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Stock Market & Financial Investment News

News Breaks
April 23, 2012
12:15 EDTAOL, CHKP, EAT, WMMVY, ACHN, AZN, MSFT, HAS, NSRGY, WMT, ERIC, AMLN, RDEA, FB, XRX, PFE, STM, CEDCOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, as European political uncertainty and a bribery investigation at Wal-Mart (WMT) kicked the week off on a sour note. Fresh concerns over the European debt crisis have caused a sell off in Europe and here in the U.S. The culprits this time were the failure by the Dutch government to agree on austerity measures and the first round of the French elections going to the Socialist party's candidate. There has been nothing on the U.S. economic calendar to turn investor's attention away from Europe, lending to broad based weakness in equities... ECONOMIC EVENTS: Domestically, little of note was on the economic calendar. In Europe, Markit's composite purchase managers' index fell to 47.4 points in April and political developments added to fears that the region's debt crisis could worsen, as the Netherlands' Prime Minister and his cabinet resigned after budget talks broke down and France's incumbent Nicolas Sarkozy lost in the first round of the nation's presidential elections. In China, a flash PMI reading rose to 49.1 in April, but that improved figure still signals contraction in the manufacturing industry... COMPANY NEWS: Shares of Wal-Mart dragged on the Dow, declining 4.6% after The New York Times said the company focused on damage control instead of fixing problems after finding "evidence of widespread" bribery at Wal-Mart de Mexico (WMMVY). Another Dow component, Pfizer (PFE), also slid following major news, falling almost 1% after agreeing to sell its Nutrition business to Nestle (NSRGY) for $11.85B... Among companies reporting earnings, advancers included Brinker (EAT) and Xerox (XRX); decliners included Hasbro (HAS) and Check Point (CHKP)... Facebook (FB) announced plans to buy a part of the patent portfolio Microsoft (MSFT) recently agreed to acquire from AOL (AOL)... MAJOR MOVERS: Among the notable gainers were Ardea Biosciences (RDEA), up 52%, on news it will be acquired by AstraZeneca (AZN) for $32 per share, and Central European Distribution (CEDC), up 14%, after Russian Standard agreed to invest $100M in the company as part of a strategic alliance. Also higher were shares of Amylin (AMLN), up 10%, after Reuters said over the weekend that the company has hired banks to explore a potential sale. Noteworthy losers included Achillion (ACHN), down over 18%, following a downgrade at JMP Securities after the release of interim ACH-1625 data at a conference over the weekend, and STMicroelectronics (STM), down 11%, after ST-Ericsson, its 50/50 joint venture with Ericsson (ERIC), said it will cut 1,700 jobs amid plans to pursue a new strategic direction... INDICES: Near noon, the Dow was down 135.02, or 1.04%, to 12,894.24; the Nasdaq was down 37.42, or 1.25%, to 2,963.03; and the S&P 500 was down 13.96, or 1.01%, to 1,364.57.
News For WMT;WMMVY;PFE;NSRGY;EAT;XRX;HAS;CHKP;FB;MSFT;AOL;RDEA;AZN;CEDC;AMLN;ACHN;STM;ERIC From The Last 14 Days
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April 14, 2015
10:16 EDTERICHigh option volume stocks
High option volume stocks: NSAM ALU CJES BIG CMRX ERIC NTAP TMO KN CIG
09:00 EDTFBFacebook price target raised to $80 from $72 at BMO Capital
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07:28 EDTFBFacebook remains a top 2015 pick at JPMorgan
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07:15 EDTAZNFDA Endocrinologic & Metabolic Drugs Advisory Committee holds a meeting
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07:02 EDTAOLAOL launches ONE by AOL
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06:51 EDTNSRGYNestle in advanced talks to sell Davigel unit to Brakes Group, Reuters reports
Nestle is in advanced discussions for the sale of its Davigel frozen food group to Bain Capital's Brakes Group, Reuters reports, citing a source. A second source says the sale of the deal, which is being handled by Credit Suisse, could raise EUR200M-EUR300M. Reference Link
05:51 EDTERICNokia confirms 'advanced discussions' to buy Alcatel-Lucent
Nokia (NOK) said in a statement, "In relation to recent media speculation Nokia and Alcatel-Lucent (ALU) confirm that they are in advanced discussions with respect to a potential full combination, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent." Nokia cautioned that there "can be no certainty at this stage that these discussions will result in any agreement or transaction." The statement comes after Bloomberg reported yesterday afternoon that Nokia was in advanced talks to buy Alcatel-Lucent's wireless assets to better compete with Ericsson (ERIC) in telecommunications equipment. Shares of Nokia are down 65c to $7.65 in pre-market trading while Alcatel-Lucent is up 22c to $4.57.
05:46 EDTMSFTMicrosoft's Surface 3 expected to see weak sales, DigiTimes Research reports
Microsoft's Surface 3 is expected to see low shipments and weak sales due to fiercer competition than those for its Surface Pro 3, reports DigiTimes Research. The Surface 3, priced over $600, is expected to only have limited impact on other branded 2-in-1 products, which are priced below $350 on average. Reference Link
05:46 EDTMSFTMicrosoft offers fee cut to attract vendors to pre-install apps, DigiTimes says
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April 13, 2015
16:01 EDTFBOptions Update; April 13, 2015
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15:12 EDTPFEMylan enters settlement, license agreement with Pfizer regarding Viagra
Mylan (MYL) announced that its subsidiaries Mylan Inc. and Mylan Pharmaceuticals have entered into a settlement and license agreement with Pfizer (PFE), Pfizer Limited and Pfizer Ireland Pharmaceuticals to settle patent litigation relating to Mylan's Abbreviated New Drug Application filed with the U.S. FDA for Sildenafil Citrate Tablets 25 mg, 50 mg, and 100 mg. This product is the generic version of Viagra, which is indicated to treat erectile dysfunction. Under the terms of the agreement, Mylan will be able to launch its ANDA products pursuant to a royalty-bearing license as early as December 11, 2017, or sooner under certain conditions, subject to FDA approval. All other terms and conditions of the settlement and license agreement are confidential, and the agreement itself is subject to review by the U.S. Department of Justice and the Federal Trade Commission. For the 12 months ending Dec. 31, 2014, Viagra had U.S. sales of approximately $1.3B, according to IMS Health.
15:06 EDTERICNokia in advanced talks to buy Alcatel wireless assets, Bloomberg says
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14:57 EDTERICEricsson trades higher after report of possible Alcatel-Lucent-Nokia deal
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12:02 EDTMSFTMicrosoft hires Kurt DelBene to head corporate strategy and planning
Microsoft announced that Kurt DelBene has been named executive vice president of Corporate Strategy and Planning reporting to Microsoft CEO Satya Nadella. DelBene is returning to Microsoft, where he was most recently president of the Microsoft Office Division. After leaving Microsoft in 2013, he then served as senior advisor to the Secretary of Health and Human Services where he was appointed by President Obama to oversee implementation and improvement of Healthcare.gov. He most recently has been a venture partner at Madrona Venture Group, concentrating on investing and advising in early stage, technology-focused startups in the Pacific Northwest.
08:58 EDTAZNMerck may have positive read through from briefing docs, says SunTrust
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08:54 EDTAZNAstraZeneca has negative read through from briefing docs, says SunTrust
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05:31 EDTERICEricsson announces joint initiative with Scania and Sweden's RIT
Ericsson has announced that it is to join forces with Scania and Sweden's Royal Institute of Technology in their Integrated Transport Research Lab to explore the transport solutions of the future. The joint initiative, which will explore areas such as autonomous buses and improved systems for traffic management, forms part of the "5G for Sweden" program that was announced in March. The ITRL Lab is set to run until the end of June 2021.
April 12, 2015
19:01 EDTMSFTNokia maps unit HERE may be of interest to several tech firms, Re/code says
If Nokia is putting its mapping unit HERE up for sale it may draw interest from firms like Microsoft (MSFT), Yahoo (YHOO), Amazon (AMZN) and Apple (AAPL), says Re/code. Reference Link
18:11 EDTCHKPEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link
15:43 EDTWMTWal-Mart's Walton family puts shares in newly formed trust, Reuters says
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