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Stock Market & Financial Investment News

News Breaks
February 6, 2013
16:56 EDTCHRW, TTWO, MUSA, ELN, MSFT, SFLY, BIOL, DIS, CALX, GME, RS, BIIBOn 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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March 20, 2015
05:37 EDTBIIBBiogen presents positive interim results from study of aducanumab
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March 19, 2015
13:07 EDTBIIBBiogen volatility elevated into Alzheimer's data
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12:06 EDTMSFTMicrosoft, Fuji Xerox announce patent agreement
Fuji Xerox and Microsoft (MSFT) announced a broad patent cross-licensing agreement. Building on a 2007 cross-licensing pact, the agreement ensures that Microsoft and Fuji Xerox continue to benefit from access to each otherís patent portfolios and accelerate research and development, the companies said. Fuji Xerox is a 75-25 joint venture between FUJIFILM (FUJIY) and Xerox Corporation (XRX).
08:43 EDTGMEGameStop March weekly volatility elevated into Q4 and outlook
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07:12 EDTBIIBBiogen price target raised to $500 from $400 at Credit Suisse
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07:04 EDTDISAmerican Express confirms plans to launch Plenti loyalty program
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05:50 EDTMSFTMicrosoft, BlackBerry raises cooperation for software products, DigiTimes says
Microsoft and Blackberry have been increasing their cooperation with other companies to promote sales of software platforms and related services, reports DigiTimes. According to industry sources, the new eefforts come after their global smartphone market edge dropped 2.8% and 0.6%, respectively. Reference Link
March 18, 2015
12:48 EDTBIIBFly Watch: Biogen predicted to report strong Alzheimer's data this Friday
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10:01 EDTMSFTPolycom and Microsoft announces new series of video collaboration solutions
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10:00 EDTSFLYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Columbia Pipeline (CPPL) initiated with a Buy at Citigroup... DBV Technologies (DBVT) initiated with a Buy at H.C. Wainwright... Genocea (GNCA) initiated with an Overweight at Piper Jaffray... NiSource (NI) initiated with a Neutral at JPMorgan... On Deck Capital (ONDK) initiated with a Sell at Compass Point... Rexel (RXEEY) initiated with an Overweight at Barclays... Shutterfly (SFLY) initiated with a Buy at Axiom... Virgin America (VA) initiated with an Underperform at Credit Suisse.
09:23 EDTDISVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
09:03 EDTMSFTMicrosoft price target lowered to $46 on rising headwinds at Morgan Stanley
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07:54 EDTDISComcast may be forced to put content on Apple TV, NY Post says
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07:34 EDTBIIBBiogen should report strong Alzheimer's data, says RBC Capital
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07:03 EDTMSFTSonus transitions enterprises to Microsoft Skype for business
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06:32 EDTSFLYShutterfly initiated with a Buy at Axiom
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06:16 EDTDISAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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05:23 EDTMSFTQihoo 360 announces partnership with Microsoft
Qihu 360 (QIHU) announced a partnership with Microsoft (MSFT) to bring Windows 10, for free, to its customers in China through seamless upgrades. Qihu 360 will enable the Windows 10 upgrade with just a few clicks for their customers with accelerated download speeds. As a result, millions of Qihu 360 users will be able to upgrade to Windows 10 quickly and easily.
05:22 EDTMSFTMicrosoft announces strategic partnership with Tencent
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05:21 EDTMSFTMicrosoft announces Windows 10 to launch this Summer in 190 countries
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