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News Breaks | | | | April 18, 2012 | | 16:36 EDT |  | SXCI, BRK.B, IBM, RIO, CHSI, BRK.A, GNW, IVN, CHK, INTC, YPF | On 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. | |
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News For B;CHK;CHSI;SXCI;IVN;RIO;YPF;GNW From The Last 14 Days Check below for free stories on B;CHK;CHSI;SXCI;IVN;RIO;YPF;GNW the last two weeks. |
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| May 16, 2013 | | 12:33 EDT |  | CHK | Chesapeake volatility at 29-month lows
 Subscribe for More Information | | | 10:03 EDT |  | CHK | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 06:47 EDT | | CHK | Chesapeake downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Chesapeake citing valuation and a lack of catalysts. | | | 06:03 EDT |  | YPF | YPF, Chevron agree to terms of Argentina shale investment, Reuters reports
Subscribe for More Information | | | May 14, 2013 | | 09:38 EDT | | RIO | Rio Tinto downgraded to Equal Weight from Overweight at Barclays
Subscribe for More Information | | | 07:29 EDT |  | RIO | BofA/Merrill to host a conference
Subscribe for More Information | | | 07:23 EDT | | B | Oppenheimer to host a summit
Subscribe for More Information | | | May 13, 2013 | | 06:12 EDT | | CHK | BNY Mellon appeals ruling on Chesapeake’s early $1.3B bond call, Bloomberg says
Bank of New York Mellon (BK) is appealing a ruling allowing Chesapeake Energy (CHK) to proceed today with redeeming $1.3B in bonds six years early at 100 cents on the dollar, reports Bloomberg. A notice of the appeal was filed May 11 in federal court in Manhattan.Reference Link | | | May 10, 2013 | | 05:53 EDT | | RIO | Carlyle Group bids on stake Rio Tinto Australian copper mine, Reuters reports
The Carlyle Group (CG) submitted a bid for Rio Tinto's (RIO) 80% stake in the Northparkes copper mine in Australia, sources say, reports Reuters. Analysts have suggested Rio Tinto could receive up to $1B for the mine. Reference Link | | | May 9, 2013 | | 11:54 EDT | | GNW | Stocks with call strike movement; GNW APOL
Subscribe for More Information | | | | 07:57 EDT | | RIO | Rio Tinto CEO defends iron ore expansion criticized by holders, FT says
Subscribe for More Information | | | 07:12 EDT | | RIO | Miners' asset sale attracts private equity, Bloomberg reports
Subscribe for More Information | | | May 8, 2013 | | 16:30 EDT |  | CHK | MarkWest Energy acquires granite was assets from Chesapeake for $245M
Subscribe for More Information | | | 14:09 EDT | | CHK | Chesapeake confirms favorable ruling in bond litigation
Chesapeake Energy (CHK) announced that the United States District Court for the Southern District of New York has ruled in Chesapeake’s favor, enabling the company to redeem its $1.3B of 6.775% Senior Notes due 2019 at par pursuant to the Special Early Redemption provision of the Notes. The company initiated its legal action on March 8, against the trustee for the Notes, The Bank of New York Mellon (BK). Chesapeake said will proceed with its Special Early Redemption of the Notes, with payment expected to be made on May 13, adding, “We are pleased that the Court has ruled in Chesapeake’s favor. We expect the refinancing of the Notes to save the Company more than $100M in interest payments.” | | | 12:48 EDT | | CHK | Chesapeake wins bond suit against BNY Mellon, Reuters reports
Subscribe for More Information | | | 09:59 EDT | | GNW | Genworth downgraded to Neutral from Buy at BTIG
| | | 05:47 EDT | | RIO | Rio Tinto sees record iron sales to China, WSJ reports
Rio Tinto (RIO) expects its iron ore sales to China to rise to a record this year due to the country's increasing demand for steel, according to Alan Smith, president of Rio Tinto Iron Ore Asia, reports the Wall Street Journal. He said China's demand for steel is expected to rise at a compound annual growth rate of 3% in the next decade.Reference Link | | | May 7, 2013 | | 11:37 EDT | | CHK | Gastar gains after plan to raise funds for share buyback, settlement
Subscribe for More Information | | | 10:00 EDT |  | CHK | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 08:06 EDT | | CHK | Chesapeake initiated with a Cautious at ISI Group
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