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Stock Market & Financial Investment News

News Breaks
February 6, 2013
12:24 EDTBIIB, MUSA, CHRW, MSFT, ELN, BIOL, GME, RS, CFX, ZNGA, DIS, AFL, RL, SFLY, TWXOn The Fly: Midday Wrap
The Wall Street averages were nearly unchanged at midday in a session of relative calm and consolidation following three straight days in which the Dow experienced triple digit moves... ECONOMIC EVENTS: In the U.S. the economic calendar was light, though the Department of Energy did report 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. In Europe, German industrial orders climbed 0.8% in December as demand from the euro zone rebounded... COMPANY NEWS: Dow component Walt Disney (DIS) rose 1% after reporting quarterly earnings and revenue that beat analyst estimates. Among others reporting last night and this morning, Time Warner (TWX), Ralph Lauren (RL), Zynga (ZNGA) and Shutterfly (SFLY) advanced, while Aflac (AFL), C.H. Robinson (CHRW) and Colfax (CFX) declined... MAJOR MOVERS: Among the notable gainers were BIOLASE (BIOL), which rose 31% after receiving FDA clearance for a soft tissue laser device, and Metals USA (MUSA), which gained 13% after agreeing to be acquired by Reliance Steel (RS) for $20.65 per share. Among the noteworthy losers was Elan (ELN), which fell 9% after agreeing to sell its 50% interest in the Tysabri MS drug to Biogen (BIIB) for $3.25B in cash and future royalty payments. Also lower were shares of GameStop (GME), which slid nearly 7% following a report suggesting the next version of Microsoft's (MSFT) Xbox system will not allow used games to be resold... INDICES: Near noon, the Dow was down 2.26, or 0.02%, to 13,977.04; the Nasdaq was up 2.39, or 0.08%, to 3,173.97; and the S&P 500 was up 0.92, or 0.06%, to 1,512.21.
News For DIS;TWX;RL;ZNGA;SFLY;AFL;CHRW;CFX;BIOL;MUSA;RS;ELN;BIIB;GME;MSFT From The Last 14 Days
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April 8, 2014
12:12 EDTMSFTOn The Fly: Midday Wrap
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11:55 EDTMSFTNokia advances after securing Chinese approval for Microsoft deal
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09:09 EDTMSFTOn The Fly: Pre-market Movers
HIGHER: BioScrip (BIOS), up 6.7% after stock was named as a stock pick and a potential takeover target by Oscar Schafer while speaking on CNBC... Nokia (NOK), up 5% after deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) receives regulatory approval in China... Ctrip.com (CTRP), up 4.6% after Bloomberg said, citing sources, that the company is in talks with Baidu-controlled (BIDU) Qunar (QUNR) about a partnership or a potential merger... Plug Power (PLUG), up 4.6% after CEO discusses plan to expand fuel cells to trucks in interview... FireEye (FEYE), up 2.5% following upgrade at Wedbush... Twitter (TWTR), up 2% following initiation of coverage with a Buy rating at at Janney Capital... Nike (NKE), up 1.75% after upgraded at Stifel. LOWER: Gigamon (GIMO), down 23% after lowering revenue outlook, shares downgraded at Pacific Crest... LivePerson (LPSN), down 3% after announcing resignation of EVP, Worldside Sales, shares downgraded at Benchmark... Cisco (CSCO), down 0.5% following downgrade to Hold from Buy at Wunderlich.
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.
08:51 EDTTWXTime Warner announces proposed $1.4B financing by Time Inc
Time Warner Inc. and Time Inc. announced that, in connection with Time Warner Inc.’s previously announced intention to separate Time Inc. from Time Warner Inc., Time Inc. plans to raise an aggregate $1.4B of debt through an offering of unsecured senior notes and by entering into a secured term loan facility. Time Warner Inc. will not be a guarantor or otherwise provide credit support for the notes or the term loan facility. Time Inc. intends to use the expected net proceeds from this financing to fund the acquisition of Time Inc.’s U.K. publishing business, which is currently owned by a wholly owned subsidiary of Time Warner Inc. Time Inc. intends to use the remaining expected net proceeds from this financing to pay a special cash dividend to Time Warner Inc.
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
07:22 EDTBIIBCaSA-ISPE to hold a conference
21st Annual Lilfe Sciences Technology Conference is being held in Raleigh, North Carolina on April 8.
06:31 EDTMSFTMicrosoft, Mediatek to push Windows tablet in white-box market, DigiTimes says
Microsoft (MSFT) has been aggressively trying to persuade Mediatek to push Windows-based tablets in China's white-box market, reports DigiTimes. According to sources from the upstream supply chain, there is a high chance for a partnership, which would lead to current smartphone chip partner Qualcomm (QCOM) to face strong pressure. Reference Link
06:27 EDTDIS, TWXMajor 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
06:07 EDTMSFTMicrosoft investing in 'invisible user interface' technology, WSJ reports
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06:01 EDTMSFTMicrosoft ending support for Windows XP today, AP reports
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05:45 EDTMSFTNokia, Microsoft receive approval from China for Devices & Services transaction
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April 7, 2014
10:10 EDTMSFTAnalyst sees 'golden' opportunity after software stocks decline
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09:00 EDTMSFTMicrosoft May volatility increases; shares near 14-year high into Q3
Microsoft April weekly call option implied volatility is at 29, April is at 23, May is at 25, July is at 21; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on April 24.
08:19 EDTDIS'Captain America' sequel breaks records with $96.2M debut, LA Times says
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08:05 EDTTWXTime Warner's HBO Go again suffers connection issues, Re/code says
Just a month after Time Warner CEO Jeff Bewkes promised his pay TV channel HBO Go would be improving its technology after the season finale of “True Detective” was plagued by outages, many users tuning in for the season premiere of “Game of Thrones” received error messages, Re/code reports. Reference Link
07:45 EDTDISNoble Financial Capital Markets to hold a forum
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07:18 EDTZNGAZynga added to Best Ideas List at Wedbush
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06:41 EDTMSFTMicrosoft pushes for programming to rival Amazon, Netflix, Bloomberg says
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06:18 EDTMSFTMicrosoft starts developing 4th-generation Surface, DigiTimes reports
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