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Stock Market & Financial Investment News

News Breaks
January 10, 2013
16:30 EDTMCP, SVU, ELLI, ZLC, F, BV, NOK, HLFOn The Fly: Closing Wrap
Stocks on Wall Street finished higher after U.S. weekly jobless claims came in slightly worse than expected, while export data from China beat expectations. In spite of the data, released last night and this morning, the markets drifted near the flat-line for much of the session before running higher into the close... ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 4K to 371K, versus expectations for 362K claims. Wholesale inventories increased 0.6% in November, versus expectations for an increase of 0.2%. The Job Openings & Labor Turnover survey showed advertised job openings climbed 11,000 in November to 3.67M, which was about 12% more than in the same month a year ago. In Europe, the ECB kept its main interest rate unchanged. The Bank of England also voted, as expected, to keep its main interest rate unchanged and not to buy more government bonds. China's trade surplus rose to $31.6B in December from $19.6B in November, as exports increased 14.1% compared with the same period a year earlier, widely beating expectations for a 4.5% increase. Imports gained 6%, compared to expectations for a 2.6% increase... COMPANY NEWS: Herbalife (HLF) made a lengthy presentation to defend itself following Bill Ackman's own lengthy presentation in which he laid out his short thesis and called the company a pyramid scheme. Herbalife shares briefly traded higher as the investor event was ongoing, but finished the day down 71c, or 1.78%, at $39.24... Ford (F) shares rose 36c, or 2.67%, to $13.83 after the company doubled its quarterly dividend to 10c per share... Supervalu (SVU) gained $43c, or 14.14%, to $3.47 after the company agreed to sell its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market chains to a Cerberus-led consortium in a transaction valued at $3.3B. The company also reported a quarterly profit on sales that were roughly in-line with expectations... MAJOR MOVERS: Among the notable gainers was Nokia (NOK), up 70c, or 18.67%, to $4.45 after announcing its Mobile Phones business unit and Lumia portfolio delivered better than expected results in Q4 and operating expenses were lower than expected. Also higher was Zale (ZLC), up 49c, or 11.69%, to $4.68 after reporting holiday period SSS up 2.3% and saying that it expects positive net income for FY13. Among the noteworthy losers was Molycorp (MCP), down $2.45, or 22.71%, to $8.34 after forecasting lower than expected 2013 revenue and cash flow, and Bazaarvoice (BV), which fell sharply and settled down $1.41, or 15.84%, to $7.49 after the Department of Justice said it was filing an antitrust lawsuit against the company related to its June acquisition of PowerReviews. Also lower were shares of Ellie Mae (ELLI), down $2.26, or 8.21%, to $25.26 after the Consumer Finance Protection Agency said it would introduce new eligibility requirements for mortgages... INDICES: The Dow was up 80.71, or 0.60%, to 13,471.22; the Nasdaq was up 15.95, or 0.51%, to 3,121.76; and the S&P 500 was up 11.10, or 0.76%, to 1,472.12.
News For HLF;F;SVU;NOK;ZLC;MCP;BV;ELLI From The Last 14 Days
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March 19, 2015
07:55 EDTMCPMolycorp bondholders led by Apollo close to hiring Blackstone, Bloomberg says
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March 18, 2015
15:22 EDTMCPMolycorp creditors close to hiring Blackstone, Bloomberg says
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13:49 EDTHLFHerbalife says 'confident in strong fundamentals of business model'
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09:23 EDTHLFOn The Fly: Pre-market Movers
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08:02 EDTHLFHerbalife wins dismissal of class action 'pyramid scheme' lawsuit
On March 16, a judge in the U.S. District Court for the Central District of California granted Herbalife its motion to dismiss a class action complaint brought on behalf of shareholders who allege that the company and its executives violated federal securities laws by misrepresenting the "nature, scope and legality" of the company's business and operations. According to the plaintiffs, Herbalife and its executives, including CEO Michael Johnson, misrepresented Herbalife as a legitimate multi-level marketing company when it "is actually an illegal pyramid scheme." The court concluded that the suit's plaintiffs have not adequately pled loss causation, meaning that the court need not consider Herbalife’s alternative arguments, according to a court filing. Shares of Herbalife are up 3% in pre-market trading after the court dismissal was widely reported by Bloomberg last night.
07:13 EDTHLFHerbalife complaint letter signer subpoenaed, Hartford Courant reports
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05:45 EDTMCPStocks with implied volatility movement; MCP FXCM
Stocks with implied volatility movement; Molycorp (MCP) 270, FXCM (FXCM) 86 according to iVolatility.
March 17, 2015
19:42 EDTHLFOn The Fly: After Hours Movers
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18:27 EDTHLFHerbalife up over 5% following favorable court ruling in 'pyramid scheme' suit
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18:07 EDTHLFHerbalife wins dismissal of 'pyramid scheme' lawsuit, Bloomberg says
14:13 EDTFMorgan Stanley questions GM capital allocation plan
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10:26 EDTHLFOptions with increasing implied volatility
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09:25 EDTMCPOn The Fly: Pre-market Movers
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09:13 EDTFMSFT announced several partnerships with industry leaders
At Microsoft Convergence 2015, Microsoft (MSFT) announced several new partnerships with industry leaders. Teaming up with Microsoft, Ford Motor (F) will expand connected services for customers around the world with the creation of the Ford Service Delivery Network. Microsoft also announced several partnerships and collaboration agreements with leading companies in sales, field service, digital transaction management and analytics markets. Microsoft and InsideSales.com will offer its complete sales acceleration platform. Microsoft and FieldOne Systems announced their agreement to bring the FieldOne Sky field service management solution into the Microsoft Dynamics global independent software vendor program. DocuSign and Microsoft announced that the two companies will bring DocuSign's Digital Transaction Management platform to Microsoft Dynamics CRM users. Microsoft also announced the acquisition of intellectual property from Fusion Software which will add Voice of the Customer capabilities to Microsoft Dynamics.
07:49 EDTMCPJPMorgan 'very concerned' about Molycorp capital levels
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March 16, 2015
19:00 EDTMCPOn The Fly: After Hours Movers
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17:31 EDTMCPMolycorp reports Q4 EPS (39c), consensus (26c)
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15:25 EDTMCPNotable companies reporting after market close
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07:44 EDTMCPmagicJack volatility elevated into Q4 and outlook
magicJack March call option implied volatility is at 83, April is a 124, April is at 71, June is at 61, September is at 50; compared to its 26-week average of 58 according to Track Data, suggesting large near term price movement into the expected release of Q4 results today after the market close.
05:50 EDTHLFStocks with implied volatility movement; FIG HLF
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