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Stock Market & Financial Investment News

News Breaks
June 17, 2014
16:27 EDTCBI, MCRS, ACOR, SCTY, GWPH, ORCLOn 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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November 21, 2014
09:17 EDTSCTYOn The Fly: Pre-market Movers
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November 20, 2014
17:21 EDTSCTYSolarCity announces new power, energy storage projects with Walmart
SolarCity (SCTY) announced it has entered into contract with Walmart (WMT) for the installation of new solar projects at facilities in up to 36 states over the next four years. SolarCity has completed more than 200 solar projects at Walmart locations since 2010. SolarCity has also installed and tested energy storage projects co-located with solar power generation at 13 Walmart facilities since early 2013, and will be incorporating ten additional storage projects in the next year.
16:53 EDTORCLOracle initiated with a Hold at Jefferies
Target $41.
07:11 EDTORCLBofA/Merrill to hold a conference
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November 17, 2014
15:21 EDTSCTYSunPower turns negative following SolarCity segment on FBN
Shares of SunPower (SPWR) briefly spiked in afternoon trading after Liz Claman of Fox Business News stated earlier on her Twitter feed: "The sun attracts billionaires! @SunPower has @WarrenBuffett investing, @solarcity has @elonmusk in." Claman appeared to have been referring to Buffett's prior investment in SunPower's 579-megawatt Solar Star development, not a new investment in its stock. The anchor spoke with SolarCity (SCTY) CEO Lyndon Rive on the network and none of the discussion focused on new events regarding Buffett or SunPower, which is now down 1% in afternoon trading near $27.24.
15:03 EDTSCTYWarren Buffett investing in SunPower, FBN's Claman reports
Fox Business News' Liz Claman stated earlier on her Twitter feed: "The sun attracts billionaires! @SunPower has @WarrenBuffett investing, @solarcity has @elonmusk in." Reference Link
November 14, 2014
06:12 EDTORCLSAP to pay Oracle $359M to settle legal battle, WSJ reports
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November 13, 2014
09:40 EDTSCTYActive equity options trading
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08:10 EDTSCTYSolarCity to install 20 MW on San Diego military housing
Secretary of the Navy Ray Mabus announced today that Navy and Marine Corps housing units in the San Diego area will receive rooftop solar photovoltaic, or PV, systems through a purchase power agreement between Lincoln Military Housing and SolarCity. The deal, one of SolarCity's largest residential undertakings under its SolarStrong Initiative, will provide solar power to nearly 6,000 homes across 27 privatized neighborhoods, with pending design and interconnection approvals could generate 20 MW or more of solar energy.
07:38 EDTSCTYBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
07:12 EDTORCLOracle to hold a meeting
2014 OAGi Plenary Meeting is being held in Redwood City, California on November 13-14.
November 12, 2014
08:13 EDTACORBoston Biotech to hold a conference
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06:27 EDTCBICB&I sees FY15 EPS $5.75-$6.05, consensus $5.85
Sees FY15 revenue $14.8B-$15.2B, consensus $14.43B
06:27 EDTCBICB&I sees FY14 adjusted EPS $4.80-$5.65, consensus $5.18
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November 11, 2014
12:19 EDTSCTYVivint Solar plunges after reporting larger than expected loss
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08:08 EDTCBIChicago Bridge & Iron awarded contract by Calpine Mid-Merit
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08:07 EDTCBIChicago Bridge & Iron awarded $40M contract by Coffeyville Resources
CB&I announced it has been awarded a contract valued in excess of $40M by Coffeyville Resources Refining & Marketing. The project scope includes the engineering, procurement, fabrication and field construction of a 22 million standard cubic feet per day hydrogen plant at its refinery in Coffeyville, Kansas.
November 10, 2014
15:43 EDTCBIAmerican Petroleum Institute to hold a conference
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09:58 EDTCBIChicago Bridge & Iron volatility elevated into investor meeting
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08:03 EDTCBICB&I awarded plant services contract renewal by Arizona Public Service
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