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Stock Market & Financial Investment News

News Breaks
June 17, 2014
09:18 EDTDSW, PGEM, GALE, FST, ANFI, YGE, MDT, HIMX, NUAN, EXPE, QIWIOn The Fly: Pre-market Movers
HIGHER: Amira Nature Foods (ANFI), up 30% after Q4 results top expectations... DSW (DSW), up 2.6% after upgraded at Goldman... Yingli Green Energy (YGE), up 3.4% after reaffirming its FY14 PVmodule shipment target... Nuance (NUAN), up 3% after WSJ reported yesterday that the company is looking into potential sale, Oppenheimer estimates that Nuance could be sold for $25-$30... Medtronic (MDT), up 2.8% after upgrades at Morgan Stanley, Credit Suisse, and RBC Capital... Forest Oil (FST), up 15% after Sabine Oil & Gas denies $850M bridge financing facility was pulled... Galena (GALE), up 5% after completing enrollment in GALE-301 Phase 2a trial... Expedia (EXPE), up 2.6% following upgrade at Susquehanna. LOWER: Ply Gem (PGEM), down 5.8% after downgraded at Goldman... Himax (HIMX), down 4.4% after downgraded at UBS... QIWI (QIWI), down 3.6% after 7.973M share Secondary priced at $40.00.
News For DSW;EXPE;NUAN;HIMX;MDT;YGE;ANFI;FST;GALE;PGEM;QIWI From The Last 14 Days
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September 23, 2014
07:05 EDTMDTMedtronic will still pursue Covidien deal, says Citigroup
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05:56 EDTMDTTreasury, IRS announce plans to reduce inversion tax benefits
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September 22, 2014
12:11 EDTEXPETripAdvisor sinks after data breach at just acquired unit
Shares of TripAdvisor (TRIP) are falling after the company's Viator unit reported today that it had experienced a data breach. TripAdvisor operates websites with information about travel destinations and flights. Viator, whose acquisition by TripAdvisor closed in August, features more than 20,000 bookable tours and attractions and more than 600,000 reviews, photos, and videos submitted by travelers, TripAdvisor has stated. WHAT'S NEW: Viator stated that it was informed on September 2 that unauthorized charges had been made on a number of its customers' credit cards. The data breach that the unit experienced could affect payment card data that was used to make bookings through the unit's websites, according to Viator. Moreover, customers' email addresses and their passwords and user names for Viator may have also been compromised. About 880,000 customers may have had their payment card information compromised, while about 560,000 customers' Viator account information and e-mail addresses may have been affected, the unit reported. WHAT'S NOTABLE: The breach at Viator comes in the wake of large data breaches at a number of bellwether companies in recent months, including JPMorgan (JPM) and Home Depot (HD). Late last year tens of thousands of payment card data was stolen from Target (TGT). PRICE ACTION: In late morning trading, TripAdvisor sank 5.5% to $93. Others names in the online travel space are falling, with Priceline.com down 3% and Expedia down 2%. :the
09:32 EDTMDTMedtronic announces CE Mark, European launch for TYRX envelope
Medtronic has received CE, or Conformité Européenne, Mark for the TYRX Absorbable Antibacterial Envelope, which covers an implantable cardiac device to help stabilize the device after implantation and reduce surgical-site infections.
08:08 EDTYGEYingli Green Energy to supply 24MW of PV modules to Pavana solar power plant
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08:05 EDTPGEMFortune Brands completes sale of Simonton Windows to Ply Gem
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September 19, 2014
11:25 EDTMDTSenators bring bill requiring companies to settle before inverting
U.S. Senators Sherrod Brown and Dick Durbin announced new legislation requiring corporations to "Pay What You Owe Before You Go" – settling their U.S. tax bill before relocating to a foreign country. "Everyone knows that before you leave a restaurant you have to settle your tab," Brown said. "Corporations shouldn’t get to play by different rules. While it is critical that we reach a long-term solution that reforms our international corporate tax code by implementing a global minimum tax and reducing the statutory tax rate, this bill is an immediate, commonsense measure to ensure businesses settle up before leaving the U.S." Among the deals or possible transactions that involve inversion are Mylan's (MYL) acquisition of Abbott (ABT), Medtronic's (MDT) acquisition of Covidien (COV) and Valeant's (VRX) proposed takeover of Allergan (AGN).
09:37 EDTHIMXActive equity options trading on open
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09:18 EDTHIMXHimax price target raised to $11 from $8 at Northland
Northland believes Himax's core business is recovering quickly following the Samsung revenue decline and the potential loss of Google as a LCOS customer. The firm upped its price target for shares to $11 from $8 and keeps an Outperform rating on the stock.
06:41 EDTYGEGlobal solar cell demand in 2014 estimated at 40GWp, DigiTimes says
Taiwan-based makers expect global solar cell demand in 2014 is estimated at 40GWp, reports DigiTimes. Of that amount, 11GWp will be in China, 8GWp in Europe, 7GWp in Japan, 5GWp in US and 1.3GWp in India. According to the sources, China- and Taiwan-based makers together have a total annual capacity of 39-42GWp in 2014, enough to meet global demand. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
September 18, 2014
15:47 EDTHIMXHimax may be back in with Google, buy shares, says Northland
Northland said Google (GOOG) has finished testing the Samsung OLED displays and have determined they are not bright enough. The analyst believes Google will go back to Himax (HIMX). Google has the option to invest in HIMX by October 21, which the firm believes they will do if they go back to them for displays. Norhtland recommends buying shares aggressively into an expected strong September quarter.
15:44 EDTHIMXHimax may be back in with Google, says Northland
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12:18 EDTMDTNY AG announces national settlement with Medtronic for Medicaid violations
Attorney General Eric T. Schneiderman announced that 46 states and the District of Columbia have reach a settlement agreement with Minnesota-based company Medtronic to resolve claims under the False Claims Act that Medtronic improperly induced physicians to recommend Medtronic devices to treat cardiac rhythmic disease. New York led a national team composed of members from Oregon, Texas and California to negotiate the settlement. The federal government settled its matter in May of this year...The agreement requires Medtronic to pay the settling states $362,362, which will go to those states’ Medicaid programs. The matter was brought by a whistleblower, Adolfo Schroeder, and was filed in U.S. District Court for the Eastern District of California. The Attorney General would like to thank Mr. Schroeder for bringing this matter to the government’s attention. Under the terms of the agreement, the New York Medicaid Program will receive $67,369.31. Reference Link
07:21 EDTYGESolarbuzz: Five APAC markets to have 60% of solar PV demand, DigiTimes says
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September 17, 2014
17:21 EDTNUANNuance launches Swype on the App Store
Nuance Communications announced that its Swype keyboard is now available for iPhone, iPad and iPod touch users who have downloaded iOS 8. Swype is available for a special price of 99c from the App Store.
13:10 EDTYGEChinese solars advance after analysts upbeat on space
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09:08 EDTMDTMedtronic launches new Balloon Kyphoplasty Platform
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07:43 EDTMDTBofA/Merrill to hold a conference
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07:12 EDTYGEChecks show pick-up in China solar demand, says Deutsche Bank
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06:09 EDTMDTIntegra LifeSciences to acquire Medtronic instrumentation lines for $60M
Integra LifeSciences (IART) and Medtronic (MDT) announced an agreement in which Integra will acquire Medtronic's MicroFrance and Xomed manual ENT and laparoscopy instrumentation lines for approximately $60M in cash. Integra expects the transaction to close in Q4. Integra will acquire a portfolio of approximately 4,000 MicroFrance and Xomed manual ENT and laparoscopic surgical instruments, as well as the St. Aubin le Monial, France manufacturing facility. Sales from the products being acquired totaled approximately $30M, two-thirds of which were generated outside the U.S. Integra expects to record approximately $27M-$30M in revenue and approximately 10c of adjusted EPS in calendar 2015 from this acquisition. The earnings accretion should rise after the first year once certain sales transitions are complete. The company expects the acquisition to contribute less than $5M in revenue and be neutral to earnings in Q4. The transition and integration is expected to be completed by 2H15.
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