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Stock Market & Financial Investment News

News Breaks
December 17, 2012
16:30 EDTS, CLWR, CBOU, VVUS, CPWR, ENDOn 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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October 31, 2014
09:11 EDTSSprint expanding leasing program to include Samsung Galaxy S5, Galaxy S5 Sport
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05:21 EDTSSprint names Junichi Miyakawa as Technical COO
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October 30, 2014
10:02 EDTSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ally Financial (ALLY) upgraded to Buy from Hold at Deutsche Bank... Banco Bradesco (BBD) upgraded to Overweight from Neutral at JPMorgan... Cree (CREE) upgraded to Neutral from Underperform at BofA/Merrill... Finish Line (FINL) upgraded to Overweight from Neutral at Piper Jaffray... Grand Canyon (LOPE) upgraded to Overweight from Neutral at Piper Jaffray... Hess Corp. (HES) upgraded to Outperform from Sector Perform at Howard Weil... Ignite Restaurant (IRG) upgraded to Market Perform from Underperform at Raymond James... Lowe's (LOW) upgraded to Buy from Neutral at Goldman... MakeMyTrip (MMYT) upgraded to Buy from Hold at Deutsche Bank... MicroStrategy (MSTR) upgraded to Overweight from Equal Weight at First Analysis... Moelis (MC) upgraded to Positive from Neutral at Susquehanna... PG&E (PCG) upgraded to Neutral from Sell at Goldman... RF Micro Devices (RFMD) upgraded to Buy at Canaccord... Ruckus Wireless (RKUS) upgraded to Equal Weight from Underweight at Morgan Stanley... STMicroelectronics (STM) upgraded to Neutral from Sell at UBS... Sealed Air (SEE) upgraded to Market Perform from Underperform at Wells Fargo... Software AG (STWRY) upgraded to Neutral from Underweight at JPMorgan... Southwest (LUV) upgraded to Neutral from Underweight at JPMorgan... Sprint (S) upgraded to Neutral from Underperform at Credit Suisse... SunPower (SPWR) upgraded to Buy from Hold at Canaccord... Take-Two (TTWO) upgraded to Buy from Hold at Brean Capital... TriQuint (TQNT) upgraded to Buy at Canaccord... Visa (V) upgraded to Outperform from Market Perform at FBR Capital... Whiting Petroleum (WLL) upgraded to Overweight from Equal Weight at Stephens.
08:44 EDTSSprint November weekly volatility elevated into Q3
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06:30 EDTSSprint upgraded, Softbank could buy remaining shares, says Credit Suisse
As previously reported, Credit Suisse upgraded Sprint (S) to Neutral from Underperform with a $6 price target. The firm upgraded shares based on a more reasonable valuation and expects net adds to turn positive in Q4. Additionally, the analyst speculates Softbank could use the recent cash from the Alibaba (BABA) IPO to acquire the remaining 20% of Sprint it doesn't already own.
06:19 EDTSSprint upgraded to Neutral from Underperform at Credit Suisse
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October 29, 2014
06:00 EDTSStocks with implied volatility movement; S AEO
Stocks with implied volatility movement; Sprint American (S) 53, American Eagle (AEO) 48 according to iVolatility.
October 27, 2014
06:20 EDTSAT&T to lock Apple's SIM cards to its network on new iPads, WSJ reports
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October 24, 2014
12:38 EDTSFCC delays incentive auction until early 2016
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October 23, 2014
16:35 EDTCPWRCompuware reports Q2 EPS 9c, consensus 7c
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October 21, 2014
10:03 EDTCPWRCompuware announces distribution ratios for Covisint spin-off
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October 20, 2014
13:53 EDTSEarnings Preview: Verizon sentiment mixed ahead of Q3 report
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11:49 EDTSSprint to offer iPad Air 2, iPad mini 3
Sprint (S) announced that it will offer iPad Air 2 with Wi-Fi + Cellular (AAPL) and iPad mini 3 with Wi-Fi + Cellular later this week. iPad Air 2 is the first tablet from Apple to connect to Sprint Spark, an enhanced LTE service with the added capacity to greatly improve the performance of video and other bandwidth-intensive applications. iPad mini 3 will connect to Sprintís 4G LTE network. Customers can add iPad Air 2 or iPad mini 3 to their Sprint Family Share Pack for an access charge of $10 per month per line. Through December 2015, Sprint will waive the $10 monthly access charge on iPad Air 2 or iPad mini 3 added as new lines of service to any Sprint Family Share Pack 20GB or higher.
October 19, 2014
14:39 EDTSSprint job cuts include 452 at Kansas headquarters, Bloomberg says
According to a filing yesterday with the Kansas Department of Commerce, the job cuts at Sprint that were announced earlier this month, will include 452 positions in Overland Park, Kansas, where the company is headquartered, says Bloomberg. Reference Link

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