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News Breaks | | | | April 23, 2012 | | 12:15 EDT |  | HAS, NSRGY, WMT, ERIC, AMLN, RDEA, FB, XRX, PFE, STM, CEDC, AOL, CHKP, EAT, WMMVY, ACHN, AZN, MSFT | On 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. | |
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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 Check below for free stories on WMT;WMMVY;PFE;NSRGY;EAT;XRX;HAS;CHKP;FB;MSFT;AOL;RDEA;AZN;CEDC;AMLN;ACHN;STM;ERIC the last two weeks. |
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| May 24, 2013 | | 16:07 EDT |  | AZN | Actavis confirms appeal court issues injunction related to Resupules
Actavis (ACT) confirmed that the United States Court of Appeals for the Federal Circuit has granted a motion by AstraZeneca (AZN) to enjoin Actavis from further distribution of its generic version of AstraZeneca's Pulmicort Respules 0.25, 0.5 mg products, pending resolution of AstraZeneca's appeal before the court. | | | 15:22 EDT |  | FB | Facebook volatility decreases as shares trend to six-month low
Facebook May weekly call option implied volatility is at 34, June and July is at 35; below its 26-week average of 45 according to Track Data, suggesting decreasing price risk. | | | 14:44 EDT |  | FB | Facebook slips to session lows, close to 6-month low, levels to watch
 Subscribe for More Information | | | 14:07 EDT | | MSFT | Market poised to end week lower following Fed, China data
Subscribe for More Information | | | 12:27 EDT |  | MSFT | Microsoft to look to sell 25M additional Xbox 360s, The Verge reports
Subscribe for More Information | | | 08:56 EDT | | MSFT | Microsoft to receive percentage cut of Xbox One pre-owned sales, MCV says
Subscribe for More Information | | | 08:22 EDT |  | AZN | Leerink's biotech analysts hold an analyst/industry conference call
Subscribe for More Information | | | 07:49 EDT | | FB | Rumors of Google interest in Waze unfounded, TechCrunch says
After Bloomberg, citing "people familiar with the matter," said Google (GOOG) is considering a bid for map and traffic app maker Waze, TechCrunch countered that multiple credible sources it contacted "have poured cold water on the Google rumor." Facebook (FB) and Apple (AAPL) have previously been suggested as expressing interest in Waze, but the Bloomberg report said Apple was not among the "large tech companies” that have recently approached Waze, TechCrunch noted. Reference Link | | | 07:44 EDT | | FB | Facebook delays release of HTC First phone in Europe, FT reports
Facebook delayed release of its customized Android phone in Europe, following negative customer feedback in the U.S., reports the Financial Times. The new HTC First was released in the U.S. last month.Reference Link | | | 07:20 EDT | | FB | Facebook may face bidding war with Google for Waze, Bloomberg says
Subscribe for More Information | | | | May 23, 2013 | | 17:54 EDT | | MSFT | Google loses bid to block imports of Xbox One, Bloomberg says
The ITC ruled that Microsoft's (MSFT) new Xbox One does not infringe patents held by Google's (GOOG) Motorola Mobility unit, preventing Google from getting imports of Xbox One to the U.S. blocked, reports Bloomberg. Reference Link | | | 17:11 EDT | | MSFT | Google loses bid to block U.S. imports of Microsoft's Xbox, Bloomberg reports
Subscribe for More Information | | | 14:46 EDT |  | MSFT | GameStop reported solid Q1 results but uncertainty remains, says Piper Jaffray
Subscribe for More Information | | | 11:51 EDT | | MSFT | GameStop says 'lots of rumors' out there about Microsoft Xbox One
GameStop says company, customers excited about Xbox One. | | | 11:38 EDT | | MSFT | GameStop sees being able to leverage buy/sell/trade model with new consoles
GameStop (GME) says in communication with Microsoft (MSFT) about how used games and resale will be handled in respect to upcoming Xbox One. | | | 11:22 EDT | | MSFT | GameStop believes next-gen consoles will have lower price points than last cycle
Subscribe for More Information | | | 11:09 EDT | | MSFT | GameStop says 'right in the middle' of opportunity presented by new consoles
Subscribe for More Information | | | 09:02 EDT | | FB | Facebook slips lower, breaks $25 threshold
The stock is down 1.5% in the pre-market to $24.77, breaking the psychologically important $25 support level. This move puts the shares at 3-month lows. At current price, next support is at $23.88, the 6-month low. Resistance is at $25.65. | | | 08:31 EDT | | MSFT | Microsoft increasing cloud services in Japan, WSJ reports
In Japan, Microsoft is expanding capacity for its Windows Azure cloud computing services for businesses, as it bets on growing corporate IT spending in the country, reports the Wall Street Journal. Reference Link | | | 07:41 EDT | | MSFT | Lenovo warns of tough first half but sees late year boosted by Win8, FT says
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