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Stock Market & Financial Investment News

News Breaks
November 30, 2012
12:31 EDTVRSN, FIVE, FIZZ, WFM, ZNGA, S, CBK, ENZN, YUM, NTLS, RGC, TLAB, FBOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as negotiations in Washington to avert automatic spending cuts and tax hikes by the end of the year continue to dominate the headlines and move the market. With President Obama speaking at an event at midday and House Speaker Boehner scheduling a press conference for this afternoon, the volatility that has dominated recent days is likely to continue... ECONOMIC EVENTS: In the U.S., consumer spending fell 0.2% in October, versus expectations for a flat reading. Incomes were unchanged last month, versus expectations of a 0.2% gain. The Chicago PMI reading for November came in at 50.4, about in-line with forecasts for a 50.5 reading and indicating expansion after being below 50 last month. In Europe, the annual rate of consumer price growth in the shared currency nations fell to 2.2% in November from 2.5% in October, while unemployment in the euro zone rose to 11.7% from 11.6% in September. Also, German lawmakers approved the new aid deal struck for Greece. In Asia, Japanese industrial production unexpectedly rose 1.8% while unemployment came in as expected at 4.2%... COMPANY NEWS: Facebook (FB) and Zynga (ZNGA) disclosed that they have changed the terms of their partnership, meaning Facebook will now be able to develop its own games and Zynga won't have to use Facebook ad units or payments on its outside sites. Zynga shares fell 8% after the changes were publicized... Yum! Brands (YUM) provided guidance, including a softer outlook on China, and was downgraded by at least three firms. Shares fell over 9% following the announcement and the corresponding analyst notes... Several more companies announced special one-time dividends, including Whole Foods (WFM), Tellabs (TLAB), Enzon Pharmaceuticals (ENZN), National Beverage (FIZZ) and Regal Entertainment (RGC)... MAJOR MOVERS: Among the notable gainers were Christoper & Banks (CBK), up 23%, and Five Below (FIVE), up 15% following their quarterly reports. Among the noteworthy losers was NTELOS (NTLS), which fell 22% after FBR predicted its deal with Sprint (S) will not be renewed. Also lower were shares of VeriSign (VRSN), down 13% after it announced a revised .com agreement that limits its ability to increase prices... INDICES: Near noon, the Dow was down 13.60, or 0.10%, to 13,008.22; the Nasdaq was down 6.88, or 0.23%, to 3,005.15; and the S&P 500 was down 2.06, or 0.15%, to 1,413.89.
News For ZNGA;FB;YUM;WFM;TLAB;ENZN;FIZZ;RGC;CBK;FIVE;NTLS;S;VRSN From The Last 14 Days
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April 8, 2015
16:17 EDTZNGAZynga CEO Mark Pincus statement regarding return
"Don joined us in a very important time in our evolution. I sincerely thank him for his leadership in better serving our players in a mobile first world and for delivering world class quality and value to our consumers," said Mark Pincus. "The team's hard work for our mobile players has resulted in bookings growing from 27% mobile bookings when Don joined to 60% by the end of last year. Further, to deliver unique and differentiated value to our mobile players, Don and the team acquired NaturalMotion. NaturalMotion has surprised and delighted the world with Clumsy Ninja and CSR Racing resulting in more than 160 million installs to date. I am inspired by our upcoming products – it is the most exciting slate of mobile games in Zynga's history with titles like Empires & Allies, Dawn of Titans and FarmVille: Harvest Swap. These games are coming on the heels of one of the most successful mobile launches in our history with Wizard of Oz Slots, which was launched this past November by our Spooky Cool team in Chicago." Pincus continued, "Now that we are a mobile first company, it's time to renew our focus on our founding mission to connect the world through games and our vision to make play and social games a mass market activity. I am returning to the company that I love in order to accelerate innovation in the most popular categories like Action Strategy and strengthen our focus on our core areas like Invest and Express. I look forward to partnering with our leaders to intensify our focus on social experiences for the millions of consumers who play our games." At his request, Pincus will receive an annual salary of $1 in connection with his appointment to CEO.
16:14 EDTZNGAZynga to resume trading at 4:35pm ET
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16:12 EDTZNGAZynga CFO says Q1 was a 'strong quarter'
"Q1 was a strong quarter and we are confident in the outlook we gave during our Q4 2014 earnings call on February 12, 2015. Our teams are heads down and focused on our mobile-first product slate and we will be sharing details related to our product progress and financial performance during our Q1 earnings call on May 7, 2015," said David Lee, CFO, Zynga.
16:05 EDTZNGAZynga CEO Don Mattrick to depart; Mark Pinus to return to CEO role
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16:05 EDTZNGAZynga CEO Don Mattrick to depart; Mark Pinus to return to CEO role
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16:00 EDTZNGAZynga trading halted, pending news
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12:36 EDTFBGoogle, Facebook not discussing Twitter buyout, Re/code reports
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11:29 EDTWFMOptions with increasing implied volatility
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10:01 EDTRGCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Almost Family (AFAM) downgraded to Neutral from Outperform at Baird... Angie's List (ANGI) downgraded to Neutral from Buy at B. Riley... Annaly Capital (NLY) downgraded to Underperform from Market Perform at FBR Capital... Apple (AAPL) downgraded to Hold from Buy at Societe Generale... Calamos (CLMS) downgraded to Underperform from Market Perform at Keefe Bruyette... Catamaran (CTRX) downgraded to Hold from Buy at Argus... Cinemark (CNK) downgraded to Neutral from Buy at Janney Capital... Crestwood Equity (CEQP) downgraded at BofA/Merrill... Cummins (CMI) downgraded to Neutral from Buy at Goldman... Kinder Morgan (KMI) downgraded to Buy from Conviction Buy at Goldman... L'Oreal (LRLCY) downgraded to Neutral from Outperform at Exane BNP Paribas... NextEra Energy Partners (NEP) downgraded to Neutral from Buy at Goldman... Regal Entertainment (RGC) downgraded to Neutral from Buy at Janney Capital... Trina Solar (TSL) downgraded at BofA/Merrill... WebMD (WBMD) downgraded to Sell from Neutral at Goldman... Yingli Green Energy (YGE) downgraded at BofA/Merrill... Zep Inc. (ZEP) downgraded to Sell from Buy at Wunderlich.
08:42 EDTFBLivePerson should benefit from Facebook move, says Roth Capital
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06:30 EDTRGCRegal Entertainment downgraded to Neutral from Buy at Janney Capital
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06:06 EDTSSoftbank downsizing Silicon Valley presence, WSJ reports
SoftBank (SFTBF) has reduced its presence in Silicon Valley, relocating some employees to Japan and subsidiary Sprint's (S) headquarters in Kansas, The Wall Street Journal reports. The move to downsize comes after Sprint's failed bid to acquire T-Mobile US (TMUS) last year. Reference Link
April 7, 2015
16:00 EDTFBOptions Update; April 7, 2015
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12:36 EDTWFMOptions with increasing implied volatility
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06:00 EDTFBTurkey restores access to YouTube, Twitter, Facebook, FT reports
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April 6, 2015
20:07 EDTFBFacebook sued for facial biometric data collection, BI says
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08:40 EDTWFMOrganic Food sector to see increased competition, says Longbow
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06:45 EDTSQualcomm downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Qualcomm (QCOM) to Market Perform, removed the stock from its Top Picks list and dropped its price target for shares to $72 from $80. FBR said the moves were prompted by a posting on AT&T's (T) website which said the carrier’s version of the GS6 smarphone is powered by the Samsung Exynos 7420 processor with a Shannon 333 modem as opposed to Qualcomm's Snapdragon platform. FBR still expects the Verizon (VZ) and Sprint (S) GS6 versions to sport Qualcomm modems, but it believes the change at AT&T signals Samsung’s "clear intent to utilize proprietary baseband whenever and wherever possible." Shares of chip maker Qualcomm closed Thursday down $1.46 to $67.97.
06:03 EDTFBUber hires Facebook's Joe Sullivan as Chief Security Officer
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April 5, 2015
16:56 EDTFBEU considers major probe into Internet platforms, WSJ says
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