New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 2, 2013
13:17 EDTGGC, KBE, CPNO, WPI, HSH, CAR, APHOptions with increasing volume
ZIP, BCR, HSH, KBE, APH, WPI, GGC, CAR, CPNO.
News For HSH;KBE;APH;WPI;GGC;CAR;CPNO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
June 29, 2015
16:22 EDTAPHOn The Fly: Top stock stories for Monday
Subscribe for More Information
12:24 EDTAPHOn The Fly: Top stock stories at midday
Stocks on Wall Street were sharply lower at midday after a surprise power play by the country's Prime Minister may lead to either his exit from power or the country's exit from the euro zone. ECONOMIC EVENTS: In Europe, Greek Prime Minister Alexis Tsipras called a surprise referendum for July 5 on the terms put forth by the countryís creditors in exchange for additional rescue funding. Meanwhile, the European Central Bank decided not to expand its emergency liquidity assistance to Greek banks, leading the country to shut down its banking system and move to impose capital controls. In Asia, the Peopleís Bank of China cut the one-year lending rate by 25 basis points to 4.85% and lowered the amount of reserves certain banks are required to hold by 50 basis points, but the Shanghai Composite still closed the day with another 3.3% in losses. In the U.S., the National Association of Realtors' pending home sales index rose 0.9% to 112.6 in May, which was roughly in-line with expectations but also marked the highest level since April 2006. COMPANY NEWS: Shares of several coal miners advanced after the Supreme Court overturned the Environmental Protection Agency's air quality regulations for power plants, stating that the regulator did not properly take into account the costs to utilities and others in the sector. Peabody Energy (BTU) rose 5% after the ruling, while Arch Coal (ACI) gained 8% and Cloud Peak Energy (CLD) added about 3%. MAJOR MOVERS: Among the notable gainers was Aratana Therapeutics (PETX), which jumped 17.5% after the company announced results from its study of capromorelin, the company's therapeutic for appetite stimulation in dogs. Also higher was Amphenol (APH), which gained 4% after announcing it has entered into exclusive negotiations and has made a binding offer to acquire 100% of the shares of FCI Asia, which is involved in interconnect solutions for the telecom, datacom, wireless communications and industrial markets, for $1.275B from its private equity owner Bain Capital. Among the noteworthy losers were bond insurers MBIA (MBI), which dropped 18%, and Assured Guaranty (AGO), which fell 13.5%, after Puerto Rico's Governor said that the commonwealth would not be able to pay its debts and called for concessions from the islandís creditors. Both stocks were downgraded at BTIG following the news. Also lower following the news in Puerto Rico were First Bancorp (FBP), the bank holding company for FirstBank Puerto Rico, and Popular (BPOP), the parent of Banco Popular de Puerto Rico. Shares of Vitae Pharmaceuticals (VTAE) declined 16% after the company announced that an ongoing Phase 2 trial of its treatment of overweight type 2 diabetic patients did not meet partner Boehringer Ingelheim's predefined endpoint criteria. INDEXES: Near midday, the Dow was down 218.57, or 1.22%, to 17,728.11, the Nasdaq was down 69.65, or 1.37%, to 5,010.85, and the S&P 500 was down 25.68, or 1.22%, to 2,075.81.
08:01 EDTAPHAmphenol enters into exclusive negotiations to acquire FCI Asia for $1.275B
Subscribe for More Information
June 25, 2015
16:23 EDTCAROn The Fly: Top stock stories for Thursday
Subscribe for More Information
11:35 EDTCARAvis, Hertz slide after Credit Suisse notes pricing challenges
Subscribe for More Information
11:31 EDTCARAvis Budget and Southwest sign multi-year partnership marketing agreement
Avis Budget (CAR) announced that it has entered into an expanded, new multi-year partnership marketing agreement with Southwest Airlines (LUV) which will enable the company to promote Avis Car Rental, Budget Car Rental and Payless Car Rental offers, products and services to Southwest customers. As part of the new agreement, Avis, Budget and Payless will have advertising placement on the Southwest Airlines website as well as merchandising placement throughout the airline reservation process. The car rental brands will also be featured on airline confirmation pages and pre-trip emails to customers.
07:21 EDTCARAvis Budget management to meet with JPMorgan
Subscribe for More Information
June 18, 2015
11:01 EDTCARAvis Budget, JetBlue sign preferred partnership agreement
Avis Budget Group (CAR) announced that it has signed a multi-year preferred partnership agreement with JetBlue Airways (JBLU). The new agreement significantly expands the existing marketing affiliation between the two companies, under which Avis Budget Group has served as a partner within JetBlue's TrueBlue loyalty rewards program. Under the new agreement, Avis Budget Group will promote its Avis Car Rental, Budget Car Rental and Payless Car Rental brands, products and services as well as money-saving offers directly to JetBlue customers and TrueBlue members. TrueBlue members and those with Mosaic status will have the opportunity to earn TrueBlue points when renting from Avis, Budget and Payless. The three rental brands will also be featured on JetBlue's online booking channel located at www.jetblue.com so that travelers can conveniently make car rental reservations when purchasing airline tickets.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use