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Stock Market & Financial Investment News

News Breaks
February 3, 2014
09:08 EDTZNGA, CHTR, MW, UNTD, KTOS, TWC, JOSB, VMEM, SNN, ARTC, HLFOn The Fly: Pre-market Movers
HIGHER: Herbalife (HLF), up 6% after pre-announcing better than expected earnings, boosting share repurchase authorization to $1.5B... ArthroCare (ARTC), up 7% after Smith & Nephew (SNN) agrees to buy the company in a $1.37B deal... Time Warner Cable (TWC), up 2% after Reuters says Charter (CHTR) is considering raising its bid for its cable peer to the low $140s per share... Kratos Defense (KTOS), up 15% after company awarded five-year SeaPort-e contract, stock mentioned positively in this weekend's Barron's... Violin Memory (VMEM), up 5.8% after appointing Kevin DeNuccio, who most recently managed angel investing, management and technology consulting firm Wild West Capital, as its president and CEO. LOWER: JoS. A. Bank (JOSB), down 4% after sending letter to Men's Wearhouse (MW) saying offer is inadequate and reported to be in talks to acquire Eddie Bauer... Zynga (ZNGA), down 3% following downgrade at BofA Merrill Lynch... United Online (UNTD), down 13% after discontinuing its cash dividend payments.
News For HLF;JOSB;MW;ARTC;TWC;CHTR;SNN;KTOS;ZNGA;VMEM;UNTD From The Last 14 Days
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August 27, 2015
16:05 EDTVMEMViolin Memory reports Q2 non-GAAP EPS (19c), consensus (20c)
Reports Q2 revenue $15.3M, consensus $18.07M.
12:58 EDTHLFHerbalife price target raised to $100 from $90 at Pivotal Research
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08:58 EDTVMEMViolin Memory management to meet with Maxim
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August 26, 2015
09:02 EDTTWCTime Warner Cable Business named as national vendor by MiCTA
Time Warner Cable Business Class announced the company has been selected as an approved national vendor for MiCTA, an association representing non-profit groups, including schools, healthcare, government and other organizations. The approved vendor status allows MiCTA members to take advantage of fiber-delivered Ethernet services and Dedicated Internet Access offered by TWCBC, at a pre-negotiated rate. This also eliminates the need for members to conduct their own competitive bidding for services, which makes procurement streamlined, easier and more time-efficient.
August 25, 2015
08:00 EDTHLFTwitter wants to move Herbalife suit to California, NY Post reports
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August 24, 2015
07:03 EDTKTOSKratos Defense completes sale of U.S., U.K. operations of EP division
Kratos Defense & Security Solutions has completed the previously announced sale of the U.S. and U.K. operations of its Electronic Products Division to Ultra Electronics Holdings plc for $260 million in cash plus up to $5 million for taxes incurred as part of the transaction, less a $2.0 million escrow to satisfy any purchase price adjustments and a working capital adjustment currently estimated as a net reduction of $7.6 million. The Company expects to pay $13 million in transaction-related costs and approximately $10 million in federal and state income taxes, resulting in net cash proceeds to the Company of approximately $232.4 million. Kratos currently intends to use proceeds from the Transaction to initiate a repurchase process for up to $175 million of its 7 Percent Senior Secured Notes (the "Notes") at par. In addition, Kratos has paid down all outstanding amounts on its $110 million bank credit facility, which totaled approximately $41 million. In connection with the Transaction, the Company also amended its credit facility to allow for this divestiture as well as provide a permanent reduction in the financial covenants for future periods under the credit agreement.
August 21, 2015
09:01 EDTSNNLeerink medical devices analyst holds an analyst/industry conference call
Medical Device Analyst Newitter, along with MEDACorp Specialists Dorance Dillon and Terence Farrell, discuss the Centers for Medicare & Medicaid Services' recently proposed "Comprehensive Care For Joint Replacement Payment Model" and how this model might influence ortho pricing and hospital-vendor relationships on an Analyst/Industry conference call to be held on August 24 at 1 pm.
August 20, 2015
09:00 EDTMWMen's Wearhouse selloff a buying opportunity, says Jefferies
Jefferies analyst Edward Plank views the recent selloff in shares of Men's Wearhouse as a buying opportunity. Much of the back-end integration risk from Jos. A. Bank has now passed, and margin improvement should follow, Plank tells investors in a research note. The analyst's FY18 bull case suggests a price target of $100, or 75% upside from current levels, versus a bear case of $47, or 20% downside. He keeps a Buy rating on Men's Wearhouse with a $67 price target.
August 19, 2015
10:20 EDTCHTR, TWCBig telecom firms put M&A on hold, CTFN reports
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10:00 EDTCHTROn The Fly: Analyst Upgrade Summary
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07:58 EDTCHTRCharter upgraded to Buy from Neutral at MoffettNathanson
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August 18, 2015
16:49 EDTCHTROn The Fly: Top stock stories for Tuesday
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10:17 EDTTWC, CHTRDisney downgraded as Wells moves away from content providers
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August 17, 2015
20:09 EDTCHTR, TWCCable companies test virtual reality offerings, Variety says
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August 14, 2015
17:17 EDTCHTRPoint72 gives quarterly update on stakes
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16:57 EDTTWCSoros gives quarterly update on stakes, increases Facebook position
NEW STAKES: Time Warner Cable (TWC), Schwab (SCHW), Alcoa (AA), NRG Energy (NRG), and Pacira (PCRX). INCREASED STAKES: Facebook (FB), Monsanto (MON), Nextera (NEE), Qunar (QUNR), and Rovi (ROVI). DECREASED STAKES: Alibaba (BABA), General Motors (GM), Motorola Solutions (MSI), EQT Corp (EQT), and Noble Energy (NBL). LIQUIDATED STAKES: Cenovus (CVE), Kite Pharma (KITE), Tempur Sealy (TPX), CF Industries (CF), and Suncor Energy (SU).
16:48 EDTCHTRBerkshire Hathaway gives quarterly update on stakes, reports new stake in Axalta
NEW STAKES: Axalta (AXTA). INCREASED STAKES: Charter Communications (CHTR), and US Bancorp (USB). DECREASED STAKES: Viacom (VIAB), Chicago Bridge & Iron Company (CBI), and WABCO Holdings (WBC). LIQUIDATED STAKES: Phillips 66 (PSX), and National Oilwell Varco (NOV).
13:03 EDTTWCOmega Advisors gives quarterly update on stakes, discloses stake in Google
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12:29 EDTZNGAKing Digital sinks after posting weaker than expected network metrics
Shares of King Digital (KING), an interactive entertainment company for the mobile world, are sinking after the company reported weaker than expected network metrics in the second quarter. WHAT'S NEW: After the close on Thursday, King Digital reported Q2 adjusted earnings per share of 49c and revenue of $500M, ahead of analysts' consensus estimates of 43c and $490.03M, respectively. King reported Q2 total gross bookings of $529M, above the high end of its previously provided guidance range, but down 12% sequentially and 13% year over year. Excluding the impact of changes in foreign exchange rates, King said gross bookings would have decreased by approximately 11% sequentially, and by approximately 6% y/y. King noted that 81%, or $430M, of gross bookings were derived from the mobile audience. The company said "Candy Crush Saga," "Candy Crush Soda Saga" and "Farm Heroes Saga" ranked within the top 10 grossing games in App Store and Play Store in the U.S. during Q2. King said its monthly unique users fell 1% to 340M in Q2, down from 345M last year, while monthly active users were 501M vs. 485M last year; daily active users were 142M in Q2 vs. 138M last year. The company said year-over-year increases in monthly active users and daily active users were primarily due to the introduction of new games, particularly "Candy Crush Soda Saga," partially offset by decline in "Candy Crush Saga" and other more mature games. It said increases also reflect growth in activity from mobile players, partially offset by continued decrease in activity from Facebook (FB) players. WHAT'S NOTABLE: Looking ahead, King Digital said it expects gross bookings in the third quarter of $460M-$485M based on the timing of game releases and recent trends. The company sees fourth quarter bookings "fairly consistent sequentially." ANALYST REACTION: This morning, JPMorgan analyst Doug Anmuth downgraded King Digital Entertainment to Neutral from Overweight citing an elevated risk profile following the company's Q2 results. King's network metrics were weaker than expected while a key component of the company's pipeline, the upcoming mid-core game, is pushed to 2016, Anmuth said. He cut the price target for shares to $17 from $20. PRICE ACTION: In early afternoon trading, King Digital fell $1.81, or 11.84%, to $13.40 on nearly four times its average daily trading volume. Including today's pull back, the shares have lost approximately 3% over the past year. OTHERS TO WATCH: Other companies in the mobile gaming space include Glu Mobile (GLUU), Zynga (ZNGA), Shanda Games (GAME), Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two Interactive (TTWO).
07:37 EDTTWCJANA reports new stakes in Allergan, TWC, sells Applied Materials
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