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Stock Market & Financial Investment News

News Breaks
July 15, 2014
09:21 EDTWWW, ALB, LJPC, VOL, ROC, GSK, APOL, OPTT, CDXS, BABA, LO, GPRO, LGF, GS, PLUG, RAI, JPMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: JPMorgan (JPM), up 2.9%... Goldman Sachs (GS), up 1.7%... Wolverine World Wide (WWW), up 2%. HIGHER: Lionsgate (LGF), up 2.5% after forming a strategic collaboration with Alibaba (BABA)... Rockwood (ROC), up 13.5% after Albemarle (ALB) agreed to acquire all outstanding shares of Rockwood in a cash and stock transaction valued at approximately $6.2B, or $50.65 in cash and 0.4803 shares of Albemarle common stock for each Rockwood share. Albemarle up 6% after announcing the merger... Codexis (CDXS), up 80% after announcing collaboration and license agreement with GlaxoSmithKline (GXK)... Plug Power (PLUG), up 12% after stock initiated with an Outperform rating at FBR Capital... GoPro (GPRO), up 5% after stock initiated with an Outperform rating and $60 price target at JMP Securities... La Jolla Pharma (LJPC), up 25% after announcing pre-clinical data for LJPC-1010 in NASH. LOWER: Lorillard (LO), down 5% after Reynolds American (RAI) confirms deal to acquire the company in transaction valued at $68.88 per share. Reynolds American down 2% following the confirmation of the long speculated merger deal... Apollo Education (APOL), down 1.1% following an announcement that the Department of Education intends to conduct an ordinary course program review of University of Phoenix... Valero Energy (VLO), down 2% after announcing second quarter guidance below analyst estimates... Ocean Power (OPTT), down 25% after saying VWP unit intends to terminate its renewable energy demonstration program funding deed in Australia.
News For JPM;GS;LO;RAI;LGF;BABA;PLUG;GPRO;WWW;APOL;VOL;CDXS;GSK;LJPC;OPTT;ROC;ALB From The Last 14 Days
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November 17, 2014
16:58 EDTGPROGoPro files to sell 1.29M shares of common stock
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10:06 EDTJPMSears Canada, JPMorgan Chase announce changes to credit card program
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06:18 EDTJPMJPMorgan reports October net credit losses 2.26% vs. 2.24% last month
Reports October delinquency rate 1.34% vs. 1.30% last month.
06:16 EDTBABAInvestors wanting Alibaba should consider Yahoo, says Citigroup
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05:32 EDTGSKMedidata announces collaboration with GlaxoSmithKline
Medidata (MDSO) announced the completion of a method development project conducted in partnership with GlaxoSmithKline (GSK) to evaluate the impact of unifying mobile health, or mHealth, devices with cloud-based technologies in a clinical trial setting. The joint initiative assessed the capabilities of mHealth tools and evaluated how they could be used to enable a new model for clinical trial conduct that aligns site and patient needs with faster study execution and reduced costs. The collaborative project, which took place at GSK’s Human Performance Lab, demonstrated that mHealth technologies have the power to comprehensively collect large volumes of objective data that is reliable, secure and analysis-ready, and provides real-time, continuous insight into the well being of patients. All of the data collected was audited and is compliant with FDA regulations. Additionally, the effort indicated that mobile devices can support the long-term goal of lessening the burden on patients participating in studies by streamlining routine procedures, eliminating unnecessary ones and reducing visits to clinical trial sites.
November 16, 2014
17:42 EDTJPMJPMorgan settles mineral rights suit in Texas, Bloomberg says
JPMorgan settled a lawsuit by Texas mineral-rights owners that accused the bank of negotiating "sweetheart deals" with oil company clients to cheat them out of $681M in compensation, says Bloomberg. Beneficiaries of the South Texas Syndicate Trust alleged that JPMorgan entered into favorable deals for its commercial banking clients on the trust’s rights in the Eagle Ford, added Bloomberg. Reference Link
November 14, 2014
17:27 EDTBABAPaulson & Co. gives quarterly update on stakes
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17:13 EDTLO, BABAAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
17:07 EDTBABASoros Fund Management gives quarterly update on stakes
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16:58 EDTBABAThird Point gives quarterly update on stakes
NEW STAKES: Alibaba (BABA), eBay (EBAY), Bed Bath & Beyond (BBBY), Shire (SHPG), and Parker Hannifin (PH). INCREASED STAKES: Actavis (ACT), Amgen (AMGN), EQT (EQT), Sensata (ST), Coca-Cola Enterprises (CCE). DECREASED STAKES: Williams Cos (WMB), Ally Financial (ALLY), Cheniere Energy (LNG), YPF (YPF), and FedEx (FDX). LIQUIDATED STAKES: AIG (AIG), T-Mobile (TMUS), Rackspace (RAX), Hertz (HTZ), and Citrix Systems (CTXS).
16:26 EDTBABANasdaq clear leader as major averages end week higher
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14:53 EDTGSKCVS Express Scripts implementing drug price controls, says Cleveland Research
Cleveland Research believes that CVS (CVS) and Express scripts are implementing rebates and price controls on drug. The firm expects the companies to increase their focus on controlling durg prices next year, and adds that they have already itnroduced prior authorization criteria for hepatitis drug. Publicly traded drug companies include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY). Makers of hepatits c drugs include AbbVie (ABBV) and Gilead (GILD),
13:03 EDTBABAYahoo rises after analysts boost targets
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11:27 EDTBABAAkamai hits highs of day amid takeover speculation
The move higher in shares of Akamai (AKAM) is being attributed to takeover speculation. The suitor rumored to be interested is Alibaba (BABA). Shares of Akamai are at highs of the day, up 3% to $62.00.
10:26 EDTBABAAlibaba may be topping on a short-term basis, levels to watch
The $115 area has been support for the last several sessions. In context, those sessions now appear to show something of a topping pattern centered around that level. With the break below $115, a short-term top looks likely to be in progress. Next support below the current price of $114.37 is at $111.70 and then at $106.07. Resistance is at $115 and then $117.27.
09:38 EDTBABAJANA 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).
09:24 EDTALB, ROCAlbemarle and Rockwood shareholders approve transaction
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08:25 EDTBABAYahoo price target raised to $61 from $49 at Oppenheimer
Oppenheimer increased its price target on Yahoo (YHOO) as the firm raised its valuation of Alibaba (BABA) to $324B from $275B. The firm keeps an Outperform rating on Yahoo.
07:14 EDTGSKAmerican College of Rheumatology is holding a meeting
2014 ACR/ARHP Annual Meeting is being held in Boston on November 14-19.
06:03 EDTBABAAlibaba plans to raise up to $8B in bond offering, Bloomberg reports
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