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Stock Market & Financial Investment News

News Breaks
April 4, 2014
06:44 EDTBKW, WEN, JACK, DNKN, SONCMost senators resisting compromise on minimum wage increase, Politico reports
Most Senate Democrats and Republicans, including the leaders of both parties, are refusing to compromise on a minimum wage hike, according to Politico. Companies that could be affected by minimum wage increases include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), Dunkin Donuts (DNKN), and Sonic Corporation (SONC). Reference Link
News For BKW;WEN;JACK;DNKN;SONC From The Last 14 Days
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August 26, 2014
06:33 EDTWEN, BKWBurger King wants merger despite problems with dining combos, NY Times says
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06:19 EDTBKWBerkshire may lend 25% of financing for Burger King/Tim Hortons deal, WSJ says
Warren Buffett's Berkshire Hathaway (BRK.A) will help finance the acquisition of Tim Hortons (THI) by Burger King (BKW), the Wall Street Journal reports, citing people familiar with the matter. According to sources, Berkshire, which would invest in the deal in the form of preferred shares, could provide around 25% of the deal's financing. The acquisition may be valued at $10B or more. Reference Link
August 25, 2014
16:13 EDTBKWOn The Fly: Closing Wrap
Stocks began the session in positive territory and proceeded to tack on gains throughout the morning. Despite a disappointing report on new home sales in July, the S&P surpassed the 2,000 level for the first time before noon. The market pared its gains shortly after the milestone was reached and drifted for the remainder of the session on light volume, as trading activity may be restrained all week ahead of the Labor Day weekend. ECONOMIC EVENTS: In the U.S., the Chicago Fed's National Activity index jumped to 0.39 in July from an upwardly revised 0.21 in June. Markit's preliminary August services PMI came in at 58.5, which was down from a prior reading of 60.8 but above the 58.0 consensus projection. New home sales dropped 2.4% to a 412K rate in July, missing expectations for them to have risen to a 430K annualized rate. COMPANY NEWS: Shares of InterMune (ITMN) surged $19.05, or 35.41%, to $72.85 after the company agreed to be acquired by Roche (RHHBY) for $74.00 per share in an all-cash transaction. The deal announcement comes less than two weeks after Bloomberg reported that Roche, along with big pharma peers Sanofi (SNY) and GlaxoSmithKline (GSK), had made takeover bids for the smaller drugmaker. A number of other biotech companies gained following the deal announcement, including bigger names like Gilead (GILD) and Celgene (CELG) and smaller ones such as Achillion Pharmaceuticals (ACHN) and Receptos (RCPT)... Burger King (BKW) shares rose $5.29, or 19.51%, to $32.40 after the company confirmed it is in talks regarding a potential strategic transaction with Canadian donut chain Tim Hortons (THI). Shares of Tim Horton's trading in New York also gained $11.88, or 18.91%, to $74.72 following the confirmation of news first reported by The Wall Street Journal. MAJOR MOVERS: Among the other notable gainers was Advaxis (ADXS), which advanced 75c, or 23.08%, to $4.00 after announcing it has entered into a clinical trial collaboration agreement with Merck (MRK). Also rising were shares of Comtech (CMTL), which jumped $1.70, or 4.84%, to $36.81 after Reuters said the company is working with Citigroup to explore a potential sale. Among the noteworthy losers was Chinese internet and software company Qihoo 360 Technology (QIHU), which fell $7.88, or 7.74%, to $93.87 despite reporting second quarter earnings and revenue that beat analysts' estimates. Also lower were shares of GrubHub (GRUB), which fell $3.60, or 8.42%, to $39.16 after filing to sell 10M shares of common stock. INDEXES: The Dow gained 75.65, or 0.44%, to 17,076.87, the Nasdaq rose 18.80, or 0.41%, to 4,557.35, and the S&P 500 advanced 9.54, or 0.48%, to 1,997.94.
13:02 EDTBKWBurger King upgraded to Buy from Neutral at BofA/Merrill
12:35 EDTBKWBurger King, Tim Hortons deal likely complete in next day or two, CNBC reports
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12:19 EDTBKWOn The Fly: Midday Wrap
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10:54 EDTBKWHigh option volume stocks
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10:25 EDTBKWBurger King, Tim Hortons climb higher after confirming deal talks
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09:11 EDTBKWOn The Fly: Pre-market Movers
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08:36 EDTBKWTim Hortons business would be boosted by Burger King deal, says KeyBanc
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06:47 EDTBKWTim Hortons volatility expected to move on confirming talks with Burger King
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05:11 EDTBKWTim Hortons, Burger King confirm talks regarding potential strategic transaction
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August 24, 2014
20:05 EDTBKWBurger King seeks Tim Hortons acquisition in tax inversion deal, WSJ says
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August 22, 2014
10:52 EDTBKWCarrols Restaurant signs agreements to buy 64 Burger King restaurants
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August 21, 2014
09:34 EDTDNKNDunkin' Brands announces plans for 14 new restaurants in Kansas
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August 20, 2014
10:04 EDTDNKNOn The Fly: Analyst Upgrade Summary
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05:24 EDTDNKNDunkin' Brands upgraded to Overweight from Equal Weight at Barclays
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August 19, 2014
09:38 EDTDNKNDunkin' Brands initiated with a Buy at Cleveland Research
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06:02 EDTWENTaco Bell introducing dollar menu, LA Times reports
Taco Bell (YUM) is introducing its new Dollar Cravings menu, which features 11 items, the LA Times reports. McDonald's (MCD) and Wendy's (WEN) both offer dollar menus. Reference Link
August 15, 2014
09:05 EDTDNKNDunkin' Brands checks indicate comps running light, says Longbow
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