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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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July 31, 2014
07:28 EDTSONSSonus Networks pullback provides entry point, says Jefferies
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July 30, 2014
12:20 EDTSONSSonus Networks management to meet with FBR Capital
Meetings to be held in Chicago on August 5 and in Minneapolis on August 6 hosted by FBR Capital.
07:29 EDTMCONYSSA to hold a discussion
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07:08 EDTSONSSonus Networks sees Q3 EPS 1c, consensus 1c
Sees Q3 revenue $70M-$73M, consensus $74.81M. Sees Q4 EPS 3c, revenue $81M-$84M.
07:08 EDTSONSSonus Networks sees FY14 EPS 7c, consensus 5c
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07:06 EDTSONSSonus Networks reports Q2 EPS 2c ex-items, consensus 1c
Reports Q2 revenue $75.6M, consensus $73.67M.
July 29, 2014
14:38 EDTCZRCaesar's Entertainment August volatility elevated into Q2
Caesar's Entertainment August weekly call option implied volatility is at 62, August is at 55, September is at 49, December is at 48; compared to its 26-week average of 53 according to Track Data, suggesting large near term price movement into the expected release of Q2 results.
July 25, 2014
15:33 EDTSONSSonus Networks management to meet with Pacific Crest
Meetings to be held in Boston on July 31 and in New York on August 1 hosted by Pacific Crest.
15:28 EDTMCOMoody's management to meet with FBR Capital
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09:32 EDTCZRNevada reports June statewide gaming win up 14.4% to $906.9M
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07:06 EDTMCOMoody's sees FY14 EPS ex-items $3.90-$4.00, consensus $3.98
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07:02 EDTMCOMoody's reports Q2 EPS $1.12 ex-items, consensus $1.02
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July 24, 2014
15:29 EDTMCONotable companies reporting before tomorrow's open
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10:09 EDTMCOMcGraw Hill Financial retreats after receiving Wells Notice
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06:43 EDTMCOMcGraw Hill Financial regulatory risks look manageable, says Piper Jaffray
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