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Stock Market & Financial Investment News

News Breaks
December 21, 2012
12:21 EDTMU, HLF, RHT, NKE, NOK, ASCA, RIMM, PNKOn The Fly: Midday Wrap
Stocks on Wall Street were sharply lower at midday after Republicans failed to back Speaker Boehner's "Plan B" fiscal cliff bill, meaning lawmakers will go home for the Christmas holiday with the cliff still looming. Today's volume is heavy, as is typical for options expiration day, but investors seem to care less about the latest economic reports and remain focused on the impact the fiscal cliff may have on the economy next year... ECONOMIC EVENTS: Reports showed U.S. personal income rose 0.6% in November, versus the expected increase of 0.3%. Consumer spending climbed 0.4% in the month, which matched expectations. Durable goods orders rose 0.7% in November, versus the expected increase of 0.3%. Excluding transportation items, orders jumped 1.6%, versus the expected decline of 0.2%. The final University of Michigan Consumer Confidence reading for December was revised down to 72.9 from a prior 74.5 reading. Analysts called for it to rise slightly to 75.0... COMPANY NEWS: Research in Motion (RIMM) jumped higher in after-market trading immediately after its report that Q3 revenue beat consensus estimates and its quarterly losses were not as steep as feared. However, shares reversed and the weakness extended into today's trading session after the company said on its conference call that it plans to introduce a lower enterprise service tier, which multiple Wall Street analysts said may cut into one of its highest margin revenue streams. The company also agreed to a patent deal with Nokia (NOK), under which it will make a one-off payment and pay ongoing fees to it smartphone rival. Shares of Research in Motion plunged over 18% in afternoon trade, while Nokia slid nearly 5%... MAJOR MOVERS: Among the notable gainers were Pinnacle Entertainment (PNK) and Ameristar Casinos (ASCA), which both rose after Pinnacle agreed to purchase its fellow casino operator for $26.50 per share, or $2.8B. Shares of the buyer rose over 18%, while Ameristar jumped nearly 20%. Also higher were shares of Nike (NKE), which rose almost 5%, and Red Hat (RHT), up nearly 4%, after their earnings reports. Among the noteworthy losers were Herbalife (HLF), down more than 14% as the company's public fight with Bill Ackman intensifies, and Micron (MU), down 8% following its worse than expected quarterly results... INDICES: Near noon, the Dow was down 175.99, or 1.32%, to 13,135.73; the Nasdaq was down 45.81, or 1.50%, to 3,004.58; and the S&P 500 was down 19.77, or 1.37%, to 1,423.92.
News For RIMM;NOK;PNK;ASCA;NKE;RHT;HLF;MU From The Last 14 Days
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June 18, 2015
17:24 EDTRHTRed Hat sees Q2 EPS approximately 44c, consensus 45c
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17:23 EDTRHTRed Hat raises FY16 EPS view to $1.81-$1.84 from $1.79-$1.82, consensus $1.81
Backs FY16 revenue view, $1.99B-$2.02B, consensus $1.99B. Guidance from Q1 earnings call.
17:09 EDTRHTRed Hat says 'optimistic' on view for remainder of year
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17:03 EDTNKENike boardmembers Douglas G. Houser and Orin C. Smith retiring in September
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16:07 EDTRHTRed Hat reports Q1 subscription revenue of $425M, up 14% year-over-year
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16:06 EDTRHTRed Hat reports Q1 operating cash flow $209M
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16:04 EDTRHTRed Hat reports Q1 EPS 44c, consensus 41c
Reports Q1 revenue $481M, consensus $472.59M.
15:27 EDTRHTNotable companies reporting after market close
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14:21 EDTRHTRed Hat technical comments before earnings
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12:04 EDTMUActive options: AAPL ORCL FB RAD BAC HTZ MU GE TSLA AMZN BABA KO
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10:55 EDTMUStocks with call strike movement; MU BABA
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09:35 EDTMUActive equity options trading on open
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08:17 EDTMUSusquehanna lowers Micron estimates, but says risk/reward attractive
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June 17, 2015
18:39 EDTNOKNokia looks to German carmakers as it seeks $4B for map unit, Bloomberg says
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11:03 EDTNOKNokia, Alcatel-Lucent say DOJ permits companies to proceed with combination
Nokia (NOK) and Alcatel-Lucent (ALU) announced that the U.S. Department of Justice has granted early termination of the U.S. antitrust waiting period for the combination of Nokia and Alcatel-Lucent, permitting the transaction to proceed. The parties said they continue to make good progress with the regulatory approval processes in the remaining relevant jurisdictions, with the parties having already obtained antitrust clearances in Brazil and Serbia. The transaction remains subject to approval by Nokia shareholders, Nokia holding over 50% of the share capital of Alcatel-Lucent on a fully diluted basis upon completion of the public exchange offer, receipt of other regulatory approvals and other customary conditions. The transaction is expected to close in the first half of 2016.
June 16, 2015
16:01 EDTMUApple Twitter Facebook Bank of America Yahoo Netflix Alibaba WisdomTree Coca-Cola Goldman Sachs Micron General Electric
iPath S&P 500 VIX Short-Term Futures down 33c to 18.68. Option volume leaders: AAPL TWTR FB BAC YHOO NFLX BABA WETF KO GS MU GE.
13:48 EDTNOKNokia CEO says may decide not to sell HERE maps unit, Bloomberg says
Says the strategic analysis of HERE unit is still going on and no decision has been made, added Bloomberg.
09:17 EDTMUMicron estimates lowered again at Cleveland Research
Cleveland Research lowered Neutral rated Micron estimates again due to continued PC and server DRAM pricing pressure. The firm said PC and server DRAM inventory remains oversupplied and Mobile demand is softer and in oversupply. Cleveland Research recommends remaining on the on the sidelines for Micron and expects additional meaningful estimate reductions.
09:04 EDTRHTSilicon Graphics signs OEM agreement with Red Hat
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05:51 EDTNOKNokia, LG Electronics agree on smartphone patent license
LG Electronics has agreed to take a royalty-bearing smartphone patent license from Nokia Technologies (NOK). The Korean company is the latest of more than 60 licensees for Nokia's 2G, 3G and 4G mobile communication technologies and the first major smartphone manufacturer to join the licensing program since Nokia divested its Devices & Services business to Microsoft (MSFT) in 2014. The detailed royalty payment obligations will be subject to commercial arbitration, expected to conclude within a 1-2 year timeframe. Other terms of the agreement remain confidential between the two companies.
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