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News For ARMH;AZN;BMC;STD;HTWR;RY;COF;XOM;LGF From The Last 14 Days Check below for free stories on ARMH;AZN;BMC;STD;HTWR;RY;COF;XOM;LGF the last two weeks. |
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| May 17, 2013 |
| 10:36 EDT |  | AZN | Leerink's major/specialty pharma analyst holds analyst/Industry conference call
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| 08:41 EDT |  | AZN | Impax commenced shipment of authorized generic Zomig
Impax (IPXL) announced that its generics division, Global Pharmaceuticals, commenced shipment of authorized generic Zomig tablets, as part of an agreement with AstraZeneca (AZN). Zomig is indicated for the treatment of migraine headaches in adults. According to IMS Health data, U.S. sales of Zomig tablets and orally disintegrating tablets were approximately $196M in the 12 months ended April 2013. |
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| May 16, 2013 |
| 12:32 EDT |  | RY | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link |
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| 08:01 EDT | | XOM | FMC Technologies receives subsea equpiment order from ExxonMobil
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| May 15, 2013 |
| 17:03 EDT | | COF | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). |
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| 08:38 EDT |  | XOM | WTI crude falls for a fith consecutive day, Bloomberg reports
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| 08:38 EDT | | ARMH | ARM Holdings to host analyst and investor day
Analyst and Investor Day to be held in London on May 21 at 5 am. Webcast Link |
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| 07:20 EDT | | XOM | InterOil in final talks on ‘multi-billion dollar’ LNG deal, Bloomberg reports
InterOil Corp. (IOC), which has plans to develop an LNG project in Papua New Guinea, is in the final stage of talks with major oil producers and a national oil company for a “multi-billion dollar” partnership, reports Bloomberg. Royal Dutch Shell (RDS.A) has said it had discussions with InterOil and was interested in the proposed Papua New Guinea LNG plant. Reference Link |
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| 06:08 EDT | | COF | Capital One reports April U.S. charge-off rate 4.61% vs. 4.69% last month
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| May 14, 2013 |
| 07:24 EDT | | AZN | EBD Group to host a conference
BioTrinity 2013 is being held in Newbury, England on May 14-16. |
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| 07:20 EDT | | ARMH | JPMorgan to host a conference
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| 07:10 EDT | | XOM | IEA says North American oil will dominate world supply growth, WSJ reports
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| 06:19 EDT |  | RY | Royal Bank of Canada upgraded to Equal Weight from Underweight at Morgan Stanley
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| May 13, 2013 |
| 16:53 EDT | | AZN | Optimer gets bids from AstraZeneca, Cubist, Astellas, Bloomberg says
Optimer (OPTR) has received first round bids from AstraZeneca (AZN), Cubist (CBST), and Astellas, reports Bloomberg, citing people familiar with the matter. Shares of Optimer spiked higher following the report, closing up $1.85, or 14.44%, to $14.66. The report notes the company disclosed almost three months ago it was exploring its strategic options. Reference Link |
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| 15:55 EDT | | AZN | Optimer gets first round bids from AstraZeneca, Cubist, Bloomberg says
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| 06:49 EDT | | RY | ECB member says negative deposit rates would help economy, Reuters says
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| May 10, 2013 |
| 11:59 EDT |  | BMC | Options with decreasing implied volatility: GRPN DGIT BMC BAX TRIP
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| 11:48 EDT | | AZN | Drugmakers to face pressure on U.S. prices, Reuters says
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| May 9, 2013 |
| 15:16 EDT | | XOM | Exxon Mobil to build $10B LNG facility in Texas, Bloomberg reports
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| 11:33 EDT | | XOM | Exxon Mobil to host conference call
Vice President Rosenthal will host a conference call regarding the company's executive compensation on May 10 at 2 pm. Webcast Link |
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| 11:31 EDT | | BMC | Options with decreasing implied volatility: BMC TPX DGIT GRPN WTW
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| 10:17 EDT | | AZN | Shire trades higher in London amid takeover chatter, Guardian says
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| 06:31 EDT |  | BMC | BMC Software downgraded to Neutral from Positive at Susquehanna
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| 05:51 EDT | | BMC | BMC Software downgraded to Hold from Buy at Jefferies
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| May 8, 2013 |
| 16:00 EDT | | XOM | Options Update; May 8, 2013
CBOE Volatility Index VIX down 17c to 12.66. Option volume leaders: BAC GOOG C AAPL DIS X XOM according to Track Data. |
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| 12:14 EDT | | BMC | Options with decreasing implied volatility: MBI INVN EZCH BMC WTW
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| May 7, 2013 |
| 18:33 EDT | | XOM | Statoil sanctions Julia field development in Gulf of Mexico
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| 18:02 EDT | | XOM | Exxon Mobil to develop Julia oil field in Gulf of Mexico
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| 12:53 EDT | | BMC | Options with decreasing implied volatility: QCOR BMC FOSL TPX LNKD
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| May 6, 2013 |
| 19:57 EDT |  | BMC | BMC Software reports Q4 diluted EPS 87c, consensus 93c
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| 16:39 EDT | | BMC | On The Fly: Closing Wrap
The Wall Street averages were mixed as a light news flow and light volume did little to catalyze a further advance. Still, with its positive close, the S&P 500 managed to set a new all-time closing high. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Bank of America (BAC) and MBIA (MBI) announced a comprehensive settlement to resolve all claims between the two companies. As part of the settlement, Bank of America will pay MBIA $1.6B in cash, receive warrants to purchase a 4.9% equity stake in MBIA and provide a $500M credit facility to the bond insurer. Bank of America also said it would take $1.3B in Q1 charges related to the settlement and that its first quarter earnings would be negatively impacted by 10c per share. Shares of MBIA, which spiked higher near noon after Dow Jones first reported the settlement, closed up $4.46, or 45.37%, to $14.29. Bank of America shares added 64c, or 5.23%, to $12.88... A team of private-equity firms led by Bain Capital and Golden Gate Capital agreed to buy BMC Software (BMC) for $46.25 per share in cash, or $6.9B. BMC shares, which have added more than 14% year-to-date amidst reports of negotiations for the deal, closed unchanged at $45.42. MAJOR MOVERS: Among notable gainers was Arkansas Best (ABFS), up $4.18, or 39.62%, to $14.73 after reaching a tentative labor agreement with the Teamsters union. Also higher was Tesla (TSLA), up $4.95, or 9.07%, to an all-time closing high of $59.50 after Barclays raised its price target on shares to $56 from $38 and the company named Aston Martin's lead vehicle engineer as VP of vehicle engineering. Among the noteworthy losers were LINN Energy (LINE), down $1.97, or 5.21%, to $35.75, and its spin-off LinnCo (LNCO), down $2.59, or 6.2%, to $39.24, following a cautious mention in this weekend's Barron's magazine. Also lower were shares of Tyson Foods (TSN), down 83c, or 3.33%, to $24.10 after its earnings report. INDICES: The Dow was down 5.07, or 0.03%, to 14,968.89; the Nasdaq was up 14.34, or 0.42%, to 3,392.97; and the S&P 500 was up 3.08, or 0.19%, to 1,617.50. |
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| 16:23 EDT | | AZN | Array to start first company-led Phase 3 trial with MEK162
Array (ARRY) announced the planned start of its first company-led Phase 3 trial with MEK162 in low-grade serous ovarian cancer. This is the third MEK162 pivotal trial that is expected to initiate in 2013 and one of five pivotal trials Array expects to begin in 2013 on Array-invented products. Novartis (NVS), who is co-developing MEK162 with Array, previously stated that Phase 3 trials in NRAS-mutant melanoma and BRAF-mutant melanoma are expected to start this year and AstraZeneca has announced its plans to initiate two registration trials with selumetinib, a MEK inhibitor invente (AZN) d by Array, in KRAS-mutant non-small cell lung cancer and in thyroid cancer. Array also recently released initial data on its wholly-owned hematology drug, ARRY-520, from a combination trial with Velcade® (bortezomib) in patients with relapsed or refractory multiple myeloma (MM), showing that the drug was generally well-tolerated and showed initial signs of activity in this heavily pretreated population. |
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| 13:16 EDT | | AZN | AstraZeneca management to meet with Jefferies
Meeting to be held in New York on May 9 hosted by Jefferies. |
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| 12:53 EDT | | BMC | On The Fly: Midday Wrap
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| 12:07 EDT | | BMC | Options with decreasing implied volatility: PBI BMC SWI HLF WTW
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| 10:54 EDT |  | BMC | BMC Software takeout a positive for Emulex, says Craig-Hallum
Craig-Hallum said BMC Software's (BMC) takeout is a positive for Emulex (ELX) given Elliott's ownership and Board seats. The analyst believes shares can move higher on speculation that Elliott could succeed in a similar outcome for Emulex. Shares of Emulex are Hold rated with a $7 price target. |
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| 10:04 EDT | | HTWR | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: C&J Energy (CJES) downgraded to Neutral from Buy at Goldman.... Corcept Therapeutics (CORT) downgraded to Neutral from Overweight at Piper Jaffray... Exelon (EXC) downgraded to Neutral from Buy at ISI Group... HeartWare (HTWR) downgraded to Neutral from Outperform at Credit Suisse... Kimco Realty (KIM) downgraded to Neutral from Buy at Goldman... Moody's (MCO) downgraded to Outperform from Strong Buy at Raymond James... PACCAR (PCAR) downgraded to Neutral from Buy at BofA/Merrill... Unum Group (UNM) downgraded to Hold from Buy at Deutsche Bank... Weatherford (WFT) downgraded to Neutral from Strong Buy at ISI Group... Churchill Downs (CHDN) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Electronic Arts (EA) downgraded to Sell from Hold at Hudson Square... Summit State Bank (SSBI) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Ironwood (IRWD) downgraded to Neutral from Outperform at Cowen... Oil States (OIS) downgraded to Neutral from Add at Capital One... CYS Investments (CYS) downgraded to Neutral from Buy at Nomura... American Capital Agency (AGNC) downgraded to Neutral from Buy at Nomura... Integrys Energy (TEG) downgraded to Neutral from Buy at DA Davidson... Oil States (OIS) downgraded to Accumulate from Buy at Tudor Pickering... Delcath Systems (DCTH) downgraded to Market Perform from Outperform at JMP Securities... Comerica (CMA) downgraded to Neutral from Buy at BTIG... Eldorado Gold (EGO) downgraded to Sector Perform from Outperform at RBC Capital |
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| 09:26 EDT | | BMC | Elliott Management comments on sale of BMC Software for $6.9B
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| 09:14 EDT | | BMC | BMC Software deal valued at approximately $6.9B
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| 09:14 EDT | | BMC | BMC Software to be acquired for $46.25 per share by Bain Capital, Golden Gate
BMC Software has signed a definitive agreement to be acquired by a private investor group led by Bain Capital and Golden Gate Capital together with GIC Special Investments Pte Ltd and Insight Venture Partners. Under the terms of the agreement, affiliates of the Investor Group will acquire all outstanding BMC common stock for $46.25 per share in cash, or approximately $6.9B, representing an attractive premium to the company's unaffected stock price. The agreement was approved by unanimous vote of those directors present. Elliott Management, which owns 9.6% of the BMC common stock, has agreed to vote its shares in favor of the transaction. There is no financing condition associated with the proposed acquisition. Credit Suisse, RBC Capital Markets and Barclays have agreed to provide debt financing in connection with the transaction. The transaction, which is expected to close later this year, is subject to approval from BMC shareholders, regulatory approvals and other customary closing conditions. Under the terms of the agreement, for a period of 30 calendar days, BMC may solicit alternative proposals from third parties. BMC does not anticipate that it will disclose any developments with regard to this process unless and until the BMC board of directors makes a decision with respect to a potential superior proposal. There are no guarantees that this process will result in a superior proposal. |
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| 09:13 EDT | | BMC | BMC Software to be acquired for $46.25 per share by Bain Capital, Golden Gate
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| 09:07 EDT | | BMC | BMC Software trading halted, pending news
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| 07:27 EDT | | AZN | Bristol-Myers, AstraZeneca announces results of metreleptin study
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| 07:21 EDT | | LGF | CBS in talks to atke full ownership of TVGuide.com, Deadline Hollywood says
According to Deadline Hollywood, CBS Corp (CBS) is in the process of taking full ownership of TVGuide.com just a month after buying 50% of TV Guide, which encompasses TVGN and TVGuide.com. The publication says CBS is in talks with Lionsgate (LGF) about buying its half of TVGuide.com, which has been valued at about $20M. DirecTV (DTV) had reportedly been in talks to acquire TVGuide.com, but talks did not amount to a deal. Reference Link |
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| 06:20 EDT | | HTWR | HeartWare downgraded to Neutral from Outperform at Credit Suisse
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| 05:59 EDT | | BMC | BMC Software volatility up into private equity team set to buy
BMC Software overall option implied volatility of 33 is above its 26-week average of 27 according to Track Data, suggesting larger price movement into private equity team to buy BMC Software, WSJ reports. |
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| 05:56 EDT | | XOM | U.S. natural gas exports helped by geopolitical debate, WSJ reports
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| 05:21 EDT | | BMC | Private equity team to buy BMC Software, WSJ reports
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