New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 25, 2013
10:02 EDTSFLY, RRD, VIPS, LXP, DRRX, EROC, GALE, CMCSA, CEB, BRS, CNDOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Bristow Group (BRS) initiated with an Overweight at JPMorgan... Comcast (CMCSA) reinstated with a Buy at Goldman... Coronado Biosciences (CNDO) initiated with a Buy at Canaccord... Corporate Executive Board (CEB) initiated with a Buy at SunTrust... Eagle Rock Energy (EROC) coverage resumed with a Market Perform at Wells Fargo... Galena Biopharma (GALE) initiated with a Buy at Needham... Lexington Realty (LXP) initiated with a Hold at KeyBanc... Rentech Nitrogen (RNF) initiated with a Neutral at Goldman... R.R. Donnelley (RRD) initiated with a Buy at Sidoti... Durect (DRRX) initiated with a Buy at Stifel... Vipshop (VIPS) initiated with an Overweight at JPMorgan... Shutterfly (SFLY) initiated with a Buy at Needham... Coronado Biosciences (CNDO) initiated with a Buy at Canaccord.
News For BRS;CMCSA;CNDO;CEB;GALE;EROC;LXP;RRD;DRRX;VIPS;SFLY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
March 24, 2015
08:19 EDTCMCSATime Warner Cable expected to write down Dodgers deal by up to $1B, NY Post says
Time Warner Cable (TWC) is expected to write down the value of its LA Dodgers distribution rights by up to $1B, reports the New York Post, citing sources. The writedown may be a requirement before any deal with Comcast (CMCSA, CMCSK) can be made, suggested one of the sources. Reference Link
07:52 EDTCMCSAComcast management to meet with Deutsche Bank
Subscribe for More Information
06:32 EDTRRDR.R. Donnelley and Courier announce end of expiration period for merger
Subscribe for More Information
March 20, 2015
12:32 EDTCMCSAMadison Square Garden names Sharon Otterman as Chief Marketing Officer
Subscribe for More Information
09:59 EDTCMCSACharter may have interest in Cablevision 'at some point,' says Detwiler
Detwiler Fenton believes there is truth to last week's reports of Charter (CHTR) being in talks to acquire Bright House Networks. In addition, the firm says its checks indicate Charter may have interest in buying Suddenlink Communications and Cablevision (CVC) "at some point" as a part of a lager acquisition strategy. Detwiler adds Charter's potential deal strategy assumes Comcast's (CMCSA) bid for Time Warner (TWC) wins regulatory approval. Should the deal not get approved, Detwiler believes Charter will turn its attention back to Time Warner.
08:13 EDTCMCSACanada to 'unbundle' cable TV offerings by December 2016
Subscribe for More Information
06:36 EDTCMCSAWeb TV companies ask internet providers for special treatment, WSJ says
Subscribe for More Information
March 19, 2015
13:00 EDTCNDOOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with Nasdaq slightly higher and the Dow and S&P 500 both down a bit more than 0.5%. The day’s economic reports were generally benign and are likely less significant to the trading action than participants having had some time to digest yesterday’s Fed comments. Immediately after the Fed's policy statement yesterday, the U.S. dollar fell as low as 1.10 against the euro, but that move was almost entirely reversed overnight. The dollar was back near pre-Fed levels against the euro early this morning, and similar moves were seen in pairs of the dollar and other major currencies. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 1K to 291K in the week ended March 14, which nearly matched the consensus 293K forecast. The current account deficit widened to $113.5B in Q4 from a revised deficit of $98.9B in Q3. The leading indicators for February rose 0.2% to 121.4, which was in-line with expectations. The Philadelphia Fed business outlook survey ticked down to a 5.0 one-year low from 5.2 in February, missing expectations for it to have risen a 7.0 reading. In Europe, the Swiss National Bank left rates unchanged, cut its growth forecasts for the country's economy, said that it will intervene in currency markets as needed since it believes the Swiss Franc remains overvalued. COMPANY NEWS: Apple (AAPL) joined the Dow Jones Industrial Average today, replacing AT&T (T). Shares of the iPhone maker were down 0.5% near midday, while AT&T stock fell a bit more than 1%... Shares of coffee giant Starbucks (SBUX) hit a new all-time high of $98.50 earlier this afternoon following the company's investor day meeting yesterday. In conjunction with its meeting, Starbucks reaffirmed its goal to grow its market cap to $100B, unveiled plans for two pilots of delivery services, announced that its board has declared the sixth two-for-one split of the company’s stock since its IPO in 1992 and said it has entered into an agreement for Tingyi to manufacture and expand the distribution of Starbucks ready-to-drink products throughout mainland China. Goldman Sachs and Wells Fargo both issued upbeat notes on the stock today, saying that the coffee retailer's shares can continue to climb. MAJOR MOVERS: Among the notable gainers was Coronado Biosciences (CNDO), which gained 42% after announcing the formation of a new company, Mustang Therapeutics, focused on Chimeric Antigen Receptor, or CAR-T, technology. The company also announced a licensing agreement with NeuPharma for EGFR inhibitors. Also higher was Guess (GES), which gained 15% after reporting higher than expected profits for its fiscal fourth quarter. Among the noteworthy losers was Transocean (RIG), which fell 6% after having announced last night that four of its 5th generation UDW drillships will be cold stacked and the contract with ENI (E) for the Transocean Amirante was terminated. Transocean also said it intends to scrap four rigs, noting that with those it has announced plans to scrap a total of 16 floaters. Also lower following its earnings report was diversified apparel company Vince Holding (VNCE), which fell 16%. INDEXES: Near midday, the Dow was down 128.51, or 0.71%, to 17,947.68, the Nasdaq was up 3.15, or 0.06%, to 4,985.98, and the S&P 500 was down 13.36, or 0.64%, to 2,086.14.
11:43 EDTCNDOCoronado Biosciences volatility up, announces formation of Mustang Therapeutics
Coronado Biosciences April call option implied volatility is at 129, May is at 100, August is at 93; compared to its 26-week average of 87 according to Track Data, suggesting large price movement after announcing formation of Mustang Therapeutics and licensing agreement with NeuPharma for EGFR inhibitors.
09:20 EDTCNDOOn The Fly: Pre-market Movers
Subscribe for More Information
07:35 EDTCNDOCoronado announces formation of Mustang Therapeutics
Subscribe for More Information
07:10 EDTCNDOCoronado announces licensing agreement with NeuPharma for EGFR inhibitors
Coronado Biosciences announced the execution of an exclusive license agreement with NeuPharma to develop and commercialize novel irreversible, 3rd Generation EGFR inhibitors on a worldwide basis outside of certain Asian countries. The program is currently in pre-clinical development. Under the terms of the agreement, Coronado will pay NeuPharma an up-front licensing fee as well as make development and sales-based milestone payments and will pay a tiered single digit royalty on net sales. Lindsay Rosenwald, Coronado chairman and CEO stated, "NeuPharma has a portfolio of these inhibitors, the most advanced of which could reach the clinic in the first half of 2016."
07:04 EDTCMCSAAmerican Express confirms plans to launch Plenti loyalty program
Subscribe for More Information
March 18, 2015
12:09 EDTCMCSASony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
Subscribe for More Information
10:00 EDTSFLYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Columbia Pipeline (CPPL) initiated with a Buy at Citigroup... DBV Technologies (DBVT) initiated with a Buy at H.C. Wainwright... Genocea (GNCA) initiated with an Overweight at Piper Jaffray... NiSource (NI) initiated with a Neutral at JPMorgan... On Deck Capital (ONDK) initiated with a Sell at Compass Point... Rexel (RXEEY) initiated with an Overweight at Barclays... Shutterfly (SFLY) initiated with a Buy at Axiom... Virgin America (VA) initiated with an Underperform at Credit Suisse.
09:23 EDTCMCSAVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
07:54 EDTCMCSAComcast may be forced to put content on Apple TV, NY Post says
Subscribe for More Information
07:30 EDTCMCSAAT&T-DirecTV getting less attention than Comcast-Time Warner Cable, Reuters says
Subscribe for More Information
06:32 EDTSFLYShutterfly initiated with a Buy at Axiom
Subscribe for More Information
06:16 EDTCMCSAAmerican Express to launch Plenti loyalty program this spring, WSJ reports
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use