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Stock Market & Financial Investment News

News Breaks
January 9, 2013
12:37 EDTAPOL, HLF, CLWR, GPN, DISH, HA, NUVA, SOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after Alcoa (AA) unofficially kicked off the earnings season last night by matching analysts' earnings estimates and topping revenue expectations. Alcoa's report may be lending a sense of optimism that companies may be able to exceed the lowered expectations for the earnings season now getting underway. The market's bounce from its recent run of lower closes may not be long lived if lawmakers do not make progress, as highlighted again in a Washington Post report that said the U.S. may reach the current limit on the debt ceiling as soon as February 15, about two weeks earlier than previously expected... ECONOMIC EVENTS: In the U.S., the EIA's weekly petroleum status update showed that inventories of crude oil built up but by fewer barrels than expected, while gasoline and distillates built up by more than expected. In Europe, industrial output in Germany grew slightly in November but fell short of expectations, as the 0.2% adjusted monthly rise missed expectations for a 1.0% increase... COMPANY NEWS: Shares of Clearwire (CLWR) rose nearly 8% to $3.15 after the company got an unsolicited $3.30 per share buyout bid from Dish Network (DISH). The offer sets up a potential takeover battle with Sprint (S), which already owns a majority stake in Clearwire and has a deal in place to acquire the remaining interest... Another potential Wall Street showdown made headlines, related to two prominent hedge fund managers and their conflicting positions on Herbalife (HFL). Shares of Herbalife spiked higher and were up almost 5% near noon, after hedge fund Third Point, managed by Dan Loeb, disclosed an 8.24% passive stake. The holding puts Loeb in opposition with Bill Ackman of Pershing Square, who has a large and well publicized short position in the company... MAJOR MOVERS: Among the notable gainers was NuVasive (NUVA), which rose nearly 12% after reporting preliminary revenue that beat expectations and having its stock upgraded to Sector Perform at RBC Capital. Also higher were shares of Global Payments (GPN), up about 6% after JPMorgan upgraded the stock and RBC Capital raised its price target on shares following the company's report and increased guidance. Among the noteworthy losers was Apollo Group (APOL), which fell 9% following more than one downgrade of the stock after its Q1 report. Also lower were shares of Hawaiian Holdings (HA), which slid over 6% following a two notch downgrade to Underperform from Buy at Bank of America Merrill Lynch... INDICES: Near noon, the Dow was up 80.63, or 0.60%, to 13,409.48; the Nasdaq was up 14.66, or 0.47%, to 3,106.47; and the S&P 500 was up 4.86, or 0.33%, to 1,462.01.
News For CLWR;S;DISH;HLF;NUVA;GPN;APOL;HA From The Last 14 Days
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May 20, 2015
10:00 EDTGPNOn The Fly: Analyst Initiation Summary
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May 19, 2015
16:48 EDTGPN, GPNGlobal Payments initiated with an Underperform at CLSA
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12:16 EDTHLFFTC, states charge four cancer charities as shams
The Federal Trade Commission and 58 law enforcement partners from every state and the District of Columbia have charged four sham cancer charities and their operators with bilking more than $187M from consumers. Named in the federal court complaint are Cancer Fund of America, Cancer Support Services, Children’s Cancer Fund of America and The Breast Cancer Society. Shares of Herbalife (HLF) and Lumber Liquidators (LL) weakened intraday yesterday as speculation circulated about whether either of the companies would be the target of the FTC's announcement today.
09:53 EDTSSprint expects Voice to be 'still important' as Data demands continues to grow
Expects that half of its plans will be financed while a third plus will be through leasing. The company says it has its eye on how those numbers change going forward. Cites successful financing through securitization and vendor financing. The company says it "feels good" about taking expenses and reinvesting on a smaller base for overall operation. Says the company is still working on getting its churn down. Comments made by CFO Joe Euteneuer at the JPMorgan Global Technology, Media and Telecom Conference.
07:36 EDTSAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
06:18 EDTDISHDish says followed all rules in bidding strategy for spectrum auction, WSJ says
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May 18, 2015
12:12 EDTHLFHerbalife dips after FTC says to announce 'major consumer fraud' case
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09:49 EDTDISHEquity options with increasing volume
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09:07 EDTSSprint extends availability of Direct 2 You service to Kansas City, Miami
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07:27 EDTGPNJPMorgan to hold a conference
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May 15, 2015
17:15 EDTSPaulson & Co. gives quarterly update on stakes
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May 14, 2015
19:47 EDTHLFHerbalife responds to court's final approval of class action settlement
Herbalife issued the following statement: “Herbalife welcomes the decision by the U.S. District Court for the Central District of California to grant final approval of the class action settlement in the matter of Dana Bostick v. Herbalife International of America Inc et al. As we have consistently stated, we believe that the settlement is fair, reasonable and adequate to class members, and we note the court found that the low number of claimants was not surprising in light of the substantial survey results indicating that most people join Herbalife to become discount consumers of our products."
13:58 EDTNUVANuVasive initiated with a Market Perform at Northland
Target $46.
10:43 EDTDISHDISH CEO says 'not sure' how spectrum will be used in wireless
Charlie Ergen is speaking on CNBC.
10:39 EDTDISHDISH CEO says may release Sling TV numbers next quarter
Charlie Ergen is speaking on CNBC.
10:37 EDTDISHDISH CEO says AT&T, DirecTV merger will bring tougher competitor
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10:31 EDTST-Mobile says porting ratio vs. Sprint is approaching 3.0
In regards to LTE competition and sustainability, T-Mobile said it is in a leadership position where it really matters. Backs operating free cash flow and EBITDA guidance. Reports 11M MetroPCS subscribers. Comments taken from MoffettNathanson Media & Communications Summit.
06:37 EDTDISHDISH, Cogent ask FCC to set conditions for AT&T acquisition, Reuters says
DISH (DISH) and Cogent Communications (CCOI) asked the FCC to force AT&T (T) to sell Internet service as a standalone service, as a condition of the telecom giant's proposed acquisition of DirecTV (DTV), according to Reuters. DISH and Cogent also asked the agency to make AT&T sell standalone Internet service at a reasonable price and at the same speeds it provides in package deals, the news service stated. Reference Link
06:17 EDTGPNGlobal Payments price target raised to $118.50 from $110 at Citigroup
Citigroup raised its price target for Global Payments to $118.50 saying the company's operating leverage recovery story remains in the "early innings." Citi keeps a Buy rating on the stock after meeting with management.
06:06 EDTS, DISHDISH plans to enter wireless business, Yahoo reports
DISH (DISH) plans to enter the wireless business in an attempt to become the only provider to offer wireless voice, video and data services, Adam Samson of Yahoo Finance reports, citing an internal document. The document, marked confidential, obtained by Yahoo indicates Dish is looking to hire a chief marketing officer to help guide its move into the wireless space, Samson adds. The move comes after DISH acquired nearly half of the spectrum licenses offered in a U.S. government auction. The top U.S. wireless providers are Verizon (VZ), AT&T (T), T-Mobile (TMUS) and Sprint (S). Reference Link
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