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Stock Market & Financial Investment News

News Breaks
April 3, 2013
13:43 EDTGCI, GOOG, IACI, VRNG, TGT, AOLVringo says court orders Google, others to respond to motion within 15 days
News For VRNG;GOOG;AOL;IACI;GCI;TGT From The Last 14 Days
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May 13, 2015
05:53 EDTAOLAOL CEO: AOL staying in content business, not selling TechCrunch, TC reports
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05:28 EDTAOLAOL upgraded to Neutral from Sell at Goldman
Goldman Sachs upgraded AOL (AOL) to Neutral after Verizon (VZ) agreed to acquire the company for $50 per share. Goldman raised its price target for shares to $44 from $38.
May 12, 2015
19:23 EDTAOLAOL CEO says Huffington Post will 'always' be company cornerstone, HP says
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16:25 EDTAOLOn 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.
15:55 EDTAOLAxel Springer made unsolicited offer for AOL last year, Financial Times says
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15:04 EDTAOLInvestors should be cautious reading through from AOL deal to Yelp, WSJ says
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14:07 EDTAOLAOL downgraded to Hold from Buy at Axiom
AOL (AOL) was downgraded at Axiom after the company agreed to be acquired by Verizon (VZ) for $50 per share.
12:34 EDTAOLOn The Fly: Top stock stories at midday
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11:47 EDTGOOGYouTube's engineering head Panchapakesan dies, Re/code reports
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11:43 EDTVRNGIroquois Capital reports 9.99% passive stake in Vringo
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11:14 EDTAOLAOL premium low but likely best bet for AOL shareholders, Bloomberg says
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10:31 EDTAOLCantor 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.
10:16 EDTAOLOptions with decreasing implied volatility
Options with decreasing implied volatility: NDLS WTW FUEL AOL LC NLNK ZU CYBR ARWR HZNP
10:04 EDTAOLHigh option volume stocks
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09:20 EDTAOLOn The Fly: Pre-market Movers
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09:14 EDTGOOGApps World to hold a conference
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09:04 EDTAOLVerizon said to possibly spin off some or all AOL content ops, Re/code says
AOL's (AOL) ad tech business is growing at a much faster pace than its content business, but has lower margins, noted Re/code, adding that "one scenario we’ve heard" is that Verizon (VZ) intends to spin off some or all of the content operations it is acquiring by buying AOL, possibly with a third player such as German publisher Axel Springer also involved. AOL CEO Tim Armstrong seemed to leave the door open for such a deal by saying that the company has "spoken to partners about content and scaling [and] seen a lot of interest in the content brands we have," Re/code added. Reference Link
08:18 EDTAOLVerizon says no change in financial outlook, debt position
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07:20 EDTAOLAOL's Armstrong says will stay with company 'for a long period of time'
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07:18 EDTAOLAOL CEO says Verizon deal happened 'in natural way,' no auction held
AOL (AOL) CEO Tim Armstrong continues speaking on CNBC.
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