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Stock Market & Financial Investment News

News Breaks
December 28, 2012
12:11 EDTOMER, PSO, AEZS, BKS, CALL, HPQOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday on continued uncertainty surrounding the fiscal cliff. Headlines around mid-morning said that President Obama will propose a scaled-back budget in his meeting with Congressional Leaders this afternoon, and this news briefly sent the averages higher though they remained below the flatline and these gains had been largely pared around midday... ECONOMIC NEWS: In the U.S., the December Chicago PMI came in at 51.6 vs. expectations for a 51.0 reading. November Pending Home Sales were up 1.7% against the previous month, against expectations for a 1.8% rise. Crude Oil Inventories came in at a 586k draw vs. expectations for a 1.75M draw, and gasoline inventories increased 3.78M barrels vs. expectations for an 850k barrel increase. The weekly EIA natural gas report reported a 72Bcf draw, which was in-line with expectations... COMPANY NEWS: Hewlett-Packard (HPQ) disclosed in its 10k filing last night that the Department of Justice has begun an investigation into the company's acquisition of Autonomy, and shares of HP were down about 2% at midday... Barnes & Noble (BKS) announced that Pearson (PSO) had signed an agreement with its NOOK unit to invest $89.5M in cash in the unit. Barnes & Noble also said that its holiday sales results would fall short of expectations, but shares of the bookseller opened higher and were trading up over 6% near midday... MAJOR MOVERS: Among notable gainers was magicJack (CALL), up about 10% after naming a new CEO and saying that it expects its FY12 results to exceed expectations. Also higher were shares of Aeterna Zentaris (AEZS), up 15% after it announced an agreement with the FDA regarding a Special Protocol Assessment for an upcoming phase 3 trial. Among noteworthy losers were shares of Omeros (OMER), down over 10% after the company reported last night that a phase 3 clinical trial did not meet all endpoints, though shares were defended at Wedbush... INDICES: Near noon, the Dow was down 59.47, or 0.45%, to 13,036.84; the S&P was down 5.94, or 0.42%, to 1,412.16; the Nasdaq was down 7.31, or 0.24%, to 2,978.60.
News For HPQ;BKS;PSO;CALL;AEZS;OMER From The Last 14 Days
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July 24, 2015
08:52 EDTPSOPearson sale of Financial Times positive, says Bernstein
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05:45 EDTHPQStocks with implied volatility movement; EXXI HPQ
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05:43 EDTPSOPearson expects to return to more normal levels of restructuring expenditure
Expects cyclical and UK policy related factors to stabilize in 2015. The US policy environment remains uncertain. In North America, the company expects growth in online higher education services and VUE and, with more stable college enrollments and a slower new edition year, courseware to be broadly level. In School, the company expects greater stability in courseware and assessments with growth in virtual schools.In Core markets, the company expects trading conditions to stabilise in the UK, growth in inside services to broadly offset declines in courseware in Australia, and sustained share in Italy following share gains in 2014. Pearson expects the Financial Times to continue to benefit from, and invest in, its digital transition. In Growth markets, the company expects good growth in China in our English Language Learning adult and test preparation businesses and continued stability in courseware; in Brazil, it expects a better year in our sistemas business and good growth in the English Language Learning franchises; and in South Africa Pearson expects modest declines in the school courseware and lower enrollments in higher education.
05:40 EDTPSOPearson backs FY15 adjusted EPS 75p-80p
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05:39 EDTPSOPearson reports interim 2015 adjusted EPS of 4.4p compared to 4.7p last year
Reports interim 2015 sales up 1% at CER to GBP 2.2B, reflecting growth in North America, Brazil and China, and strength in digital and services, including Connections Education and Pearson On Line Services. This was partly offset by a smaller new textbook adoption market in US schools and the phasing of school textbook expenditure and lower college enrolments in South Africa. Reports interim 2015 deferred revenue from continuing operations up 3% at CER to more than GBP 750M as a result of further good progress in our digital and services businesses partly offset by lower deferred revenue in UK testing and in South Africa, due to lower college enrollments.
July 23, 2015
12:59 EDTPSOPearson's FT sale gives way for education deals, Bloomberg says
Pearson's sale of the Financial Times to Nikkei allows it to pursue acquisitions in educational publishing, Bloomberg says, citing an analyst at Panmure Gordon & Co. “Pearson’s direction of travel has been clear,” said media analyst Jonathan Helliwell. “This deal gives them the flexibility to do some education mergers and acquisitions and help toward restructuring costs." Reference Link
11:54 EDTHPQOptions with increasing call volume
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11:13 EDTPSONew York Times becomes Bloomberg's best target after FT sold, Re/code says
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10:49 EDTPSOPearson trading resumes, shares up 33c to $19.21
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10:17 EDTPSOPearson: Deal does not include 50% stake in The Economist Group
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10:16 EDTPSOPearson to sell FT Group to Nikkei Inc for GBP844M
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10:15 EDTPSOPearson to sell FT Group to Nikkei Inc for GBP844M
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10:13 EDTPSOPearson trading halted, pending news
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10:11 EDTPSOPearson sells FT to Nikkei for $1.29B, MarketWatch reports
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10:11 EDTPSOAxel Springer says will not acquire Financial Times from Pearson
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09:28 EDTPSOPearson in talks to sell FT Group to Axel Springer, FT reports
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07:58 EDTHPQBrean Capital maintains Buy on EMC due to activist, merger potential
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07:28 EDTOMEROmeros' aHUS candidate granted Fast Track designation by FDA
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06:17 EDTPSOPearson says in advanced talks to sell FT Group
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05:56 EDTPSOPearson will sell FT newspaper to digital news company, Reuters reports
Pearson will sell The Financial Times to a digital news company, a source tells Reuters. The source says an announcement is expected to be made "shortly." Reference Link
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