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Stock Market & Financial Investment News

News Breaks
April 7, 2014
11:12 EDTTRLA, EJ, RP, Z, MOVE, LEDRZillow rises after monthly unique users jump in March
Shares of online real estate and home-related info provider Zillow (Z) are up after the company reported that its monthly unique users increased to 76.55M in March. WHAT'S NEW: Zillow reported on its company website after Friday's close that its monthly unique users for mobile apps and websites grew to 76.55M in March from 65.56M in February and 50.3M in March of last year. WHAT'S NOTABLE: On April 2, Zillow announced a partnership with Beijing Yisheng Leju Information Services in an effort to provide real-estate listings for a Chinse real-estate portal, which could give Chinese investors greater access to the housing market in the U.S. Financial terms of the partnership were not disclosed. In a written statement, Leju CEO Geoffrey Yinyu He said, "Many of our 60M users are interested in U.S. properties." Beijing Yisheng Leju Information Services is an affiliate of E-House (EJ). OTHERS TO WATCH: Other firms providing solutions for the real estate industry include Market Leader (LEDR), RealPage (RP), Trulia (TRLA), and Move, Inc. (MOVE). PRICE ACTION: During morning trading, shares of Zillow rose $3.41 or 3.75% to $94.41.
News For Z;EJ;LEDR;RP;TRLA;MOVE From The Last 14 Days
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November 24, 2014
16:07 EDTZZillow expands Seattle headquarters
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November 20, 2014
10:02 EDTEJOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Zoetis (ZTS) downgraded to Market Perform from Outperform at William Blair... Target (TGT) downgraded to Hold from Buy at Evercore ISI... Alexandria Real Estate (ARE) downgraded to Neutral from Outperform at RW Baird... Allscripts (MDRX) downgraded to Sector Perform from Outperform at RBC Capital... athenahealth (ATHN) downgraded to Underperform from Sector Perform at RBC Capital... Boston Properties (BXP) downgraded to Neutral from Outperform at RW Baird... Cliffs Natural (CLF) downgraded to Hold from Buy at Deutsche Bank... Cubist (CBST) downgraded to Neutral from Outperform at Credit Suisse... Denbury Resources (DNR) downgraded to Equal Weight from Overweight at Barclays... E-House (EJ) downgraded to Perform from Outperform at Oppenheimer... Owens-Illinois (OI) downgraded to Market Perform from Outperform at BMO Capital... Quality Systems (QSII) downgraded to Sector Perform from Outperform at RBC Capital... Sapient (SAPE) downgraded to Hold from Buy at Stifel... Harsco (HSC) downgraded to Hold from Buy at Argus... Credit Acceptance (CACC) downgraded to Underperform from Market Perform at JMP Securities... Liberty Media (LMCA) downgraded to Hold from Buy at Telsey Advisory.
07:46 EDTEJE-House price target lowered to $16 from $20 at Brean Capital
Brean Capital lowered its price target on E-House to $16 from $20 following the company's Q4 results, citing seasonality, the market's overall slowdown, and lowered guidance. Brean Capital maintained its Buy rating to reflect the company's execution and leadership in e-commerce.
07:24 EDTZGoldman to hold a conference
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06:10 EDTEJE-House downgraded to Perform from Outperform at Oppenheimer
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November 19, 2014
12:40 EDTZZillow volatility low as shares rally on positive mention at Sohn London
Zillow December call option implied volatility is at 49, January is at 48; compared to its 26-week average of 55 according to Track Data, suggesting decreasing price movement after positive mention at Sohn London conference .
09:17 EDTZZillow jumps 5% after positive mention at Sohn London conference
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09:16 EDTZMessara says Zillow shares could reach $770, Bloomberg reports
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09:16 EDTEJOn The Fly: Pre-market Movers
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06:19 EDTEJE-House lowers 2014 revenue view to $870M-$890M from $910M-$930M
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06:18 EDTEJE-House reports Q3 adjusted EPS 9c, consensus 19c
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November 17, 2014
15:43 EDTMOVEGabelli liquidates stake in Move, Inc.
Gabelli's most recent stake, as reported on November 3, was 8.84%. As a result of the completion of the acquisition of the company by News Corp. (NWSA), Gabelli no longer has beneficial ownership of any of its shares.
14:13 EDTZZillow's Agentfolio to shut down
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11:11 EDTEJHigh option volume stocks:
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07:48 EDTEJE-House provides additional capital for Shanghai Weidian
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November 14, 2014
08:29 EDTMOVENews Corp completes acquisition of Move, Inc
News Corp announced that it has successfully completed its acquisition of Move, Inc. Move is a provider of online real estate services and operates a network of sites, including realtor.com, the official website for the National Association of Realtors. The previously announced tender offer by a subsidiary of News Corp for all of the outstanding shares of Move common stock at a price of $21.00 per share expired as scheduled at the end of the day, 12:00 midnight, New York City time, on November 13, 2014. Excluding shares tendered by notice of guaranteed delivery, a total of approximately 34,299,586 shares were validly tendered into and not withdrawn from the tender offer, representing, together with the shares owned by News Corp and its subsidiaries, approximately 83.1% of Move’s outstanding shares. As a result, News Corp, through its subsidiary, has accepted for payment and will promptly pay for all such validly tendered shares pursuant to the terms of the tender offer. Following its acceptance of the tendered shares, News Corp completed the acquisition by causing the merger of its subsidiary with and into Move without a vote of Move’s stockholders, pursuant to Section 251(h) of the Delaware General Corporation Law. Upon completion of the merger, Move became an indirect, wholly-owned subsidiary of News Corp. As a result of the merger and in accordance with the terms of the merger agreement, all eligible Move shares not tendered into the tender offer were cancelled and converted into the right to receive $21.00 per share in cash, without interest and less any applicable withholding taxes, the same price per share offered in the tender offer. As a result of the acquisition, Move shares ceased to be traded on the NASDAQ Stock Market. REA Group Limited, in which News Corp owns a 61.6% interest, has entered into a definitive agreement with News Corp to acquire a 20% stake in Move. The transaction is expected to be completed on November 17.
November 13, 2014
14:50 EDTMOVELonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTMOVELonestar capital to shut down, DJ reports
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07:38 EDTZBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
November 12, 2014
08:06 EDTZPacific Crest to hold a conference
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