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Stock Market & Financial Investment News

News Breaks
January 4, 2013
16:35 EDTSVU, FINL, APKT, LCC, AAMRQ, ARAY, SIMGOn The Fly: Closing Wrap
Stocks on Wall Street finished higher on the day, with the S&P 500 closing at its highest level since December 2007. Stocks opened the session mixed after a monthly jobs report that was in-line with expectations, but gained steadily through the session, with the averages hitting their highs during the final hour of trading, with the S&P and Dow finishing just off those levels... ECONOMIC EVENTS: In the U.S., the Labor Department said employers added 155,000 jobs in December, which was about in-line with estimates and near the average pace of job growth over the last year. The unemployment rate for November was upwardly revised to 7.8% and the Labor Department said the 7.8% rate carried over to December as well. Factory orders were flat in November, versus expectations for them to increase 0.4%. The December ISM non-manufacturing index, which measures services sector expansion or contraction, came in at 56.1, versus expectations for a 54.1 reading. Reports from the Energy Information Administration showed inventories of crude oil and natural gas both drew down more than expected last week... COMPANY NEWS: Supervalu (SVU) spiked higher following headlines from Dow Jones that said the company was close to a deal with private equity firm Cerberus Capital, and shares finished the day up 35c, or 13.51%, to $2.94... Finish Line (FINL) reported a break-even quarter and lowered its Q4 and FY12 outlooks, disappointing the Street and prompting downgrades from at least four analyst firms. Shares of Finish Line lost $1.58, or 8.30%, to $17.46 on the day... MAJOR MOVERS: Among notable gainers were shares of Acme Packet (APKT), up $2.56, or 11.97%, to $23.94 after the stock was upgraded to Buy from Hold at Stifel Nicolaus with the firm putting a $27 price target on shares. Also higher were shares of US Airways (LCC), up $1.07, or 7.83%, to $14.73 after the airline reported December traffic results and following a Wall Street Journal report last night that said AMR Corp. (AAMRQ) is close to finishing its evaluation of a proposed merger with the airline. Among the noteworthy losers were Accuray (ARAY), down $1.37, or 20.23%, to $5.41 following a downgrade to Underweight at JPMorgan after the company's negative Q2 pre-announcement. Also lower were shares of Silicon Image (SIMG), down 56c, or 10.85%, to $4.60 after the company cut its Q4 revenue view to $59M-$60M from $64M-$67M... INDICES: The Dow was up 43.85, or 0.33%, to 13,435.21; the Nasdaq was up 1.09, or 0.04%, to 3,101.66; the S&P 500 was up 7.10, or 0.49%, to 1,466.47.
News For SVU;FINL;APKT;LCC;AAMRQ;ARAY;SIMG From The Last 14 Days
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July 31, 2014
10:02 EDTSIMGOn The Fly: Analyst Upgrade Summary
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09:12 EDTSIMGSilicon Image upgraded to Buy from Hold at Needham
July 30, 2014
17:23 EDTSIMGSilicon Image sees 214 revenue fown 4%-8% vs. 2013
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17:22 EDTSIMGSilicon Image sees Q3 revenue $70M-$75M, consensus $75.9M
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17:21 EDTSIMGSilicon Image reports Q2 EPS 4c, consensus 4c
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July 28, 2014
16:47 EDTSIMGSilicon Image names Raymond Cook as CFO
Silicon Image announced the appointment of Raymond Cook as CFO effective July 28. Cook joins Silicon Image from STEC, recently acquired by HGST, a wholly owned subsidiary of Western Digital (WDC), where he served as executive VP and CFO for the last five years.
July 24, 2014
08:02 EDTSVUSuperValu reports Q1 continuing ops EPS 18c, consensus 17c
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July 22, 2014
11:38 EDTLCCUS Airways joins Delta in canceling all Israel flights, AP reports
US Airways (LCC) has joined Delta Air Lines (DAL) in canceling all flights to Israel, the Associated Press reports. United Airlines (UAL) has not commented on the status of its flights to Israel. Reference Link
07:38 EDTSVUSuperValu shares should be bought on any weakness, says Oppenheimer
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July 21, 2014
07:14 EDTARAYAmerican Association of Physicists in Medicine to hold annual meeting
56th Annual Meeting of AAPM to be held in Austin, Texas on July 20-25.

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