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Stock Market & Financial Investment News

News Breaks
June 30, 2014
09:57 EDTDVA, TMST, RYAM, EVAR, IGXT, CA, SFXE, NTAP, KONA, ELGX, RESI, VAR, RCPT, MBII, IRMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Altisource Residential (RESI) initiated with a Neutral at Citigroup... CA Technologies (CA) initiated with a Buy at Standpoint Research... DaVita (DVA) initiated with a Buy at Jefferies... Endologix (ELGX) initiated with an Outperform at Credit Suisse... IntelGenx (IGXT) initiated with a Buy at H.C. Wainwright... Iron Mountain (IRM) resumed with an Overweight at JPMorgan... Kona Grill (KONA) initiated with a Buy at KeyBanc... Lombard Medical (EVAR) initiated with an Outperform at Credit Suisse... Marrone Bio (MBII) initiated with an Outperform at RW Baird... NetApp (NTAP) initiated with a Buy at Standpoint Research... Rayonier Advanced Materials (RYAM) initiated with a Buy at DA Davidson... Receptos (RCPT) initiated with a Buy at Nomura... SFX Entertainment (SFXE) initiated with an Overweight at Albert Fried... TimkenSteel (TMST) initiated with a Buy at Jefferies... Varian Medical (VAR) initiated with a Neutral at ISI Group... Williams Partners (WPZ) initiated with a Buy at UBS.
News For RESI;CA;DVA;ELGX;IGXT;IRM;KONA;EVAR;MBII;NTAP;RYAM;RCPT;SFXE;TMST;VAR From The Last 14 Days
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April 27, 2015
07:13 EDTCAUBM Tech to hold a conference
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07:03 EDTDVADaVita upgraded to Outperform from Neutral at Baird
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06:03 EDTEVARLombard Medical to feature Aorfix at international symposium
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April 22, 2015
08:35 EDTIRMIron Mountain, EMC enter strategic relationship for cloud services
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06:40 EDTRYAMRayonier upgraded to Sector Perform from Underperform at RBC Capital
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06:10 EDTEVARLombard Medical enrolls first patient in ARCHYTAS global clinical registry
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April 21, 2015
13:01 EDTCASciQuest names Karen Sage as Chief Marketing Officer
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April 20, 2015
11:55 EDTCACA Technologies and AppDynamics settle litigation
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April 17, 2015
13:31 EDTNTAPSymantec approached NetApp, EMC about potential Veritas sale, Bloomberg says
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10:00 EDTRCPTOn The Fly: Analyst Initiation Summary
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05:55 EDTRCPTReceptos initiated with a Buy at UBS
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April 16, 2015
09:30 EDTRCPTReceptos announcement a positive surprise, says Leerink
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08:08 EDTRCPTReceptos reports positive results for maintenance period of ozanimod trial
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April 15, 2015
10:01 EDTDVADaVita sees taking $250M reserve for Vanier litigation
In a regulatory filing yesterday related to a bond offering, DaVita noted it has received subpoenas or other requests for documents from the federal government in connection with the Vainer private civil suit, the Swoben private civil suit, the 2011 U.S. Attorney Medicaid investigation, the 2015 U.S. Attorney Transportation Investigation and the JSA investigation. In each of the Vainer and Swoben private civil suits, a relator filed a complaint against the company in federal court under the qui tam provisions of the False Claims Act and pursued the claims independently after the government declined to intervene. With regard to the Vanier private civil suit, the parties are engaged in active litigation. The parties in that suit completed discovery in early 2014; however, in August 2014, the court granted relators’ motion for sanctions and reopened discovery on a limited basis. The court in Vainer is considering the plaintiffs’ request for further sanctions, which could result in a range of outcomes from no other sanctions to plaintiffs’ request to strike our answer. Certain of these sanctions could materially adversely impact the company's ability to defend the case, DaVita said. "While we cannot predict the ultimate outcome of this case, if the case is resolved in favor of the plaintiffs, its resolution could have a material adverse effect on our earnings and cash flows. We recently commenced settlement discussions with the plaintiffs in Vainer." The company said it expects to accrue an estimated loss contingency reserve of $250M related to this matter. "Negotiations are ongoing and we can make no assurances as to whether the Vainer suit will settle and, if it does settle, whether it will settle for an amount higher than the current reserve," DaVita added. With regard to the Swoben private civil suit, in July 2013, the court granted HCP’s motion and dismissed with prejudice all of the claims in the Third Amended Complaint, and in October 2013 the plaintiff filed an appeal of the dismissal, which is currently pending.
10:00 EDTCAOn The Fly: Analyst Initiation Summary
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08:34 EDTIRMIron Mountain selects ORBCOMM for RFID inventory governance solution
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06:03 EDTEVARLombard Medical initiates surveillance program for Aorfix stent graft
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05:32 EDTCACA Technologies initiated with a Neutral at JPMorgan
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April 14, 2015
12:13 EDTDVADaVita announces $725.94M repurchase program
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10:16 EDTNTAPHigh option volume stocks
High option volume stocks: NSAM ALU CJES BIG CMRX ERIC NTAP TMO KN CIG
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