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News For BBY;SAM;CLWR;S;CVS;RIGL;ENDP;YELP;AAPL From The Last 14 Days Check below for free stories on BBY;SAM;CLWR;S;CVS;RIGL;ENDP;YELP;AAPL the last two weeks. |
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| June 11, 2013 | | 12:48 EDT |  | S | Sprint, DISH talks falter on disagreement over break-up fee, Bloomberg says
 Subscribe for More Information | | | 12:32 EDT |  | S | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday but well off their lows after the Bank of Japan held off from implementing any additional stimulus measures. The U.S. market followed Japan's benchmark stock index lower at the open, though the averages climbed back fairly steadily during the morning and stood near session highs just a bit below the flat line near noon. ECONOMIC EVENTS: In the U.S., NFIB's small business optimism index rose to 94.4 in May from a prior 92.1 reading. Wholesale inventories rose 0.2% in April, matching expectations, and wholesale trade rose 0.5% from the prior month, versus expectations for a 0.1% slide. The Job Openings & Labor Turnover report for April showed openings fell 3% to a seasonally adjusted 3.75M, while hiring jumped nearly 5% to 4.4M. In Asia, the Bank of Japan refrained from changing its policies following recent volatility in its stock and bond markets. The benchmark Nikkei fell about 1.5% as the decision disappointed investors who may have expected some action. COMPANY NEWS: Sprint (S) shares rose over 2% after Japan's Softbank (SFTBF) increased its offer to acquire the telecom company in the face of a potential rival bid from DISH Network (DISH). MAJOR MOVERS: Among the notable gainers was Catamaran (CTRX), which was upgraded by at least three Street firms and rose 11% after announcing a ten-year strategic pharmacy benefits deal with Cigna (CI). Also higher were shares of Questcor (QCOR), which jumped 19% after buying the rights to develop Synacthen from Novartis (NVS). Among the noteworthy losers was GenMark Diagnostics (GNMK), which fell 24% after Natural Molecular Testing launched a cardiac testing panel using technology from GenMark's competitor Luminex (LMNX). Also lower were shares of yoga apparel maker lululemon (LULU), which fell 17% after its CEO announced plans to step down and the stock was downgraded at Sterne Agee and UBS. INDICES: Near noon, the Dow was down 6.68, or 0.04%, to 15,231.91; the Nasdaq was down 11.21, or 0.32%, to 3,462.56; and the S&P 500 was down 4.89, or 0.30%, to 1,637.92. | | | 10:00 EDT |  | AAPL | Yandex search engine included in Apple Safari update, GigaOM says
Subscribe for More Information | | | 09:43 EDT |  | AAPL | Apple trades lower, levels to watch
Subscribe for More Information | | | 09:42 EDT |  | AAPL | Active equity option families trading on open
Subscribe for More Information | | | 09:16 EDT | | CLWR, S | On The Fly: Pre-market Movers
HIGHER: Dole Food (DOLE), up 21.9% after CEO offers buyout at $12 per share... Questcor (QCOR), up 32% after buying rights to develop Synacthen and Synacthen Depot in the U.S. from Novartis (NVS), upgrade to Buy at CRT Capital... CardioNet (BEAT), up 44% after announcing a three-year national provider agreement with UnitedHealthcare Insurance (UNH)... Catamaran (CTRX), up 13.2% after announcing a ten-year strategic pharmacy benefits deal with Cigna (CI)... Sprint (S), up 2% after Softbank (SFTBF) increases buyout offer terms. Clearwire (CLWR) up 1.2%. LOWER: lululemon (LULU), down 14.9% after reporting earnings, CEO announces plans to step down, stock downgraded at Sterne Agee and UBS... Texas Instruments (TXN), down 2% after narrowing second quarter revenue, earnings forecast ranges... Corinthian Colleges (COCO), down 15.4% after disclosing the receipt of a subpoena from the SEC. Corinthian peer Career Education (CECO) 5.5%... Kinross Gold (KGC), down 5.5% after canceling development project in Ecuador, taking $720M charge, stock downgraded at Canaccord. DOWN AFTER EARNINGS: LDK Solar (LDK), down 8.5%. | | | 08:32 EDT | | CVS | CVS Caremark receives URAC accerditation in specialty pharmacy
CVS Caremark announced that it has been awarded Specialty Pharmacy accreditation from URAC, a Washington, DC-based health care accrediting organization that establishes quality standards for the health care industry. | | | 08:32 EDT |  | AAPL | Apple announcements met expectations, says JMP Securities
Subscribe for More Information | | | 08:16 EDT | | S | Sprint likely to accept new Softbank offer, says Oppenheimer
Subscribe for More Information | | | 08:12 EDT | | AAPL | Apple news in-line with expectations, says Oppenheimer
Subscribe for More Information | | | | 07:30 EDT | | AAPL | Pandora can continue to execute despite increased risk, says RBC Capital
Subscribe for More Information | | | 07:16 EDT | | AAPL | Apple iTunes radio not seen as threat to Pandora, Bloomberg reports
Apple’s (AAPL) move into the online-radio business may not turn out to be a Pandora Media (P) killer after all. The service shares many features with other Web-radio products, reports Bloomberg.Reference Link | | | 06:27 EDT | | AAPL | Apple supply chain expected to see increased performance in Q3, DigiTimes says
Apple's supply chain is expected to start seeing increased performances in Q3 due to the release of a new iMac in 2H13, reports DigiTimes. According to industry supply chain sources, the company is expected to bounce back in Q3 after its shipments may decline by as much as 60%. Reference Link | | | 06:06 EDT | | AAPL | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 05:50 EDT | | AAPL | Radio market is big enough for multiple Internet players, says William Blair
Subscribe for More Information | | | 05:21 EDT | | S | DISH statement in response to Sprint, Softbank announcement
Subscribe for More Information | | | June 10, 2013 | | 21:00 EDT | | S | Sprint says DISH proposal not likely to lead to superior offer
Subscribe for More Information | | | 20:57 EDT | | S | Sprint, SoftBank amend merger agreement, cash for Sprint holders now $5.50/share
Sprint Nextel (S) and SoftBank (SFTBF) announced that they have amended the previously announced merger agreement between the two companies to deliver greater cash consideration and increased certainty to Sprint stockholders. Sprint’s special committee and board of directors have unanimously approved the amended agreement and have unanimously recommended to stockholders to vote FOR the revised SoftBank transaction. Sprint and SoftBank anticipate closing the SoftBank transaction in early July. Under the amended agreement, SoftBank will deliver an additional $4.5B of cash to Sprint stockholders at closing, bringing the total cash consideration available to Sprint stockholders to $16.64B. The cash available to stockholders has increased by $1.48 per share, from $4.02 to $5.50, based on the June 7 share count. The $4.5B of additional cash at closing will be funded by a reallocation of $3B of SoftBank’s previously proposed $4.9B primary investment in New Sprint and by $1.5B of incremental capital from SoftBank. The price at which SoftBank will acquire shares from current Sprint shareholders will be increased from $7.30 per share to $7.65 per share, a 52% premium to the unaffected trading price prior to announcement in October 2012. As part of the amended agreement, the pricing of SoftBank’s $1.9B primary investment will be increased by 19% from the previously agreed $5.25 per share to $6.25 per share. Pro forma for the transaction, the current Sprint stockholders’ resulting equity ownership in a new Sprint will be 22% while SoftBank will own approximately 78%. SoftBank will continue to invest $1.9B in new Sprint at closing, which in addition to the $3.1B convertible debt investment made by SoftBank in October 2012, brings SoftBank’s total investment in Sprint to $5B. | | | 20:01 EDT | | S | Softbank raises offer for Sprint to $21.6B from $20.1B, Bloomberg says
Subscribe for More Information | | | 16:39 EDT | | AAPL | On The Fly: Closing Wrap
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