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Stock Market & Financial Investment News

News Breaks
March 12, 2012
12:08 EDTTZYM, ZOLL, RENN, MTU, DANG, XOM, PCBC, KUTV, DIS, YOKU, TUDOOn 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.
News For DIS;TUDO;YOKU;RENN;KUTV;DANG;ZOLL;PCBC;MTU;TZYM;XOM From The Last 14 Days
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April 9, 2014
14:42 EDTDISHSN and Disney Studios announce multi-film collaboration
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14:39 EDTDANGDangdang April calls active on share strength
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10:06 EDTXOMOn The Fly: Analyst Initiation Summary
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06:47 EDTDANGChinese most prolific users of ecommerce, China Daily reports
Chinese consumers are the most prolific online shoppers in the world, with one in seven making a purchase from the Internet every day and more than 60% buying at least one product online every week, a PricewaterhouseCoopers survey found, according to China Daily. Chinese ecommerce companies include Dangdang (DANG) and Tencent (TCEHY). Reference Link
April 8, 2014
17:43 EDTXOMExxon Mobil initiated with a Hold at Jefferies
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09:04 EDTDISAmazon Instant Video says video streams on Prime Instant Video tripled y/y
Amazon Instant Videoannounced that video streams on Prime Instant Video nearly tripled year over year. According to a report from Qwilt, which tracks growth in online video usage, Amazon (AMZN) has now passed both Apple (AAPL) and Hulu (NWSA, DIS, CMCSA) in streaming video usage.
07:25 EDTDISBook by Pixar president explains growth crisis under Disney, Bloomberg says
"Creativity, Inc," a new book by Pixar's president Ed Catmull, describes three crises the company faced after it was acquired by Disney seven years ago, according to Bloomberg, citing comments from Catmull in his book. Reference Link
06:27 EDTDISMajor movie studios file lawsuit against Megaupload, Engadget reports
The MPAA announced that major movie studios have filed a civil lawsuit against filesharing site megaupload two years after federal investigators shut down the website and filed criminal charges against its founder, reports Engadget. The lawsiut targets the site's Uploader Rewards program with the claim that the business model was "designed to encourage theft." Reference Link
April 7, 2014
09:00 EDTDANGDangdang falls 2.6%
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08:19 EDTDIS'Captain America' sequel breaks records with $96.2M debut, LA Times says
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07:45 EDTDISNoble Financial Capital Markets to hold a forum
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April 4, 2014
10:00 EDTYOKUYouku Tudou falls 6.3%
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April 3, 2014
14:59 EDTDISWalt Disney volatility low into “Captain America: The Winter Soldier”
Walt Disney April weekly call option implied volatility at 20, May is at 22, July is at 20; compared to its 26-week average of 23 according to Track Data, suggesting decreasing price movement into the release “Captain America: The Winter Soldier”.
10:00 EDTXOMOn The Fly: Analyst Initiation Summary
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07:44 EDTKUTVKu6 Media announces closing of shareholding change, change of board of directors
Ku6 Media announced that the controlling shareholder of the company, Shanda Media Group Limited, has consummated the sale of 1,938,360,784 ordinary shares of the company -- amounting to approximately 41% of the company's issued and outstanding share capital -- to Xu Xudong. The aggregate consideration for the Sale Shares was $47.35M. In connection with the closing of the Transaction, the company also announced the resignation of Bruno Wu, Tianqiao Chen, Danian Chen, Fang Du and Tuoc Luong as directors of the board and all board committee positions which they held. Mr. Xu and Li Jiangtao were appointed as directors of the board effective as of today. Mr. Xu was also appointed chairman of the board, member and chairman of the Compensation and Leadership Development Committee and member and chairman of the Corporate Development and Finance Committee, with all such appointments effective as of today.
06:39 EDTXOMExxon Mobil initiated with an Underperform at BMO Capital
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April 2, 2014
16:13 EDTXOMExxon Mobil initiated with an Outperform at Cowen
Target $111.
10:39 EDTDANGMore Taiwanese Web surfers using Chinese e-commerce sites, WantChinaTimes says
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06:40 EDTDISDisney expanded use of new high tech wristbands, NY Times says
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06:18 EDTDISHulu, Comcast expected to strike deal for past NBCU shows, WSJ reports
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