|
|
|
Today's Free Fly Stories All of the free stories from today. |
|
|
| | 17:04 EDT |  | OCZ | OCZ Technology receives anticipated letter from NASDAQ
OCZ Technology announced that, as anticipated, the company received a letter from the Staff of the Listing Qualifications Department of NASDAQ indicating that, based upon the company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended February 28, 2013 with the SEC, as required by NASDAQ Listing Rule 5250(c)(1), the additional filing deficiency would be considered by the Listing Qualifications Panel in rendering a determination regarding the company's request for continued listing on NASDAQ. As previously reported, the company has not yet filed its Forms 10-Q for the fiscal quarters ended August 31, 2012 and November 30, 2012, or the restatement of its financial statements included in its Form 10-K for the fiscal year ended February 29, 2012 and its Form 10-Q for the fiscal quarter ended May 31, 2012 with the SEC, as required. The company has presented its plan to regain compliance with the Filing Requirements before the Panel at which it requested additional time within which to do so. The NASDAQ Hearings Panel has granted the company's request to extend the stay of the suspension of trading of the company's common stock pending the final determination regarding the company's listing status. | | | | 17:02 EDT | | HBAN | Huntington Bancshares names Dave Anderson interim CFO
 Subscribe for More Information | | | | 16:55 EDT | | DSPG | Starboard issues open letter to DSP shareholders
Subscribe for More Information | | | | 16:35 EDT |  | GAME | Shanda Games reports Q1 EPS 16c, consensus 15c
Reports Q1 revenue $173M, consensus $173.72M. | | | | 16:33 EDT |  | IDA | IDACORP files automatic mixed securities shelf
Subscribe for More Information | | | | | 16:33 EDT | | SMTC | Semtech sees Q2 adjusted EPS 50c-56c, consensus 53c
Subscribe for More Information | | | | 16:32 EDT | | LTD | L Brands sees FY13 EPS $2.95-$3.15, consensus $3.14
| | | | 16:32 EDT | | LTD | L Brands sees Q2 EPS 50c-55c, consensus 53c
Subscribe for More Information | | | | 16:32 EDT | | DCI | Donaldson increases dividend 30% to 13c
Subscribe for More Information | | | | 16:32 EDT | | LTD | L Brands reports Q1 EPS 48c, consensus 46c
ReportsQ1 revenue $2.27B, consensus $2.26B. Reports Q1 SSS up 3%. | | | | | 16:31 EDT | | SMTC | Semtech reports Q1 adjusted EPS 46c, consensus 46c
Subscribe for More Information | | | | 16:29 EDT | | TRNO | Terreno Realty acquires portfolio in Doral, FL for $23.7M
Subscribe for More Information | | | | 16:25 EDT |  | TGT, SKS, GS, KKR, ZLC, TSL, SPWR, SWI | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | | 16:23 EDT | | ALXA, TEVA | Alexza Pharmaceuticals chief commercial officer to leave company
Subscribe for More Information | | | | 16:21 EDT | | CEMI, PLL | Chembio Diagnostics appoints Sharon Klugewicz as its COO
Subscribe for More Information | | | | | 16:20 EDT | | OESX | Orion Energy to acquire Harris Manufacturing and Harris LED for $10M
Orion announced that it has signed a definitive agreement to acquire all of the issued and outstanding equity interests of Harris Manufacturing and Harris LED. Harris Manufacturing and Harris LED, located in Green Cove Springs, Florida, engineer, design, source and manufacture energy efficient lighting systems. The initial purchase price for the transaction is $10M, subject to closing date adjustments for net working capital, funded debt and certain other items. Subject to such adjustments, the purchase price will be paid in a combination of $5M of cash, $3M in a three-year unsecured subordinated note and $2M of unregistered Orion common stock. Additionally, Orion may pay up to an additional $1M in shares of unregistered common stock upon Harris' post-closing achievement of certain revenue milestones in calendar year 2013 and/or 2014. Consummation of the transaction is expected to occur early in Orion's 2Q14. The transaction is expected to be immediately accretive to Orion's earnings. | | | | 16:20 EDT | | TSLA | Tesla repays U.S. vehicle loan in conjunction with closing of securities offer
Subscribe for More Information | | | | 16:16 EDT | | MRK | FDA panel votes 13-3 that Merck insomnia drug safe in low doses, Bloomberg says
Subscribe for More Information | | | | 16:16 EDT |  | $NYE | NYSE market internals summary
Volume is heavy for this time of day. Breadth is mixed with issues and volume bearish while new highs to new lows are bullish (positive divergence). Advancing Issues: 665 / Declining Issues: 2381 -- for a ratio of 0.3 to 1. Advancing Volume: 179,296,000 / Declining Volume: 601,214,000 -- for a ratio of 0.3 to 1. New 52-Week Highs: 702 / New 52-Week Lows: 58.
| | | | 16:16 EDT | | $NSD | NASDAQ market internals summary
Subscribe for More Information | |
|
|
|
|
|
|
|
