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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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November 26, 2014
08:55 EDTULTAUlta Salon volatility elevated into Q3 and outlook
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November 25, 2014
11:08 EDTBIIBBiogen to add PML info on Tecfidera label after patient dies
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11:04 EDTBIIBFDA says Biogen adding PML information on Tecfidera label
07:42 EDTCTB, GTGoodyear may benefit in 2015 from Chinese tire duties, says Deutsche Bank
After the Department of Commerce assigned a higher than expected preliminary subsidy rate of 15.69% to tires exported from China, Deutsche Bank noted that additional tariffs on Chinese tires would likely have a significant impact on the U.S. tire market and be positive for companies like Goodyear (GT). Cooper Tire (CTB) is another publicly traded U.S. tire company. The firm notes that the ITC is scheduled to release the more significant preliminary ruling on whether Chinese tire makers dumped tires into the U.S. market around January 20, which could result in tariffs that would likely be significantly higher than the countervailing duty. Deutsche has a Hold rating and $29 price target on Goodyear.
05:51 EDTGTStocks with implied volatility movement; GT LOCO
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November 24, 2014
10:00 EDTULTAOn The Fly: Analyst Downgrade Summary
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07:59 EDTBIIBBiogen resumed with an Outperform at Leerink
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06:33 EDTULTAUlta Salon downgraded to Neutral from Buy at Goldman
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November 20, 2014
06:40 EDTVODVodafone would be open to selling more non-core assets, Reuters reports
Vodafone CEO Vittorio Colao says the company would be willing to selling off non-core assets if it received the "right" offer, Reuters reports, citing comments made at the Morgan Stanley Technology, Media and Telecoms Conference in Barcelona. Non-core assets could include interests in Hungary, Australia and the Czech Republic, Colao says. Reference Link
06:14 EDTVODVodafone may be 'forced' to bid for TV rights, FT reports
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November 19, 2014
10:14 EDTULTAUlta Salon's Q3 traffic trends strong, says ITG Research
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10:00 EDTCTBOn The Fly: Analyst Initiation Summary
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07:52 EDTBIIBInforma Business Information to hold a conference
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07:21 EDTBIIBBiogen price target lowered to $400 from $425 at Credit Suisse
Credit Suisse lowered Biogen's price target to $400 from $425 based on Gilenya PPMS risk but retains its Outperform rating based on the quality of earnings growth and pipeline.
06:16 EDTCTBCooper Tire initiated with an Outperform at FBR Capital
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November 14, 2014
07:32 EDTVODHayman Capital gives quarterly update on stakes
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November 13, 2014
10:42 EDTBIIBSummer Street chief scientific officer holds an analyst/industry conference call
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