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Stock Market & Financial Investment News

News Breaks
April 18, 2012
12:11 EDTRHHBY, CREE, STX, INTC, ILMN, TXT, HAL, IBM, APH, URI, YHOOOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, as disappointment with the reports of two blue chip technology companies weighed on the market. Stock futures were slightly lower during the pre-market trading session, leading to a lower open for the broader market. The averages have struggled since the opening bell, with little in the way of economic data to distract investors from the latest round of earnings reports... ECONOMIC EVENTS: Domestically, the Mortgage Bankers Association reported mortgage applications were up 6.9% from a week earlier, driven by refinancing. Crude oil inventories grew more than expected, while gasoline and distillates inventories shrank more than analysts forecast... COMPANY NEWS: IBM (IBM), Intel (INTC) and Yahoo (YHOO) all reported earnings after the close yesterday that beat consensus expectations, but only Yahoo shares rallied following the announcements. The declines in IBM, which saw its revenues miss expectations and its shares fall 2.5%, and Intel, down 2% after its gross margins were worse than last quarter, weighed heavily on the Dow. In contrast, Yahoo gained 3% as its revenue grew for the first time since Q3 of 2008, as noted by Piper Jaffray... Among other companies reporting earnings, advancers included Halliburton (HAL), Seagate (STX) and United Rentals (URI); decliners included Textron (TXT), Cree (CREE) and Amphenol (APH)... MAJOR MOVERS: Among the notable gainers were Catalyst Health Solutions (CHSI), up 31%, and SXC Health Solutions (SXCI), up 7.5%, as both stocks benefited from plans to merge the companies in a cash and stock transaction that implies a purchase price of $81.02 per Catalyst share. Also higher were shares of THQ Inc. (THQI), up 36%, after the company raised its expectations for Q4 on strong sales of its "Saints Row" game. Noteworthy losers included Genworth (GNW), down 21%, after announcing it would delay the IPO of its Australian mortgage insurance business until early 2013, and Chesapeake Energy (CHK), down 10%, after Reuters reported that its CEO took out as much as $1.1B in unreported loans over the last three years which could raise the possibility of conflicts of interest. Also lower were shares of Illumina (ILMN), down 2.5%, after Roche (RHHBY) decided not to extend its $51 cash tender offer for the company... INDICES: Near noon, the Dow was down 47.34, or 0.36%, to 13,068.20; the Nasdaq was down 10.72, or 0.35%, to 3,032.10; and the S&P 500 was down 3.79, or 0.27%, to 1,386.99.
News For IBM;INTC;YHOO;HAL;STX;URI;TXT;CREE;APH;ILMN;RHHBY From The Last 14 Days
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August 18, 2015
18:04 EDTSTXSeagate to acquire Dot Hill Systems for $9.75 per share, or $694M
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18:01 EDTSTXSeagate to acquire Dot Hill Systems for $9.75 per share, or $694M
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13:35 EDTINTCMicrochip selects Intel technology to enhance Internet-of-Things security
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13:32 EDTINTCAtmel collaborates with Intel on Internet of Things applications
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10:13 EDTCREEOptions with decreasing implied volatility
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05:25 EDTILMNIllumina, Warburg Pincus, Sutter Hill form Helix, announce collaborations
Illumina (ILMN), Warburg Pincus and Sutter Hill Ventures announced that they have formed a company to empower consumers to discover insights into their own genomes through a vibrant ecosystem of high-quality content partners. The company, called Helix, is based in the San Francisco Bay Area and received financing commitments in excess of $100M. Jay Flatley, CEO of Illumina, will serve as chairman. Helix will enable individuals to acquire an unprecedented amount of genetic information by providing affordable sequencing and database services for consumer samples brought through third party partners, driving the creation of an ecosystem of consumer applications. Helix also announced two collaborations today with major partners. First, the Center for Individualized Medicine at Mayo Clinic is collaborating with Helix to develop applications initially focused on consumer education and health-related queries. As part of the collaboration, Mayo Clinic also made a strategic investment in Helix. Second, Laboratory Corporation of America Holdings (LH) will develop and offer innovative analysis and interpretation services, initially focused on medically actionable genetic conditions, to consumers through Helix's platform. Helix expects that other partners will develop applications focused on areas such as genealogy, fitness or wellness, and inherited traits to enable insights related to an individual's genetics.
August 17, 2015
19:29 EDTYHOOFacebook tests expanded blog capabilities, CNET says
Facebook (FB) is testing an expanded version of its "notes" feature, allowing users to include large background photos in the blog-like service, reports CNET. The new look puts the service more in line with Yahoo's (YHOO) Tumblr blogging platform, said the report, and a Facebook spokesperson remarked that the test aims to "make it easier for people to create and read longer-form stories on Facebook." Reference Link
13:34 EDTYHOOBuzzFeed and Yahoo Japan in JV, FT reports
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10:21 EDTCREEOptions with decreasing implied volatility
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07:39 EDTIBMTMC to hold a conference
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05:14 EDTRHHBYGenentech reports atezolizumab pivotal Phase II study met primary endpoint
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August 16, 2015
13:59 EDTIBMIBM product development strategy leaves cause for concern, Barron's says
IBM's hefty dividend and buyback programs have expended upward of 80% of operating cash flow in the past three years, and the company's "thin" R&D investments should give investors a "reason to be concerned," Barron's contends in its 'Technology Trader' column. Reference Link
August 14, 2015
16:37 EDTURIAppaloosa gives quarterly update on stakes, takes stake in Apple
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13:56 EDTHALU.S. greenlights crude oil export swaps with Mexico
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13:03 EDTIBMOmega Advisors gives quarterly update on stakes, discloses stake in Google
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11:08 EDTSTXSeagate options active on renewed private equity speculation
Seagate September 52.50 and January 47 puts are active on total put volume of 23K contracts (7K calls) on renewed private equity speculation. August put option implied volatility is at 40, September is at 29, January is at 30; compared to its 52-week range of 21 to 42. Active option volume suggests traders taking positions for price movement.
10:59 EDTSTXRumor: Seagate active on renewed private equity speculation
10:24 EDTCREEOptions with decreasing implied volatility
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10:13 EDTINTCAnalyst says Twitter CEO decision could come next week
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07:13 EDTINTCQualcomm outpacing Intel on technology, says JMP Securities
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