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Stock Market & Financial Investment News

News Breaks
December 4, 2012
16:21 EDTNFLX, UEPS, BIG, TEVA, GALE, DIN, CAKE, EAT, DRI, LMCA, DIS, GERNOn 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.
News For NFLX;DIS;LMCA;DRI;EAT;CAKE;DIN;GALE;TEVA;BIG;UEPS;GERN From The Last 14 Days
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September 19, 2014
08:13 EDTDRIDarden issues statement to thank, urge customer support for Olive Garden
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05:18 EDTNFLXNetflix now available in France, Germany, four other European countries
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September 18, 2014
16:00 EDTNFLXOptions Update; September 18, 2014
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10:27 EDTDRIOptions with decreasing implied volatility
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09:32 EDTNFLXNetflix domestic estimates raised at ITG Research
ITG raised Netflix's domestic estimates given an acceleration in August. The firm's data indicates a faster than expected improvement in ASP and improved churn trends. The analyst raised its Q3 domestic streaming revenue of $881.3M from $877.3M, above guidance of $877M and consensus of $876.3M.
08:12 EDTDRIDarden board says shareholders' choice could impact progress, including dividend
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06:00 EDTNFLXNetflix implied volatility of 26 at lower end of index mean range
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September 17, 2014
13:08 EDTDISDisney sees digital ownership up 37% year to date
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11:01 EDTTEVAActavis drops after NY AG seeks to block Alzheimer drug switch
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09:58 EDTDRIDarden urges shareholders to support independent director nominees
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08:05 EDTTEVAEagle Pharm says Teva requests motion to dismiss Bendamustine lawsuit
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September 16, 2014
16:00 EDTNFLXOptions Update; September 16, 2014
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13:20 EDTNFLXNetflix signs two year commitment to Judd Apatow original comedy series
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11:51 EDTNFLXNetflix breaks support, levels to watch
The stock was last at $451.51, putting price below the 50-day moving average at $453.67. That level is now resistance. On a technical basis the shares have swung from a sideways consolidation phase to bearish, with this break suggesting a pickup in downside momentum. Next support is at $445.85.
10:30 EDTDRIStarboard urges shareholders to vote for slate of board nominees
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09:36 EDTNFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX TSLA YHOO FB PBR MU AA TWTR WMT
08:18 EDTNFLXFCC to hold a roundtable
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07:27 EDTDISBofA/Merrill to hold a conference
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07:19 EDTDISCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
05:57 EDTNFLXNetflix implied volatility of 26 at lower end of index mean range
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