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News Breaks | | | | January 9, 2013 | | 16:20 EDT |  | APOL, S, HLF, ININ, DISH, HA, NUVA, CLWR | On The Fly: Closing Wrap
Stocks on Wall Street were higher as Alcoa's (AA) report and outlook sparked optimism regarding the Q4 earnings season that is just beginning. The averages drifted for much of the session, moving lower just after midday and again losing some ground prior to the close, but held onto enough of their gains to finish the day in positive territory... ECONOMIC EVENTS: In the U.S., the EIA's weekly petroleum status update showed that inventories of crude oil built up but by fewer barrels than expected, while gasoline and distillates built up by more than expected. In Europe, industrial output in Germany grew slightly in November but fell short of expectations, as the 0.2% adjusted monthly rise missed expectations for a 1.0% increase... COMPANY NEWS: Herbalife (HLF) dominated the headlines through the day, as Dan Loeb's hedge fund Third Point disclosed an 8.24% stake in the company this morning, sending shares sharply higher. Herbalife continued to trade higher until a Dow Jones headline said the SEC will open an investigation of the company, sending shares temporarily down almost $4. Shares of Herbalife, however, reversed again and finished the day up $1.60, or 4.17%, to $39.95 ahead of tomorrow's much anticipated investor meeting to address Bill Ackman's short thesis... Shares of Clearwire (CLWR) gained 21c, or 7.19%, to $3.13 after the company got an unsolicited $3.30 per share buyout bid from Dish Network (DISH). Sprint (S), which already owns a majority stake in Clearwire and has a deal in place to acquire the remaining interest in the company, saw its shares fall 9c, or 1.51%, to $5.88 following the news... MAJOR MOVERS: Among the notable gainers was NuVasive (NUVA), which rose $1.70, or 10.79%, to $17.46 after reporting preliminary revenue that beat expectations and having its stock upgraded to Sector Perform at RBC Capital. Also higher were shares of Interactive Intelligence (ININ), up $6.12 or 18.60%, to $39.02 after the company reported Q4 orders were up 119% over last year and gave an FY13 revenue view above consensus. Among the noteworthy losers was Apollo Group (APOL), down $1.61, or 7.69%, to $19.33 following its Q1 earnings report last night. Also lower were shares of Hawaiian Holdings (HA), down 46c, or 6.52%, to $6.59 following a two notch downgrade to Underperform from Buy at Bank of America Merrill Lynch... INDICES: The Dow was up 61.66, or 0.46%, to 13,390.51; the Nasdaq was up 14.00, or 0.45%, to 3,105.81; and the S&P 500 was up 3.87, or 0.27%, to 1,461.02. | |
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News For HLF;CLWR;DISH;S;NUVA;ININ;APOL;HA From The Last 14 Days Check below for free stories on HLF;CLWR;DISH;S;NUVA;ININ;APOL;HA the last two weeks. |
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| May 22, 2013 | | 15:43 EDT |  | S, CLWR | Clearwire holder group sees Sprint offer as still too low
Clearwire (CLWR) shareholders Mount Kellett, Highside Capital, Glenview Capital and Chesapeake Partners, who collectively reported an 18.2% stake in Clearwire, stated in a regulatory filing that they continue to believe that the proposed price offered by Sprint (S) for Clearwire is too low. | | | 14:06 EDT |  | S | Google’s X Phone confirmed for Sprint, BGR says
 Subscribe for More Information | | | 09:09 EDT | | CLWR, S | Clearwire board recommends holders vote for increased offer from Sprint
Clearwire (CLWR) announced that its Special Committee of the board have each approved the revised offer from Sprint (S) to acquire the approximately 50% stake in the company it does not currently own for $3.40 per share. The Special Committee of the board determined that the revised offer, when compared with other potential transactions reasonably available to the company at this time, is the most favorable potential transaction to the company's unaffiliated stockholders and that the terms of the revised offer are advisable, fair to and in the best interest of such stockholders. The Clearwire board recommends that stockholders vote their shares FOR all of the proposals relating to the transaction with Sprint by returning the WHITE proxy card with a "FOR" vote for all proposals. | | | 08:14 EDT | | APOL | Apollo Group's University of Phoenix and Cleantech Open form internship program
The Apollo Group, parent company of the University of Phoenix, and the Cleantech Open, the world’s largest cleantech accelerator, are launching a new internship program that provides University students and alumni the opportunity to work alongside senior management of the Cleantech Open to foster the next generation of entrepreneurs creating tomorrow’s clean and sustainable technologies. As the official education partner of the Cleantech Open, University of Phoenix provides clean-technology and business curriculum to semifinalists, finalists and alumni companies of the Cleantech Open. | | | 07:48 EDT |  | NUVA | FDA Orthopaedic and Rehabilitation Devices Panel to hold a meeting
Subscribe for More Information | | | 07:29 EDT | | DISH | Xbox won't hurt pay TV companies in near-term, AllThingsD says
Subscribe for More Information | | | 06:31 EDT | | HLF | Icahn up $228M, Ackman down $10M on Herbalife, NY Post reports
Carl Icahn's long position in Herbalife (HLF) is up $228M while Bill Ackman's short position in the company is down $10M, New York Post reports. Reference Link | | | May 21, 2013 | | 13:43 EDT | | S, CLWR | Clearwire reschedules special shareholder meeting
Subscribe for More Information | | | 13:36 EDT | | CLWR, S | Clearwire holder Crest Financial protest company's delay of vote on merger
Crest Financial Limited, the largest of the independent minority stockholders of Clearwire Corporation (CLWR), protested the decision of the Clearwire Board of Directors to adjourn the Clearwire special meeting to consider Sprint's (S) increased offer price of $3.40 per share. Crest said that it has sent a letter to the Clearwire Board of Directors urging them to resist Sprint's new offer so that Clearwire can pursue direct offers through a competitive process once the bidding war over Sprint is concluded. Crest's letter to the Clearwire Board said, "Sprint's new offer for Clearwire still significantly undervalues Clearwire and its assets and provides no protections to minority stockholders." | | | 12:16 EDT | | HLF | Herbalife resumes, up 3.5% to $50.95 after naming PwC as auditor
Subscribe for More Information | | | | 12:13 EDT | | HLF | Herbalife selects PricewaterhouseCoopers as auditor, PwC to re-audit prior years
Herbalife announced that the Audit Committee of its Board of Directors has engaged PricewaterhouseCoopers as the company's independent auditors. PwC will commence work immediately to re-audit the company's consolidated financial statements for the fiscal years ended December 31, 2010, 2011 and 2012 and PwC will also review the company’s condensed consolidated financial statements for the first quarter of 2013. “We are very pleased to have engaged PwC to serve as the Company’s independent auditor. They will begin work immediately to re-audit the Company’s December 31, 2010, 2011 and 2012 consolidated financial statements. Investors should rest assured that the Company will be working to assist PwC in any way necessary to facilitate their work,” said the chairman of Herbalife’s audit committee Leroy Barnes. | | | 12:11 EDT |  | CLWR | Follow-up: Clearwire upgraded to Market Perform from Sell at Janco
Subscribe for More Information | | | 12:08 EDT | | CLWR | Clearwire upgraded to Market Perform from Sell at Janco
| | | 12:07 EDT | | HLF | Herbalife engages PricewaterhouseCoopers as new audit firm
Subscribe for More Information | | | 11:56 EDT | | HLF | Herbalife trading halted, pending news
Subscribe for More Information | | | 10:24 EDT |  | CLWR | Sprint, Clearwire deal likely gets done, says Wells Fargo
Wells Fargo believes Sprint's (S) raised offer for Clearwire (CLWR) is likely enough to get the deal approved by shareholders. Wells has an Outperform rating on Sprint and Market Perform rating on Clearwire. | | | 10:06 EDT |  | HLF | Herbalife May weekly volatility spikes on sharp rally
Subscribe for More Information | | | 09:48 EDT | | CLWR | Clearwire resumes trading, up 3.7% to $3.38
Subscribe for More Information | | | 09:32 EDT | | CLWR, S | Clearwire to resume trading at 9:45 am ET
Subscribe for More Information | | | 09:23 EDT | | CLWR, S | Clearwire receives increase offer from Sprint
Clearwire (CLWR) confirmed that it has received a revised offer from Sprint (S) to acquire the approximately 50% stake in the company it does not currently own for $3.40 per share. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Special Committee of the Clearwire board will review this revised proposal from Sprint. | | |
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