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Stock Market & Financial Investment News

News Breaks
December 19, 2012
16:30 EDTIDTI, AIR, GM, PLXT, MKL, HLF, ONTY, ALTEOn 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.
News For HLF;GM;ALTE;MKL;AIR;ONTY;PLXT;IDTI From The Last 14 Days
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April 13, 2015
12:58 EDTGMGM says it has resolved Bolt's technical challenges, Financial Times reports
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12:44 EDTGMFiat Chrysler interested in partnering with GM, Reuters says
Fiat Chrysler 9FCAU) CEO Sergio Marchionne is looking to make a "mega deal" before stepping down in early 2019 and has shown "particular interest" in partnering with GM(GM), according to Reuters. GM is strong in Asia, an area of weakness for Fiat Chrysler, while GM is looking to expand in Europe, the news service stated. Reference Link
08:01 EDTHLFHerbalife names Czech gastroenterologist to Nutrition Advisory Board
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07:16 EDTGMTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
April 10, 2015
14:54 EDTHLFHerbalife purchased several 'Ackman' domain names in 2013, WSJ reports
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10:38 EDTHLFHerbalife May volatility elevated
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06:13 EDTGMGeneral Motors added to Focus List at Citigroup following selloff
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April 9, 2015
11:49 EDTHLFHerbalife rallies amid circulation of FTC Commissioner comments
Shares of Herbalife moved higher amid circulation of comments made Tuesday by FTC Commissioner Maureen Ohlhausen regarding direct sellers. According to The Hill, Ohlhausen told the direct selling industry at the National Press Club in Washington, ""I commend you for your partnership with that has increased awareness and understanding – and appreciation – of the importance that the direct selling industry places as an industry on ensuring it is an ethical and trustworthy marketplace." The comments are being viewed as suggesting Herbalife will be less likely to face scrutiny from the FTC. Shares of the direct seller are up 86c to $83.61 in midday trading. Reference Link
11:31 EDTGMGM may make 'major' investment in Warren Tech Center, Detroit News says
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08:41 EDTGMGM's Opel unit reports Q1 new passenger car sales 279,306 units
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06:19 EDTGMGeneral Motors considering $1.3B expansion of Arlington plant, Reuters reports
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06:07 EDTGMGM to temporarily halt production of Chevrolet Volt, WSJ reports
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April 8, 2015
19:09 EDTGMGM pressures Canadian workers to reduce pension benefits, Globe and Mail says
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April 7, 2015
11:27 EDTGMCanadian sale of General Motors stake removes an overhang, says BofA/Merrill
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09:23 EDTGMOn The Fly: Pre-market Movers
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09:14 EDTIDTIIntegrated Device wireless charging likely above expectations, says Craig-Hallum
After conducting checks, Craig-Hallum says that the checks indicate that Integrated Device's wireless charging orders are likely above expectations. The firm thinks the company's orders for the Apple Watch are beginning to ramp, and predicts that it will report strong results and guidance heading into the May 28 Analyst Day. It reiterates a Buy rating on the shares.
09:01 EDTGMGeneral Motors 73.39M share Block Trade priced at $35.90
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08:01 EDTHLFHerbalife announces one-year partnership with Global Health Strategies Institute
Herbalife announced a one-year partnership with Global Health Strategies Institute to help improve the nutrition of more than 10,000 children ages 5-12 in India, in line with the government’s Mid-Day Meal Scheme and School Health Programs. As part of its corporate social responsibility efforts, Herbalife will work with GHSI and global vitamin supplier DSM, to help provide access to good nutrition to children in India, a country with a history of malnourished, underweight children. The government-run MDMS and SHP programs are designed to improve the nutritional needs of children by providing food supplemented with adequate quantities of iron, folic acid and vitamin A. However, more fortified foods with essential micronutrients are needed. In the first phase of the project, GHSI will conduct a landscape analysis to help all parties understand the nutritional landscape, provide insights into the required nutritional support, the target beneficiaries, expected reach, implementation model and potential partners.
06:56 EDTGMGeneral Motors 73.39M share Block Trade; price range $35.80-$36.00
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05:55 EDTHLFStocks with implied volatility movement; MNKD HLF
Stocks with implied volatility movement; MannKind (MNKD) 68, Herbalife (HLF) 89 according to iVolatility.
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