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Stock Market & Financial Investment News

News Breaks
January 24, 2014
16:18 EDTMSFT, JNPR, HLF, TXI, MLM, BDSI, KSUOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower for the second straight session, with the averages accelerating their losses in the final minutes of trade to close at their lows. The Dow logged its worst one-day loss since the summer, while each of the S&P 500 and Nasdaq lost more than 2%. For the week, the Dow lost more than 3%, the S&P 500 lost more than 2.8%, and the Nasdaq lost more than 1%. ECONOMIC EVENTS: In the U.S., little economic data of note was reported. In Europe, Fitch affirmed Germany's AAA sovereign credit rating with a stable outlook. In Argentina, the government said it would loosen its strict foreign exchange controls a day after it abandoned a long-standing policy of supporting the peso. The change in policy announced yesterday had resulted in an 11% drop in the Argentinian peso against the dollar, marking the currency's steepest plunge since 2002. In addition to Argentina's currency issues, the Turkish lira, the South African rand and the Russian ruble all hit new, multi-year lows. COMPANY NEWS: Microsoft (MSFT) gained 76c, or 2.52%, to $36.96 after last night reporting earnings and revenue that surpassed consensus forecasts, aided by increased sales of its Surface tablet and strong holiday season sales of its Xbox gaming consoles. The tech giant, however, provided no update on the progress of its CEO search, which it has said it expects to complete in the first half of this year... IT infrastructure provider Juniper Networks (JNPR) gained $1.71, or 6.57%, to $27.72 after reporting better than expected results, announcing the pending release of a new operational plan, and activist investor JANA Partners backed Elliot Management's recent plans to unlock shareholder value at the company. MAJOR MOVERS: Among the notable gainers was Texas Industries (TXI), up $6.37, or 9.27%, to $75.06 after a report from Bloomberg said Martin Marietta Materials (MLM) is in talks to acquire the company. Also higher was BioDelivery Sciences (BDSI), up $3.16, or 50.56%, to $9.39 after announcing top-line results from of a study of a drug it is developing for the treatment of moderate to severe chronic pain in certain patients. Among the noteworthy losers was Kansas City Southern (KSU), down $17.79, or 15.17%, to $99.49 after the railroad operator reported weaker than expected results. Also lower was Herbalife (HLF), down another $5.56, or 8.89%, to $60.06 after losing more than 10% yesterday, with the New York Post today reporting that the company is being targeted as a pyramid scheme in the Chinese media. Year-to-date, Herbalife is among the market's worst performing stocks, down more than 22%. INDEXES: The Dow was down 318.24, or 1.96%, to 15.879.11; the S&P 500 was down 38.17, or 2.09%, to 1,790.29; the Nasdaq was down 90.70, or 2.15%, to 4,128.17.
News For MSFT;JNPR;HLF;TXI;MLM;BDSI;KSU From The Last 14 Days
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October 8, 2014
10:00 EDTJNPROn The Fly: Analyst Downgrade Summary
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07:38 EDTJNPRJuniper downgraded at MKM Partners
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07:32 EDTJNPRJuniper downgraded at MKM Partners
As noted earlier, MKM Partners downgraded Juniper to Neutral from Buy. The firm thinks that the bull case on the stock is too centered on cost cuts and low valuation, and not enough on the company's growth outlook. MM Partners also believes that the service provider router market faces numerous overhangs. Target $24.
07:10 EDTJNPRJuniper downgraded to Neutral from Buy at MKM Partners
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06:13 EDTMSFTNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
October 7, 2014
14:39 EDTHLFFTC probe of Herbalife seen lasting 'well into' next year, NY Post reporter says
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14:19 EDTHLFHerbalife expects discipline, but not shutdown, following FTC probe, FBN says
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13:59 EDTHLFHerbalife expects some discipline, not shutdown, from FTC, Gasparino says
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12:50 EDTMSFTSamsung aiming for arbitration versus Microsoft, Bloomberg says
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12:45 EDTMSFTMicrosoft near deal to buy text analysis start-up for about $200M, WSJ says
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12:45 EDTMSFTMicrosoft to hold cloud event on October 20
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10:52 EDTMSFTNokia suspends handset production at Chennai facility, Reuters reports
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08:18 EDTJNPRJuniper execution could drive 40% upside, says Bernstein
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07:48 EDTMSFTU.S. Chamber of Commerce to hold a discussion
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07:00 EDTMSFTReport says 100K Xbox Ones sold throughout China, Kotaku says
A report from Chinese video games news website 17173 said that Shanghai Media Group vice-president Zhang Dazhong accidentally noted that over 100K Microsoft Xbox One consoles sold throughout China during the first week they were launched, according to Kotaku, citing the report from 17173. Reference Link
06:13 EDTHLFHerbalife names ex-FTC commissioner to lead compliance group
Herbalife yesterday announced the appointment of Pamela Jones Harbour to the newly created role of SVP, global member compliance and privacy, reporting to Mark Friedman, EVP and general counsel. Harbour will develop and enhance policies and infrastructure that ensure effective education, training and mentoring programs for the nearly 4 million independent Herbalife members worldwide, underpinned by robust and consistent monitoring and enforcement procedures. In addition to her compliance responsibilities, Harbour will also coordinate the companyís global privacy and cyber security efforts. Harbour served as a Commissioner at the Federal Trade Commission from 2003-2010 and a prosecutor at the New York State Attorney Generalís office for 12 years.
October 6, 2014
14:53 EDTHLFHerbalife, Nu Skin jump to session highs
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09:39 EDTBDSIUSPTO institutes review brought by MonoSol against claims in BioDelivery patent
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06:44 EDTHLFHerbalife names ex-regulator to lead compliance group, Reuters says
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06:21 EDTMSFTMicrosoft 2015 solution may not help suppress Chromebook growth, DigiTimes says
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