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News Breaks | | | | December 4, 2012 | | 12:08 EDT |  | UEPS, SINA, DRI, MSPD, BIDU, PBY, GERN, YOKU, BIG, GALE | On The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday in a lackluster trading session, with the Dow the leader and the Nasdaq the laggard. In the latest chapter of the unfolding fiscal cliff drama, President Obama’s administration rejected a Republican plan that did not include higher tax rates for wealthy Americans. The next batch of cliff headlines may come from an interview that President Obama has scheduled for this afternoon on Bloomberg Television... ECONOMIC EVENTS: No major economic data was released in the U.S. Internationally, the Reserve Bank of Australia cut its key benchmark interest rate to 3.00% from 3.25%, as expected, and the Bank of Canada maintained its target for its overnight rate at 1%... COMPANY NEWS: Darden Restaurants (DRI), the parent company of Olive Garden, Red Lobster and LongHorn Steakhouse, warned its profit for the current quarter and the year may fall well short of analyst expectations. The company, whose shares tumbled nearly 10% after the outlook announcement, blamed failed promotions and negative press on its tests to limit rising health care costs for its under performance... Among companies reporting quarterly results, Big Lots (BIG) advanced 9.7% while Pep Boys (PBY) declined 13.7%... A number of U.S.-listed Chinese companies traded lower after the SEC charged the Chinese subsidiaries of the four major U.S. accounting firms with refusing to cooperate in investigations of alleged accounting fraud at Chinese companies. Shares of Sina (SINA), Youku Tudou (YOKU) and Baidu (BIDU) were among those declining following the news... MAJOR MOVERS: Among the notable gainers were Galena Biopharma (GALE), up almost 10% after signing a commercialization partnership for its NeuVax drug with Teva (TEVA), and Mindspeed Technologies (MSPD), up 7% after raising its Q1 revenue view. Among the noteworthy losers was Net 1 UEPS (UEPS), which plunged 56% after disclosing the DOJ and FBI are investigating the company for potential violations of the Foreign Corrupt Practices Act. Also lower were shares of Geron (GERN), down 25% after it discontinued development of a treatment for brain cancer, announced job cuts and said its CFO is leaving the company to pursue other opportunities... INDICES: Near noon, the Dow was up 15.36, or 0.12%, to 12,980.96; the Nasdaq was down 11.77, or 0.39%, to 2,990.43; and the S&P 500 was down 1.88, or 0.13%, to 1,407.58. | |
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News For DRI;BIG;PBY;SINA;YOKU;BIDU;UEPS;GERN;MSPD;GALE From The Last 14 Days Check below for free stories on DRI;BIG;PBY;SINA;YOKU;BIDU;UEPS;GERN;MSPD;GALE the last two weeks. |
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| May 17, 2013 | | 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. | | | 10:10 EDT |  | BIDU | Baidu rumored to acquire Sohu unit Sogou, Marbridge Daily reports
Baidu (BIDU) has entered into an agreement to acquire Sohu's (SOHU) online search subsidiary Sogou for $2.0B-$2.5B, Marbridge Daily reports, citing an industry source. Note Bloomberg this morning reported that Sohu is seeking a strategic investment in its online search subsidiary. Reference Link | | | 10:02 EDT |  | BIDU | Sohu.com seeking strategic for search unit, Bloomberg reports
 Subscribe for More Information | | | 09:08 EDT |  | SINA | SINA recommended at 86 Research
Subscribe for More Information | | | 05:44 EDT | | SINA | SINA shares still undervalued on Alibaba deal, says Piper Jaffray
Subscribe for More Information | | | May 16, 2013 | | 18:56 EDT | | SINA | On The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations. | | | 17:18 EDT | | SINA | SINA trades higher after earnings beat, first look
The stock is up over 4.7% to $61.58 in the extended session. At that price, next resistance is at $62.52, and then at $63.10. Support is at $60.84. | | | 17:04 EDT |  | SINA | SINA sees Q2 revenue $143M-$147M, consensus $142.66M
Subscribe for More Information | | | 17:02 EDT | | SINA | SINA reports Q1 EPS 2c, consensus (3c)
Subscribe for More Information | | | 15:14 EDT | | SINA | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c. | | | | 11:34 EDT |  | YOKU | Youku Tudou initiated with a Buy at BofA/Merrill
Subscribe for More Information | | | 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 | | | 08:17 EDT | | YOKU | Youku Tudou upgraded to Hold from Sell at Maxim
Subscribe for More Information | | | May 15, 2013 | | 17:33 EDT | | YOKU | Youku Tudou sees Q2 revenue RMB720M-RMB770M, consensus RMB666.17M
| | | 17:32 EDT | | YOKU | Youku Tudou reports Q1 EPS (23c), may not compare to consensus ($1.39)
Subscribe for More Information | | | 15:11 EDT | | YOKU | Notable companies reporting after market close
Subscribe for More Information | | | 13:55 EDT |  | SINA | SINA May call volatility elevated at 113 into Q1 and outlook
Subscribe for More Information | | | 12:58 EDT | | SINA | China closing influential microblog accounts, The Guardian reports
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