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Stock Market & Financial Investment News

News Breaks
February 13, 2014
09:11 EDTMDCO, RTRX, ANGI, AVP, HOT, DRRX, OWW, ITRI, WFM, MDLZ, CRME, LF, URS, SKX, TWC, CHTR, CMCSA, CSCOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Skechers (SKX), up 14%... Orbitz (OWW), up 14%... Retrophin (RTRX), up 29%... ION Geophysical (IO), up 27%... Avon Products (AVP), up 3%. ALSO HIGHER: Time Warner Cable (TWC), up 8.6% after agreeing to be acquired by Comcast (CMCSA) in a $45.2B stock swap deal. Comcast class A shares are down about 2% after the deal announcement. Charter (CHTR), which was also vying to buy TWC, are down 9% after Comcast struck its deal... Cardiome (CRME), up 20% after Brinavess shows positive results in cardiological study. DOWN AFTER EARNINGS: Cisco (CSCO), down 3.7%... Mondelez (MDLZ), down 3%... Starwood Hotels (HOT), down 2.3%... URS Corporation (URS), down 15%... Itron (ITRI), down 22%... Angie's List (ANGI), down 19%... LeapFrog (LF), down 10%... Cabelas (CAB), down 9%... Whole Foods (WFM), down 7%... NetApp (NTAP), down 4.5%. ALSO LOWER: DURECT (DRRX), down 29% after the FDA determined it cannot approve the New Drug Application for POSIDUR in its present form... The Medicines Co. (MDCO), down 13% after an FDA panel voted against approval for cangrelor and the company's shares were downgraded at Jefferies and at Credit Suisse.
News For TWC;CMCSA;CHTR;CSCO;MDLZ;HOT;SKX;WFM;AVP;URS;ITRI;ANGI;LF;OWW;RTRX;CRME;DRRX;MDCO From The Last 14 Days
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May 14, 2015
12:41 EDTAVPAvon treating PTG takeover offer as hoax, Dow Jones reports
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12:38 EDTAVPSuspect Avon purported bidder mirrors language of respected firm TPG
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12:36 EDTAVPAvon Products says no proof PTG exists, has not received offer, CNBC reports
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12:02 EDTAVPAvon Products off highs as questions surround PTG Capital
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11:57 EDTAVPBloomberg unsuccessful in attempts to reach PTG Capital
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11:48 EDTAVPPTG Capital recommends tender offer for Avon at $18.75 per share
PTG Capital Partners announced via a filing with the SEC that it has submitted an offer to the board of Avon Products proposing to acquire all of the company's outstanding stock, and outstanding options to acquire such shares, in a recommended cash tender offer at a price per share of $18.75. The offer is subject to "satisfactory completion of due diligence, the redemption or termination of the rights plan, or 'poison pill', if any, and negotiation and execution of a definitive written agreement." PTG said it has "substantial experience in managing acquisitions and is committed to working quickly to complete due diligence and execute a definitive agreement." PTG Partners expects to be able to complete such an agreement within 10 days from the beginning of the due diligence period. PTG cautioned that the offer "does not create any binding obligation, and no such binding obligation will arise unless and until a mutually satisfactory definitive agreement has been executed and delivered by the parties." It added that it believes a combination of the company and PTG would result in "substantial benefits" to shareholder bases. After being halted for volatility, Avon shares are up $1.31 to $7.98. The stock halted again after the quick rise.
11:47 EDTAVPAvon Products halts again for volatility after jumping $1.31 to $7.98
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11:45 EDTAVPAvon Products resumes trading, shares up $1.13 to $7.80
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11:41 EDTAVPPTG Capital offers to buy Avon Products for $18.75 per share
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11:39 EDTAVPPTG Capital submits offer to acquire Avon Products for $18.75 per share
11:38 EDTAVPAvon Products halts for volatility after PTG Capital reportedly makes offer
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10:00 EDTCSCOOn The Fly: Analyst Downgrade Summary
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09:34 EDTCSCOActive equity options trading on open
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09:12 EDTCSCOCisco deferred revenue strong, says SunTrust
After Cisco provided lower than expected Q4 revenue guidance, SunTrust says that the company's deferred revenue was strong, suggesting that its outlook is better than the guidance indicates. SunTrust keeps a Buy rating on the shares.
08:56 EDTCRMECardiome Aggrastat sales likely to bounce back, says Canaccord
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07:19 EDTCSCOCisco downgraded to Neutral on valuation at Sterne Agee CRT
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07:11 EDTCSCOOptions expected to be active
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07:11 EDTCSCOCisco tone 'quite bullish,' says Stifel
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07:06 EDTCSCOCisco downgraded to Neutral from Buy at Sterne Agee CRT
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06:22 EDTWFMWhole Foods implied volatility of 20 at lower end of index mean range
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