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Stock Market & Financial Investment News

News Breaks
May 30, 2014
12:39 EDTBNNY, NQ, LGF, BLOX, BIG, SPLKOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after a report showed that consumer spending fell in April. There has been little for investors to get excited about, as the personal income and spending reports were mixed and the University of Michigan consumer confidence reading was generally in-line with expectations. Volume remains light and the news flow is slow, suggesting the market may drift into the close of the day, which also brings the week and the month to an end. ECONOMIC EVENTS: In the U.S., personal income rose 0.3% in April, matching expectations, while consumer spending fell 0.1%, versus an expected increase of 0.2%. The Chicago ISM index rose 2.5 points to 65.5 in May, which was much better than expected. The final University of Michigan consumer confidence reading for May came in at 81.9, which was up just 0.1 from the prior reading and a hair below the expected 82.5 figure. COMPANY NEWS: Shares of Infoblox (BLOX) plunged 40% after the company's outlook for the new quarter missed expectations, its CEO Robert Thomas said he will step down and the shares were downgraded by at least six Street research firms. MAJOR MOVERS: Among the notable gainers was closeout retailer Big Lots (BIG), which gained 12.5% after the company reported first quarter results that exceeded expectations and raised its guidance. Also higher was China's NQ Mobile (NQ), which provides mobile Internet services focused on security, privacy and productivity. The stock rose 17% after the company said it now expects its Q1 revenues to exceed the previously announced guidance range of $75M-$76M, noting it saw continued strength in its businesses and that its unaudited results will be released "as soon as practicable." Among the noteworthy losers following their earnings reports were data analysis software provider Splunk (SPLK), which fell 17%, film and television show maker Lions Gate Entertainment (LGF), which dropped 12%, and natural and organic food company Annie's (BNNY), which slid nearly 10%. INDEXES: Near midday, the Dow was down 31.99, or 0.19%, to 16,666.75, the Nasdaq was down 15.01, or 0.35%, to 4,232.93, and the S&P 500 was down 1.64, or 0.09%, to 1,918.39.
News For BLOX;NQ;SPLK;LGF;BNNY;BIG From The Last 14 Days
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December 18, 2014
10:49 EDTNQNQ Mobile up 9% in early trading ahead of earnings report tonight
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10:38 EDTNQNQ Mobile volatility increases into reporting Q1, Q2, Q3
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06:01 EDTBLOXInfoblox upgraded to Outperform from Sector Perform at Pacific Crest
December 17, 2014
09:31 EDTBIGBig Lots upgraded to Buy from Neutral at Northcoast
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06:52 EDTLGFLions Gate wanted to talk to Sony about M&A, Reuters says
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06:44 EDTLGFGoogle opponents lobbying state attorneys general, NY Times says
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December 15, 2014
09:21 EDTNQNQ Mobile volatility elevated into reporting Q1, Q2, Q3 results
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09:10 EDTNQNQ Mobile to report Q1, Q2, Q3 results on Dec. 18
06:12 EDTBLOXInfoblox called a top pick for 2015 at Piper Jaffray
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December 12, 2014
10:01 EDTSPLKOn The Fly: Analyst Initiation Summary
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06:27 EDTLGFPiper lowers Mockingjay forecast to $775M from $925M
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December 11, 2014
16:26 EDTSPLKSplunk initiated with a Neutral at Piper Jaffray
Target $65.
14:23 EDTNQChinese report casts doubt on NQ Mobile co-CEO departure, Muddy Waters says
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11:02 EDTLGFLionsgate Motion Picture Group promotes Sean Kisker to Chief Strategy Officer
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08:17 EDTLGFHasbro names Lionsgate Vice Chairman Michael Burns to board of directors
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December 10, 2014
08:58 EDTNQNQ Mobile holder RPL agrees to additional two-year voluntary lock-up
NQ Mobile stated that, as a sign of confidence in the future of the company, RPL Limited, a substantial shareholder of NQ Mobile which is owned and controlled by the founders of NQ, has agreed to an additional two-year voluntary lock-up that will expire in December 2016. RPL is a limited liability company organized under the laws of the British Virgin Islands. As of October 15, , RPL held 50,352,941 Class B common shares, equivalent to approximately 10.07M ADSs, of NQ Mobile, representing approximately 11.3% of NQ Mobile's outstanding shares. RPL agreed it will not sell any of its shares until December 2016. In addition to the lock-up by RPL, the founders and NQ Mobile's senior management reiterate their intention to purchase additional shares in accordance with all applicable rules and regulations.
08:56 EDTNQNQ Mobile Co-CEO and Chairman Lin steps down
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08:37 EDTNQNQ Mobile Co-CEO and Chairman Lin steps down
December 9, 2014
07:32 EDTLGFUBS to hold a conference
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December 8, 2014
08:26 EDTBIGBig Lots sell-off unwarranted at FBR Capital
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