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Stock Market & Financial Investment News

News Breaks
July 8, 2014
09:15 EDTANR, IPCI, MIC, WLT, CGI, TXMD, NURO, TFM, GRPN, ABBV, SHPGOn The Fly: Pre-market Movers
HIGHER: Shire (SHPG), up 1% after AbbVie (ABBV) raises buyout offer for fourth time, to GBP 22.44 in cash and 0.8568 AbbVie shares per Shire share. AbbVie shares down about 1% in pre-market trading following the news... Groupon (GRPN), up 5.7% after upgraded at B. Riley... TherapeuticsMD (TXMD), up 21.8% after FBR Capital initiated the stock with an Outperform rating and $34 price target... NeuroMetrix (NURO), up 45% after wearable technology for treatment of chronic pain cleared by FDA... Celadon Group (CGI), up 7% after upgraded at Stifel... Macquarie Infrastructure (MIC), up 6.3% after acquiring remainder of IMTT for $1.025B in cash, stock. LOWER: Intellipharmaceutics (IPCI), down 10% after Q2 earnings lower than expected... The Fresh Market (TFM), down 6.6% after downgraded at Goldman... Walter Energy (WLT), down 4%, Alpha Natural (ANR), down 1%, after coal sector estimates lowered at Morgan Stanley.
News For SHPG;ABBV;GRPN;TFM;NURO;TXMD;CGI;WLT;MIC;IPCI;ANR From The Last 14 Days
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September 23, 2014
13:44 EDTABBV, SHPGISI Group to hold a webinar
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12:11 EDTABBV, SHPGOn The Fly: Midday Wrap
Stocks on Wall Street were mixed and little changed at midday, amid new rules from the Obama administration on tax inversions and manufacturing data from around the globe. ECONOMIC EVENTS: In the U.S., the FHFA's home price index rose 0.1% in July to 212.7, missing expectations for a rise of 0.5%. Markit's preliminary manufacturing Purchasing Managers' Index for September came in at 57.9, slightly below the consensus forecast for a 58.0 reading. The Richmond Fed manufacturing index for September rose to 14, beating expectations for it to have dropped two points to 10. In China, HSBC's flash manufacturing Purchasing Managers' Index rose to 50.5 from a final reading of 50.2 in August, better than expectations. In Europe, Markit's composite flash PMI for the eurozone dipped to a nine-month low of 52.3, missing expectations for it to hold steady at the 52.5 seen in August. COMPANY NEWS: Shares of several companies, including a number in the pharmaceutical industry, are lower in early trading after the Treasury Department announced new regulations yesterday night that aim to make it tougher for U.S. companies to lower their tax burdens via mergers with foreign companies, otherwise known as "inversions." Among the stocks that moved lower after the new rules were announced was Astrazeneca (AZN), which had previously been a target of Pfizer (PFE) and fell about 4% near midday. Also lower were shares of both Shire (SHPG), which fell 2%, and Abbvie (ABBV), which dropped 1.6%, as the two have previously agreed to merge in a tax inversion deal. Medtronic (MDT) and Covidien (COV), which similarly agreed to an inversion merger, were down 3.3% and 2.7%, respectively. MAJOR MOVERS: Among the notable gainers was Salix Pharmaceuticals (SLXP), which rose more than 5% after The Wall Street Journal reported that Allergan (AGN) is in advanced talks on a deal to buy the company. Shares of Allergan were also up nearly 3% near midday, as the Journal also reported that Allergan rejected a recent buyout offer from Actavis (ACT). Among the noteworthy losers was Ascena Retail (ASNA), which dropped 16% after the apparel retailer's fourth quarter results and fiscal 2015 profit outlook trailed analysts' consensus estimates. Also lower following its own earnings report was auto retailer CarMax (KMX), which fell over 9%. INDEXES: Near midday, the Dow was down 32.91, or 0.19%, to 17,139.77, the Nasdaq was up 2.90, or 0.06%, to 4,530.59, and the S&P 500 was down 2.29, or 0.11%, to 1,992.00.
10:54 EDTABBV, SHPGStocks, analysts react to Treasury inversion crackdown
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09:25 EDTGRPNGroupon expands Deal Builder tool for merchants
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09:20 EDTSHPGShire shares defended at CRT Capital
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09:13 EDTABBVOn The Fly: Pre-market Movers
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08:03 EDTABBVAbbVie to present several oncology pipeline studies
AbbVie announced that data from several clinical studies evaluating potential new medicines in the company's oncology pipeline will be presented at the upcoming 2014 European Society of Medical Oncology Annual Congress, September 26-30, in Madrid, Spain. Data being presented include results from a Phase 2 study evaluating the safety and efficacy of veliparib, or ABT-888, a poly polymerase inhibitor, in combination with two broad-acting chemotherapeutic medicines in patients with non-small cell lung cancer. Results from a Phase 1 study of ABT-414 in patients with newly diagnosed glioblastoma multiforme will also be presented during an oral presentation. Reference Link
September 22, 2014
16:00 EDTWLTOptions Update; September 22, 2014
iPath S&P 500 VIX Short-Term Futures up 91c to 28.14. Option volume leaders: AAPL TSLA NFLX C TWTR AMZN BP PBR CLF WLT according to Track Data.
September 19, 2014
14:04 EDTTFMThe Fresh Market upgraded to Peer Perform from Underperform at Wolfe Research
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14:00 EDTANRAlpha Natural selects Plum Energy to supply LNG, producing fuel savings
Alpha Natural Resources announced that Plum Energy will construct a liquefied natural gas, or LNG, plant on property adjacent to Alpha Coal West Inc.'s Eagle Butte Mine, near Gillette, Wyoming. The Plum Energy facility will supply LNG to Alpha Coal West's mine haul vehicles, producing cost efficiencies and fuel savings for its mining operations. Alpha Coal West expects the alterations to the trucks to be completed by the end of 2014. Plum Energy's LNG plant at the Eagle Butte Mine, scheduled to come online in March 2015, will be able to produce 28,500 gallons of LNG a day. In addition, Plum Energy has designed an LNG refueling station that will be constructed on-site at Eagle Butte, which will be capable of refueling eight trucks simultaneously. Alpha Coal West's demand for LNG is expected to be about 6,400 gallons a day to fuel its trucks. As the plant grows, excess product can be sold to other companies in the area as they convert their haul trucks and other equipment to the lower emission and cost-efficient LNG.
09:22 EDTGRPNGroupon has several upcoming catalysts, says Sterne Agee
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06:05 EDTWLTStocks with implied volatility movement; WLT PBR
Stocks with implied volatility movement; Walter Energy (WLT) 113, Walter Energy Petrobras (PBR) 64 according to iVolatility.
September 18, 2014
16:00 EDTWLTOptions Update; September 18, 2014
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14:14 EDTWLTWalter Energy volatility elevated on wide price movement
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11:15 EDTABBVRepros sinks after panel backs tests for testosterone therapies
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06:10 EDTABBVFDA panel votes 20-1 to study changes to testosterone therapies
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05:50 EDTWLTStocks with implied volatility movement; WLT GPRO
Stocks with implied volatility movement; Walter Energy (WLT) 86, GoPro (GPRO) 95 according to iVolatility.
September 17, 2014
16:00 EDTWLTOptions Update; September 17, 2014
iPath S&P 500 VIX Short-Term Futures down 24c to 27.63. Option volume leaders: AAPL TSLA BAC TWTR AMZN X WLT KO PBR according to Track Data.
07:43 EDTSHPGBofA/Merrill to hold a conference
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September 16, 2014
11:51 EDTSHPGOECD looks to close tax loopholes with new proposals
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