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Stock Market & Financial Investment News

News Breaks
January 9, 2013
16:20 EDTHLF, CLWR, DISH, S, NUVA, ININ, APOL, HAOn 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.
News For HLF;CLWR;DISH;S;NUVA;ININ;APOL;HA From The Last 14 Days
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July 14, 2014
18:15 EDTAPOLOn The Fly: After Hours Movers
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18:00 EDTSSprint plans for lengthy review of T-Mobile deal, Bloomberg reports
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17:44 EDTSSprint said to plan for lengthy review of T-Mobile deal, Bloomberg says
Sprint and T-Mobile reportedly planning 18-month drop-dead period for the deal, and Sprint lenders are looking for higher fees to commit longer term. Sprint and T-Mobile also considering a JV to bid for wireless spectrum, Bloomberg added.
16:57 EDTDISHCourt of Appeals reaffirms rejection of Fox's claims against DISH's Hopper
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16:44 EDTDISHFox Broadcasting loses bid to halt 'Dish Anywhere,' Hollywood Reporter says
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16:34 EDTAPOLApollo Education down nearly 8% after DoE review
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16:30 EDTAPOLDoE to conduct review on Apollo's University of Phoenix financial aid program
Apollo Education disclosed in a regulatory filing that it has been informed by the U.S. Department of Education that the Department intends to conduct an ordinary course program review of University of Phoenix’s administration of federal student financial aid ,Title IV, programs in which the University participates. The review, which is scheduled to commence August 4, initially will cover federal financial aid years 2012-2013 and 2013-2014, as well as compliance with the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act, the Drug-Free Schools and Communities Act and related regulations.
14:43 EDTDISHDISH's Ergen, LightSquared resolve legal dispute, Reuters says
LightSquared, a bankrupt wireless venture owned by Phil Falcone’s Harbinger Capital Partners, and Dish Network Chairman Charles Ergen have resolved a legal dispute in which LightSquared had accused Ergen of trying to surreptitiously gain control of the company, says Reuters. Reference Link
July 11, 2014
16:22 EDTSOn The Fly: Closing Wrap
Stocks on Wall Street were higher today, but were still lower for the week, as concerns in Europe have come back to the forefront of investors' minds. Today's modest bounce was not enough to make up for the declines seen in three of the other four sessions earlier in the week. ECONOMIC EVENTS: In the U.S., the June federal budget statement showed a surplus of $70.5B for the month, compared to analysts' forecast for a $79B surplus. COMPANY NEWS: Shares of Wells Fargo (WFC) slipped 32c, or 0.62%, to $51.49 after the largest mortgage lender in the U.S. posted earnings of $1.01 a share that matched analysts' consensus forecast. Wells did note that its credit performance continued to improve in Q2 and CEO John Stumpf said he is "optimistic about the future" for the bank... Lorillard (LO) advanced $2.92, or 4.63%, to $66.01, while Reynolds American fell 51c, or 0.82%, to $61.75, after the two cigarette makers confirmed that they are holding talks about a possible merger, as has been speculated by various media reports in recent weeks... In another update to an ongoing M&A story, Japan's Nikkei reported that Sprint's (S) corporate parent, Softbank (SFTBF), has reached an agreement to acquire T-Mobile (TMUS) from Deutsche Telecom (DTEGY), clearing the way for the long-speculated merger between the third and fourth largest wireless carriers in the U.S. Following the new story, Sprint shares finished the day up 30c, or 3.64%, to $8.55, while T-Mobile rose 62c, or 1.89%, to $33.50. MAJOR MOVERS: Among the notable gainers was Ruckus Wireless (RKUS), which advanced 87c, or 7.9%, to $11.88 after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Also higher was Amazon.com (AMZN), which climbed $18.28, or 5.57%, to $346.20 after consulting firm ChannelAdvisor (ECOM) reported that the company's same-store sales growth had accelerated significantly in June compared with May. Among the noteworthy losers was Rent-A-Center (RCII), which dropped $3.18, or 10.94%, to $25.88 after the company warned that its revenue and earnings for Q2 will not meet expectations. Also lower were shares of industrial and construction supply retailer Fastenal (FAST), which fell $2.00, or 4.16%, to $46.15 after its Q2 revenue missed analysts' consensus view and the company reported plans to close 45 stores. INDEXES: The Dow was up 28.74, or 0.17%, to 16,943.81, the Nasdaq was up 19.29, or 0.44%, to 4,415.49, and the S&P 500 was up 2.83, or 0.14%, to 1,967.51.
13:10 EDTSSprint, T-Mobile rally following merger report from Nikkei
13:09 EDTSSoftbank near deal to buy T-Mobile, merge with Sprint, Nikkei reports
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13:05 EDTSSoftbank near deal to buy T-Mobile, merge with Sprint, Nikkei reports
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July 10, 2014
14:15 EDTHLFHerbalife p.r. flurry 'smells of desperation,' Seeking Alpha contributor says
Herbalife, in an effort to inform investors that 21 independent members are traveling to Washington D.C. in support of the company, released six nearly identical press releases this morning, as noted by Seeking Alpha contributor "Quoth the Raven." Putting the news out in this way, via six press releases instead of "one, concise release is unprofessional and farcical - it smells of desperation for positive press," according to the author, who disclosed a short position in the stock. Reference Link
13:40 EDTDISHVerizon CEO calls Q2 'strong,' says not interested in satellite company
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06:02 EDTDISHDISH to participate in upcoming wireless spectrum auction, Re/code reports
Dish Network is planning to participate "meaningfully" in the upcoming wireless spectrum auction, Re/code reports. Dish has signaled that it could allocate the airwaves for high-speed mobile services. Reference Link
July 9, 2014
16:32 EDTININInteractive Intelligence's Chief Marketing Officer leaving company
Interactive Intelligence’s chief marketing officer, Joe Staples, will depart the company July 30, to assume a senior marketing position in an unrelated industry. The company has begun an immediate search for a chief marketing officer.
15:54 EDTDISHDISH expresses concerns over Comcast, AT&T deals to FCC
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10:53 EDTDISHDISH, Ergen sued by Harbinger regarding LightSquared, Reuters says
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07:20 EDTHAAirline sell-off an attractive long-term opportunity, says Deutsche Bank
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July 8, 2014
07:00 EDTSSprint tests discounted versions of Framily, individual plans, CNet reports
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