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Stock Market & Financial Investment News

News Breaks
December 17, 2012
12:10 EDTCLWR, S, CBOU, CPWR, END, CABOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after a new fiscal cliff proposal made by House Speaker Boehner was rejected, but the movement on some battleground issues was viewed as progress toward a compromise. The Washington Post reported over the weekend that Obama's administration rejected Boehner's offer, which included higher tax rates on millionaires and an increase in the debt ceiling, but the proposal was viewed as a "breakthrough" among Democrats. Headlines that more talks were held at the White House between the President and the Speaker sparked the averages to their highs... ECONOMIC EVENTS: In the U.S., a benchmark for New York state manufacturing, the New York Fed's Empire State Survey, came up negative for a fifth straight month. The December reading, which was forecast to move up to -1.0 from its prior -5.2 level, instead slid to -8.10. In Europe, data showed euro zone exports declined 1.4% in October from the prior month, as imports increased 0.6%. In Asia, Japan elected a new prime minister who has vowed to adopt a large stimulus package, cut interest rates and take other measures to revive growth in the nation's economy... COMPANY NEWS: Sprint (S) struck a deal to acquire the approximately 50% stake in Clearwire (CLWR) it does not already own for $2.97 per share, or $2.2B. Shares of the two companies moved in opposite directions after the announcement, with Sprint gaining about 0.25% and Clearwire declining almost 13%... MAJOR MOVERS: Among the notable gainers was Caribou Coffee (CBOU), which rose 30% after agreeing to be acquired by Germany's Joh. A. Benckiser for $16.00 per share in cash, or $340M. Also higher were shares of Compuware (CPWR), up about 15% after Elliott Management offered to acquire the company for $11.00 per share in cash, or $2.3B. Among the noteworthy losers was Endeavour (END), which fell almost 21% after research firm Global Hunter downgraded the stock to Accumulate from Buy and cut its price target on shares to $9 from $13. Also lower was Cabelas (CAB), which slipped about 5% as one of the gun retailers and gun makers seeing its stock move lower in response to intensified calls for gun control following Friday's tragedy in Connecticut... INDICES: Near noon, the Dow was up 76.32, or 0.58%, to 13,211.33; the Nasdaq was up 26.74, or 0.90%, to 2,998.07; and the S&P 500 was up 11.96, or 0.85%, to 1,425.54.
News For CLWR;S;CBOU;CPWR;END;CAB From The Last 14 Days
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September 12, 2014
05:12 EDTSSprint to offer iPhone 6, iPhone 6 Plus
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September 11, 2014
12:44 EDTST-Mobile deal not being worked on by Sprint, dealReporter says
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11:17 EDTSSprint CEO says the company is open to M&A talks
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10:55 EDTSSprint CEO: We are disciplined in short term on cost reduction
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September 10, 2014
07:13 EDTSFCC chairman remains 'skeptical' of large wireless deals, Reuters says
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September 9, 2014
19:53 EDTSSprint to benefit from iPhone 6 announcement, says Wells Fargo
Wells Fargo analyst Jennifer Fritzsche believes that Apple's (AAPL) iPhone 6 supporting up to 20 LTE bands is a "needle mover" for Sprint (S) that will "offer a significant competitive advantage longer term" as it will significantly expand Sprint's usable LTE spectrum for its iPhone customers. The firm maintains its Outperform rating on shares of Sprint.
19:49 EDTSSprint unveils 'iPhone for life plan' promotion
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14:51 EDTSApple announces iPhone 6, 6 Plus with Retina HD, Apple Pay
Apple announced iPhone 6 and iPhone 6 Plus, featuring two new models with 4.7-inch and 5.5-inch Retina HD displays. The new iPhones feature a unibody enclosure of anodized aluminum that conforms with the shaped glass of the display. iPhone 6 and iPhone 6 Plus include the Apple-designed A8 chip with second generation 64-bit desktop-class architecture for fast performance and power efficiency. Both models include the M8 motion coprocessor that gathers motion data from the accelerometer, gyroscope, compass and the new barometer. iPhone 6 and iPhone 6 Plus introduce Apple Pay, a new way to securely pay for physical goods and services in stores or apps. Users can pay securely in stores by holding the phone near the contactless reader while keeping a finger on Touch ID. The iSight camera gets better with a new sensor featuring Focus Pixels for faster autofocus and iPhone 6 Plus users will also benefit from optical image stabilization technology that compensates for hand shake in low light and works with iOS 8 to reduce subject motion. With faster LTE download speeds of up to 150 Mbps, iPhone 6 and iPhone 6 Plus users can browse, download and stream content faster. The new iPhones also support voice calls over LTE, or VoLTE, as well as Wi-Fi calling. iPhone 6 comes in gold, silver or space gray, and will be available in the U.S. for a suggested retail price of $199 for the 16GB model, $299 for the 64GB model and 128GB model for $399 with a two-year contract. iPhone 6 Plus comes in gold, silver or space gray, and will be available in the US for a suggested retail price of $299 for the 16GB model, $399 for the 64GB model and $499 for the new 128GB model with a two-year contract. Both models will be available from the Apple Online Store, Apple’s retail stores, and through AT&T (T), Sprint (S), T-Mobile (TMUS), Verizon Wireless (VZ), additional carriers and select Apple Authorized Resellers. iPhone 6 and iPhone 6 Plus will be available in the US, Australia, Canada, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the UK beginning on Friday, September 19, and customers can pre-order both models beginning on Friday, September 12.
07:29 EDTSUBM Canon to hold a summit
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07:11 EDTSUBM Tech to hold a conference
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05:49 EDTEND Stocks with implied volatility movement; END LOCO
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05:16 EDTSSprint announces improved phone-trade in program, price match guarantee
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September 8, 2014
12:57 EDTSSprint management to meet with Jefferies
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September 7, 2014
20:37 EDTSApple's new iPhones face risk as carriers begin subsidy phase out, WSJ says
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September 5, 2014
10:31 EDTSSprint reaches 4G LTE roaming agreements with 15 rural carriers
Sprint announced that it has reached 4G LTE agreements with 15 additional rural and regional network carriers as part of the Rural Roaming Preferred Provider program it announced with Competitive Carriers Association earlier this year. The program gives smaller carriers a clear path forward to high speed mobile broadband solutions by providing the carriers low-cost access to Sprint’s nationwide 4G LTE network and an opportunity to access an expanded range of mobile devices.
September 4, 2014
16:46 EDTENDSteelhead Partners reports 6.8% passive stake in Endeavour
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05:56 EDTENDStocks with implied volatility movement; END AAPL
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September 3, 2014
10:46 EDTENDHigh option volume stocks
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09:15 EDTENDOn The Fly: Pre-market Movers
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08:12 EDTSSprint will cut expenses further, says Wells Fargo
After meeting with Sprint's new CEO, Wells Fargo thinks the company will significantly cut its expenses. The firm expects the company to use some of the savings from these cuts for marketing and advertising, but it believes that the savings will exceed the additional expenditures. Wells keeps an Outperform rating on the stock.
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