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Stock Market & Financial Investment News

News Breaks
December 3, 2012
09:01 EDTSVU, DECK, DELL, DF, MYGN, HMA, YHOOOn The Fly: Pre-market Movers
HIGHER: Supervalu (SVU), up 11% after WSJ report on Cerberus' options in potential deal... Deckers Outdoor (DECK), up 9% after Sterne Agee upgrade, Jefferies' positive comments... Dell (DELL), up 5% after upgrade to Buy from Sell at Goldman... Dean Foods (DF), up 5% after sale of Morningstar Foods unit for $1.45B... LOWER: Myriad Genetics (MYGN), down 4% after Supreme Court ruling, downgrades at Goldman and Mizuho... Health Management (HMA), down 3% after negative "60 Minutes" report... Yahoo! (YHOO), down 2% after reporting $2.7B non-final judgment in lawsuit in Mexico...
News For SVU;DECK;DELL;DF;MYGN;HMA;YHOO From The Last 14 Days
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October 13, 2014
13:10 EDTYHOOGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
12:13 EDTYHOOYahoo upgraded as BGC sees higher chances for tax efficient monetization
Research firm BGC Partners upgraded its rating on Yahoo (YHOO) to Buy from Hold, saying that the chances of the company monetizing its assets in a more tax efficient manner have increased now that Alibaba (BABA) has come public. Among the possible scenarios, Yahoo may be acquired by Alibaba, the firm added. WHAT'S NEW: Yahoo's chances of paying a relatively low tax rate on the sale of its stakes in Alibaba and Yahoo Japan, a Japanese Internet company, have risen, BGC Financial analyst Colin Gillis stated. Yahoo could owe up to $15B of taxes on its sale of the assets, the analyst estimated. If Yahoo pays full tax liability, its stakes would be worth $43.5B. If it pays no taxes, the assets would be worth $58.5B, he estimated. Gillis set his price target on Yahoo at $50, representing the midpoint of the two scenarios, he stated. Among various scenarios that could play out, Alibaba could choose to buy Yahoo and subsequently unload Yahoo's core business and the American company's stake in Yahoo Japan, the analyst said. Yahoo shareholders could receive cash and shares of Alibaba as part of such a deal, Gillis stated. If Yahoo is not acquired by Alibaba, the American company should combine with AOL (AOL), as recently proposed by activist investor Starboard Value, Gillis contended. Merging with AOL could accelerate Yahoo's revenue growth by over 50% and increase its EBITDA by over 35%, Gillis estimated. PRICE ACTION: In early afternoon trading, Yahoo fell 1% to $39.18.
10:08 EDTYHOOOn The Fly: Analyst Upgrade Summary
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09:28 EDTYHOOYahoo upgraded to Buy from Hold at BGC Financial
BGC Financial analyst Colin Gillis upgraded his rating on Yahoo (YHOO) shares to Buy saying the company's remaining assets should get monetized in a more tax efficient manner now that Alibaba (BABA) is public. Gillis also points out that Alibaba could see benefits from acquiring Yahoo. He raised his price target for Yahoo shares to $50 from $37.
October 9, 2014
14:54 EDTMYGNCapital World Investors reports 10.5% passive stake in Myriad Genetics
14:37 EDTYHOOYahoo looking to make Tumblr another YouTube, Business Insider says
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October 8, 2014
16:09 EDTMYGNMyriad Genetics appoints former LabCorp executive Riggsbee as CFO
Myriad Genetics (MYGN) announced the appointment of R. Bryan Riggsbee as executive vice president, CFO, and Treasurer effective October 16. Jim Evans will continue in his role as CFO through the transition to Riggsbee, the company stated. Riggsbee most recently served as the senior vice president, Corporate Finance at Laboratory Corporation of America (LH).
06:19 EDTYHOOYahoo lays off 400 employees in India, WSJ reports
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October 7, 2014
10:02 EDTYHOOYahoo volatility at low end of one-year range
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09:40 EDTYHOOYahoo lays off up to 2,000 employees in India, TechCrunch reports
Yahoo has laid off up to 2,000 employees in India as a result of a move to consolidate into fewer offices, TechCrunch reports, citing local blog The Next Big What. Yahoo has confirmed the consolidation, but did not confirm how many people are affected by the effort. Reference Link
09:24 EDTYHOOFormer Yahoo CFO says AOL merger makes 'little sense,' CNBC reports
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07:44 EDTDECKDeckers Outdoor well positioned for second half, says Canaccord
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October 6, 2014
16:32 EDTDFDean Foods names Ralph Scozzafava as EVP, Chief Commercial Officer
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13:18 EDTYHOOYahoo confirms compromised servers
In an email to cyber security expert Jonathan Hall, Yahoo confirmed that Hall had discovered the process that a group of Romanian hackers used to infiltrate the website. Hall had also found the hackers' methods for their breach of the websites of WinZip and Lycos. The email written by Yahoo's Ricky Connell who is involved with the company's paranoids, threat response, intelligence said, "We've found the tracks mentioned in your email and are working through our IR process." Reference Link
12:34 EDTYHOOYahoo confirms breach, says hack didn't disclose customer data, Bloomberg says
Bloomberg cites an emailed statement from Yahoo about a breach of its servers related to the "shellshock" bug.
10:04 EDTDECKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded to Neutral from Overweight at Piper Jaffray... Air France-KLM (AFLYY) downgraded to Neutral from Buy at Citigroup... BAE Systems (BAESY) downgraded to Hold from Buy at Societe Generale... Buffalo Wild Wings (BWLD) downgraded to Neutral from Outperform at Wedbush... Church & Dwight (CHD) downgraded to Underweight from Equal Weight at Barclays... Colgate-Palmolive (CL) downgraded to Equal Weight from Overweight at Barclays... Deckers Outdoor (DECK) downgraded to Neutral from Overweight at Piper Jaffray... Delhaize (DEG) downgraded to Hold from Buy at Deutsche Bank... Fortinet (FTNT) downgraded to Equal Weight from Overweight at Morgan Stanley... McDonald's (MCD) downgraded to Equal Weight from Overweight at Morgan Stanley... Midcoast Energy (MEP) downgraded to Neutral from Buy at UBS... Mobileye (MBLY) downgraded to Market Perform from Outperform at Raymond James... Myers Industries (MYE) downgraded to Neutral from Buy at CL King... Nationstar (NSM) downgraded to Underperform from Market Perform at Keefe Bruyette... PTC Therapeutics (PTCT) downgraded to Market Perform at Cowen... PetSmart (PETM) downgraded to Equal Weight from Overweight at Barclays... Qlik Technologies (QLIK) downgraded to Equal Weight from Overweight at Morgan Stanley... Subsea 7 (SUBCY) downgraded to Neutral from Outperform at Exane BNP Paribas... Tekmira (TKMR) downgraded to Market Perform from Outperform at ... XL Group (XL) downgraded to Market Perform from Outperform at FBR Capital... Xoom (XOOM) downgraded to Underweight from Equal-Weight at Evercore.
06:44 EDTDECKDeckers Outdoor downgraded to Neutral from Overweight at Piper Jaffray
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06:37 EDTYHOOYahoo planning big brand marketing push, AdAge says
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06:08 EDTYHOOYahoo in talks to invest in Snapchat, WSJ reports
Yahoo (YHOO) is reportedly in talks to invest in Snapchat, the Wall Street Journal reported on Friday. The deal discussions come on the heels of Alibaba’s (BABA) IPO, the Journal says. According to sources, Yahoo has committed to an investment in Snapchat at a $10B valuation, and one source says Yahoo could invest around $20M. Reference Link
05:56 EDTDECKDeckers Outdoor downgraded to Neutral from Overweight at Piper Jaffray
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