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Stock Market & Financial Investment News

News Breaks
February 6, 2013
16:56 EDTBIIB, CHRW, TTWO, MUSA, ELN, MSFT, SFLY, BIOL, DIS, CALX, GME, RSOn The Fly: Closing Wrap
Stocks on Wall Street were mixed as the averages moved in a tighter range than they had during the first two trading sessions of the week. A quiet economic calendar, a light news flow and modest trading volume resulted in a quieter day for the market... ECONOMIC EVENTS: In the U.S., the Department of Energy reported that crude supplies grew by 2.62M barrels, roughly in-line with forecasts. In Japan, the governor of its central bank offered to step down three weeks before the end of his term, fueling speculation that accelerated and more aggressive stimulus measures may follow and sparking a 3.8% run-up in the Nikkei average... COMPANY NEWS: Dow component Walt Disney (DIS) opened the session at all time highs after the company's quarterly results beat consensus estimates. Citigroup also raised its price target on Disney stock to $63 from $54, but shares finished off their early highs, up 23c, or 0.42%, to $54.52... Elan (ELN) shares slid $1.06, or 10.13%, to $9.40 after the company agreed to sell its 50% interest in the Tysabri multiple sclerosis drug to Biogen (BIIB) for $3.25B in cash and future royalty payments. Biogen shares rose $3.62, or 2.3%, to $160.98 following the announcement... MAJOR MOVERS: Among the notable gainers was BIOLASE (BIOL), up 55c, or 19.43%, to $3.38 after receiving FDA clearance for a soft tissue laser device. Also higher was Metals USA (MUSA), up $2.35, or 12.84%, to $20.65 after agreeing to be acquired by Reliance Steel (RS) for $20.65 per share. Reliance steel also gained $5.56, or 8.59%, to $70.25 following the news. Among those trading higher after earnings were Shutterfly (SFLY), up $6.81, or 20.27%, to $40.40 and Take-Two Interactive (TTWO), up $1.78, or 14.06%, to $14.44. Among the noteworthy losers was GameStop (GME), down $1.61, or 6.01%, to $25.20 following a report suggesting the next version of Microsoft's (MSFT) Xbox video game system will not allow used games to be resold. Among those trading lower after earnings were C.H. Robinson (CHRW), down $6.51, or 9.71%, to $60.50 and Calix (CALX), down 83c, or 9.75%, to $7.68... INDICES: The Dow was up 7.22, or 0.05%, to 13,986.52; the Nasdaq was down 3.10, or 0.10%, to 3,168.48; and the S&P 500 was up 0.83, or 0.05%, to 1,512.12.
News For DIS;ELN;BIIB;BIOL;MUSA;RS;SFLY;TTWO;GME;MSFT;CHRW;CALX From The Last 14 Days
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April 9, 2015
07:15 EDTMSFTMicrosoft May volatility elevated into Q3 and outlook
Microsoft April call option implied volatility is at 19, May is at 24; compared to its 26-week average of 20 according to Track Data, suggesting large late April price movement into the expected release of Q3 results on April 29.
April 8, 2015
20:28 EDTDISDisney pressures Apple to include more channels for web TV service, Street says
Disney (DIS) is pressuring Apple (AAPL) to include "most if not all" of its TV channels, while Apple wants to sign on for fewer channels to reduce the price of its upcoming streaming service, The Street reported earlier, citing people with knowledge of the talks. Reference Link
20:17 EDTMSFTAppeals court questions Google in patent dispute with Microsoft, Reuters says
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07:32 EDTDISIMAX and Disney renews exhibition agreement with multi-picture deal
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07:24 EDTBIIBNeurotechnology Industry Organization to hold a conference
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06:00 EDTMSFTMicrosoft expects Surface shipments to exceed 4M units in 2015, DigiTimes says
Microsoft is expected to have a chance to ship over 4M Surface tablets in 2015 due to its new Surface 3 and Surface Pro series products, reports DigiTimes. According to sources from the upstream supply chain, Microsoft is expected to unveil its next-generation Surface Pro 4 tablet and will enter mass production in June. It will be released along with Windows 10 in 2H15. Reference Link
April 7, 2015
15:53 EDTMSFTMicrosoft, Getty Images announce partnership to develop products for Bing
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15:48 EDTMSFTMicrosoft, Getty Images dismiss copyright infringement dispute, Reuters says
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07:52 EDTMSFTHP, Microsoft partnering on solutions for auto, financial services industries
HP (HPQ) announced it is partnering with Microsoft (MSFT) to deliver solutions for the automotive, public sector and financial services industries to help organizations deliver differentiated products and create new revenue through mobile, web and social channels. HP and Microsoft are building a portfolio of business process accelerators and are delivering them as Business Process as-a-Service solutions, HP stated. HP Business Process as-a-Service solutions for Microsoft Dynamics services are available immediately worldwide. Reference Link
07:31 EDTBIIBBiogen to present data on neurological disease therapies at AAN meeting
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07:14 EDTBIIBEyeforpharma to hold a summit
Philadelphia 2015 Commercial Pharma Summit is being held in Philadelphia on April 7-8.
06:25 EDTMSFTMicrosoft close to have alternative to Apple Pay, Business Insider reports
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05:10 EDTDISDisney, Lucasfilm, 20th Century Fox announce Star Wars digital movie collection
As anticipation builds for the December release of Star Wars: The Force Awakens, Walt Disney Studios (DIS), Lucasfilm Ltd., and 20th Century Fox (FOX, FOXA) announced the upcoming release of The Star Wars Digital Movie Collection. For the first time ever, all six epic films in the Saga, from The Phantom Menace to Return of the Jedi, will be available on Digital HD globally beginning Friday, April 10.
April 6, 2015
10:02 EDTMSFTOn The Fly: Analyst Upgrade Summary
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07:45 EDTMSFTMicrosoft upgraded at Wells Fargo
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07:34 EDTMSFTWells Fargo upgrades Microsoft on improved strategic position
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06:31 EDTMSFTMicrosoft upgraded to Outperform from Market Perform at Wells Fargo
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06:28 EDTMSFTMicrosoft completes latest round of layoffs, Business Insider reports
Microsoft has completed its latest round of layoffs in a move to "remove role overlap, optimize activities and functions, align disciplines with the rest of Microsoft, and, perhaps most importantly, reshape IT for the skills we need to transform," Business Insider reports, citing an email from Chief Information Officer Jim DuBois. A company spokesperson commented that the company believes this will be the "last of the anticipated broad cuts as part of the restructuring plan announced last July." Though it is unclear how many employees were laid off in this round, affected workers are coming from Microsoft's divisions and not focused on former Nokia employees. Reference Link
April 5, 2015
18:34 EDTDISComcast's 'Furious 7' leads at weekend box office with $143.6M
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16:37 EDTDISDisney to invest $250M in fantasy site DraftKings, WSJ says
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