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Stock Market & Financial Investment News

News Breaks
May 30, 2014
12:39 EDTBLOX, NQ, SPLK, LGF, BNNY, BIGOn 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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October 13, 2014
09:23 EDTSPLKHP could buy lower valuation company, says Bernstein
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06:04 EDTSPLKSplunk upgraded to Outperform from Market Perform at William Blair
William Blair upgraded Splunk to Outperform citing better earnings visibility and more reasonable valuation levels.
October 12, 2014
17:20 EDTSPLKGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 10, 2014
07:23 EDTSPLKSplunk price target raised to $65 from $56 at Deutsche Bank
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October 9, 2014
07:12 EDTLGFLionsgate outlook has improved, says Stifel
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October 8, 2014
09:05 EDTLGFLionsgate partners with Doritos, Mazda and Whole Foods Market for new film
Lionsgate (LGF) announced that PepsiCo's (PEP) Doritos, Mazda and Whole Foods Market's (WFM) Whole Planet Foundation will partner with the studio for the film The Hunger Games: Mockingjay Part 1 which opens in theaters worldwide on November 21.
07:17 EDTSPLKSplunk price target raised to $64 from $55 at UBS
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October 7, 2014
09:03 EDTLGFLionsgate expands distribution deal with Miramax
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08:08 EDTSPLKSplunk, AWS to integrate Hunk on Amazon Elastic MapReduce
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October 6, 2014
17:23 EDTBIGContainer Store plummets after cutting fiscal 2014 outlook
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17:01 EDTBNNYGeneral Mills confirms antitrust clearance for Annie's acquisition
General Mills (GIS) announced that on October 3, the U.S. Federal Trade Commission granted early termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. With the receipt of this clearance, the condition of the announced tender offer for all issued and outstanding shares of common stock of Annie's (BNNY) at a price of $46.00 per share with respect to clearance under applicable antitrust and competition laws has been completely satisfied. The Offer remains subject to the satisfaction of certain other conditions. The Offer is scheduled to expire at 12:00 midnight, New York City time, at the end of the day on Monday, October 20, unless extended.
16:49 EDTBNNYGeneral Mills receives antitrust clearance for acquisition of Annie's
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16:24 EDTBNNYGabelli reports 8.95% stake in Annie's
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14:38 EDTSPLKSplunk received $2.1M from government department says JMP Securities
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14:09 EDTSPLKSplunk, Tableau seen by Morgan as well-positioned in Big Data space
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10:04 EDTSPLKOn The Fly: Analyst Upgrade Summary
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09:25 EDTSPLKOn The Fly: Pre-market Movers
HIGHER: HP (HPQ), up 5% after confirming plans to separate into two companies... CareFusion (CFN), up 24% after Becton Dickinson (BDX) agreed to acquire the company for $58 per share in $12.2B deal. Becton Dickinson shares are up 7% following the news... Chimerix (CMRX), up 7% after announcing announced that brincidofovir has been provided for potential use in patients with Ebola Virus Disease... Conn's (CONN), up 6.5% after announcing that it is exploring strategic alternatives... TASER (TASR), up 5% after announces multiple orders of TASER Smart Weapons... Tableau (DATA), up 3.5% after upgraded at Morgan Stanley... Splunk (SPLK), up 3.9% after upgraded at Morgan Stanley... Unilife (UNIS), up 52% after signing a 15-year commercial supply agreement with Sanofi (SNY). LOWER: RadioShack (RSH), down 5% after confirming definitive agreements to restructure debt... Alcobra (ADHD), down 43% after announcing results from Phase III study of MDX in adult ADHD... Sunesis (SNSS), down 71% after announcing Phase 3 VALOR trial did not meet primary endpoint... H&R Block Bank (HRB), down 5% after deal with BofI (BOFI) not expected to get regulatory approval this year. Tekmira (TKMR), down 8% after downgraded at Leerink.
07:23 EDTSPLKSplunk to hold a financial analyst meeting
In conjunction with the company's annual users' conference, CFO Conte hosts a financial discussion with investors and financial analysts in Las Vegas on October 7 at 2:15 pm. Webcast Link
07:10 EDTSPLKSplunk to hold a user conference
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05:54 EDTSPLKSplunk upgraded to Overweight from Equal Weight at Morgan Stanley
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