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Stock Market & Financial Investment News

News Breaks
January 23, 2013
13:12 EDTMAPP, ISRG, GOOG, DGX, AMD, IBM, AGN, COH, CREEOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the Dow was lifted by an advance in IBM (IBM) shares and the Nasdaq was similarly boosted by Google's (GOOG) outperformance. The S&P has been a laggard all morning, remaining near the flat line since the open, but is back in positive ground in afternoon trading... ECONOMIC EVENTS: In the U.S., the light economic calendar included the Home Price Index, which showed prices rose 0.6% in November, versus expectations for an increase of 0.7%. Also of note, the International Monetary Fund lowered its outlook for 2013 global output growth to 3.5% from 3.6%... COMPANY NEWS: IBM advanced over 5% at midday after its earnings report and guidance exceeded expectations. Google similarly reported earnings that beat consensus and price targets on its shares were raised all over The Street. Google advanced over 6% following the report... Among others reporting earnings last night and this morning, advancers included Cree (CREE), Advanced Micro Devices (AMD) and Intuitive Surgical (ISRG); decliners included Coach (COH) and Quest Diagnostics (DGX)... MAJOR MOVERS: Among the notable gainers not moving on earnings was MAP Pharmaceuticals (MAPP), which rose 58.6% to $24.71 after agreeing to be acquired by Allergan (AGN) for $25 per share. Allergan shares fell 1.2% following the announcement. Also lower were shares of Molycorp (MCP), which fell about 9% after disclosing it now sees Q4 and 1H13 production substantially lower than expected... INDICES: Near 1 pm ET, the Dow was up 67.87, or 0.49%, to 13,780.08; the Nasdaq was up 9.63, or 0.31%, to 3,152.81; and the S&P 500 was up 0.74, or 0.05%, to 1,493.30.
News For IBM;GOOG;CREE;AMD;ISRG;COH;DGX;MAPP;AGN From The Last 14 Days
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November 17, 2014
06:23 EDTGOOGFacebook working on 'Facebook at Work' website, FT reports
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06:10 EDTGOOGGoogle partners with Telstra to test Project Loon in Australia, SMH reports
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06:07 EDTCREEStocks with implied volatility below IV index mean; CREE V
Stocks with implied volatility below IV index mean; Cree (CREE) 37, Visa (V) 17 according to iVolatility.
06:05 EDTAGNActavis close to buying Allergan for over $64B, Bloomberg reports
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November 16, 2014
14:02 EDTAGNAllergan, Actavis move closer to deal, WSJ reports
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November 14, 2014
17:07 EDTGOOGSoros Fund Management gives quarterly update on stakes
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16:39 EDTIBMBerkshire Hathaway gives quarterly update on stakes
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11:14 EDTAMDAMD awarded $32M in research grants for extreme scale computing research
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09:38 EDTAMDJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
07:14 EDTDGXAmerican College of Rheumatology is holding a meeting
2014 ACR/ARHP Annual Meeting is being held in Boston on November 14-19.
06:00 EDTGOOGGoogle to retire Google Wallet for digital goods API on March 2, 2015
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November 13, 2014
14:26 EDTGOOGAVG Technologies, Google renew Internet search and advertising agreement
AVG Technologies (AVG) announced earlier it has signed a renewal of its Internet search and advertising services agreement with Google (GOOG; GOOGL). The agreement has a 16-month term. AVG Technologies advised that the company's news release earlier today included an incorrect statement of the terms of the Google contract.
13:28 EDTIBMBlackBerry hits 52-week high after unveiling partnerships
Shares of BlackBerry (BBRY) hit a new 52-week high after the company announced three new partnership deals. The company is slated to hold its analyst day today, starting at 3:30 PM ET. WHAT'S NEW: BlackBerry announced that it would partner with Samsung to provide a security solution for the South Korean company's mobile devices that utilize Google's (GOOG) Android operating system. Under the deal, BlackBerry’s BES12, an Enterprise Mobility Management system, or EMM that was launched today, will be integrated with some of Samgung's Galaxy smartphones and tablets. BES 12 "securely manages devices from all of the major enterprise mobile platforms" and "will help organizations securely connect employees with each other and with the corporate information and machines” they need, BlackBerry stated. Also today, Blackberry announced that it would connect its EMM solutions to Salesforce's (CRM) top customer relationship management platform. "This agreement will allow Salesforce and BlackBerry joint customers to run their businesses from their phone while complying with specific industry regulations," said Vivek Kundra, a Salesforce Executive Vice President in a statement. "BlackBerry has an excellent reputation in security and networks, and when matched with the Salesforce Customer Success Platform, public sector organizations can use their mobile devices to connect with customers in a whole new way," added Kundra. Finally, BlackBerry announced that Brightstar would distribute BES 12. BlackBerry described Brightstar as "the world's largest wireless distribution company and leader in services for the wireless industry." WHAT'S NOTABLE: BES12 is expected to compete with Apple (AAPL) in the enterprise space. Apple earlier this year announced that it was partnering with IBM (IBM) in an effort to sell more products to corporate customers. PRICE ACTION: In mid-afternoon trading, BlackBerry jumped 6% to $11.95. Earlier today the shares set a new 52-week high of $12.05.
12:02 EDTIBMIBM signs 10-year, large-scale services agreement with WOOX Innovations
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10:01 EDTDGXOn The Fly: Analyst Upgrade Summary
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07:23 EDTAGNValeant wooing doctors ahead of hoped for Allergan acquisition, WSJ says
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06:22 EDTGOOGLenovo, Asustek to launch $149 Chromebook, DigiTimes reports
Lenovo and Asustek plan to release Chromebooks using Google (GOOG) certified solutions from Rockchip in 1H15, reports DigiTimes. According to DigiTimes Resarch's latest finding from the Greater China supply chain, the devices are expected to be priced at $149. Reference Link
06:20 EDTGOOGAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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06:16 EDTDGXLabCorp downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded LabCorp (LH) to Hold saying revenue synergies from the Covance (CVD) acquisition are "hard to envision." The firm believes LabCorp is now less of a pure play in the Clinical Labs space and lowered its price target for shares to $115 from $120. Deutsche coupled the downgrade with an upgrade of peer Quest (DGX).
06:13 EDTDGXQuest Diagnostics upgraded to Buy from Hold at Deutsche Bank
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