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Stock Market & Financial Investment News

News Breaks
July 13, 2011
12:36 EDTERTS, VR, TSPT, SINA, RENN, CHK, CLNE, BSYBY, NWSA, WAG, KCI, GLUU, TRHOn The Fly: Mid-Day Wrap
Stocks on Wall Street were higher at mid-day, helped along by Fed Chairman Bernanke's comments that the central bank is ready to ease monetary policy if the economy weakens and inflation moves lower. Stock futures were higher throughout the pre-market trading session, leading to a higher open for the broader market. The market has been strong all day, moving to session highs following Bernanke’s statements that the Fed was prepared to accommodate or tighten monetary policy depending on what the economy would need to stay on track. The Fed chairman is still in the Q&A phase of his testimony and has fielded questions on the debt ceiling, default, unemployment and oil prices... Mortgage applications showed a decrease of more than 5% for the second straight month... Crude oil inventories decreased by 3.12M barrels, which was more than the called for 1.50M draw down. Gasoline inventories also dropped more than expected, drawing down by 840,000 versus consensus expectations of 500,000. In contrast, distillate inventories grew by 2.97M, versus projections for a 500,000 build... Reports showed that China's economy grew at a 9.5% annual rate in Q2, down from 9.7% in Q1, but slightly stronger than expected... MARKET NEWS: After market close yesterday, Electronic Arts (ERTS) announced it will acquire PopCap Games for as much as $1.3B, placing the console game maker in better position to compete with the soon-to-IPO Zynga. The Fly notes that shares of Glu Mobile (GLUU) have moved higher on PopCap's acquisition news... Kinetic Concepts (KCI) will be acquired by a consortium of funds for $68.50 per share in cash, in a transaction valued at $6.3B... Walgreen (WAG) authorized new $2B share repurchase program and increased its quarterly dividend to 22.5c per share from 17.5c... News Corp. (NWSA) dropped its bid for British Sky Broadcasting (BSYBY), commenting that, "it is too difficult to progress in this climate"... MAJOR MOVERS: Notable gainers included Clean Energy Fuels (CLNE), continuing the strong move up that began yesterday, after the company entered at joint venture with Cheseapeake (CHK) that netted it a $150M investment, and Renren (RENN), possibly benefiting from news out of EA and SINA (SINA). Noteworthy losers included Transcept Pharmaceuticals (TSPT), which fell after the company said it failed to win FDA clearance for its insomnia drug, and Validus Holdings (VR), following the announcement of the company's plans to merge with Transatlantic Holdings (TRH)... INDICES: Near 12:30 am EST, the Dow was up 150.95, or 1.21%, to 12,597.83; the Nasdaq was up 41.34, or 1.49%, to 2,823.25; and the S&P 500 was up 16.67, or 1.27% to 1,330.31.
News For ERTS;GLUU;KCI;WAG;NWSA;BSYBY;CLNE;CHK;RENN;SINA;TSPT;VR;TRH From The Last 14 Days
Check below for free stories on ERTS;GLUU;KCI;WAG;NWSA;BSYBY;CLNE;CHK;RENN;SINA;TSPT;VR;TRH the last two weeks.
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August 29, 2014
17:07 EDTTSPTEcoR1 Capital reports 5.5% passive stake in Transcept Pharmaceuticals
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06:13 EDTWAGStocks with implied volatility below IV index mean; BKW WAG
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August 28, 2014
06:18 EDTWAGStocks with implied volatility below IV index mean; SNDK WAG
Stocks with implied volatility below IV index mean; SanDisk (SNDK) 22, Walgreen (WAG) 19 according to iVolatility.
August 27, 2014
06:07 EDTWAGStocks with implied volatility below IV index mean; SNDK WAG
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August 26, 2014
12:32 EDTTSPTProsight Fund reports 5.59% pasive stake in Transcept Pharmaceuticals
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06:09 EDTWAGStocks with implied volatility below IV index mean; SNDK WAG
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August 25, 2014
19:10 EDTRENNRenren sees Q3 revenue $19M-$21M, consensus $22.94M
19:09 EDTRENNRenren reports Q2 EPS 9c, consensus (7c)
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15:18 EDTRENNNotable companies reporting after market close
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06:15 EDTWAGStocks with implied volatility below IV index mean; SNDK WAG
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August 24, 2014
21:53 EDTWAGNational Association of Chain Drug Stores to hold an expo
2014 NACDS Total Store Expo to be held in Boston on August 23-25.
August 22, 2014
13:45 EDTWAGWalgreen pharmacy database fails after system update, DJ reports
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05:44 EDTWAGStocks with implied volatility below IV index mean; SNDK WAG
Stocks with implied volatility below IV index mean; SanDisk (SNDK) 23, Walgreen (WAG) 20 according to iVolatility.
August 21, 2014
11:47 EDTWAGWalgreen upgraded at BofA/Merrill
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11:09 EDTWAGWalgreen upgraded to Neutral from Underperform at BofA/Merrill
06:00 EDTWAGStocks with implied volatility below IV index mean; TWX WAG
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August 20, 2014
08:09 EDTWAGWalgreen pressured CFO, pharmacy chief to leave, WSJ reports
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06:00 EDTWAGStocks with implied volatility below IV index mean; SEAS WAG
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August 19, 2014
06:01 EDTWAGStocks with implied volatility below IV index mean; SEAS WAG
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