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Stock Market & Financial Investment News

News Breaks
June 14, 2012
10:31 EDTBBVA, PGH, HGSI, NOK, ADBE, NMROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Adobe (ADBE) downgraded to Hold from Buy at Jefferies... Banco Bilbao (BBVA) downgraded to Sell from Neutral at UBS... Human Genome (HGSI) downgraded to Market Perform from Outperform at JMP Securities... Nomura Holdings (NMR) downgraded to Hold from Buy at Jefferies... Pengrowth Energy (PGH) downgraded to Market Perform from Outperform at BMO Capital... Nokia (NOK) downgraded to Underperform from Neutral at RW Baird.
News For NOK;PGH;NMR;HGSI;BBVA;ADBE From The Last 14 Days
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September 2, 2015
12:37 EDTNOKGerman carmakers win FTC approval to purchase Nokia's maps unit, Reuters says
BMW (BAMXY), Audi (AUDVF), and Daimler's (DDAIF) Mercedes-Benz have received U.S. antitrust approval from the FTC to purchase Nokia's (NOK) maps business for roughly EUR2.5B, Reuters reports. The deal was on the FTC's list of uncontroversial transactions that received approval from the FTC or DOJ, the report says. Reference Link
10:00 EDTADBEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AcelRx (ACRX) initiated with a Buy at H.C. Wainwright... Adobe (ADBE) initiated with a Perform at Oppenheimer... Antero Midstream (AM) initiated with a Buy at Ladenburg... Arbutus Biopharma (ABUS) initiated with an Outperform at JMP Securities... CSI Compressco (CCLP) initiated with a Market Perform at Wells Fargo... Cepheid (CPHD) initiated with an Equal Weight at Barclays... Cincinnati Financial (CINF) initiated with a Buy at MKM Partners... Disney (DIS) initiated with an Outperform at CLSA... Genomic Health (GHDX) initiated with an Underweight at Barclays... Green Brick (GRBK) initiated with a Neutral at Citi... Heron Therapeutics (HRTX) initiated with a Buy at BofA/Merrill... Karyopharm (KPTI) initiated with an Overweight at JPMorgan... PayPal (PYPL) initiated with a Buy at Argus... Quidel (QDEL) initiated with an Overweight at Barclays... Recro Pharma (REPH) initiated with a Buy at H.C. Wainwright.
06:20 EDTADBEAdobe initiated with a Perform at Oppenheimer
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September 1, 2015
11:06 EDTPGHPengrowth Energy says current value of hedge book approximately $525M
Pengrowth continues to pro-actively utilize hedging to provide additional cash flow stability. The current value of its hedge book is approximately $525M. The company has an extensive commodity risk management program with approximately 78% of crude oil production hedged at C$93.68 per bbl for the remainder of 2015 and approximately 64% of 2016 crude oil production hedged at C$89.08 per bbl. For natural gas, Pengrowth has approximately 59% of 2015 natural gas production hedged at C$3.69 per Mcf and approximately 52% of 2016 natural gas production hedged at C$3.39 per Mcf. The company has significant natural gas production hedged for 2017 and 2018 at prices in excess of C$3.50 per Mcf and has been actively layering in additional oil hedges for 2017 and 2018 at a floor price of C$80 per bbl.
11:04 EDTPGHPengrowth Energy sees FY16 CapEx under $100M
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11:03 EDTPGHPengrowth Energy lowers dividend to 1c from 2c per share
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10:04 EDTNOKOn The Fly: Analyst Upgrade Summary
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09:09 EDTNOKNokia upgraded to Hold from Sell at Nordea
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07:55 EDTNOKSeveral telecom equipment stocks attractive after pullback, says Bernstein
Bernstein says that Ericsson (ERIC), Nokia (NOK), and Alcatel-Lucent (ALU) have fallen about 10% recently, even though all three have "limited exposure" to China, according to the firm. The firm adds that all three are defensive in relation to macro economic growth. It keeps Outperform ratings on all three names.
August 31, 2015
18:41 EDTADBEGoogle web browser to start limiting Adobe Flash on September 1
Google's (GOOG) "Chrome" web browser is set to start pausing Adobe (ADBE) Flash ads on September 1, preventing affected ads from playing unless a user manually clicks on the advertisment. Reference Link
06:24 EDTNOKCCI charges Google with abusing market dominance, Economic Times reports
The Competition Commission of India is charging Google (GOOG) with abusing its dominant market position by rigging search results, a claim corroborated by Flipkart, Facebook (FB), Nokia's (NOK) maps division, MakeMy-Trip.com (MMYT), and several other companies, the Economic Times reports. The case marks the first globally where an antitrust body is formally raising such charges against Google, the report says. CCI might impose a fine of up to 10% of Google's income, the report says. Reference Link
August 28, 2015
06:19 EDTNOKNokia and China Huaxin sign MOU to create new venture
Nokia and China Huaxin Post & Telecommunication Economy Development Center have signed a memorandum of understanding confirming their intention to combine Nokia's telecommunications infrastructure businesses in China and Alcatel-Lucent Shanghai Bell into a new joint venture. As agreed under the MoU, Nokia expects to hold 50% plus one share in the new joint venture, with China Huaxin holding the remaining shares. Fair value compensation would be received for the contribution of relevant assets to the joint venture. The new joint venture is conditional on and would be formed after the closing of Nokia's planned combination with Alcatel-Lucent, at which point Nokia would own 50% plus one share of ASB. The new joint venture is expected to be a strong national asset based in China capable of delivering value for both parties.Nokia China and ASB are leaders in the Chinese telecommunications infrastructure market and both are long-standing contributors to the development of China and innovation in the country. The new joint venture would have one board of directors, one management team, unified customer and business functions, and one integrated product portfolio and R&D platform. Until the closing of the proposed combination between Nokia and Alcatel-Lucent, Nokia China and ASB will continue to operate as two independent companies.
August 25, 2015
09:59 EDTADBEOn The Fly: Analyst Upgrade Summary
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08:08 EDTADBEFireEye, Adobe among quality 'flushed out' tech names, says JPMorgan
JPMorgan analyst Sterling Auty says that market disruptions like the one seen in the last several days have historically provided a unique opportunity to invest in high-quality names and identified FireEye (FEYE), Adobe (ADBE), Veeva Systems (VEEV) and Rovi (ROVI) as four particularly interesting tech stocks that "appear flushed out" and now offer "exaggerated" risk/reward. The firm has Overweight ratings on all four stocks mentioned above after having upgraded Rovi to Overweight this morning.
06:18 EDTADBEAdobe upgraded to Outperform from Neutral at Baird
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August 21, 2015
12:18 EDTNOKMicrosoft to cut up to 2,300 jobs in Finland, Reuters reports
Microsoft (MSFT) will cut up to 2,300 jobs in Finland and close Nokia's (NOK) former handset product development unit in Salo, Reuters reports. The cuts are part of Microsoft's plans to cut 7,800 jobs globally. Microsoft will keep open sites in Espoo and Tampere. Reference Link
August 20, 2015
05:46 EDTNOKNokia Networks expand use of WANdisco big data technology
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