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Stock Market & Financial Investment News

News Breaks
December 21, 2012
16:34 EDTRIMM, YUM, PNK, ASCA, RHT, NKE, HLF, GDI, SPWOn The Fly: Closing Wrap
Stocks on Wall Street were lower on the day, after news last night out of Washington indicated that House Speaker Boehner's 'Plan B' failed to garner enough support for passage in the House, leaving the fiscal cliff unresolved as lawmakers head home for Christmas. Light volume in the markets saw the averages trade in a narrow range following the morning's selloff... 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: After yesterday's close, Research in Motion (RIMM) reported Q3 revenue that beat consensus estimates and quarterly losses that were not as steep as feared, though 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. Shares of RIM opened higher in yesterday's after hours session, but quickly reversed and the weakness continued into today's trading, eventually closing down $3.21, or 22.73%, to $10.91...Yum! Brands (YUM) saw shares down $2.61, or 3.93%, to $63.88, the stock's third straight day of losses following reports that Chinese authorities were testing chicken suspected to have contained an antiviral medicine... MAJOR MOVERS: Among the notable gainers were Pinnacle Entertainment (PNK) and Ameristar Casinos (ASCA), which both rose after Pinnacle agreed to purchase Ameristar for $26.50 per share, or $2.8B. Shares of Pinnacle gained $2.85, or 21.35%, to $16.20 on the news, while Ameristar gained $4.43, or 20.07%, to $26.50. Also higher following earnings reports were Nike (NKE), up $6.10, or 6.16%, to $105.10, and Red Hat (RHT), up $2.38, or 4.52%, to $54.99. Among the noteworthy losers were shares of Herbalife (HLF), down $6.43, or 19.08%, to $27.27 as the company's public fight with Bill Ackman intensifies. Also lower were shares of Gardner Denver (GDI), down $8.14, or 10.78%, to $67.40 after a Reuters report said the company's takeover talks with SPX Corp. (SPW) fell through... INDICES: The Dow was down 120.88, or 0.91%, to 13,190.84; the S&P was down 13.54, or 0.94%, to 1,430.25; the Nasdaq was down 29.38, or 0.96%, to 3,021.01.
News For RIMM;YUM;PNK;ASCA;RHT;NKE;HLF;GDI;SPW From The Last 14 Days
Check below for free stories on RIMM;YUM;PNK;ASCA;RHT;NKE;HLF;GDI;SPW the last two weeks.
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September 2, 2014
11:43 EDTHLFChina announces 'major' busts as result of pyramid probe, Shanghai Daily reports
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September 1, 2014
08:38 EDTNKENike counters Under Armour offer, keeps Durant, ESPN reports
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August 31, 2014
13:49 EDTYUMNomura to hold a forum
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August 28, 2014
12:47 EDTHLFHerbalife volatility flat as shares at low end of 13-month range
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August 27, 2014
16:11 EDTRHTRed Hat CTO Brian Stevens to step down
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11:09 EDTHLFHerbalife at highs following Icahn tweet
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07:28 EDTNKENike gaining share in U.S. back to school market, says Stifel
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August 25, 2014
11:44 EDTHLFStocks with call strike movement; PVA HLF
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August 22, 2014
14:28 EDTHLFHerbalife off earlier lows, levels to watch
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13:45 EDTHLFAckman likely pressed bearish options bet on Herbalife, CNBC reports
Bill Ackman of Pershing Square likely pressed his bearish options bet on Herbalife, based on options trading activity, CNBC's Scott Wapner reports.
August 21, 2014
11:24 EDTNKEUnder Armour offered Durant $265M-$285M contract, ESPN reports
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August 19, 2014
06:02 EDTYUMTaco Bell introducing dollar menu, LA Times reports
Taco Bell (YUM) is introducing its new Dollar Cravings menu, which features 11 items, the LA Times reports. McDonald's (MCD) and Wendy's (WEN) both offer dollar menus. Reference Link

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