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News Breaks | | | | December 19, 2012 | | 16:30 EDT |  | HLF, GM, ALTE, MKL, AIR, ONTY, PLXT, IDTI | On The Fly: Closing Wrap
Stocks on Wall Street finished lower after a session that saw the averages trade on either side of the flat line. News out of Washington continued to dominate the headlines. House Speaker Boehner, speaking in the afternoon, said that it was time for President Obama to "get serious" on the budget, which sent the averages to their lows... ECONOMIC EVENTS: In the U.S., housing starts slid 3.0% in November to a 861,000 start rate, versus the expected 872,000. However, building permits rose 3.6% month over month to a 899,000 rate, versus the expected 875,000... COMPANY NEWS: CNBC's Kate Kelly reported that activist investor Bill Ackman has taken a "major" short position in Herbalife (HLF). The report said that Ackman considers Herbalife a "pyramid scheme" and will disclose his position, taken after several months of research, at an investor event tomorrow. Shares of Herbalife were halted for volatility following the report and finished the day down $2.28, or 5.36%, at $40.22... General Motors (GM) announced plans to buy back 200M shares held by the U.S. Treasury in a first step toward the government's full exit from its holding within the next 12 to 15 months. GM will pay $27.50 a share, or $5.5B total, and expects to close the deal to reduce the government's stake in the company to 19% from 26.5% by the end of this year. GM shares rose $1.69, or 6.63%, to $27.18 after the news... MAJOR MOVERS: Among the notable gainers was AAR Corp. (AIR), up $2.23, or 13.32%, to $18.97 after reporting earnings that beat Street estimates, raising its FY13 EPS view, and seeing its price target raised to $24 from $22 at DA Davidson. Also higher were shares of Alterra Capital (ALTE), up $5.03, or 21.73%, to $28.18 following its deal to be acquired by Markel (MKL) for $31 per share in stock and cash. Shares of Markel lost $49.81, or 10.25%, to close at $436.24. Among other noteworthy losers was Oncothyreon (ONTY), down $2.31, or 51.33%, to $2.19 after its lung cancer drug missed its endpoint in a study. Also lower were shares of PLX Technology (PLXT), down 80c, or 17.78%, to $3.70 after news the FTC would seek to block the company's planned merger with Integrated Device Technology (IDTI). Conversely, shares of Integrated Device rose 16c, or 2.31%, to $7.08... INDICES: The Dow was down 98.99, or 0.74%, to 13,251.97; the Nasdaq was down 10.17, or 0.33%, to 3,044.36; and the S&P 500 was down 10.98, or 0.76%, to 1,435.81. | |
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News For HLF;GM;ALTE;MKL;AIR;ONTY;PLXT;IDTI From The Last 14 Days Check below for free stories on HLF;GM;ALTE;MKL;AIR;ONTY;PLXT;IDTI the last two weeks. |
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| June 18, 2013 | | 13:33 EDT |  | HLF | Pershing Square: Herbalife's new survey, statements raise questions of legality
 Subscribe for More Information | | | 07:13 EDT |  | GM | European car sales at 20 year low, Bloomberg reports
European car sales fell to a two decade low in May as rising joblessness caused by a recession in the euro region reduced demand at Peugeot (PEUGY), Renault and GM (GM), reports Bloomberg.Reference Link | | | 06:01 EDT | | GM | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | June 17, 2013 | | 14:05 EDT | | GM | GM may benefit from lease expirations this year, Automotive News says
Subscribe for More Information | | | 11:10 EDT |  | GM | Sierra Wireless is likely beneficiary General Motors vehicle connectivity, says Avondale
Subscribe for More Information | | | 06:07 EDT | | GM | States push automakers to sell no-emission cars, Bloomberg reports
Subscribe for More Information | | | June 15, 2013 | | 16:05 EDT | | GM | General Motors recalling more than 193,652 SUVs on fire risk, AP says
Subscribe for More Information | | | June 13, 2013 | | 10:36 EDT | | HLF | Herbalife remains a single Best Idea for 2013 at DA Davidson
The firm expects Herbalife to fund significant share repurchases through a note issuance once the audit is complete. Shares are Buy rated and a 2013 Best Idea. | | | 08:03 EDT | | GM | GM denies it will produce Chevrolet Cruze in Poland, Reuters reports
Subscribe for More Information | | | 06:16 EDT | | HLF | Congresswoman asks FTC to investigate Herbalife, NY Post reports
California congresswoman Linda Sanchez has asked the Federal Trade Commission to investigate Herbalife over allegations the company is a pyramid scheme, New York Post reports, citing a letter it obtained. Reference Link | | | | June 12, 2013 | | 07:23 EDT | | GM | Electric car makers cut prices to catch Toyota, Globe and Mail reports
Subscribe for More Information | | | 07:09 EDT | | GM | Toyota shifts to qualtiy from expansion, Reuters reports
Toyota Motor (TM) said it’s unlikely to recapture its peak market share it held four years ago in the U.S. (GM, F), its biggest market, the latest sign the car maker is shifting to improving quality from aggressively expanding sales, reports Reuters.Reference Link | | | 06:34 EDT | | HLF | Herbalife says survey indicates 7.9M customers in U.S.
Herbalife last night released the results of a study conducted to determine the penetration of Herbalife distributors and end users in the U.S. Herbalife engaged Nielsen, to conduct the research. Conducted online during April and May, the survey was completed without intervention from Herbalife and the company’s sponsorship was not disclosed, it added. With a sample size of 10,525 consumers, the survey had a margin of error of +/- 0.96%. According to the research, 3.3% of the general population reported that they had purchased Herbalife products within the past three months, indicating that Herbalife currently has approximately 7.9M customers when projected to the total U.S. adult population. Herbalife customers would include their distributor network, which totaled approximately 550,000 in the U.S. as of the end of Q1. "“This survey, conducted by one of the world’s most respected research organizations, confirms what we at Herbalife already know to be true: that Herbalife’s products have a broad consumer base here in the U.S. – nearly 8 million in the last three months – and that the majority of individuals that purchase Herbalife products do so for personal consumption," the company said. | | | 06:33 EDT |  | HLF | Herbalife volatility at low end of nine-month range
Subscribe for More Information | | | 06:05 EDT | | GM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The tectonic plates of the world economy are shifting, moving the yield on the 10-year Treasury to the highest level in more than a year and shaking financial markets. Now, some constants are being questioned in markets, triggering paroxysms in stocks, bonds, commodities and the currencies of emerging markets, the Wall Street Journal reports...Drugstores (CVS, RAD, WAG) are preparing to change how they stock and sell a widely used emergency contraceptive after the Obama administration agreed to allow the pill to be sold over the counter to customers of all ages. Sold primarily under the brand name Plan B (TEVA, ACT, PRGO), the pill is currently stocked behind pharmacy counters, the Wall Street Journal reports...REUTERS: If currency turbulence in emerging markets becomes a full-scale investor flight, the Fed may have a new headache in deciding when to slow its dollar printing policy. The link between U.S. monetary policy and currency runs on the other side of the world could be tighter than many assume, Reuters reports...Toyota Motor (TM) said it’s unlikely to recapture its peak market share it held four years ago in the U.S. (GM, F), its biggest market, the latest sign the carmaker is shifting to improving quality from aggressively expanding sales, Reuters reports...BLOOMBERG: Exchange executives (NYX, NDAQ), long shielded from legal scrutiny in the U.S., have been put on notice that may be changing after federal regulators fined CBOE Holdings (CBOE) $6M for unprecedented lapses in supervision, Bloomberg reports...Borealis Infrastructure Management and its Kuwaiti-British partners abandoned their $8.3B bid for the U.K. water utility Severn Trent (SVTRY) as the offer deadline expired, Bloomberg reports. | | | June 11, 2013 | | 14:43 EDT | | GM | General Motors volatility flat into 2013 Global Business Conference Call
General Motors June call option implied volatility is at 31, July is at 26, September is at 27; compared to its 26-week average of 30 according to Track Data, suggesting non-directional price movement into a 2013 Global Business Conference Call on June 12. | | | 14:14 EDT |  | GM | General Motors to host conference call
Subscribe for More Information | | | 14:11 EDT | | GM | General Motors to host conference call
2013 Global Business Conference Call - Morning Session - is being held on June 12 at 10 am. Webcast Link | | | 11:51 EDT | | GM | Allstate selected as General Motors U.S. roadside assistance provider
Subscribe for More Information | | | 09:26 EDT | | GM | General Motors price target raised to $50 from $40 at Buckingham
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