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Stock Market & Financial Investment News

News Breaks
July 3, 2014
09:03 EDTPETM, LULU, NQ, APP, PCAR, ISCA, BIND, AMGN, RGDOOn The Fly: Pre-market Movers
HIGHER: PetSmart (PETM), up 16% after activist investor Jana Partners disclosed that it has acquired a 9.9% stake and intends to have talks with PetSmart’s board of directors and management regarding a review of strategic alternatives including exploring a sale... American Apparel (APP), up 9.6% after deposed CEO Dov Charney reportedly surrendered his entire stake and voting rights in the retailer to hedge fund Standard General, according to Reuters... International Speedway (ISCA), up 4% after reporting Q2 adjusted EPS and revenue that beat expectations... PACCAR (PCAR), up 4% after research reports said Daimler's (DDAIY) truck chief claimed to have been told that Volkswagen (VLKAY) wants to take over the truck maker, though a spokesman for Volkswagen told Dow Jones that there is "no truth" to the reports that it is planning an acquisition bid... lululemon (LULU), up 3.7% after The Wall Street Journal reported last night, citing people familiar with the situation, that the company's founder has been talking to private equity firms through advisers about taking the company private. LOWER: Regado Biosciences (RGDO), down 54% after announcing that the Data Safety Monitoring Board has initiated an unplanned review of data from the REGULATE-PCI trial and the stock was downgraded to Underperform from Outperform at Wedbush... NQ Mobile (NQ), down 21.5% after reporting that its auditor, PwC, has requested to expand the scope of its 2013 audit work and that the audit committee chair is stepping down from the board... BIND Therapeutics (BIND), down 13% after announcing Amgen (AMGN) will not be exercising its development option under the companies' collaborative research program.
News For PETM;LULU;NQ;APP;PCAR;ISCA;BIND;AMGN;RGDO From The Last 14 Days
Check below for free stories on PETM;LULU;NQ;APP;PCAR;ISCA;BIND;AMGN;RGDO the last two weeks.
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July 10, 2014
08:10 EDTAMGNMorgan Stanley's Vintage Values 2015 list selected
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06:06 EDTLULUStocks with implied volatility below IV index mean; LULU VLO
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06:02 EDTPETMStocks with implied volatility below IV index mean; PETM BBBY
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July 9, 2014
20:03 EDTAPPInvestigation into ousted American Apparel CEO to end soon, Reuters reports
The investigation into the conduct of American Apparel's ousted CEO Dov Charney will end in "another week or two," according to Reuters, citing a source close to the matter. The source said that FTI Consulting will submit its findings to a special committee for review, and the special committee will decide whether Charney may return as an employee. The source also said that American Apparel plans to appoint a new interim CEO in the "next few weeks if not sooner." Reference Link
18:50 EDTRGDOOn The Fly: After Hours Movers
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16:36 EDTAPPAmerican Apparel enters Support Agreement with Standard General
In a regulatory filing, American Apparel, entered into a Nomination, Standstill and Support Agreement with Standard General, or SG, Standard General Master Fund L.P., P Standard General Ltd. and Dov Charney. The Support Agreement relates to, among other things, the composition of the company’s board, the provision by SG of financial support to the company in an aggregate amount up to $25M, and the creation of a special committee of the board to oversee the SG The Standard General Group also agreed to certain standstill and voting limitations and SG affirmed its commitment to the company’s core values, including the company’s sweatshop-free, “Made in the USA” manufacturing philosophy and maintaining the company’s manufacturing headquarters in Los Angeles, CA. Other key points of the agreement include: A reconstitution of the company’s board in which five of the current seven members, including Charney, will voluntarily step down. The departing directors will be replaced by two new directors, chosen jointly by SG and the current board, and three new directors designated by SG. All but one of the new directors are expected to be independent directors and unaffiliated with either SG or Charney. The board will continue to be led by its current co-chairmen, David Danziger and Allan Mayer. Mr. Charney will not serve as a board member or be nominated by the company or SG as a board member. A continuation of the ongoing investigation into Charney’s alleged misconduct overseen by a newly appointed, independent board committee. Charney will serve as strategic consultant until the end of the investigation. Based on the findings of the investigation, the committee will determine if it is appropriate for Charney to serve as CEO or an officer or employee of American Apparel. Adoption of a standstill agreement through the company’s 2015 annual meeting that, among other things, prohibits SG and Charney from acquiring any additional shares in American Apparel and limits their vote to no more than one third of the company’s shares on any issue put to stockholders; their remaining shares would be voted proportionately to the vote of other stockholders.
16:08 EDTRGDORegado Biosciences announces clinical hold of REGULATE-PCI trial
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16:01 EDTRGDORegado Biosciences trading halted, pending news
13:06 EDTPETMPetSmart downgraded to Hold from Buy at Standpoint Research
12:15 EDTPETMPetSmart merger with Petco would make sense, DealBook says
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09:32 EDTAPPAmerican Apparel, Standard General said to reach $25M deal, NY Times reports
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08:43 EDTAPPAmerican Apparel said to reach $25M deal with Standard General, Bloomberg says
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08:39 EDTNQNQ Mobile responds to Muddy Waters report from July 7
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07:00 EDTAPPAmerican Apparel ex-CEO loses support of some workers, Reuters says
Dethroned American Apparel CEO Dov Charney supported employees in the clothing industry with his view in favor of immigration rights and target to keep jobs in the U.S., but some workers are backing the board's decision to fire the former CEO, according to Reuters, citing comments from some of the retailer's employees. Reference Link
06:03 EDTLULUStocks with implied volatility below IV index mean; LULU BBBY
Stocks with implied volatility below IV index mean; lululemon (LULU) 37, Bed Bath & Beyond (BBBY) 18.
July 8, 2014
13:36 EDTAPP1832 Asset liquidates passive stake in American Apparel
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09:07 EDTAPPAmerican Apparel reports notice from Lion asserting event of default
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06:31 EDTAPPAmerican Apparel shareholders sue firm, ousted CEO, Bloomberg says
American Apparel shareholders are suing the firm and ousted CEO Dov Charney over allegations that directors ignored Charney’s misconduct which violated the company’s sexual harassment and discrimination rules, according to Bloomberg, citing the lawsuit. Reference Link
06:26 EDTAPPLion Capital demands repayment of $10M loan from American Apparel, NY Times says
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06:11 EDTLULUStocks with implied volatility below IV index mean; LULU BBBY
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