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Stock Market & Financial Investment News

News Breaks
May 29, 2014
10:54 EDTCXDC, SFLY, PF, RSH, CRK, ZLC, SIMO, UPRO, D, DPS, QSIIHigh option volume stocks
High option volume stocks: QSII SIMO PF DPS ZLC SFLY D CRK CXDC UPRO RSH
News For QSII;SIMO;PF;DPS;ZLC;SFLY;D;CRK;CXDC;UPRO;RSH From The Last 14 Days
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August 28, 2015
09:00 EDTSIMOSilicon Motion management to meet with Pacific Crest
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August 24, 2015
15:44 EDTUPROOptions with increasing implied volatility
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10:12 EDTUPROOptions with increasing implied volatility
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August 21, 2015
10:36 EDTUPROOptions with increasing implied volatility
Options with increasing implied volatility: PTCT UVXY VIX VXX SVXXY SRPT TZA UPRO VNR SPXU
06:51 EDTSFLYShutterfly discloses Lisa Blackwood-Krapal appointed Chief Accounting Officer
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August 20, 2015
13:08 EDTSIMOSilicon Motion management to meet with Craig-Hallum
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08:03 EDTDIntrexon and Dominion enter exclusive agreement in Marcellus and Utica basins
Intrexon (XON) announced that Intrexon Energy Partners, and Dominion Energy, a subsidiary of Dominion (D), have entered into an agreement to explore the potential for commercial-scale biological conversion of natural gas to isobutanol, a drop-in fuel with numerous advantages over other clean burning gasoline blendstocks. Under the terms of the agreement, IEP will be required to meet specific development milestones prior to initiation of certain commercialization activities, which are subject to board approval by both parties. Dominion will be the exclusive partner to construct, own, operate, and maintain the production facilities in the Marcellus and Utica Shale Basins located in eastern North America via potential long-term services agreements with IEP. Within this geographic region, the collaboration plans to build natural gas bioconversion facilities leading to the creation of job opportunities and generation of local and state tax revenue.
August 18, 2015
10:00 EDTSIMOOn The Fly: Analyst Downgrade Summary
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07:31 EDTSIMOSilicon Motion downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill downgraded Silicon Motion two notches to Underperform from Buy and lowered its price target to $19 from $37 on shares. The firm is more cautious on the memory chip sector given new developments of SK Group's "significantly higher capex budget" and Micron's unexpected FY16 capex hike. BofA/Merrill said excess capacity is now a concern and cut long-term earnings estimates for most memory chip stocks.
August 17, 2015
08:36 EDTDDominion Midstream to acquire interests in Iroquois Gas Transmission
Dominion Midstream (DM) announced that it has entered into agreements with affiliates of National Grid and New Jersey Resources Corporation to acquire their ownership interests in Iroquois Gas Transmission System, in exchange for the issuance of approximately 8.6M common units in Dominion Midstream having an agreed-upon value of approximately $286.5M. As part of the agreements, National Grid and New Jersey Resources would contribute their combined 25.93% ownership interests in Iroquois to Dominion Midstream in exchange for newly issued Dominion Midstream common units. Dominion Midstream has no plans to acquire the ownership interest in Iroquois currently held by Dominion Gas Holdings, LLC, a wholly owned subsidiary of Dominion Resources (D). Under these agreements, approximately 6.8M units (representing approximately $225.4M at the agreed-upon unit price) would be issued to National Grid, and approximately 1.8 million units would be issued to New Jersey Resources. National Grid and New Jersey Resources have agreed to certain transfer restrictions applicable to such units including, with certain exceptions, a general one-year lockup period, and would be granted certain registration rights and piggyback registration rights with respect to future Dominion Midstream equity offerings. No public market issuance of units is planned in connection with these transactions. The partnership expects that cash flows associated with Dominion Midstream's existing preferred equity interest in Cove Point, ownership of Dominion Carolina Gas Transmission (acquired in April 2015), and the Iroquois interests acquired from National Grid and New Jersey Resources will be sufficient to support annual cash distribution growth at Dominion Midstream at the targeted rate of 22 percent through 2016. The purchase price equates to a 9.8x multiple of estimated 2015 EBITDA. The closing of both transactions is subject to clearance under the Hart-Scott-Rodino Act.
07:04 EDTSIMOSilicon Motion upgraded to Overweight from Sector Weight at Pacific Crest
Pacific Crest upgraded Silicon Motion to Overweight with a $32 price target based on growth opportunities and valuation. The firm is bullish on growth opportunities in client SSDs and greater market share, and views valuation as attractive.
05:34 EDTQSIIQuality Systems Chief Technology Officer Steve Puckett resigns
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