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Stock Market & Financial Investment News

News Breaks
June 12, 2013
16:20 EDTHMA, GT, VOD, ULTA, CTB, BIIB, LYVOn The Fly: Closing Wrap
Stocks on Wall Street were lower despite opening sharply higher as the market looked to avoid its first three day losing streak of the year. Downside momentum quickly took hold however, and the averages moved steadily lower through the session, moving to their lows in the final hour of trading but finishing just off those levels. ECONOMIC EVENTS: In the U.S., the MBA's purchase applications composite index rose 5.0% for the week. The U.S. posted a $139B May budget deficit against expectations for a $130B deficit, and compared to a $124.6B deficit a year ago. In Europe, factory production in the 17-nation euro area rose 0.4% in April from March, compared to expectations for it to remain unchanged. COMPANY NEWS: Cooper Tire (CTB) agreed to be acquired by India's Apollo Tyres for $35.00 per share in cash, or $2.5B. Cooper shares surged $10.10, or 41.12%, to $34.66 to trade near $34.50 following the deal announcement, while peer Goodyear Tire (GT) advanced about 33c, or 2.26%, to $14.93... Live Nation (LYV) shares gained $2.33, or 16.84%, to $16.17 after the company announced it prevailed in an arbitration ruling related to a ticketing license software agreement... MAJOR MOVERS: Among the notable gainers was Ulta Salon (ULTA), up $12.51, or 14.87%, to $96.64 following its quarterly earnings report. Also higher was Health Management (HMA), up $1.58, or 11.34%, to $15.51 after Glenview Capital said in a filing it is seeking to repeal a provision that prevents entities from holding more than 15% of the company's stock and saying it would look to nominate candidates to the company's board. Among noteworthy losers was Biogen (BIIB), down $16.48, or 7.39%, to $206.55 after the stock was downgraded to Neutral from Buy at Citigroup, which cited concerns that EU medical regulators are unlikely to approve the company's multiple sclerosis treatment. Also lower were U.S.-listed shares of Vodafone (VOD), down 71c, or 2.47%, to $28.12 after the company confirmed it approached Kabel Deutschland about a possible deal. INDICES: The Dow was down 126.79, or 0.84%, to 14,995.23; the S&P 500 was down 13.61, or 0.84%, to 1,612.52; the Nasdaq was down 36.52, or 1.06%, to 3,400.43.
News For CTB;GT;LYV;ULTA;HMA;BIIB;VOD From The Last 14 Days
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December 16, 2014
10:15 EDTULTAUlta Salon upgraded to Outperform from Market Perform at Cowen
Cowen transferred coverage on Ulta Salon with an Outperform rating from a Market Perform rating.
07:02 EDTVODVodafone to use loan to buy $750M of BlackBerry offerings, Globe and Mail says
Canada has agreed to lend $850M to Vodafone (VOD), which will use $750M of the funds to buy products and services from BlackBerry (BBRY), according to Globe and Mail. Reference Link
December 15, 2014
15:09 EDTLYVLive Nation management to meet with Evercore ISI
Meeting to be held in San Francisco on December 16 hosted by Evercore ISI.
December 12, 2014
08:13 EDTULTAUlta Salon management tone underscores strong trends, says RW Baird
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08:01 EDTBIIBPiper predicts two large-cap biotechs could be acquired in 2015
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December 11, 2014
10:24 EDTULTAOptions with decreasing implied volatility
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10:13 EDTULTAOn The Fly: Analyst Initiation Summary
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07:52 EDTULTAUlta Salon initiated with an Outperform at Raymond James
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December 10, 2014
10:20 EDTULTAOptions with decreasing implied volatility
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December 9, 2014
12:22 EDTBIIBPiper Jaffray biopharm analyst holds an analyst/industry conference call
Senior Research Analyst Schimmer, along with Biopharmaceuticals Analyst Breazzano, discuss gene therapy for hemophilia on an Analyst/Industry conference call to be held on December 11 at 10 am.
December 8, 2014
10:20 EDTULTAOptions with decreasing implied volatility
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09:30 EDTLYVLive Nation downgraded to Neutral from Buy at Northcoast
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December 5, 2014
12:05 EDTULTAWinslow Capital reports 4.99% passive stake in Ulta Salon
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10:40 EDTULTAOptions with decreasing implied volatility
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10:00 EDTVODOn The Fly: Analyst Upgrade Summary
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09:17 EDTULTAOn The Fly: Pre-market Movers
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09:14 EDTULTAUlta Salon price target raised to $150 from $130 at Credit Suisse
Credit Suisse raised Ulta Salon's price target to $150 citing the solid Q3 beat and raise. The firm remains bullish and reiterates its Outperform rating given market share gains, comp beats, new store openings, and accelerated brand wins.
08:54 EDTULTAUlta Salon price target raised ot$135 on strong Q3 results at Morgan Stanley
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08:29 EDTULTAUlta Salon price target raised to $145 from $135 at RW Baird
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08:23 EDTCTBCooper Tire examining changes to China production strategy, FT reports
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