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Stock Market & Financial Investment News

News Breaks
May 29, 2014
08:26 EDTAPO, CZRApollo stirring up controversy by aligning with some Caesars creditors, WSJ says
Apollo Global (APO), which has a reputation for using aggressive tactics to rescue troubled deals, is causing more controversy than usual by aligning with some funds that have bought into Caesars Entertainment's (CZR) roughly $23B of debt while clashing with others, said The Wall Street Journal. Reference Link
News For CZR;APO From The Last 14 Days
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July 28, 2015
10:00 EDTCZRNevada reports June statewide gaming win down 8.4% to $830.94M
Reports June Las Vegas Strip gaming win down 16.3% to $445.51M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
July 24, 2015
15:17 EDTAPOCapital One, Apollo Global weigh final bids for GE unit, Bloomberg says
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July 22, 2015
16:27 EDTCZROn The Fly: Top stock stories for Wednesday
Stocks began the session in negative territory and remained there throughout the day. Uninspiring earnings reports from Apple (AAPL) and Microsoft (MSFT) were enough to push the Nasdaq lower and the rest of the market followed. There was good news on the housing sector, with both existing home sales and a housing market index coming in with good data, but it was not enough to overcome the tech selloff. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: Shares of Apple dropped $5.79, or 4.43%, to $124.96 after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. A number of suppliers to Apple declined in tandem with the tech giant. Skyworks Solutions (SWKS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report... Microsoft declined $1.88, or 3.97%, to $45.40 after reporting its Q4 Devices and Consumer revenue declined 13% and its Windows OEM revenue decreased 22% as revenue was impacted by PC market declines following the XP end-of-support refresh cycle. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose $5.84, or 10.14% to $63.42 after St. Jude Medical (STJ) announced an agreement to acquire the company for $63.50 per share in a transaction valued at $3.4B. Shares of St. Jude, meanwhile, edged down by 4c to $76.67. Also higher following earnings reports were shares of Intuitive Surgical (ISRG) and Chipotle Mexican Grill (CMG), advancing about 8.5% and 7.8%, respectively. Among the noteworthy losers was Caesars Entertainment (CZR), which dropped $3.26, or 40.65%, to $4.76 following reports that a judge ruled the company must face certain creditor lawsuits that could force a bankruptcy. Caesars Acquisition (CACQ) also dipped after the news, falling $1.13, or 14.52%, to $6.65. Also lower was XOMA (XOMA), which plummeted $3.46, or 78.61%, to 94c and saw downgrades at numerous research firms after the company's Phase 3 gevokizumab study did not meet its primary endpoint. INDEXES: The Dow fell 65.60, or 0.37%, to 17,853.69, the Nasdaq lost 36.35, or 0.7%, to 5,171.77, and the S&P 500 declined 5.06, or 0.24%, to 2,114.15.
15:09 EDTCZRBankruptcy judge rules Caesar's must face suits, Bloomberg reports
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14:56 EDTCZRJudge won't halt creditor lawsuits against Caesar's parent, WSJ reports
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14:51 EDTCZRCaesar's halted for circuit breaker after falling to $6.31
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14:01 EDTCZRCaesar's July weekly 7 straddle priced for 33% movement into court ruling
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14:01 EDTCZRCaesar's July weekly volatility spikes to 490 into court ruling
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12:04 EDTCZRCaesar's volatility spikes into court ruling
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July 21, 2015
16:28 EDTCZROn The Fly: Top stock stories for Tuesday
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12:21 EDTCZROn The Fly: Top stock stories at midday
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05:07 EDTCZRCaesar's, CEOC, reach agreement with group of second lien noteholders
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July 15, 2015
08:35 EDTAPOCNBC to hold a conference
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06:53 EDTAPOMcGraw-Hill Education acquires minority stake in busuu
McGraw-Hill Education has taken a EUR6M, or approx. $6.5M minority equity stake in busuu, a social network for language learning with over 55M users. The transaction includes an agreement that will give McGraw exclusive global rights to distribute busuu to B2B customers, including scohools, private language institutions and corporations. Additionally, the companies will explore adding McGraw-Hill Education's adaptive learning technology to busuu products.
July 14, 2015
14:00 EDTCZRNew Jersey reports Atlantic City gaming win down 8.2% to $216.5M in June
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12:37 EDTCZROptions with increasing volume Micron
Options with increasing volume: GGP WMC KSU A WY TCK JKS EMC DHR AMJ CZR MU

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