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Stock Market & Financial Investment News

News For RAD;ODP;NAVB;AVEO;AMAT From The Last 14 Days
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January 23, 2015
11:51 EDTAMATStocks with call strike movement; HAL AMAT
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06:20 EDTAMATApplied Materials, Tokyo Electron look to secure approval of combination
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January 22, 2015
17:52 EDTAMATSemiconductor equipment stocks weaker after KLA-Tencor guidance
Shares of semiconductor equipment stocks are weaker in after-hours trading after KLA-Tencor (KLAC), which designs, manufactures, and markets process control and yield management solutions, issued third quarter guidance that was below consensus estimates. WHAT'S NEW: KLA-Tencor reported second quarter earnings per share of 68c on revenue of $676.4M. Both Q2 EPS and revenue were higher than analyst estimates of 52c and $664.27M, respectively. On its Q2 earnings conference call the company guided third quarter EPS of 63c-87c on revenue of $685M-$765M. Guidance for Q3 EPS and revenue were both notably lower than analyst estimates of 98c and $790.49M, respectively. PRICE ACTION: Shares of KLA-Tencor are lower by 5% to $67.45, while peers Applied Materials (AMAT) and Lam Research Corporation (LRCX) are both down about 0.5% in the after-hours session.
January 21, 2015
14:41 EDTAMATASML shares higher after reporting Q4 results, raising dividend
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07:44 EDTAMATApplied Materials coverage assumed with an Outperform at Credit Suisse
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07:34 EDTNAVBNavidea's Macrophage Therapeutics unit announces plan for $2.5M financing
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January 20, 2015
16:00 EDTAMATOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
13:09 EDTODPSources: Staples to spurn Starboard's call to merge with Office Depot, FT says
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10:47 EDTODPStaples says will consider 'all actions' that would create shareholder value
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10:23 EDTODPStarboard says Staples should explore merger with Office Depot
Starboard Value, one of the largest shareholders of Staples (SPLS), confirmed, as previously reported, that it has delivered a letter to Ronald Sargent, Chairman and CEO of Staples, and the board of directors of Staples. In the letter, Starboard states in part: "As we discussed in our recent meeting, we believe that the best way to maximize value for Staples' shareholders is through exploring and completing a business combination with Office Depot (ODP). For a variety of reasons, we believe that now is the right time to pursue such a transaction, and we urge you to immediately retain a reputable investment bank and legal advisors to assist the Board in evaluating, structuring and executing a transaction with Office Depot. We believe that a strategic combination of Staples and Office Depot would result in synergies that would more than double the operating profits of the combined company and would create an industry-leading office supply retailer that could more effectively compete against larger retailers and online competitors. The magnitude of value creation from such a business combination far exceeds anything that either company could achieve on a standalone basis. We believe that the evidence is clear that shareholders are broadly supportive of a transaction between Staples and Office Depot. As shown in the chart below, since the merger speculation began last September, Staples' share price has risen over 50%, strongly outperforming the S&P 500...After the recent increase in Staples' share price, we believe the stock now trades at a substantial premium to the intrinsic value of the standalone company. This results in a lower cost of capital for Staples and a stronger currency which could be used to acquire Office Depot. If Staples fails to fully explore and consummate a transaction with Office Depot, shareholders will undoubtedly be extremely disappointed...We understand that this will require cooperation from Office Depot, and we have already expressed to them our strong support for a transaction...Our sincere hope is that we can continue to have a constructive dialogue. However, if it becomes clear to us that you have no intention of seriously pursuing this unique and highly attractive opportunity, it would be a clear sign that significant leadership change is needed at Staples."
09:31 EDTODPActivist Starboard urging Staples, Office Depot to merge, WSJ reports
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08:59 EDTODPStarboard urged Staples to explore Office Depot merger, Bloomberg says
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January 16, 2015
05:53 EDTRADStocks with implied volatility movement; FXE RAD
Stocks with implied volatility movement; Euro Currency Trust (FXE) 14, Rite Aid (RAD) 47 according to iVolatility.
January 14, 2015
14:27 EDTRADRite Aid says still has 'very solid' script volume trends
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14:18 EDTRADRite Aid sees FY15 net income $342.5M, consensus 34c
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January 13, 2015
07:04 EDTAVEOAveo Pharmaceuticals estimates Q4 cash, securities of $52M
Aveo Pharmaceuticals in conference presentation slides estimates its Q4 cash and securities at around $52M. Aveo said its streamlined operations by exiting a long term facilities lease and eliminating research functions. It cut its headcount from 60 to 20, which it expects to reduce annual compensation expenses by $6M. The company said it will reduce facilities requirements by up to 80% of its current space, including the elimination of lab and vivarium needs.

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