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Stock Market & Financial Investment News

News Breaks
February 21, 2014
12:21 EDTPCLN, GRPN, HPQ, ESC, BKD, STRA, COG, NEMOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday despite the day's primary economic report, on existing homes sales, coming in below expectations. Stocks began the session moderately higher as traders rolled out positions ahead of options expiration. The market seemed to lack direction in the opening moments but the buyers emerged following the housing data, as investors may have been cheered that sales fell only slightly more than expected. ECONOMIC EVENTS: In the U.S., existing home sales fell 5.1% from the prior month to a rate of 4.62M in January, which was only slightly worse that projected by economists. COMPANY NEWS: Shares of online travel agency priceline.com (PCLN) climbed 3% to trade near $1,325 per share after the company reported stronger than expected fourth quarter results last night. Many research firms reacted to priceline's results and guidance by raising their price targets on the shares, with more than one hiking their targets above $1,500 per share... Groupon (GRPN) reported fourth quarter earnings per share of 4c, excluding certain items, and revenue of $768.4M, beating expectations. However, the company forecast first quarter losses per share 2c-4c, which was far below expectations of 6c per share in earnings. Groupon said it expects one-time costs related to the integration of its recent acquisitions, specifically as it consolidates Ticket Monster with its Korean business, and anticipates approximately $25M of additional investment in marketing and other growth initiatives to drive adoption of the marketplace. Shares of the local e-commerce marketplace owner were down 18% near noon after the report. MAJOR MOVERS: Among the notable gainers was Emeritus (ESC), which rose almost 37% after agreeing to a $2.8B deal to merge with Brookdale Senior Living (BKD) in a stock exchange transaction. Also higher was following its earnings report was for-profit education company Strayer Education (STRA), which jumped about 26%. Among the noteworthy losers was Hewlett-Packard (HPQ), which fell 1% after its first quarter results beat expectations but its earnings forecast for the new quarter came in generally below expectations. Also lower following their earnings reports were Cabot Oil & Gas (COG), which fell 7%, and Newmont Mining (NEM), which dropped 6%. INDEXES: Near midday, the Dow was up 28.90, or 0.18%, to 16,162.13, the Nasdaq was up 12.40, or 0.29%, to 4,279.94, and the S&P 500 was up 3.94, or 0.21%, to 1,843.72.
News For PCLN;GRPN;HPQ;ESC;BKD;STRA;COG;NEM From The Last 14 Days
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September 11, 2014
07:07 EDTHPQEMC to explore selling VMware stake, NY Post reports
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September 10, 2014
08:32 EDTSTRABofA/Merrill education/prof svcs analyst has analyst/industry conference call
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08:31 EDTHPQRiverbed names Mike Nefkens, Steffan Tomlinson to board of directors
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September 9, 2014
15:11 EDTGRPNGroupon confirms integration with Apple Pay
Groupon (GRPN) announced its integration with Apple Pay, Apple's (AAPL) new mobile payment system for iPhone 6 and iPhone 6 Plus. Groupon said it is one of the first mobile commerce companies to announce integration with Apple Pay, and the new payment option will be available to customers beginning in October.
14:04 EDTHPQHP price target raised to $43 from $40 at Argus
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13:58 EDTPCLN, GRPNStarbucks, Groupon, OpenTable apps among those to integrate Apple Pay
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10:10 EDTNEMOn the Fly: Analyst Upgrade Summary
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07:17 EDTHPQThe Wireless Association to hold a conference
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07:05 EDTBKDBrookdale Senior Living 8.955M share Spot Secondary priced at $33.50
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06:09 EDTNEMNewmont Mining upgraded to Outperform from Market Perform at Cowen
September 8, 2014
16:11 EDTBKDBrookdale Senior Living files to sell 8.75M shares of common stock
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September 5, 2014
12:42 EDTPCLNStocks with increasing options volume
Stocks with increasing options volume: VALE MCP KORS WAG GM PCLN
11:39 EDTHPQIntel launches Core M processor, available Holiday 2014
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10:05 EDTPCLNOn The Fly: Analyst Downgrade Summary
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06:59 EDTPCLNPriceline downgraded to Equal-Weight from Overweight at Evercore
Evercore downgraded Priceline (PCLN) to Equal Weight based on Google (GOOG) competitive concerns. The analyst is positive on Priceline's Enterprise initiatives but said they are in the early stages and don't address new "captive demand" channels Google is integrating. Price target lowered to $1,350 from $1,450.
06:43 EDTHPQHP considered pulling out of Autonomy deal, FT reports
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06:01 EDTNEMNewmont recommends stockholders reject 'mini-tender' offer by TRC Capital
Newmont Mining has received notice of an unsolicited "mini-tender" offer by TRC Capital to purchase up to 4M shares of common stock of Newmont at $25.15 per share. This offering price is 4.41 percent below the $26.31 per share closing price of Newmont shares on September 3, 2014, the day before the offer. TRC has made its offer subject to numerous conditions and has stated that it may terminate or amend its offer if, among other things, it does not obtain sufficient financing on terms satisfactory to it or there is any decrease in the market price of the shares. Newmont recommends that stockholders who have not responded to the TRC offer take no action because the offer is at a price below the current market price for Newmont shares and is subject to numerous conditions.
September 4, 2014
21:06 EDTNEMNewmont Mining management to meet with JPMorgan
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16:28 EDTHPQPMC-Sierra licenses HP Smart Array intellectual property
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09:06 EDTHPQHP, Intel, Dell announce creation of Redfish industry standard
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