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Stock Market & Financial Investment News

News For HPQ;AIG;WBMD;ARUN;FIRE;MMSI;FRO From The Last 14 Days
Check below for free stories on HPQ;AIG;WBMD;ARUN;FIRE;MMSI;FRO the last two weeks.
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May 7, 2013
16:06 EDTWBMDWebMD says CEO Redmond leaving immediately, Anevski to become CFO
WebMD said its Board of Directors has appointed David Schlanger to serve as Interim Chief Executive Officer. Cavan Redmond, CEO and member of the Board of Directors, will be leaving the company, effective immediately. The Board is commencing a search for a new CEO. Schlanger has been with WebMD and its predecessor companies for 18 years, most recently as Senior Vice President, Strategic and Corporate Development. Anthony Vuolo will be transitioning his responsibilities to Peter Anevski who is assuming the role of Chief Financial Officer. Anevski has served in senior finance and operations roles during the past 14 years at WebMD and its predecessor companies. Anthony Vuolo will continue with the Company as Senior Vice President focusing on strategic projects.
16:04 EDTWBMDWebMD says CEO Redmond leaving immediately, board to search for new CEO
16:03 EDTWBMDWebMD reports Q1 EPS (3c), consensus (15c)
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13:01 EDTAIGAIG can sue BofA over mortgages, judge says, WSJ reports
A federal judge has ruled that American International Group (AIG) has the right to sue Bank of America (BAC) over more than $7B of mortgage-investment losses, reports the Wall Street Journal. U.S. District Judge Mariana Pfaelzer said that AIG did not give up its right to pursue certain legal claims when it unloaded the investments as part of its 2008 bailout. Reference Link
12:58 EDTARUNOn The Fly: Midday Wrap
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12:40 EDTFIREOptions with decreasing implied volatility: FIRE EBIX MBI UNXL SWI
12:34 EDTARUNAruba Networks long-term opportunity still attractive, says Wells Fargo
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12:00 EDTARUNAruba Networks falls 21.9%
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10:00 EDTAIGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aeropostale (ARO) downgraded to Sell from Hold at Brean Capital... AIG (AIG) downgraded to Neutral from Buy at Goldman... Alpha Natural (ANR) downgraded to Sell from Neutral at Goldman... American Eagle (AEO) downgraded to Market Perform from Outperform at Wells Fargo... Coach (COH) downgraded to Market Perform from Outperform at Wells Fargo... Iconix Brand (ICON) downgraded to Hold from Buy at Brean Capital... International Rectifier (IRF) downgraded to Market Perform at JMP Securities... Mettler-Toledo (MTD) downgraded to Hold from Buy at Jefferies... TJX (TJX) downgraded to Market Perform from Outperform at Wells Fargo... Tiffany (TIF) downgraded to Market Perform from Outperform at Wells Fargo... North American Palladium (PAL) downgraded to Market Perform at Raymond James... Ducommun (DCO) downgraded to Neutral from Buy at B. Riley... International Rectifier (IRF) downgraded at JMP Securities... Hologic (HOLX) downgraded to Buy from Strong Buy at ISI Group... Ruckus Wireless (RKUS) downgraded to Neutral from Buy at Lazard Capital.
10:00 EDTARUNAruba Networks falls 19%
Aruba Networks is down 19%, or $4.19, to $17.86
09:21 EDTARUNAruba Networks plunges after negative outlook for Q3
The company reported that it would miss expectations for its Q3 EPS by a wide margin, with the new range at 11 cents to 12 cents versus prior guidance of 20 cents. At the current price of $18.10, next support is at $17.45. Resistance is at $18.94.
09:17 EDTARUNOn The Fly: Pre-market Movers
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09:00 EDTARUNAruba Networks falls 17.9%
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07:09 EDTARUNAruba Networks sees Q3 adjusted EPS 11c-12c, below guidance of 20c
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07:00 EDTARUNAruba Networks trading halted, pending news
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06:21 EDTHPQQualcomm elects Jonathan Rubinstein to board of directors
Qualcomm (QCOM) announced the election of Jonathan Rubinstein to its Board of Directors. Rubinstein brings more than 30 years of experience in the mobile, computing and consumer electronics industries to the position, and he last served as senior vice president of Product Innovation for Hewlett-Packard Company (HPQ) until January 2012.
06:13 EDTAIGAIG downgraded to Neutral from Buy at Goldman
Goldman downgraded AIG citing valuation. Price target remains $46.
May 6, 2013
12:00 EDTFIREOptions with decreasing implied volatility: RVBD UNXL FIRE QCOR EBIX
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07:45 EDTAIGBank of America legal news a significant positive, says JPMorgan
JPMorgan notes that late on Friday, New York State Attorney General, Delaware State Attorney General, and Federal Housing Finance Authority said they will no longer object to Bank of America's (BAC) $8.5B mortgage settlement with private investors that was first agreed upon in 2011. JPMorgan views the development as significant positive legal news for Bank of America since several objectors to the settlement have now been removed. The firm adds, however, that few objectors remain, most notably AIG (AIG). JPMorgan keeps an Overweight rating on shares of Bank of America.
07:30 EDTAIGObjections to BofA mortgage-backed securities settlement removed, WSJ reports
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