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Stock Market & Financial Investment News

News Breaks
November 30, 2012
16:28 EDTFIVE, MDRX, FB, S, CBK, YUM, NTLS, BX, ZNGA, VRSNOn The Fly: Closing Wrap
Stocks on Wall Street spent most of the day in negative territory as negotiations to avert automatic spending cuts and tax hikes that are set to kick in at year's end continued to dominate the headlines and determine the market's direction. The averages opened higher, but crossed into negative territory early in the session and moved in a fairly narrow range just below the flat line for most of the trading day. However, some index rebalancing drove a run-up just before the closing bell and the major index all finished just about where they started... ECONOMIC EVENTS: In the U.S., consumer spending fell 0.2% in October, versus expectations for a flat reading. Incomes were unchanged last month, versus expectations of a 0.2% gain. The Chicago PMI reading for November came in at 50.4, about in-line with forecasts for a 50.5 reading and indicating expansion after being below 50 last month. In Europe, German lawmakers approved the new aid deal struck for Greece... COMPANY NEWS: Facebook (FB) and Zynga (ZNGA) disclosed that they have changed the terms of their partnership. Under the new agreement, Facebook will be able to develop its own games and Zynga will not have to use Facebook ad units or payments on its outside sites. Shares of Zynga (ZNGA) opened sharply lower after the news, which broke after yesterday's close, but recouped some losses to close down 16c, or 6.11%, to $2.46 on the day... Yum! Brands (YUM) provided guidance after yesterday's close that indicated slowing sales in China, sparking downgrades from at least firms. Shares of Yum! traded down $7.39, or 9.92%, to $67.08... A mid-afternoon report from Reuters said that Blackstone (BX) was in the lead to buy Allscripts (MDRX), though concerns over the valuation of Allscripts cast doubt on the transaction getting completed. Shares of Allscripts fell $1.30, or 10.47%, to $11.12 after the report... MAJOR MOVERS: Among the notable gainers were Christoper & Banks (CBK), up 90c, or 24.52%, to $4.57 and Five Below (FIVE), up $5.76, or 18.35%, to $37.15 after their quarterly reports came in above the Street's expectations. Among the noteworthy losers was NTELOS (NTLS), down $3.27, or 20.22%, to $12.90, after FBR Capital dropped its price target on the stock to $5 from $15 on its belief that the company's strategic agreement with Sprint (S) would not be renewed at year's end. Also lower were shares of VeriSign (VRSN), down $5.21, or 13.24%, to $34.13 after it announced a revised .com agreement that limits its ability to increase prices on domain names... INDICES: The Dow was up 3.76, or 0.03%, to 13,025.58; the Nasdaq was down 1.79, or 0.06%, to 3,010.24; and the S&P 500 was up 0.23, or 0.02%, to 1,416.18.
News For FB;ZNGA;YUM;MDRX;BX;CBK;FIVE;NTLS;S;VRSN From The Last 14 Days
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January 20, 2015
10:27 EDTBXSources: Blackstone to buy 36 apartment properties for $1.7B, Bloomberg reports
According to two sources, Blackstone will acquire 36 apartment properties across the U.S. that are being sold by Praedium Group for about $1.7B, Bloomberg reports. The properties, which contain about 11,000 apartments, are located in Washington, D.C., Boston, California and other cities. Reference Link
06:57 EDTFBFacebook to upgrade Messenger app, experiment with revenue generation, WSJ says
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06:24 EDTST-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
06:14 EDTNTLSNTELOS sees FY14 adj. EBITDA at or above mid-point of guidance $128M-$132M
For the year ending December 31, 2014, the Company expects to be at or above the mid-point of its previous FY14 Adjusted EBITDA guidance of between $128.0M-$132.0M. FY14 Adjusted EBITDA reflects consolidated operations in both the Eastern and Western Markets. "The solid subscriber results in a very competitive environment reflect continuing positive net ports and our stronger competitive position in the Western Markets, which we expect to further improve upon as we focus our energies on growing market share in the region," said the company. "At the same time, we remain on target with our objective of increasing operating efficiencies and believe that we are well-positioned to capitalize on our momentum as we move into 2015."
06:12 EDTNTLSNTELOS to sell most of its wireless towers
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06:02 EDTFBFacebook acquires boutique firm Teehan+Lax, terms not disclosed
Toronto-based boutique firm Teehan+Lax announced in a blog post on Friday that the company will join Facebook's design team in California. T+L said "In a few weeks we will be moving to the San Francisco Bay Area. This will mean saying goodbye to family, friends, Toronto, and Teehan+Lax." Terms of the deal have not been disclosed. Reference Link
January 18, 2015
16:34 EDTFBFacebook job listings hint at push into virtual reality, Reuters says
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January 16, 2015
11:42 EDTSSprint announces expansion of Sprint Lease program
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10:12 EDTSSprint unit Virgin Mobile to offer no contract data sharing plans
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January 15, 2015
16:22 EDTBXNewStar Financial reports increase in loan orginations
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15:33 EDTSRadioShack in talks for bankruptcy loan with lenders, Bloomberg says
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10:19 EDTFIVEOptions with decreasing implied volatility
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January 14, 2015
10:55 EDTYUMYum! Brands calls active amid speculation of an activist investor stake
Yum! Brands January 72 and 72.5 calls are active on total call volume of 7,600 contracts (900 puts) amid speculation of an activist investor stake. January call option implied volatility is at 32, February is at 31, April is at 22; compared to its 26-week average of 22 according to Track Data. Active call volume suggests traders taking positions for large price movement.
10:51 EDTYUMRumor: Yum! Brands moves up amid speculation of an activist investor stake
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10:27 EDTFBFacebook, Google seen at front of 'multi-year' positive run for Internet stocks
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09:46 EDTFBFacebook initiated with a Buy at Rosenblatt
Target $100.
08:35 EDTYUMBoulder Brands announces partnership with Pizza Hut
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07:37 EDTMDRXJPMorgan to hold a conference
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07:17 EDTFBFacebook price target raised to $100 from $88 at Oppenheimer
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07:13 EDTFBFacebook price target raised to $102 on FAN contribution at Credit Suisse
Credit Suisse raised Outperform rated Facebook's price target to $102 from $88 to reflect new mobile ad network FAN into its estimates. The analyst expects Premium Video to have a greater impact on 2015 financials and longer-term for new products and yet-to-be monetized properties to continue to drive estimates.
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