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Stock Market & Financial Investment News

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April 16, 2013
18:55 EDTYHOO, CG, INWK, NAV, BPFH, EOPN, ENDP, INTCOn The Fly: After Hours Movers
UP AFTER EARNINGS: Intel (INTC), up 0.3%... Boston Private Financial (BPFH), up 13.6% after first quarter earnings, announcing it will repurchase preferred stock held by Carlyle Group (CG)... ALSO HIGHER: Endo Health (ENDP), up 5% after the FDA announced it will not approve OxyContin using an old abbreviated new drug application... Naivstar (NAV), up 3.2% after naming a new COO and announcing the company received EPA certification for its big bore engines with selective catalytic reduction emissions technology... DOWN AFTER EARNINGS: Yahoo! (YHOO), down 4.4%... E2open (EOPN), down 26.2% after announcing fourth quarter earnings and cutting its first quarter and full-year guidance... ALSO LOWER: InnerWorkings (INWK), down 22% after the company lowered its full-year and first quarter views, citing changes at a large retail client.
News For INTC;BPFH;CG;ENDP;NAV;YHOO;EOPN;INWK From The Last 14 Days
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December 16, 2014
16:26 EDTNAVOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory following another tumble in the price of oil and Russian central bank intervention on the ruble. The continued decline in crude and the sudden rate hike in Russia led to an early sell-off, though the market soon pared its losses and the Dow eventually built a 200 point gain before noon. The swing of 300 points for the Dow was indicative of the day’s volatility. The market moved across the flat line again and in the end the sellers regained control and pushed the market to another loss. ECONOMIC EVENTS: In the U.S., housing starts fell 1.6% to a 1.028M rate in November, which was worse than the expected 3.1% increase. Building permits dropped 5.2% to a 1.035M rate in the month, which was also worse than the consensus forecast for a 2.5% drop. Markit's flash PMI for the U.S. dropped to 53.7 in December from 54.8 in November, which is an 11 month low and worse than the 55.2 reading that was forecast. In China, HSBC and Markit's preliminary manufacturing PMI fell to 49.5 in December from a final 50.0 reading in November. In Europe, Markit's composite PMI for the euro zone rose to 51.7, which was up from November's final reading of 51.1 and just above analyst forecasts for a reading of 51.5. Additionally, Russia's central bank raised its key interest rate to 17% from 10.5% in an effort to limit substantially increased ruble depreciation risks and inflation risks. COMPANY NEWS: Spain's Repsol (REPYY) announced plans to buy Talisman Energy (TLM) for $8 per share in cash, which was at the high end of the range reported recently by Financial Times. Talisman shares trading in New York surged $2.46, or 48.05%, to $7.58 following the deal announcement, while Repsol slipped 18c, or 0.93%, to $19.26. MAJOR MOVERS: The top nine gainers on the S&P 500 were all oil and gas exploration or services companies. After those came CVS Health (CVS), which gained $2.44, or 2.72%, to $92.31 after the company announced in conjunction with its analyst day meeting that it added $10B to its share repurchase plan, boosted its dividend 27%, affirmed its outlook for this fiscal year and pointed to growing earnings in its next fiscal year. Among the noteworthy losers was heavy truck maker Navistar (NAV), which fell $5.95, or 16.98%, to $29.10 after reporting losses for its just completed quarter. Also lower were shares of Russian companies listed in the U.S., including QIWI (QIWI), which dropped $2.81, or 13.06%, to $18.70 and Mobile TeleSystems (MBT), which slid 75c, or 10.84%, to $6.17. INDEXES: The Dow fell 111.97, or 0.65%, to 17,068.87, the Nasdaq dropped 57.32, or 1.24%, to 4,547.83, and the S&P 500 declined 16.89, or 0.85%, to 1,972.74.
12:26 EDTNAVOn The Fly: Midday Wrap
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11:31 EDTINTCRackspace 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
08:58 EDTENDPEndo a top pick for 2015, says Sterne Agee
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07:22 EDTNAVNavistar sees FY15 retail Class 6-8 deliveries of 350K-380K in U.S./Canada
Navistar forecasts retail deliveries of Class 6-8 trucks and buses in the United States and Canada will be in the range of 350,000 units to 380,000 units for FY15. "We continue to make the necessary changes to improve the company and we're entering 2015 in a much stronger position than we were one year ago. We've restructured our core North American business, have the right products in place, and established the right leadership team. We are well-positioned to meet our 8-10 percent EBITDA margin run rate target exiting 2015," said Troy A. Clarke, Navistar president and CEO.
07:20 EDTNAVNavistar sees Q1 adjusted EBITDA $0M-$50M
Navistar sees Q1 adjusted EBITDA of $0M-$50M, excluding pre-existing warranty and one-time items. Sees Q1 manufacturing cash, cash equivalents and marketable securities between $700M-$800M.
07:19 EDTNAVNavistar reports Q4 EPS with items (88c), consensus 15c
Reports Q4 revenue $3.01B, consensus $3.02B. Reports Q4 EBITDA of $66M, which included $60M of restructuring, impairments and other charges partially offset by a $10M favorable adjustment in pre-existing warranty. As a result, adjusted Q4 EBITDA was $116M, which was within the company's Q4 guidance. The company reported a 23% year-over-year increase in chargeouts for Class 6-8 trucks and buses in the United States and Canada. End-of-year order backlog for Class 6-8 trucks was up 24% year-over-year.
December 15, 2014
15:36 EDTNAVNavistar December 36 straddle priced for 6.2% movement into Q4
15:21 EDTNAVNotable companies reporting before tomorrow's open
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10:00 EDTCGOn The Fly: Analyst Initiation Summary
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08:19 EDTCGCarlyle Group initiated with an Equal Weight at Morgan Stanley
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08:12 EDTNAVNavistar to close foundry operations in Indianapolis
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December 12, 2014
14:04 EDTNAVNavistar volatility elevated into Q4 and outlook
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December 11, 2014
17:04 EDTENDPEndo registration statement relating to Auxilium declared effective by SEC
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10:17 EDTYHOOCiti upbeat on Google in face of pending Apple decision on Safari
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08:09 EDTYHOOGoogle shares pricing in loss of Apple search deal, says Citigroup
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06:51 EDTNAVNavistar coverage transferred with an Accumulate at Global Hunter
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December 9, 2014
07:08 EDTENDPEndo completes acquisition of rights to Natesto from Trimel BioPharma
Endo International announced the completion of the acquisition of rights to Natesto, a testosterone nasal gel, the first and only testosterone nasal gel for replacement therapy in adult males diagnosed with hypogonadism, from Trimel BioPharma, a wholly-owned subsidiary of Trimel Pharmaceuticals for $25M including additional payments upon the achievement of certain regulatory and sales milestones. Endo will collaborate with Trimel on all regulatory and clinical development activities regarding Natesto. Endo intends to launch the product, through its Endo Pharmaceuticals subsidiary, in the Q1 of 2015.
06:33 EDTCGCarlyle Group acquires majority stake in Newgen KnowledgeWorks for $32.8M
The Carlyle Group has invested $32.8M to acquire a 54.85% stake in Chennai, India-based Newgen KnowledgeWorks Private Limited, a provider of publishing and technical services for many of the world’s largest and most prestigious publishers, particularly in the USA, the UK and Europe. Equity for the transaction comes from First Carlyle Ventures III, an investment fund advised by The Carlyle Group. Carlyle acquired the stake held by Franklin Templeton Private Equity Strategy, Aureos South Asia Fund and ePlanet Capital in Newgen. Carlyle had earlier invested in Newgen in 2004 and exited its investment in 2011.
December 8, 2014
09:32 EDTENDPSyneron Medical signs agreement with AMS to supply holmium laser for urology
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