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Stock Market & Financial Investment News

News Breaks
December 17, 2012
16:30 EDTCPWR, CLWR, VVUS, S, END, CBOUOn The Fly: Closing Wrap
Stocks on Wall Street finished higher on the day after news out of Washington indicated that compromise on some of the most contentious elements of the fiscal cliff negotiations may be nearing. President Obama and House Speaker John Boehner met for 45 minutes today in Washington after a Washington Post report over the weekend said that the Obama administration had rejected Boehner's most recent offer. The averages opened the session higher and maintained their gains through the day, closing at their highs... ECONOMIC EVENTS: In the U.S., a benchmark for New York state manufacturing, the New York Fed's Empire State Survey, came up negative for a fifth straight month. The December reading, which was forecast to move up to -1.0 from its prior -5.2 level, instead slid to -8.10. In Europe, data showed euro zone exports declined 1.4% in October from the prior month, as imports increased 0.6%. In Asia, Japan elected a new prime minister who has vowed to adopt a large stimulus package, cut interest rates and take other measures to revive growth in the nation's economy... COMPANY NEWS: Sprint (S) struck a deal to acquire the approximately 50% stake in Clearwire (CLWR) it does not already own for $2.97 per share, or $2.2B. Shares of Clearwire traded lower following the news, closing down 47c, or 13.95%, to $2.90, while shares of Sprint were virtually flat on the session, closing up 1c, or 0.18%, to $5.56...MAJOR MOVERS: Among the notable gainers was Caribou Coffee (CBOU), up $3.78,or 30.68%, to $16.10 after agreeing to be acquired by Germany's Joh. A. Benckiser for $16.00 per share in cash, or $340M. Also higher were shares of VIVUS (VVUS), up $1.60, or 13.89%, to $13.07 after a report that prescriptions of the company's weight loss drug Qsymia rose 46% for the weekend ended November 12. Also higher were shares of Compuware (CPWR), up $1.22, or 12.80%, to $10.75 after Elliott Management offered to acquire the company for $11.00 per share in cash, or $2.3B. Among the noteworthy losers was Endeavour (END), which fell $1.11, or 17.62%, to $5.19 after research firm Global Hunter downgraded the stock to Accumulate from Buy and cut its price target on shares to $9 from $13... INDICES: The Dow was up 100.38, or 0.76%, to 13,235.39; the S&P 500 was up 16.78, or 1.19%, to 1,430.36; the Nasdaq was up 39.27, or 1.32%, to 3,010.60.
News For S;CLWR;CBOU;VVUS;CPWR;END From The Last 14 Days
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August 4, 2015
18:34 EDTSSoftBank CEO says no plans to sell Sprint stake
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17:00 EDTSOn The Fly: Top stock stories for Tuesday
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09:16 EDTSOn The Fly: Pre-market Movers
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07:42 EDTSSprint does not expect to raise additional capital through public markets
Sprint (S) total liquidity was $6.6B at the end of the quarter and the company had an additional $1.3B of availability under vendor financing agreements that can be utilized toward the purchase of 2.5 GHz network equipment. Sprint said it has been working with Softbank (SFTBF) and other partners in setting up a leasing company that will finance its devices leased by customers on attractive terms. These arrangements are expected to be finalized in the coming months, and Softbank is expected to be a minority equity investor in the leasing company. With additional expected expense reductions, a capital efficient deployment of the network, and funding from the proposed leasing company, Sprint currently does not expect to raise additional capital through the public debt or equity markets in the foreseeable future, nor does it currently expect to sell spectrum.
07:38 EDTSSprint raises FY15 adjusted EBITDA view to $7.2B-$7.6B from $6.5B-$6.9B
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07:37 EDTSSprint reports Q1 Sprint platform net additions of 675,000
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07:35 EDTSSprint reports Q1 EPS (1c), consensus (8c)
Reports Q1 revenue $8.03B, consensus $8.33B. Reports Q2 adjusted EBITDA of $2.1B.
August 3, 2015
17:06 EDTSSprint announces management changes, names Tarek Robbiati CFO
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06:30 EDTVVUSVIVUS price target lowered to $2.30 from $3 at WallachBeth
WallachBeth analyst Bob Ai lowered his price target for VIVUS for $2.30 after the company announced plans to cut its sales force by one-half, to 50, in order to achieve its new corporate goal of operating cash flow being neutral or positive by the end of 2016. This is not the best move for long-term shareholders, Ai tells investors in a research note. The sales force reduction may result in a significant sales decline, the analyst believes. He keeps a Hold rating on VIVUS.
July 31, 2015
06:50 EDTSComcast, Verizon differ over terms of wireless network deal, WSJ says
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July 30, 2015
19:08 EDTVVUSVIVUS announces restructuring plan, will reduce headcount
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16:02 EDTVVUSVIVUS reports Q2 EPS (19c), consensus (24c)
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06:30 EDTSSoftBank's Arora: Still committed to turning Sprint around, WSJ reports
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July 29, 2015
11:06 EDTSSprint introduces Family Share Pack plan
With more data than T-Mobile (TMUS), and with significant savings over Verizon (VZ) and AT&T (T), Sprint (S) introduces the new Sprint Family Share Pack. Families switching to Sprint get four lines, unlimited talk, text and 10GB of high-speed data while on the Sprint network for $100/month starting July 31. Sprint says its new plan will save families $480/year over Verizon and $720/year over AT&T for virtually the same 10GB of data. Sprint says that 10GB is more than double the high-speed data in T-Mobile’s family plan.
July 23, 2015
07:22 EDTSSprint price target lowered to $3 from $4 at Jefferies
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