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News Breaks | | | | February 1, 2013 | | 10:07 EDT |  | WAG, GNC, VSI, AMZN | GNC drops after William Blair cuts rating on growth concerns
Natural supplement retailer GNC (GNC) is falling after William Blair analyst Mark Miller downgraded the stock to Market Perform from Outperform in a note to investors earlier today. GNC's strong sales in the first half of 2012 increase the risk that the company's sales growth will decline in upcoming quarters, Miller believes. Meanwhile, Amazon.com (AMZN) is selling more of GNC's products at lower prices, creating additional competition for GNC. Since GNC doesn't sell its products to Amazon, the online retailer is likely receiving the supplements from GNC franchisees, Miller explains. Meanwhile, GNC is seeing increased competition from other brick and mortar retailers, including Vitamin Shoppe (VSI) and Walgreen (WAG), reports the analyst. In early trading, GNC dropped $1.95, or 5.43%, to $33.99. | |
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News For GNC;AMZN;VSI;WAG From The Last 14 Days Check below for free stories on GNC;AMZN;VSI;WAG the last two weeks. |
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| May 17, 2013 | | 12:33 EDT | | WAG | AmerisourceBergen receives approval of Walgreens, Alliance Boots investment
AmerisourceBergen (ABC) announced that the parties have received regulatory approval of the previously disclosed agreement for Walgreen (WAG) and Alliance Boots GmbH to purchase an equity stake in the company. AmerisourceBergen continues to expect the new agreements to contribute an incremental $25B in revenues and approximately 20c in earnings per share in FY14, excluding the amortization of certain expenses related to the transaction and the warrants issued, certain non-recurring costs and a potential LIFO charge, and net of certain start up expenses. In addition, the company reiterated its expectations for financial performance for fiscal year 2013, which includes expected revenue growth in the 11%-13% range, and diluted earnings per share from continuing operations in the lower half of the range of $3.04 to $3.14, excluding certain expenses related to the relationship with Walgreens and Alliance Boots and the warrants issued, and the expected LIFO charge from onboarding of additional branded inventory. | | | 07:10 EDT |  | AMZN | U.K. to question Amazon over income tax, Reuters reports
 Subscribe for More Information | | | 06:43 EDT | | AMZN | Apple disputing government's e-book allegations, NY Times says
Apple (AAPL) is aggressively combating the U.S. government's contention that it pushed Amazon.com (AMZN) and publishers to raise e-book prices,The New York Times reported yesterday, citing court papers filed this week. Amazon and publishing companies were already looking to use a different pricing model before Apple joined the e-book business in 2000, the newspaper quotes Apple as stating. A trial over the Justice Department's lawsuit against Apple regarding e-book pricing is slated to start June 3, the newspaper noted. Reference Link | | | 06:12 EDT | | AMZN | Apple losing its edge as innovator, poll shows, Bloomberg reports
Subscribe for More Information | | | 06:06 EDT | | AMZN | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. | | | May 16, 2013 | | 10:03 EDT |  | AMZN | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Amazon.com (AMZN) initiated with a Buy at Lazard Capital... Apple (AAPL) initiated with a Neutral at Susquehanna... Churchill Downs (CHDN) initiated with a Buy at Brean Capital... Interpublic Group (IPG) initiated with an Overweight at Evercore... Monarch Casino (MCRI) initiated with a Buy at Brean Capital... Stillwater Mining (SWC) coverage resumed with an Outperform at Wells Fargo... Wabtec (WAB) initiated with an Overweight at Atlantic Equities... eBay (EBAY) initiated with a Buy at Lazard Capital... Dangdang (DANG) initiated with a Buy at BofA/Merrill... Coeur d’Alene Mines (CDE) coverage resumed with a Neutral at JPMorgan... ValueClick (VCLK) initiated with an Underperform at Northland Securities... Yelp (YELP) initiated with an Outperform at Cowen. | | | 09:24 EDT | | AMZN | Amazon.com expands content licensing agreement with NBCUniversal
Subscribe for More Information | | | 06:46 EDT | | AMZN | Amazon.com initiated with a Buy at Lazard Capital
Subscribe for More Information | | | May 15, 2013 | | 17:46 EDT | | GNC, AMZN | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . | | | 08:19 EDT | | AMZN | Amazon paid $3.7M tax in U.K.on $6.B in sales, Reuters reports
Subscribe for More Information | | | | May 14, 2013 | | 12:57 EDT | | VSI | Vitamin Shoppe initiated with a Buy at Tigress Financial
Tigress Financial believes Vitamin Shoppe's sales growth will accelerate in the second half of the year. | | | 07:54 EDT | | AMZN | Amazon's employees in Germany to strike for pay, benefits, Reuters reports
Subscribe for More Information | | | 07:05 EDT | | AMZN | Netflix continues to lead web usage in North America, AllThingsD reports
Subscribe for More Information | | | May 13, 2013 | | 15:22 EDT | | AMZN | Amazon confirms purchase of Samsung screen technology, The Digital Reader says
Subscribe for More Information | | | 08:32 EDT | | WAG | Walgreens extends CVS Caremark network provider agreement
Subscribe for More Information | | | May 10, 2013 | | 14:52 EDT |  | AMZN | Market poised to end week higher as tech helps lead advance
Subscribe for More Information | | | 07:24 EDT | | AMZN | Alibaba to expand beyond China, Economic Times reports
Alibaba is looking to expand beyond its home market in China by targeting overseas Chinese through its flagship e-commerce website Taobao, reports the Economic Times. Taobao is China's most popular e-shopping platform, with over 90% of the online market for consumer-to-consumer transactions in the country. It had more than 800M product listings and over 500M registered users as of last year. Reference Link | | | 07:08 EDT | | AMZN | ESPN considers subsidizing wireless data plans, WSJ reports
Subscribe for More Information | | | May 9, 2013 | | 13:41 EDT | | AMZN | Amazon hardware developments include phone with 3D screen, WSJ reports
Subscribe for More Information | | | 13:21 EDT | | AMZN | Amazon has been developing smartphone with 3D screen, DJ reports
Dow Jones, citing sources, says Amazon has been developing a smartphone with a 3D screen, and has been developing an audio-only streaming device. | | |
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