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Stock Market & Financial Investment News

News Breaks
October 22, 2012
15:26 EDTYHOO, WDC, ZION, TXNCompanies reporting After the Market Close on Monday, October 22
Notable companies reporting after the closing bell on Monday include Texas Instruments (TXN), Western Digital Corp (WDC), Yahoo! (YHOO) and Zions Bancorporation (ZION).
News For TXN;WDC;YHOO;ZION From The Last 14 Days
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May 15, 2015
08:13 EDTTXNJefferies ups view on Semis to Positive from Negative
Jefferies upped its view on the Semiconductors space to Positive from Negative after hosting a dozen companies at its annual conference in Miami. The firm notes that most companies noted an "OK" demand environment, which it views as supporting its thesis that the recent inventory correction and lower capex has created a "great opportunity" to add to Semi positions. After meeting with management, Jefferies has increased conviction that NXP Semiconductors (NXPI) will soon sell its HPRF business and return to its stock buyback program before most expect. It has Buy ratings on AMD (AMD), Microchip (MCHP), NXP and Texas Instruments (TXN).
07:04 EDTWDCWestern Digital can reach $10+ EPS in fiscal 2017, says RBC Capital
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May 14, 2015
16:00 EDTYHOOOptions Update; May 14, 2015
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06:15 EDTYHOOYahoo's head of sales leaves after six months, Digiday reports
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May 13, 2015
06:55 EDTYHOOInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
06:09 EDTYHOOYahoo implied volatility of 22 at lower end of index mean range
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May 12, 2015
16:25 EDTYHOOOn The Fly: Top stock stories for Tuesday
Stocks began the session deep in negative territory as bond yields in Europe and the U.S. were moving higher. The market saw its lows shortly after the open and soon began to recapture some of its losses. By noon, the losses were cut in half and the Dow made it all the way back to positive ground by the afternoon. Unable to gather any upside momentum, the rally stalled and the averages limped into the close. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' small business optimism rose 1.7 points to 96.9 in April, versus expectations for a 96.0 reading. The JOLTs report showed job openings fell 150K to 4.99M in March, versus expectations for 5.11M openings. The 10-year U.S. Treasury yield climbed at high as 2.37% earlier in the session, which was its highest intraday mark since last November, before easing back by midday. Outside of the U.S., bond yields surged on 10-year notes in Japan, Italy, Spain, Portugal, and Germany. COMPANY NEWS: Shares of AOL (AOL) advanced $7.93, or 18.62%, to $50.52 after Verizon (VZ) agreed to buy the company for $50 per share in a deal valued at $4.4B. Verizon's John Stratton, speaking at the Jefferies 2015 Global TMT Conference, said the AOL deal was primarily about ad technology and Re/code reported that "one scenario" the service has heard about is that Verizon plans to spin off some or all of the content operations it is acquiring by buying AOL, such as the Huffington Post. Yahoo (YHOO) also rose 24c, or 0.55%, to $43.84, as Cantor Fitzgerald analyst Youssef Squali said he now views it as the "last remaining large scale digital media company of its kind." MAJOR MOVERS: Among the notable gainers was Pall Corp. (PLL), which advanced $19.31, or 19.44%, to $118.62 after The Wall Street Journal reported that the company is near a possible sale and listed Danaher (DHR) and Thermo Fisher (TMO) as potential buyers. Also higher was Pain Therapeutics (PTIE), which gained 68c, or 35.05%, to $2.62 after announcing that a study of its lead drug candidate, that is specifically designed to discourage certain common methods of drug tampering and misuse, demonstrated with statistical significance that both intact and chewed Remoxy were less "liked" than immediate-release oxycodone on the two primary endpoints of Drug Liking and Drug High. Among the noteworthy losers was ITT Educational Services (ESI), which plunged $1.75, or 43.53%, to $2.27 after the SEC announced that it had charged the company, along with its CEO and CFO, with fraud. Also lower were shares of NewLink Genetics (NLNK), which dropped $15.59, or 29.9%, to $36.55 after stating that it would continue its flagship IMPRESS trial as planned despite disclosing the FDA did not endorse management's plan to change the statistical analysis plan as defined in the original protocol. INDEXES: The Dow fell 36.94, or 0.2%, to 18,068.23, the Nasdaq slid 17.38, or 0.35%, to 4,976.19, and the S&P 500 dropped 6.21, or 0.29%, to 2,099.12.
12:34 EDTYHOOOn The Fly: Top stock stories at midday
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11:47 EDTYHOOYouTube's engineering head Panchapakesan dies, Re/code reports
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11:14 EDTYHOOAOL premium low but likely best bet for AOL shareholders, Bloomberg says
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10:31 EDTYHOOCantor sees higher bid for AOL unlikely, positive on Yahoo
Cantor Fitzgerald analyst Youssef Squali downgraded AOL (AOL) two notches to Sell from Buy after Verizon (VZ) agreed to acquire the company for $50 per share. Squali finds the takeover valuation "relatively fair" and believes a higher bidder for AOL is unlikely to emerge. The analyst believes the transaction could be positive for Yahoo (YHOO), which he views as the "last remaining large scale digital Media company of its kind." Squali has a Buy rating on Yahoo with a $60 price target.
10:01 EDTWDCOn The Fly: Analyst Initiation Summary
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09:38 EDTYHOOActive equity options trading on open
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07:05 EDTWDCWestern Digital initiated with a Buy at Benchmark Co.
Target $117.
May 11, 2015
08:19 EDTZIONJefferies to hold a field trip
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07:26 EDTTXNQualcomm rivals questioned by EU antitrust regulators, Reuters reports
Antitrust regulators in the EU are asking Qualcomm's (QCOM) rivals about the company's business practices, Reuters reports, citing a document. Europe has been investigating Qualcomm for the last seven months over the way it licenses its products and its power over patents. Another EU inquiry, which began in 2010, was triggered by a complained from Nvidia's (NVDA) Icera unit over rebates and incentives. Reference Link
06:12 EDTYHOOYahoo implied volatility of 22 at lower end of index mean range
May 8, 2015
08:35 EDTYHOOAOL CEO says feels 'very good' about choices when renewing search contract
AOL (AOL) CEO Tim Armstrong says he feels "very good" about where the company is in search and about the options and position the company has heading into its search contract renewal conversations with incumbent Yahoo (YHOO) and others.
07:38 EDTYHOOJefferies puts Google atop list of potential Yelp buyers
Jefferies laid out potential buyers for Yelp (YELP) after the Wall Street Journal reported that the company hired bankers to explore a sale. A Google (GOOG, GOOGL), Yelp (YELP) combination makes the most sense, the firm believes. It points out Google unsuccessfully tried to buy Yelp for $550M in 2009. Other potential buyers include Facebook (FB), Priceline (PCLN), GrubHub (GRUB) and Yahoo (YHOO), the firm notes. Jefferies views Yelp as a highly valuable asset and keeps a Buy rating on the stock with a $79 price target. Deutsche Bank today pegged the chances of a Yelp buyout at 60% and estimates a takeout price between $59 and $85 per share. The stock closed yesterday up $8.79 to $47.01 following the Journal's report.
06:14 EDTYHOOYahoo acquired unnamed company for $23M in Q1
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