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News Breaks | | | | March 19, 2013 | | 16:22 EDT |  | CAH, WAG, CHTR, EA, LULU, ABC, LMCA | On The Fly: Closing Wrap
Stocks on Wall Street were mixed as the ongoing fears over the situation in Cyprus weighed on the S&P, though the Dow was able to eke out a modest gain. Data released before the open showed housing permits rose to multi-year highs, but headlines out of Europe kept the averages under pressure for much of the afternoon... ECONOMIC EVENTS: In the U.S., housing starts climbed 0.8% from the prior month to a 917K rate in February. Building permits rose by 4.6% to a 946K rate, which was significantly ahead of the consensus forecast. In Europe, ongoing fears about how the situation in Cyprus will play out, including renewed worries that the nation will default or be forced to leave the euro zone, sent the euro currency lower against the U.S. dollar. Cyprus' parliament defeated the bank levy bill and afternoon headlines from Bloomberg said the ECB will provide liquidity to that nation, though only within its existing rules... COMPANY NEWS: Liberty Media (LMCA) announced an agreement to pay $2.617B for a 27.3% stake in Charter Communications (CHTR). Charter shares, which gained nearly 10% yesterday as media reports of the Liberty investment circulated, advanced another $2.34, or 2.39%, to $100.38, while Liberty shares closed down 32c, or 0.29%, to $110.34... lululemon (LULU) lost $1.82, or 2.76%, to $64.08 after issuing a recall of its Black Luon pants, citing a sheerness problem. lululemon cut its Q1 revenue and same-store-sales guidance as a result of the recall, and shares were downgraded at Sterne Agee... MAJOR MOVERS: Among the notable gainers was Walgreen (WAG), up $2.31, or 5.44%, to $44.74 after reporting earnings and announcing it agreed to a long-term pharmaceutical distribution agreement with AmerisourceBergen (ABC). AmerisourceBergen shares rose $1.76, or 3.64%, to $50.06 after the agreement, which grants Walgreen the right to buy a stake in AmerisourceBergen. Among the noteworthy losers was Electronic Arts (EA), down $1.56, or 8.34%, to $17.15 after its CEO resigned and the company warned it will likely come in below or near the bottom of its prior guidance. Also lower was Cardinal Health (CAH), down $3.78, or 8.19%, to $42.35 after the company announced its agreement with Walgreen will end in August and the company provided a FY14 EPS view below consensus... INDICES: The Dow was up 3.76, or 0.03%, to 14,455.82; the Nasdaq was down 8.49, or 0.26%, to 3,229.10; and the S&P 500 was down 3.76, or 0.24%, to 1,548.34. | |
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News For CHTR;LMCA;LULU;WAG;ABC;EA;CAH From The Last 14 Days Check below for free stories on CHTR;LMCA;LULU;WAG;ABC;EA;CAH the last two weeks. |
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| May 22, 2013 | | 17:37 EDT |  | CHTR | Crestview lowers stake in Charter to 4.9% from 5.6%
 Subscribe for More Information | | | 08:29 EDT |  | EA | Electronic Arts margin outlook has improved, says Stifel
Subscribe for More Information | | | May 21, 2013 | | 19:29 EDT |  | EA | Electronic Arts to face suit over video game likeness, WSJ reports
Subscribe for More Information | | | 14:18 EDT | | EA | Electronic Arts announced EA Sports Ignite for Xbox One
Subscribe for More Information | | | 13:30 EDT | | EA | Electronic Arts says starting new strategic partnership with Microsoft
Subscribe for More Information | | | May 20, 2013 | | 15:52 EDT |  | WAG | Walgreen downgraded to Market Perform from Outperform at Barrington
Subscribe for More Information | | | 06:01 EDT | | CHTR | Charter price target raised to $131 from $107 at Citigroup
Subscribe for More Information | | | May 17, 2013 | | 12:33 EDT | | WAG, ABC | AmerisourceBergen receives approval of Walgreens, Alliance Boots investment
AmerisourceBergen (ABC) announced that the parties have received regulatory approval of the previously disclosed agreement for Walgreen (WAG) and Alliance Boots GmbH to purchase an equity stake in the company. AmerisourceBergen continues to expect the new agreements to contribute an incremental $25B in revenues and approximately 20c in earnings per share in FY14, excluding the amortization of certain expenses related to the transaction and the warrants issued, certain non-recurring costs and a potential LIFO charge, and net of certain start up expenses. In addition, the company reiterated its expectations for financial performance for fiscal year 2013, which includes expected revenue growth in the 11%-13% range, and diluted earnings per share from continuing operations in the lower half of the range of $3.04 to $3.14, excluding certain expenses related to the relationship with Walgreens and Alliance Boots and the warrants issued, and the expected LIFO charge from onboarding of additional branded inventory. | | | May 16, 2013 | | 17:32 EDT | | EA | Electronic Arts says Gregory Maffei to retire from board
Subscribe for More Information | | | May 15, 2013 | | 19:34 EDT | | LMCA | On The Fly: After Hours Movers
Subscribe for More Information | | | | 17:46 EDT | | LMCA | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . | | | 17:03 EDT | | CHTR | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | 16:55 EDT | | LMCA | Berkshire Hathaway gives quarterly update on stakes
Subscribe for More Information | | | 16:38 EDT | | LMCA | Berkshire Hathaway reports 5.03% passive stake in Liberty Media
Subscribe for More Information | | | May 14, 2013 | | 17:48 EDT | | LMCA | Lone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES). | | | 13:21 EDT | | EA | Take-Two rises after results beat expectations
Subscribe for More Information | | | 07:18 EDT |  | ABC, CAH | BofA/Merrill to host a conference
2013 Health Care Conference is being held in Las Vegas on May 14-16. | | | May 13, 2013 | | 08:32 EDT | | WAG | Walgreens extends CVS Caremark network provider agreement
Subscribe for More Information | | | 08:05 EDT | | ABC | Frazier Healthcare acquires AnderesonBrecon from AmerisourceBergen
Subscribe for More Information | | | 07:32 EDT | | ABC | AmerisourceBergen says divestiture of AndersonBrecon has no impact on guidance
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