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Stock Market & Financial Investment News

News Breaks
February 25, 2013
12:29 EDTDVAX, ZNGA, AFFY, BKS, ELNOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as worries about Italy's election dented European markets and the U.S. averages followed suit. Stocks trading in New York began the session moderately higher as the market looked to extend Friday's gains. The market appeared to be on its way to enjoying a positive session but by mid-morning the gains had been pared and the averages turned mixed. The weakness began following reports indicating Silvio Berlusconi's party may win many senate seats, sparking fear that Italy may abandon its austerity plans... ECONOMIC EVENTS: In the U.S., two regional Federal Reserve banks reported data. The Chicago Fed national activity index dropped to -0.32 in January, indicating that economic activity in the month was below average trends. Also, the Dallas Fed's manufacturing index dropped back to 2.2 in February, erasing the 3 point increase to 5.5 in the prior month. In Europe, Italy's markets were volatile as polls indicated that formerly ousted prime minister Silvio Berlusconi is faring better than expected in the nation's general election. In China, HSBC's flash PMI manufacturing index fell to 50.4 in February from 52.3 in January. This was a worse than expected drop, though Lunar New Year may have distorted the February data... COMPANY NEWS: Shares of bookseller Barnes & Noble (BKS) jumped 12% after the company’s founder, largest stockholder and Chairman of the Board Leonard Riggio said he plans to propose to purchase all of the assets of the retail business of the company. The company publicly acknowledged the plan for an offer, which will exclude its NOOK e-reader business, and said it will set up a committee to evaluate its best course of action... MAJOR MOVERS: Among the notable gainers was Zynga (ZNGA), which advanced another 12% after rising about 8% on Friday following Nevada's passage of a bill to legalize online gambling in the state. Also higher were shares of Elan (ELN), which rose over 6% to $11.28 near noon after getting an $11 per share takeover offer from Royalty Pharma. Among the noteworthy losers was Affymax (AFFY), which plunged 85% after the company initiated a safety recall for its anemia drug Omontys and the stock was downgraded by at least four analyst firms. Also lower were shares of Dynavax (DVAX), which fell 30% after the FDA said its investigational adult hepatitis B vaccine cannot be approved without further safety evaluation... INDICES: Near noon, the Dow was down 51.87, or 0.37%, to 13,948.70; the Nasdaq was down 3.08, or 0.10%, to 3,158.74; and the S&P 500 was down 5.06, or 0.33%, to 1,510.54.
News For BKS;ZNGA;ELN;AFFY;DVAX From The Last 14 Days
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July 29, 2015
06:01 EDTZNGAStocks with implied volatility above IV index mean; ZNGA GMCR
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July 24, 2015
17:33 EDTBKSS&P announces changes to S&P 400, 500, and 600 indices
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July 22, 2015
08:17 EDTDVAXDynavax 4.55M share Spot Secondary priced at $27.50
Cowen, RBC Capital and William Blair acted as joint book running managers for the offering.
July 21, 2015
16:02 EDTDVAXDynavax files to sell common stock, no amount given
Dynavax anticipates using the net proceeds from the proposed offering to fund activities associated with completing the ongoing Phase 3 HBV-23 study of HEPLISAV-B(TM), seeking regulatory approval of HEPLISAV-B in the United States, and preparing for the anticipated U.S. commercial launch of HEPLISAV-B, should HEPLISAV-B gain approval by the Food and Drug Administration. In addition, net proceeds from the offering will support continuing the clinical development of our investigational cancer immunotherapeutic product candidate, SD-101, and for other general corporate purposes, including working capital. Cowen and Company, RBC Capital Markets and William Blair are acting as joint book-running managers for the offering.
July 20, 2015
08:33 EDTBKSBarnes & Noble says Nook Consumer business president Verrina to leave company
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08:32 EDTBKSBarnes & Noble names Frederic Argir as Chief Digital Officer
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