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Stock Market & Financial Investment News

News Breaks
June 12, 2013
16:20 EDTCTB, GT, LYV, ULTA, HMA, BIIB, VODOn 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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October 2, 2014
09:04 EDTBIIBDeutsche Bank biotech analyst holds an analyst/industry conference call
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October 1, 2014
07:39 EDTBIIBBiogen reinstated with a Neutral at BofA/Merrill
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September 30, 2014
12:01 EDTLYVTicketmaster expands presence to 19 countries with launch of Ticketmaster Qatar
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September 29, 2014
07:26 EDTBIIBInforma Business Information to hold a conference
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September 23, 2014
12:19 EDTVODAT&T, Vodafone 'laying groundwork' for deal, BSN reports
Vodafone (VOD) and AT&T (T) are "laying the groundwork" for a possible acquisition, merger or partnership deal, according to Bright Side of News, citing sources close to both companies. Shares of Vodafone have moved out of negative territory and are up 0.5% following the report. Reference Link
September 22, 2014
07:21 EDTBIIBEBD Group to hold a conference
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September 19, 2014
12:37 EDTVODVodafone buys 140 Phones4u stores, hires former employees, TheNextWeb says
Vodafone has bought 140 stores left behind by UK mobile phone retailer Phones4u and expects to hire 900 former Phones4U employees, reports TheNextWeb. The company said in a statement, that it will start engaging with these employees and begin rebranding the stores as soon as possible. Reference Link
September 18, 2014
10:27 EDTULTAOptions with decreasing implied volatility
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