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Stock Market & Financial Investment News

News Breaks
January 30, 2013
11:58 EDTCTXS, RPRX, SPPI, HLF, NKTRStocks with increasing implied volatility; HLF RPRX NKTR SPPI CTXS
News For HLF;RPRX;NKTR;SPPI;CTXS From The Last 14 Days
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May 19, 2015
12:16 EDTHLFFTC, states charge four cancer charities as shams
The Federal Trade Commission and 58 law enforcement partners from every state and the District of Columbia have charged four sham cancer charities and their operators with bilking more than $187M from consumers. Named in the federal court complaint are Cancer Fund of America, Cancer Support Services, Children’s Cancer Fund of America and The Breast Cancer Society. Shares of Herbalife (HLF) and Lumber Liquidators (LL) weakened intraday yesterday as speculation circulated about whether either of the companies would be the target of the FTC's announcement today.
08:07 EDTCTXSCitrix teams with Mirantis for OpenStack distribution
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07:36 EDTCTXSCitrix growth poised to accelerate, says Bernstein
After attending Citrix's Analyst Meeting, Bernstein says the company's new products are likely to help cause its growth to accelerate. The firm expects the company's EPS growth to accelerate, and it keeps a $79 price target and Outperform rating on the shares.
May 18, 2015
12:12 EDTHLFHerbalife dips after FTC says to announce 'major consumer fraud' case
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10:01 EDTCTXSOn The Fly: Analyst Downgrade Summary
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05:48 EDTCTXSCitrix downgraded to Neutral from Buy at Goldman
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May 14, 2015
19:47 EDTHLFHerbalife responds to court's final approval of class action settlement
Herbalife issued the following statement: “Herbalife welcomes the decision by the U.S. District Court for the Central District of California to grant final approval of the class action settlement in the matter of Dana Bostick v. Herbalife International of America Inc et al. As we have consistently stated, we believe that the settlement is fair, reasonable and adequate to class members, and we note the court found that the low number of claimants was not surprising in light of the substantial survey results indicating that most people join Herbalife to become discount consumers of our products."
07:01 EDTSPPISpectrum commits to review shareholder proposal
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May 12, 2015
18:47 EDTHLFCasino union requests Herbalife investigation, Reuters says
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12:34 EDTSPPIOn The Fly: Top stock stories at midday
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06:16 EDTSPPIArmistice calls for full or partial sale of Spectrum
Armistice Capital reported a 5.4% stake in Spectrum Pharmaceuticals and disclosed a letter it sent to the company's Chairman and CEO Rajesh Shrotriya as well as its board. In the letter, Armistice stated its view that Spectrum "continues to underperform its peers and that a number of opportunities exist to rectify this underperformance and create significant value for shareholders." Armistice detailed "action that management should take to reduce operating expenses, restructure the Issuer's operations to enhance efficiency and better align the incentives of management with shareholders." Armistice believes Spectrum "can create significant value for shareholders through a combination of reducing management compensation and employee headcount, significantly curtailing research and development, eliminating excessive corporate offices, and focusing on in-licensing and co-promotion opportunities." Further, Armistice requests that Spectrum initiate a complete or partial sale of the company. Shares of the biotechnology company focused on hematology and oncology closed yesterday up 38c to $6.06.
May 11, 2015
10:27 EDTCTXSCitrix management to meet with William Blair
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