New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 13, 2011
12:36 EDTVR, RENN, BSYBY, KCI, TSPT, CHK, NWSA, GLUU, TRH, SINA, CLNE, WAG, ERTSOn 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
Sign up for a free trial to see the rest of the stories you've been missing.
September 3, 2015
20:01 EDTNWSAHigher e-book prices leading to slow sales, WSJ says
Subscribe for More Information
16:35 EDTGLUUGlu Mobile appoints Greg Brandeau to board
Glu Mobile (GLUU) announced that Greg Brandeau has joined the company's board. Brandeau brings to Glu a strong background in technology management experience. As the former CTO of Walt Disney Animation Studios (DIS) and former SVP of Technology for Pixar Animation Studios, he is uniquely positioned to offer world-class engineering leadership expertise as Glu continues to expand its digital entertainment portfolio.
08:23 EDTVRInsurers may get boost from higher interest rates, says JMP Securities
Subscribe for More Information
04:46 EDTCHKStocks with implied volatility movement; YHOO CHK
Subscribe for More Information
September 2, 2015
09:23 EDTNWSANews Corp announces management changes at News UK
News Corp (NWSA) announced leadership changes at News UK, with the appointment of Rebekah Brooks as CEO, David Dinsmore as COO, and Tony Gallagher as Editor-in-Chief of The Sun, Britain's largest selling daily newspaper. Brooks will replace Mike Darcey, who is departing as CEO after three years in the post, during which time he stabilised the company and showed leadership in developing digital models for newspaper properties and oversaw the transition to mobile formats. Rebekah Brooks is returning to a post that she held four years ago, and will have added responsibilities for the acquisition and development of digital properties. She has been working closely with the team at Storyful, the world's first and most successful video news agency, which supplies many companies, including Facebook (FB) and Vice. David Dinsmore became Editor of The Sun in June, 2013, following a long history at the newspaper, including working as Managing Editor and helping launch The Sun on Sunday. Tony Gallagher has been Deputy Editor of the Daily Mail since 2014, after serving as Editor of the Daily Telegraph since 2009.
August 30, 2015
19:40 EDTNWSAU.K. newspaper groups to launch GBP3M joint ad campaign, Guardian says
Subscribe for More Information
19:30 EDTNWSAU.K. weighs phone hacking charges against News Corp., AP says
England's Crown Prosecution Service has received a "full file of evidence for consideration of corporate liability charges" from British police related to the 2011 phone hack scandal at News Corp.'s News of the World, reports the Associated Press. Reference Link
18:39 EDTNWSARebekah Brooks to return as News Corp. U.K. CEO, FT says
Subscribe for More Information
August 28, 2015
12:01 EDTCHKStocks with call strike movement; CHK SWN
Subscribe for More Information
10:26 EDTCLNEOptions with decreasing implied volatility
Subscribe for More Information
06:28 EDTNWSAProsecutor wants to summon Murdoch, others in Deutsche Bank case, Reuters says
Subscribe for More Information
August 23, 2015
15:40 EDTNWSANews Corp. eyeing advertising technology start-up, Telegraph says
Former News International CEO Rebekah Brooks has returned to News Corp. and is working on a deal to acquire a U.K.-based advertising technology start-up, reports the Telegraph, citing finance sources. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use