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Stock Market & Financial Investment News

News Breaks
February 8, 2013
11:10 EDTCZR, BYD, AVNR, ATVI, FSLHigh option volume stocks; FSL AVNR CZR ATVI BYD
News For FSL;AVNR;CZR;ATVI;BYD From The Last 14 Days
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August 28, 2015
16:17 EDTATVIOn The Fly: Top stock stories for Friday
Stocks slipped at the open as the futures once again were influenced by the volatile overnight trading session in China. The averages began to recover shortly after the open and turned mixed by midday. Comments from Fed Vice Chairman Stanley Fisher about the central bank being open to a possible rate hike in September took some momentum out of the market. As the volume slowed and the news flow went silent, the volatility increased and the averages headed lower only to rebound before the close, but the trading was still remarkably calm when compared to the wide swings seen in the market in the earlier sessions of this week. ECONOMIC EVENTS: In the U.S., personal income rose 0.4% in July, as expected, with consumer spending up 0.3%, which was below the 0.4% consensus growth forecast. The University of Michigan consumer sentiment reading for August was revised down to 91.9 from the 92.9 preliminary reading, versus expectations for it to be bumped up to 93.0. Baker Hughes reported the U.S. rig count is down 8 rigs from last week to 877. WTI crude oil prices added another 6% today to yesterday's 10% rally, closing at $45.22 a barrel on Friday. U.S. crude closed with a weekly gain of 11.8%, marking its first advance in 10 weeks and best week in six years. The Federal Reserve may still raise its benchmark interest rate in September, Fed vice chairman Stanley Fischer said in an interview with CNBC, noting that Fed committee members "haven't made a decision yet" and have "time to wait and see," because the next policy-making meeting won't happen until the middle of next month. COMPANY NEWS: Shares of cancer drug maker ARIAD (ARIA) surged $2.91, or 41.69%, to $9.89 after Bloomberg reported that industry peer Baxalta (BXLT) is in takeover talks with the smaller company to boost its oncology pipeline. Baxalta, which had recently turned down a merger offer from Shire (SHPG), fell $1.18, or 3.24%, to $35.25 following the report... In other pharmaceutical industry M&A news, Mylan (MYL) shareholders voted to approve the company's proposed acquisition of Perrigo (PRGO) and the related issuance of Mylan ordinary shares. Afterward, Perrigo CEO Joseph Papa said he was confident that most of his company's shareholders believe that Mylan's offer substantially undervalues Perrigo and would dilute its "growth profile and superior valuation"... Video game maker Activision Blizzard (ATVI) and airline owner United Continental (UAL) both advanced sharply, rising 4.62% and 6.93%, respectively, after each had their shares selected to join the S&P 500. Activision will replace Pall Corp. (PLL) in the S&P 500 after the close of trading tonight, while United will replace Hospira (HSP) in the index after the close of trading on Wednesday, September 2. MAJOR MOVERS: Among the notable gainers was Big Lots (BIG), which advanced $6.58, or 15.67%, to $48.58 after the discount retailer reported better than expected quarterly results and lifted its fiscal year guidance. Among the noteworthy losers after their quarterly reports were video game retailer GameStop (GME), which slid $3.71, or 8.03%, to $42.49, and design software and services company Autodesk (ADSK), which fell $2.48, or 4.96%, to $47.52. INDEXES: The Dow fell 11.76, or 0.07%, to 16,643.01, the Nasdaq gained 15.62, or 0.32%, to 4,828.33, and the S&P 500 advanced 1.21, or 0.06%, to 1,988.87.
12:50 EDTATVIOn The Fly: Top stock stories at midday
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12:27 EDTATVIActivision Blizzard volatility flat on addition to S&P 500
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11:16 EDTATVIBattleground: Benchmark says sell GameStop, Piper says bears misguided
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09:34 EDTBYD, CZRNevada reports July statewide gaming win down 0.96% to $922.89M
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09:23 EDTATVIOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Big Lots (BIG), up 11.1%... Smith & Wesson (SWHC), up 4.8%... Splunk (SPLK), up 3%... Freeport-McMoRan (FCX), up 14.3% after Carl Icahn reported a 8.46% stake in the company... United Continental (UAL), up 5.8% after being added to S&P 500... Activision Blizzard (ATVI), up 5.8% after being added to S&P 500... DOWN AFTER EARNINGS: Violin Memory (VMEM), down 23.9%... bebe stores (BEBE), down 19.8%... Autodesk (ADSK), down 4.2%... Aeropostale (ARO), down 4%. ALSO LOWER: Peabody Energy (BTU), down 6.6% after Moody's downgraded the company to Caa1.
07:43 EDTATVIGameStop bear thesis not playing out, says Piper Jaffray
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06:50 EDTCZRJudge says Caesars, bondholders should prepare for trial, WSJ reports
A federal judge said that Caesars Entertainment and a group of bondholders should prepare for hearings in a suit over Caesars' guarantees of billions of dollars of debt, the Wall Street Journal reports. Judge Shira A. Scheindlin of the U.S. District Court in Manhattan said that there is a discrepancy as to whether a series of asset moving deals last year constituted an out-court debt reorganization that proved harmful to the holders of over $6B in bond debt issued by Caesars, the report says. Reference Link
August 27, 2015
17:38 EDTATVIS&P announces changes to S&P 500 index
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17:30 EDTATVIActivision Blizzard up 7% to $29.99 after being added to S&P 500
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17:16 EDTATVIActivision Blizzard to replace Pall Corp. in S&P 500 as of 8/28 close
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10:57 EDTCZRCaesars bondholders denied immediate ruling by judge, Bloomberg reports
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August 24, 2015
07:38 EDTCZRCaesars to pay $20M to settle anti-money laundering lapses charges, Reuters says
Caesars Entertainment has agreed to pay $20M to settle claims of anti-money laundering lapses, Reuters reports, citing a source familiar with the matter. The company will also enter into a deferred prosecution agreement with the DOJ, the report says. Reference Link
August 23, 2015
14:49 EDTCZRCaesars reaches restructuring support agreement with first lien bank lenders
Caesars Entertainment and Caesars Entertainment Operating Co. announced they have entered into a bank restructuring support agreement. The agreement, which is effective immediately, "secures the support" of CEOC's largest and most senior creditor constituencies and represents a "key milestone" in Caesars Entertainment and CEOC's efforts to implement a consensual restructuring of CEOC, according to Caesars. "CEOC's restructuring is now supported by CEOC's first lien bank lenders and first lien bondholders, which represent the most senior $12B of CEOC's capital structure," said the company. Caesars and CEOC continue to engage in discussions with junior creditors to build additional support for the previously announced second lien restructuring agreement. "However, the senior creditors' support of today's agreement paves the way toward a confirmable plan for the restructuring of CEOC," commented Caesars. The bank RSA is substantially similar to the previously announced bond RSA.
August 20, 2015
08:43 EDTATVIActivision Blizzard management to meet with Pacific Crest
Group luncheon to be held in Chicago on August 20 hosted by Pacific Crest.

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