Stock Market & Financial Investment News

News Breaks September 10, 2012 09:01 EDT GCI, INWK Gannett, InnerWorkings enter print management agreement Gannett (GCI) announced that it has entered into a partnership with InnerWorkings (INWK) to exclusively manage print procurement and print management for non-newspaper print products such as direct mail, marketing collateral, inserts and select publications, among other items. This agreement is part of the ongoing Gannett Publishing Services initiative to consolidate and drive efficiencies within the production and distribution of its print products. News For GCI;INWK From The Last 14 Days Check below for free stories on GCI;INWK the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 19, 2013 06:00 EDT GCI Stocks with implied volatility below IV index mean; GMCR GCI Subscribe for More Information June 18, 2013 17:19 EDT GCI Gannett reports 10.2% series A stake in Belo Subscribe for More Information 06:01 EDT GCI Stocks with implied volatility below IV index mean; GMCR GCI Stocks with implied volatility below IV index mean; Green Mountain (GMCR), Gannett (GCI) according to IVolatility. June 17, 2013 05:53 EDT GCI Stocks with implied volatility below IV index mean; GMCR GCI Stocks with implied volatility below IV index mean; Green Mountain (GMCR), Gannett (GCI) according to IVolatility. June 14, 2013 05:59 EDT GCI Stocks with implied volatility movement; GCI SWY Stocks with implied volatility movement; Gannett (GCI), Safeway (SWY) according to IVolatility. June 13, 2013 16:25 EDT GCI On The Fly: Closing Wrap Subscribe for More Information 12:35 EDT GCI On The Fly: Midday Wrap Stocks on Wall Street were higher at midday after retail sales rose more than expected in May and first-time unemployment applications fell last week. The market, which suffered its first three day losing streak of 2013 with its lower close yesterday, is looking to avoid a fourth straight down day. ECONOMIC EVENTS: In the U.S., retail sales rose 0.6% in May, versus the expected increase of 0.4%. Initial jobless claims fell 12K to 334K in the week ended June 8, versus expectations for 346K claims. Business inventories rose 0.3% in April, matching expectations. In Asia, Japan's Nikkei stock index fell 6.25% last night as it continued its volatile trading and pullback from recent record highs... COMPANY NEWS: Shares of DuPont (DD) slid 1% after the company provided second quarter earnings per share guidance that was below analysts' expectations and said it now expects full-year earnings to be at the low end of its previous $3.85-$4.05 guidance... The Supreme Court unanimously ruled that human genes isolated from the body can't be patented, but also said that DNA molecules synthesized in a laboratory can be patent protected, sending shares of Myriad Genetics (MYGN) up 10%... Shares of cosmetics and fragrance giant Coty (COTY) slipped in their first day of trading on the New York Stock Exchange following their initial public offering. MAJOR MOVERS: Among the notable gainers were Belo (BLC) and Gannett (GCI), which both rose after the companies agreed to merge. Gannett agreed to buy Belo for $13.75 per share in cash, or approximately $1.5B, plus assume $715M in existing debt in a deal that the company sees adding to its non-GAAP earnings per share by approximately 50c within the first 12 months. Belo surged 27% after the announcement, while Gannett jumped 26%. Among the noteworthy losers was Elan (ELN), which fell nearly 3% after Royalty Pharma says one of Elan's shareholder proposals looks set to pass and that could force Royalty's takeover offer to be withdrawn next week. Also lower were shares of Williams (WMB), which dropped 1% after an explosion occurred within an olefins plant owned by the company. INDICES: Near noon, the Dow was up 50.42, or 0.34%, to 15,045.65; the Nasdaq was up 13.78, or 0.41%, to 3,414.21; and the S&P 500 was up 6.54, or 0.41%, to 1,619.06. 12:04 EDT GCI Stocks with call strike movement; GCI MU Subscribe for More Information 11:55 EDT INWK InnerWorkings management to meet with Craig Hallum Subscribe for More Information 10:51 EDT GCI Wells says Gannett, Belo tie-up a 'perfect fit' Subscribe for More Information 09:31 EDT INWK InnerWorkings extends, expands partnership agreement with IHG InnerWorkings (INWK) announced a contract extension with InterContinental Hotels Group (IHG). Under the new agreement, the relationship expands beyond the Americas region to include Greater China and Asia Pacific. 09:05 EDT GCI On The Fly: Pre-market Movers Subscribe for More Information 07:55 EDT GCI Gannett and Belo host a conference call Gannet and Belo will host a joint conference call to discuss a definitive merger agreement under which Gannett will acquire all the outstanding shares of Belo on June 13 at 8:30 am. Webcast Link 07:44 EDT GCI Gannett volatility elevated into acquiring Belo for approximately $1.5B Subscribe for More Information 07:38 EDT GCI Belo volatility elevated into Gannett acquiring for approximately $1.5B Subscribe for More Information 07:32 EDT GCI Gannett to acquire Belo for $13.75 per share Gannett (GCI) and Belo (BLC) jointly announced that they have entered into a definitive merger agreement under which Gannett will acquire all outstanding shares of Belo for $13.75 per share in cash, or approximately $1.5B, plus the assumption of $715M in existing debt for an enterprise value of approximately $2.2B. The transaction, which has been unanimously approved by the boards of directors of both companies, represents a 28.1% premium to the closing price of Belo common stock on June 12, 2013. The company anticipates that the transaction will generate approximately $175M in annual run-rate synergies within three years after closing. The transaction is expected to generate significant free cash flow and be accretive to non-GAAP earnings per share by approximately 50c within the first 12 months. 07:31 EDT GCI Gannett to acquire Belo for $13.75 per share, or approximately $1.5B Sign up for a free trial to see the rest of the stories you've been missing.