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News For FB;ZNGA;YUM;MDRX;BX;CBK;FIVE;NTLS;S;VRSN From The Last 14 Days Check below for free stories on FB;ZNGA;YUM;MDRX;BX;CBK;FIVE;NTLS;S;VRSN the last two weeks. |
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| June 7, 2013 |
| 14:08 EDT |  | S | Sprint in talks with DISH, says Softbank deal to be consummated in July
Sprint (S) and Softbank (SFTBF) are parties to the previously disclosed agreement and plan of merger, dated as of October 15, 2012. Consummation of the Sprint-Softbank merger remains subject to various conditions to closing, including receipt of approval of the FCC and adoption of the merger agreement by Sprint's stockholders. Sprint and Softbank anticipate the merger will be consummated in July, subject to the remaining closing conditions and the effect of the actions of the special committee of Sprint's board of directors, which is currently in discussions and negotiations with DISH Network (DISH) regarding the unsolicited proposal received from DISH in April or other developments with respect to such proposal. Sprint’s board of directors recommends its stockholders vote in favor of the transaction with Softbank. |
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| 12:57 EDT |  | YUM | On The Fly: Midday Wrap
The Wall Street averages were all up about 1% near midday after the monthly jobs report beat forecasts. ECONOMIC EVENTS: In the U.S., the Labor Department reported employers added 175K jobs in May, beating expectations for 163K added jobs. The unemployment rate rose slightly to 7.6% in May from 7.5% in April, with the uptick attributed to more people entering the workforce. COMPANY NEWS: TiVo (TIVO) confirmed it had settled a patent lawsuit with Google's (GOOG) Motorola unit, Cisco (CSCO) and Time Warner Cable (TWC), as reported by media outlets yesterday. The company also doubled its stock buyback authorization, but TiVo shares, which had been higher yesterday on the initial reports, fell over 17% as the amount of money the company received in the deal fell short of analyst expectations. MAJOR MOVERS: Among the notable gainers were JinkoSolar (JKS) and Thor Industries (THO), which both gained over 10% following their earnings reports. Also higher were shares of Yum! Brands (YUM), which rose nearly 3% after UBS upgraded the stock to Buy. Among the losers were a number of companies that had hoped to convert to real estate investment trusts after the IRS formed a group to study issues relating to REIT conversions. Notably, Iron Mountain (IRM) fell almost 16%, Copart (CPRT) dropped over 6%, and Equinix (EQIX) slid over 5%. INDICES: Near 1 pm ET, the Dow was up 168.95, or 1.12%, to 15,209.57; the Nasdaq was up 35.12, or 1.03%, to 3,459.17; and the S&P 500 was up 15.41, or 0.95%, to 1,637.97. |
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| 11:57 EDT |  | YUM | Yum! Brands moves higher, potential bullish pattern
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| 11:51 EDT | | YUM | Yum! Brands advances after UBS ups rating to Buy
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| 10:11 EDT |  | S | On The Fly: Analyst Downgrade Summary
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| 10:11 EDT |  | YUM | On The Fly: Analyst Upgrade Summary
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| 09:27 EDT | | CBK | On The Fly: Pre-market Movers
HIGHER: Concurrent (CCUR), up 9.2% after doubling its dividend... Christopher & Banks (CBK), up 9.1% after quarterly earnings, revenue beat expectations... Gamestop (GME), up 2.5% after Microsoft (MSFT) clarifies how games licensing will works on upcoming Xbox One system... Arena (ARNA), up 1.7% after saying Belviq weight-loss drug available in U.s. next week, triggering milestone payment. LOWER: TiVo (XXX), down 18.7% after announcing patent litigation with Google's (GOOG) Motorola, Cisco (CSCO) and Time Warner Cable (TWC), doubles stock buyback authorization... Iron Mountain (IRM), down 17.2%, Lamar Advertising (LAMR), down 8.3%, Equinix (EQIX), down 7.8%, CBS (CBS), down 2.1%, after IRS forms working group on REIT issues, which could delay some of those companies plans for or consideration of REIT conversion... Intel (INTC), down 0.8% following downgrade to Underweight at Piper Jaffray. |
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| 09:11 EDT |  | FB | Facebook advertising engagement increasing, says Morgan Stanley
Morgan Stanley's analysis indicate Facebook advertising engagement is increasing, contrary to market concerns that levels are deteriorating due to lack of content control on where ads are displayed. The firm recommends adding to positions and reiterates its Overweight rating and $34 price target. |
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| 08:57 EDT | | YUM | Yum! Brands added to U.S. Key Call List at UBS
UBS added Yum! Brands to its Key Call List in conjunction with today's upgrade to Buy from Neutral. |
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| 08:07 EDT | | CBK | Christopher & Banks sees average store count to be down 8% in FY13
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| 08:05 EDT |  | CBK | Christopher & Banks sees Q2 SSS to be up 8%-10%
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| 08:04 EDT | | CBK | Christopher & Banks reports Q1 EPS 2c, consensus (7c)
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| 07:40 EDT | | FB | Facebook recommended ahead of product launches at Morgan Stanley
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| 06:59 EDT | | S | Sprint downgraded to Neutral from Buy at Nomura
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| 06:53 EDT | | YUM | Yum! Brands upgraded to Buy from Neutral at UBS
UBS upgraded Yum! Brands based on expectations for an improvement in China sales and profitability. The firm expects margins to recover as bird flu concerns wane, unit growth slows, breakfast/extended hours become more efficient, and the integration of Little Sheep. Price target raised to $80 from $73. |
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| 06:53 EDT |  | FB | U.S. collects data overseas from major Internet companies, NY Times reports
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| 06:39 EDT | | FB | Facebook to narrow down ad format choices for marketers, NY Times says
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| 05:26 EDT | | FB | Major Internet firms deny giving U.S. 'direct access' to servers, Reuters says
A number of big tech companies, including Apple (AAPL), Google (GOOG) and Facebook, said they don't provide any government agency with "direct access" to their servers, rebutting a Washington Post report that said they have granted such access under a classified data collection program, reports Reuters.Reference Link |
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| June 6, 2013 |
| 19:00 EDT | | BX | On The Fly: After Hours Movers
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| 18:14 EDT | | BX | Blackstone, partner to acquire Gafisa unit, WSJ reports
Blackstone (BX) and a partner have agreed to buy Gafisa's (GFA) Alphaville Urbanismo unit for about $1B, reports The Wall Street Journal, citing people familiar with the matter. Reference Link |
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