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News Breaks | | | | February 12, 2013 | | 16:29 EDT |  | STEM, KO, CRK, AVP, LVLT, BCS | On The Fly: Closing Wrap
Stocks on Wall Street were mixed ahead of President Obama's State of the Union address. The Nasdaq lost ground on the session, while the Dow closed above 14K, putting it back within shouting distance of its all-time high... ECONOMIC EVENTS: In the U.S., the economic calendar was fairly light for a second straight day. The Labor Department reported job openings fell by 173K in December to 3.62M from a more than four-year high set in the prior month... COMPANY NEWS: Coca-Cola (KO) was the Dow's laggard, losing $1.05, or 2.72%, to $37.56 after reporting earnings that just beat consensus on revenue that just missed analyst forecasts. The company said global unit case volume rose 3% during the quarter and that it expects economic volatility to extend through 2013... Barclays (BCS) announced its Q4 results and said it would reduce its headcount by 3,700 employees in 2013. Shares gained $1.72, or 9.13%, to $20.55 following the news... MAJOR MOVERS: Among the notable gainers was Avon Product (AVP), up $3.51, or 20.31%, to $20.79 following Q4 earnings that beat consensus estimates. Also higher were shares of StemCells (STEM), up 35c, or 20.97%, to $1.99 after the company announced the first patient cohort completed its phase I/II clinical trial of neural stem cells for chronic spinal cord injury. Among the noteworthy losers were Level 3 (LVLT), down $3.35, or 13.58%, to $21.31 after its Q4 report, and Comstock Resources (CRK), down $1.12, or 7.89%, to $13.07 after the company reported Q4 results and restated its results from the first three quarters of FY12... INDICES: The Dow was up 47.46, or 0.34%, to 14,018.70; the Nasdaq was down 5.51, or 0.17%, to 3,186.49; and the S&P 500 was up 2.42, or 0.16%, to 1,519.43. | |
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News For KO;BCS;AVP;STEM;LVLT;CRK From The Last 14 Days Check below for free stories on KO;BCS;AVP;STEM;LVLT;CRK the last two weeks. |
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| May 23, 2013 | | 07:57 EDT |  | CRK | Concerns over Comstock Resources inventory overblown, says Oppenheimer
 Subscribe for More Information | | | 05:48 EDT |  | BCS | Proxy advisers see their power diminish, WSJ reports
Subscribe for More Information | | | May 22, 2013 | | 10:00 EDT |  | KO | On The Fly: Analyst Initiation SummaryDr Pepper Snapple Popular
Today's noteworthy initiations include: Chart Industries (GTLS) initiated with an Outperform at Raymond James... Coca-Cola (KO) initiated with a Market Perform at BMO Capital... Cott Corp. (COT) initiated with a Market Perform at BMO Capital... Dr Pepper Snapple (DPS) initiated with a Market Perform at BMO Capital... Galena Biopharma (GALE) initiated with an Outperform at JMP Securities... Monster Beverage (MNST) initiated with an Outperform at BMO Capital... PepsiCo (PEP) initiated with an Outperform at BMO Capital... Popular (BPOP) initiated with an Outperform at Wells Fargo... Central Pacific (CPF) initiated with an Outperform at Raymond James. | | | 06:27 EDT | | KO | Coca-Cola initiated with a Market Perform at BMO Capital
Subscribe for More Information | | | May 20, 2013 | | 07:50 EDT | | BCS | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link | | | May 16, 2013 | | 12:32 EDT | | BCS | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | 10:03 EDT |  | CRK | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 06:42 EDT | | CRK | Comstock Resources downgraded to Hold from Buy at KeyBanc
KeyBanc downgraded Comstock citing lack of catalysts and inventory concerns that will require it to make additional oil-focused acquisitions. | | | May 15, 2013 | | 09:55 EDT |  | CRK | Comstock Resources approves $100M share buyback, declares 12.5c dividend
Subscribe for More Information | | | 05:59 EDT | | KO | Corporate boards recruit newcomers with digital knowledge, WSJ reports
Subscribe for More Information | | | | May 14, 2013 | | 16:16 EDT | | CRK | Comstock completes sale of assets to Rosetta Resources for $811M
Subscribe for More Information | | | 12:20 EDT |  | CRK | Comstock Resources management to meet with Oppenheimer
Meeting to be held in the Midwest on May 21 hosted by Oppenheimer. | | | 07:25 EDT | | KO | Goldman to host a symposium
Subscribe for More Information | | | 05:44 EDT | | BCS | Banks work deals from both sides of the field, WSJ reports
Subscribe for More Information | | | May 13, 2013 | | 18:06 EDT | | BCS | Barclays gets shareholder lawsuit over Libor thrown out, Reuters says
Subscribe for More Information | | | 14:39 EDT | | KO | Coca-Cola management to meet with JPMorgan
Meeting to be held in New York on May 13 hosted by JPMorgan. | | | 07:22 EDT | | CRK | FBR Capital to host a conference
2013 Energy & Industrials One-on-One Series Conference is being held in Boston on May 13. | | | 06:49 EDT | | BCS | ECB member says negative deposit rates would help economy, Reuters says
Subscribe for More Information | | | May 10, 2013 | | 09:43 EDT | | KO | Coca-Cola to increase investment in China, Xinhua reports
Subscribe for More Information | | | May 9, 2013 | | 16:28 EDT |  | STEM | StemCells reports Q1 EPS (17c), consensus (13c)
Reports Q1 revenue $284,000, consensus $290,000. | | |
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