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Stock Market & Financial Investment News

News Breaks
March 21, 2014
09:22 EDTLIN, EJ, ANN, LNVGY, UPIP, YELP, BBRY, NXST, TIF, SYMC, ITMN, NKE, GTN, MEG, TCEHYOn The Fly: Pre-market Movers
HIGHER: LIN Media (LIN), up 31% after agreeing to combine with Media General (MEG) in deal valued at $1.6B in cash and stock. Media General shares are up 12%, while other television station owners are also higher, including Gray Television (GTN), up 16%, and Nexstar (NXST), up 4%... E-House (EJ), up 13% after Tencent (TCEHY) makes strategic investment in Leju... Yelp (YELP), up 3% after announcing a strategic deal with Yellow Pages... Unwired Planet (UPIP), up 62% after Lenovo (LNVGY) buys patent portfolio from the company for $100M... Ann (ANN), up 10% after Golden Gate Capital reported 9.5% stake... BlackBerry (BBRY), up 2.8% after agreeing to sell majority of real estate holdings in Canada, shares upgraded at CLSA... InterMune (ITMN), up 11% after Boehringer Ingelheim trials of competing IPF drug hit primary endpoints. DOWN AFTER EARNINGS: Nike (NKE), down 2.6%... Tiffany (TIF), down 1%. ALSO LOWER: Symantec (SYMC), down 9.6% after it unexpectedly terminated its CEO and at least five research firms downgraded shares following the news.
News For LIN;MEG;GTN;NKE;ITMN;SYMC;TIF;NXST;BBRY;YELP;UPIP;LNVGY;ANN;EJ;TCEHY From The Last 14 Days
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August 21, 2014
15:15 EDTANNNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Foot Locker (FL), consensus 54c; ANN INC. (ANN), consensus 68c; Hibbett Sports (HIBB), consensus 31c.
11:44 EDTLNVGYHP hits 52-week high after solid revenue growth, positive analyst commentary
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11:24 EDTNKEUnder Armour offered Durant $265M-$285M contract, ESPN reports
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10:14 EDTITMNOn The Fly: Analyst Downgrade Summary
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08:45 EDTTIFTiffany new T Collection positive, says Sterne Agee
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06:20 EDTLIN, MEGCBS seeking bigger share of pay-television revenue from affiliates, WSJ reports
CBS last week stripped an Indianapolis station of its affiliation due to a fee disagreement as it seeks a bigger share of pay-television revenue, reports the Wall Street Journal. The Indianapolis station's owner LIN Media (LIN) was set to be acquired by Media General (MEG) for $1.6B this year, but Media General cut its acquisition price Wednesday by 7%, or more than $100M, with the move from CBS cited as one of the reasons. According to Gabelli & Co., the lack of a CBS affiliation may cost the statio tens of millions of dollars in annual revenue to decline. Reference Link
05:22 EDTITMNInterMune downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded InterMune to Market Perform citing valuation.
August 20, 2014
11:50 EDTBBRYStocks with call strike movement; PBR BBRY
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11:22 EDTMEG, LINSinclair Broadcast agrees to swap TV stations with Media General
Sinclair Broadcast Group (SBGI ) announced that it has entered into a definitive agreement to purchase the broadcast assets of one television station in Providence, RI owned by Media General (MEG), two television stations in Green Bay, WI owned by LIN Media (LIN) and one television station in Savannah, GA owned by WTGS Television and operated by LIN through a shared services arrangement. The three markets represent 1.2% of U.S. television households. Simultaneously, Sinclair will sell Media General the broadcast assets of three stations in two markets upon the completion of the LIN/Media General merger. The company's previously announced sale of WHTM in Harrisburg is expected to close in September. The combination of all stations being sold to Media General represents 1.9% of U.S. television households.In addition and as part of the transactions, Sinclair will pay a net cash price of $31M for an additional $3.4M of cash flow being swapped. In addition, the company expects to generate an additional approximately $2M of synergies on the acquired stations.
11:17 EDTMEG, LINMedia General, LIN Media announce agreements to divest TV stations in 5 markets
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11:16 EDTMEGMeredith buys broadcast assets of WALA-TV from Media General
Meredith Corporation (MDP) announced a definitive agreement to purchase the broadcast assets of WALA-TV, the Fox affiliate in Mobile, Pensacola from Media General (MEG) for approximately $86M, subjectto certain purchase price adjustments. The transaction will close when Media General's merger with LIN Media LLC and the sale of WALA to Meredith receive final regulatory approval. The acquisition of WALA is not expected to have a material effect on Meredith's 1H15 financial performance. Meredith continues to expect 1Q15 EPS to range from 60c-65c, compared to 53c in the prior-year period.
09:19 EDTLIN, MEGMedia General and LIN Media to host joint conference call
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09:07 EDTEJOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PetSmart (PETM), up 2,1%... Staples (SPLS), up 2%... E-House (EJ), up 2.5%. HIGHER: Fairchild (FCS), up 4% after Bloomberg says Infineon (IFNNY) is near a deal to buy a U.S. semiconductor company for $2B... Amicus Therapeutics (FOLD), up 18.4% after reporting positive Phase 3 data from the Fabry study. DOWN AFTER EARNINGS: Lowe's (LOW), down 3%... Tarena (TEDU), down 9%... Leju (LEJU), down 4.2%... JA Solar (JASO), down 5%. LOWER: Hertz (HTZ), down 12.7% after downgraded at JPMorgan and Deutsche Bank following the company's decision to withdraw its FY14 guidance... NovaBay (NBY), down 35.2% after primary, secondary endpoints were not met in its NVC-422 study... RGS Energy (RGSE), down 14.9% after downgraded at Roth Capital following Q2 earnings results.
08:46 EDTLIN, MEGMedia General, LIN Media announce amendment to merger agreement
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06:33 EDTEJE-House backs FY14 revenue guidance of $910M-$930M, consensus $906.98M
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06:28 EDTEJE-House reports Q2 EPS 14c, consensus 14c
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06:12 EDTLNVGYLenovo to decrease notebook production outsourcing, DigiTimes reports
Lenovo plans to reduce notebook outsourcing as it raises in-house notebook production in 2015, reports DigiTimes. Citing Taiwan-based supply chain makers based on Lenovo's requests for quotation for 2015, total outsourcing orders will decrease by over 3M units on year and the correpsonding proportion of targets is expected to slip to 40% from 50%. Reference Link
05:53 EDTITMNStocks with implied volatility movement; NGD ITMN
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August 19, 2014
06:59 EDTTCEHYCouche-Tard, Tencent possible suitors for Sinopec unit deal, Reuters says
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06:17 EDTSYMCSymantec turns attention to smartphones, connected devices, WSJ reports
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