New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 26, 2015
08:06 EDTULTAUlta Salon valuation supported by continued execution, says Baird
Subscribe for More Information
07:15 EDTCTBKeyBanc to hold a conference
Subscribe for More Information
07:03 EDTVODVodafone investors would support deal with Liberty Global, Telegraph reports
Subscribe for More Information
06:57 EDTVODVodafone exploring IPO for Indian business, Bloomberg reports
Vodafone is considering an IPO for its Indian unit, a source tells Bloomberg. The source says Rothschild is set to deliver a report around August to Vodafone detailing the benefits of a possible IPO, at which time the company will decide how to proceed. Reference Link
May 22, 2015
06:53 EDTVODVodafone more likely an asset seller than buyer, says Goldman
Subscribe for More Information
May 21, 2015
10:58 EDTBIIBDeutsche Bank biotech analyst holds an analyst/industry conference call
Subscribe for More Information
09:58 EDTVODOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:58 EDTVODOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:22 EDTVODVodafone downgraded to Neutral from Outperform at Macquarie
05:49 EDTVODVodafone upgraded to Neutral from Reduce at Nomura
Nomura upgraded Vodafone (VOD) to Neutral saying the company's board should consider alternatives following Liberty Global's (LBTYA) public interest in a combination.
May 20, 2015
11:08 EDTLYVLive Nation management to meet with Jefferies
Subscribe for More Information
07:58 EDTVODVodafone volatility elevated, Liberty Global chairman talkís potential synergies
Subscribe for More Information
May 19, 2015
15:26 EDTVODLiberty Global chairman calls Vodafone 'great fit' for company, Bloomberg says
In a Bloomberg telephone interview, Liberty Global (LBTYA) chairman John Malone said he believes a combination with Vodafone (VOD) would be a "great fit" for Liberty's western European operations. "There would be very substantial synergies if we could find a way to work together or combine the companies with respect to western Europe," said Malone, who emphasized potential synergies in the U.K., Germany, and the Netherlands. "The principal barrier to us... [is that Vodafone's] philosophy is low leverage, low risk and high cash payout to their shareholders. I prefer to grow equity value," remarked Malone, cautioning that "Iím talking philosophically here... Iím not making an offer to anybody." The chairman also specified that Liberty "would buy" -- as phrased by Bloomberg -- mobile operators in countries such as the Netherlands, where its presence is sufficiently large. Reference Link
15:00 EDTVODMalone: Liberty makes 'great fit' with Vodafone in West Europe, Bloomberg says
Subscribe for More Information
05:53 EDTVODVodafone seen increasing signs of stabilization in Europe
Subscribe for More Information
05:52 EDTVODVodafone sees FY16 EBITDA GBP 11.5B- GBP 12B
Sees FY16 positive free cash flow after all CapEx, before M&A, spectrum and restructuring costs. Sees FY16 CapEx GBP 8.5B-GBP 9B. The company says it intends to grow dividends per share annually.
05:51 EDTVODVodafone reports 4G customers reach 20.2M in 18 markets
Subscribe for More Information
05:51 EDTVODVodafone reports FY15 Group revenue GBP 42.2B
Subscribe for More Information
May 18, 2015
14:39 EDTCTBCooper Tire management to meet with JPMorgan
Meetings to be held in Berwyn/Philadelphia on May 19 and in Baltimore on May 20 hosted by JPMorgan.
05:56 EDTVODStocks with implied volatility above IV index mean; VOD ALTR
Stocks with implied volatility above IV index mean; Vodafone (VOD) 24, Altera (ALTR) 73 according to iVolatility.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use