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News Breaks | | | | December 17, 2012 | | 16:30 EDT |  | S, CLWR, CBOU, VVUS, CPWR, END | On 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. | |
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News For S;CLWR;CBOU;VVUS;CPWR;END From The Last 14 Days Check below for free stories on S;CLWR;CBOU;VVUS;CPWR;END the last two weeks. |
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| May 21, 2013 | | 16:21 EDT |  | CPWR | Compuware sees FY14 GAAP EPS 35c-37c, consensus 42c
 Subscribe for More Information | | | 16:18 EDT | | CPWR | Compuware reports Q4 non-GAAP EPS 5c, consensus 5c
Subscribe for More Information | | | 15:18 EDT | | CPWR | Notable companies reporting after market close
Subscribe for More Information | | | 13:43 EDT |  | S, CLWR | Clearwire reschedules special shareholder meeting
Subscribe for More Information | | | 13:36 EDT |  | S, CLWR | Clearwire holder Crest Financial protest company's delay of vote on merger
Crest Financial Limited, the largest of the independent minority stockholders of Clearwire Corporation (CLWR), protested the decision of the Clearwire Board of Directors to adjourn the Clearwire special meeting to consider Sprint's (S) increased offer price of $3.40 per share. Crest said that it has sent a letter to the Clearwire Board of Directors urging them to resist Sprint's new offer so that Clearwire can pursue direct offers through a competitive process once the bidding war over Sprint is concluded. Crest's letter to the Clearwire Board said, "Sprint's new offer for Clearwire still significantly undervalues Clearwire and its assets and provides no protections to minority stockholders." | | | 12:11 EDT |  | CLWR | Follow-up: Clearwire upgraded to Market Perform from Sell at Janco
Subscribe for More Information | | | 12:08 EDT | | CLWR | Clearwire upgraded to Market Perform from Sell at Janco
| | | 10:24 EDT |  | CLWR | Sprint, Clearwire deal likely gets done, says Wells Fargo
Wells Fargo believes Sprint's (S) raised offer for Clearwire (CLWR) is likely enough to get the deal approved by shareholders. Wells has an Outperform rating on Sprint and Market Perform rating on Clearwire. | | | 09:48 EDT | | CLWR | Clearwire resumes trading, up 3.7% to $3.38
Subscribe for More Information | | | 09:32 EDT | | CLWR, S | Clearwire to resume trading at 9:45 am ET
Subscribe for More Information | | | | 09:23 EDT | | CLWR, S | Clearwire receives increase offer from Sprint
Clearwire (CLWR) confirmed that it has received a revised offer from Sprint (S) to acquire the approximately 50% stake in the company it does not currently own for $3.40 per share. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Special Committee of the Clearwire board will review this revised proposal from Sprint. | | | 09:22 EDT | | CLWR, S | Clearwire receives increase offer from Sprint
Subscribe for More Information | | | 09:03 EDT | | CLWR, S | Sprint increases offer for Clearwire to $3.40 per share from $2.97
Subscribe for More Information | | | 09:01 EDT | | CLWR, S | Sprint increases offer for Clearwire to $3.40 per share
Subscribe for More Information | | | 08:57 EDT | | S, CLWR | Sprint to raise bid for Clearwire above $2.97 prior offer, DJ says
Subscribe for More Information | | | 08:55 EDT | | CLWR | Clearwire trading halted, pending news
Subscribe for More Information | | | 06:03 EDT |  | S, CLWR | Clearwire to postpone today's vote on Sprint deal, NY Post reports
Clearwire (CLWR) will postpone today's shareholder vote on Sprint's (S) $2.97 per share takeover offer, New York Post reports. Reference Link | | | 05:40 EDT | | S | Softbank confirms waiver, expects Sprint deal to close in six weeks
Subscribe for More Information | | | 05:31 EDT | | S | DISH, Sprint to engage in talks
Subscribe for More Information | | | 05:23 EDT | | S | Sprint provides transaction update
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