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Stock Market & Financial Investment News

News Breaks
December 20, 2012
09:18 EDTNYX, DFS, BBBY, CAG, JBL, RAD, ORCL, ELOQ, VVUS, MDRX, ICE, FOLDOn The Fly: Pre-market Movers
HIGHER AFTER EARNINGS: Rite Aid (RAD), up 17.3%... Jabil Circuit (JBL), up 5.4%... ConAgra (CAG), up 3.1%... ALSO HIGHER: NYSE Euronext (NYX), up 40.2% after acquisition by IntercontinentalExchange (ICE) for $33.12 per share in case and stock... Eloqua (ELOQ), up 30% after agreeing to be bought by Oracle (ORCL) for $23.50... VIVUS (VVUS), up 7.9% after Express Scripts (ESRX) adds Qsymia to formulary, takeover speculation fueled by Daily Mail report... LOWER AFTER EARNINGS: Bed Bath & Beyond (BBBY), down 5.8%... Discover (DFS), down 2.2%... ALSO LOWER: Amicus Therapeutics (FOLD), down 43.5% after drug doesn't show statistical benefit in study... Allscripts (MDRX), down 15.9% after evaluation of strategic alternatives ends without sale, CEO steps down.
News For NYX;ICE;MDRX;VVUS;ELOQ;ORCL;RAD;JBL;CAG;BBBY;DFS;FOLD From The Last 14 Days
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October 1, 2014
10:27 EDTJBLOptions with decreasing implied volatility
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08:35 EDTORCLOracle business seems to be accelerating, says Pacific Crest
After meeting with Oracle's channel partners, Pacific Crest says that the partners were more upbeat than in past years. The firm says that Oracle's business seems to be accelerating, and the firm keeps a $45 price target and Outperform rating on the shares.
08:05 EDTMDRXAllscripts management to meet with Deutsche Bank
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07:32 EDTORCLOracle CEO sees winning in cloud, explains pass on TIBCO, CNBC reports
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06:03 EDTICEIntercontinentalExchange completes 1st phase of transition to ICE Futures Europe
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September 30, 2014
14:04 EDTORCLInfosys extends its relationship with Oracle
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11:27 EDTBBBY, JBLOptions with decreasing implied volatility
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11:10 EDTRADWalgreen slightly lower as pharmacy margin pressure continues
Shares of retail drugstore chain Walgreen (WAG) are down slightly after the company noted that it booked a non-cash loss of $866M in the fourth quarter and that it is continuing to endure pharmacy margin pressure. WHAT'S NEW: Walgreen reported Q4 adjusted EPS of 74c, which matched analysts' consensus. The company's Q4 revenue was $19.06B, which was only slightly higher than analysts $19.02B consensus. Customer traffic in Q4 comparable stores decreased 2.2% and basket size increased 3.5%, while total sales in comparable stores increased 5.4%. Walgreen said the quarter was negatively impacted by an $866M, or 90c per share, non-cash loss because it decided to exercise its option to buy the remaining stake in Alliance Boots early. In regards to its partnership with Alliance Boots, Walgreen said that it anticipates synergies of $650M in fiscal year 2015. Walgreen noted that it is moving forward with the implementation of its previously announced cost-reduction initiatives to achieve $1B in savings by the end of fiscal year 2017. The drugstore chain said that it will continue to work through pharmacy margin pressure. WHAT'S NOTABLE: During the company's conference call, Walgreen said that its generic drug inflation will be with the company "for awhile." The drugstore chain noted that inflation was the main headwind to pharmacy margins during the quarter. To combat this, Walgreen said it aims to focus on contracting strategy and will cut pharmacy costs by upping efficiencies. In terms of FY15, Walgreen said its tailwinds included an aging population, growth and chronic donations, new generics and consumerization of healthcare. The company says some headwinds during the quarter included reimbursement pressure, generic drug inflation, Medicare Part D Rate Step Down and the cautious consumer. The company anticipates closing the Alliance Boots partnership in calendar year 2015, as it works towards regulatory approvals and shareholder vote. Walgreen is looking to open an additional 1,000 stores to well-experience formats and foresees FY15 capital expenditures of $1.7B. First quarter interest expense is anticipated to be comparable to Q4 and Q1 tax rate of 30%. The company said that there won't be a material change in free cash flow in 2015. In August, Walgreen forecast fiscal year 2016 EPS of $4.25-$4.60 on revenue of $126B-$130B. At that time, Walgreen said the decision to buy the rest of Alliance Boots would not be an inversion transaction. The company previously said Timothy McLevish would succeed Wade Miquelon as executive vice president and Chief Financial Officer. PRICE ACTION: During morning trading, Walgreen fell 24c or 0.4%, to $59.36. Since its last earnings report, shares of the retail drugstore chain are down around 20%. OTHERS TO WATCH: Peers of Walgreen include Rite Aid (RAD), which is down 0.4% to $4.93, and CVS Health (CVS), which is relatively flat at $80.08.
07:53 EDTDFSDiscover volatility elevated into eBay announcing the separation of PayPal
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September 29, 2014
11:21 EDTORCLOracle announces Data as a Service for Sales
Oracle (ORCL), at its Oracle Openworld event, announced Oracle Data as a Service for Sales, a new component of the Oracle Data Cloud. In partnership with Dun & Bradstreet (DNB), Oracle DaaS enables organizations to use trusted B2B company data, including reference, social and competitive profile information, to create new business opportunities, the company stated. Oracle also introduced Oracle Business Intelligence Cloud Service, a part of Oracle Analytics Cloud, which helps speed and improve decision-making by lowering the barrier to entry for users providing secure, comprehensive information access with the cloud. Additionally, at JavaOne 2014, Oracle highlighted key updates to the Java EE platform, including upcoming features in Java EE 8, and introduced Oracle Java ME Embedded 8.1, which expands the availability of Oracle Java ME Embedded to new platforms and opens new opportunities in the embedded and IoT market. Oracle also introduced the latest version of GlassFish Server Open Source Edition 4.1.
11:15 EDTJBL, BBBYOptions with decreasing implied volatility
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08:33 EDTORCLMellanox CloudX now supported with Oracle OpenStack for Oracle Linux
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07:25 EDTORCLOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
05:13 EDTORCLOracle to host analyst meeting
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September 26, 2014
17:26 EDTMDRXHealthCor Management reports 4.0% stake in Allscripts
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16:55 EDTBBBYMarket ends week lower after inversion crackdown, mixed data
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16:18 EDTCAGConAgra files automatic mixed securities shelf
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10:18 EDTJBL, BBBYOptions with decreasing implied volatility
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08:12 EDTJBLJabil Circuit looks to be turning the corner, says Argus
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September 25, 2014
17:09 EDTORCLAlphaOne's Dan Niles sees 'cloud' as negative to Oracle's legacy business
Dan Niles is speaking on CNBC.
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