New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 25, 2013
16:41 EDTAFFY, BKS, ELN, ESI, ZNGAOn The Fly: Closing Wrap
Stocks on Wall Street were lower as concerns over the outcome of Italy's election put the averages under pressure through the trading day. After opening higher, the averages moved lower throughout the session, closing at the day's worst levels... ECONOMIC EVENTS: In the U.S., 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 from 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... COMPANY NEWS: Barnes & Noble (BKS) gained $1.55, or 11.47%, to $15.06 after the company’s founder, largest stockholder and Chairman of the Board Leonard Riggio said he plans to propose to purchase all of the company's retail assets, excluding its NOOK e-reader business. The company publicly acknowledged the plan for an offer and said it will set up a committee to evaluate its best course of action... MAJOR MOVERS: Among the notable gainers was Zynga (ZNGA), up another 25c, or 7.84%, to $3.44, following Nevada's passage late last week of a bill legalizing online gambling in the state. Also higher were shares of Elan (ELN), up 54c, or 5.09%, to $11.14 after getting an $11 per share takeover offer from Royalty Pharma. Among the noteworthy losers was Affymax (AFFY), down $14.08, or 85.23%, to $2.44 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 ITT Educational (ESI), down $3.10, or 16.64%, to $15.53 after the company disclosed in a regulatory filing late Friday that it is being investigated by the SEC. INDICES: The Dow was down 216.40, or 1.55%, to 13,784.17; the Nasdaq was down 45.57, or 1.44%, to 3,116.25; and the S&P 500 was down 27.75, or 1.83%, to 1,487.85.
News For BKS;ZNGA;ELN;AFFY;ESI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 27, 2015
09:35 EDTBKSBarnes & Noble December volatility increases into Q2 and outlook
Subscribe for More Information
November 24, 2015
13:14 EDTESIJudge grants preliminary approval to $16.9M settlement in ITT Educational suit
A federal judge has granted preliminary approval to an approximately $16.96M cash settlement achieved by Lead Plaintiffs Plumbers and Pipefitters National Pension Fund and Metropolitan Water Reclamation District Retirement Fund with defendants ITT Educational Services, Inc., and two of its officers, Daniel M. Fitzpatrick and Kevin M. Modany.The proposed settlement approved by Judge J. Paul Oetken, of the United States District Court for the Southern District of New York, on Monday, Nov. 23, resolves securities fraud claims asserted under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 by the Plumbers and Pipefitters National Fund and Metropolitan Water Retirement Fund against the defendants for alleged material misrepresentations and omissions concerning the company's liabilities under certain risk-sharing agreements it had entered into with third-party student enders of ITT student loans. The proposed $16.96M cash settlement will benefit a putative class of persons and entities who purchased or otherwise acquired ITT Educational Services, Inc., common stock between April 24, 2008, and Feb. 25, 2013. In the order issued on Nov. 23, Judge Oetken also gave authorization for the class notice to be issued to class members. A court hearing will be held on March 8, 2016, to determine whether the settlement should be given final approval and to hear any objections to the settlement.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use