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News Breaks | | | | May 21, 2012 | | 12:21 EDT |  | AEO, RGR, RENN, CBE, KKD, FB, DVA, LOW, ETN, CPB, YHOO | On The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, rebounding a bit from last week's dismal performance, which was the worst this year for U.S. equity markets. Near noon the market was off of its best levels and had been drifting in a narrow range since mid-morning. The market move is due more to a bounce from an oversold condition than from any data reported in either Europe or the U.S. There was little on the U.S. economic calendar, with the exception of the Chicago Fed National Activity Index, which went largely unnoticed when reported during the pre-market trading session... ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index rebounded a bit to a reading of +0.11 for the month of April, up from -0.29 a month ago. In Europe, stocks gained in spite of little in the way of concrete plans for the region coming out of the weekend's meeting of the G-8 leaders... COMPANY NEWS: Facebook (FB) shares fell below their $38 issue price in premarket trading and continued to slide as much as 13.7% before stabilizing near $33. Near noon, shares were down $4.49, or 11.59%, to $33.74... Yahoo! (YHOO) reached a deal for a plan to sell out of its 40% stake in Alibaba, including an initial sale of 20% of Alibaba back to the company for $7.1B. Yahoo! said it intends to return substantially all of the after-tax cash proceeds to shareholders from the deal and did not finalize the form of the return of capital but did increase its share buyback authorization by $5B. However, Yahoo shares only moved up about 0.3% on the news... Shares of Lowes (LOW) slid almost 10% in spite of sales and profits that beat estimates, as the company's yearly earnings guidance came in below consensus. Among other companies reporting earnings, Krispy Kreme (KKD) advanced while Campbell Soup (CPB) declined... DaVita (DVA) agreed to purchase HealthCare Partners for $4.42B, which investors applauded by driving shares up more than 4%... MAJOR MOVERS: Among the notable gainers were Cooper Industries (CBE), up nearly 27%, after agreeing to be acquired by Eaton Corporation (ETN) in a cash and stock deal valued at $72.00 per share, representing a premium of 29% to Cooper's closing price on Friday, and American Eagle (AEO), up more than 10%, following an upgrade to Buy at Brean Murray ahead of Wednesday's earnings report and after the company announced it plans to eliminate children's brand 77kids and its CFO stepped down. Noteworthy losers included Renren (RENN), down almost 3%, as it was dragged down in concert with the steep decline seen in Facebook, and Sturm, Ruger (RGR), down about 6%, after being initiated with a Sell rating at Off Wall Street Research... INDICES: Near noon, the Dow was up 96.57, or 0.78%, to 12,465.95; the Nasdaq was up 44.42, or 1.60%, to 2,823.21; and the S&P 500 was up 14.44, or 1.11%, to 1,309.66. | |
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News For FB;YHOO;LOW;KKD;CPB;DVA;CBE;ETN;AEO;RENN;RGR From The Last 14 Days Check below for free stories on FB;YHOO;LOW;KKD;CPB;DVA;CBE;ETN;AEO;RENN;RGR the last two weeks. |
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| May 24, 2013 | | 07:49 EDT |  | FB | Rumors of Google interest in Waze unfounded, TechCrunch says
After Bloomberg, citing "people familiar with the matter," said Google (GOOG) is considering a bid for map and traffic app maker Waze, TechCrunch countered that multiple credible sources it contacted "have poured cold water on the Google rumor." Facebook (FB) and Apple (AAPL) have previously been suggested as expressing interest in Waze, but the Bloomberg report said Apple was not among the "large tech companies” that have recently approached Waze, TechCrunch noted. Reference Link | | | 07:44 EDT | | FB | Facebook delays release of HTC First phone in Europe, FT reports
Facebook delayed release of its customized Android phone in Europe, following negative customer feedback in the U.S., reports the Financial Times. The new HTC First was released in the U.S. last month.Reference Link | | | 07:20 EDT | | FB | Facebook may face bidding war with Google for Waze, Bloomberg says
 Subscribe for More Information | | | May 23, 2013 | | 16:52 EDT |  | CPB | PE firm Catterton Partners to sell Plum Organics to Campbell Soup
Catterton Partners, the leading consumer-focused private equity firm, announced that it has entered into an agreement to sell Plum Organics, a leading premium, organic kids nutrition company, to Campbell Soup (CPB). Terms of the transaction were not disclosed. The transaction remains subject to applicable regulatory approval and satisfaction of other customary closing conditions. | | | 16:48 EDT | | CPB | Campbell Soup to acquire Plum Organics, terms not disclosed
Subscribe for More Information | | | 11:05 EDT | | YHOO | PlayerScale says acquired by Yahoo
Subscribe for More Information | | | 09:02 EDT |  | FB | Facebook slips lower, breaks $25 threshold
The stock is down 1.5% in the pre-market to $24.77, breaking the psychologically important $25 support level. This move puts the shares at 3-month lows. At current price, next support is at $23.88, the 6-month low. Resistance is at $25.65. | | | 08:09 EDT |  | LOW | Lowe's momentum encouraging, says RW Baird
Baird believes Lowe's recent momentum is encouraging despite disappointing Q1 results. The firm noted management's optimism regarding ongoing internal initiatives, the improvement in comps, and a housing tailwind as reasons to stay involved in the shares. Lowe's is Outperform rated and price target increased to $48 from $45. | | | May 22, 2013 | | 19:29 EDT | | AEO | Gap shares may be overheated, WSJ says
Subscribe for More Information | | | 14:27 EDT | | FB | comScore says Google Sites lead April U.S. online video rankings
Subscribe for More Information | | | | 12:20 EDT | | LOW | On The Fly: Midday Wrap
Subscribe for More Information | | | 10:37 EDT | | FB | Pandora extends Facebook partnership with timeline App
Subscribe for More Information | | | 10:03 EDT | | LOW | Lowe's rises after results in spite of miss, levels to watch
Subscribe for More Information | | | 09:29 EDT | | LOW | Lowe's says comp sales improved as quarter progressed
Subscribe for More Information | | | 08:59 EDT | | LOW | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:58 EDT |  | FB | Facebook management to meet with Deutsche Bank
Meeting to be held in New York on May 22 hosted by Deutsche Bank. | | | 08:09 EDT |  | AEO | American Eagle sees FY13 EPS $1.42-$1.45, consensus $1.49
Sees second half comparable sales growth in the low-single digits. | | | 08:08 EDT | | AEO | American Eagle sees Q2 EPS 19c-21c, consensus 24c
Subscribe for More Information | | | 08:07 EDT | | AEO | American Eagle reports Q1 adjusted EPS 18c, consensus 17c
Reports Q1 revenue $679.5M, consensus $678.41M. Reports consolidated comparable sales, including AEO Direct, decreased 5%. | | | 06:16 EDT | | YHOO | France Telecom to invest up to $64M in Dailymotion, Reuters reports
France Telecom (FTE) plans to invest about $64M its video-sharing website Dailymotion and begin a new search for a partner this fall, according to CEO Stephane Richard, reports Reuters. He said that "the door is not closed" to Yahoo (YHOO), which had been in talks to buy a 75 % stake in Dailymotion in a deal that would have valued Europe's largest video website at $300M.Reference Link | | |
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