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Stock Market & Financial Investment News

News Breaks
January 9, 2013
16:20 EDTAPOL, S, HLF, ININ, DISH, HA, NUVA, CLWROn 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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April 11, 2014
16:39 EDTHLFFBI investigating Herbalife, no evidence of criminal activity, CNBC says
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16:21 EDTHLFOn The Fly: Closing Wrap
Stocks on Wall Street were lower in a session that saw the averages struggle for direction early before sellers gained control and pushed stocks lower through the second half of the session. With today's losses, the averages each finished the week with losses greater than 2%, with the tech-heavy Nasdaq losing 3% to close below 4,000 for the first time since early February. ECONOMIC EVENTS: In the U.S., the Producer Price Index jumped 0.5% in March, versus expectations for it to be up 0.1%. The University of Michigan consumer sentiment reading jumped to 82.6 in the preliminary April look, which was better than forecast and its highest reading since July. COMPANY NEWS: JPMorgan (JPM) and Wells Fargo (WFC) kicked off earnings season for the major banks, with their quarterly results, and stocks, moving in opposite directions following the news. Dow member JPMorgan fell $2.10, or 3.66%, to $55.30 after its earnings per share and revenue significantly trailed consensus estimates. Shares of Wells gained 37c, or 0.78%, to $48.08 after the bank's profits beat the consensus forecast. MAJOR MOVERS: Among the notable gainers was BofI Holding (BOFI), up $6.02, or 8.09%, to $80.46 near midday after the company last night announced a deal to acquire H&R Block's (HRB) bank assets. H&R Block shares fell 78c, or 2.74%, to $27.64. Also higher was Zygo (ZIGO), up $4.75, or 32.36%, to $19.43 after the company agreed to be acquired by Ametek (AME) for $19.25 per share in cash in a deal that represents an aggregate enterprise value of $280M for Zygo. Among the noteworthy losers was Herbalife (HLF), down $8.36, or 13.97%, to $51.48 after a report late in the session from the Financial Times said the company is facing a criminal investigation from the U.S. Department of Justice and FBI regarding its business practices. Also lower was NQ Mobile (NQ), a recent target of noted short-seller Carson Block, down $3.29, or 20.58%, to $12.70 after its profit missed expectations and the company disclosed that it found accounting errors in its recent reports. INDEXES: The Dow was down 143.47, or 0.89%, to 16,026.75; the S&P 500 was down 17.39, or 0.95%, to 1,815.69; the Nasdaq was down 54.37, or 1.34%, to 3,999.73.
16:15 EDTHLFHerbalife says no knowledge of ongoing investigation by DoJ or FBI
Herbalife issued the following statement in response to media reports and rumors in the marketplace: "We have no knowledge of any ongoing investigation by the DoJ or the FBI, and we have not received any formal nor informal request for information from either agency. We take our public disclosure obligations very seriously. Herbalife does not intend to make any additional comments regarding this matter unless and until there are material developments."
16:07 EDTHLFHerbalife plunges on report of DOJ and FBI criminal probe
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15:54 EDTHLFNu Skin puts active after FT reports Herbalife facing criminal investigation
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15:47 EDTHLFHerbalife puts active on criminal probe launched, FT says
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15:45 EDTHLFUsana, Nu Skin on lows after FT reports Herbalife facing criminal investigation
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15:39 EDTHLFU.S. DoJ, FBI launch criminal probe into Herbalife, FT says
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15:38 EDTHLFCriminal probe launched into Herbalife, FT says
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15:08 EDTHLFHerbalife bracing for 20/20 report on business practices, Gasparino says
On Twitter, Charlie Gasparino said, "FBN NEWS: $HLF bracing for news magazine @ABC2020 expose on company's business practices worried abt a new whistle blower." Reference Link
07:26 EDTDISHTime Warner struggling to force Dodgers network on pay-TV players, LAT say
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April 9, 2014
11:15 EDTST-Mobile unveils $40 monthly price plan called 'Simple Starter'
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April 8, 2014
11:00 EDTAPOLOptions with decreasing implied volatility: APOL KMX EPB
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April 7, 2014
11:15 EDTAPOL Options with decreasing implied volatility: MNKD GALT DLLR APOL
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April 5, 2014
19:52 EDTDISHDISH's Ergen sues Falcone over handling of LightSquared's bankruptcy, WSJ says
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April 4, 2014
12:13 EDTSSprint launches promotion, offering $650 for customers to switch, BGR reports
Sprint has begun a promotion that will offer people up to $650 to make the switch to their company, reports BGR. Through a forum member on Sprint's fan site S4GRU, the company launched a limited promotion to reimburse new customers up to $350 in early termination fees, as well as a service credit of up to $300 when they trade in their old phones. Reference Link
11:16 EDTAPOLOptions with decreasing implied volatility: MNKD GALT CYTK DLLR APOL
11:02 EDTSSoftbank said to eye possible M&A opportunities in Europe, Forbes says
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08:47 EDTSLenovo, IBM deal investigated by U.S. over Pentagon servers, Bloomberg says
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08:07 EDTSRegulators 'increasingly open' to Sprint, T-Mobile merger, says FBR Capital
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