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Stock Market & Financial Investment News

News Breaks
May 13, 2014
12:28 EDTHALO, RDEN, RAX, KO, WHR, GMCROn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday after a report showed that retail sales barely rose in April. The Nasdaq, which has been the market leader all year, was in negative territory near noon, while the Dow and S&P 500 were both slightly positive. ECONOMIC EVENTS: In the U.S., the NFIB small business optimism index rose to 95.2 in April, beating the consensus forecast for a 94.5 reading. Retail sales edged up 0.1% in April from the prior month, missing expectations for a 0.4% monthly increase. A measure of import prices fell 0.4% in April, compared to a forecast for a 0.3% increase. Export prices, which were also expected to fractionally increase, declined 1.0%. In China, retail sales increased 11.9% in April compared to the same month of last year, which was a bit below expectations. Industrial production growth in the month also slightly trailed the consensus forecast, rising 8.7%. In Europe, the Zew economic sentiment index for the euro area unexpectedly slipped to 55.2 in May from 61.2 in April. Also, a Wall Street Journal report indicated that the Bundesbank is ready to support a package of ECB easing measures in June to include a negative deposit rate and purchases of asset-backed securities. COMPANY NEWS: Keurig Green Mountain (GMCR) shares rose nearly 10% after Coca-Cola (KO) disclosed a deal to purchase additional shares, which increase Coke's stake in the K-cup coffee machine maker up to 16%. In February, Coca-Cola agreed to buy a 10% stake in Green Mountain for $1.25B, with an option to increase its stake in the future. MAJOR MOVERS: Among the notable gainers was Halozyme Therapeutics (HALO), which gained over 15% after reporting first quarter results and announcing that a committee supervising one of its previously halted clinical studies now supports continued enrollment of patients. Also higher was cloud company Rackspace (RAX), which advanced more than 7% after its first quarter results topped analysts' consensus estimates. Among the noteworthy losers was perfume and cosmetic maker Elizabeth Arden (RDEN), which plunged 20% after unexpectedly reporting a third quarter loss amid weaker than expected sales. Elizabeth Arden also confirmed that it has engaged Goldman Sachs (GS) to assist its board in looking into potential strategic alternatives, as had been reported by Reuters last month. Also lower were shares of appliance maker Whirlpool (WHR), which fell 3% after research firm Longbow downgraded the stock following its April retailer survey indicated a growth slowdown in both wholesale and sell-through volumes against the backdrop of a slowing U.S. housing sector. INDEXES: Near midday, the Dow was up 15.99, or 0.1%, to 16,711.46, the Nasdaq was down 11.17, or 0.27%, to 4,132.68, and the S&P 500 was up 0.66, or 0.03%, to 1,897.31.
News For GMCR;KO;RDEN;WHR;RAX;HALO From The Last 14 Days
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September 3, 2015
09:20 EDTKOCoca-Cola amends bylaws to implement proxy access bylaw
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05:16 EDTGMCRStocks with implied volatility below IV index mean; HRB GMCR
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September 2, 2015
05:32 EDTGMCRStocks with implied volatility below IV index mean; FCX GMCR
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September 1, 2015
06:03 EDTWHRWhirlpool confirms approach regarding possible offer for AGA
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06:02 EDTWHRAGA Rangemaster says receives approach for possible offer from Whirlpool
AGA Rangemaster announces that it has received an approach regarding a possible cash offer for the company from Whirlpool Corporation. The announcement of a firm offer by Whirlpool is subject to the satisfaction or waiver of a number of conditions including due diligence. In accordance with its obligations under the UK Takeover Code, the company has granted due diligence access to Whirlpool and is in discussions with Whirlpool regarding other aspects of the Possible Offer. Given the conditionality of the Whirlpool offer, the Board of AGA believes it is in the best interests of AGA Shareholders, taken as a whole, to ensure that the Middleby Transaction continues to be executed on the current timetable to avoid any delay to completion of that transaction should a firm offer from Whirlpool not be forthcoming. Accordingly, the Board of AGA continues to recommend the offer made by Middleby to AGA Shareholders.
05:57 EDTWHRWhirlpool volatility at upper end of range
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August 26, 2015
08:05 EDTGMCRKeurig Green Mountain to bring illy brand to K-Cup pods for hot breweing system
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August 25, 2015
07:08 EDTKOCoca-Cola says to meet 2020 water replenishment goal by end of 2015
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August 24, 2015
18:02 EDTGMCRS&P 500 enters correction territory amid global growth concerns
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08:31 EDTHALOHalozyme names Michael LaBarre chief scientific officer
Halozyme named Michael J. LaBarre, Ph.D. as chief scientific officer, succeeding Dr. Michael Shepard, who was appointed a Research Fellow for the company. "Mike has deep experience characterizing early stage assets, making him an ideal leader for our research organization as we invest further in our promising pipeline," said Dr. Helen Torley, president and chief executive officer. "We have a full agenda for the second half of 2015 as we broaden the study of our investigational new drug PEGPH20 in multiple tumor types and prepare for our pivotal phase 3 study in pancreatic cancer patients. I am pleased to have a proven leader of Mike's caliber to guide our research efforts as we invest for future growth."
August 23, 2015
13:36 EDTKOCoca-Cola shares could return 30% over next few years, Barron's says
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