Stock Market & Financial Investment News

News Breaks February 28, 2013 05:50 EDT MU Micron announces Tokyo District Court approval of Elpida reorganization plan Micron announced the Tokyo District Court's issuance of an order approving Elpida Memory's plan of reorganization. Elpida's plan of reorganization calls for Micron to sponsor Elpida's reorganization under which Elpida will become a wholly owned subsidiary of Micron. The Tokyo District Court's approval follows an Elpida creditor vote, concluded on Feb. 26, in which the creditors voted to approve the reorganization plan. The closing of the transaction remains subject to the satisfaction or waiver of certain conditions--including finalization of the Tokyo District Court's approval order under Japanese bankruptcy rules that could occur as early as four weeks from today presuming no appeal is filed, and recognition of Elpida's reorganization plan by the United States Bankruptcy Court for the District of Delaware. Elpida and Micron continue to target completion of the transaction in the first half of calendar 2013. Elpida's proposed reorganization plan was submitted to the Tokyo District Court on Aug. 21, 2012, and the Tokyo District Court approved the submission of Elpida's proposed reorganization plan to creditors on Oct. 31, 2012. News For MU From The Last 14 Days Check below for free stories on MU the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | all recent MU news | >> June 19, 2013 18:55 EDT MU On The Fly: After Hours Movers Subscribe for More Information 16:07 EDT MU Micron reports Q3 EPS 4c, consensus 2c Subscribe for More Information 15:25 EDT MU Notable companies reporting after market close Subscribe for More Information 15:15 EDT MU Micron June 14 straddle priced for 9.7% movement into Q3 13:09 EDT MU Earnings Preview: Micron up over 50% since last earnings report Subscribe for More Information 06:14 EDT MU Inotera chairman: DRAM supply shortage to extend to 2015, DigiTimes says Subscribe for More Information June 18, 2013 11:52 EDT MU Stocks with call strike movement; REGN MU Subscribe for More Information June 17, 2013 13:12 EDT MU Micron June volatility elevated at 96 into Q3 and DRAM supply outlook Subscribe for More Information 10:11 EDT MU Micron advances after analysts up price targets Subscribe for More Information 09:08 EDT MU Micron price target riased to $20 from $14 at Credit Suisse Subscribe for More Information 08:22 EDT MU Micron price target raised to $18 from $15 at Jefferies Subscribe for More Information 07:24 EDT MU Micron price target raised to $19 from $13.50 at Citigroup Citigroup said it remains positive on shares of Micron given the Elpida deal and rising memory prices. The firm raised its price target for shares to $19 and reiterates a Buy rating on the name. June 14, 2013 12:45 EDT MU Stocks with call strike movement; JCP MU J.C. Penney (JCP) January call option implied volatility increased 2% to 50, Micron (MU) January 16 call option implied volatility increased 2% to 48 according to IVolatility. June 12, 2013 11:52 EDT MU Stocks with call strike movement; HRB MU H&R Block (HRB) June 32 call option implied volatility increased 11% to 71, Micron (MU) July 16 call option implied volatility increased 6% to 63 according to IVolatility. 10:06 EDT MU Micron volatility elevated into Q3 and DRAM supply outlook Subscribe for More Information 10:00 EDT MU Micron estimates raised ahead of Q3 report at Wedbush Wedbush raised Micron estimates ahead of the Q3 results to reflect a better overall memory pricing environment. Shares are Outperform rated with a $14.50 price target raised from $11. June 10, 2013 10:04 EDT MU On The Fly: Analyst Downgrade Summary Subscribe for More Information 07:17 EDT MU Storage Networking Industry Association to host conference Storage Plumbing & Data Engineering Conference is being held in Santa Clara on June 10-12. 05:48 EDT MU Micron downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Micron citing valuation but raised its price target range for shares to $11-$13 from $10-$12. June 7, 2013 12:42 EDT MU Micron April volatility increases as shares approach six-year high Subscribe for More Information 1 | 2 | all recent MU news | >> Sign up for a free trial to see the rest of the stories you've been missing.