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Stock Market & Financial Investment News

News Breaks
August 21, 2014
09:07 EDTWUBA, AMPE, KIN, AUXL, MCC, SSI, ISIL, IFNNY, SMTC, GES, KIRK, SHLDOn The Fly: Pre-market Movers
HIGHER: Semtech (SMTC), up 3.4% after Bloomberg says that the Infineon (IFNNY) deal positions Intersil (ISIL) and Semtech for good fortune... Auxilium (AUXL), up 3.8% after announcing positive data from Phase 2a study of CCH with cellulite. DOWN AFTER EARNINGS: Sears (SHLD), down 2.6%... Kirkland's (KIRK), down 9.4%... Stage Stores (SSI), down 7%... 58.com (WUBA), down 8.8%. ALSO LOWER: Guess (GES), down 4.2% after disclosing resignation of Chief Design Officer... Medley Capital (MCC), down 2.5% after filing to sell 5M shares of common stock... Kindred Biosciences (KIN), down 28.1% after reporting that the company's pivotal field study of CereKin did not meet its primary endpoint... Ampio (AMPE), down 18.5% after delaying data analysis of STEP Study due to temperature deviations...
News For SHLD;KIRK;GES;SMTC;IFNNY;ISIL;SSI;MCC;AUXL;KIN;AMPE;WUBA From The Last 14 Days
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October 20, 2014
17:33 EDTAUXLAuxilium announces XIAFLEX approved for treatment of up to two DC joints
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16:20 EDTSHLDOn The Fly: Closing Wrap
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16:00 EDTSHLDOptions Update; October 20, 2014
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15:07 EDTSHLDSears Holdings November volatility elevated on sharp rally
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10:11 EDTSHLDSears comments on rights offering, Primark deal in blog entry
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07:24 EDTSHLDSears board approves rights offering
Sears announced that the company’s board of directors has approved a rights offering allowing its stockholders to purchase up to $625M in aggregate principal amount of 8% senior unsecured notes due 2019 and warrants to purchase shares of its common stock. This rights offering will generate up to an additional $625M in proceeds, if it is fully subscribed and closes as planned, with the proceeds to be used for general corporate purposes. The subscription rights will be distributed to all stockholders of record of the company, and every stockholder will have the right to participate on the same terms in accordance with its pro rata ownership of the company’s common stock, except that holders of the company’s restricted stock that is unvested as of the record date are expected to receive cash awards in lieu of subscription rights. In the rights offering, the company anticipates that holders of its common stock, other than holders of restricted stock that is unvested, will receive subscription rights on a pro rata basis based on shares of common stock held at the close of business on October 30, the record date for the rights offering. Each subscription right will entitle the holder thereof to purchase, at a subscription price equal to the principal amount of each note, one unit, consisting of an 8% senior unsecured note due 2019 in a principal to be determined and a number of warrants equal to that principal amount divided by the strike price for the warrants, with each warrant entitling the holder thereof to purchase one share of the company’s common stock at a strike price of $28.41, the closing market price on October 17. The warrants will be exercisable for a period of five years following the offering. Upon the closing of the rights offering, the components of the units will immediately separate from one another such that the senior unsecured notes and warrants will constitute separate securities and will be transferable separately. The subscription rights will be transferable and are expected to be listed and traded on the NASDAQ. The senior unsecured notes will be transferable but will not be listed for trading on any exchange. The warrants will be transferable, and the company intends to apply to list the warrants for trading on the NASDAQ. Holders of subscription rights who fully exercise all of their subscription rights may also make a request to purchase additional units through the exercise of an over-subscription privilege, although we cannot assure investors that any over-subscriptions will be filled.
06:15 EDTSHLDSears files automatic mixed securities shelf
06:07 EDTSHLDSears enters into lease agreement with Primark for seven standalone stores
Sears Holdings announced that it has entered into lease agreements with Primark for seven standalone stores. Sears will continue to have a significant presence in six of these locations with a streamlined store format of up to 100,000 selling square feet at each store. Pursuant to the terms of such agreements and subject to customary conditions, Primark will lease from Sears Holdings a total of approximately 520,000 gross square feet of retail space in mall-based stores located in the Northeastern United States. The space is expected to be delivered to Primark over the next 12 to 18 months.
October 17, 2014
17:31 EDTSHLDESL Partners, affiliates acquire 17.74M common shares of Sears Canada
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09:17 EDTAMPEOn The Fly: Pre-market Movers
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06:11 EDTWUBA58.com invests $20M for minority stake in Edaijia
58.com announced that it has entered into a definitive agreement to invest $20M for a minority equity stake in Edaijia. Edaijia, which in English means "E-designated driver," is a platform for mobile-based designated driver services in China. The closing of this transaction is subject to customary closing conditions. This transaction is expected to close in late October.
October 16, 2014
18:36 EDTAMPEOn The Fly: After Hours Movers
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16:07 EDTAMPEAmpio announces results of open label portion of multiple injections study
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October 15, 2014
07:32 EDTSHLDSears announces EVP Ronald Boire appointed CEO of Sears Canada
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06:33 EDTSHLDSears apologizes for swastika ring listing on online marketplace
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October 13, 2014
12:33 EDTSHLDOptions with increasing implied volatility
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10:08 EDTIFNNYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Bankrate (RATE) downgraded to Equal Weight from Overweight at Stephens... CME Group (CME) downgraded to Market Perform from Outperform at Wells Fargo... Cliffs Natural (CLF) downgraded to Neutral from Overweight at JPMorgan... Dana Holding (DAN) downgraded to Sector Perform from Outperform at RBC Capital... Darden (DRI) downgraded to Neutral from Overweight at Piper Jaffray... Dover (DOV) downgraded to Neutral at RW Baird... DryShips (DRYS) downgraded to Underperform from Outperform at Imperial Capital... Infineon (IFNNY) downgraded to Neutral from Overweight at JPMorgan... J.C. Penney (JCP) downgraded to Sell from Neutral at UBS... Johnson Controls (JCI) downgraded to Outperform from Top Pick at RBC Capital... Juniper (JNPR) downgraded to Hold from Buy at Argus... Kennametal (KMT) downgraded to Market Perform from Outperform at Wells Fargo... Masco (MAS) downgraded to Equal Weight from Overweight at Barclays... New Gold (NGD) downgraded to Neutral from Overweight at JPMorgan... ON Semiconductor (ONNN) downgraded to Sector Perform from Outperform at Pacific Crest... PBF Energy (PBF) downgraded to Underweight from Equal Weight at Barclays... Parker-Hannifin (PH) downgraded to Market Perform from Outperform at Wells Fargo... STMicroelectronics (STM) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Sector Perform at Pacific Crest... VOXX International (VOXX) downgraded to Market Perform from Outperform at Cowen.
10:06 EDTSHLDJ.C. Penney rises after selecting Home Depot executive as next CEO
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06:41 EDTAUXLEndo upgraded to Hold from Sell at Cantor
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05:28 EDTIFNNYInfineon downgraded to Neutral from Overweight at JPMorgan
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