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Stock Market & Financial Investment News

News Breaks
August 8, 2014
08:21 EDTCECO, CSC, MELI, LULU, MNST, MGA, SCTYOptions expected to be active
Options expected to be active: SCTY LULU CSC CBS MGA MELI CECO NVDA MNST DV ZNGA GPS DRC
News For SCTY;LULU;CSC;MGA;MELI;CECO;MNST From The Last 14 Days
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May 19, 2015
19:06 EDTCSCOn The Fly: After Hours Movers
UP AFTER EARNINGS: Computer Sciences (CSC), up 5%... NQ Mobile (NQ), up 1.4%. ALSO HIGHER: Sarepta Therapeutics (SRPT), up 38.9% after announcing plans for rolling eteplirsen NDA... LendingClub (LC), up 2.8% after being upgraded to Overweight from Equal Weight at Morgan Stanley. DOWN AFTER EARNINGS: Keysight Technologies (KEYS), down 3.1%... Autodesk (ADSK), down 2.1%. ALSO LOWER: Cimarex Energy (XEC), down 4% after filing to sell 6M shares of common stock... Norwegian Cruise Line (NCLH), down 2.5% after filing to sell 20M ordinary shares for holders... Achillion Pharmaceuticals (ACHN), down 3.2% following collaboration for HCV with Janssen.
17:28 EDTCSCCSC sees FY16 revenue flat to down slightly, consensus $11.98B
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16:30 EDTCSCCSC sees FY16 EPS view of $4.75-$5.05, consensus $$4.80
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16:24 EDTCSCCSC says separation into two companies will not require shareholder vote
Computer Sciences Corporation announced that its Board of Directors has unanimously approved a plan to separate the company into two publicly traded, pure-play leaders: one to serve commercial and government clients globally and one to serve public sector clients in the U.S. The separation is intended to qualify as a tax-free transaction to CSC shareholders. Immediately following the separation, which is expected to be completed by the end of October 2015, CSC shareholders will own shares of both CSC – Global Commercial and CSC – U.S. Public Sector. Completion of the separation will not require a shareholder vote but will be subject to customary conditions, including final approval of the CSC Board of Directors, the receipt of a favorable opinion from counsel with respect to the tax-free nature of the transaction, and the effectiveness of a Form 10 filing with the U.S. Securities and Exchange Commission.
16:21 EDTCSCCSC plans to seperate into two companies, to pay $10.50 per share cash dividend
Computer Sciences Corporation announced that its Board of Directors has unanimously approved a plan to separate the company into two publicly traded, pure-play leaders: one to serve commercial and government clients globally and one to serve public sector clients in the U.S. Concurrent with the separation, CSC intends to pay a special cash dividend to shareholders of $10.50 per share at closing, which is expected by October 2015. “CSC began its turnaround three years go,” said CEO Mike Lawrie. “That turnaround has progressed strongly, and our focus now turns to positioning the business for long-term growth and leadership. The best way to accelerate that transformation is by separating the company into two businesses, each uniquely positioned to lead its market by focusing strongly on the needs of its clients.”
16:17 EDTCSCCSC reports Q4 EPS $1.26, consensus $1.20
Reports Q4 revenue $2.9B, consensus $2.96B.
15:00 EDTCSCNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Analog Devices (ADI), consensus 72c... Autodesk (ADSK), consensus 28c... Computer Sciences Corporation (CSC), consensus $1.20... Qihoo 360 Technology (QIHU), consensus 49c... Keysight Technologies (KEYS), consensus 65c... Nordson (NDSN), consensus 86c... ViaSat (VSAT), consensus 42c... Dycom Industries (DY), consensus 37c.
14:58 EDTCSCCSC technical comments ahead of earnings
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07:43 EDTMELIJPMorgan to hold a conference
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May 18, 2015
17:08 EDTCECOBlum Capital Partners lowers stake in Career Education to 4.9% from 5.8%
15:25 EDTSCTYSolarCity management to meet with JPMorgan
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May 15, 2015
17:15 EDTCSCPaulson & Co. gives quarterly update on stakes
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12:47 EDTLULUAppeals court dismisses lululemon yoga pants lawsuit, Reuters reports
A lawsuit accusing lululemon of defrauding shareholders by failing to reveal the sheerness of its black Luon yoga pants has been properly dismissed by a U.S. appeals court, Reuters reports. The court ruled that "Insofar as the defendants are alleged to have omitted information from Lululemon's corporate website, filings with the SEC, press releases, or investor calls, the has failed adequately to plead with particularity that these omissions rendered the defendants' statements inaccurate, incomplete, or misleading or that the defendants were otherwise under a duty to disclose such information." Reference Link
10:55 EDTSCTY, CSCJANA Partners gives quarterly update on stakes
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May 14, 2015
14:49 EDTCSCCSC break-up would be logical step, says Wells Fargo
Wells Fargo said a separation of Computer Sciences' government and commercial business units, as Reuters reported that the company plans to announce, would be a logical step for the company's "investor friendly" management to take. However, the firm believes CSC is still challenged to grow in both arms of the business and keeps a Market Perform rating on the stock.
14:11 EDTCSCCSC to break up commercial and government business units, Reuters says
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13:38 EDTCSCCSC split plans may be announced next week, Reuters says
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13:37 EDTCSCCSC plans break up into two companies, Reuters reports
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11:06 EDTLULUOptions with increasing implied volatility
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08:16 EDTCECOCareer Education: David Devonshire submits resignation from board due to health
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