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News Breaks | | | | March 12, 2012 | | 12:08 EDT |  | ZOLL, RENN, MTU, DANG, XOM, PCBC, KUTV, TZYM, DIS, YOKU, TUDO | On The Fly: Mid-Day Wrap
Stocks on Wall Street were mixed at mid-day, with the Dow higher and the Nasdaq lower, but neither by a wide margin. The Dow is being led by the shares of Exxon Mobil (XOM), which are up more than 1.3% despite oil being down more than $1.00 a barrel. The averages have moved in a narrow range in a low-volatility, low-volume session. Investors are looking to tomorrow's FOMC meeting for clues as to any change in the Fed's strategy... ECONOMIC EVENTS: In the U.S., the economic calendar was light today, but will be heavier the rest of the week, with reports due on retail sales, consumer sentiment and small business optimism along with a rate meeting for the FOMC. With little domestic data, investors focused on international news, most notably China's February trade deficit of $31.5B, which was its largest in over 20 years... MARKET NEWS: Disney's (DIS) expensive sci-fi film "John Carter" opened to disappointing domestic grosses, as widely expected... Tudou Holdings (TUDO) jumped almost 150% following its acquisition by Youku.com (YOKU), which also saw its shares rise about 18%. Other Chinese media and tech names also traded higher following the news, with Renren (RENN), Ku6 Media (KUTV), and Dangdang (DANG) among those advancing... MAJOR MOVERS: Among the notable gainers were ZOLL Medical (ZOLL), after agreeing to a $93 per share buyout offer from Asahi Kasei, and Pacific Capital Bancorp (PCBC), which agreed to be acquired for $46 per share by UnionBanCal, a subsidiary of Mitsubishi UFJ Financial (MTU). Noteworthy losers included Tranzyme (TZYM), after saying a Phase 3 trial of one of its drugs failed to meet its endpoints, and Anthera Pharmaceuticals (ANTH), following downgrades at Citigroup and Cowen after one of its trials was halted due to the lack of the drug's efficacy... INDICES: Near noon, the Dow was up 14.15, or 0.11%, to 12,936.17; the Nasdaq was down 11.15, or 0.37%, to 2,977.19; and the S&P 500 was down 3.34, or 0.24%, to 1,367.53. | |
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News For DIS;TUDO;YOKU;RENN;KUTV;DANG;ZOLL;PCBC;MTU;TZYM;XOM From The Last 14 Days Check below for free stories on DIS;TUDO;YOKU;RENN;KUTV;DANG;ZOLL;PCBC;MTU;TZYM;XOM the last two weeks. |
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| May 19, 2013 | | 16:41 EDT |  | DIS | Viacom's 'Into Darkness' tops Disney's “Iron Man 3” at box office, WSJ says
 Subscribe for More Information | | | May 17, 2013 | | 15:51 EDT | | DIS | DirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link | | | 15:26 EDT |  | DIS | DirecTV considering acquisition of Hulu, Dow Jones reports
Subscribe for More Information | | | 10:44 EDT |  | YOKU | Youku Tudou drops sharply, levels to watch
The stock is down over 6.6% at time of writing, last at $19.67. At that price, next support is at $19.39, and then at $18.91. Resistance is at $20.64. | | | 07:37 EDT |  | DANG | Dangdang price target raised to $7.50 from $5.80 at Macquarie
Subscribe for More Information | | | 06:23 EDT |  | DIS | Disney downgraded to Neutral from Overweight at Atlantic Equities
Subscribe for More Information | | | May 16, 2013 | | 13:46 EDT | | DIS | Disney's ESPN acquires rights to tennis' U.S. Open beginning 2015
Subscribe for More Information | | | 11:34 EDT |  | YOKU | Youku Tudou initiated with a Buy at BofA/Merrill
Subscribe for More Information | | | 10:03 EDT | | DANG | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Amazon.com (AMZN) initiated with a Buy at Lazard Capital... Apple (AAPL) initiated with a Neutral at Susquehanna... Churchill Downs (CHDN) initiated with a Buy at Brean Capital... Interpublic Group (IPG) initiated with an Overweight at Evercore... Monarch Casino (MCRI) initiated with a Buy at Brean Capital... Stillwater Mining (SWC) coverage resumed with an Outperform at Wells Fargo... Wabtec (WAB) initiated with an Overweight at Atlantic Equities... eBay (EBAY) initiated with a Buy at Lazard Capital... Dangdang (DANG) initiated with a Buy at BofA/Merrill... Coeur d’Alene Mines (CDE) coverage resumed with a Neutral at JPMorgan... ValueClick (VCLK) initiated with an Underperform at Northland Securities... Yelp (YELP) initiated with an Outperform at Cowen. | | | 10:03 EDT |  | YOKU | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | | 09:41 EDT | | YOKU | Youku Tudou upgraded to Overweight from Neutral at HSBC
Subscribe for More Information | | | 09:09 EDT | | YOKU | Youku Tudou price target raised to $25 from $21 at Macquarie
Subscribe for More Information | | | 09:00 EDT | | DANG | Dangdang rises 9.3%
Dangdang is up 9.3%, or 46c, to $5.40 | | | 08:17 EDT | | YOKU | Youku Tudou upgraded to Hold from Sell at Maxim
Subscribe for More Information | | | 08:01 EDT | | XOM | FMC Technologies receives subsea equpiment order from ExxonMobil
Subscribe for More Information | | | 07:32 EDT |  | DANG | Dangdang sees Q2 revenue RMB1.6B, consensus $248.13M
Subscribe for More Information | | | 07:32 EDT | | DANG | Dangdang reports Q1 adjusted EPS (15c), consensus EPS (19c)
Reports Q1 revenue $214.7M, consensus $214.44M | | | 07:29 EDT | | DANG | Dangdang initiated with a Buy at BofA/Merrill
Subscribe for More Information | | | May 15, 2013 | | 19:59 EDT | | DIS | Pay-TV operators eye Hulu, WSJ reports
At least two pay-TV operators, including Time Warner Cable (TWC), are looking at an investment in Hulu, jointly controlled by Comcast (CMCSA), Disney (DIS), and News Corp. (NWSA), reports the Wall Street Journal, citing people familiar with the matter. Reference Link | | | 17:33 EDT | | YOKU | Youku Tudou sees Q2 revenue RMB720M-RMB770M, consensus RMB666.17M
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