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Stock Market & Financial Investment News

News Breaks
February 4, 2013
16:35 EDTAPKT, BUD, BSFT, MCO, CZR, SONS, MHP, CYBXOn 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
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07:51 EDTMCOClearing House Payments Company to hold a conference
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November 18, 2014
10:20 EDTCZROptions with decreasing implied volatility
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November 17, 2014
12:03 EDTCZROptions with decreasing implied volatility
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05:54 EDTCZRStocks with implied volatility movement; BHI CZR
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November 14, 2014
13:40 EDTCZRCaesar's says 'substantial doubt' exists on CEOC continuing as going concern
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07:47 EDTBUDAB InBev CEO says willing to deal but only at right price, Bloomberg reports
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November 13, 2014
14:05 EDTCZRNew Jersey reports Atlantic City gaming win down 4.4% to $207.23M
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November 12, 2014
10:34 EDTCZROptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI RPRX KATE PNK CZR KING TSLA UBNT LOCO GNRC
10:07 EDTCZRHigh option volume stocks: DDS FOSL ZTS CMA CLVS CZR
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09:36 EDTMCOInformation Management Network to hold a symposium
Private Label RMBS Reform Symposium is being held in New York on November 12.
November 11, 2014
17:50 EDTCZRCaesar's works out debt restructuring with senior creditors, Bloomberg says
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11:33 EDTBUDSABMiller may look for takeover, expansion stable of beers, WSJ says
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10:39 EDTCZROptions with decreasing implied volatility
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November 10, 2014
18:32 EDTCZROn The Fly: After Hours Movers
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16:11 EDTCZRCaesar's says acting to reduce expenses, increase EBITDA
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16:09 EDTCZRCaesar's reports Q3 EPS ($6.29), consensus ($1.47)
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16:06 EDTCZRCaesar's announces retirement of CFO Colvin, Hession appointed successor
Caesars Entertainment announced the appointment of Eric Hession, the company's senior vice president and treasurer, as Chief Financial Officer, effective January 1, 2015. Hession will succeed Donald Colvin, who is retiring from the company effective December 31. Hession's appointment is subject to regulatory approval. "Colvin's departure from the company is unrelated to the company's financial condition or financial reporting. There is no disagreement between Colvin and the company," Caesars stated.
15:55 EDTBSFT, SONSNeedham to hold a conference
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15:26 EDTCZRNotable companies reporting after market close
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10:09 EDTCZROptions with increasing implied volatility: CZR IGT CMCSA TWC
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