New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 17, 2012
12:10 EDTCPWR, CLWR, CAB, CBOU, END, SOn 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
Sign up for a free trial to see the rest of the stories you've been missing.
April 24, 2015
09:02 EDTSSprint volatility at low end of historic range into Q3
Sprint overall option implied volatility of 44 compares to its 26-week average of 50 according to Track Data, suggesting decreasing price movement into the expected release of Q3 results on May 5.
April 23, 2015
14:20 EDTSEarnings Watch: Google up close to 8.5% since last earnings report
Subscribe for More Information
10:05 EDTSSprint introduces Command Center 2.0 for enterprises
Sprint (S) announced it has launched its next-generation Command Center 2.0, which provides a centralized management platform across multiple technologies and simplifies the job of device management, in more than 200 countries. Sprint said its parent company, Softbank (SFTBF), not only supports the Command Center 2.0ís global extension but is also working with Sprint to use certain components of Command Center 2.0 for their customers.
08:08 EDTCABCabela's reaffirms FY15 outlook
Subscribe for More Information
08:07 EDTCABCabela's reports Q1 adjusted EPS 38c, consensus 36c
Reports Q1 revenue $827.1M, consensus $804.1M. Retail store revenue increased 18.9% to $524.4 million; Direct revenue decreased 3.3% to $173.5 million; and Financial Services revenue increased 24.7% to $122.9 million. During the period, consolidated comparable store sales decreased 1.3%.
April 22, 2015
15:50 EDTCABNotable companies reporting before tomorrow's open
Subscribe for More Information
13:37 EDTSGoogle introduces Project Fi, to partner with Sprint, T-Mobile
Subscribe for More Information
06:01 EDTSGoogle could launch wireless service today, WSJ reports
Subscribe for More Information
April 21, 2015
07:36 EDTSU.S. mobile cariers could be pressured from new data plans, WSJ says
Subscribe for More Information
April 14, 2015
10:51 EDTSGoogle to sell mobile phone plans directly to customers, The Information reports
Google (GOOG) is looking to sell mobile phone plans directly to customers while managing their calls and mobile data over a cellular network, reports The Information. According to people with knowledge of the plans, the new service is expected to run on Sprint (S) and T-Mobile (TMUS) networks. Google expected to reach deals to buy wholesale across to those carriers' networks. A launch this year seems likely. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use