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[ April 23, 2014 | Author: Admin | Views: 46946 | Weather: | Mood: normal]

U.S. stocks fell for a fourth day amid concerns over budget talks and economic growth as investors weighed prospects for easing tensions in the Middle East. Red Hat Inc. slumped 12 percent after billings at the largest seller of the Linux operating system trailed estimates. Homebuilders gained 2.3 percent as a group after a report showed home prices increased by the most in more than seven years and Lennar Corp.s profit beat analyst estimates. Applied Materials Inc. (AMAT) advanced 9.1 percent after agreeing to buy Tokyo Electron Ltd. for about $9.39 billion in stock. The Standard & Poors 500 Index fell 0.3 percent to 1,697.42 at 4 p.m. in New York. The Dow Jones Industrial Average lost 66.79 points, or 0.4 percent, to 15,334.59. About 6 billion shares changed hands on U.S. exchanges, in line with the three-month average. The market is riding waves of news, both good and bad, … Continue reading

[ April 23, 2014 | Author: Admin | Views: 27820 | Weather: | Mood: normal]

Cutting his ownership stake inlululemon atheltica (NASDAQ: LULU  ) from almost 28% to just over 25%, Chairman Dennis J. Wilson will be selling 3.4 million sharesvalued at a total of approximately $220 million based on Wednesday’s closing price of $64.50 per share, according to a registration statement the yogawear maker filed with the SEC this week. Wilson founded lululemon in 1998 and is the company’s largest voting shareholder. The company has about 145 million shares outstanding; Wilson currently has beneficial ownership of some 40.2 million. Shares of the clothing retailer plunged last month, losing nearly a quarter of their value, after CEO Christine Day resigned, raising questions about the long-term viability of the company.While the slight paring of Wilson’s holdings seems minimal, it adds to the concerns that have built up around the company.In addition to the executive resignation, the yogawear maker had a public relations headache earlier in the year … Continue reading

[ April 23, 2014 | Author: Admin | Views: 97881 | Weather: | Mood: normal]

European stocks posted their biggest weekly decline since November as reports signaled that the economic rebound in the U.S. has slowed, while the European Central Bank said risks remain to the euro areas recovery. Vodafone Group Plc lost 2.1 percent after Verizon Communications Inc. denied that it has considered buying the mobile-phone operator. Kazakhmys Plc and Evraz Plc slumped more than 7 percent this week, leading a gauge of mining stocks to its longest streak of losses in 13 years. Alcatel-Lucent SA advanced 3.9 percent as Deutsche Bank AG recommended that investors buy shares in the telecommunications equipment maker. The Stoxx Europe 600 Index (SXXP) fell 2.3 percent in the four-day week following the Easter holiday, completing its longest stretch of losses in more than 10 months. The slump pared the gauges advance so far this year to 2.7 percent. The Stoxx 600 had gained as much as 6.7 percent … Continue reading

[ April 23, 2014 | Author: Admin | Views: 81023 | Weather: | Mood: normal]

Cryoport, Inc. (CYRX) Today, CYRX has shed (-10.00%) down -0.050 at $.450 with179,695 shares in play thus far (ref. google finance Delayed: 12:35PM EDT October 4, 2013). Cryoport, Inc. and OCASA, Inc. have previously entered into a master services agreement to provide global cold chain logistics solutions for life science and biotech commodities requiring cryogenic temperatures. OCASA will have access to Cryoports full range of cryogenic business solution capabilities including its proprietary Cryoport Express庐 Shippers and cloud-based logistics management software platform, the CryoportalTM. Cryoport will leverage OCASAs global logistics network to provide more complete global services to its customers. In conjunction with Cryoport and OCASA providing each other with logistics solutions, the Companies will engage in co-marketing, joint sales activities, and a wide range of customer-driven support requirements to provide comprehensive and seamless solutions to the life sciences and biotech industries 10 Best Life Sciences Stocks To Own Right Now: … Continue reading

[ April 23, 2014 | Author: Admin | Views: 16762 | Weather: | Mood: normal]

Tribune Co., which owns the Los Angeles Times, Chicago Tribune and seven other daily newspapers, is reviewing possible cost cuts in its print publishing division. “We’re trying to determine how to put our publishing businesses on the best possible footing for the long term, to make them as strong as possible,” said company spokesman Gary Weitman in a statement. Weitman issued the statement after a Chicago media blog reported that Tribune CEO Peter Liguori has directed the vice presidents in the publishing unit to look for ways to save $100 million. GANNETT: Belo shareholders OK sale Calling the report “grossly inaccurate,” Weitman said the budget review is an annual procedure. “We’re in the process, as we are every year at this time, of conducting budget reviews at all of our businesses. Everything is on the table, as it is every year.” Top 10 Paper Companies To Buy For 2014: CenturyLink … Continue reading