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Stock Market & Financial Investment News

News Breaks
November 29, 2013
13:30 EDTFTNT, TJX, AMZN, GRCLF, TGT, M, THOR, ADM, EBAY, WMTOn The Fly: Closing Wrap
Stocks on Wall Street were mixed in a shortened trading session that capped off the holiday week. The averages opened higher and drifted for much of the session before a large imbalance to sell side sent the Dow and S&P 500 sharply lower in the final half hour of trade. The tech-heavy Nasdaq index served as the only major index logging gains in the final trading session of November. ECONOMIC EVENTS: In the U.S., no major economic data was released. In Europe, the Eurozone unemployment rate in October was reported at 12.1%, lower than the prior reading and expectations for 12.2%. In Canada, third quarter GDP was reported at 2.7%, which was higher than economists' expectations for 2.5%, with year-over-year GDP growth coming at 2.3%, better than expectations for 2.1%. COMPANY NEWS: Major retailers were in focus as today marked "Black Friday," the unofficial beginning to the holiday shopping season, and a number of retailers, including Wal-Mart (WMT) and Macy's (M), opened their doors to shoppers last night. Online retailers Amazon.com (AMZN), up $6.91, or 1.79%, to $393.62, and eBay (EBAY), up $1.22, or 2.47%, to $50.52, were among the day's largest retail gainers, while shares of Wal-Mart, Macy's, Target (TGT), and The TJX Companies (TJX) each logged moves of less than 1% for the session... On Thursday, Australian regulators blocked Archer Daniels Midland's (ADM) proposed acquisition of GrainCorp (GRCLF). Following the news, shares of GrainCorp fell more than 20% in Sydney, while shares of Archer Daniels trading in New York fell $1.24, or 2.99%, to $40.25... Among the session's notable movers was Fortinet (FTNT), down $2.54, or 12.93%, to $17.10 after the company late Wednesday announced its CFO Ahmed Rubaie would be leaving the company, a move analysts at Wells Fargo say creates execution risks over the next few quarters. Also lower was Thoratec (THOR), down $2.75, or 6.53%, to $39.37 after an article published Wednesday in the New England Journal of Medicine said the company's heart pump could increase the rate of thrombosis in patients. INDEXES: The Dow was down 10.92, or 0.07%, to 16,086.41; the S&P 500 was down 1.42, or 0.08%, to 1,805.81; the Nasdaq was up 15.14, or 0.37%, to 4,059.89.
News For WMT;M;AMZN;EBAY;TGT;TJX;ADM;GRCLF;FTNT;THOR From The Last 14 Days
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April 10, 2014
09:21 EDTEBAYOn The Fly: Pre-market Movers
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08:35 EDTEBAYeBay CEO says Icahn now becoming 'long-term shareholder'
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08:35 EDTEBAYEBay volatility expected to move on settling proxy contest with Carl Icahn
eBay volatility is expected to move on settling a proxy contest with Carl Icahn. Overall option implied volatility 29 is near its 26-week average of 28 according to Track Data, suggesting non-directional price movement.
08:22 EDTEBAYeBay says appointment will expand independent directors to 10
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08:22 EDTEBAYeBay says to appoint David Dorman as independent director
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08:21 EDTEBAYeBay, Carl Icahn settle proxy contest, PayPal spin-off proposal withdrawn
eBay announced that it has reached an agreement with investor Carl Icahn, ending the proxy contest before the company’s upcoming annual meeting of stockholders. Icahn is withdrawing both his proposal to separate the company’s PayPal business and his two nominees to the company’s Board of Directors. The company said it has agreed to Icahn’s suggestion to appoint business executive David Dorman as an independent director to its Board of Directors. This will expand the number of independent directors to 10 on the 12-member board. The other two directors are eBay Founder and Chairman Pierre Omidyar, the company’s largest shareholder, and company President and CEO John Donahoe. Dorman is a Founding Partner of Centerview Capital Technology. “We are very pleased to have reached this agreement with Carl, settling proxy issues and enabling our board and management team to focus our full attention on a goal every shareholder agrees on – growing PayPal and eBay, and delivering sustainable shareholder value,” said eBay President and CEO John Donahoe. “As a result of our conversations, it became clear that Carl and I strongly agree on the potential of PayPal and our company,” Donahoe said. “I respect Carl’s willingness to work together to drive sustainable shareholder value today and into the future. His record shows that he has done this with many other companies in the past. Icahn has signed a confidentiality agreement covering any non-public information that directors and certain officers of the company may share with him. In addition, the company agreed not to adopt a policy precluding such persons from speaking to Icahn, and that it would advise them that they may speak to Icahn if they are willing to do so.
08:18 EDTEBAYeBay, Icahn settle proxy contest, PayPal spin-off proposal withdrawn, CNBC says
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07:24 EDTTHORInternational Society for Heart & Lung Transplantation to hold annual meeting
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06:13 EDTWMTWal-Mart to carry Wild Oats organic food items
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April 9, 2014
19:01 EDTFTNTOn The Fly: After Hours Movers
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17:49 EDTFTNTImperva plummets after lowering Q1 EPS and revenue outlook
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17:32 EDTFTNTImperva Q1 miss likely to weigh on Security sector, says Wells Fargo
Wells Fargo believes the magnitude of Imperva's (IMPV) Q1 miss will weigh on the Cyber Security industry since expectations for the group were relatively high going into Q1 earnings. Names in the space include Check Point (CHKP), Fortinet (FTNT), FireEye (FEYE), Palo Alto (PANW) and Symantec (SYMC). Wells notes, however, that it sees little direct fundamental implications for other names in the group as Imperva's issues were likely more company specific. Wells has Outperform ratings on Check Point, FireEye, Palo Alto and Fortinet.
13:20 EDTEBAYeBay option activity suggests bullish move, Barron's reports
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12:04 EDTADMU.S. corn exports projected to increase 125M bushels
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09:20 EDTMBofA/Merrill's retail analysts hold an analyst/industry conference call
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09:10 EDTWMTWal-Mart to purcahse energy-efficient LED ceiling lighting fixtures from GE
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07:49 EDTAMZNAmazon unclear about limits of Fire TV voice search, BI says
Amazon (AMZN) claimed to have addressed user annoyances when it detailed the voice search features of its new Fire TV system last week, but the company was unclear about the fact that voice searches only present results from Amazon's Instant Video library and Vevo and exclude other services like Netflix (NFLX), said Business Insider. The company also was not upfront about the way voice searches are saved as recordings of users' voices, the report added. Reference Link
07:28 EDTAMZNAmazon looking to court game developers for Fire TV, NY Post reports
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06:07 EDTAMZNRovi sell-off on patent ruling unwarranted, says Brean Capital
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06:01 EDTAMZNRovi sell-off on patent ruling a buying opportunity, says Piper Jaffray
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