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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:31 EDTABB, LINE, EVEP, LNCO, DOX, NSR, FNP, SYMC, NUAN, CCJ, MEMP, HPT, CYTXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Cytori Therapeutics (CYTX) initiated with a Buy at Ascendiant Capital... Hospitality Properties (HPT) initiated with a Market Perform at JMP Securities... Memorial Production (MEMP) initiated with a Buy at Wunderlich... Roadrunner (RRTS) initiated with a Buy at Deutsche Bank... Cameco (CCJ) initiated with a Buy at Cantor... Symantec (SYMC) initiated with a Buy at B. Riley Caris... Nuance (NUAN) initiated with a Neutral at B. Riley Caris... NeuStar (NSR) initiated with a Neutral at B. Riley Caris... Fifth & Pacific (FNP) initiated with a Buy at BB&T... Amdocs (DOX) initiated with a Neutral at B. Riley Caris... EV Energy (EVEP) initiated with an Overweight at JPMorgan... LinnCo (LNCO) initiated with an Overweight at JPMorgan... LINN Energy (LINE) initiated with an Overweight at JPMorgan... ABB (ABB) initiated with an Outperform at Credit Suisse.
News For CYTX;HPT;MEMP;CCJ;NUAN;SYMC;FNP;NSR;DOX;LNCO;EVEP;LINE;ABB From The Last 14 Days
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October 10, 2014
07:21 EDTSYMCSymantec price target raised to $30 from $27 at JMP Securities
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06:48 EDTSYMCSymantec volatility low into announcing plans to separate into two companies
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October 9, 2014
16:14 EDTSYMCSymantec to resume trading at 4:20 pm ET after confirming split plans
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16:05 EDTSYMCSymantec plans to separate into two public companies
Symantec announced that its Board of Directors has unanimously approved a plan to separate the company into two, independent publicly traded companies: one business focused on security and one business focused on information management. The transaction is intended to take the form of a tax-free distribution to Symantec shareholders of 100% of the IM business in a new, independent, publicly traded stock. The expected stock distribution ratio will be determined at a future date. The company expects to complete the spinoff by the end of December 2015. The company expects to incur separation and restructuring charges through the completion of the transaction as it works to separate the two businesses. "Symantecís decision to pursue a separation follows an extensive business review of the companyís strategy and operational structure. Creating two standalone businesses will allow each entity to maximize its respective growth opportunities and drive greater shareholder value," the company stated. The security business generated revenue of $4.2B in FY14. The IM business generated revenue of $2.5B in FY14. Michael Brown will be the President and CEO of Symantec and Thomas Seifert will continue to serve as CFO. John Gannon will be General Manager of the new information management business and Don Rath will be its acting CFO.
16:03 EDTSYMCSymantec affirms Q2 guidance provided in August
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16:01 EDTSYMCSymantec plans to separate into two public companies
16:00 EDTSYMCSymantec trading halted, pending news
08:14 EDTCCJCameco reports first uranium concentrate from Cigar Lake ore
Cameco (CCJ) announced last night that the McClean Lake mill has started producing uranium concentrate from ore mined at the Cigar Lake operation in northern Saskatchewan. The Cigar Lake mine is 50.025% owned by Cameco, while AREVA Resources Canada has a 37.1% stake, Idemitsu Canada Resources has a 7.875% stake and TEPCO Resources a 5.0% stake. The mine is operated by Cameco. The McClean Lake mill is owned by AREVA Resources Canada, with 70%, Denison Mines (DNN), with 22.5%, and OURD Canada, with 7.5%, and is operated by AREVA.
06:40 EDTSYMCSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
October 8, 2014
18:31 EDTNUANOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ruby Tuesday (RT), up 19.6%... Exar (EXAR), up 13.7% after reporting second quarter revenue guidance... Alcoa (AA), up 2.2%. ALSO HIGHER: Nuance (NUAN), up 2.5% following rumors that Carl Icahn will recommend that Apple (AAPL) buy the company... GrubHub (GRUB), up just under 1% after being initiated with a Buy at CRT Capital. DOWN AFTER EARNINGS: Kofax (KFX), down 20.1% after reporting first quarter revenue and fiscal 2015 revenue guidance below analyst estimates... ARC Group (ARCW), down 17%... E2open (EOPN), down 8.9%. ALSO LOWER: Gap (GPS), down 7.6% following September same store sales data and CEO transition... AMD (AMD), down 7% after announcing CEO transition.
16:26 EDTNUANOn The Fly: Closing Wrap
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15:12 EDTNUANNuance October calls active amid speculation Icahn speculation
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15:05 EDTNUANRumor: Nuance moves off lows amid Icahn speculation
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11:10 EDTLNCO, LINEOptions with increasing implied volatility
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09:20 EDTSYMCOn The Fly: Pre-market Movers
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08:04 EDTCYTXCytori Therapeutics raises $13.5M in a registered direct offering
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07:27 EDTSYMCSymantec volatility flat, in advanced talks to split company in two, report
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05:46 EDTSYMCSymantec in advanced talks to split company in two, Bloomberg reports
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October 7, 2014
05:25 EDTCCJCameco reports McArthur River, Key Lake workers accept contract offer
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October 6, 2014
06:27 EDTSYMCJPMorgan hackers hit about nine other firms, NY Times says
The group of hackers that infiltrated JPMorgan (JPM) also penetrated about nine other financial institutions, according to The New York Times. Washington intelligence officials and policy makers are much more concerned about the attacks than they have disclosed, the newspaper added. Other publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
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