire shareholders will be free to realize the 29 percent premium represented by the DISH offer.” |
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| 08:37 EDT | | AZN | Drug companies turn to microchips to test medicines, WSJ reports
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