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Stock Market & Financial Investment News

News Breaks
April 18, 2012
16:36 EDTRIO, CHSI, BRK.A, GNW, IVN, CHK, INTC, YPF, SXCI, BRK.B, IBMOn The Fly: Closing Wrap
Stocks on Wall Street were lower, as earnings, particularly from the technology sector, disappointed. Stock futures were lower following yesterday’s big advance but closed the pre-market trading session just slightly below fair value. There were no economic numbers released before the open so investors focused on the earnings reports from companies including IBM (IBM) and Intel (INTC). The market opened at its session highs and quickly moved lower by roughly 0.5%, where it sat for several hours. The market selling then picked up in the afternoon, with the indices hitting session lows and struggling the rest of the day... ECONOMIC EVENTS: In the U.S., crude oil inventories grew more than expected, while gasoline and distillates inventories shrank more than analyst forecast. In Europe, investors are anxious to see what emerges from Spain's auction of two-year notes and 10-year debt, which occurs tomorrow... NEWS: Reuters reported that the CEO of Chesapeake Energy (CHK) took out as much as $1.1B in unreported loans in the last three years, raising the possibility of conflicts of interest. Chesapeake’s stock price fell 5.54% throughout the day, ending at $18.06... Berkshire Hathaway’s (BRK.A;BRK.B) Warren Buffett was diagnosed with treatable stage one prostate cancer. Berkshire’s stock price fell slightly on the news, ending the day down 1.29% at $119,750... MAJOR MOVERS: Among the notable gainers were Catalyst Health Solutions (CHSI), skyrocketing 34.14%, to $85.23, after it was acquired in a merger with SXC Health Solutions (SXCI), and Ivanhoe (IVN), up 15.99%, to $13.64, after CEO Robert Friedland resigned in a sweeping agreement with majority shareholder Rio Tinto (RIO) that involved funding for the massive Oyu Tolgoi copper-gold mining project in Mongolia. Noteworthy losers included YPF (YPF), which resumed trading after being halted and continued to plummet, down 32.72%, to $13.12, following the Argentine government’s nationalization of the company, and Genworth Financial (GNW), down 23.77%, to $5.87, after the company decided to postpone its IPO of its Australian unit backing home loans to early 2013 after “elevated” losses in the country this year... INDICES: The Dow lost 82.79 points, or 0.63%, to 13,032.75; the Nasdaq fell 11.37 points, or 0.37%, to 3,031.45; and the S&P 500 dropped 5.64 points, or 0.41%, to 1,385.14.
News For B;CHK;CHSI;SXCI;IVN;RIO;YPF;GNW From The Last 14 Days
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May 28, 2015
10:02 EDTGNWOn The Fly: Analyst Upgrade Summary
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06:27 EDTGNWGenworth upgraded to Equal Weight on valuation at Morgan Stanley
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06:09 EDTGNWGenworth upgraded to Equal Weight from Underweight at Morgan Stanley
May 26, 2015
15:41 EDTRIOChina could target Cameco, Rio Tinto uranium assets, Financial Post says
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08:20 EDTGNWMorgan Stanley to hold a field trip
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May 22, 2015
09:34 EDTCHKActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
May 21, 2015
09:20 EDTCHKChesapeake resumed with a Neutral at JPMorgan
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May 19, 2015
07:31 EDTCHKUBS to hold a conference
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05:46 EDTRIORio Tinto and Mongolia sign Oyu Tolgoi development and financing plan
The government of Mongolia, Turquoise Hill Resources and Rio Tinto signed the Oyu Tolgoi Underground Mine Development and Financing Plan. The plan addresses the key outstanding shareholder issues and sets out an agreed basis for the funding of the project. With a new pathway to development of the underground mine agreed, the focus now shifts to finalising the project finance, the feasibility study and securing all necessary permits so that the underground mine development can proceed. he construction of the first phase of the pioneering Oyu Tolgoi project – the open-pit mine – was completed on schedule in less than 24 months. The operation celebrated one million tonnes of copper concentrate shipped in March 2015, less than two years after the first production left the mine. Oyu Tolgoi has a workforce that is 95 per cent Mongolian and Oyu Tolgoi LLC has paid $1.3 billion in taxes, fees and other payments to date. Reference Link
May 18, 2015
11:15 EDTCHKStocks with call strike movement; CHK RIG
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10:01 EDTCHKOn The Fly: Analyst Downgrade Summary
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06:39 EDTCHKChesapeake downgraded to Neutral from Buy at Goldman
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May 17, 2015
17:33 EDTRIORio Tinto seeks buyer for Pacific Aluminum, FT says
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May 15, 2015
16:35 EDTCHKIcahn Associates gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: Manitowoc (MTW), Voltari (VLTC), Federal-Mogul Holdings (FDML), and Chesapeake Energy (CHK). DECREASED STAKES: None. LIQUIDATED STAKES: None.
10:45 EDTCHKStocks with call strike movement; CHK RIG
Chesapeake (CHK) October 17 call option implied volatility increased 2% to 45, Transocean (RIG) August 21 call option implied volatility increased 4% to 42 according to IVolatility.

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