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Stock Market & Financial Investment News

News Breaks
June 13, 2014
12:34 EDTC, FNSR, LVLT, TWTC, EXPR, GRUB, YELP, INTC, PCLN, OPENOn The Fly: Midday Wrap
Stocks on Wall Street began the session slightly higher but quickly gave up their opening gains. An early report on producer prices unexpectedly showed slight deflation, not price inflation as was expected, which was followed by a worse than expected reading on consumer confidence. The averages dropped into negative territory, but by mid-morning the market had reversed and moved back onto positive ground, where the averages remained near the lunch hour. ECONOMIC EVENTS: In the U.S., the Labor Department's producer price index for final demand slipped 0.2% in May, versus expectations for it to have risen 0.1% in the month. The first release of the University of Michigan consumer confidence index for June dropped to 81.2 from the final May reading of 81.9. COMPANY NEWS: Shares of restaurant review and reservation company OpenTable (OPEN) were the day's big winner after travel site operator Priceline Group (PCLN) agreed to buy the company for $2.6B, or $103 per share. OpenTable advanced 47% to trade at $103.50 near noon, while shares of a number of companies that provide local services and deals via the Internet and mobile devices jumped as well, including Yelp (YELP), which was up 13%, and GrubHub (GRUB), which rose 8.5%... Shares of chip making giant Intel (INTC) rose more than 7% after its raised its guidance for the second quarter, citing strong demand for business PCs, and said that it now expects some revenue growth this fiscal year, versus its previous guidance for "mostly flat" revenue growth. MAJOR MOVERS: Among the notable gainers was Express (EXPR), which jumped 20% after confirming that Sycamore Partners, which owns approximately 9.9% of its shares, has expressed interested in acquiring the company. Also higher was TW Telecom (TWTC), which rose nearly 12% after a financial news service BrightWire said the company and Level 3 (LVLT) are in merger talks. Among the noteworthy losers was telecommunication equipment maker Finisar (FNSR), which sunk 23% after the company’s profit and gross margin outlook trailed analysts’ consensus estimates and its stock was downgraded at Craig-Hallum. Also lower was Citigroup (C), which fell 1.5% after Bloomberg reported that the U.S. is seeking over $10B in its mortgage probe related to the bank. INDEXES: Near midday, the Dow was up 34.84, or 0.21%, to 16,769.03, the Nasdaq was up 12.03, or 0.28%, to 4,309.66, and the S&P 500 was up 5.06, or 0.26%, to 1,935.17.
News For OPEN;PCLN;INTC;YELP;GRUB;EXPR;TWTC;LVLT;FNSR;C From The Last 14 Days
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August 25, 2014
16:00 EDTCOptions Update; August 25, 2014
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12:19 EDTGRUBGrubHub falls on share offering, levels to watch
The stock is down 5.8% to $40.28 after the company filed to sell 10M shares in a follow-on offering. At current price next support is at $39.36. Resistance is at $41.11.
10:45 EDTGRUBGrubHub resumes, down 6% after filing for 10M share offering
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10:32 EDTGRUBGrubHub files to sell 10M shares of common stock
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10:30 EDTGRUB, YELPYelp at high of day, up 2% after GrubHub halted for pending news
10:26 EDTGRUBGrubHub trading halted, pending news
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09:35 EDTCActive equity options trading on open
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06:30 EDTINTCIntel, Chunghwa Telecom sign cooperation MOU for IoT, DigiTimes reports
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06:24 EDTFNSRFinisar September volatility elevated into Q1 and outlook
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August 24, 2014
21:56 EDTINTC, YELPB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
August 22, 2014
09:36 EDTCActive equity options trading on open
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08:38 EDTPCLNTripAdvisor cut metasearch inventory in half, says FBR Capital
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06:12 EDTCCitigroup faces restrictions on hedge-fund sales, WSJ reports
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August 21, 2014
10:02 EDTCActive calls at CBOE; AAPL C HPQ
Active calls at CBOE; AAPL 8/22/14 100 & 100, C Jan 55, HPQ 8/29/14 36
06:43 EDTCRegulators up bank warning efforts for poor risk assessment, Reuters says
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August 20, 2014
13:05 EDTINTCIntel and Unity collaborate to extend Android support across Intel-based devices
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06:17 EDTCCitigroup looks to sell Japanese retail banking unit, Reuters says
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August 19, 2014
13:08 EDTCCitigroup tells appeals court Agentina banking license at risk, Reuters reports
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12:17 EDTTWTCtw telecom says 'applauds OMB approval of FCC's special access request'
tw telecom Senior Vice President of Public Policy Michael Rouleau issued the following statement following the Office of Management and Budget's approval of the Federal Communication Commission's special access data collection request. The request will help expedite the FCC's review of incumbent business broadband service providers' market power: "tw telecom applauds the OMB for its approval of the FCC's special access data collection request, helping pave the way for the Commission's review of business broadband service providers' market power, business practices, and pricing. The FCC's access to this pertinent market data will help open the window to increased competition in the industry. tw telecom thanks the OMB and the FCC for their continued efforts toward resolving this long-standing issue, and urges the Commission to issue the data request as soon as possible."
12:14 EDTCCitigroup considers selling Japan retail-banking unit, WSJ reports
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