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Stock Market & Financial Investment News

News Breaks
May 19, 2014
09:15 EDTDTV, T, DISH, CPB, ITMN, GOGO, ABT, CGENOn The Fly: Pre-market Movers
HIGHER: InterMune (ITMN), up 5.8% after reporting results from Phase 3 ASCEND study evaluating pirfenidone, shares upgraded to Outperform at Leerink... Gogo (GOGO), up 3.8% after upgraded at UBS... Abbott (ABT), up 1.4% after upgraded at Credit Suisse citing higher growth assumptions with the acquisition of CFR Pharmaceuticals... Compugen (CGEN), up 2.4% after quarterly losses not as steep as expected. LOWER: AT&T (T), down 2.7% after acquiring DirecTV (DTV) in a stock-and-cash transaction for $95 per share. DirecTV sahres are down 1.9% following the announcement, which shares of its nearest competitor DISH Network (DISH) are also down about 1.8%... Campbell Soup (CPB), down 5% after revenues miss expectations, saying its sees fiscal year profit at low end of prior view... Genworth (GNW), down 2.2% after downgraded at Morgan Stanley.
News For DTV;T;DISH;CPB;ITMN;GOGO;ABT;CGEN From The Last 14 Days
Check below for free stories on DTV;T;DISH;CPB;ITMN;GOGO;ABT;CGEN the last two weeks.
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August 25, 2014
07:10 EDTCGENCompugen appoints Krashin CFO
Compugen (CGEN) announced the appointment of Ari Krashin as CFO, effective as of September 9. Krashin previously served as CFO of Gilat Satellite (GILT).
06:39 EDTITMNInterMune downgraded to Hold from Buy at Stifel
Roche (RHHBY) is buying InterMune (ITMN) in a deal valued at $8.3B, or $74 per a share.
August 24, 2014
20:27 EDTITMNRoche drops pursuit for remainder of Japan's Chugai, Bloomberg says
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13:41 EDTITMNRoche to acquire InterMune for $74.00 per share
Roche (RHHBY) and InterMune (ITMN) announced they have entered into a definitive merger agreement for Roche to fully acquire InterMune at a price of $74.00 per share in an all-cash transaction. This corresponds to a total transaction value of $8.3B on a fully diluted basis. This offer represents a premium of 38% to InterMune's closing price on August 22 and a premium of 63% to InterMune's unaffected closing price on August 12. The merger agreement has been approved by the boards of InterMune and Roche. Under the terms of the merger agreement, Roche will commence a tender offer no later than August 29 to acquire all outstanding shares of InterMune common stock, and InterMune will file a recommendation statement containing the unanimous recommendation of the InterMune board that InterMune's shareholders tender their shares to Roche. The transaction is expected to be neutral to core earnings per share in 2015 and accretive from 2016 onwards. The acquisition of InterMune, a Brisbane, California based biotechnology company focused on the research, development and commercialization of innovative therapies in pulmonology and fibrotic diseases, will allow Roche to broaden and strengthen its respiratory portfolio globally. Roche plans a smooth transition of InterMune employees and operations into the Roche organization, ensuring readiness for an expected launch of pirfenidone in the US in 2014. The closing of the transaction is expected to take place in 2014.
August 22, 2014
10:15 EDTTVodafone rallies amid reports of AT&T takeover bid, FT says
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07:11 EDTTAT&T may mount bid GBP3 per share bid for Vodafone, Daily Mail reports
AT&T (T) is working on a cash bid worth over GBP3 per share for Vodafone (VOD), according to the Daily Mail. The publication says China Mobile (CHL) may be interested in taking a stake in Vodafone of up to 20%. Reference Link
07:06 EDTDISHDISH CFO Robert Olson to retire on October 15
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05:28 EDTDISHSoftbank capital raise could be used for acquisitions, Bloomberg says
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August 21, 2014
14:11 EDTGOGOGogo advances after blog discusses takeover speculation
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13:44 EDTGOGOVerizon could be interested in Gogo spectrum, says Wells Fargo
Wells Fargo notes trade publication Runway Girl Network posted an article about Verizon's (VZ) potential interest in Gogo. Wells calls the article's argument that aviation broadband is an extension of terrestrial broadband and could be complement Verizon's wireless service "logical," and says Verizon could also be interested in Gogo's spectrum. Wells sees compelling arguments against Verizon being interested in Gogo, but notes that at current valuations, Verizon could acquire Gogo close to the value of the underlying spectrum and get the business for free, which the firm says "isn't a bad trade." Wells has a Market Perform rating on Gogo.
13:16 EDTTT-Mobile offers free data to users who recruit new customers to its network
T-Mobile (TMUS) is offering its current Simple Choice customers a free unlimited LTE data plan upgrade for a full year when they recruit a Sprint (S), Verizon (VZ), or AT&T (T) customer to its network. The new referred customer will also receive a full year of unlimited LTE data for free as well. If a Simple Choice customer who recruits a new user to T-Mobile's network already has an unlimited LTE data plan, they will receive a $10 credit each month for twelve months. The referral plan starts August 29. Reference Link
11:49 EDTTSprint announces $60 per month unlimited wireless plan
Sprint (S) announces an unlimited wireless plan for $60. The plan provides consumers unlimited talk, text and data while on Sprint's network for $60 per month, a $20 savings compared to T-Mobile's (TMUS) $80 per month unlimited plan, the wireless carrier said. The Sprint $60 Unlimited Plan is available to both new and existing Sprint customers starting tomorrow, August 22. To qualify for the plan, customers must purchase their device through Sprint Easy Pay, pay full retail price or bring their own compatible device.
10:14 EDTITMNOn The Fly: Analyst Downgrade Summary
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09:36 EDTGOGOGogo strength attributed to takeover speculation in blog post
The early move higher in shares of Gogo (GOGO) is being attributed to a blog post from Runway Girl Network. The post stated, "Wall Street is now buzzing that Verizon might be studying a potential joint venture, acquisition or partnership with Row 44 competitor, Gogo." Shares of Gogo are up 3% to $17.36 in pre-market trading. Reference Link
07:11 EDTCGENCompugen reacquires Baize's financial interest in pipeline product candidates
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05:22 EDTITMNInterMune downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded InterMune to Market Perform citing valuation.
August 20, 2014
05:53 EDTITMNStocks with implied volatility movement; NGD ITMN
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August 19, 2014
10:01 EDTTAT&T confirms plan to deliver U-verse with AT&T GigaPower in Jacksonville
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07:12 EDTTFCC looks into telecom special access line rates, Reuters says
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06:46 EDTTAT&T technology routes calls to multiple devices, Re/code says
AT&T has developed technology that sends calls from one device to many other devices, Re/code reported yesterday. Reference Link
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