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December 31, 2013
16:15 EDTSTSI, BRK.A, HTZ, UNXL, PSX, BRK.B, MRVLOn The Fly: Closing Wrap
Stocks on Wall Street were higher on the final trading day of 2013, a year that saw the averages record some of their best yearly performances in more than a decade. The benchmark S&P 500 index advanced nearly 30%, its best gain since 1997, while the blue-chip Dow climbed more than 26%, its best gain since 1995, and each made new all-time highs several times during the year. The tech-heavy Nasdaq, while not making it all the way to a new all-time record level, gained more than 38% on the year. ECONOMIC EVENTS: In the U.S., the S&P/Case-Shiller index of home prices in 20 cities rose 0.2% in October from the prior month and climbed 13.6% from a year ago. The Chicago purchasing managers' index for December came in below forecasts at 59.1, which was down from a prior reading of 63.0. The Consumer Confidence index for December beat expectations with a rise to 78.1. COMPANY NEWS: Hertz (HTZ) gained $2.71, or 10.46%, to $28.62 after last night disclosing the adoption of a shareholder rights plan, or "poison pill." That was followed by a report from CNBC's Scott Wapner that noted investor Dan Loeb has taken a new position in the company. Wapner reported that Loeb has amassed a position smaller than 5% and that he does not intend to take an activist role, though CNBC's David Faber also said another "well known" investor has amassed a stake in Hertz and will push for change at the company. Car rental peer Avis Budget (CAR) also advanced 91c, or 2.3%, to $40.42 for the session. MAJOR MOVERS: Among the notable gainers was Marvell Technology (MRVL), which rose 62c, or 4.51%, to $14.38 after KKR Holdings (KKR) reported a 6.8% stake in the semiconductor maker and indicated it may engage in talks with Marvell's management. Also higher was Phillips 66 (PSX), up $2.41, or 3.23%, to $77.13 after agreeing to trade its flow improver business to Berkshire Hathaway (BRK.A, BRK.B) in exchange for shares of Phillips 66 common stock currently held by Berkshire. Among the noteworthy losers was Uni-Pixel (UNXL), down $1.78, or 15.1%, to $10.01 after the company's CEO, Reed Killion, resigned to pursue other interests. Also lower was Star Scientific (STSI), down 9c, or 7.2%, to $1.16 after receiving a warning letter from the FDA regarding two consumer products it markets, Anatabloc and CigRx. INDEXES: The Dow was up 72.37, or 0.44%, to 16,576.66, the Nasdaq was up 22.39, or 0.54%, to 4,176.59, and the S&P 500 was up 7.29, or 0.40%, to 1,848.36.
News For B;UNXL;STSI From The Last 14 Days
Check below for free stories on B;UNXL;STSI the last two weeks.
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April 14, 2014
14:02 EDTUNXLUni-Pixel names Robert Rusenko as COO
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08:36 EDTUNXLUni-Pixel appoints Jeff Hawthorne as CEO
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April 7, 2014
09:34 EDTSTSIActive equity options trading on open
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April 3, 2014
10:01 EDTUNXLUni-Pixel and Conductive Inkjet Technology agree to settle ongoing litigation
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