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Stock Market & Financial Investment News

News Breaks
February 4, 2013
18:58 EDTCLDX, SIMO, YUM, OGXI, HOLX, THO, IDIX, BIDUOn The Fly: After Hours Movers
UP AFTER PRELIMINARY EARNINGS: Thor Industries (THO), up 3.7% after preliminary Q2 revenue beats estimates... DOWN AFTER EARNINGS: Yum! Brands (YUM), down 5.4% after cutting its FY13 EPS view, reporting Q4 China SSS down 6%... Baidu (BIDU), down 5.2%... Hologic (HOLX), down 4.1%... Silicon Motion (SIMO), down 10.9% after reporting Q4 earnings and saying it sees Q1 revenue own 15%-25% sequentially... ALSO LOWER: Idenix (IDIX), down 5.9% after announcing it had discontinued clinical development for a hepatitis C treatment... OncoGenex (OGXI), down 3.3% after disclosing the resignation of its CFO... Celldex (CLDX), down 3.3% after filing to sell $75M in common stock.
News For THO;YUM;BIDU;HOLX;SIMO;IDIX;OGXI;CLDX From The Last 14 Days
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July 1, 2015
16:34 EDTSIMOSilicon Motion sees Shannon Systems acquisition slightly accretive to 2H15 EPS
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11:11 EDTYUMAnalyst says Yum! Brands could create value with China spin-off
There is a good chance that Yum! Brands could spin off its China business, adding value to its stock, UBS wrote in a note to investors earlier today. WHAT'S NEW: Activist investors will probably push Yum! to take steps to enhance its value and one of the moves the company is most likely to make is spinning off its China business, UBS analyst Keith Siegner wrote in a note to investors today. Following the spin-off of the China business, the rest of Yum, dubbed "Yum Global" by the analyst, could increase its leverage to 5-6 times and use the proceeds for share repurchases, Siegner believes. Meanwhile, the China business, which he calls "Yum China," would be a direct play on the growth of the Chinese middle class via a company that uses Western accounting standards, the analyst stated. Siegner believes that Yum Global's profits will grow by around low teen percentage levels, while those of Yum China will expand at a high teens/low twenties percentage rate. The analyst estimated that Yum Global would be worth $76 per share and Yum China would be worth $40 per share, leading him to increase his price target on Yum's current shares to $116 from $100. He kept a Buy rating on the stock. PRICE ACTION: In morning trading, Yum rose 1.5% to to $91.40.
08:07 EDTCLDXCelldex appoints Richard Wright as Chief Commercial Officer
Celldex Therapeutics announced the promotion of Richard Wright, Ph.D. to SVP and the newly created position of Chief Commercial Officer. Dr. Wright was previously Vice President of Commercial Operations at Celldex and brings nearly 25 years of industry experience, including the commercialization of six successful drug therapies. As Chief Commercial Officer, Dr. Wright is responsible for developing global business strategy and building the infrastructure required to support commercialization of Celldex's cancer immunotherapy pipeline.
07:36 EDTYUMYum! Brands potential China separation an important catalyst, says UBS
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June 30, 2015
06:55 EDTBIDUBaidu to invest roughly $3.2B in offline-to-online unit, TechCrunch reports
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June 29, 2015
08:26 EDTCLDXCelldex announces independent DSMB recommends continuation of Rintega study
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June 22, 2015
06:09 EDTBIDUHK opens door to Alibaba and others to to return 'home', Financial Times says
Hong Kong's stock exchange has opened the door to Alibaba (BABA) listing on its home market, reports the Financial Times. The xchange said it would re-examine its current bar on China-based companies having a secondary listing of their shares in the city. The move could permit groups like Alibaba, Baidu (BIDU), and JD.com (JD) to return "home" via secondary listings." Reference Link

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