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Stock Market & Financial Investment News

News Breaks
December 14, 2012
12:37 EDTYHOO, CNC, ADBE, AVG, BBY, GE, SZYM, PAYOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday despite better than expected reports on U.S. industrial production and Chinese manufacturing activity. The data, however, had little impact as investors continue to wait for a break through on the fiscal cliff negotiations. The market has moved in a narrow range during the morning hours and shows little sense of direction... ECONOMIC EVENTS: In the U.S., a report showed consumer prices declined 0.3% in November, mainly because of falling gasoline costs. When food and energy are removed from the equation, "core" prices increased 0.1%, versus expectations for them to rise 0.2%. Markit's preliminary manufacturing PMI improved to 54.2 in December, versus the 52.8 final reading for November. Industrial production beat expectations with a 1.1% increase in November, versus expectations for a rise of 0.3%. Industrial production capacity utilization rose to 78.4%, which was a bit more than an expected move up to 78.0%. In China, Markit's flash China PMI rose to a 14-month high reading of 50.9, beating expectations for a 50.8 reading. In Europe, Germany's flash PMI hit an 8-month high with a 50.2 reading, while France hit a 4-month high at 45.0, though its figure still indicates contraction... COMPANY NEWS: General Electric (GE) boosted its dividend by 12% to 19c per share and increased its existing share repurchase authorization by $10B... Among companies reporting earnings last night, Adobe (ADBE) advanced nearly 6% while VeriFone (PAY) declined over 10%... MAJOR MOVERS: Among the notable gainers were Solazyme (SZYM), up about 11% after announcing it has reached commercial-scale output at a facility in Iowa, and AVG Technologies (AVG), up 9% after announcing a new Search and Distribution relationship with Yahoo! (YHOO). Among the noteworthy losers was Best Buy (BBY), which fell over 15% after its board extended the deadline for founder Richard Schulze to deliver a potential buy-out bid. Also lower were shares of Centene (CNC), down over 8% after the company cut its FY12 EPS guidance... INDICES: Near 12:30 pm ET, the Dow was down 4.05, or 0.03%, to 13,166.67; the Nasdaq was down 10.15, or 0.34%, to 2,982.01; and the S&P 500 was down 2.50, or 0.18%, to 1,416.95.
News For GE;ADBE;PAY;BBY;CNC;SZYM;AVG;YHOO From The Last 14 Days
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December 11, 2014
16:25 EDTADBEAdobe sees Q1 adobe marketing cloud revenue down sequentially
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16:24 EDTADBEAdobe sees FY15 adjusted EPS $2.05, consensus $2.07
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16:23 EDTADBEAdobe sees Q1 adjusted EPS 34c-40c, consensus 39c
Sees Q1 revenue $1.05B-$1.10B, consensus $1.1B.
16:14 EDTADBEAdobe up over 5% following Q4 results
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16:10 EDTADBEAdobe to acquire Fotolia for approximately $800 in cash
Adobe announced that it has entered into a definitive agreement to acquire privately-held Fotolia, a leading marketplace for royalty-free photos, images, graphics and HD video, for approximately $800 in cash. Fotolia will be integrated into Adobe Creative Cloud, providing current and future Creative Cloud members with the ability to access and purchase over 34M images and videos, significantly simplifying and accelerating the design process. The acquisition of Fotolia cements Creative Cloud’s role as a vibrant marketplace for creatives to buy and sell assets and services as well as showcase their talent to a worldwide audience. Adobe also plans to continue to operate Fotolia as a standalone stock service, accessible to anyone. The transaction, which is expected to close in the second half of Adobe’s fiscal Q1 2015, is subject to certain regulatory approvals and customary closing conditions. The potential financial impact to Adobe of this transaction is not reflected in financial targets Adobe has previously provided, or new targets disclosed as part of Adobe's financial results, released on December 11, 2014. Until the transaction closes, each company will continue to operate independently. Upon close Fotolia CEO, Oleg Tscheltzoff, will continue to lead the Fotolia team as part of Adobe’s Digital Media business.
16:08 EDTADBEAdobe reports Q4 cash flow from operations $400M
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16:07 EDTADBEAdobe reports Q4 creative ARR revenue $1.676B
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16:06 EDTADBEAdobe added 644,000 net new creative cloud subscriptions in Q4
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16:05 EDTADBEAdobe reports Q4 adjusted EPS 36c, consensus 30c
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15:13 EDTADBENotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Adobe Systems (ADBE), consensus 30c; Quiksilver (ZQK), consensus (11c); Nordson (NDSN), consensus $1.13; Dominion Diamond (DDC), consensus 27c.
14:59 EDTADBEAdobe December volatility elevated into Q4 and outlook
Adobe December call option implied volatility is at 45, January is at 31, April is at 28; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q4 results today after the market close.
14:43 EDTADBEAdobe technical comments ahead of earnings
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10:17 EDTYHOOCiti upbeat on Google in face of pending Apple decision on Safari
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08:09 EDTYHOOGoogle shares pricing in loss of Apple search deal, says Citigroup
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December 10, 2014
14:45 EDTCNCDeal would block payments to health insurance companies, The Hill says
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08:08 EDTBBYBest Buy field checks show good November, says Jefferies
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08:04 EDTGEGE Energy Financial Services, Pacifico to build second joint solar project
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08:00 EDTADBEAdobe December volatility increases into Q4 and outlook
Adobe December call option implied volatility is at 46, January is at 29, April is at 27; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on December 11.
December 9, 2014
10:31 EDTCNCCentene to host investor meeting
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07:24 EDTADBEAdobe December volatility elevated into Q4 and outlook
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