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Stock Market & Financial Investment News

News Breaks
February 6, 2013
16:56 EDTDIS, CHRW, MSFT, GME, TTWO, SFLY, RS, MUSA, BIOL, BIIB, ELN, CALXOn 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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July 14, 2014
06:05 EDTMSFTMicrosoft to expand coverage of free Windows licensing, DigiTimes reports
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July 13, 2014
15:54 EDTGMEGameStop, TJX, Staples, three other retailers look cheap, Barron's says
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11:23 EDTDISHulu and South Park announce exclusive multi-year content licensing deal
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July 11, 2014
11:57 EDTMSFTMicrosoft acquires InMage, terms not disclosed
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06:33 EDTGMEGameStop CEO says retailer won't mess with creative direction, CNet reports
GameStop CEO Paul Raines said the company will not tamper with the creative direction, reports CNet. The company, however, is in the early stages of talking with game publishers about funding exclusive game content for customers. Reference Link
July 10, 2014
10:22 EDTMSFTMicrosoft CEO prepares reshaping plans
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08:35 EDTRSBofA/Merrill steel analysts hold an analyst/industry conference call
Global Steel Analysts review market conditions in Asia, Europe and the U.S. and discuss recent price moves in iron ore, met coal and global steel on an Analyst/Industry conference call. Covered companies AKS, ATI, CLF, CMC, GGB, MTL, NUE, RS, SCHN, SID, STLD, TX and X may be discussed on the Analyst/Industry conference call to be held on July 14 at 10 am.
07:14 EDTDISAereo seeks to survive as cable system, WSJ says
Following its Supreme Court loss, Aereo is now arguing that it should be classified as a cable system and receive a compulsory license that would give it legal access to content and allow it to continue operating, reported The Wall Street Journal. Television broadcasters that own the copyrights in many of the programs that Aereo streams, including CBS (CBS), Disney (DIS), 21st Century Fox (FOXA), and Comcast (CMCSA), successfully sued the service for copyright infringement. In addition to Comcast, publicly-traded cable companies include Time Warner Cable (TWC), Cablevision (CVC), and Charter (CHTR). Reference Link
06:29 EDTMSFTMicrosoft, Vitalwerks settle lawsuit, WSJ reports
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06:26 EDTMSFTTablet quarterly shipments fall for first time to 56M on year, DigiTimes says
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06:18 EDTMSFTIDC: PC shipments in mature regions stabilizes market in Q2, DigiTimes
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July 9, 2014
11:00 EDTMSFTWells says VMware growth could slow, downgrades shares
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10:27 EDTGMEGameStop calls active on renewed takeover chatter
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10:23 EDTGMERumor: GameStop moves up on renewed takeover chatter
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10:02 EDTDISOn The Fly: Analyst Initiation Summary
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08:31 EDTMSFTVMware CEO sees EMC helping it remain independent, WSJ reports
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07:23 EDTBIIBBiogen price target raised to $375 from $325 at RBC Capital
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07:10 EDTDISDisney ceases on-demand movie sales in Japan via iTunes, Reuters says
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06:36 EDTMSFTMicrosoft warns of support deadlines for Windows 7
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06:24 EDTMSFTGoogle Cloud Storage offering 2 TB of free storage through partner, WSJ reports
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