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Stock Market & Financial Investment News

News Breaks
January 15, 2013
06:26 EDTCLWR, STZStocks with implied volatility movement; CLWR STZ
Stocks with implied volatility movement; Clearwire (CLWR), Constellation Brands (STZ) according to iVolatility.
News For CLWR;STZ From The Last 14 Days
Check below for free stories on CLWR;STZ the last two weeks.
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May 17, 2013
07:46 EDTCLWRClearwire investors to force Sprint to up bid, Reuters reports
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May 16, 2013
16:29 EDTSTZOn The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47.
10:03 EDTSTZOn The Fly: Analyst Upgrade Summary
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08:07 EDTSTZConstellation Brands upgraded to Strong Buy from Buy at ISI Group
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07:28 EDTSTZConstellation Brands upgraded to Buy from Hold at Stifel
Stifel upgraded Constellation Brands citing accelerating high end beer sales and positive distributor and supplier checks that indicate low-single digit price increases in spirits. Price target is $64.
May 15, 2013
17:26 EDTSTZThird Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN).
May 13, 2013
09:50 EDTCLWRClearwire sends letter urging stockholders to vote 'for' proposed Sprint transaction
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May 10, 2013
17:16 EDTCLWRCrest Financial takes first step to perfect appraisal rights of Clearwire shares
Crest Financial Limited, the largest of the independent, minority stockholders of Clearwire (CLWR), has told its brokerage firms to take all necessary steps to perfect Crest's rights under Section 262 of the Delaware General Corporation Law to seek appraisal for the common stock of Clearwire that it beneficially owns. The Delaware law permits Clearwire shareholders electing to exercise their appraisal rights to ask the Delaware Court of Chancery to determine the fair value of their Clearwire common stock if the Sprint (S)-Clearwire merger is consummated and certain other conditions are satisfied. The law states that a Clearwire stockholder that votes FOR the Sprint-Clearwire merger cannot elect to exercise its appraisal rights. Crest has long argued that the price Sprint Nextel is offering to pay Clearwire stockholders for their shares is highly inadequate, that the merger was structured in a way that unfairly disadvantages minority stockholders and that Clearwire would be better off if it remained a stand-alone company. Crest also commended Glass, Lewis & Co., a leading proxy advisory firm, for its recommendation urging that Clearwire stockholders vote against the proposed merger with Sprint. Crest said is strongly disagreed with the view of ISS that the Sprint-Clearwire merger should succeed.
12:17 EDTCLWRISS recommends Clearwire holders vote 'FOR' proposed transaction with Sprint
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09:23 EDTCLWRSprint says ISS recommends Clearwire shareholders vote in favor of merger
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May 9, 2013
18:12 EDTCLWRSoftbank CEO says Sprint takeover to offer pricing advantage, WSJ reports
In an interview with The Wall Street Journal, Softbank (SFTBF) CEO Masayoshi Son said the proposed takeover of Sprint (S) will allow the combined company to bring a pricing advantage to the U.S. wireless market. The report also says Son has assured regulators networking equipment from Huawei Technologies would be removed from Clearwire's (CLWR) network as a condition for getting approval. Reference Link
15:09 EDTCLWRSoftbank CEO says Sprint wouldn't allow Clearwire bankruptcy filing, DJ reports
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14:06 EDTCLWRCrest Financial issues statement urging Clearwire holders vote against merger
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May 7, 2013
16:17 EDTSTZConstellation Brands names Thomas Kane as Chief Human Resources Officer
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07:18 EDTCLWRFCC okays LightSquared spectrum test, WSJ reports
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May 6, 2013
18:27 EDTCLWRCrest Financial urgers Clearwire holders to reject proposed merger with Sprint
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09:17 EDTCLWRSprint says committee still evaluating DISH proposal
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08:21 EDTCLWRClearwire says deal with Sprint provides best strategic alternative for holders
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05:54 EDTCLWRStocks with implied volatility movement; CLWR AMD
Stocks with implied volatility movement; Clearwire (CLWR), AMD (AMD) according to iVolatility.

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