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June 24, 2014
09:23 EDTWWWW, KNOP, GIGA, MU, SAIC, XGTI, RDEN, WAG, VRTX, GOOG, OHRPOn The Fly: Pre-market Movers
HIGHER: Vertex (VRTX), up 48% after Phase 3 studies of Lumacaftor/Ivacaftor met primary endpoint... xG Technology (XGTI), up 65% after teaming up with Science Applications International (SAIC) to provide services to CERDEC... Micron (MU), up 1% after upgraded at Needham following better than anticipated Q3 earnings. LOWER: (WWWW), down 9.3% after downgraded at B. Riley following Google's (GOOG) entrance into domain registration... Elizabeth Arden (RDEN), down 7.6% after Chief Marketing Officer resigns, company announces restructuring... Walgreens (WAG), down 1% after reporting lower than expected Q3 earnings and saying it is experiencing increased pressure on pharmacy gross profit margins... Giga-tronics (GIGA), down 14.5% after Q4 results are lower than analyst's expectations... KNOT Offshore Partners (KNOP), down 7.4% after filing to sell 4.6M common units... Ohr Pharmaceuticals (OHRP), down 12.3% after the company said that there were no significant differences in the frequency of Lucentis PRN injections, which was the primary endpoint of its Squalamine eye drop Phase II study.
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August 6, 2014
15:39 EDTGOOGYouTube buys mobile-video startup Directr
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13:04 EDTGOOGGoogle acquires mobile messaging application Emu
Google has acquired Emu, Emu announced on its website. "As of August 25, we’ll be shutting down the Emu app. It will no longer be available in the App Store, and existing users won’t be able to send, receive, or download messages." Financial terms of the deal have not been disclosed. Reference Link
12:12 EDTWAGOn The Fly: Midday Wrap
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12:09 EDTWAGWalgreen volatility flat on acquiring remaining 55% of Alliance Boots
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10:08 EDTMUMicron nears important test of support, levels to watch
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09:58 EDTWAGWalgreen shares defended at SunTrust
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09:19 EDTWAGShire, AstraZeneca, Smith & Nephew slump amid inversion fears, FT says
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09:13 EDTWAGOn The Fly: Pre-market Movers
HIGHER: Fox class A shares (FOXA), up 5.9% after withdrawing proposal to acquire Time Warner (TWX), announcing $6B share repurchase program, reporting quarterly results... MannKind (MNKD), up 1.6% after entering a supply agreement with Amphastar Pharmaceuticals (AMPH)... Criteo (CRTO), up 11.5% after upgraded at Goldman following its better than expected Q2 earnings report. LOWER: Time Warner (TWX), down 13% after earnings, maintaining guidance, bid dropped by Fox... Sprint (S), down 16.5% after naming Marcelo Claure as president and CEO, reportedly dropping pursuit of T-Mobile (TMUS). T-Mobile shares also down 8.5%... Groupon (GRPN), down 18%, downgraded at Wunderlich after the company reported lower than expected Q3 results... Walgreen (WAG), down 15.7% after exercises option to acquire remaining 55% of Alliance Boots, says it will not pursue inversion as part of deal... Shire (SHPG), down 6% after Walgreen announced it would stay located in Chicago and Bloomberg last night reported that the Treasury Department is exploring ways to bypass Congress in an attempt to curb corporate inversions... Cytori Therapeutics (CYTX), down 33% after announcing that it has placed enrollment in the ATHENA and ATHENA II trials on clinical hold. UP AFTER EARNINGS: Enphase Energy (ENPH), up 20%... AOL (AOL), up 5%. DOWN AFTER EARNINGS: Nu Skin (NUS), down 8.5%... Rocket Fuel (FUEL), down 27%... Cognizant (CTSH), down 13%... First Solar (FSLR), down 2.5%... Globus Medical (GMED), down 17%.
08:40 EDTWAGShire drops 5% with tax inversions in focus
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07:49 EDTGOOGcomScore price target raised to $44 from $40 at Brean Capital
Brean Capital raised its price target on comScore (SCOR) to $44 from $40 as they believe the company is well positioned for an acceleration in fundamentals. The firm expects its recent years of investment to impact their online business as the integration of Yahoo (YHOO) vCE is up and running and Google (GOOG) is expected to be completed by the end of Q3, leading to an acceleration of top line growth. Brean maintains its Buy rating on comScore.
07:47 EDTWAGRetailers pare store openings as shopper visits slide, WSJ says
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07:16 EDTWAGWalgreen news positive, says SunTrust
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06:44 EDTWAGWalgreen to hold a conference call
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06:17 EDTGOOGAlibaba courting Nokia employees on website, WSJ reports
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06:11 EDTWAGWalgreens Boots Alliance holding company to be headquartered in Chicago area
The Walgreens Boots Alliance holding company will be headquartered in the Chicago area, while Walgreens operations will remain headquartered in Deerfield, Ill. Boots operations also will remain headquartered at its current location in Nottingham, U.K.
06:10 EDTWAGWalgreen said the decision to buy rest of Rival Boots will not be inversion
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06:09 EDTWAGWalgreen board authorizes $3B share repurchase program, raises dividend
The board of directors has approved a new capital allocation policy for the combined enterprise. Returning cash to shareholders by targeting a 30%-35% long-term dividend payout ratio and a new $3B share repurchase authorization through the end of fiscal 2016. In addition, the board of Walgreen ncreased the quarterly dividend to 33.75c per share, a 7.1% increase over the year-ago quarterly dividend of 31.5c per share. The increased dividend is payable Sept. 12 to shareholders of record Aug. 21, and raises the annual rate from $1.26 per share to $1.35 per share.
06:07 EDTWAGWalgreen sees FY16 EPS $4.25-$4.60; FY16 revenue $126B-$130B
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06:04 EDTWAGWalgreen exercises option to acquire remaining 55% of Alliance Boots
Walgreens said it has exercised its option to complete the second step of its strategic transaction with Alliance Boots GmbH ahead of the original option period, which was between February and August 2015. The transaction, subject to shareholder and various regulatory approvals, would fully combine the two companies to form the first global pharmacy-led, health and wellbeing enterprise. This action follows the launch of the companies’ long-term strategic partnership in June 2012, when Walgreens acquired a 45% equity ownership in Alliance Boots, with the option to proceed to a full combination by acquiring the remaining 55% of Alliance Boots in three years’ time. Walgreens expects to close the transaction in the first quarter of calendar 2015. A new holding company to be formed in connection with the transaction will be named Walgreens Boots Alliance, and will include four divisions: Walgreen Co.; Boots; Pharmaceutical Wholesale and International Retail; and Global Brands. In addition, the combined company is establishing a cross-divisional global pharmacy market access group. CEO and board member Greg Wasson will be president and CEO of Walgreens Boots Alliance, and Stefano Pessina, executive chairman of Alliance Boots, will be executive vice chairman of the combined company. Jim Skinner will serve as the non-executive chairman of the board of directors for the combined company.
06:02 EDTWAGWalgreen exercises option to acquire remaining 55% of Alliance Boots
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