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Stock Market & Financial Investment News

News Breaks
February 5, 2013
16:49 EDTDELL, MSFT, VMED, LBTYA, YUM, CSC, ACM, BIDU, MHPOn The Fly: Closing Wrap
Stocks on Wall Street were higher as the Dow's third straight session with a triple digit move allowed it to close just shy of the 14K level, while the S&P 500 climbed back above 1,500... ECONOMIC EVENTS: In the U.S., the Institute for Supply Management's index of non-manufacturing activity dipped to 55.2 in January from 55.7 in December, but beat expectations for a reading of 55.0. In Europe, the composite euro-zone services PMI rose to 48.6 in January from a 48.3 reading in the prior month. In China, HSBC's services PMI jumped to 54.0 in January from 51.7 the month before... COMPANY NEWS: Dell's (DELL) expected "go private" deal was officially announced, as private equity firm Silver Lake and Michael Dell agreed to buy the company for $13.65 in cash, or about $24.4B. As had been speculated, the financing for the deal includes a $2B loan from Microsoft (MSFT). Dell shares, which had risen about 22% over the last month amidst the going private chatter, gained 15c, or 1.13%, to $13.42... Virgin Media (VMED) rose $6.92, or 17.89%, to $45.61 after confirming that it is in discussions with Liberty Global (LBTYA) concerning a possible transaction. CNBC's David Faber reported late in the afternoon that the boards of both companies voted to approve a cash and stock deal that will see Liberty Global take over Virgin Media. Liberty shares lost $1.58, or 2.27%, to $67.88... Yum! Brands (YUM) reported earnings after yesterday's close that were in-line with expectations, but the company reported same-store-sales in China fell 6% in Q4. Shares of Yum! Brands were downgraded at RW Baird and Goldman and slid $1.86, or 2.91%, to $62.08... MAJOR MOVERS: Among the notable gainers was Computer Sciences (CSC), up $3.84, or 9.16%, to $45.75, and AECOM Technology (ACM), up $1.95, or 7.7%, to $27.26 after both companies reported earnings that beat estimates. Among the notable losers was McGraw-Hill (MHP), which followed yesterday's slide with another loss of $5.38, or 10.7%, to close at $44.92 after the DOJ confirmed it is suing Standard & Poor's for alleged fraud in rating mortgage-based securities. Also lower was Baidu (BIDU), which fell $10.83, or 10.1%, to $96.37 after its Q4 report, as shares were downgraded by Stifel Nicolaus and Raymond James with both firms citing increased margin pressure... INDICES: The Dow was up 99.22, or 0.71%, to 13,979.30; the Nasdaq was up 40.41, or 1.29%, to 3,171.58; and the S&P 500 was up 15.58, or 1.04%, to 1,511.29.
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September 8, 2014
06:21 EDTMSFTSmartwatch market to reach $10B by 2018, says Citigroup
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06:08 EDTMSFTMicrosoft gives MSN.com a facelift, Re/code reports
Microsoft has given MSN.com a major facelift a year after MSN was merged with Bing Apps, Re/code reports. The updated MSN will still feature news, sports and cars, but will also include interactive content involving food and fitness. MSN is expected to be fully rolled out by the end of the month, and optimized MSN apps for iOS and Android could be released by the end of hte year. Reference Link
September 5, 2014
09:35 EDTBIDUActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA YHOO WFM SLW ABX GOOG FB BIDU
07:47 EDTBIDUNew foreign content limits placed on Chinese video sites, Marbridge Daily says
China's General Administration of Press and Publication, Radio, Film and Television issued new regulations requiring online video sites to apply for licenses for each foreign produced program they carry and limiting the percentage of licensed foreign content compared to domestic content, said Marbridge Daily, citing Sina Tech. Operators of Internet television services in China include Youku Tudou (YOKU), YOU On Demand (YOD), Ku6 Media (KUTV), Phoenix New Media (FENG), and Baidu's (BIDU) IQiyi. Reference Link
06:33 EDTMSFTMicrosoft, competitors aim to halt Google EU agreement, Reuters says
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September 4, 2014
13:56 EDTMSFTGetty Images files lawsuit against Microsoft over photo tool, Reuters reports
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11:19 EDTYUMYum! shares pull back as company cuts Q3 China SSS view
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09:35 EDTBIDUActive equity options trading on open
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09:06 EDTYUMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PVH Corp. (PVH), up 9%... Verifone (PAY), up 3.8%... Methode Electronics (MEI), up 13%... Bazaarvoice (BV), up 9%. ALSO HIGHER: Bolt Technology (BOLT), up 35.7% after Teledyne (TDY) agrees to acquire the company for $22 per share in cash... Mitek Systems (MITK), up 58% after USAA lawsuit settlement... Tibco Software (TIBX), up 7% after announcing that it is reviewing strategic alternatives... Stereotaxis (STXS), up 22% after receiving FDA clearance for Vdrive with V-Loop system... NewLink (NLNK), up 3.4% after reporting FDA approval for Phase 1 clinical studies of Ebola vaccine. DOWN AFTER EARNINGS: Ciena (CIEN), down 3%... Joy Global (JOY), down 1%... Matrix Service (MTRX), down 11%... Mobileye (MBLY), down 1.3%. ALSO LOWER: Yum! Brands (YUM), down 2.8% after updating third quarter China division same-store sales guidance... 3D Systems (DDD), down 2.9% after downgraded at Pacific Crest... GoPro (GPRO), down 3.5% after downgraded at JPMorgan... Shanda Games (GAME), down 4% after announcing reconstitution of special committee.
08:59 EDTYUMYum! Brands risk/reward favorable at prospective levels, says RW Baird
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08:07 EDTYUMYum! Brands volatility expected to move on Q3 China division sales guidance
Yum! Brands volatility is expected to move after updating Q3 China division sales guidance. Overall option implied volatility of 18 is below its 26-week average of 23 according to Track Data, suggesting decreasing price movement.
08:01 EDTYUMYum! Brands consensus estimates still need to come down, says Morgan Stanley
Morgan Stanley said Yum! Brands pre-released China Q3 same-store-sale estimate of (13%) was well below consensus of +80bps. The firm said the news should not be a surprise given recent supplier issues but consensus estimates still remain too high and will need to come down. The analyst remains below consensus and sees no specific catalysts insight. Shares are Equal Weight rated.
07:56 EDTYUMYum! Brands price target lowered to $85 from $90 at UBS
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06:30 EDTMSFTIDC: Phablet shipments to pass PCs in 2014, tablets in 2015, DigiTimes reports
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September 3, 2014
18:39 EDTYUMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Bazaarvoice (BV), up 8%... PVH Corp. (PVH), consensus 5.4%... Iteris (ITI), up 9.1%... H&R Block (HRB), up 1.5%. ALSO HIGHER: Bolt Technology (BOLT), up 34.8% following news that it will be acquired by Teledyne (TDY)... Tibco Software (TIBX), up 10% after announcing that it is reviewing strategic alternatives... Morgans Hotel (MHGC), up 5.1% after commenting on ongoing review of strategic alternatives. DOWN AFTER EARNINGS: Shoe Carnival (SCVL), down 7 .7%... AeroVironment (AVAV), down 5.9%. ALSO LOWER: Yum! Brands (YUM), down 3.9% after updating third quarter China division Same Store Sales guidance... Northstar Realty (NRF), down 2.3% after filing to sell 45M shares with a forward component.
17:50 EDTYUMYum! Brands drops after hours on China SSS Q3 update
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17:46 EDTYUMYum! Brands sees China division SSS for Q3 down 13% vs. prior year
Yum! Brands made the following statement in a regulatory filing: "Since July 21st, Yum! Brandsí China division has experienced a significant, negative impact to sales at both KFC and Pizza Hut following adverse publicity regarding improper food handling practices by former supplier, Shanghai Husi, a division of OSI. As such, China division same-store sales for the third quarter ended August 31st are now estimated to be approximately -13% versus prior year. While sales are beginning to rebound, they continue to be negative. Our brands have proven resilient over time and we expect this to be the case with this situation as well. As previously reported, we will provide updated guidance on our expected full-year EPS growth on our third-quarter earnings call. The company plans to vigorously pursue legal action against OSI and Husi to recover damages from the incident."
12:19 EDTYUMOptions with increasing implied volatility
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09:36 EDTBIDUActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR PBR C GILD NFLX FB BIDU
05:22 EDTBIDUBaidu invests $10M in IndoorAtlas
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