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Stock Market & Financial Investment News

News Breaks
September 27, 2012
07:26 EDTTBIO, WYY, VTSS, EGHT, CAMP, UPI, VRNG, ACLS, SPSC, CYBECraig-Hallum to host a conference
3rd Annual Alpha Select Conference is being held in New York on September 27.
News For CAMP;CYBE;VRNG;EGHT;SPSC;UPI;VTSS;ACLS;WYY;TBIO From The Last 14 Days
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March 30, 2015
11:02 EDTUPIUroplasty, Vision Sciences shareholders approve merger agreement
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March 23, 2015
09:07 EDTVRNGVringo announces favorable ruling in Brazil
Vringo announced it has received a favorable ruling in Brazil. On Thursday, March 19, the Court denied ZTE's fifth attempt to lift an injunction that has been in place since April 15. The Court rejected ZTE's renewed offer to post a bond in exchange for the lifting of the injunction, holding that such an offer was previously rejected on appeal and stating that ZTE was improperly attempting to revisit the merits of an injunction that had already been confirmed on appeal. Through the Court's injunction ZTE is prohibited from manufacturing, using, offering for sale, selling, installing, testing, or importing any 3G, 4G, and LTE infrastructure equipment in Brazil. The Federal and State Courts of Rio De Janeiro have already denied ZTE's appeal of this injunction.
March 20, 2015
12:06 EDTACLSAxcelis management to meet with Needham
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March 19, 2015
10:02 EDTVTSSOn The Fly: Analyst Downgrade Summary
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08:53 EDTVTSSVitesse downgraded to Hold from Buy at Craig-Hallum
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07:47 EDTWYYWidePoint receives task orders under Department of Homeland Security agreement
WidePoint subsidiary iSYS LLC has received a Task Order renewal from the Department of Homeland Security Headquarters and a new Task Order from OBIM. Both Task Orders were issued under the Department of Homeland Security Cellular Wireless Managed Services Blanket Purchase Agreement. The renewal is worth a total of $17M if all options are exercised and is for one base year worth $5.9M and two option years. The new order from OBIM is for one base and two option years and a total value of nearly $700K if all options are exercised.
06:25 EDTVTSSVitesse downgraded to Hold from Buy at Topeka
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March 18, 2015
16:26 EDTVTSSOn The Fly: Closing Wrap
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12:38 EDTVTSSOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday ahead of the conclusion of the Federal Reserve's latest rate setting meeting and the central bank's accompanying announcements. The averages began the session in negative territory and have been range-bound throughout the morning. The Dow was down triple digits once again, making 8 consecutive days that the blue chip index has seen a triple digit move. ECONOMIC EVENTS: In the U.S., the DOE petroleum inventory reports showed a 9.6M barrel rise in crude stocks in the week of March 13, versus expectations for a 4.4M build. The day's big economic news is yet to come, with the Fed's FOMC meeting announcement due at 2:00 pm EDT and Fed Chair Yellen holding a press conference a half hour later. Elsewhere, Prime Minister Benjamin Netanyahu unexpectedly defeated his main challenger in Israelís election and his Likud party appears set to capture more parliament seats. COMPANY NEWS: Shares of FedEx (FDX) slid 2.5% after the shipping giant reported earnings that beat estimates, but revenue that fell short of the consensus forecast, for its third fiscal quarter. FedEx noted that it expects to deliver "record" yearly earnings for the current fiscal year and next fiscal year as well... Oracle (ORCL) shares rose 2.5% after the company's third quarter profits matched expectations and it raised its quarterly dividend 25%. MAJOR MOVERS: Among the notable gainers was Vitesse Semiconductor (VTSS), which jumped 37% after the company agreed to be acquired for $5.28 per share in cash by Microsemi (MSCC). Also higher was Retrophin (RTRX), which rose 28% after the company said it will exercise its right to purchase from Asklepion Pharmaceuticals all worldwide rights, titles, and ownership of Cholbam after the FDA approved the drug for the treatment of pediatric and adult patients with bile acid synthesis disorders due to single enzyme defects and for patients with peroxisomal disorders. Among the noteworthy losers was Willbros Group (WG), which dropped 55% and was downgraded to Underperform at DA Davidson after announcing its earnings report will be delayed and the company is in potential non-compliance with debt covenants. Also lower following their earnings reports were Nektar Therapeutics (NKTR), which fell 15% after the company's Phase III BEACON metastatic breast cancer study missed its primary endpoint. INDEXES: Near midday, the Dow was down 105.02, or 0.59%, to 17,744.06, the Nasdaq was down 12.45, or 0.25%, to 4,924.99, and the S&P 500 was down 7.69, or 0.37%, to 2,066.59.
10:28 EDTVTSSVitesse downgraded to Hold from Buy at Benchmark Co.
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09:23 EDTVTSSOn The Fly: Pre-market Movers
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07:29 EDTVTSS, CAMPNorthland Capital Markets to hold a conference
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07:07 EDTVTSSMicrosemi to acquire Vitesse Semiconductor for $389M
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March 17, 2015
14:46 EDTVRNGVringo subidiary settles patent lawsuit with D-Link Systems
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10:21 EDTCAMPCalAmp initiated with a Buy at Aegis
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