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News Breaks | | | | February 4, 2013 | | 16:35 EDT |  | MHP, MCO, APKT, SONS, BSFT, CYBX, CZR, BUD | On 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. | |
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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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| May 23, 2013 | | 11:44 EDT |  | SONS | Sonus Networks management to meet with Oppenheimer
 Subscribe for More Information | | | May 22, 2013 | | 10:00 EDT |  | CZR | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 08:59 EDT |  | CZR | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:40 EDT | | CZR | Caesar's Entertainment downgraded to Neutral from Outperform at Credit Suisse
Subscribe for More Information | | | 06:19 EDT | | CZR | Caesar's Entertainment downgraded to Neutral from Outperform at Credit Suisse
Subscribe for More Information | | | May 20, 2013 | | 13:23 EDT | | SONS | Sonus Networks management to meet with Jefferies
Meetings to be held in Dallas/Ft. Worth/Houston on May 23-24 hosted by Jefferies. | | | 12:08 EDT |  | SONS | Sonus Networks upgraded to Outperform from Market Perform at Northland
Subscribe for More Information | | | May 16, 2013 | | 05:51 EDT |  | BUD | NBCUniversal says winter Olympic Games ad sales strong, WSJ reports
Comcast's (CMCSA) NBCUniversal unit is projecting advertising sales over $800M for the Olympic Games next year in Russia, which would be a record for the Winter Games, despite the decision by Anheuser-Busch InBev (BUD) and Hilton Worldwide not to advertise on the event in Sochi, reports the Wall Street Journal. The company said it has sold 75%-80% of its TV inventory.Reference Link | | | May 14, 2013 | | 07:08 EDT | | MCO | Moody's management to meet with Benchmark Co.
Subscribe for More Information | | | May 13, 2013 | | 12:59 EDT | | MHP | S&P Dow Jones indices wins intellectual property dispute
Subscribe for More Information | | | | 08:01 EDT |  | BUD | AB InBev U.S., Brazil performance has likely bottomed, says RBC Capital
Subscribe for More Information | | | 07:58 EDT | | MHP, MCO | Rating firms dodge an overhaul, WSJ reports
Subscribe for More Information | | | May 10, 2013 | | 14:04 EDT | | CZR | New Jersey reports Atlantic City casino win $228.5M in April
Subscribe for More Information | | | 09:33 EDT | | CZR | Nevada reports March Las Vegas Strip gaming win up 13% to $507.6M
Subscribe for More Information | | | 09:32 EDT | | CZR | Nevada reports March statewide gaming win up 7% to $914.78M
Subscribe for More Information | | | 09:03 EDT | | BSFT | BroadSoft could be acquired by Oracle, says Pacific Crest
Pacific Crest believes that Oracle's (ORCL) interest in SMX servers could lead that company to buy Broadsoft (BSFT), which integrates IMS applications with SMX technology, according to the firm. Pacific Crest thinks that BroadSoft could be worth up to $42.50 per share in a takeover deal, and it keeps an Outperform rating on the shares. | |
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