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Stock Market & Financial Investment News

News Breaks
December 17, 2012
12:10 EDTEND, S, CPWR, CLWR, CAB, CBOUOn 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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November 19, 2014
17:40 EDTCPWRCompuware to sell Detroit building, sees charge of $110M-$115M during Q3
Compuware disclosed in a filing that on November 17, Compuware entered into an agreement for the sale of its headquarters facility located at One Campus Martius, Detroit, Michigan, to 1000 Webward , a Delaware limited liability company for approximately $142M in cash. The closing of the transaction will occur on December 31. Based on the plan of action to dispose of the Building, the company will record a non-cash pre-tax impairment charge of $110M to $115M during Q315.
November 18, 2014
16:10 EDTCABCabela's to open to new markets in Gainsville and Ontario
Cabelaís announced plans to introduce Cabelaís customer service to two new markets: Gainesville, Va., and Ottawa, Ontario, Canada. Cabelaís anticipates a spring 2017 opening for the 79,000-square-foot store.Cabelaís also announces plans to open a store in Ottawa in the spring of 2016.
06:27 EDTSSprint's Chief Marketing Officer to leave company, WSJ reports
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06:23 EDTSSprint names Douglas Michelman to management team, to replace Bill White
Sprint (S) announced the appointment of Douglas Michelman to Sprintís leadership team. Most recently, he spent 10 years as Chief Communications Officer at Visa (V), where he oversaw global media relations, public affairs, industry analyst relations and financial and communication strategies. Prior to Visa, Michelman served in various roles at FleishmanHillard, including regional president and senior partner. In addition to his many years of corporate experience, Michelmanís communications background also includes staff positions for two presidential campaigns. Michelman replaces Bill White, Senior Vice President of Corporate Communications and Corporate Social Responsibility, who will be leaving the company. White spent the past 32 years with Sprint. Michelman joins Sprint on Monday, Dec. 1, 2014, and will be relocating to Overland Park, Kansas.
November 17, 2014
11:11 EDTCPWRHigh option volume stocks:
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