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Stock Market & Financial Investment News

News Breaks
November 27, 2012
16:29 EDTACAD, RAH, THO, MNST, CAG, MMR, HPQOn 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.
News For CAG;RAH;HPQ;MNST;ACAD;MMR;THO From The Last 14 Days
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September 3, 2015
09:40 EDTACADACADIA U.S. introduction of Nuplazid likely in 2016, says Ladenburg
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08:16 EDTHPQHP exploring sale of cyber security unit, Reuters reports
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07:21 EDTHPQSentiment towards HP to get lift from Seagate data, says Wells Fargo
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07:04 EDTACADACADIA submits NDA for Nuplazid for treatment of Parkinson's Disease psychosis
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07:04 EDTACADACADIA names Steve Davis president, CEO
ACADIA Pharmaceuticals announced that its Board of Directors has appointed Steve Davis as President and CEO. Davis has been serving as ACADIA's Interim Chief Executive Officer since March 2015. Davis has also been appointed to the ACADIA Board of Directors.
September 2, 2015
07:21 EDTHPQArista Networks outlook has improved, says Stifel
After meeting with Arista's (ANET) management and other sources in the industry, Stifel says that the release of VMware's (VMW) NSX 6.2 will be positive for Arista, which partners with NSX. The firm adds that the momentum of Arista's partnership with HP (HPQ) is increasing, while the partnership is creating new opportunities for Arista. The firm continues to believe that Arista has multiple "tangible" growth catalysts. It keeps a $95 price target and Buy rating on the shares.
September 1, 2015
06:31 EDTHPQHP made workers choose between being contractors or being fired, BI reports
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August 31, 2015
10:57 EDTHPQAnalyst calls end to PC downturn, upgrades Intel
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09:53 EDTCAGConAgra October volatility elevated into Q1 and outlook
ConAgra September call option implied volatility is at 28, October is at 30; compared to its 52-week range of 15 to 34, suggesting large October price movement into the expected release of Q1 results on September 22.
08:59 EDTCAGPotential TreeHouse deal would boost EPS by 30%, says SunTrust
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August 28, 2015
11:32 EDTHPQFederal government to team with tech companies for tech hub, Venture Beat says
The Obama administration will make an announcement later today that will establish a flexible hybrid electronics hub in Silicon Valley, reports Venture Beat. The administration will partner with 162 companies that include Apple (AAPL), Hewlett-Packard (HPQ), Boeing (BA), General Motors (GM) and others. Both the Department of Defense and this private consortium will look to enhance the U.S.'s standing in "next-generation bendable and wearable electronic devices." Reference Link
August 27, 2015
10:00 EDTACADOn The Fly: Analyst Upgrade Summary
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06:37 EDTACADACADIA upgraded to Overweight from Neutral at Piper Jaffray
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August 26, 2015
15:27 EDTHPQVMware falls after report EMC board weighing downstream merger proposal
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12:08 EDTHPQEMC Federation departures suggest changes coming, says Raymond James
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August 25, 2015
09:59 EDTACADOn The Fly: Analyst Initiation Summary
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09:07 EDTACADACADIA initiated with a Buy at Aegis
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August 23, 2015
19:56 EDTCAGTreeHouse in talks to buy ConAgra private label unit for $3B, NY Post says
TreeHouse Foods (THS) chairman and CEO Sam Reed privately told certain investors last week that the company is in talks to buy ConAgra's (CAG) Ralcorp private label food unit for roughly $3B, reports the New York Post, citing a source with inside knowledge. Post Holdings (POST) is also eyeing Ralcorp, sources told the publication. Reference Link

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