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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
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July 21, 2014
06:58 EDTBSYBYBskyB could buy Murdoch's Sky Italia, Sky Deutschland, Sunday Times says
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06:29 EDTBSYBYBSkyB acquires 70% stake in Love Productions
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July 20, 2014
11:58 EDTCHKCaterpillar, five others should benefit from global recovery, Barron's says
Caterpillar (CAT), Teradata (TDC), Kennametal (KMT), Capital One Financial (COF), T. Rowe Price Group (TROW), and Chesapeake Energy (CHK) are all relatively cheap and should benefit from global recovery, Barron's contends in its cover article. Reference Link
July 18, 2014
06:21 EDTWAGCTW Investment asks SEC to probe Walgreen's meetings, NY Post says
CTW Investment Group has asked the SEC to investigate private meetings that top Walgreen (WAG) executives held with investors to reincorporate overseas for tax reasons, reports the New york Post. The pension advisor is raising questions about whether Walgreen's meetings with Goldman Sachs (GS), Jana Partners, Och-Ziff and Corvex broke fair disclosure rules. Reference Link
July 17, 2014
05:49 EDTBSYBYLiberty Global acquires 6.4% stake in ITV from BSkyB
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July 16, 2014
13:23 EDTGLUUGlu Mobile says single-day revenue, DAU records set during quarter
Glu Mobile announced earlier that its recent title releases have helped the company achieve new single-day records for overall revenue, downloads and daily active users, or DAU. Released on July 10, "Dino Hunter: Deadly Shores" set a single-day Glu record of 1.5M+ downloads globally from an individual Glu title and a record of 5.7M+ downloads in first 5 days of global release. "Kim Kardashian: Hollywood," released on June 25, achieved the company's new single-day revenue record for an individual title, surpassing the previous record set by Deer Hunter 2014. The title has surpassed this previous single-day revenue record for 16 of the last 18 days, Glu added.
06:27 EDTWAGWalgreen could relocate to Switzerland if it buys out Alliance Boots, WSJ says
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July 15, 2014
10:48 EDTGLUUOptions with increasing implied volatility: GLUU KORS RVBD HSH
10:29 EDTGLUUGlu Mobile mentioned positively by PTT Research
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06:00 EDTSINAStocks with implied volatility movement; KGC SINA
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July 14, 2014
07:04 EDTCHKExterran Partners to acquire natural gas compression assets from MidCon
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06:06 EDTWAGWalgreen implied volatility of 35 at upper end of index mean range
July 11, 2014
11:17 EDTGLUUHigh option volume stocks
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06:03 EDTWAGWalgreen implied volatility of 34 at upper end of index mean range
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July 10, 2014
12:59 EDTCHKChesapeake up against bid-rigging case, Reuters says
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11:02 EDTGLUUGlu Mobile CEO says Kardashian game could be biggest of year, Bloomberg says
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07:39 EDTCHKRice Energy shares offer good value after pullback, says BMO Capital
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07:32 EDTNWSANews Corp. owned HarperCollins looks to bypass Amazon with new site, FT says
News Corp.'s (NWSA) book publishing unit, HarperCollins, relaunched its U.S. website and is now selling books directly to readers, putting it in competition with one of its largest retailers, Amazon.com (AMZN), reported Financial Times. Reference Link
06:04 EDTCLNEClean Energy to double CNG statoin capacity for Saddle Creek gas station
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July 9, 2014
10:25 EDTCHKChesapeake price target raised to $33 from $30 at JPMorgan
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