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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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June 29, 2015
09:04 EDTSSprint launching Direct 2 You service in New York, LA, San Francisco, Denver
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June 25, 2015
06:37 EDTSInternet Patents subsidiary awarded $30M in damages against Sprint Spectrum
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June 23, 2015
18:43 EDTSSprint CTO Stephen Bye to depart July 24, FierceWireless says
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