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Stock Market & Financial Investment News

News Breaks
February 4, 2014
11:16 EDTTTWO, FURX, COCO, RHI, LVLTHigh option volume stocks: TTWO FURX COCO RHI LVLT
News For TTWO;FURX;COCO;RHI;LVLT From The Last 14 Days
Check below for free stories on TTWO;FURX;COCO;RHI;LVLT the last two weeks.
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September 2, 2014
11:17 EDTTTWOOptions with increasing implied volatility
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August 29, 2014
12:49 EDTTTWOStocks with increasing volume options volume
Stocks with increasing volume options volume: OXY HD RSH UTHR IRF TTWO CONN
12:00 EDTTTWOTake-Two rises after speculated as potential Activision target
Shares of video game maker Take-Two (TTWO) are rising after an analyst speculated that it could be acquired by another company in the space, Actvision Blizzard (ATVI). WHAT'S NEW: Dan Houser. the co-founder of key Take-Two division Rockstar Games, appears to be quite fond of Hollywood and Los Angeles, as many of Rockstar's games involve that genre, Benchmark analyst Mike Hickey wrote in a note to investors today. Additionally, there is speculation that Take-Two Interactive could be considering a movie based on Rockstar's hit Grand Theft Auto game, according to the analyst, who adds that Rockstar would control the development of the movie. Activision is based near Los Angeles and it may be in the process of entering the movie business, according to Hickey. Activision's possible foray into movies could stem partly from the larger company being interested in Take-Two, Hickey contended. Such an acquisition would be a "no-brainer" for Activision, given Take-Two's strong development talent and intellectual property, along with its nearly $1B in cash and attractive valuation, the analyst stated. He kept Buy ratings on both stocks. PRICE ACTION: In late morning trading, Take-Two rallied 4% to $23.39 and Activision advanced 0.4% to $23.44.
11:29 EDTTTWOTake-Two calls active, could be Activision takeover target, says Benchmark Co.
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11:21 EDTTTWOTake-Two could be Activision takeover target, says Benchmark Co.
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August 27, 2014
09:53 EDTLVLTOn The Fly: Analyst Upgrade Summary
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07:37 EDTLVLTLevel 3 upgraded to Outperform from Neutral at Macquarie
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August 26, 2014
07:25 EDTCOCOITT Educational has negative read through from Corinthian, says Wells Fargo
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August 25, 2014
17:55 EDTCOCOCorinthian Colleges says need to obtain additional sources of liquidity
In a regulatory filing, Corinthian Colleges disclosed that the company has entered into a Consent and Amendment No. 4 to Credit Agreement, dated as of August 19, by and among the company, Everest Colleges Canada, the Guarantors party thereto, the Lenders party thereto and Bank of America, as Domestic Administrative Agent and Canadian Agent...As previously reported by the company, the company has been, and is, seeking additional sources of liquidity through, among other things, asset sales. On August 20, the company sold to an unrelated third party, on a non-recourse basis, after conducting a bid process, a portfolio of student loans for approximately $19M. The company’s decision to sell certain of its student loans which it had previously intended to hold for investment resulted in a change in the accounting treatment for such loans from “held for investment” to “held for sale.” the company concluded on August 19 that an impairment charge is required of approximately $55M to $59M. The company expects to include the impairment charge in its consolidated financial statements for the fiscal year ended June 30...Additionally, the CFPB requested certain documents relating to a recently-completed sale of student notes and certain information relating to the student loans that the company continues to hold and any private lending arrangements to which the company is currently a party...The company added that Corinthian Colleges continues to need to obtain additional sources of liquidity to fund its operations and to implement the agreements contemplated by the Operating Agreement. To do so, the company will continue to seek additional sources of liquidity through new financings, additional cost reductions, accelerated asset sales or some combination thereof. There can be no assurance that the company will be able to obtain any such additional needed liquidity on a timely basis, on terms acceptable to it, or at all. Any withholding of Title IV funds by ED, or further restrictions on funding or operations by accrediting agencies, state agencies, or other funding sources would exacerbate the company’s existing liquidity constraints.
08:01 EDTTTWO2K says WWE SuperCard exceeds 1.5M downloads in first week
2K (TTWO) announced the larger-than-life, action-packed collectible card game, WWE (WWE) SuperCard, was downloaded more than 1.5 million times during its first week of release.
07:23 EDTCOCOGovernment not looking to push other colleges out of business, says Wells Fargo
In the wake of Corinthian Colleges' (COCO) dissolution due to actions taken by the Department of Education, Wells Fargo thinks the government did not intend for this scenario to unfold. After speaking with unnamed "knowledgeable sources" about the issue, the firm does not expect the department to take similar actions in the future because doing so would create too much of a workload for the department, Wells believes. Publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon (LOPE), ITT Educational (ESI) and Strayer (STRA).
August 22, 2014
11:59 EDTTTWOGameStop surges after Q2 EPS, revenue beat expectations
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August 19, 2014
07:50 EDTRHIRobert Half and Kforce weakness a buying opportunity, says Macquarie
Macquarie recommends using recent weakness in Robert Half (RHI) and Kforce (KFRC) related to global macro uncertainty as a buying opportunity.

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