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News Breaks | | | | February 6, 2013 | | 12:24 EDT |  | MSFT, GME, BIIB, ELN, RS, MUSA, BIOL, CFX, CHRW, AFL, SFLY, ZNGA, RL, TWX, DIS | On 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. | |
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News For DIS;TWX;RL;ZNGA;SFLY;AFL;CHRW;CFX;BIOL;MUSA;RS;ELN;BIIB;GME;MSFT From The Last 14 Days Check below for free stories on DIS;TWX;RL;ZNGA;SFLY;AFL;CHRW;CFX;BIOL;MUSA;RS;ELN;BIIB;GME;MSFT the last two weeks. |
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| May 24, 2013 | | 15:07 EDT |  | DIS | Yahoo submits bid for Hulu, AllThingsD reports
 Subscribe for More Information | | | 14:07 EDT | | MSFT, GME | Market poised to end week lower following Fed, China data
Subscribe for More Information | | | 13:19 EDT |  | DIS | KKR, Silver Lake to join bidding for Hulu video service, Bloomberg reports
| | | 12:27 EDT | | MSFT | Microsoft to look to sell 25M additional Xbox 360s, The Verge reports
Subscribe for More Information | | | 11:31 EDT |  | GME | Stocks with call strike movement; FSLR GME
Subscribe for More Information | | | 08:56 EDT | | MSFT, GME | Microsoft to receive percentage cut of Xbox One pre-owned sales, MCV says
Subscribe for More Information | | | 07:20 EDT |  | BIIB | Celgene, Gilead, and Biogen could go much higher, says Bernstein
Subscribe for More Information | | | 07:11 EDT | | DIS | Hulu attracts several bidders, Reuters reports
Subscribe for More Information | | | 06:15 EDT | | RL | Ralph Lauren pullback a buying opportunity, says Citigroup
Citigroup views the pullback in shares of Ralph Lauren following the company's weaker than expected FY14 guidance as a buying opportunity. Citi says its long-term thesis remains intact and raised its price target for shares to $209 from $204 while keeping a Buy rating on the stock. | | | 06:10 EDT | | DIS | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | | May 23, 2013 | | 17:54 EDT | | MSFT | Google loses bid to block imports of Xbox One, Bloomberg says
The ITC ruled that Microsoft's (MSFT) new Xbox One does not infringe patents held by Google's (GOOG) Motorola Mobility unit, preventing Google from getting imports of Xbox One to the U.S. blocked, reports Bloomberg. Reference Link | | | 17:11 EDT | | MSFT | Google loses bid to block U.S. imports of Microsoft's Xbox, Bloomberg reports
Subscribe for More Information | | | 16:50 EDT | | GME | GameStop CEO says digital, mobile supplementing decline in console business
Subscribe for More Information | | | 16:17 EDT | | BIOL | Brecken Capital reports 8.39% passive stake in BIOLASE
| | | 14:46 EDT | | MSFT, GME | GameStop reported solid Q1 results but uncertainty remains, says Piper Jaffray
Subscribe for More Information | | | 11:51 EDT | | MSFT, GME | GameStop says 'lots of rumors' out there about Microsoft Xbox One
GameStop says company, customers excited about Xbox One. | | | 11:41 EDT | | ELN | Elan board rejects Royalty Pharma's revised tender offer
Subscribe for More Information | | | 11:38 EDT | | GME, MSFT | GameStop sees being able to leverage buy/sell/trade model with new consoles
GameStop (GME) says in communication with Microsoft (MSFT) about how used games and resale will be handled in respect to upcoming Xbox One. | | | 11:26 EDT |  | GME | GameStop falls after results, levels to watch
Shares are down over 1.8% at time of writing to $35.58, but that is off earlier lows. At current price the stock is at the mid-point of the trading range for today. Support is at the low of the session so far at $34.80. Resistance is at the session high at $36.79. | | | 11:22 EDT | | MSFT, GME | GameStop believes next-gen consoles will have lower price points than last cycle
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