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Stock Market & Financial Investment News

News Breaks
January 4, 2013
16:35 EDTAAMRQ, FINL, SIMG, LCC, SVU, ARAY, APKTOn 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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March 2, 2015
07:31 EDTARAYAccuray announces first patient treatment using CyberKnife M6 completed
Accuray announced that the first patient treatment has been completed using the CyberKnife M6 System with the InCise Multileaf Collimator. The treatment was administered as a multidisciplinary effort between Dr. Steven Burton from the Department of Radiation Oncology and Dr. Johnathan Engh from the Department of Neurosurgery at UPMC in Pittsburgh, Pennsylvania. UPMC was one of the InCise MLC evaluation sites working in collaboration with Accuray.
05:35 EDTSIMGLattice Semiconductor announces expiration of HSR waiting period for acquisition
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February 17, 2015
13:08 EDTARAYAccuray licenses validate competitiveness, says Brean Capital
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13:04 EDTARAYAccuray says 16 hospitals in China awarded class A user licenses
Accuray announced earlier today that class A user licenses for Accuray products were awarded to 16 hospitals during February by the Chinese National Health and Family Planning Commission. TomoTherapy System licenses were received by 12 hospitals and CyberKnife System licenses were received by four hospitals. Of the 16 licenses just issued, Accuray believes that six licenses will allow orders already in backlog to be recognized as revenue in the near future and 10 licenses are expected to lead to new system orders entered into backlog in the coming months. In total, between 2013 and year to date 2015, the NHFPC has released 32 of its planned 60 licenses.

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