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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
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October 29, 2014
14:21 EDTBUDEarnings Preview: Altria Group up more than 13% since Q2 report
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11:08 EDTCZROptions with increasing implied volatility: ACHN CZR ARCP HSY JNJ
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October 28, 2014
13:09 EDTCZROptions with increasing implied volatility
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09:34 EDTCZRNevada reports September statewide gaming win down 5.97% to $901.7M
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07:22 EDTMCONYSSA to hold a conference
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October 27, 2014
16:49 EDTBSFTSagard Capital Partners may seek talks with BroadSoft management
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16:45 EDTBSFTSagard Capital Partners reports 5.6% stake in BroadSoft
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10:49 EDTMCOMoody's acquires Lewtan Technologies, terms not disclosed
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October 24, 2014
07:58 EDTBUDMolson Coors seen as winner if peers merge, Bloomberg says
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07:10 EDTMCOMoody's reaffirms FY14 EPS view $3.95-$4.05, consensus $4.03
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07:09 EDTMCOMoody's reports Q3 EPS 97c ex-items, consensus 90c
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October 23, 2014
15:39 EDTMCONotable companies reporting before tomorrow's open
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14:29 EDTCZRCaesar's weekly volatility elevated into Q3 and outlook
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08:15 EDTBSFTBroadSoft appoints Taher Behbehani as Chief Marketing Officer
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07:15 EDTSONSSonus sees FY14 EPS 7c, consensus 7c
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07:14 EDTSONSSonus sees Q4 EPS 3c, consensus 3c
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07:13 EDTSONSSonus reports Q3 EPS 1c, consensus 1c
Reports Q3 revenue $73.2M, consensus $71.97M.
October 22, 2014
07:16 EDTCZRCaesar's wants to build $1B casino-resort in Phillipines, Bloomberg reports
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October 21, 2014
11:30 EDTCZROptions with decreasing implied volatility
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October 17, 2014
08:00 EDTCZRCaesar's prepared to begin formal discussions with certain bank debt creditors
Caesars and its subsidiary Caesars Entertainment Operating Company announced that they have executed non-disclosure agreements with certain beneficial holders of debt issued by CEOC, including senior secured term loans, pursuant to the third amended and restated credit agreement, dated as of July 25, 2014, enabling the commencement of formal discussions with the Bank Lenders.
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