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Worst Performing Industries For July 15, 2014
Tuesday, July 15, 2014 - 10:02am | 196Read More...The Dow dropped 0.07% to 17,043.28, while the NASDAQ composite index tumbled 0.65% to 4,411.72. The broader Standard & Poor's 500 index fell 0.24% to 1,972.27. The worst performing industries in the market today are: Toy & Hobby Stores: This industry tumbled 2.83% by 11:00 am. The worst...
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Morning Market Losers
Tuesday, July 15, 2014 - 8:55am | 180Read More...Ocean Power Technologies (NASDAQ: OPTT) shares dropped 25.56% to $1.14. Form 8-K from Ocean Power Tech showed that Unit Victorian Wave Partners has terminated funding deed. Lorillard (NYSE: LO) shares slipped 7.07% to $62.47 after Reynolds American (NYSE: RAI) agreed to acquire Lorillard in a cash-...
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Benzinga's Top #PreMarket Losers
Tuesday, July 15, 2014 - 7:22am | 120Read More...Lorillard (NYSE: LO) dropped 6.01% to $63.18 in pre-market trading after Reynolds American (NYSE: RAI) agreed to acquire Lorillard in a cash-and-stock transaction valued at $27.4 billion, including the assumption of net debt. Tuniu (NASDAQ: TOUR) dipped 5% to $17.87 in pre-market trading after...
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US Stock Futures Mostly Higher Ahead Of Goldman Sachs Earnings
Tuesday, July 15, 2014 - 6:34am | 525Read More...Pre-open movers US stock futures traded mostly higher in early pre-market trade, ahead of earnings from Johnson & Johnson (NYSE: JNJ) and The Goldman Sachs Group (NYSE: GS). Data on retail sales for June, the Empire State manufacturing index for July and import price index for June will be...
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Benzinga's Weekend M&A Chatter
Sunday, July 13, 2014 - 7:05pm | 581Read More...The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday July 11 through Sunday July 13, 2014: Whiting Petroleum to Acquire Kodiak Oil & Gas for $6B in All-Stock Deal The Deal:Whiting Petroleum (NYSE: WLL) and Kodiak Oil & Gas (NYSE: KOG) announced...
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Stocks Hitting 52-Week Highs
Friday, July 11, 2014 - 9:13am | 154Read More...Gilead Sciences (NASDAQ: GILD) shares gained 0.84% to reach a new 52-week high of $89.69. Gilead Sciences' PEG ratio is 0.49. Lorillard (NYSE: LO) shares surged 5.02% to reach a new 52-week high of $66.26. Lorillard confirmed that Lorillard and Reynolds American (NYSE: RAI) are engaged in...
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Morning Market Movers
Friday, July 11, 2014 - 8:40am | 184Read More...Joe's Jeans (NASDAQ: JOEZ) rose 21.36% to $1.25 on Q2 results. The company reported a 56% surge in its quarterly revenue. InterCloud Systems (NASDAQ: ICLD) shares surged 15.71% to $6.48 after the company announced an update on network solution sales. American Apparel (NYSE: APP) shares gained 14....
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Benzinga's Top Initiations
Friday, July 11, 2014 - 8:18am | 146Read More...Analysts at JP Morgan initiated coverage on Halozyme Therapeutics (NASDAQ: HALO) with a Outperform rating. The target price for Halozyme Therapeutics is set to $13. Halozyme Therapeutics' shares closed at $9.29 yesterday. Cowen & Company initiated coverage on shares of Lorillard (NYSE: LO)...
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Cowen Initiates Lorillard At Underperform
Friday, July 11, 2014 - 7:37am | 56Read More...Cowen & Company initiated coverage on shares of Lorillard (NYSE: LO) with a Underperform rating. The target price for Lorillard is set to $57. Lorillard shares have jumped 36.65% over the past 52 weeks, while the S&P 500 index has surged 16.93% in the same period. Lorillard's shares...
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Benzinga's Top #PreMarket Gainers
Friday, July 11, 2014 - 7:10am | 147Read More...Joe's Jeans (NASDAQ: JOEZ) shares gained 18.45% to $1.22 in pre-market trading on Q2 results. The company reported a 56% surge in its quarterly revenue. Lorillard (NYSE: LO) shares surged 4.85% to $66.15 in pre-market trading. Lorillard confirmed that Lorillard and Reynolds American (NYSE: RAI)...
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US Stock Futures Gain; Wells Fargo Earnings In Focus
Friday, July 11, 2014 - 6:37am | 450Read More...Pre-open movers US stock futures rose in early pre-market trade. Wells Fargo & Company (NYSE: WFC) is projected to post its Q2 earnings. The U.S. Treasury monthly budget report for June will be released at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average surged 25 points to 16,867.00...
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UPDATE: Reynolds Responds to Imperial Tobacco Announcement: Confirms Discussions Related to Possible Deal with Lorillard
Friday, July 11, 2014 - 6:08am | 105Read More...Lorillard, Inc. (NYSE: LO) today confirmed that Lorillard and Reynolds American Inc. (NYSE: RAI) ("RAI") are engaged in discussions regarding RAI's potential acquisition of Lorillard. In connection with that transaction, RAI and Lorillard are in discussions with Imperial Tobacco Group PLC...
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Imperial Confirms Talks to Acquire Assets from Reynolds American, Lorillard Ahead of Merger
Friday, July 11, 2014 - 4:59am | 110Read More...Imperial Tobacco (OTC: ITYBY) confirmed it was in talks with Reynolds American (NYSE: RAI) and Lorillard (NYSE: LO) regarding a potential acquisition of assets from the two companies, ahead of their long-rumored merger, according to Reuters. Reports on Thursday indicated Reynolds and Lorillard were...
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Benzinga's Top #PreMarket Losers
Wednesday, July 9, 2014 - 7:11am | 128Read More...Gigamon (NYSE: GIMO) shares declined 30.47% to $12.64 in pre-market trading after the company warned that second-quarter revenue will fail to meet expectations. Goldman Sachs downgraded Gigamon from Buy to Neutral and lowered the target price from $29 to $14. The Container Store Group (NYSE: TCS)...
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Benzinga's Weekend M&A Chatter
Monday, July 7, 2014 - 4:31am | 447Read More...The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday July 3 through Sunday July 6, 2014: JANA Partners Reports 9.9% Stake in PetSmart The Stake:Shares of PetSmart (NASDAQ: PETM) rose 12.5% Thursday, following a 13D filing from JANA Partners, disclosing a 9...
