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Stock Market & Financial Investment News

News Breaks
August 7, 2014
12:14 EDTFOXA, HAR, THOR, MTLS, XONE, DDD, SSYS, PCLN, CTRP, SNIOn The Fly: Midday Wrap
Stocks on Wall Street began the session higher, thanks in part to better than expected initial jobless claims data and an agreement to extend the ceasefire between Israel and Gaza. The averages saw their highs a short time after the open, but then began to drift lower. By mid-morning the Dow had crossed into negative ground and the S&P and Nasdaq soon followed, leaving the major indexes all in the red, but not by much, near noon. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 14K to 289K in the week ended August 2, versus expectations for 300K new claims. A report on consumer credit growth in June is expected at 3:00 pm ET. COMPANY NEWS: Shares of several 3D printer makers climbed after one of the companies in the sector, Stratasys (SSYS), reported stronger than expected second quarter results and raised its guidance. Near noon, Stratsys surged 19%, while 3D Systems rose 3%, Materialise (MTLS) advanced 6% and ExOne (XONE) gained more than 7%. MAJOR MOVERS: Among the notable gainers was Chinese online travel agency Ctrip.com (CTRP), which gained 10% after the company expanded its partnership with Priceline (PCLN) and received a $500M investment from the U.S. online travel giant. Also higher was 21st Century Fox (FOXA), which rose 6.5% after the company reported higher than expected fourth quarter earnings and the stock was upgraded to Market Perform from Underperform at Cowen. Among the noteworthy losers was Thoratec (THOR), which plunged 29% and was downgraded at Goldman, Credit Suisse and BTIG after reporting lower than expected second quarter revenues and lowering its FY14 profit guidance. Also lower following their earnings reports were Harman (HAR), which fell over 4%, and Scripps Networks (SNI), which dropped nearly 5%. INDEXES: Near midday, the Dow was down 37.98, or 0.23%, to 16,405.36, the Nasdaq was down 2.92, or 0.07%, to 4,352.13, and the S&P 500 was down 4.35, or 0.23%, to 1,915.89.
News For FOXA;CTRP;PCLN;SSYS;DDD;XONE;MTLS;THOR;HAR;SNI From The Last 14 Days
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October 15, 2014
09:59 EDTFOXATime Warner CEO says has more than sufficient scale, sees doubling EPS
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07:58 EDTFOXARentrak deal with Fox affirms strategy, says Brean Capital
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07:32 EDTSSYS, DDDUBM Canon to hold a conference
PLASTEC Midwest Conference is being held in Chicago on October 15-16.
October 13, 2014
07:25 EDTTHOREuropean Association of Cardiothoracic Surgery to hold annual meeting
28th EACTS Annual Meeting is being held in Milan, Italy on October 11-15.
October 12, 2014
15:54 EDTFOXA21st Century Fox's 'Gone Girl' wins at box office with $26.8M, Bloomberg says
21st Century Fox's (FOX, FOXA) “Gone Girl” took first place at the box office this weekend taking in $26.8M, says Bloomberg. "Dracula Untold,” from Comcast's (CMCSA) Universal Pictures came in second this weekend taking in $23.5M, added Bloomberg. Reference Link
October 10, 2014
16:22 EDTCTRP, PCLNPriceline raises stake in Ctrip.com to 6.88% from 5.84%
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15:43 EDTXONEExOne August volatility increases on sharp rally
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13:17 EDTFOXANielsen to restate some TV rating due to software glitch, Variety reports
Nielsen (NLSN) acknowledged it uncovered a software error on October 6 that had resulted in TV ratings being allocated incorrectly among broadcast and syndication programming since March 2 and that it would restate the ratings accordingly to fix the errors, reported Variety. The company said 98% to 99% of ratings would not be affected by more than .05 of a ratings point and a person familiar with the situation said some TV networks have an expectation that some of their new fall programming will see a very slight uplift due to the restatement, the report noted. The big four broadcast networks are operated by CBS (CBS), Comcast (CMCSA), Disney (DIS) and 21st Century Fox (FOXA). Reference Link
08:05 EDTFOXA21st Century Fox, Apollo Global agree to form content joint venture
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08:03 EDTFOXA21st Century Fox, Apollo Global form content joint venture
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06:42 EDTFOXATime Warner CEO to be questioned on growth plans, NY Post reports
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October 9, 2014
14:43 EDTPCLNPriceline.com August volatility flat as shares trend lower
Priceline.com October call option implied volatility is at 25, November is at 28, January is at 25; compared to its 26-week average of 28 according to Track Data, suggesting non-directional price movement.
08:34 EDTMTLSMaterialise HeartPrint now listed as Class 1 medical device
Materialise NV has listed its 3D-printed cardiovascular HeartPrint models as a medical device in the U.S. and EU markets. After years of 3D printing anatomical models for educational and research purposes, the company addressed the need for models that can assist with diagnosing, planning and practicing complex cardiovascular procedures. This move strengthens the company's unique position in the market and is a natural extension of its Mimics Innovation Suite of software for medical image processing which has an existing 510(k) clearance and CE mark. By listing HeartPrint as a Class 1 medical device, the Company is able to add HeartPrint models to their offering for preoperative planning. The 3D-printed, patient-specific cardiovascular models are created from medical image data to provide cardiologists and surgeons with supplemental information to determine the best treatment for each unique patient.
October 8, 2014
13:27 EDTFOXASoftBank no longer talking to DreamWorks, Buzzfeed reports
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07:31 EDTSSYS, DDDFDA to hold a public workshop
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07:13 EDTFOXAHulu may cut number ads on Hulu Plus, NY Post reports
Hulu (FOXA, DIS, CMCSA) CEO Mike Hopkins is looking to cut back on the number of ads that appear on Hulu Plus, reports the New York Post. According to an executive close to the company, Hulu and its partners are “always looking at a variety of ways to create the best possible experience for our viewers and advertisers including reducing the ad load." Reference Link
October 7, 2014
10:02 EDTMTLSOn The Fly: Analyst Initiation Summary
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09:04 EDTFOXAFox Sports Radio, DirecTV announce partnership to launch Rich Eisen Show
FOX Sports Radio (FOXA) and DIRECTV (DTV) announced a partnership to launch The Rich Eisen Show into national radio syndication. Eisen will debut as part of FOX Sports Radio’s national weekday lineup in the noon to 3 p.m. ET timeslot, beginning November 3. FOX Sports Radio/Premiere Networks will also provide exclusive radio ad sales representation for The Rich Eisen Show.
06:19 EDTMTLSMaterialise initiated with a Buy at Canaccord
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October 6, 2014
06:41 EDTFOXA'Gone Girl' leads weekend box office with $38M in sales, WSJ reports
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