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Stock Market & Financial Investment News

News Breaks
June 3, 2014
09:06 EDTNPSP, SSNLF, AEIS, RNA, ZQK, KKD, IDCC, TSN, PPC, HSHOn The Fly: Pre-market Movers
HIGHER: InterDigital (IDCC), up 9.6% after announcing patent license agreement with Samsung (SSNLF), issuing Q2 revenue guidance... Hillshire Brands (HSH), up 8.8% after Pilgrim's Pride (PPC) raises buyout offer to $55 per share and Hillshire board authorizes talks with Pilgrim's and rival bidder Tyson Foods (TSN)... Prosensa (RNA), up 5.8% after announcing FDA regulatory path outline for DMD drug drisapersen. LOWER: Quiksilver (ZQK), down 39% after downgraded at Monness Crespi and at Stifel after the company's Q2 results and guidance disappointed... Krispy Kreme (KKD), down 10.5% after lowering its fiscal year guidance... Clovis (CLVS), down 11.9% after shares were downgraded to Neutral from Buy at Citigroup... Advanced Energy (AEIS), down 9.3% after downgraded at Needham following news that the company's CEO Garry Rogerson will step down... NPS Pharmaceuticals (NPSP), down 1.8% after saying in a regulatory filing that the company has not had any communication with Shire (SHPG) concerning an acquisition as stated in "erroneous press reports."
News For HSH;PPC;TSN;IDCC;KKD;ZQK;RNA;AEIS;SSNLF;NPSP From The Last 14 Days
Check below for free stories on HSH;PPC;TSN;IDCC;KKD;ZQK;RNA;AEIS;SSNLF;NPSP the last two weeks.
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August 14, 2014
06:22 EDTTSNEPA advancing criminal probe into chemical spill at Tyson plant, WSJ reports
The EPA is advancing its criminal probe into May's chemical spill at a Tyson Foods poultry-processing plant in Missouri, the Wall Street Journal reports. Two weeks ago, the EPA served a search warrant at the plant and is seeking documents and records fromt he company as it looks into the plant's discharge of waste from an animal feed supplement into the city's sewers. The chemical spill released high levels of ammonia into a creek and killed at least 100,000 fish. Reference Link
06:19 EDTSSNLFLenovo sees opportunities outside of China for smartphone business, WSJ reports
Lenovo CEO Yang Yuanqing tells the Wall Street Journal that although that China is still the most important market for its smartphone business, the company sees additional opportunities outside China. Reference Link
August 13, 2014
10:03 EDTHSHPinnacle Foods says Hillshire Brands failed deal caused 'six weeks' distraction
Pinnacle Foods (PF) says it has not lost any key executives following the "six weeks of distraction" caused by its aborted merger with Hillshire Brand (HSH). The company said it lost six weeks to investigate other M&A during that time, but that Pinnacle plans to be a consolidator and is back and active on exploring M&A opportunities. Comments from Pinnacle Foods' Q2 earnings conference call.
10:01 EDTAEISOn The Fly: Analyst Initiation Summary
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09:29 EDTAEISAdvanced Energy initiated with a Buy at Sidoti
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07:32 EDTHSHHillshire Brands not providing public targets for FY15
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07:31 EDTHSH, TSNHillshire Brands reports Q4 adjusted EPS 33c, consensus 26c
Reports Q4 revenue $1.1B, consensus $994.1M. As previously announced, on July 1, Hillshire Brands entered into a definitive agreement with Tyson Foods (TSN) under which Tyson will acquire all outstanding shares of Hillshire Brands for $63 per share. On August 12, 2014, each of Tyson and Hillshire Brands received a request for additional information, each often referred to as a “second request,” from the Antitrust Division of the Department of Justice in connection with the proposed acquisition. Each second request was issued pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The second requests relate only to a very small portion of the combined Tyson/Hillshire Brands business, and the parties are working expeditiously to resolve this matter with the Antitrust Division. Tyson and Hillshire Brands continue to expect that the transaction, which remains subject to customary closing conditions, will be completed by September 27.
06:16 EDTSSNLFIC vendors seeking wafer production at houses other than TSMC, DigiTimes says
More fabless IC vendors are seeking wafer production capacity at foundry houses other than TSMC (TSM) such as Samsung (SSNLF), Globalfoundries, United Microelectronics (UMC) and Semiconductor Manufacturing (SMI), reports DigiTimes. According to industry sources, the move to seek wafer production at other foundry houses is due to extremely tight productoin at TSMC where 8- and 12-inch wafers are currently fully booked. Reference Link
August 12, 2014
18:31 EDTHSH, TSNTyson, Hillshire Brands announce extension of tender offer for Hillshire shares
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12:24 EDTRNAProsensa accelerated or conditional approvals likely, says Roth Capital
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06:44 EDTSSNLFAU Optronics facing tough battle in UHD TV panel market, DigiTimes says
AU Optronics and Innolux are facing an uphill battle in the UHD TV panel market as it tries to increase its global share, reports DigiTimes. According to sources with supply chain makers, their production capacities are fully occupied and it is difficult to increase output. In addition, the companies are seeing growing support from TV vendors for Samsung Display (SSNLF) and LG Display (LPL). Reference Link
August 11, 2014
17:20 EDTTSN, HSHUltimate Software to replace Hillshire Brands in S&P 400 as of 8/14 close
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16:07 EDTRNAProsensa to get additional funding from nonprofit CureDuchenne
Prosensa Holding announced that an affiliate of CureDuchenne, a U.S. national nonprofit organization dedicated to finding a cure for Duchenne Muscular Dystrophy, or DMD, will provide Prosensa with up to EUR5M by means of convertible promissory notes to support the company and accelerate the development and patient access of much needed DMD therapies. The closing of EUR4.5M of the notes is contingent upon specified milestones in the advancement of drisapersen and the company's other exon skipping candidates in Prosensa's DMD portfolio. The funding arrangement will assist the company in progressing the second exon skipping candidate for the treatment of DMD, PRO044, by initiating a Phase II clinical extension study in Europe by the end of 2014 and a placebo-controlled trial in the U.S. in the first half of 2015, which may serve as one of two confirmatory studies to support a potential accelerated approval for drisapersen. It will also support re-dosing efforts for drisapersen clinical trial participants in North America and Europe and facilitate the drug's New Drug Application filing in the U.S. in 2014 along with the development of other Prosensa's other exon skipping compounds, PRO045 and PRO053.
15:27 EDTRNAWedbush to hold a conference
Life Sciences Management Conference to be held in New York on August 12-13.
10:19 EDTKKDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Outperform from Market Perform at Wells Fargo... Alon USA Partners (ALDW) upgraded to Outperform from Neutral at Credit Suisse... Buenaventura (BVN) upgraded to Buy from Underperform at BofA/Merrill... CNO Financial (CNO) upgraded to Overweight from Equal Weight at Morgan Stanley... Central European Media (CETV) upgraded to Neutral from Sell at Goldman... Cepheid (CPHD) upgraded to Neutral from Cautious at ISI Group... Chuy's (CHUY) upgraded to Outperform from Market Perform at Raymond James... Compressco (GSJK) upgraded to Strong Buy from Market Perform at Raymond James... Concho Resources (CXO) upgraded to Overweight from Equal Weight at Stephens... Frank's International (FI) upgraded to Neutral from Sell at Goldman... Freeport McMoRan (FCX) upgraded to Buy from Hold at Argus... GNC Holdings (GNC) upgraded to Outperform from Neutral at Credit Suisse... Genworth (GNW) upgraded to Equal Weight from Underweight at Morgan Stanley... Gulfport Energy (GPOR) upgraded at Stifel... Huntington Ingalls (HII) upgraded to Buy from Neutral at UBS... Hyatt Hotels (H) upgraded at Stifel... J.C. Penney (JCP) upgraded to Hold from Sell at Craig-Hallum... Kinder Morgan (KMI) upgraded to Buy from Neutral at BofA/Merrill... Krispy Kreme (KKD) upgraded to Outperform from Neutral at Wedbush... Oasis Petroleum (OAS) upgraded to Buy from Neutral at Sterne Agee... PepsiCo (PEP) upgraded to Buy from Neutral at UBS... Regency Centers (REG) upgraded to Neutral from Underperform at BofA/Merrill... SandRidge Energy (SD) upgraded to Reduce from Sell at KLR Group... Southwest Gas (SWX) upgraded to Buy from Hold at Brean Capital... Tesla (TSLA) upgraded to Buy from Hold at Deutsche Bank.
07:22 EDTKKDKrispy Kreme upgraded to Outperform from Neutral at Wedbush
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August 8, 2014
13:57 EDTZQKInvesco reports 11.7% passive stake in Quiksilver
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10:00 EDTTSNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Activision Blizzard (ATVI) upgraded to Buy from Neutral at Longbow... Allergan (AGN) upgraded to Outperform from Market Perform at Leerink... Andersons (ANDE) upgraded to Buy from Hold at Feltl... Arista Networks (ANET) upgraded to Buy from Neutral at Citigroup... Barrick Gold (ABX) upgraded to Conviction Buy from Buy at Goldman... Brinker (EAT) upgraded to Outperform from Market Perform at Raymond James... CF Industries (CF) upgraded to Buy from Hold at Feltl... CST Brands (CST) upgraded to Neutral from Underperform at Credit Suisse... Cimarex Energy (XEC) upgraded to Accumulate from Hold at KLR Group... Coca-Cola HBC (OCCH) upgraded to Buy from Hold at Deutsche Bank... Delek US (DK) upgraded to Outperform at Cowen... Fifth Street Finance (FSC) upgraded to Buy from Neutral at Guggenheim... Glimcher Realty Trust (GRT) upgraded to Buy from Neutral at BofA/Merrill... Goodrich Petroleum (GDP) upgraded to Strong Buy from Outperform at Raymond James... Monster Beverage (MNST) upgraded to Neutral from Underperform at Longbow... NIC Inc. (EGOV) upgraded to Outperform from Market Perform at Barrington... NVIDIA (NVDA) upgraded at Needham... POZEN (POZN) upgraded to Buy from Hold at Ascendiant... Power Solutions (PSIX) upgraded to Accumulate from Neutral at Global Hunter... Primoris (PRIM) upgraded to Buy from Hold at BB&T... Sierra Bancorp (BSRR) upgraded to Outperform from Market Perform at Raymond James... Sonus Networks (SONS) upgraded to Outperform from Market Perform at Barrington... Stone Energy (SGY) upgraded to Buy from Accumulate at KLR Group... Tornier (TRNX) upgraded at BMO Capital... Tyson Foods (TSN) upgraded to Buy from Hold at BB&T... WGL Holdings (WGL) upgraded to Buy from Hold at Brean Capital.
09:28 EDTTSNTyson Foods upgraded to Buy from Hold at BB&T
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07:06 EDTSSNLFSamsung, Barnes & Noble holding press event on August 20, Business Insider says
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