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Stock Market & Financial Investment News

News Breaks
June 17, 2014
16:27 EDTMCRS, ORCL, SCTY, CBI, GWPH, ACOROn The Fly: Closing Wrap
Stocks on Wall Street began the day in negative territory, thanks in part to worse than expected economic data. The consumer price index came in higher than expected, while housing starts and building permits both came in well below analysts' consensus forecasts. The averages drifted off their opening lows and eventually made it into positive territory, where the market drifted for most of the rest of the day. The volume was light, as investors sat on the sidelines while the Federal Reserve board convened for the central bank's latest rate setting and policy meeting. ECONOMIC EVENTS: In the U.S., the consumer price index rose 0.4% in May, which was above the consensus forecast for an increase of 0.2%. Housing starts in the month declined 6.5% to a rate of about 1M and building permits slid 6.4% to a rate of 991K, which were both lower than expected. The Federal Reserve began its latest Federal Open Market Committee meeting, which will conclude tomorrow. COMPANY NEWS: Elon Musk's SolarCity (SCTY) advanced $9.65, or 17.58%, to $64.53 after the solar energy system installer agreed to acquire solar panel technology and manufacturing company Silevo for up to $350M dollars. SolarCity said it sees its manufacturing capacity allowing it to create "the most vertically integrated solar company" with an "industry-leading" cost structure that aims to make solar competitive with grid costs. The company also said it is in talks with the state of New York to build a plant with targeted capacity greater than 1 GW within the next two years, which it says will be "one of the single largest solar panel production plants in the world." MAJOR MOVERS: Among the notable gainers was register system and hospitality software maker Micros Systems (MCRS), which surged $8.62, or 14.94%, to $66.33 after Bloomberg reported that the company is in talks to be acquired by tech giant Oracle (ORCL) for "more than" $5B. Also higher was GW Pharmaceuticals (GWPH), which jumped $12.57, or 16.27%, to $89.82 after it announced physician reports of efficacy and safety data on 27 children and young adults with treatment-resistant epilepsy who have been treated with GW's investigational cannabidiol product candidate, Epidiolex, for a period of 12 weeks. Among the noteworthy losers was Chicago Bridge & Iron (CBI), which fell $5.32, or 7.23%, to $68.26 after research firm Prescience Point alleged that the company has used "creative acquisition accounting" to conceal its losses and placed a Strong Sell rating on the shares. Also lower were shares of Acorda Therapeutics (ACOR), which fell $3.16, or 8.96%, to $32.12 after announcing an offering of $300M of convertible senior notes. INDEXES: The Dow was up 27.48, or 0.16%, to 16,808.49, the Nasdaq was up 16.13, or 0.37%, to 4,337.23, and the S&P 500 was up 4.21, or 0.22%, to 1,941.99.
News For MCRS;ORCL;SCTY;CBI;GWPH;ACOR From The Last 14 Days
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July 25, 2014
13:03 EDTCBIPrescience Point keeps Strong Sell on Chicago Bridge & Iron
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11:59 EDTSCTY Stocks with call strike movement; MNKD SCTY
NRG Energy (MNKD) November 10 call option implied volatility increased 3% to 86, SolarCity (SCTY) January 85 call option implied volatility increased 2% to 55 according to IVolatility.
06:51 EDTSCTYGoldman expects Q2 upside for SolarCity
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06:35 EDTMCRS, ORCLEU poised to decide on Oracle, MICROS agreement, Reuters says
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July 24, 2014
18:45 EDTCBIOn The Fly: After Hours Movers
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16:28 EDTCBIChicago Bridge & Iron says confident in view of 2014 revenue, earnings growth
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16:27 EDTCBIChicago Bridge & Iron reports Q2 EPS ex-items $1.36, consensus $1.28
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08:21 EDTCBIChicago Bridge & Iron and Versalis sign agreement for new technology
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July 23, 2014
10:02 EDTCBIOn The Fly: Analyst Initiation Summary
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07:00 EDTCBIChicago Bridge & Iron initiated with a Market Perform at Wells Fargo
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July 22, 2014
08:07 EDTCBICB&I and Clariant announce its new plant will begin production in 2015
CB&I and Clariant announced its new Ziegler-Natta polypropylene catalyst production plant in Louisville, Kentucky, is on schedule to begin production in 2015. The plant is part of a long-term strategic partnership between Clariant's Catalysts business unit and CB&I's Lummus Novolen Technology business.
July 21, 2014
09:38 EDTSCTYActive equity options trading on open
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July 18, 2014
08:02 EDTCBICB&I awarded $50M contract by Daelim-Petrofac JV
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July 17, 2014
11:07 EDTACORAcorda sues Mylan over plans to duplicate Ampyra MS drug, Bloomberg says
08:06 EDTCBIChicago Bridge & Iron announces $100M contract orders
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07:16 EDTSCTYSolarCity management to meet with Deutsche Bank
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06:53 EDTCBIChicago Bridge & Iron accounting concerns overdone, says William Blair
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July 16, 2014
08:08 EDTORCLOracle Social Cloud announces LinkedIn support for SRM platform
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08:06 EDTCBIChicago Bridge & Iron partners with China Nuclear Corp.
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08:04 EDTCBIChicago Bridge & Iron awarded additional technology contracts in Oman
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