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Stock Market & Financial Investment News

News Breaks
February 15, 2013
16:35 EDTBKW, DG, WMT, FOLD, QLIK, TGT, LOGM, FDO, HLFOn The Fly: Closing Wrap
Stocks on Wall Street were mixed on the day, as the averages moved in a narrow range near the flatline before a midday Bloomberg report indicated Wal-Mart's (WMT) February sales were being called "a total disaster" by a company executive sent the market lower. The averages recovered in the final hour of trading, with Dow the only one of the major indices finishing in positive territory... ECONOMIC EVENTS: The New York Fed's February Empire State Manufacturing survey unexpectedly rose to 10.0 from last month's -7.78 reading. Forecast were for a -2.0 reading. The U.S. Treasury International Capital report showed foreigners bought a net $64.2B in U.S. long term assets in December. U.S. industrial production fell 0.1% in January, versus expectations for growth of 0.2%. The preliminary University of Michigan Consumer Confidence reading for February was 76.3, versus the expected 74.8... COMPANY NEWS: Shares of Herbalife (HLF) opened sharply higher following a disclosure by Carl Icahn last night that he has taken a 12.98% stake in the company, but finished well off their highs, up 47c, or 1.23%, to $38.74. Icahn, who three weeks ago appeared on CNBC with Bill Ackman, who is notably short Herbalife shares, said in his filing that he plans to discuss business and strategic alternatives with Herbalife management... An afternoon report by Bloomberg citing a leaked internal email by a Wal-Mart executive that said February sales to date have been a "total disaster," sending shares of Wal-Mart and other retailers, as well as the broader market, lower during the afternoon. Shares of Wal-Mart finished down $1.52, or 2.15%, to $69.30, while peer Target (TGT) lost $1.02, or 1.63%, to $61.71, and discount retailers Dollar General (DG), down 66c, or 1.47%, to $44.37, and Family Dollar (FDO), lost 67c, or 1.18%, to $55.94... MAJOR MOVERS: Among notable gainers was Qlik Technologies (QLIK), up $4.09, or 17.97%, to $26.85 following its Q4 report and the stock was upgraded by at least two analyst firms. Also higher following better than expected earnings was Burger King (BKW), up 78c, or 4.7%, to $17.36. Among noteworthy losers were shares of LogMeIn (LOGM), down $7.01, or 29.63%, to $16.65 after the company provided Q1 and FY13 guidance fell short of consensus estimates, leading to at least three analyst downgrades. Also lower were shares of Amicus Therapeutics (FOLD), down $1.00, or 25.71%, to $2.89 after the company presented additional data from a Fabry monotherapy study... INIDICES: The Dow gained 8.37, or 0.06%, to 13,981.76; the Nasdaq lost 6.63, or 0.21%, to 3,192.03; the S&P 500 lost 1.59, or 0.10%, to 1,519.79.
News For WMT;HLF;TGT;DG;FDO;QLIK;BKW;LOGM;FOLD From The Last 14 Days
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March 19, 2015
07:17 EDTTGTStephens to hold a conference
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06:36 EDTTGTTarget settles class action lawsuit over data breach, Reuters reports
Target agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, according to Reuters. Under the settlement, which must be approved by a federal judge, the retailer also agreed to implement data security measures, including hiring a chief information security officer, the news service stated. Reference Link
06:28 EDTWMTWal-Mart's Walmex unit to expand more slowly this year, Reuters reports
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06:07 EDTFOLDAmicus reports positive results in meetings with EMA and FDA
Amicus has met with regulatory authorities in Europe and the U.S. to discuss the approval pathways for the oral small molecule pharmacological chaperone migalastat HCl as a precision medicine monotherapy for Fabry patients who have amenable genetic mutations. The company held a meeting with the assigned European Rapporteurs to discuss the upcoming marketing authorization application for migalastat monotherapy. The Rapporteurs agreed that Amicus may submit its MAA for migalastat monotherapy under the Full Approval pathway in the EU and indicated support for Amicus to request Accelerated Assessment. Amicus is accelerating the timing of the MAA submission for full approval for migalastat monotherapy from the middle of 2015 to Q2. Amicus held a Type C meeting with the FDA and plans to submit an NDA for Accelerated Approval, for which the FDA is open to considering several potential surrogate endpoints evaluated in the clinical studies of migalastat. Amicus plans to schedule a pre-NDA meeting and to submit an NDA under Subpart H in 2H15
March 18, 2015
17:42 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, WSJ says
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15:56 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, Dow Jones says
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13:49 EDTHLFHerbalife says 'confident in strong fundamentals of business model'
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12:26 EDTTGTTarget unveils extended one-year return policy
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09:36 EDTWMTActive equity options trading on open
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09:23 EDTHLFOn The Fly: Pre-market Movers
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08:02 EDTHLFHerbalife wins dismissal of class action 'pyramid scheme' lawsuit
On March 16, a judge in the U.S. District Court for the Central District of California granted Herbalife its motion to dismiss a class action complaint brought on behalf of shareholders who allege that the company and its executives violated federal securities laws by misrepresenting the "nature, scope and legality" of the company's business and operations. According to the plaintiffs, Herbalife and its executives, including CEO Michael Johnson, misrepresented Herbalife as a legitimate multi-level marketing company when it "is actually an illegal pyramid scheme." The court concluded that the suit's plaintiffs have not adequately pled loss causation, meaning that the court need not consider Herbalife’s alternative arguments, according to a court filing. Shares of Herbalife are up 3% in pre-market trading after the court dismissal was widely reported by Bloomberg last night.
07:13 EDTHLFHerbalife complaint letter signer subpoenaed, Hartford Courant reports
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March 17, 2015
19:42 EDTHLFOn The Fly: After Hours Movers
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18:27 EDTHLFHerbalife up over 5% following favorable court ruling in 'pyramid scheme' suit
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18:07 EDTHLFHerbalife wins dismissal of 'pyramid scheme' lawsuit, Bloomberg says
16:58 EDTDGGIC Private Limited reports 5.02% passive stake in Dollar General
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10:26 EDTHLF, FOLDOptions with increasing implied volatility
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09:05 EDTTGTMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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March 16, 2015
06:16 EDTWMTWal-Mart to sell Tide rival Persil in stores, WSJ reports
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05:50 EDTHLFStocks with implied volatility movement; FIG HLF
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