New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
October 9, 2014
16:14 EDTSYMCSymantec to resume trading at 4:20 pm ET after confirming split plans
Subscribe for More Information
16:05 EDTSYMCSymantec plans to separate into two public companies
Symantec announced that its Board of Directors has unanimously approved a plan to separate the company into two, independent publicly traded companies: one business focused on security and one business focused on information management. The transaction is intended to take the form of a tax-free distribution to Symantec shareholders of 100% of the IM business in a new, independent, publicly traded stock. The expected stock distribution ratio will be determined at a future date. The company expects to complete the spinoff by the end of December 2015. The company expects to incur separation and restructuring charges through the completion of the transaction as it works to separate the two businesses. "Symantecís decision to pursue a separation follows an extensive business review of the companyís strategy and operational structure. Creating two standalone businesses will allow each entity to maximize its respective growth opportunities and drive greater shareholder value," the company stated. The security business generated revenue of $4.2B in FY14. The IM business generated revenue of $2.5B in FY14. Michael Brown will be the President and CEO of Symantec and Thomas Seifert will continue to serve as CFO. John Gannon will be General Manager of the new information management business and Don Rath will be its acting CFO.
16:03 EDTSYMCSymantec affirms Q2 guidance provided in August
Subscribe for More Information
16:01 EDTSYMCSymantec plans to separate into two public companies
16:00 EDTSYMCSymantec trading halted, pending news
10:41 EDTYELPYelp calls activity attributed to takeover speculation
Yelp October weekly 74.5 and October 94 calls are active on total call volume of 6K contracts (1K puts) on takeover speculation. October weekly call option implied volatility is at 92, October is at 54, November is at 66, January is at 51; compared to its 26-week average of 55 according to Track Data. Active call volume suggesting traders taking positions for upside price movement.
10:30 EDTYELPRumor: Yelp strength attributed to takeover speculation
Subscribe for More Information
09:41 EDTANN, NKE, TIFBofA/Merrill retail analysts hold an analyst/industry conference call
Subscribe for More Information
06:55 EDTLNVGYAnalyst says PC company likely to get much of HP debt, Re/code reports
Subscribe for More Information
06:40 EDTSYMCSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
06:29 EDTLNVGYIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:10 EDTNKEStocks with implied volatility below IV index mean; NKE LULU
Subscribe for More Information
October 8, 2014
16:56 EDTLNVGYGartner says worldwide PC shipments in Q3 declined 0.5%
Subscribe for More Information
09:20 EDTSYMCOn The Fly: Pre-market Movers
Subscribe for More Information
07:27 EDTSYMCSymantec volatility flat, in advanced talks to split company in two, report
Subscribe for More Information
06:13 EDTLNVGYNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
05:46 EDTSYMCSymantec in advanced talks to split company in two, Bloomberg reports
Subscribe for More Information
October 7, 2014
11:34 EDTANNChristopher & Banks plummets after cutting Q3 revenue outlook
Shares of specialty women's apparel retailer Christopher & Banks (CBK) are sinking after the company lowered its third quarter revenue outlook. WHAT'S NEW: This morning, Christopher & Banks lowered its Q3 revenue outlook to $114M-$118M from its previous guidance of $122M-$124, trailing the consensus of $123.98M. The company also cut the top end of its Q3 margin forecast, lowering its margin growth outlook to 75-100 basis points from its prior view of 75-125 bps. SG&A dollars for the quarter are expected to be approximately $33.5M-$34M, below its prior guidance of $34M-$34.5M. Christopher & Banks expects its inventory at the end of the quarter will remain higher than the comparable prior year period on a dollar per square foot basis, but at a level lower than at the end of Q2, due to planned higher levels of core inventory. WHAT'S NOTABLE: The company believes sales have been negatively impacted by continued softness in mall traffic and lower than expected sales from its September fashion show. The company noted that the demand for fashion merchandise exceeded planned inventory levels, due to late receipts associated with the West Coast port disruptions. President and Chief Executive Officer LuAnn Via said in a statement, "We believe that the continued softness in traffic trends, coupled with the difficult overall retail environment, have adversely affected our sales as compared to our initial expectations for the quarter." She said the firm assumes promotional activity will continue to be aggressive and that the current environment will continue to be challenging, creating continued pressure on sales and margins. PRICE ACTION: In late morning trading, Christopher & Banks fell $2.69, or about 30%, to $6.40 on nearly four times its average daily trading volume. Despite today's pull-back, the shares have only lost approximately 2% over the past 12 months. OTHERS TO WATCH: Other specialty women's retailers include Chico's FAS (CHS), down 1.28%, Ann Inc. (ANN), down 2.1%, and L Brands (LB), down 1.13%.
10:02 EDTBBRYOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:32 EDTANNAnn opens first LOFT store in Mexico
ANN announced the opening of its first LOFT store in Mexico, continuing the Company's international expansion. The store is located in the Antea Lifestyle Center in Queretaro, with additional locations planned for later this year in Mexico City's Parque Toreo Mall and Puebla's Angelopolis Mall. ANN INC. is working with its franchise partner Grupo Axo to establish its retail presence in Mexico.
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use