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Stock Market & Financial Investment News

News Breaks
February 22, 2013
09:21 EDTNF, VVUS, KKR, GDI, TASR, BLOX, FIRE, ARUN, WBMD, DRI, WIFIOn The Fly: Pre-market Movers
UP AFTER EARNINGS/GUIDANCE: WebMD (WBMD), up 20.5%... Aruba Networks (ARUN), up 13.5%... SourceFire (FIRE), 13.9%... Infoblox (BLOX), up 10.2%... Hewlett-Packard (HPQ), up 4.3%... AIG (AIG), 5.3%... Darden (DRI), up 0.5%... ALSO HIGHER: TASER (TASR), up 5.8% following upgrade to Overweight at JPMorgan... Gardner Denver (GDI), up 4.8% after quarterly report, Bloomberg says KKR (KKR) makes $75 per share takeover bid... DOWN AFTER EARNINGS/GUIDANCE: Boingo Wireless (WIFI), down 22.7%... Abercrombie & Fitch (ANF), down 0.8%... ALSO LOWER: Vivus (VVUS), down 3.6% after European regulator confirms rejection of Qsiva application.
News For NF;DRI;WBMD;ARUN;FIRE;BLOX;TASR;GDI;KKR;VVUS;WIFI From The Last 14 Days
Check below for free stories on NF;DRI;WBMD;ARUN;FIRE;BLOX;TASR;GDI;KKR;VVUS;WIFI the last two weeks.
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August 26, 2014
08:18 EDTKKRKKR to take 18% stake in Fujian Sunner Development
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06:33 EDTDRIBurger King wants merger despite problems with dining combos, NY Times says
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August 25, 2014
07:03 EDTVVUSVIVUS acquires patents from Janssen Pharmaceuticals
VIVUS (VVUS) announced the acquisition of a group of patents from Janssen Pharmaceuticals (JNJ) covering uses of topiramate as monotherapy and in combination with other pharmaceutical agents to treat a variety of medical conditions. Janssen has agreed to dismiss the lawsuit it brought against VIVUS on August 22, 2014 in the U.S. District Court for the District of Delaware. VIVUS will pay a one-time upfront fee and a royalty to Janssen on Qsymia product sales for an assignment of these topiramate-related patents owned by Janssen. VIVUS has an option to buy out the royalty for a predetermined amount.
August 24, 2014
21:23 EDTKKRLender group set to offer EDMC revised debt package, NY Post says
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August 22, 2014
08:12 EDTARUNAruba Networks shares should be bought into results, says Pacific Crest
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07:28 EDTARUNAruba Networks volatility flat into Q2 and revenue outlook
Aruba Networks September call option implied volatility is at 55, October is at 48, January is at 45; compared to its 26-week average of 47 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 26.
August 21, 2014
06:33 EDTTASRCivil libertarians endorse wearable cameras for police, NY Times says
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August 20, 2014
11:44 EDTKKRMylan completes second bidding round for GSK prescription portfolio, WSJ says
Mylan (MYL), TPG Capital, Advent International, KKR (KKR), Warburg Pincus and a few Indian prescription manufacturers have completed the second round of bidding for GlaxoSmith Kline's (GSK) portfolio of mature medications, according to The Wall Street Journal, citing people familiar with the sales process. GSK noted that it aims to sell a portfolio of drug brands in the U.S. and EU with yearly sales of approximately $1.66B. Reference Link
08:18 EDTTASRTASER volatility low on sharp rally
TASER September call option implied volatility is at 48, October is at 46, December is at 48; below its 26-week average of 50 according to Track Data, suggesting decreasing price movement.
August 19, 2014
10:39 EDTKKRKKR hires Rothschild for sale of Northgate's public sector unit, Reuters says
KKR has engaged Rothschild to arrange for the sale of the public sector division of its software firm Northgate Information Solutions which may fetch around $600M, says Reuters. Reference Link
10:29 EDTTASRTASER shares continue rally amid calls for on-officer video
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07:56 EDTTASRTASER management to meet with Craig Hallum
Meeting to be held in Dallas/Houston on August 25 hosted by Craig Hallum.
07:27 EDTTASRTASER positioned to be market leader in on-officer video, says JPMorgan
JPMorgan attributes the 16% rally in shares of TASER over the past two days to anticipation that the recent events in Ferguson, Missouri could drive wider adoption of on-officer video. The firm believes on-officer video provides "compelling benefits" for both police officers and citizens and thinks TASER is well positioned to be a market leader in the space. JPMorgan sees further upside in TASER shares and maintains an Overweight rating on the stock with a $17 price target. Shares of the company are up 73c to $15.41 in pre-market trading.
06:34 EDTTASRMore than 100K support White House wearable camera petition
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06:22 EDTBLOXInfoblox FY15 outlook likely to miss consensus, says Citigroup
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August 18, 2014
12:01 EDTTASRTASER rally continues with Ferguson still in focus
Shares of TASER (TASR) are continuing their recent advance today, amid speculation that the events in Ferguson, Missouri could increase demand for the company's cameras. But research firm CRT Capital warned that TASER's stock is likely to retreat to its previous levels. WHAT'S NEW: After an unarmed teenager was killed in the town of Ferguson, Missouri last week, activists called on police to begin wearing cameras, Bloomberg reported Friday night. TASER sells cameras that can be worn by police officers. Meanwhile, The Wall Street Journal reported this morning that more police departments have begun to deploy such cameras, as studies have shown that they could reduce the use of force by police officers and cut the number of complaints made by citizens. ANALYST REACTION: But research firm CRT Capital wrote that the events in Ferguson are unlikely to boost TASER's financial results. Although TASER is the only company that markets video systems for police departments, it has historically hyped similar opportunities and then under delivered, according to the firm. After the focus on Ferguson recedes, the stock is likely to return to the levels at which it was trading last week, the firm stated. It kept a $12 price target and Fair Value rating on the shares. PRICE ACTION: In late morning trading, TASER jumped 9% to $15. On August 12, the stock closed at $12.02.
08:59 EDTTASRTASER volatility expected to move on speculation sales will potentially increase
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08:54 EDTTASRPolice departments to increase use of wearable cameras on uniforms, WSJ says
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08:34 EDTTASRTASER shares likely to fall, says CRT Capital
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06:06 EDTKKRKKR, Abacus to acquire 70% of World Trade Center, Melbourne
Abacus Property Group and KKR have entered into definitive transaction documents to acquire a 70% interest in Towers 2, 3 and 4 of the World Trade Center, Melbourne. The vendor, Asset 1 WTC, will retain a 30% co-ownership interest. The total consideration for the acquisition of the 70% interest is $120.4M, excluding transaction costs, and represents an initial yield of 9.3% per annum. The property is a part of the Northbank precinct adjacent to the central business district. Under the terms of the venture, KKR will fund 75% of the equity and Abacus will fund the remaining 25%. Abacus will provide local property, asset and development management services to WTC. The transaction is subject to FIRB approval and finalisation of the senior bank facility, which is well advanced. Settlement is anticipated to occur in October this year. Reference Link
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