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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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March 27, 2015
10:03 EDTBLOXOn The Fly: Analyst Initiation Summary
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March 26, 2015
16:36 EDTBLOXInfoblox initiated with a Buy at Guggenheim
Target $30.
March 25, 2015
08:07 EDTLGFLionsgate announces Zygi Kamasa to continue serving as Lionsgate UK
Lionsgate announced Zygi Kamasa has entered a new long-term agreement to continue serving as Chief Executive Officer of Lionsgate UK and to assume additional new responsibilities as CEO of Lionsgate's European Office.
March 24, 2015
10:52 EDTNQChinaRock Capital reports 5.75% stake in NQ Mobile
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March 22, 2015
18:46 EDTLGFLionsgate's 'The Insurgent' takes top spot at box office with $54M
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March 20, 2015
16:05 EDTLGFLionsgate files to sell 361,229 shares of common stock for holders
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March 19, 2015
09:20 EDTNQOn The Fly: Pre-market Movers
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09:07 EDTNQNQ Mobile appoints Chun Ding as independent director of board
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March 18, 2015
18:32 EDTNQOn The Fly: After Hours Movers
UP AFTER EARNINGS: Guess (GES), up 12.4% after reporting fourth quarter results and guidance... Shoe Carnival (SCVL), up 10%... NQ Mobile (NQ), up 9.1%... Tilly's (TLYS), up 1.3%... Cintas (CTAS), up 1.3% after reporting quarterly results and raising fiscal 2015 guidance. DOWN AFTER EARNINGS: Williams-Sonoma (WSM), down 4.1%... Jabil Circuit (JBL), down 1.8%... Juno Therapeutics (JUNO), down 3.3%. ALSO LOWER: Concert Pharmaceuticals (CNCE), down 4.4% after filing to sell common stock... Tekmira Pharmaceuticals (TKMR), down 3.7% after filing to sell 6M shares of common stock.
17:03 EDTNQNQ Mobile sees FY15 revenue $450M-$455M, one estimate $424M
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17:03 EDTNQNQ Mobile sees Q1 revenue $85M-$86M, one estimate $94.73M
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17:01 EDTNQNQ Mobile reports Q4 EPS 3c, one estimate 2c
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06:53 EDTLGFLionsgate closing $375M financing agreement with Chinese broadcaster, WSJ says
Lionsgate CEO Jon Feltheimer said in a Wall Street Journal interview that the company is closing a $375M financing agreement with Hunan TV & Broadcast Intermediary that may boost its ability to screen films in China. Hunan will fund 25% of Lionsgate production costs over a three year period which the Journal notes could total $1.5B, though popular franchises "Hunger Games," "Divergent," and "Twilight" are not covered. Hunan's subsidiary will acquire rights to distribute up to four Lionsgate films in China, and the two companies will also produce films and television shows for both U.S. and Chinese markets, with a "Candy Crush Saga" TV show being a likely first candidate, according to Feltheimer. Reference Link
March 16, 2015
11:00 EDTSPLKArrow Electronics and Splunk announce distribution agreement
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