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Stock Market & Financial Investment News

News For IBM;ADBE;BBY;WMT;AMZN;TGT;SHLD;NILE;JCP From The Last 14 Days
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December 22, 2014
07:32 EDTWMTGreen Dot contract renewal with Wal-Mart likely, says Deutsche Bank
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06:38 EDTAMZNSome companies concerned about Amazon.com cloud servers, Reuters reports
In the wake of Edward Snowden's disclosure of NSA practices, some larger companies are reluctant to rely too heavily on Amazon's cloud servers to store information, according to Reuters. These companies prefer to store data on their own premises, the news service explained. Reference Link
December 19, 2014
09:37 EDTAMZN, JCPActive equity options trading
Active equity options trading according to Track Data: AAPL TSLA BBRY AMZN CELG GILD JCP AMAT FB
December 18, 2014
16:01 EDTAMZNOptions Update; December 18, 2014
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15:07 EDTAMZNAmazon Prime Now points to widening fulfillment moat, says Piper Jaffray
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14:39 EDTWMT, AMZN, BBY, TGTBacker of Internet sales tax to get powerful Senate post
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14:19 EDTAMZNMacmillan CEO says new deal struck with Amazon
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14:01 EDTAMZNAmazon.com Prime Now positive, says Wells Fargo
After Amazon launched its under one hour delivery service called Prime Now, Wells Fargo thinks the service will strengthen the attachment to Prime of consumers in urban markets. The firm thinks Prime Now is compelling compared with competing services. It keeps an Outperform rating on Amazon.
11:31 EDTAMZNAmazon.com continues downtrend, levels to watch
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11:04 EDTADBEOptions with decreasing implied volatility
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09:02 EDTAMZNAmazon announces thousands of titles in Amazon FreeTime Unlimited
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06:42 EDTAMZNAmazon.com named a top pick for 2015 at Piper Jaffray
Piper Jaffray calls Amazon.com a top pick for 2015, saying it expects investors will become increasingly confident that the business will scale longer term. Piper reiterates an Overweight rating on the stock with a $400 price target.
05:50 EDTAMZNAmazon.com introduces Prime Now
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December 17, 2014
17:47 EDTTGTTarget names Laysha Ward as chief corporate social responsibility officer
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17:44 EDTTGTTarget names Casey Carl as Chief Strategy and Innovation Officer
Target announced that Casey Carl, president, omnichannel and senior vice president, strategy, will assume the role of chief strategy and innovation officer.
16:03 EDTIBMIBM adds Cloud Centers in Europe, Asia and the Americas
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16:00 EDTAMZNOptions Update; December 17, 2014
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15:12 EDTIBMIBM, Lufthansa get approval for IT services deal from EU Commission
The European Commission has approved under the EU Merger Regulation the acquisition of parts of Lufthansa Systems Aktiengesellschaft of Germany, a subsidiary of Deutsche Lufthansa (DLAKY), by a subsidiary of International Business Machines (IBM). The Lufthansa business to be acquired by IBM Central Holding provides certain IT services to the Lufthansa group. The European Commission concluded that the proposed acquisition would not raise competition concerns given the very limited overlaps between the parties' activities and the presence of several strong alternative players that would remain active after the merger.
10:36 EDTADBEOptions with decreasing implied volatility
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10:13 EDTAMZNAmazon's German workers to continue strike over wages, WSJ reports
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09:41 EDTAMZNActive equity options trading
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09:00 EDTAMZNEU expanding 'sweetheart' tax probe, WSJ reports
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08:24 EDTSHLDSears 'strategic misdirection' highlighted by Mygofer failure, WSJ says
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December 16, 2014
16:00 EDTAMZNOptions Update; December 16, 2014
iPath S&P 500 VIX Short-Term Futures up 1.55 to 34.60. Option volume leaders: AAPL TSLA TWTR AMZN FB C GILD BAC NFLX AA MGM MCD according to Track Data.
13:31 EDTAMZNAmazon.com volatility elevated as shares trade below $300
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13:19 EDTAMZNResearch firm sees Amazon spinning off AWS in 2015, CNBC reports
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13:04 EDTAMZNAmazon.com breaks $300 level, moderates
The stock is hugging the line at $300 after falling to an intraday low of $297.52 earlier in the session. That level remains support for the day. Resistance is at the session high at $304.49.
11:31 EDTIBMRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link
10:41 EDTWMTWal-Mart initiated with a Market Perform at Cowen
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10:35 EDTAMZNOffice Depot rises after BB&T upgrades shares citing merger potential
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10:03 EDTTGTTarget initiated with an Outperform at Cowen
Target $85.
09:41 EDTWMTWal-Mart sees 6c impact to Q4 EPS from Pennsylvania Supreme Court ruling
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09:39 EDTWMTWal-Mart says Pennsylvania Supreme Court largely upholds class action ruling
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09:36 EDTAMZNActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN C TSLA PBR TWTR NFLX JPM CLF ABX
09:17 EDTAMZNInternet sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Americas Internet sector to Attractive to Neutral based on more reasonable valuations, reduced expectations, and strong sector growth. As part of the sector change, the firm upgraded GrubHub (GRUB) to Buy from Neutral, downgraded Shutterfly (SFLY) to Neutral from Buy, and lowered Priceline (PCLN) to Buy from Conviction Buy.
09:03 EDTIBMBernstein U.S. IT hardware analyst holds an analyst/industry conference call
U.S. IT Hardware Analyst Sacconaghi discusses the key drivers of IBM's financial model and provides an analyst's perspective on the stock on an Analyst/Industry conference call to be held on December 19 at 11 am.
06:36 EDTAMZNAmazon says HBO GO now available on Fire TV
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06:11 EDTAMZNAmazon.com extends free shipping order cutoff to Dec. 19
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December 15, 2014
16:00 EDTAMZNOptions Update; December 15, 2014
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15:20 EDTAMZNAmazon Seattle HQ partially evacuated due to threat, GeekWire reports
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15:05 EDTAMZNGoogle to step up challenge to Amazon with new shopping features, WSJ says
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11:17 EDTSHLDSears to have about 1,700 Sears, Kmart stores in operation going into 2015
On a company blog post, Sears CEO Eddie Lampert said: "At our most recent Town Hall meeting with our associates, I explained that I want us to operate our stores both profitably and with excellence. Both, not just one or the other.This is the background behind our decision to close more than 200 Kmart and Sears stores in 2014. Most of these stores were losing money, some for a long time. Because of the impact on our dedicated associates and our Shop Your Way members, these decisions were not taken lightly, or without our working to improve the performance of these stores over many years. Going into 2015, we will have approximately 1,700 Sears and Kmart big box stores in operation, representing about 200 million square feet of space." Reference Link
11:16 EDTAMZNStocks with call strike movement; AMZN BABA
RT Options Scanner shows Amazon.com (AMZN) January 350 call option implied volatility increased 8% to 38, Alibaba (BABA) January 117 call option implied volatility increased 2% to 39 according to IVolatility.
10:23 EDTADBEOptions with decreasing implied volatility
Options with decreasing implied volatility: LE CIEN LULU PETM RH ATHN ADBE
09:38 EDTAMZN, JCPActive equity options trading
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06:29 EDTAMZNAmazon's German workers begin fresh three-day strike, Independent.ie reports
Workers at five of Amazon's nine distribution centers in Germany have started a fresh-three day strike to press the retailer for better pay and working conditions, The Independent.ie reports. Reference Link
05:55 EDTIBMStocks with implied volatility movement; IBM XOM
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December 12, 2014
16:19 EDTADBEOn The Fly: Closing Wrap
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16:00 EDTAMZNOptions Update; December 12, 2014
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13:04 EDTADBEOn The Fly: Midday Wrap
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13:00 EDTADBEShutterstock falls after Adobe buys competitor Fotolia
Shares of Shutterstock (SSTK), a provider of commercial digital images, are falling after Adobe (ADBE) announced that it would buy one of the company's privately held competitors, Fotolia. WHAT'S NEW: Adobe said last night that has struck a deal to buy Fotolia for about $800M in cash. Adobe expects the deal to be neutral to its profits in fiscal 2015, but predicts that the acquisition will increase its profits in fiscal 2016. Both Fotolia and Shutterstock provide photos and videos to commercial customers. Investors may believe that Fotolia will become a tougher competitor for Shutterstock after it becomes part of Adobe. PRICE ACTION: In early afternoon trading, Shutterstock tumbled 12.5% to $62.71. The shares are down 24% in the last month.
12:10 EDTADBEAdobe hits 52-week high after results beat estimates
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09:13 EDTADBEOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Adobe (ADBE), up 5.5% after reporting first quarter results and that it will acquire Fotolia for approximately $800 in cash. ALSO HIGHER: ChemoCentryx (CCXI), up 107.1% after Phase II clinical trial in diabetic nephropathy with CCX140 met its primary endpoint... Oncothyreon (ONTY), up 15.8% after announcing exclusive agreement with Array BioPharma (ARRY)... Talisman Energy (TLM), up 24.4% after a report that Repsol (REPYY) is preparing to make a C$6.00 per share bid... GoPro (GPRO), up 4.4% after being upgraded to Overweight from Neutral at JPMorgan. LOWER: Emerald Oil (EOX), down 18% after cutting fiscal 2015 guidance, naming new COO, and providing an updated fiscal 2015 development plan... Goodrich Petroleum (GDP), down 8.2% after being downgraded to Underweight from Overweight at JPMorgan... MEI Pharma (MEIP), down 3.9% after 10M share Secondary priced at $4.00... Heritage-Crystal Clean (HCCI), down 6.6% after 3.1M share Secondary priced at $10.00.
09:08 EDTIBMHatch to look to push tech worker bill, Reuters reports
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08:43 EDTWMTWal-Mart cuts prices on iPhone, BGR reports
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07:30 EDTAMZNAmazon forced to remove app from Google Play store, TechCrunch reports
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06:16 EDTAMZNGlobal demand for e-paper on the decline, DigiTimes reports
Global demand for e-paper from e-book vendors is decreasing due to competition from tablets, reports DigiTimes, according to sources with Taiwan's supply chain. Due to the decline, Toshiba (TOSBF), Sony (SNE), and Panasonic (PCRFY) have withdrawn from the e-book reader market. According to the sources, Amazon is still look at growth in the China market, but the e-book reader market is not showing any signs of a rebound. Reference Link
05:34 EDTADBEAdobe price target raised to $90 from $83 at Jefferies
Jefferies raised its price target for Adobe shares to $90 citing the company's "strong" Q4 results. The firm reiterates a Buy rating on the name.
December 11, 2014
18:14 EDTADBEOn The Fly: After Hours Movers
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18:08 EDTADBEAdobe says marketing cloud growth 'well ahead' of 30% target
Says on track or ahead of long term goals set a year ago. Says nearly $3B of contracted revenue on books. Says expects to grow total subscriptions approximately 70% YoY in FY15. Comments from company's Q4 earnings conference call.
16:55 EDTADBEAdobe sees Fotolia acquisition neutral to FY15 adjusted EPS, accretive in FY16
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16:50 EDTADBEAdobe exits Q4 with over 3.45M creative cloud subscriptions
16:44 EDTADBEKKR to sell Fotolia to Adobe for $800M
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16:26 EDTADBEAdobe expects to exit 2015 with approximately 5.9M creative cloud subscriptions
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16:25 EDTADBEAdobe sees Q1 adobe marketing cloud revenue down sequentially
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16:24 EDTADBEAdobe sees FY15 adjusted EPS $2.05, consensus $2.07
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16:23 EDTADBEAdobe sees Q1 adjusted EPS 34c-40c, consensus 39c
Sees Q1 revenue $1.05B-$1.10B, consensus $1.1B.
16:14 EDTADBEAdobe up over 5% following Q4 results
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16:10 EDTADBEAdobe to acquire Fotolia for approximately $800 in cash
Adobe announced that it has entered into a definitive agreement to acquire privately-held Fotolia, a leading marketplace for royalty-free photos, images, graphics and HD video, for approximately $800 in cash. Fotolia will be integrated into Adobe Creative Cloud, providing current and future Creative Cloud members with the ability to access and purchase over 34M images and videos, significantly simplifying and accelerating the design process. The acquisition of Fotolia cements Creative Cloudís role as a vibrant marketplace for creatives to buy and sell assets and services as well as showcase their talent to a worldwide audience. Adobe also plans to continue to operate Fotolia as a standalone stock service, accessible to anyone. The transaction, which is expected to close in the second half of Adobeís fiscal Q1 2015, is subject to certain regulatory approvals and customary closing conditions. The potential financial impact to Adobe of this transaction is not reflected in financial targets Adobe has previously provided, or new targets disclosed as part of Adobe's financial results, released on December 11, 2014. Until the transaction closes, each company will continue to operate independently. Upon close Fotolia CEO, Oleg Tscheltzoff, will continue to lead the Fotolia team as part of Adobeís Digital Media business.
16:08 EDTADBEAdobe reports Q4 cash flow from operations $400M
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16:07 EDTADBEAdobe reports Q4 creative ARR revenue $1.676B
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16:06 EDTADBEAdobe added 644,000 net new creative cloud subscriptions in Q4
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16:05 EDTADBEAdobe reports Q4 adjusted EPS 36c, consensus 30c
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16:01 EDTAMZNOptions Update; December 11, 2014
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15:13 EDTADBENotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Adobe Systems (ADBE), consensus 30c; Quiksilver (ZQK), consensus (11c); Nordson (NDSN), consensus $1.13; Dominion Diamond (DDC), consensus 27c.
14:59 EDTADBEAdobe December volatility elevated into Q4 and outlook
Adobe December call option implied volatility is at 45, January is at 31, April is at 28; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q4 results today after the market close.
14:43 EDTADBEAdobe technical comments ahead of earnings
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09:08 EDTWMTWal-Mart China troubles brewing, hid for years, Bloomberg says
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06:34 EDTWMTJudge says Wal-Mart managers at two stores violated labor laws, NY Times reports
Managers at two of Wal-Mart's (WMT) California stores illegally punished employees for striking and unlawfullythreatened to close a store in retaliation for higher compensation demands by workers, a judge ruled yesterday, according to The New York Times. The company said it would appeal the ruling. Reference Link
December 10, 2014
14:31 EDTWMTWal-Mart names Judith McKenna as COO of Wal-Mart U.S.
McKenna succeeds Gisel Ruiz, who has been appointed executive vice president of Walmartís International People Division.
08:36 EDTIBMApple, IBM deliver first wave of IBM MobileFirst for iOS apps
Apple (AAPL) and IBM (IBM) have delivered the first wave of IBM MobileFirst for iOS solutions in a new class of made-for-business apps and supporting cloud services that bring IBMís big data and analytics capabilities to iPhone and iPad users in the enterprise. IBM MobileFirst for iOS solutions are now available to enterprise customers in banking, retail, insurance, financial services, telecommunications and for governments and airlines, thanks to an unprecedented collaboration between Apple and IBM. IBM clients today announcing support for IBM MobileFirst for iOS solutions include: Citi, Air Canada, Sprint and Banorte.
08:17 EDTAMZNAmazon.com expected to outperform this holiday season, says Nomura
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08:16 EDTIBMBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
08:08 EDTBBYBest Buy field checks show good November, says Jefferies
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08:00 EDTADBEAdobe December volatility increases into Q4 and outlook
Adobe December call option implied volatility is at 46, January is at 29, April is at 27; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on December 11.
06:34 EDTAMZNAmazon's publishing boss to leave company, Seattle Times reports
The boss of Amazon's publishing division is leaving after a little more than a year in the job, The Seattle Times reports, citing a confirmed statement from an Amazon spokeswoman. Daphne Durham was at the company for over 15 years. Mikyla Bruder will assume most of Durhamís responsibilities. Reference Link
06:18 EDTAMZNAmazon's Twitch to acquire GoodGame agency, terms not disclosed
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December 9, 2014
07:55 EDTAMZNAmazon.com continuing to gain share, says Pacific Crest
After conducting a consumer technology survey, Pacific Crest reports that 81% of respondents plan to shop at Amazon this holiday, while 31% plan to do most or nearly all of their online holiday shopping on the website. The firm thinks the company is continuing to gain share and it recommends buying the stock.
07:24 EDTADBEAdobe December volatility elevated into Q4 and outlook
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06:29 EDTAMZNAmazon warns of moving more drone research abroad, WSJ reports
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06:23 EDTAMZNAmazon.com testing faster deliveries through bikes, drones, WSJ reports
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06:16 EDTAMZNAmazon unveils 'Make an Offer' for customers to negotiate lower prices
Amazon.com has announced the "Make an Offer" experience that allows customers to negotiate even lower prices on thousands of items. Expanding on Amazonís traditional fixed price model, the new pricing feature allows customers to offer to buy items at even lower prices. If agreed upon, customers can then purchase the items at a savings from the listed price. To start, more than 150,000 items from sellers on Amazon are enabled with the "Make an Offer" experience across Sports and Entertainment Collectibles, Collectible Coins and Fine Art. The new feature will expand to hundreds of thousands of items from sellers in 2015. The "Make an Offer" feature is not an auction format. All negotiations are 1:1 and private between individual customers and sellers. A seller is able to accept a customerís offer at any time. The intention is to lower prices, and a customer negotiating with a seller will never pay more than the listed price.
05:34 EDTAMZNChannelAdvisor says Amazon November SSS up 35.7%, eBay up 9.8%
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December 8, 2014
16:24 EDTWMTOn The Fly: Closing Wrap
Stocks on Wall Street were lower amid another drop in crude oil prices, which tumbled to five-year lows. The market opened slightly lower following weaker than expected data from China and Japan, with nothing of note on the domestic calendar to get buyers involved in the dayís activity. Near noon, the averages gained downside momentum and though the market pared its losses several times, it was never able to gain any steam to pull the indexes back into the green. ECONOMIC EVENTS: In the U.S., no major economic data was released. In Asia, Chinese exports rose 4.7% from a year earlier in November, which missed the consensus estimate for an 8% increase. Chinese imports fell 6.7% from the prior year last month, compared with projections for a 3.8% increase. Additionally, Japan's revised third quarter gross domestic product estimate showed the economy shrank more than initially thought, with growth contracting an annualized 1.9%. COMPANY NEWS: Shares of Cubist Pharmaceuticals (CBST) surged $26.24, or 35.29%, to $100.60 after Merck (MRK) agreed to acquire the maker of next-generation antibiotics for $102 per share in cash, or $8.4B and the assumption of $1.1B in debt. A number of other antibiotic makers also climbed, including Tetraphase (TTPH), which rose $2.45, or 8.82%, to $30.24, and Cempra (CEMP), which advanced $1.64, or 11.37%, to $16.06, while shares of Merck finished fractionally higher, adding 39c, or 0.63%, to $61.88 following the deal announcement. MAJOR MOVERS: Among the notable gainers following their presentations at the American Society of Hematology, or ASH, annual meeting were Calithera Biosciences (CALA), which gained $2.38, or 22.52%, to $12.95, and Acceleron Pharma (XLRN), which jumped $5.11, or 13.6%, to $42.67. Among the noteworthy losers was McDonald's (MCD), which fell $3.70, or 3.84%, to $92.61 after the Dow member reported a 2.2% decline in global same-restaurant sales in November. Additionally, the fast-food giant warned that its fourth quarter results would be hurt by its sales pressures, supplier issues in China and a stronger U.S. dollar. Also lower were shares of Liquidity Services (LQDT), which plunged $2.77, or 27.0%, to $7.49 after the company disclosed that Wal-Mart (WMT) had terminated a deal to provide it with surplus merchandise. INDEXES: The Dow fell 106.31, or 0.59%, to 17,852.48, the Nasdaq dropped 40.06, or 0.84%, to 4,740.69, and the S&P 500 slipped 15.06, or 0.73%, to 2,060.31.
16:00 EDTAMZNOptions Update; December 8, 2014
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12:40 EDTWMTOn The Fly: Midday Wrap
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10:49 EDTWMTLiquidity Services plunges after Wal-Mart seeks to end supply deal
Shares of Liquidity Services (LQDT) are tumbling after the company disclosed that Wal-Mart (WMT) had terminated a deal to provide it with merchandise. Liquidity Services operates an auction marketplace that features surplus and salvaged items. WHAT'S NEW: Liquidity Services reported after Friday's market close in a regulatory filing that Wal-Mart had decided to stop supplying products to Liquidity Services.The auction company noted that it had previously had the right to purchase certain consumer items that have been removed from Wal-Mart's shelves. However, Wal-Mart, on December 1, reported to the company that it would terminate the deal, effective today. Wal-Mart is alleging that Liquidity Services violated certain requirements of the agreement between the companies, Liquidity Services stated. However, the auction company disputed Wal-Mart's assertions and said it was "evaluating all its options" before determining how to proceed. Liquidity Services indicated that it still expects to meet its guidance for its December quarter results. ANALYST REACTION: In a note to investors today, Colin Sebastian, an analyst at research firm Robert W. Baird, predicted that the loss of the contract would have a significant impact on Liquidity Services' results starting in 2015. However, he believes that the extent of the impact on the company's earnings before interest taxes depreciation and amortization will depend on its ability to manage its expenses. The analyst cut his price target on the name to $9 from $12 and kept a Neutral rating on the shares. Meanwhile, Janney Capital analyst Shawn Milne wrote that Liquidity Services had previously disclosed that Wal-Mart accounted for 11% of its gross merchandise volume in fiscal 2014. Milne predicted that the termination of the deal would reduce Liquidity Services' annual EBITDA by less than $10M. He also kept a Neutral rating on the stock. PRICE ACTION: In early trading, Liquidity Services sank 25% to $7.70.
10:03 EDTWMTLiquidity Services price target lowered to $9 from $12 at RW Baird
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09:20 EDTWMTLiquidity Services estimate cuts possible on Wal-Mart fight, says Janney Capital
After Liquidity Services (LQDT) disclosed that Wal-Mart (WMT) terminated its return agreement and that the two are now in dispute over the deal, Janney Capital noted Liquidity 's recent 10K filing indicated that Wal-Mart accounted for 11% of FY14 gross merchandise volume, including Commercial Capital assets. Janney estimates the full year EBITDA impact from the contract to be somewhere below $10M, but said there is a potential for further estimate cuts given the dispute. The firm maintains its Neutral rating on Liquidity Services shares.
09:13 EDTWMTLiquidity Services reports Walmart terminates return agreement
Liquidity Services (LQDT) had previously acquired from ILJ Enterprises its business of purchasing closeouts, excess merchandise and customer returns for resale to retailers, wholesalers, and other third parties and consumers. In connection with the acquisition, the company, through one of its subsidiaries, assumed ILJís rights and obligations with Wal-Mart Stores (WMT). Under the Wal-Mart agreement, Liquidity Services has the exclusive right to purchase certain consumer products from Wal-Mart that have been removed from the sales stream of Wal-Martís retail operations. On December 1, Wal-Mart provided Liquidity Services written notice terminating the Wal-Mart Agreement, effective December 8. The termination notice alleges that the company failed to comply with certain provisions under the Wal-Mart agreement with respect to service level requirements and restrictions on the disposition of merchandise, Liquidity disclosed in a regulatory filing late Friday. The company disputes these allegations and is contesting the termination of the agreement with Wal-Mart. The company had been in negotiations with Wal-Mart to address Wal-Martís failure to honor the companyís exclusive right to purchase selected merchandise from Wal-Mart but was unable to reach a satisfactory resolution. The company is currently evaluating all of its options, reserves all rights with respect to this matter and will continue to seek appropriate relief from Wal-Mart for its failure to honor the companyís exclusive rights to purchase selected merchandise and any related actual damages the company has incurred. The company does not believe that the purported termination of the Wal-Mart Agreement will result in the company being unable to meet its financial guidance for its first fiscal quarter ending December 31, 2014, Liquidity Services stated.
08:50 EDTAMZNAmazon increasing robot fulfilment use faster than expected, says Janney Capital
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06:30 EDTAMZNAmazon's German workers strike again, WSJ reports
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