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Stock Market & Financial Investment News

News Breaks
February 19, 2013
12:09 EDTOMX, DGIT, SEE, RRGB, DVA, MOH, AET, WLP, CI, UNH, WCG, HUM, SPLS, ODP, YNDXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday despite the day’s lone domestic economic report, the National Association of Home Builders' reading on builder confidence, being a disappointment. With a light weekly data calendar and earnings season largely over except for a few big names, like Hewlett-Packard (HPQ), AIG (AIG), and Wal-Mart (WMT) that report this week, the next catalyst may need to come from Washington. On the political front, Alan Simpson and Erskine Bowles proposed a new plan for tax code changes and spending cuts, while President Obama campaigned for compromise as Democrats and Republicans remain far apart as "the sequester" deadline approaches... ECONOMIC EVENTS: In the U.S., the NAHB Housing Market Index reading of 46.0 fell short of the forecast for a reading of 48.0. In Europe, the ZEW institute's index of German investor optimism rose to 48.2 points from 31.5 in January, beating analysts' expectations... COMPANY NEWS: OfficeMax (OMX) and Office Depot (ODP) both surged after the The Wall Street Journal said the companies are in advanced talks to merge. OfficeMax rose over 22% and Office Depot advanced nearly 15%, while their chief rival, Staples (SPLS), gained 11% after several research firms, including Citigroup and Jefferies, predicted that the company would benefit significantly if such a merger goes through and as "going private" chatter about the office retailer continues to circulate... Managed care stocks slid, led by Humana (HUM), after the Centers for Medicare and Medicaid Services announced preliminary 2014 Medicare Advantage benchmark payment rates late Friday. Humana said it believes the preliminary base rates in the notice would result in a mid-single-digit decline in its benchmark payment rates and shares fell about 7%. A number of Humana's peers and other healthcare names fell also, including WellCare (WCG), UnitedHealth (UNH), Cigna (CI), Wellpoint (WLP), Aetna (AET) and DaVita (DVA)... MAJOR MOVERS: Among the notable gainers was Red Robin Gourmet Burgers (RRGB), which rose 19% after its earnings and revenue beat Street expectations. Also higher after its earnings report and guidance was Sealed Air (SEE), which jumped over 12%. Among the noteworthy losers was Digital Generation (DGIT), which fell 24% after the company reported its quarterly results and said its special committee concluded its review of strategic alternatives without recommending any transaction. Also lower after its earnings report were shares of Russian search engine company Yandex (YNDX), which declined nearly 12%... INDICES: Near noon, the Dow was up 52.13, or 0.37%, to 14,033.89; the Nasdaq was up 12.14, or 0.38%, to 3,204.17; and the S&P 500 was up 7.96, or 0.52%, to 1,527.75.
News For OMX;ODP;SPLS;HUM;WCG;UNH;CI;WLP;AET;MOH;DVA;RRGB;SEE;DGIT;YNDX From The Last 14 Days
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October 1, 2014
08:08 EDTCICigna management to meet with Deutsche Bank
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September 30, 2014
10:00 EDTAETAetna and Seton Health Allicen form collaboratoin in Austin
Aetna and Seton Health Alliance announced an accountable care collaboration and the introduction of Aetna Whole Health in Austin. The plans will be effective for self-insured customers on October 1, 2014, and in early 2015 for fully insured members.
09:07 EDTUNHUnitedHealth's Optum to acquire MedSynergies
Optum, part of UnitedHealth, announced it has entered into a definitive agreement to acquire MedSynergies, Inc., which provides physician practice management, revenue management, physician referral management and other business services to physician groups aligned with large health systems, serving more than 9,300 care providers across the U.S. The transaction is subject to regulatory approval and other customary closing conditions.
07:48 EDTWLPLeerink to hold a roundtable
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07:34 EDTCICigna management to meet with Deutsche Bank
Meeting to be held in Frankfurt on September 30 hosted by Deutsche Bank.
September 29, 2014
13:28 EDTHUMHumana announces health application integration with Apple's HealthKit
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09:31 EDTAETAetna, HHC announce new multi-year network agreement
Aetna and Hartford HealthCare announced a new multi-year network agreement beginning on January 1, 2015, and that the two organizations will offer new value-based, accountable care arrangements in Connecticut beginning next year. Aetna and Hartford HealthCare plan to implement an accountable care agreement for Aetna members beginning in 2015 and to jointly introduce new accountable care products in 2016. The accountable care agreement is designed to improve quality and the overall patient experience, improve access to care, and lower medical costs. Integrated Care Partners will play a critical role in improving how patient care is delivered through the new value-based accountable care relationships that are being defined. In an accountable care agreement, a group of health care providers assumes responsibility for the quality and cost of care for a group of patients. Aetna members in these models receive an enhanced level of coordinated care in addition to the member benefits of their current Aetna plan.
08:22 EDTCICigna management to meet with Deutsche Bank
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September 25, 2014
07:43 EDTSEESealed Air announces North America price increases for food care products
Sealed Air announced that it is implementing price increases between 3%-5% for the majority of its North American Food Care division products, effective October 6. The company said, "As we similarly announced for our Product Care Division in August, our price increases for Food Care division are in direct response to the continued escalation of our key raw materials and other input costs, in particular polyethylene and nylon, which all major petrochemical suppliers increased prices for on September 1. These new price increases from our suppliers are on top of significant increases announced earlier this year. Cumulatively, since January 2013 the PE suppliers have increased prices between 13-22%, which includes a 4-8% in early 2014.”
September 24, 2014
06:45 EDTCI, MOH, WLP, HUM, AET, WCG, UNHGovernment says more health insurers to enter exchanges in 2015, NY Times says
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September 23, 2014
11:19 EDTCICigna, Virginia Quality Care Partners announce collaboration
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09:37 EDTSEEActive equity options trading on open
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08:07 EDTUNHFDA Pediatric Advisory Committee to hold a meeting
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September 22, 2014
10:15 EDTAETOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actavis (ACT) downgraded to Equal Weight from Overweight at Barclays... Aetna (AET) downgraded to Neutral from Buy at BofA/Merrill... Auxilium (AUXL) downgraded to Hold from Buy at Stifel... CARBO Ceramics (CRR) downgraded to Neutral from Buy at Sterne Agee... Commerzbank (CRZBY) downgraded to Underperform from Neutral at Exane BNP Paribas... Concur (CNQR) downgraded to Neutral from Buy at Nomura... Dresser-Rand (DRC) downgraded to Neutral from Accumulate at Global Hunter... Finish Line (FINL) downgraded to Equal Weight from Overweight at Morgan Stanley... General Communications (GNCMA) downgraded to Hold from Buy at Drexel Hamilton... InvenSense (INVN) downgraded to Neutral from Outperform at RW Baird... Las Vegas Sands (LVS) downgraded to Market Perform from Outperform at Wells Fargo... Lindsay Corp. (LNN) downgraded at Sterne Agee... Melco Crown (MPEL) downgraded to Market Perform from Outperform at Wells Fargo... Outerwall (OUTR) downgraded to Sell from Neutral at B. Riley... PSEG (PEG) downgraded to Hold from Buy at Jefferies... Realogy (RLGY) downgraded to Underperform from Neutral at Credit Suisse... Regal-Beloit (RBC) downgraded to Accumulate from Buy at Global Hunter... SABMiller (SBMRY) downgraded to Market Perform from Outperform at Bernstein... Saba Software (SABA) downgraded to Neutral from Buy at B. Riley... Suburban Propane (SPH) downgraded to Market Perform from Outperform at Wells Fargo... Swiss Re (SSREY) downgraded to Underperform from Neutral at Exane BNP Paribas... Towers Watson (TW) downgraded to Buy from Conviction Buy at Goldman... Valmont (VMI) downgraded at Sterne Agee... Walgreen (WAG) downgraded to Equal Weight from Overweight at Barclays... Watts Water (WTS) downgraded to Neutral from Buy at Janney Capital... Wynn Resorts (WYNN) downgraded to Market Perform from Outperform at Wells Fargo... Yahoo (YHOO) downgraded to Neutral from Buy at BofA/Merrill.
10:15 EDTWLPOn The Fly: Analyst Upgrade Summary
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09:02 EDTAETAetna downgraded to Neutral from Buy at BofA/Merrill
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09:02 EDTWLPWellPoint upgraded to Buy from Neutral at BofA/Merrill
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07:40 EDTWCGWellCare Medicare Advantage margin outlook concerning, says Wedbush
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06:54 EDTCICigna removed from short-term buy list at Deutsche Bank
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September 19, 2014
06:49 EDTWLP, WCG, UNH, MOH, HUM, CI, AETGovernment says 7.3M in private Obamacare plans, NY Times reports
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