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Stock Market & Financial Investment News

News Breaks
December 20, 2012
12:27 EDTNYX, FOLD, KMX, RAD, GOOG, ARRS, ORCL, ELOQ, ICE, MDRXOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, as investors appear to be in a holding pattern until more clarity on the fiscal cliff emerges. A number of domestic economic reports were released throughout the morning, including weekly jobless claims data, the leading economic indicators, and the final revision to third quarter GDP, but market participants remain fixated on the cliff negotiations in Washington, leaving the averages to drift... ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 17,000 to 361,000, versus expectations for a climb to 360,000. Third-quarter GDP growth was revised up to 3.1% from the prior 2.7% estimate, beating expectations for a more modest upward revision to 2.8%. The Philadelphia Fed Manufacturing survey for December had a reading of +8.1, versus the expected -3.0. The index of U.S. leading indicators fell 0.2% in November, which matched the consensus forecast. Existing home sales were up 5.9% from the prior month to a seasonally adjusted annual rate of 5.04M units in November, beating expectations. A separate report said home prices edged up 0.5% on a seasonally adjusted basis from September to October, which was also more than expected. In Asia, the Bank of Japan expanded its asset-purchase program by Y10T, or over 10%, to Y101T... COMPANY NEWS: Acquisitions in the financial and tech industries sent two stocks up over 30%. IntercontinentalExchange (ICE) agreed to acquire NYSE Euronext (NYX) in a stock-and-cash transaction currently valued at $33.12, sending shares of NYSE up 33% to $32.01 and IntercontinentalExchange shares down fractionally. Also, Oracle (ORCL) struck a deal to buy Eloqua (ELOQ), a provider of cloud-based software, for $23.50 per share, sending Eloqua's stock up 31% to $23.51... Google (GOOG) agreed to sell its Motorola Home Business for $2.35B in cash and stock to ARRIS Group (ARRS). Google shares moved fractionally higher, while ARRIS' stock jumped nearly 5%... MAJOR MOVERS: Among the notable gainers were Rite Aid (RAD), up over 15%, and CarMax (KMX), up nearly 9%, following their quarterly reports. Among the noteworthy losers was Amicus Theraputics (FOLD), down about 45% after Leerink cut its price target on shares and Capstone downgraded the stock following the failure of its study of a therapy for Fabry disease. Also lower were shares of Allscripts (MDRX), which fell almost 14% after its evaluation of strategic alternatives ended without a sale and its CEO stepped down... INDICES: Near noon, the Dow was down 15.36, or 0.12%, to 13,236.61; the Nasdaq was down 4.53, or 0.15%, to 3,039.83; and the S&P 500 was up 0.31, or 0.02%, to 1,436.12.
News For NYX;ICE;ELOQ;ORCL;ARRS;GOOG;RAD;KMX;FOLD;MDRX From The Last 14 Days
Check below for free stories on NYX;ICE;ELOQ;ORCL;ARRS;GOOG;RAD;KMX;FOLD;MDRX the last two weeks.
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August 21, 2014
06:21 EDTGOOGGM product chief thinks Google might become 'threat,' Bloomberg says
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06:05 EDTGOOGGoogle unit leads $100M infusion in Thumbtack, WSJ reports
Google's Google Capital unit is leading a $100M funding round in Thumbtack, a services marketplace, the Wall Street Journal reports. The investment, which also includes Tiger Global Management and Sequoia Capital, values Thumbtack at over $800M. Reference Link
August 20, 2014
13:46 EDTGOOGVerizon looking to build app store, The Information says
Verizon (VZ) is looking to partner with other companies to build an app store, according to The Information. Verizon's app store would compete with Google (GOOG) and Apple (AAPL), which already sell smartphone software, The Information noted. Reference Link
11:42 EDTFOLDOptions with decreasing implied volatility
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11:09 EDTFOLDHigh option volume stocks
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10:31 EDTFOLDAmicus price target raised its price target to $14 from $9 at Cowen
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09:36 EDTFOLDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
09:24 EDTGOOGVringo intends to seek en banc review of decision in I/P Engine case
Vringo (VRNG) announced that its wholly-owned subsidiary I/P Engine, Inc. intends to file a petition with the United States Court of Appeals for the Federal Circuit seeking en banc review of the split appellate decision in its case against AOL (AOL), Google (GOOG) et al. that issued on August 15 and reversed the judgment of the United States District Court for the Eastern District of Virginia. Under the Federal Circuit's rules, I/P Engine's petition for en banc review is due on September 15. I/P Engine has filed an unopposed motion seeking a 30-day extension, which would make its petition due October 15. Upon receiving the requested extension, I/P Engine may file the petition on or anytime prior to October 15.
09:07 EDTFOLDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PetSmart (PETM), up 2,1%... Staples (SPLS), up 2%... E-House (EJ), up 2.5%. HIGHER: Fairchild (FCS), up 4% after Bloomberg says Infineon (IFNNY) is near a deal to buy a U.S. semiconductor company for $2B... Amicus Therapeutics (FOLD), up 18.4% after reporting positive Phase 3 data from the Fabry study. DOWN AFTER EARNINGS: Lowe's (LOW), down 3%... Tarena (TEDU), down 9%... Leju (LEJU), down 4.2%... JA Solar (JASO), down 5%. LOWER: Hertz (HTZ), down 12.7% after downgraded at JPMorgan and Deutsche Bank following the company's decision to withdraw its FY14 guidance... NovaBay (NBY), down 35.2% after primary, secondary endpoints were not met in its NVC-422 study... RGS Energy (RGSE), down 14.9% after downgraded at Roth Capital following Q2 earnings results.
07:51 EDTMDRXAllscripts has reached attractive entry point, says RBC Capital
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07:01 EDTGOOGGarmin introduces first Android-based fleet navigators
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06:36 EDTGOOGIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
06:34 EDTFOLDAmicus Therapeutics to host conference call
Conference call to discuss results of Phase 3 Fabry monotherapy study will be held on August 20 at 8 am. Webcast Link
06:08 EDTFOLDAmicus Therapeutics reports positive Phase 3 data from Fabry study
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August 19, 2014
06:50 EDTGOOGImages show impending Google music subscription service, Android Police says
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06:13 EDTGOOGContinental AG hires Google's Seval Oz to lead new division, WSJ reports
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05:57 EDTGOOGGoogle to offer accounts to children under 13, WSJ reports
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August 18, 2014
13:12 EDTGOOGMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
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07:01 EDTKMXSonic Automotive announces pre-owned automotive retail concept
Sonic Automotive announced that EchoPark is the name of its pre-owned vehicle retail store concept. Launching in Denver this fall, EchoPark will offer a revolutionary customer experience while providing guests with a whole new way to search, buy, service and sell their pre-owned vehicles.
06:03 EDTKMXCarMax to get new rival in used cars, WSJ reports
Sonic Automotive (SAH) is expected to today announce the creation of EchoPark stores, a chain of pre-owned vehicle stores that would compete with CarMax (KMX), the Wall Street Journal reports. Reference Link
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