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Stock Market & Financial Investment News

News Breaks
February 4, 2013
16:35 EDTMHP, MCO, APKT, SONS, BSFT, CYBX, CZR, BUDOn The Fly: Closing Wrap
Stocks on Wall Street were down on the day after the averages opened sharply lower following Friday's run-up and never mounted a rally. The averages moved lower through the day as January's gains put investors in a position for profit taking. Among notable companies reporting earnings after the close are Gilead (GILD) and Yum! Brands (YUM)... ECONOMIC EVENTS: In the U.S., the ISM New York area reading of 56.7 was ahead of the expected reading of 53.0. A separate report showed factory orders increased 1.8% in December, versus an expected increase of 2.3%. In Europe, Spanish and Italian government bond yields rose following political developments in both countries. In China, non-manufacturing PMI ticked up to 56.2 from 56.1 last month... COMPANY NEWS: Shares of McGraw-Hill (MHP), lost $8.04, or 13.78%, to $50.30 after the Wall Street Journal said the company's S&P Ratings Service is set to face a civil lawsuit from the Department of Justice related to mortgage bond ratings it made before the 2008 financial crisis. CNBC's David Faber later reported that settlement talks between S&P and the Justice Department broke down as the DoJ was seeking a "10 figure settlement and admission of wrongdoing." The company came out and said the threatened civil lawsuit is without legal merit and unjustified... Shares of Acme Packet (APKT) gained $5.66, or 23.65%, to $29.59 after agreeing to be acquired by Oracle (ORCL) for $29.25 per share. Acme Packet's peers gained following the news, as Sonus Networks (SONS) rose 46c, or 20.18%, to $2.74 while Broadsoft (BSFT) rose $3.58, or 10.23%, to $38.56, though shares of Oracle declined $1.08, or 2.97%, to $35.13... MAJOR MOVERS: Among the notable gainers was Cyberonics (CYBX), up $2.46, or 5.55%, to $46.81 after a former employee dropped a lawsuit against the company. Also higher were shares of Caesar's Entertainment (CZR), up 90c, or 11.52%, to $8.71 after the company said it is pursuing a strategic transaction to transfer complementary and growth-related assets into a separate entity. Among the noteworthy losers was Moody's (MCO), which fell $5.90, or 10.66%, to $49.45 after news that ratings peer S&P would be charged with a civil lawsuit by the DoJ relating to CDO ratings made before the financial crisis, though CNBC's David Faber said the potential suit did not involve Moody's. Also lower were shares of AB InBev (BUD), down $4.61, or 5%, to $87.67 after shares were downgraded to Neutral with an $89 price target at BofA Merrill Lynch... INDICES: The Dow was down 129.71, or 0.93%, to 13,880.08; the Nasdaq was down 47.93, or 1.51%, to 3,131.17; and the S&P 500 was down 17.46, or 1.15%, to 1,495.71.
News For MHP;MCO;APKT;SONS;BSFT;CYBX;CZR;BUD From The Last 14 Days
Check below for free stories on MHP;MCO;APKT;SONS;BSFT;CYBX;CZR;BUD the last two weeks.
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August 27, 2014
07:43 EDTBSFTJefferies to hold a summit
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August 22, 2014
10:01 EDTCYBXOn The Fly: Analyst Downgrade Summary
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07:13 EDTCYBXCyberonics downgraded at Canaccord
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06:20 EDTCYBXCyberonics downgraded to Hold from Buy at Canaccord
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August 21, 2014
07:11 EDTCYBXCyberonics sees FY15 EPS $2.33-$2.39, consensus $2.36
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07:09 EDTCYBXCyberonics reports Q2 adjusted EPS 53c, consensus 55c
Reports Q2 revenue $72M, consensus $74.05M; Reports Q2 international sales $13.2M, Q2 U.S. sales $58.8M.
August 15, 2014
08:09 EDTCZRCaesar's bondholders see more bankruptcies if loyalty split okayed, NY Post says
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07:19 EDTMCOSEC near finalizing new tougher rules for credit raters, WSJ says
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August 13, 2014
13:57 EDTCZRNJ reports Atlantic City July gaming win down 7.7% to $274.3M
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