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Stock Market & Financial Investment News

News Breaks
February 14, 2014
08:47 EDTCMCSA, GSK, TSLA, MSFT, SNE, F, KW, NFX, APC, MUR, WFC, MU, CSCO, CHTR, TWC, ARNAOn the Fly: Periodicals Wrap
WSJ: Comcast's (CMCSA) Obama relationships to be tested in Time Warner Cable (TWC) deal...Charter (CHTR) likely to seek other acquisitions...Cisco's (CSCO) memory issue may be tied to Micron (MU)...REUTERS: Wells Fargo (WFC) moves back into the subprime home market...Murphy Oil (MUR) may sell about $3B of Asian assets...Brightoil interested in Anadarko (APC), Newfield (NFX) China operations...Kennedy Wilson (KW) looks to raise $1.25B from European property unit...BLOOMBERG: Ford (F) sales dominated by small SUVs...Sony (SNE) PlayStation beats Microsoft (MSFT) Xbox One sales...Tesla (TSLA) looking into cause of Toronto Model S fire...OTHER NEWS: GlaxoSmithKline (GSK) interested in Arena (ARNA), Daily Mail reports.
News For CMCSA;TWC;CHTR;CSCO;MU;WFC;MUR;APC;NFX;KW;F;SNE;MSFT;TSLA;GSK;ARNA From The Last 14 Days
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April 2, 2014
11:33 EDTTSLATesla appeals NJ ban on direct sales, Star-Ledger reports
Tesla has filed an appeal in New Jersey Superior Court to overturn the state's ban on selling its vehicles directly to consumers, reported The Star-Ledger. Reference Link
10:02 EDTCMCSAComcast awarded GSA schedule 70 contract for Business Ethernet
Comcast Business announced that it was awarded a Schedule 70 contract with the General Services Administration, GSA, which enables the company to sell directly to federal, state and local government customers. The initial Schedule 70 applies to Comcast Business Ethernet services. In the future, Comcast said it plans to expand the Schedule to also include its full voice product suite, as well as its Business Internet and Business TV offerings.
10:00 EDTFOn The Fly: Analyst Initiation Summary
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09:35 EDTTSLAActive equity options trading on open
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09:18 EDTGSKOn The Fly: Pre-market Movers
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08:41 EDTCSCOPacific Crest to hold a forum
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08:40 EDTTWC, CMCSATime Warner Cable volatility low into review of Comcast buyout
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08:37 EDTCSCO, WFCWells Fargo to hold a summit
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08:35 EDTTSLATesla Motors May volatility elevated at 65
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07:51 EDTCMCSASeveral communications companies could be bought, says Oppenheimer
Oppenheimer says that the following communications companies could become takeover targets: T-Mobile (TMUS), DirecTV (DTV), DISH (DISH), Level 3 (LVLT), tw telecom(TWTC), and Rackspace (RAX). The firm calls T-Mobile "a prime target," and thinks the company has several potential suitors and is best positioned to benefit from current trends. Oppenheimer expects the major surviving companies in the space to be Comcast (CMCSA), AT&T (T), Verizon (VZ), and Sprint (S). It keeps Outperform ratings on T-Mobile, Rackspace, Comcast, and Verizon. It has Perform ratings on Level 3, tw telecom, and Sprint.
07:44 EDTGSKAgenus down 9.4% after GlaxoSmithKline stops MAGRITi Phase 3 trial
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07:44 EDTTSLAChina mulls more electric car incentives, Bloomberg says
China may exempt electric-car buyers from paying purchase taxes as part of expanded state measures to boost sales of such cars after past incentives failed to spark demand, according to Bloomberg, citing comments from Vice Premier Ma Kai. Companies that make electric vehicles include GM (GM), Honda (HMC), Nissan (NSANY) and Tesla (TSLA). Reference Link
07:14 EDTMUMicron management to meet with JMP Securities
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07:07 EDTFFord initiated with a Neutral at Nomura
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07:05 EDTAPCAnadarko management to meet with Deutsche Bank
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07:03 EDTMSFTMicrosoft CEO to lay out vision for Windows at Build, Business Insider says
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06:22 EDTWFCBank overdraft fees hitting highs, WSJ reports
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06:18 EDTCMCSAHulu, Comcast expected to strike deal for past NBCU shows, WSJ reports
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06:11 EDTGSKGlaxoSmithKline confirms plans to stop MAGRIT Phase III trial
GlaxoSmithKline announced its decision to stop the MAGRITi trial, a Phase III trial of its MAGE-A3ii cancer immunotherapeuticiii in non-small cell lung cancer patients, after establishing that it will not be possible to identify a sub-population of gene-signature positive NSCLC patients that may benefit from the treatment. Data from the trial announced on 20 March 2014 showed that it did not meet its first or second co-primary endpoints as it did not significantly extend disease-free survival when compared to placebo in either the overall MAGE-A3 positive population or in those MAGE-A3-positive patients who did not receive chemotherapy. The trial will be stopped and GSK will now gain access to the un-blinded data, in order to conduct a full assessment of the findings and understand learnings for other aspects of immunotherapy development within GSK. The Independent Data Monitoring Committee indicated that its review of the current safety information revealed no specific safety concern and the data is in line with the known safety information for the MAGE-A3 cancer immunotherapeutic.
05:45 EDTGSKAgenus announces GSK's MAGE-A3 Phase 3 study will be stopped
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