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Stock Market & Financial Investment News

News Breaks
June 16, 2014
10:32 EDTNXST, AAV, FIO, COV, FCN, CNP, TLM, CBSO, DWAHigh option volume stocks
High option volume stocks: NXST AAV JNK FIO COV FCN CNP TLM CBSO DWA
News For NXST;AAV;FIO;COV;FCN;CNP;TLM;CBSO;DWA From The Last 14 Days
Check below for free stories on NXST;AAV;FIO;COV;FCN;CNP;TLM;CBSO;DWA the last two weeks.
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August 19, 2014
08:22 EDTCOVMedtronic: We will continue to pay significant US taxes following Covidien deal
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August 18, 2014
16:10 EDTCOVCovidien says study shows directional atherectomy safe, effective
Covidien announced that directional atherectomy is "safe and effective as a frontline therapy for the treatment of peripheral arterial disease," according to a Covidien study published online today in the Journal of American College of Cardiology, Cardiovascular Interventions. Results from the DEFINITIVE LE study using Covidienís TurboHawk and/or SilverHawk directional atherectomy systems demonstrated 95% limb salvage in patients with critical limb ischemia and 78% overall patency in claudicant patients at 12 months.
09:16 EDTDWADreamWorks Animation appoints Fazal Merchant as CFO effective September 15
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August 14, 2014
17:16 EDTCOVPaulson & Co gives quarterly update on stakes
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07:27 EDTCOVJPMorgan a buyer of Medtronic at current levels
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06:15 EDTCOVCovidien risk/reward very favorable, says Citigroup
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August 13, 2014
14:02 EDTCBSOWinslow Capital reports 5.6% passive stake in CBS Outdoor
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06:38 EDTTLMTalisman poised to sell Iraqi Kurdistan assets, Reuters says
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August 10, 2014
18:36 EDTNXSTTake profits in Gannett, Barron's says
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August 8, 2014
17:10 EDTCOVMarket finishes week up slightly as earnings offset by political events
Stocks finished the week fractionally higher than where they started as strong corporate earnings reports and better than expected economic data was weighed against concerns about geopolitical issues and negative M&A news. MACRO NEWS: A few ongoing geopolitical conflicts worried investors and weighed on shares. Russia unveiled sanctions against Western countries, banning the import of a wide range of food items from the U.S, the EU and a few allied countries in response to sanctions recently enacted against it from G7 nations... President Obama authorized the bombing of rebels in Iraq and Hamas and Israel failed to reach a permanent truce... An ISM services index, the U.S. trade deficit for June, and weekly jobless claims were all better than expected. Meanwhile, the increase in unit labor costs last quarter came in below the consensus outlook, perhaps easing fears that the Fed will need to raise interest rates sooner than expected. COMPANY NEWS: On the M&A front, two huge potential deals fell through as 21st Century Fox (FOX, FOXA) withdrew its offer to acquire Time Warner (TWX) and Sprint (S) reportedly decided to end its pursuit of a merger with peer T-Mobile (TMUS)... President Obama indicated that his administration would take unilateral steps in an effort to prevent companies from carrying out tax inversion acquisitions. Among the deals or possible transactions that involve inversion are Medtronic's (MDT) acquisition of Covidien (COV), Valeant's (VRX) proposed takeover of Allergan (AGN) and Mylan's (MYL) acquisition of Abbott's (ABT) developed markets branded generics pharmaceuticals business. Meanwhile, Walgreen's (WAG) stock tumbled after the U.S. company said it would not structure its takeover of European drugstore chain Alliance Boots as a tax inversion deal... 21st Century Fox, 3D printer maker Stratasys (SSYS), chip maker NVIDIA (NVDA), brewer Molson Coors (TAP), and luxury accessories maker Coach (COH) all rose following their earnings reports. Conversely, Target (TGT), luxury accessories maker Michael Kors (KORS) and Internet coupon provider Groupon (GRPN) fell following their results or guidance... Gannett (GCI) struck a deal to acquire the remaining 73% interest in Classified Ventures, whose primary asset is the online car shopping website Cars.com, for $1.8B from the other partners in the venture, which include McClatchy (MNI), Tribune Media (TRBAA), Graham Holdings (GHC) and A. H. Belo (AHC). Gannett also announced plans to spin-off its Publishing business, which includes USA Today, through a tax-free distribution to shareholders... McDonald's (MCD) stock was little changed after the company reported that its comparable store sales fell 2.5% in July, which was significantly worse than expected. Food quality issues weighed on the fast food company's sales in Asia and as a result of the China supplier issue, the company warned its previously issued global comparable sales forecast for 2014 is now at risk. INDEXES: The Dow finished the week up 0.35% to 16,553.93, the S&P 500 rose 0.32% to 1,931.59, and the Nasdaq gained 0.41% to 4,370.90.
10:36 EDTCOVOptions with increasing implied volatility
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07:01 EDTCOVHarvard professor says Treasury can reduce inversion incentives, NY Times says
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August 7, 2014
13:25 EDTCBSOEarnings Preview: CBS shares little changed since Q1 report
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10:51 EDTCOVOptions with increasing implied volatility
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08:58 EDTCOVMedtronic receives request of additional info from FTC for Covidien acquisition
On August 6, 2014, in connection with the FTC review of the pending acquisition by Medtronic (MDT) of Covidien (COV), which will result in both Medtronic and Covidien becoming wholly owned subsidiaries of Medtronic, Medtronic received a request for additional information and documentary material from the FTC. Issuance of the second request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 until 30 days after Medtronic and Covidien have substantially complied with the second request, unless the waiting period is extended voluntarily by the parties or terminated earlier by the FTC. Medtronic and Covidien intend to cooperate fully with the FTC and continue to expect the Transaction to be completed in the fourth calendar quarter of 2014 or early 2015.
07:16 EDTCBSOCBS Outdoor reports Q2 EPS 19c, consensus 28c
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07:14 EDTCBSOCBS Outdoor reports Q2 revenue $334.4M vs. $332.7M last year
07:13 EDTNXSTNexstar sees over $350M free cash flow during 2014/2015 cycle
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07:12 EDTNXSTNexstar reports Q2 EPS 34c, consensus 32c
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06:42 EDTCOVObama to look to limit inversion deals, Politico says
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