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Stock Market & Financial Investment News

News Breaks
February 4, 2013
16:35 EDTCZR, SONS, MHP, CYBX, APKT, BUD, BSFT, MCOOn 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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February 12, 2016
06:28 EDTSONSSonus volatility elevated into Q4 and outlook
Sonus February call option implied volatility is at 144, March is at 107; compared to its 52-week range of 34 to 98, suggesting large near term price movement into the expected release of Q4 results on February 16.
February 11, 2016
07:22 EDTMCOMoody's to hold a teleconference
Teleconference entitled, "Pemex's Global & Local Ratings Review " provides a discussion on the role of the government of Mexico in providing support to Pemex and is being held on February 11 at 10 am. Webcast Link
06:49 EDTCZRCaesars creditors threaten to abandon framework agreement, Reuters reports
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February 10, 2016
11:49 EDTBUDAsahi confirms offer to buy Peroni, Grolsch from SABMiller
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February 8, 2016
14:01 EDTBUDEarnings Watch: Analysts becoming more positive on Coca-Cola
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07:44 EDTMCOMoody's price target lowered to $96 from $116 at UBS
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05:32 EDTBSFTBroadSoft acquires Transera, sees deal 2c-3c dilutive to FY16 EPS
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February 5, 2016
07:03 EDTMCOMoody's sees FY16 EPS $4.75-$4.85, consensus $5.01
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07:01 EDTMCOMoody's reports Q4 EPS $1.09, consensus $1.05
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February 3, 2016
12:29 EDTCZRCaesars unit requests bankruptcy mediator, Reuters reports
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