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News Breaks | | | | November 27, 2012 | | 16:29 EDT |  | THO, MNST, CAG, MMR, HPQ, ACAD, RAH | On The Fly: Closing Wrap
Stocks on Wall Street finished lower on the day, after a mixed session turned negative for all three major averages following comments from Senate Majority Leader Harry Reid. Reid said that he was disappointed with the most recent round of negotiations regarding the fiscal cliff and that little progress had been made... ECONOMIC EVENTS: In the U.S., non-defense capital goods orders excluding aircraft rose 1.7% in October, versus expectations for a 0.5% decline. Total durable goods orders were unchanged for the month, versus expectations for them to decline 0.7%. The S&P Case-Shiller 20-city home-price index gained 0.4% in September compared to the prior month. The Conference Board's consumer confidence index rose to 73.7 in November, beating expectations and hitting its highest level in almost five years. The Richmond Fed manufacturing survey for November registered +9, compared to expectations for it to slide to -9. In Europe, the region's finance ministers, the ECB and the IMF reached an aid deal on Greece, which is expected to help the nation reduce its debt-to-GDP ratio to 124% by 2020... COMPANY NEWS: ConAgra Foods (CAG) agreed to acquire Ralcorp Holdings (RAH) for $90.00 per share, or about $6.8B including the assumption of debt. Shares of Ralcorp shot up $18.57, or 26.44%, to $88.80 following the deal announcement and ConAgra also climbed $1.34, or 4.74%, $29.63 after the news... Hewlett-Packard (HPQ), in response to an open letter issued by Autonomy founder Mike Lynch, said it has evidence that Autonomy inflated its financial metrics and would take legal action on the matter when appropriate. Shares of HP traded lower on the session, down 38c, or 2.98%, to $12.36... MAJOR MOVERS: Among notable gainers were shares of Monster Beverage (MNST) up $6.08, or 13.26%, to $51.96 after Goldman said the FDA's response to Senator Durbin's letter on energy drinks was generally benign and encouraging. Also higher was ACADIA Pharmaceuticals (ACAD), up $3.13, or 136.09%, to $5.43 following its report of positive results from a trial of its treatment for Parkinson's disease psychosis, or PDP. Among the noteworthy losers was McMoRan Exploration (MMR), which slid another $1.47, or 15.23%, to $8.18 a day after the company provided an update on its Gulf of Mexico exploration results and indicated ongoing well difficulties. Also lower were shares of Thor Industries (THO), down $5.00, or 11.47%, to $38.60 after a disappointing Q1 report... INDICES: The Dow was down 89.24, or 0.69%, to 12,878.13; the Nasdaq was down 8.99, or 0.30%, to 2,967.79; and the S&P 500 was down 7.35, or 0.52%, to 1,398.94. | |
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News For CAG;RAH;HPQ;MNST;ACAD;MMR;THO From The Last 14 Days Check below for free stories on CAG;RAH;HPQ;MNST;ACAD;MMR;THO the last two weeks. |
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| June 20, 2013 | | 06:04 EDT |  | CAG | ConAgra added to Top Picks Live list at Citigroup
Citigroup added ConAgra to its Top Picks Live list citing an attractive risk/reward profile and reiterates a Buy rating on the stock. Citi sees potential upside to estimates in ConAgra's Q4 from margin improvement and calls the company its new top pick in U.S. Food. The firm has a $41 price target for shares. | | | 05:49 EDT |  | HPQ | Hewlett-Packard upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Hewlett-Packard citing potential catalysts from the company's ability to deliver FY14 net income and free cash flow growth as well as possible divestitures. The firm raised its price target range for shares to $30-$32 from $23-$25. | | | June 19, 2013 | | 06:12 EDT |  | HPQ | HP CEO Whitman reorganizes PC business, Bloomberg reports
Hewlett-Packard CEO Meg Whitman is reorganizing the company’s troubled PC business, and is replacing the longtime head Todd Bradley with one of his deputies as PC's slump worldwide, reports Bloomberg. Dion Weisler, hired by Bradley last year from Lenovo Group to lead PCs and printing in Asia, is assuming global responsibility for the units. Reference Link | | | June 18, 2013 | | 16:13 EDT |  | MNST | AMA adopts policy supporting ban of marketing energy drinks to kids
The American Medical Association, or AMA, announced that it voted during its Annual Meeting to adopt several new policies on emerging issues in public health and science. Among the policies adopted was support for a ban of the marketing of high stimulant/caffeine drinks to adolescents under the age of 18. "Energy drinks contain massive and excessive amounts of caffeine that may lead to a host of health problems in young people, including heart problems, and banning companies from marketing these products to adolescents is a common sense action that we can take to protect the health of American kids," said AMA board member Alexander Ding, M.D. The Fly notes that Forbes reported earlier this week that the AMA might endorse such a ban. | | | 15:23 EDT | | MNST | AMA calls for ban on advertising energy drinks to kids, Bloomberg says
 Subscribe for More Information | | | 09:20 EDT |  | HPQ | UBS IT hardware analyst holds an analyst/industry conference call
IT Hardware Analyst Milunovich and Hewlett Packard's COO Bill Veghte discuss HP's cloud computing strategy on an Analyst/Industry conference call to be held on June 20 at 11 am. | | | 07:46 EDT | | HPQ | Hewlett-Packard awards $88M Medicaid contract extension
HP Enterprise Services announced the Bureau of TennCare, Tennessee's Medicaid program, has signed an $88M agreement for HP to continue as the state's facilities manager for another two years, helping enable the state's program transformation while maintaining program stability for members. Under the terms of the new agreement, which includes two one-year options, HP will help the state move its technology infrastructure to a more flexible and sustainable services-oriented architecture that will improve responsiveness to business changes. The agreement also includes a continuation of HP Applications Services to maintain the TennCare Management Information System, which enhances workflow while providing timely access to accurate and meaningful information. | | | 07:19 EDT | | HPQ | Eyefortransport to hold a summit
Subscribe for More Information | | | 06:17 EDT | | HPQ | Taiwan tablet sales to reach 2M units in 2013, DigiTimes reports
Tablet demand in the Taiwan market is set to reach 2M units in 2013, reports DigiTimes, according to a Far EasTone Telecommunications Officer. Maxwell Cheng said the forecast for tablet sales volume in 2013 is set to double the level in 2012, with the 7-inch models estimated to account for 70%-80% of solid tablets. Reference Link | | | June 17, 2013 | | 15:29 EDT | | HPQ | Google's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link | | | | 08:22 EDT | | HPQ | Hewlett-Packard management to meet with UBS
Subscribe for More Information | | | 08:08 EDT | | MNST | Monster Beverage weakness on AMA headlines overdone, says Goldman
Goldman believes weakness in Monster Beverage shares following American Medical Association, or AMA, reports that it may endorse a ban on sales and marketing of energy drinks seems overdone. The analyst said the proposal does not contain new information and the AMA requested additional studies to better understand the issue. | | | June 14, 2013 | | 12:57 EDT |  | MNST | Monster Beverage puts active on report AMA may ban energy drinks
Subscribe for More Information | | | 12:43 EDT | | MNST | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:22 EDT | | MNST | Monster Beverage down more than 3% after Forbes says AMA may ban energy drinks
Subscribe for More Information | | | 11:21 EDT | | MNST | AMA could endorse ban of 'high energy' drinks, Forbes reports
The American Medical Association may endorse sales and advertising bans of “high-energy/stimulant drinks” to consumers under 18 years old, due to an increase in emergency room visits "linked to the consumption of 'stimulant' drinks," which are made by companies including Monster Beverage (MNST) and PepsiCo (PEP), according to Forbes. Reference Link | | | 11:18 EDT | | MNST | AMA could endorse ban on high-energy drinks, Forbes says
Reference Link | | | 08:27 EDT | | ACAD | ACADIA price target raised to $27 from $16 at JMP Securities
Subscribe for More Information | | | 07:15 EDT | | HPQ | Hewlett-Packard management to meet with UBS
Subscribe for More Information | | | June 13, 2013 | | 13:21 EDT | | ACAD | Options with increasing implied volatility: ACAD ELN
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