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News Breaks | | | | December 4, 2012 | | 16:21 EDT |  | DIN, DRI, NFLX, GERN, TEVA, CAKE, LMCA, UEPS, GALE, EAT, DIS, BIG | On The Fly: Closing Wrap
Stocks on Wall Street were slightly lower after a day marked by a light flow of news and economic data. Fiscal cliff headlines continued to come out of Washington, with President Obama speaking to Bloomberg TV in his first interview since the election, though the market had a limited reaction to the President's comments... ECONOMIC EVENTS: No major economic data was released in the U.S. Internationally, the Reserve Bank of Australia cut its key benchmark interest rate to 3.00% from 3.25%, as expected, and the Bank of Canada maintained its target for its overnight rate at 1%... COMPANY NEWS: Netflix (NFLX) announced a distribution agreement that gives it exclusive U.S. subscription rights to Disney (DIS) films beginning in 2016. Shares of Netflix jumped following the news, advancing $10.65, or 14.01%, to $86.65. Shares of Disney, which had been lower during much of the session, eventually pared losses to close up 1c, or 0.02%, to $49.30. Meanwhile, Liberty Media (LMCA), whose Starz unit currently holds the rights to Disney movies under a deal that expires in 2015, declined $5.42, or 4.88%, to $105.63... Darden Restaurants (DRI) warned its profit for the current quarter and the year may fall well short of analyst expectations and shares plunged following the guidance, finishing the day down $5.02, or 9.58%, to $47.40. Shares of peers in the casual restaurant industry, including Brinker (EAT), Cheesecake Factory (CAKE) and DineEquity (DIN), moved lower as well... MAJOR MOVERS: Among the notable gainers were Galena Biopharma (GALE), up 20c, or 9.80%, to $2.24 after signing a commercialization partnership for its NeuVax drug with Teva (TEVA), and Big Lots (BIG), up $3.23, or 11.52%, to $31.27 after its quarterly losses were not as steep as expected. Among the noteworthy losers was Net 1 UEPS (UEPS), which plunged $4.62, or 58.93%, to $3.22 after disclosing the DOJ and FBI are investigating the company for potential violations of the Foreign Corrupt Practices Act. Also lower were shares of Geron (GERN), down 34c, or 22.97%, to $1.14 after it discontinued development of a treatment for brain cancer, announced job cuts and said its CFO is leaving the company to pursue other opportunities... INDICES: The Dow was down 13.82, or 0.11%, to 12,951.78; the Nasdaq was down 5.51, or 0.18%, to 2,996.69; and the S&P 500 was down 2.41, or 0.17%, to 1,407.05. | |
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News For NFLX;DIS;LMCA;DRI;EAT;CAKE;DIN;GALE;TEVA;BIG;UEPS;GERN From The Last 14 Days Check below for free stories on NFLX;DIS;LMCA;DRI;EAT;CAKE;DIN;GALE;TEVA;BIG;UEPS;GERN the last two weeks. |
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| May 24, 2013 | | 17:08 EDT |  | LMCA | Berkshire Hathaway reports 5.03% passive stake in Starz
| | | 16:14 EDT |  | GALE | Galena Biopharma files $150M mixed securities shelf
| | | 15:07 EDT |  | DIS | Yahoo submits bid for Hulu, AllThingsD reports
 Subscribe for More Information | | | 13:19 EDT | | DIS | KKR, Silver Lake to join bidding for Hulu video service, Bloomberg reports
| | | 11:44 EDT |  | NFLX | Stocks with call strike movement; NFLX REGN
Netflix (NFLX) June 255 call option implied volatility increased 1% to 44, Regeneron (REGN) September 300 call option implied volatility decreased 2% to 43 according to IVolatility. | | | 07:11 EDT | | DIS | Hulu attracts several bidders, Reuters reports
Subscribe for More Information | | | 06:10 EDT | | DIS | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 23, 2013 | | 11:49 EDT | | NFLX | Stocks with call strike movement; NFLX APOL
Subscribe for More Information | | | 09:37 EDT | | NFLX | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ | | | 09:08 EDT | | GERN | BioTime shareholders approve acquisition of Geron stem cell assets
Subscribe for More Information | | | | May 22, 2013 | | 16:23 EDT | | TEVA | Alexza Pharmaceuticals chief commercial officer to leave company
Subscribe for More Information | | | 07:58 EDT |  | GALE | Galena Biopharma initiated with an Outperform at JMP Securities
Subscribe for More Information | | | 06:20 EDT | | GALE | Galena Biopharma initiated with an Outperform at JMP Securities
| | | May 21, 2013 | | 17:08 EDT | | BIG | Big Lots says SEC completed investigation
Subscribe for More Information | | | 13:17 EDT | | NFLX | Netflix says Ricky Gervais' original series to debut September 12
Subscribe for More Information | | | 12:58 EDT | | DIS | Disney's ESPN cuts less than 6% of workforce, Bloomberg reports
Disney's (DIS) ESPN unit laid off less than 400 workers today as part of a companywide cost-cutting effort, Bloomberg reports, citing a person with knowledge of the situation. The cuts amount to less than 6% of ESPN’s 7,000 employees, the report adds. Reference Link | | | 11:01 EDT | | EAT | Brinker announces deal to acquire 11 Chili's franchise restaurants in Canada
Subscribe for More Information | | | May 20, 2013 | | 11:27 EDT | | TEVA | Appeals court reverses, remands patent ruling in Sanofi suit against Mylan, Teva
Subscribe for More Information | | | 07:41 EDT |  | EAT | Follow-up: Brinker downgraded to Market Perform at Wells Fargo
Subscribe for More Information | | | 06:58 EDT | | EAT | Brinker downgraded to Market Perform from Outperform at Wells Fargo
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