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Stock Market & Financial Investment News

News Breaks
March 26, 2013
12:31 EDTGS, BRK.A, SONC, RFMD, ZIOP, CLMTOn The Fly: Midday Wrap
Stocks on Wall Street were higher right out of the gate and have not moved far from their opening levels near midday. Investors received a fair amount of domestic economic data, including better than expected reports on home prices and durable goods orders. The flip side, however, was some worse than expected consumer confidence and new home sales data. Despite the mixed data, the market seems intent on closing the quarter with its gains intact as the end of the month approaches... ECONOMIC EVENTS: In the U.S., overall orders for durable goods rose 5.7% in February, versus expectations for an increase of 3.9%. However, excluding transportation, orders slipped 0.5%, versus expectations for a 0.6% rise. The S&P/Case-Shiller 20-city home price index climbed 8.1% in the 12 months ending in January, after rising 6.8% a month earlier. New home sales dropped 4.6% to 411K in February, versus expectations for a decline to 414K. Consumer confidence fell 8.3 points to 59.7 in March, which was worse than the expected pull back to 69.0. The Richmond Fed manufacturing survey reading of 3 for March missed expectations for it to hold at 6... COMPANY NEWS: Goldman Sachs (GS) announced that it amended its warrant agreement with Berkshire Hathaway (BRK.A) to settle in terms of net shares in place of a cash settlement, quoting Berkshire's Chairman and CEO Warren Buffett as having said, "We intend to hold a significant investment in Goldman Sachs." Shares of Goldman, which rose early in the session, were down fractionally near noon... MAJOR MOVERS: Among the notable gainers were Sonic (SONC), which rose 8% following its earnings report, and RF Micro Devices (RFMD), which rallied nearly 6% after Oppenheimer upgraded the stock to an Outperform rating. Among the noteworthy losers was Ziopharm (ZIOP), which was downgraded by at least four analyst firms and plunged over 61% after terminating development of a cancer drug after a clinical study missed its goal. Also lower were shares of Calumet Specialty Products (CLMT), down 4% after an offering of 5.25M of its shares priced at $37.50... INDICES: Near midday, the Dow was up 74.84, or 0.52%, to 14,522.59; the Nasdaq was up 5.90, or 0.18%, to 3,241.20; and the S&P 500 was up 6.36, or 0.41%, to 1,558.05.
News For A;SONC;RFMD;ZIOP;CLMT From The Last 14 Days
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October 1, 2014
12:11 EDTRFMDSkyworks sinks after report of weak Chinese smartphone sales growth
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September 30, 2014
08:18 EDTAAgilent risk/reward favorable into spin-off, says Leerink
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08:18 EDTAAgilent risk/reward favorable into spin-off, says Leerink
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September 29, 2014
16:20 EDTAAgilent says regulatory authorities close past FCPA probe
Agilent disclosed in a filing that on September 6, 2013, Agilent Technologies disclosed in its Form 10-Q that it had initiated an internal investigation relating to certain sales of company products through third party intermediaries in China and compliance by company employees in China with the requirements of the U.S. Foreign Corrupt Practices Act and other applicable laws and regulations. The company further disclosed that it had voluntarily advised the United States Department of Justice and the United States Securities and Exchange Commission of the investigation. On September 15, the company received a letter from the SEC’s Division of Enforcement stating that its investigation had been completed and that the Division of Enforcement did not intend to recommend any enforcement action against the company by the SEC. On September 24, the company received a letter from DOJ stating that DOJ had closed its inquiry into the matter, citing the company’s voluntary disclosure and thorough investigation.
11:02 EDTAAgilent announces collaboration with University of Toronto
Agilent announced a collaboration with scientists at the University of Toronto’s Donnelly Centre for Cellular and Biomolecular Research to produce a comprehensive metabolomics multiple-reaction monitoring library and methodology, using Agilent’s Infinity 1290 UHPLC and 6460 triple quadrupole mass spectrometry system.
September 26, 2014
07:22 EDTAAgilent management to meet with Jefferies
Meeting to be held in the Mid-Atlantic area on October 2 hosted by Jefferies.
September 24, 2014
07:05 EDTCLMTCalumet Specialty Products management to meet with UBS
Meeting to be held in Toronto on September 24 hosted by UBS.
07:00 EDTRFMDRF Micro Devices initiated with a Buy at MKM Partners
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September 19, 2014
09:19 EDTRFMDOn The Fly: Pre-market Movers
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08:11 EDTRFMDTriQuint chip among those in iPhone 6 Plus, iFixit reports
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08:03 EDTRFMDInvenSense, NXP, RF Micro chips included in iPhone 6, iFixit reports
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September 18, 2014
18:06 EDTRFMDTriQuint, RF Micro Devices announce new company name
RF Micro Devices (RFMD) and TriQuint Semiconductor (TQNT) revealed that the holding company under which the companies will combine in a merger of equals will be named Qorvo. Shareholders of both TriQuint and RFMD voted to approve the merger on September 5, and the transaction is expected to close in the second half of 2014, following other required regulatory approvals and satisfaction of customary closing conditions. Qorvo is expected to be traded on the NASDAQ Global Stock Market under the ticker symbol “QRVO” following closing of the merger.

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