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Stock Market & Financial Investment News

News Breaks
August 11, 2014
09:06 EDTACHN, KMP, DF, PIP, TSLA, EPB, KMI, PCLN, MNKD, TWOU, KMR, SNY, SIGA, PEPOn The Fly: Pre-market Movers
HIGHER: PharmAthene (PIP), up 55% after announcing that a Delaware court awarded the company lump sum expectation damages for the value of its lost profits for SIGA Technologies' (SIGA) smallpox antiviral, Tecovirimat... MannKind (MNKD), up 19% after entering exclusive licensing agreement for development and commercialization of Afrezza inhaled insulin with Sanofi (SNY)... Kinder Morgan (KMI), up 19% after announcing it will acquire all of the outstanding equity securities of Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB)... Tesla (TSLA), up 2.7% following upgrade at Deutsche Bank... Achillion (ACHN), up 6% following upgrades at Wells Fargo and at Piper Jaffray... PepsiCo (PEP), up 0.9% following upgrade at UBS. LOWER: Dean Foods (DF), down 8.6% after reporting Q2 losses that were steeper than expected, saying balance of year "appears rocky," which makes it difficult to provide guidance beyond the immediate quarter... Priceline (PCLN), down 0.7% after reporting Q2 revenue that missed expectations, guiding Q3 EPS below consensus... SIGA Technologies, down 31% after ruling in suit with PharmAthene... 2U (TWOU), down 4.3% after downgraded at Goldman.
News For TSLA;PEP;MNKD;PIP;SIGA;PCLN;DF;SNY;KMI;KMP;KMR;EPB;ACHN;TWOU From The Last 14 Days
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January 16, 2015
06:01 EDTSIGA, PIPSiga ordered to pay $194M to PharmAthene in smallpox drug case, Bloomberg says
Siga Technologies (SIGA) was ordered to pay more than $194M to PharmAthene (PIP) in a dispute over the medicine that caused Siga to seek bankruptcy protection in 2014, reports Bloomberg. Delaware Chancery court Judge Donald Parsons said Siga executives breached their obligation to negotiate a licensing agreement for the smallpox medicine in good faith. Reference Link
January 15, 2015
18:28 EDTPIPOn The Fly: After Hours Movers
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16:11 EDTPIP, SIGAPharmAthene says court enters final order in $194.65M SIGA litigation
PharmAthene (PIP) announced that the Delaware Court of Chancery has entered its Final Order and Judgment in the company's litigation against SIGA Technologies (SIGA). The court's judgment against SIGA totaled $194.65M, including $113.12M in lump sum expectation damages for the value of PharmAthene's lost profits for SIGA's smallpox antiviral, Tecovirimat, and $81.53M in pre-judgment interest and attorneys' and expert witness fees. The court's determination, along with the decision itself, will remain subject to appeal by SIGA to the Delaware Supreme Court. Because SIGA has filed for protection under the Federal bankruptcy laws, PharmAthene said it is automatically stayed from taking any enforcement action in the Delaware Court of Chancery. PharmAthene's ability to collect a money judgment from SIGA remains subject to further proceedings in the bankruptcy court, it added.
16:01 EDTTSLAOptions Update; January 15, 2015
iPath S&P 500 VIX Short-Term Futures up 1.01 to 36.13. Option volume leaders: AAPL TSLA TWTR AMZN FB C CLF ABX SUNE according to Track Data.
16:01 EDTSIGASIGA to pay $194.1M in dispute over smallpox drug, Bloomberg says
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14:24 EDTTSLAElon Musk says 'Will be building a Hyperloop test track'
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09:36 EDTTSLAActive equity options trading
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07:33 EDTTWOU2U and American University's Kogod School of Business launch MBA program
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05:53 EDTMNKDStocks with implied volatility movement; MNKD TSM
Stocks with implied volatility movement; MannKind (MNKD) 70, TSMC (TSM) 34 according to iVolatility.
January 14, 2015
16:00 EDTTSLAOptions Update; January 14, 2015
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13:01 EDTTSLAReaction to Tesla CEO comments overdone, says Stifel
Stifel believes that the decline in Tesla's stock in response to comments by its CEO were overdone. Responding to concerns about the CEO's comments on profitability, the firm says that returns should not be factored into expectations for Tesla until its vehicles have been produced and delivered. Stifel says the decline I nthe stock yesterday ignores Tesla's value to the auto industry and consumers. It keeps a $400 price target and Buy rating on the shares.
11:42 EDTTSLATesla sinks after Musk warns of slowdown in China
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09:54 EDTPEPMcDonald's slips after Ackman says rumored investment 'unlikely'
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09:46 EDTPEPAckman says 'unlikely' to invest in McDonald's, Bloomberg reports
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09:36 EDTTSLAActive equity options trading
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09:16 EDTTSLAOn The Fly: Pre-market Movers
HIGHER: ZIOPHARM (ZIOP), up 53% after the company and Intrexon (XON) announced a licensing agreement with University of Texas. Intrexon shares are also up 12%... GameStop (GME), up 10.6% after reporting holiday SSS, providing guidance for the fourth quarter and fiscal 2014, and being upgraded at Pacific Crest... Smith Micro (SMSI), up 12.7% after reporting preliminary fourth quarter revenue and providing revenue guidance for the first quarter and fiscal 2015... BioCryst (BCRX), up 3.2% after receiving a positive opinion on EMA orphan drug designation for BCX4161... GoPro (GPRO), up 1% following analyst remarks that sell-off after yesterday's report on Apple (AAPL) patent was "overdone." DOWN AFTER EARNINGS: JPMorgan (JPM), down 2.7%... Wells Fargo (WFC), down 2.2%... Banking peers down as well, with Bank of America (BAC) down 2.8% and Citi (C) down 2%. ALSO LOWER: Tesla (TSLA), down 9% following comments made by CEO Elon Musk at an automotive conference in Detroit regarding a slowdown in China... New Media (NEWM), down 4.8% after 7M share spot secondary priced at $21.70... General Motors (GM), down 3% after giving 2015 guidance, saying it is on track to meet previously announced 2016 financial targets... Apple (AAPL), down 1% following lawsuit against Ericsson (ERIC) and countersuit filing.
08:55 EDTKMIKinder Morgan outlook positive, says RBC Capital
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07:35 EDTTSLATesla demand slowdown in China temporary, says RW Baird
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07:34 EDTTSLADeutsche Bank to hold a conference
2015 Global Auto Industry Conference is being held in Detroit on January 13-15 with webcasted company presentations to begin on January 14 at 7:15 am; not all company presentations may be webcasted. Webcast Link
06:51 EDTTSLAMusk: Tesla will not turn profitable until 2020, WSJ reports
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