New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 11, 2014
04:55 EDTULTI, ULTI, ULTI, CVM, CVM, CVM, ELLI, ELLI, ELLI, ISIL, ISIL, ISIL, MOVE, MOVE, MOVE, VECO, VECO, VECO, IGTE, IGTE, IGTE, OLED, OLED, OLED, ISSI, ISSI, ISSI, OSIS, OSIS, OSIS, NICE, NICE, NICE, NCR, NCR, NCR, SCOR, SCOR, SCOR, AUDC, AUDC, AUDC, INAP, INAP, INAPOppenheimer to hold a conference
17th Annual Technology, Internet & Communications Conference to be held in Boston on August 12-13.
News For ULTI;AUDC;SCOR;NCR;NICE;OSIS;ISSI;OLED;IGTE;VECO;MOVE;ISIL;ELLI;CVM;INAP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
September 30, 2014
16:22 EDTMOVEOn The Fly: Closing Wrap
Subscribe for More Information
12:54 EDTMOVEMove, Inc. could see another bidder emerge, says Craig-Hallum
Subscribe for More Information
12:40 EDTMOVEOn The Fly: Midday Wrap
Subscribe for More Information
09:10 EDTMOVEOn The Fly: Pre-market Movers
Subscribe for More Information
08:59 EDTMOVENews Corp. sees Move, Inc. deal 'modestly accretive' in short term
Subscribe for More Information
08:52 EDTMOVENews Corp. sees Move, Inc. deal to close in 2Q15
News Corp (NWSA) believes Move, Inc. (MOVE) is in a unique position and holds an important role for the company to expand in the digital real estate industry. Says this is the most significant acquisition the company has made since launching as a separate company last summer. Says this acquisition allows the company to stay committed to returning capital to shareholders. Says believes that Move Inc.'s strategy is different that that of Trulia (TRLA) and Zillow (Z). Says expects that the transaction will be very modestly EPS valued in the short term. News Corp continues to expect to generate positive cash flow regardless of the acquisition. Says Move, Inc. will improve and enhance the core media assets of News Corp. Comments made during a conference call discussing News Corp's acquisition of Move, Inc.
08:02 EDTNCRNCR Corp. selected by ratiopharm arena for POS solution
Subscribe for More Information
07:26 EDTMOVEMove, Inc.volatility low into News Corp to acquiring for $950M
Move, Inc. (MOVE) overall option implied volatility of 43 is below its 26-week average of 52 according to Track Data, suggesting decreasing price movement into News Corp (NWS) agreeing to acquire for $21 per share.
06:34 EDTMOVENews Corp to acquire Move, Inc. for $21 per share, or approximately $950M
News Corp and Move, Inc. announced that News Corp has agreed to acquire Move. REA Group Limited, which is 61.6% owned by News Corp and is the operator of Australian residential property website, realestate.com.au, plans to hold a 20% stake in Move with 80% held by News Corp. Under the acquisition agreement, which has been unanimously approved by the board of Move, News Corp will acquire all the outstanding shares of Move for $21 per share, or approximately $950M, via an all-cash tender offer. This represents a premium of 37% over Move’s closing stock price on September 29, 2014. REA’s share will be acquired for approximately $200M. News Corp intends to commence a tender offer for all of the shares of common stock of Move within 10 business days, followed by a merger to acquire any untendered shares. News Corp. CEO Robert Thomson said, "In addition to boosting Move’s subscription, advertising and software services, this acquisition will give News Corp a significant marketing platform for our media assets, which will benefit from the high-quality geographic data generated by real estate searches. We certainly expect this deal to amount to far more than the sum of the parts.” For the year ended December 31, 2013, Move reported $227M in revenues, and $29M in adjusted EBITDA5, and generated the highest revenue per unique user in the industry. Move will become an operating business of News Corp and remain headquartered in San Jose, California.
06:32 EDTMOVENews Corp to acquire Move, Inc. for $21 per share, or approximately $950M
Subscribe for More Information
September 29, 2014
09:21 EDTMOVECENTURY 21 Real Estate signs marketing agreement with SeniorHousingNet.com
Subscribe for More Information
08:05 EDTCVMCEL-SCI announces first patient enrollment in Multikine Phase I trial
Subscribe for More Information
07:11 EDTMOVEMove, Inc. named Best Idea at Stephens
Stephens made Move, Inc. the firm's new Best Idea, citing its valuation and potential for an accelerating high-margin revenue ramp-up. The firm maintains its Overweight rating and $21 price target on Move.
September 26, 2014
12:01 EDTNCRCourt overturns ruling against NCR regarding Fox River cleanup costs
The Seventh Circuit Court of Appeals overturned summary judgment rulings from 2009 and 2011 in the Whiting contribution lawsuit that had held NCR 100% liable for certain Fox River cleanup costs. The court also vacated the declaratory judgment finding NCR jointly and severally liable in the U.S. Government's enforcement action and remanded the case for further consideration of NCR’s divisibility defense. In addition, the court vacated the permanent injunction that had been entered against NCR ordering it to remediate the Fox River. Finally, the Seventh Circuit also upheld the ruling in NCR’s favor finding that NCR does not have so-called “arranger liability” at the Fox River. NCR is pleased with the Seventh Circuit’s rulings. NCR took a leadership position in cleaning up the Fox River, and believes that it has already done more than its fair share of the work. NCR has consistently advocated that a reasonable remediation project shared in by all responsible parties should be the goal of the regulatory authorities. It is now time for others to participate in the cleanup and to reimburse NCR for costs paid in excess of its divisible share. NCR intends to vigorously pursue these goals. NCR is still analyzing the impact of these rulings. NCR expects a favorable impact to NCR’s Fox River reserve, which was $95 million as of June 30, 2014, and is also examining the impact on free cash flow.
September 25, 2014
09:44 EDTVECOVeeco shares recommended on the Aixtron order this morning at Northland
Subscribe for More Information
September 24, 2014
06:30 EDTELLIEllie Mae management to meet with JMP Securities
Meeting to be held in San Francisco on September 24 hosted by JMP Securities.
September 23, 2014
14:37 EDTMOVEMove, Inc. management to meet with Stephens
Meeting to be held in Boston on September 25 hosted by Stephens.
September 18, 2014
14:43 EDTMOVEMove, Inc. management to meet with Craig-Hallum
Meeting to be held in Toronto on September 24 hosted by Craig-Hallum.
14:37 EDTINAPInternap management to meet with Craig-Hallum
Subscribe for More Information
September 17, 2014
08:09 EDTNCRNCR Corp. selected by Foster's Food Fair - IGA for software solutions
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use