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a few pre Droppers
EDAP TMS SA (NASDAQ: EDAP) fell 39.47% to $2.07 in pre-market trading following the FDA Panel rejection of Ablatherm-HIFU for the treatment of prostate cancer.
QuickLogic (NASDAQ: QUIK) dropped 23.40% to $3.24 in pre-market trading after the company reported a Q2 loss of $0.04 per share on revenue of $6.80 million .
Grifols SA (NASDAQ: GRFS) shares declined 9.80% to $38.10 in pre-market trading after falling 0.07% on Wednesday.
Glu Mobile (NASDAQ: GLUU) dipped 7.97% to $6.35 in pre-market trading after the company reported a Q2 loss of $0.02 per share on revenue of $40.90 million . Benchmark downgraded Glu Mobile from Buy to Hold.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
VTEQ A/S 50M to 500M
http://ih.advfn.com/p.php?pid=nmona&article=63090138&xref=newsalert
def 14c link 5:07pm et
To the Stockholders of VeriTeQ Corporation:
The accompanying Information Statement has been filed with the Securities and Exchange Commission (the "Commission") and is being furnished, pursuant to Section 14C of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to the holders (the “Stockholders”) of the common stock, par value $0.01 per share (the “Common Stock”), of VeriTeQ Corporation, a Delaware corporation (the “Company”), to notify such Stockholders that on June 18, 2014, the Company received written consents in lieu of a meeting of the Stockholders from holders of shares of voting securities representing approximately 57% of the total issued and outstanding shares of voting stock of the Company (the “Majority Stockholders”) to authorize the Company’s Board of Directors (the "Board") to approve the following:
(1) to increase the number of authorized shares of the Company’s Common Stock from 50,000,000 shares to 500,000,000 shares (the “Increase in Authorized Common Stock”);
(2) to reduce the par value of the Company’s Preferred Stock from $10.00 per share to $0.01 per share (the “ Decrease in Preferred Stock Par Value”); and
(3) to approve and adopt the Company’s 2014 Stock Incentive Plan (the “2014 Stock Plan”).
49 47 new H L
New Highs 49
COMPANY SYMBOL HIGH VOLUME
------- ------ ---- ------
Alliance Resource Prtnrs ARLP 53.84 161,660
Amedisys AMED 19.35 1,409,268
Amgen AMGN 131.24 6,315,951
Amsurg 5.25% Conv. Pfd. A AMSGP 106.00 50,301
Argo Grp 6.5% Sr Nts 2042 AGIIL 24.94 19,435
Arris Grp ARRS 35.10 1,346,535
CH Robinson Worldwide CHRW 69.50 3,210,694
Calamos Asset Mngmt Cl A CLMS 13.90 250,379
Cherokee CHKE 17.06 9,281
El Pollo Loco Holdings LOCO 35.85 8,669,451
Firstservice FSRV 55.50 10,598
Gilead Sciences GILD 94.34 7,042,782
Golar LNG GLNG 65.00 580,186
Grupo Galicia GGAL 18.50 2,119,850
Hallador Energy HNRG 13.77 59,984
Heska HSKA 13.79 165,122
Hologic HOLX 26.35 2,228,282
IF Bancorp IROQ 17.45 11,892
Icon PLC ICLR 52.97 1,403,830
Idenix Pharmaceuticals IDIX 24.45 587,085
Ironwood Pharm Inc IRWD 15.95 637,277
iSh MSCI AC xJapan AAXJ 66.03 626,897
iSh Emg Mk Cnsmr Discrec EMDI 60.94 125
K2M Group Holdings Inc. KTWO 17.54 32,224
Lawson Products LAWS 18.42 8,435
Le Gaga Holdings Ltd GAGA 3.98 64,138
Liberty Tax Inc. TAX 35.07 4,268
NVECorp NVEC 65.78 25,801
Natus Medical BABY 29.55 403,919
Northern Trust NTRS 67.96 800,109
Oxbridge Re Holdings Ltd. OXBR 8.86 40,066
PAM Transportation Svcs PTSI 35.79 9,905
Pacific Ethanol PEIX 19.10 831,246
Pacific Mercantile Bncp PMBC 7.16 55,739
Pantry PTRY 18.61 611,130
Quotient Wt QTNTW 2.87 63,591
RF Micro Devices RFMD 11.70 12,593,979
Reading Intl B RDIB 11.50 400
Rightside Group NAMEV 16.00 15,841
SBA Comm SBAC 108.92 769,111
Sound Financial Bancorp SFBC 18.23 356
Stericycle SRCL 125.43 127,280
Summer Infant SUMR 4.41 99,283
TriQuint Semiconductor TQNT 18.83 3,738,373
Tucows Inc TCX 16.31 46,966
Tuniu Corp. ADS TOUR 21.67 401,494
Unity Bancorp UNTY 9.81 400
Western Digital WDC 102.67 1,101,116
Westmrlnd Coal Dep pfd A WLBPZ 74.19 330
New Lows 47
COMPANY SYMBOL LOW VOLUME
------- ------ ---- ------
AV Homes AVHI 15.15 8,192
Active Power ACPW 2.48 92,327
Acxiom ACXM 18.54 465,949
Applied Micro Circuits AMCC 8.11 3,695,611
Beacon Roofing Supply BECN 27.85 82,988
Big 5 Sporting Goods BGFV 9.80 736,462
Blue Nile NILE 25.86 90,819
CBD Energy Ltd. CBDE 2.16 10,850
CIM Commerical Trust CMCT 21.00 9,085
Cerulean Pharma CERU 4.02 18,522
China Recycling Energy CREG 1.45 838,642
Compass US 500 Volatility CFA 34.48 218
Compass US EQ Incm 100 CDC 34.54 3,198
Compuware CPWR 9.15 1,605,843
Dawson Geophysical Co DWSN 25.41 6,284
Delcath Systems Inc DCTH 2.02 185,808
Destination Maternity DEST 20.00 681,968
Dorman Products DORM 42.68 2,001,045
DreamWorksAnimation DWA 19.20 6,874,474
Education Management EDMC 1.22 52,032
FT Dorsey Wright Inl Foc5 IFV 19.82 13,131
Francesca's Holdings FRAN 12.39 947,841
Garnero Grp Acqn Rt GGACR 0.31 73,200
Geospace Technologies GEOS 41.31 150,011
GlobeImmune Inc. GBIM 9.36 7,113
Hibbett Sports HIBB 49.93 253,915
Image Sensing Sys ISNS 2.87 6,841
Innospec IOSP 39.78 32,890
Innovative Sols & Support ISSC 5.85 49,667
KiOR KIOR 0.32 124,073
Medallion Fincl TAXI 11.20 140,004
Merit Medical Systems MMSI 11.41 1,181,445
Michaels Cos. Inc. MIK 14.85 296,695
Multimedia Games Holding MGAM 23.37 1,675,255
Natl Bankshares NKSH 29.06 2,650
Neptune Techs & Biores NEPT 2.08 292,096
Pac Sunwear of California PSUN 1.86 1,011,113
Pluristem Therapeutics PSTI 2.83 87,073
QLogic QLGC 9.10 490,469
Roka Bioscience ROKA 10.01 37,547
Spark Energy SPKE 17.30 137,636
Spartan Motors SPAR 4.29 36,157
TGC Inds TGE 3.80 72,528
Targacept TRGT 2.74 297,420
TeleNav TNAV 4.91 72,265
TerraForm Power TERP 30.88 910,807
Viper Engy Ptrs L.P. Un VNOM 30.35 214,115
s-Split or stock dividend of 10 percent or more in the past 52 weeks.
n-New issue in past 52 weeks and does not cover the entire 52 week period.
Source: WSJ Market Data Group
(END) Dow Jones Newswires
07-30-14 1419ET
Copyright (c) 2014 Dow Jones & Company, Inc.
DEJ seeing that. RT hit.
DEJ #1 searched at TheLion
http://www.thelion.com/bin/forum.cgi?cmd=most_searched
RT hit on poor Q4. Like only 1/4 prior earnings.
-15% w/ slight rise off low. $6.03 -$1.08
12:03 PM EDT, 07/30/2014 (MT Newswires) -- Ruby Tuesday (RT) is sharply lower Wednesday following disappointing Q4 results out late Tuesday.
The restaurant chain said that its fiscal Q4 earnings, excluding special items, were $0.03 per share, down from $0.12 per share last year as its new strategic brand transformation is slow to show results. Analyst estimates were not available. Net revenue fell 2.8% to $307.3 million from $316.1 million in the Q4 due in part to a 36 count decrease in company-owned restaurants.
Management states the Q4 environment was difficult and provided challenges as it implements a move to transform restaurants into a more "energetic, affordable and casual brand."
For the full year, FY2014 fully diluted loss from operations, excluding special items, of $0.81 per share versus a gain of $0.23 in FY201413
RT provided guidance for FY2015 same-restaurant sales to be in the range of -1% to +1%. For the year, RT expects same restaurant sales to be flat to up 2%. Management sees operating margins to be 15% - 16% of sales compared to 15.1% in fiscal 2014.
Shares are down 17.5% to $5.86 per share in midday Wednesday trading on 1.1 million shares, double average daily volume. RT now trades near the low end of a 52-week price range of $5.14 - $8.22 per share.
Price: 5.90, Change: -1.21, Percent Change: -17.02
http://www.mtnewswires.com © 2014 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
PTRY holding its highs 18.33
11:25 AM EDT, 07/30/2014 (MT Newswires) -- The Pantry (PTRY) shares hit their highest level since July 2011 after reporting fiscal Q3 earnings and sales that were well ahead of analysts' expectations.
PTRY was most recently up 18% at $18.35 in late-morning trading, down from the high of $18.61. The 52-week low is at $10.99.
The convenience store chain said earnings excluding impairment charges more than doubled to $0.64 per diluted share from $0.28 the year earlier, beating the $0.36 average estimate from analysts polled by Capital IQ. Sales rose to $2.02 billion from $1.99 billion a year ago, coming in ahead of the $1.9 billion consensus.
On a reported basis, net income nearly tripled to $14.02 million or $0.61 per diluted share from $5.94 million or $0.26 a year ago. Comparable store merchandise revenue increased 2.3%.
Price: 18.34, Change: +2.75, Percent Change: +17.61
http://www.mtnewswires.com © 2014 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
PNRA jumps +$7 now
8am ET
Panera Bread (NASDAQ: PNRA) shares spiked in Tuesday's after-hours after the company's second-quarter's bottom line exceeded Wall Street's expectations.
Yet the company offered a third-quarter and full-year outlook below analysts forecasts, citing lower growth in the average check as well as higher-than-expected costs.
CEO Ron Shaich said although the average check declined 0.03 percent in the second quarter because of product mix, "we expect this will remain only a shorter-term drag."
Same-store second-quarter sales were unchanged from a year earlier, although excluding a shift in the Easter holiday to the second quarter, same-store sales grew an estimated 0.5 percent.
The operating margin narrowed -- for at least the second quarter in a row by 250 basis points -- once again on higher food and marketing expense as well as higher investments on operations.
Panera forecast third-quarter income of $1.40 to $1.46 per share and cut its 2014 outlook to $6.65 to $6.80 per share, from $6.80 to $7 per share,
Wall Street expects third-quarter earnings of $1.53 and full-year earnings of $6.86 per share.
In the recent quarter, net income fell four percent to $49.2 million , or $1.82 per share, from $51 million , or $1.74 a year earlier.
Revenue grew 11 percent from $589 million to $631 million .
Wall Street expected earnings of $1.74 , on revenue of $639.5 million .
Panera traded recently at $148.00 , up 0.94 percent.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
PNRA oops. more stocks
9:15am et
Among the companies with shares expected to actively trade in Wednesday's session are Twitter Inc. (TWTR), Sprint Corp. (S), Humana Inc. (HUM) and Hess Corp. (HES).
Twitter reported Tuesday its second-quarter revenue more than doubled and the company saw an uptick in user growth, signaling its efforts to make the short messaging service more appealing to the masses may be bearing fruit. Shares surged 23.8% to $47.74 in premarket trading.
Sprint said it swung to a profit in its fiscal first quarter, as its operating expenses declined and it narrowed its loss of the most lucrative contract customers. Shares rose 3.3% to $8.26 in premarket trading.
Humana said its second-quarter profit fell 18% as a surge in benefit costs helped offset an increase in revenue. The company reaffirmed its full-year earnings guidance. Shares fell 4.3% to $121.99 premarket.
Hess said it plans to pursue a spinoff of some midstream assets, mostly in North Dakota , to create a separately traded company to support growth of its production in the Bakken oil shale. Shares gained 4.2% to $103.62 premarket.
Goodyear Tire & Rubber Co. (GT) reported a nearly 18% jump in its second-quarter profit as sales in North America , combined with some cost-squeezing in Europe , offset the economic weakness in other parts of the world. Shares dipped slightly to $27.50 premarket.
Southern Co. (SO) said its second-quarter earnings more than doubled amid stronger electricity sales and a year- earlier period than included one-time charges. Shared edged up to $44.95 premarket.
Carlyle Group L.P. (CG) said it swung to a second-quarter profit on a surge of private-equity deal profits, as the firm ramped up its buying and selling of companies. Shares were inactive premarket.
WellPoint Inc. (WLP) said its second-quarter profit slipped as the health insurer recorded higher expenses, masking a boost in revenue and enrollment. Still, the company again raised its earnings outlook for the year. Shares were inactive premarket.
Hospira Inc. (HSP) said its second-quarter profit more than doubled on higher sales. Results easily topped analysts' expectations. Shares were up 2.1% to $53.01 premarket.
Barclays PLC (BCS) is under renewed pressure in the U.S. after it disclosed Wednesday that authorities extended for two more years an agreement that essentially puts the bank on probation while the government looks into possible misconduct. The bank also reported it swung to a profit in its second quarter.
Booz Allen Hamilton Holding Corp. (BAH) said its fiscal first-quarter profit edged up 1.1%, even as the consulting company's revenue fell amid tepid spending from federal government clients.
Public Service Enterprise Group Inc. (PEG) said its second-quarter earnings fell 36% as the power company's operating revenue declined. The company said it expects full-year earnings at the upper end of its forecast.
Dominion Resources Inc. (D) said its second-quarter earnings declined 21%, dented by milder weather and one-time legislation-related charge.
Valero Energy Corp. (VLO) said its second-quarter profit rose 26% as the company's refining segment enjoyed higher volumes and operating income.
Lorillard Inc. (LO) said its second-quarter profit declined slightly as a drop in sales for the company's e-cigarettes offset a slight increase in sales for traditional cigarettes.
Rockwell Automation Inc. (ROK) said its fiscal third-quarter earnings fell 2% owing to tax impacts, while revenue growth at its architecture and software segment offset declines at its control-products unit.
Energizer Holdings Inc. (EZR) said its fiscal third-quarter earnings fell 26% as higher expenses masked an increase in revenue, though the company's household products segment posted lackluster sales.
Pfizer Inc. (PFE) agreed to acquire Baxter International Inc.'s (BAX) portfolio of marketed vaccines for $635 million .
Amazon.com Inc. (AMZN) said it will invest $1 billion to expand in India as competition for customers heats up in the South Asian e-commerce market.
Watchlist:
Aflac Inc.'s (AFL) second-quarter profit fell 8.8% as the insurance company was hit by lower revenue and a difficult exchange rate with Japan .
American Express Co.'s (AXP) second-quarter profit rose 9%, driven by a gain on the sale of half of its corporate- travel business and higher spending by cardholders.
Ameriprise Financial Inc.'s (AMP) second-quarter profit rose 16.5% as the financial-services company posted a strong performance in its advice and wealth-management unit.
Amgen Inc. (AMGN) said it plans to reduce its global workforce by 12% to 15% and close facilities in two states as part of a restructuring that aims to focus resources on developing new drugs.
Anadarko Petroleum Corp.'s (APC) second-quarter profit fell 76% on hedging impacts that masked the oil-and-gas company's stronger sales.
Buffalo Wild Wings Inc. (BWLD) reported strong results for the second quarter, but its net earnings forecast for the year fell short of the Street consensus.
DreamWorks Animation SKG Inc. (DWA) swung to a second-quarter loss as revenue dropped nearly 43% as the film studio continues to feel the fallout from recent flops. The company disclosed Tuesday the Securities and Exchange Commission is investigating the company's write-down on "Turbo," a summer 2013 film release.
Edwards Lifesciences Corp.'s (EW) second-quarter profit surged amid continued sales growth for the company's nonsurgical heart valves and a large one-time settlement-related gain.
Apartment developer Equity Residential (EQR) reported second-quarter normalized funds from operations at the high end of its guidance, saying demand for rental housing "remains exceptionally strong."
Express Scripts Holding Co.'s (ESRX) second-quarter profit fell 5.1% on lower revenue and higher expenses, including acquisition costs.
Carl Icahn's investor group trimmed its stake in Family Dollar Stores Inc. (FDO), a day after the discount retail chain agreed to an $8.5 billion buyout offer from rival Dollar Tree Inc. (DLTR).
Genworth Financial Inc.'s (GNW) second-quarter profit rose 25%, with the insurer reporting strong results from its mortgage business and a disappointing performance by its long-term care insurance business.
Global Payments Inc.'s (GPN) fiscal fourth-quarter profit rose 26.5% as the credit-card processor recorded a jump in revenue.
A unit of IAC/InterActive Corp. (IACI) reached a deal to buy test-preparation service The Princeton Review from Charlesbank Capital Partners , the companies said Tuesday.
Marriott International Inc.'s (MAR) second-quarter earnings rose 7.3% on an increase in revenue and on a key industry metric buoyed by stronger average daily room rates.
Newmont Mining Corp. (NEM) swung to a profit in the second quarter. The gold-mining company also said it plans to invest up to $1 billion in cash to develop the Merian gold mine in Suriname.
Nutrisystem Inc.'s (NTRI) second-quarter profit rose sharply as the weight-loss products company reported higher sales and double-digit new customer growth.
Panera Bread Co.'s (PNRA) second-quarter net profit slipped as higher costs masked an uptick in sales.
U.S. Steel Corp.'s (X) second-quarter loss narrowed as the company continues to cut costs amid a still-glutted global market.
Write to Tom Rojas at tom.rojas@wsj.com and Maria Armental at maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
07-30-14 0915ET
Copyright (c) 2014 Dow Jones & Company, Inc.
CARB cut by BoA
9:10a et
In a report published Wednesday, Bank of America analyst Scott S. Shiao downgraded the rating on Carbonite (NASDAQ: CARB) from Neutral to Underperform, but lowered the price target from $12.00 to $9.00 .
In the report, Bank of America noted, “Revenue and EPS came in slightly above expectations and management guided to higher 3Q and full-year EPS, with guidance raised to ($0.01)-$0.01 , above our/consensus estimates of ($0.04) , and ($0.06)-$0.02 for the full-year, above our/consensus estimate of ($0.07) , despite ongoing investments into developing channel partners and datacenter builds/transfers for the year. Nevertheless, we are surprised that small and medium business (SMB) bookings growth came in the lower end of guidance, and the bookings growth was adjusted downward from the original range of 40-50% range to 30-45% due to a weaker than expected endpoint backup solution.”
Carbonite closed on Tuesday at $9.67 .
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Baltic Dry Index claws back; MICEX halt
Baltic +0.9% to 754 8:30a Example:
09:00 AM EDT, 07/30/2014 (MT Newswires) -- Shipping-transportation services company Diana Shipping (DSX) was upgraded Wednesday by analysts at Stifel Nicolaus to a buy investment rating from hold.
The firm set its price target on the stock at $12 a share, which marks a potential upside of 23% from DSX's Tuesday close.
Shares of DSX were up 2.3% to $9.41 in recent Wednesday pre-market trading, amid a 52-week trading range of $8.83 to $13.93.
Price: 9.41, Change: +0.21, Percent Change: +2.28
http://www.mtnewswires.com © 2014 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
MICEX temp halt, Russia rubles stock exchange, no reason yet.
Maybe related to Obama yest.
VBIV VBI Vaccines R/S 1-5 today
missed this one. Actually did ok ending up unlike many, up ah too.
TDA info @10:33am et Don't know if announced. Nasdaq $5.67
VBI Vaccines Inc VBIV:NASDAQ
VBI Vaccines Inc has announced a 1-5 split effective 7/29/14.
Ahh was at Open. Merger, 2 PIPEs.
http://ih.advfn.com/p.php?pid=nmona&article=63049986
JPMorgan to cut hundreds of tech workers
Missed this @noon with so much going on.
As revenue declines, the bank will be handing out pink slips to tech-support employees in its corporate and investment bank.
By Bloomberg News
July 29, 2014 11:40 a.m.
JPMorgan Chase is cutting hundreds of tech support staff in its investment and corporate bank divisions.
(Bloomberg) -- JPMorgan Chase & Co., the biggest U.S. lender, is cutting hundreds of technology support employees in its corporate and investment bank amid a revenue decline, people with knowledge of the move said.
Workers in locations including New York, Tampa, Chicago and Dubai were notified of the cuts this month, said the people, who asked not to be identified because they weren't authorized to discuss the matter. Luke Moranda, a managing director in charge of clearing technology, and Dan Cronin, an executive director, were among those let go, the people said.
Wall Street firms are trimming expenses by paring support employees and moving personnel to lower-cost locales amid a decline in fixed-income trading. JPMorgan's corporate and investment bank, run by Daniel Pinto, posted a 12% revenue drop to $17.6 billion in the first six months of 2014, while noninterest expenses declined by 1.6% to $11.7 billion.
"We continue to be focused and diligent on managing expenses and operating as efficiently as possible across our businesses," Chief Financial Officer Marianne Lake said this month in a conference call.
Messrs. Moranda and Cronin didn't respond to e-mailed messages seeking comment. Brian Marchiony, a spokesman for New York-based JPMorgan, declined to comment.
Severance packages came with letters explaining that the bank's staffing needs have changed along with "changes in our business," the people said. Some workers accepted demotions to reduce compensation costs.
JPMorgan has cut about 6,000 employees in the first six months of the year, leaving it with 245,192 workers at June 30 and exceeding a forecast in February that it would reduce total headcount by 5,000. The bank, which acquired Washington Mutual Inc.'s bank units and Bear Stearns Cos. during the financial crisis, is streamlining the group's technology systems.
Low volatility in debt and equity markets and new regulations have crimped trading, leading to Wall Street's worst start to a year in trading revenue since the 2008 financial crisis. An increase in client activity in June failed to carry over into July, Ms. Lake said on the July 15 conference call.
"Our general operating assumption is that the next two quarters will continue to have low activity year-over-year," Chief Executive Officer Jamie Dimon, 58, said on the call. "That could change on a dime, as you know, but that's just how we're going to run the business."
DEJ ah news, price tips up bit.
PLUG slightly up too ah. Looks to be raising A/S per a filing.
MW article has PLUGD. Maybe typo?
-------------DEJ
Briefing.com
5:08 pm Dejour's Roan Creek recoverable resource estimate pegged at 67.5 BCFe gas (DEJ) :
•Co announces receipt of an assessment of contingent and prospective recoverable resources effective July 1, 2014 for the Co's 100% WI resource project covering 1960 net acres at Roan Creek in the SW Piceance Basin. Logistically Roan Creek is easily accessed, being central among 28 new Mancos vertical and horizontal producers in the SW Piceance. Dejour has proceeded with an application for drilling as part of its expected 2015-16 development campaign.
•The Co is encouraged by production profiles of these recently drilled Mancos/Niobrara wells that show expected recoveries as much as 6 BCF per Hz well in the Mancos alone at depths to 8500'.
•"Receipt of the Gustavson report of estimated recoverable resources at Roan Creek is very timely for Dejour as it provides both a detailed analysis of the production potential associated with our leasehold and validates our belief in the long-term value of the Mancos/ Niobrara.
•Given favorable commodity pricing, and, when coupled with our current Kokopelli JV activity, the Co is well positioned to exploit the prolific Mancos/ Niobrara to further enhance to its Colorado reserve base," states Robert L. Hodgkinson, CEO.
Clever growing Qaeda ransom tactic.
SPECIAL REPORT Tuesday, July 29, 2014 5:19 PM EDT NY Times
Qaeda Coffers Swell as Europe Pays Millions in Quiet Ransoms
Kidnapping Europeans for ransom has become a global business for Al Qaeda, bankrolling its operations across the globe.
While European governments deny paying ransoms, an investigation by The New York Times found that Al Qaeda and its direct affiliates have earned at least $125 million in revenue from kidnappings since 2008, of which $66 million was paid just in the past year.
In various news releases and statements, the United States Treasury Department has cited ransom amounts that, taken together, put the total at around $165 million over the same period.
These payments were made almost exclusively by European governments, who funnel the money through a network of proxies, sometimes masking it as development aid, according to interviews conducted for this article with former hostages, negotiators, diplomats and government officials in 10 countries in Europe, Africa and the Middle East.
READ MORE »
http://www.nytimes.com/2014/07/30/world/africa/ransoming-citizens-europe-becomes-al-qaedas-patron.html?emc=edit_na_20140729
PNRA been soft I thought.
hmm Is PLUG doing R/S? Seeing PLUGD in a MW release on it.
This just seems to mention raising A/S? Up a tick AH I think.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10111668
Haven't there been downish stories about it lately? Thought competition from Starbucks and newer, fancy, chains with lots of kinds of breads for breakfast & lunch. Not been following since hearing those things since so many new places getting buzz. I mean when BaconBar is hot in NYC well.... Bucket load of such chains long forgotten here, clothing, pizza chains as well. Calling trends and fashions takes fast stepping.
You're a tough cookie.
TWTR pop ah raises sales guide FY2014 $47
LOL the CEO Twitter geek interviewed on cnbc w/ twitter comments alongside. One tweet asks why no rt ability to fix typos? LOL
I mean what the F fun is their in thta such a thign.... #fup
Looks like jump to 47 first thing. C 38.59 +.66 hard trade.
16:07 FY Adj EBITDA 210M to 230M, saw 180M-250M & raised #s.
16:08
Twitter (NYSE: TWTR) raises FY2014 sales outlook from $1.20B-1.25B to $1.31B-1.33B vs $1.27B estimate.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
TOPS and NYSE Margin Debt highs again
TOPS on daily is likely too long to be 'island' but is an extended base of some kind if it keeps rising. Unusual base to in my experience.
Seemed hit at close with a 5 min red bar. $2 + 0.23 +13%. Maybe some day traders cashing out thinking game over, or I can entry later if keeps rising.
Haven't checked other dry bulks today to tell if sector move.
SHIP 2Q BO Thurday & CC 9am. Small player 1.48 +.01
Check out this chart. Initial look to me said, well 6 months to go untl recession once NYSE margin debt has risen this much.
http://www.businessinsider.com/nyse-margin-debt-scary-zone-2014-7?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Markets%20Chart%20Of%20The%20Day&utm_campaign=Moneygame_COTD_072914
Should mention Baltic DI +.5 to 747 TOPS
After that fast final flush rush to 'bottom' BDI thing been on bit of a climb past few days. Example stock:
TOPS pop. 2.044 + .274 +15.5% Thin but fast.
09:02 AM EDT, 07/29/2014 (MT Newswires) -- TOP Ships (TOPS) shares are up 1.7% pre-market after the owner and operator of fuel efficient tanker vessels, said it decided not to proceed with a share offering.
The company said it has withdrawn the Registration Statement on Form F-1 that was filed with the Securities and Exchange Commission on July 14th, 2014.
"The last month, and especially after the filing of our registration statement, our stock price has receded by about 20%," said Evangelos Pistiolis, CEO. "Despite the fact that we have identified some excellent investment opportunities, we decided not to proceed with an offering at this point in time."
Pistiolis pointed out that the company is trading at what may the largest discount to net asset value in the sector and the company is "optimistic" that gap will narrow as it focuses on growth.
The shares recently traded at $1.80, near the bottom of a 52-week range of $1.75 - $20.51.
Price: 1.85, Change: +0.08, Percent Change: +4.52
http://www.mtnewswires.com © 2014 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
Throw OXBT on the fire too. 3.86 -2.8%
10:50 AM EDT, 07/29/2014 (MT Newswires) -- Oxygen Biotherapeutics (OXBT) reported a net loss of $19.5 million, or $2.71 per share, for the fiscal year ended April 30, 2014, missing Capital IQ estimates for a loss of $1.43 per share.
This compares to a loss of $9.4 million, or $6.29 per share for FY 2013.
The 2014 net loss includes $7.9 million in non-cash compensation expenses recognized from vesting of performance-based stock options and restricted stock grants attributable to the acquisition of the license rights to develop levosimendan from Phyxius Pharma.
Grant revenue totaled $263,000, down 76% from 2013.
Research and development costs for 2014 were $3.0 million for FY14 versus $2.5 million for FY13. The increase in costs, however, reflect OXBT's investment in its late-stage clinical programs during 2014, including the concurrent initiation of the Phase 3 study for levosimendan and continuation of the Phase 2 study for Oxycyte.
As a result of lower earnings and revenue, shares of OXBT are trading in the red at $3.95 with a 52-week range of $1.19 to $11.40.
Price: 3.92, Change: -0.05, Percent Change: -1.26
http://www.mtnewswires.com © 2014 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
GALT down hard on drug story 8-K -37%
C 14.54 pre -33% 8-k drug story.
08:48 AM EDT, 07/29/2014 (MT Newswires) --
Price: 9.02, Change: -5.52, Percent Change: -37.96
This used to be a trader fave on long run up. 22M O/S had 1 R/S for 1-6 3/23/12 where run began from 2 lows to high 18.
SeekingAlpha did a job on them.
* 8-K from Galectin Shows GR-MD-02 Was Safe, Well Tolerated in Recent Trial, Primary Endpoints in Cohort 2 Were Met
* UPDATE: Galectin Shares Fall 32% Premarket Following Release of 8-K
http://www.sec.gov/Archives/edgar/data/1133416/000119312514283595/d76198...
From slide 6: "While the overall impression of biomarker analysis suggests an effect of the drug, there are differences in biomarker changes depending on the timing of blood sampling with respect to drug dose."
From slide 13: "There is an indication of an effect in both cohorts, while not statistically significant."
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Typical Household, Now Worth a Third Less
By ANNA BERNASEKJULY 26, 2014 NY Times
Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too.
The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution — the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially.
The Russell Sage study also examined net worth at the 95th percentile. (For households at that level, 95 percent of the population had less wealth.) It found that for this well-do-do slice of the population, household net worth increased 14 percent over the same 10 years. Other research, by economists like Edward Wolff at New York University, has shown even greater gains in wealth for the richest 1 percent of households.
For households at the median level of net worth, much of the damage has occurred since the start of the last recession in 2007. Until then, net worth had been rising for the typical household, although at a slower pace than for households in higher wealth brackets. But much of the gain for many typical households came from the rising value of their homes. Exclude that housing wealth and the picture is worse: Median net worth began to decline even earlier.
“The housing bubble basically hid a trend of declining financial wealth at the median that began in 2001,” said Fabian T. Pfeffer, the University of Michigan professor who is lead author of the Russell Sage Foundation study.
The reasons for these declines are complex and controversial, but one point seems clear: When only a few people are winning and more than half the population is losing, surely something is amiss.
47/68 new H L
New Highs 47
COMPANY SYMBOL HIGH VOLUME
------- ------ ---- ------
Abaxis ABAX 47.93 399,760
Alliance Hldgs GP AHGP 73.27 14,720
Alliance Resource Prtnrs ARLP 51.16 100,543
Apple AAPL 98.67 32,395,330
Athens Bancshares Corp AFCB 30.50 7,987
Baidu BIDU 229.60 4,158,516
BLDRS Asia 50 ADS ADRA 30.90 21,244
BLDRS Emerg Mkts 50 ADS ADRE 41.79 17,818
BreitBurn 8.25% Pfd A BBEPP 25.94 20,845
Cal-Maine Foods CALM 81.91 396,064
Calamos Glbl Dyn Inc CHW 10.16 88,931
Carolina Financial Corp. CARO 25.00 766
Cellular Biomedicine Grp CBMG 38.00 122,537
El Pollo Loco Holdings LOCO 32.82 20,052,583
Equinix EQIX 219.60 727,353
First Tr BICK Index Fund BICK 27.29 850
First Tr ISE Glbl Platinm PLTM 14.28 2,262
Garnero Grp Acqn Wt GGACW 0.24 19,000
Green Plains Inc. GPRE 39.97 616,042
IF Bancorp IROQ 17.39 6,400
Indus Svcs Of Amer Inc IDSA 6.66 40,194
iSh MSCI AC xJapan AAXJ 65.54 271,832
iSh MSCI Emg Mkts Finls EMFN 26.44 1,500
Kaiser Aluminum KALU 76.28 118,434
Lawson Products LAWS 17.75 5,610
MAM Software Group MAMS 6.68 3,449
NVECorp NVEC 62.20 12,681
NASDAQ NDAQ 42.79 422,238
Natus Medical BABY 28.84 151,084
Northern Trust NTRS 67.45 628,697
Oxbridge Re Holdings Ltd. OXBR 8.00 33,933
PAM Transportation Svcs PTSI 34.90 31,556
Pilgrim's Pride PPC 32.11 833,883
Professional Diversity IPDN 5.75 1,207
SBA Comm SBAC 107.35 1,101,387
Summer Infant SUMR 4.18 557,128
Superior Uniform SGC 20.15 14,852
Take-Two Interactive TTWO 23.67 911,028
Taylor Cap 8% Perp Pfd A TAYCO 29.86 61,295
Tucows Inc TCX 15.85 36,926
Tuniu Corp. ADS TOUR 21.00 1,147,253
Unity Bancorp UNTY 9.45 5,671
Vanguard Long-Trm Crp Bd VCLT 91.20 31,949
Vanguard Lg-Term Govt Bd VGLT 72.12 5,216
Vanguard Total Intl Bd BNDX 51.71 72,461
WsdmTree China Divd ExFcl CHXF 55.42 1,609
Zillow Cl A Z 163.85 6,368,679
New Lows 68
COMPANY SYMBOL LOW VOLUME
------- ------ ---- ------
ALCO Stores Inc. ALCS 6.50 3,965
Achaogen Inc. AKAO 10.65 74,560
Acxiom ACXM 18.86 306,867
Aldeyra Therapeutics Inc. ALDX 3.58 39,766
Antares Pharma Inc. ATRS 1.87 2,156,121
Aquasition Corp. Wt AQUUW 0.12 268,120
Aquasition Corp. AQU 9.90 50,599
Aquinox Pharmaceuticals AQXP 7.88 5,102
Argos Therapeutics Inc. ARGS 5.75 46,001
Aware AWRE 4.71 219,113
Blue Hills Bancorp BHBK 12.15 546,399
Blue Nile NILE 25.99 135,998
Ceragon Networks CRNT 2.02 715,791
Cerulean Pharma Inc. CERU 4.10 13,356
Cerus CERS 3.48 352,466
Chefs' Warehouse CHEF 17.22 96,501
Cleveland BioLabs CBLI 0.42 187,091
Covisint Corp. COVS 3.78 24,917
Digi Intl DGII 7.87 42,270
Dixie Group DXYN 7.42 330,577
EPIRUS Biopharmaceuticals EPRS 7.77 49,682
Electro Scientific Inds ESIO 6.00 118,812
Eleven Biotherapeutics EBIO 9.50 7,347
Entropic Comm Inc ENTR 2.96 278,431
First Community Bncshrs FCBC 13.38 23,031
FT Dorsey Wright Inl Foc5 IFV 19.99 3,450
FT RBA Am Ind Renaissance AIRR 18.13 20,740
FirstMerit FMER 17.71 743,253
Francesca's Holdings FRAN 12.90 637,037
GTx GTXI 1.20 189,072
Garnero Grp Acqn Rt GGACR 0.33 15,000
Genetic Technologies ADS GENE 0.81 171,794
GlobeImmune Inc. GBIM 9.50 35,175
Immunogen IMGN 10.31 434,803
Interface Inc. TILE 16.10 211,148
Med Transcription Billing MTBC 3.64 73,878
Medicines Co MDCO 23.52 351,535
MediWound Ltd. MDWD 9.00 35,965
Natl Bankshares NKSH 29.55 661
Northwest Bancshares NWBI 12.58 170,909
Otelco Inc. Cl A OTEL 4.54 6,522
PGT PGTI 7.34 547,155
Perion Network PERI 8.61 87,266
Points International PCOM 17.40 694,810
QLogic QLGC 9.17 940,888
QuinStreet QNST 5.00 40,054
Rex Energy REXX 13.91 398,449
Rock Creek Pharm RCPI 0.42 1,684,368
SPAR Group SGRP 1.27 21,241
SP Plus Corp. SP 18.92 16,669
Sage Therapeutics SAGE 24.63 47,097
SciQuest SQI 14.54 38,478
Semler Scientific Inc. SMLR 2.75 15,508
Shoe Carnival SCVL 17.87 24,480
Silicom SILC 26.08 147,911
Skywest SKYW 10.55 442,914
Spartan Motors SPAR 4.41 45,036
SurModics SRDX 18.91 34,523
Tor Minerals Intl TORM 8.36 4,517
Tandem Diabetes Care Inc. TNDM 12.70 86,027
TeleNav TNAV 5.03 62,052
TerraForm Power TERP 32.44 612,303
Tile Shop Holdings Inc. TTS 9.93 1,052,890
TrovaGene Inc. TROV 3.00 60,843
USMD Holdings Inc. USMD 9.66 4,069
Unilife UNIS 2.39 564,606
Versartis Inc. VSAR 21.75 174,101
Zogenix ZGNX 1.46 1,339,339
s-Split or stock dividend of 10 percent or more in the past 52 weeks.
n-New issue in past 52 weeks and does not cover the entire 52 week period.
Source: WSJ Market Data Group
(END) Dow Jones Newswires
07-28-14 1421ET
Copyright (c) 2014 Dow Jones & Company, Inc.
Get ready for 48 hours of economic fury
http://www.marketwatch.com/story/get-ready-for-48-hours-of-economic-fury-2014-07-27
WASHINGTON (MarketWatch) — Get ready for 48 hours — and a little more — of the most intense outpouring of information on the U.S. economy you’re likely to ever see.
The schedule between Wednesday and Friday includes second-quarter GDP, a Federal Reserve decision, July payrolls, the July Institute for Supply Management manufacturing report and July car sales.
Yes, we mean “includes,” because there are eight other scheduled releases as well.
So if you’re going to focus on just one number...
“It’s got to be the unemployment rate,” said Joel Naroff, president of Naroff Economic Advisers in Philadelphia. He says there’s a slight chance that the unemployment rate could fall below 6% — “which means, by the end of this year, we’ll be sitting on top of full employment.” The unemployment rate, at 6.1% in June, has fallen from a peak of 10% after the recession.
<bit more>
OpenSecrets launches Congress stock-trading database
http://blogs.marketwatch.com/capitolreport/2014/07/25/trade-like-a-congressman-as-opensecrets-launches-stock-trading-database/
Trade like a congressman as OpenSecrets launches stock-trading database
July 25, 2014, 11:40 AM ET See OpenSecrets.org
OpenSecrets has launched its new service tracking the stock trades of members of Congress. The disclosures were required as part of the STOCK Act, which was meant to prevent insider trading in Congress.
The filings it has are very timely — the latest being a buy order of Novartis NVS for at least $15,000 from Rep. Bill Owens, a New York Democrat, on July 15. Owens, who is retiring, also recently bought stock in Bonterra Energy CA:BNE , a Canadian oil producer.
According to OpenSecrets, freshman Rep. Alan Lowenthal, a California Democrat, has filed the greatest number of periodic transaction reports so far this year.
At the moment, only the House side is available, but OpenSecrets is working to get data on trades by senators as well. A less-easy-to-navigate database on the Senate side is offered by the upper chamber, where you can discover, for instance, Sen. Tom Coburn, the Oklahoma Republican, had several transactions in June buying and selling shares of Netflix NFLX and Priceline PCLN .
Coburn incidentally was one of just three senators to vote against the STOCK Act, arguing that senators would never insider trade. Coburn also is retiring.
The Securities and Exchange Commission, meanwhile, is trying to get a judge to enforce subpoenas on a House Ways and Means Committee committee for an insider-trading investigation the agency is conducting into health-care stocks.
– Steve Goldstein
IVAN don't under. Ratio determined later.
I'm guessing you are saying the CEO has a history or style of R/S behavior? I'd don't respond to one word questions.
The R/S is usually decided & announced fairly soon after the vote is these cases. That's especially true when fallen so cheap. Time becomes more pressing than in other situations like if just .OTCBB shares. IVAN's first/only R/S was a fairly small one. With current O/S 115M the R/S likely to again be small size, but enough to a Nasdaq standard. Maybe 1-10 to get to $2.50 which is the usual amount of these specs though players don't appreciate a rising O/S ratio. Co. will raise money selling into the new 11.5M share count rising back to 200+M again. Rinse, repeat until they strike riches or quit. When considering Canadian plays it is only for scalp, never hold. That's it.
Security Notes
•Capital Change=shs decreased by 1 for 3 split. Ex-date=04/26/2013.
a few jpm upgrades. Baltic
PS Baltic up again for change 2 days. +1% 739 level.
Analysts at JP Morgan upgraded Northern Trust (NASDAQ: NTRS) from Underweight to Neutral. The target price for Northern Trust has been raised from $59.50 to $67 . Northern Trust's shares closed at $67.11 yesterday.
Analysts at Raymond James upgraded Patterson-UTI Energy (NASDAQ: PTEN) from Market Perform to Outperform. The target price for Patterson-UTI Energy is set to $44 . Patterson-UTI Energy's shares closed at $37.39 yesterday.
Jefferies upgraded Deckers Outdoor (NASDAQ: DECK) from Hold to Buy. The target price for Deckers Outdoor has been raised from $78 to $130 . Deckers Outdoor's shares closed at $85.23 yesterday.
B Riley upgraded Overstock.com (NASDAQ: OSTK) from Neutral to Buy. The target price for Overstock.com has been raised from $19 to $22 . Overstock.com's shares closed at $16.19 yesterday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NasdaqOMX Posts $523m Q2 Revenues, Up 16% YoY
Traders Magazine Online News, July 24, 2014
John D'Antona Jr.
So far, so good.
That's what executives at NasdaqOMX must be thinking as the exchange posted second quarter net revenues of $523 million, which was up 16 percent on a year-over-year basis ($451m). Also, the bourse achieved 9 percent growth across the non-transactional segments such as Information Services, Technology Solutions, and Listing Services.
Not bad for a trading year when the markets were rocked by Michael Lewis' "Flash Boys" book, political and regulatory posturing by the Washington D.C. crowd and an investing public that still doesn't trust Wall Street.
Nasdaq also posted second quarter 2014 non-GAAP diluted earnings per share of $0.70, a 13 percent increase year-over-year. Second quarter 2014 GAAP diluted EPS was $0.59.
"Once again, our diverse businesses generated solid organic growth in revenues despite a continued low volatility trading environment," said Bob Greifeld, CEO, NASDAQ OMX, in a statement. "NASDAQ OMX's strong and improving competitive position, as measured by the 59% win rate in U.S. IPO listings and increased market share in cash equity trading coupled with the continued client traction in our technology and information businesses, provides confidence in the balance and diversity of our model to succeed in all cycles."
Second quarter 2014 non-GAAP diluted earnings per share was $0.70, compared to $0.62 in the prior year quarter. On a GAAP basis, net income attributable to NASDAQ OMX for the second quarter of 2014 was $101 million, or $0.59 per diluted share, compared with $88 million, or $0.52 per diluted share, in the prior year quarter.
62 / 18 new H L
New Highs 62
COMPANY SYMBOL HIGH VOLUME
------- ------ ---- ------
1347 Capital Corp. Un TFSCU 10.06 23,500
Alliance Hldgs GP AHGP 70.79 5,119
Amicus Therapeutics FOLD 4.56 2,050,603
BGC Partners Cl A BGCP 7.94 273,713
Baidu BIDU 205.50 2,029,073
BLDRS Asia 50 ADS ADRA 30.60 10,468
BLDRS Emerg Mkts 50 ADS ADRE 41.49 7,975
CH Robinson Worldwide CHRW 66.65 329,237
Calamos Focus Growth ETF CFGE 10.17 185
Calamos Glbl Dyn Inc CHW 9.90 160,348
Cellular Biomedicine Grp CBMG 22.00 15,575
Cobra Electronics COBR 4.20 23,069
Covenant Transport Cl A CVTI 13.48 34,606
CyrusOne Inc. CONE 26.58 85,850
Educational Dev EDUC 4.99 2,905
Enphase Energy ENPH 12.19 394,497
F5 Networks FFIV 117.77 2,787,916
Facebook Inc. Cl A FB 76.74 79,306,893
FT Dorsey Wright Inl Foc5 IFV 20.30 19,208
First Trust ISE Glbl Cppr CU 26.33 1,528
First Tr NASD Rising Div RDVY 21.46 700
Fortinet Inc FTNT 26.23 2,967,973
Gentiva Health Services GTIV 18.49 27,689
Gilead Sciences GILD 92.97 13,761,876
Green Plains Inc. GPRE 39.58 669,985
HopFed Bancorp HFBC 11.95 2,803
Illumina ILMN 185.00 1,589,717
Immune Design IMDZ 12.81 1,255,242
Intersect ENT XENT 13.65 2,460,688
Intuit INTU 83.09 435,552
iShares India 50 ETF INDY 30.09 58,693
iSh MSCI AC xJapan AAXJ 65.19 434,256
Jack Henry & Associates JKHY 60.84 61,228
JetBlue Airways JBLU 11.59 7,507,137
Kaiser Aluminum KALU 76.14 86,944
Legacy Reserves LP LGCY 32.61 81,122
MKS Instruments MKSI 32.94 215,087
Magnetek MAG 26.00 3,130
Marriott Intl MAR 67.08 768,263
Matthews Intl Cl A MATW 44.42 35,956
Mid Penn Bancorp MPB 16.13 1,800
NASDAQ NDAQ 42.58 671,273
Oxbridge Re Holdings Ltd. OXBR 7.09 32,868
PAM Transportation Svcs PTSI 34.87 2,478
Patriot National Bancorp PNBK 2.38 1,195,104
Patterson-UTI Energy PTEN 38.43 1,615,799
Pilgrim's Pride PPC 31.87 465,987
PwrShrs QQQ Tr Series 1 QQQ 97.51 11,983,340
ProShares UltraPro QQQ TQQQ 83.39 937,444
SEI Invs Co SEIC 36.30 1,287,730
Sigma-Aldrich SIAL 104.00 269,318
Spirit Airlines SAVE 68.95 370,835
Steel Dynamics STLD 21.94 1,381,470
Texas Cap 6.5% Nts 2042 TCBIL 24.64 3,809
Vasco Data Security VDSI 14.10 1,441,116
Vanguard Emg Mkts Govt Bd VWOB 81.51 5,001
Vanguard Natural Rscs VNR 33.04 123,975
Vanguard Russ 1000 Value VONV 89.41 689
Vanguard Russell 3000 VTHR 91.85 482
WsdmTree China Divd ExFcl CHXF 55.12 1,301
WT Emrg Mkts Cnsmr Growth EMCG 26.62 1,510
WisdTree Emg Mkt Div Gwth DGRE 27.61 1,911
New Lows 18
COMPANY SYMBOL LOW VOLUME
------- ------ ---- ------
Angie's List ANGI 7.77 8,944,503
Cleveland BioLabs CBLI 0.43 266,819
Dunkin' Brands Group DNKN 40.50 4,230,526
Education Management EDMC 1.51 22,682
Guanwei Recycling GPRC 0.75 416,650
Immune Design IMDZ 11.81 1,255,242
Med Transcription Billing MTBC 4.02 68,445
Monarch Casino & Resort MCRI 13.24 14,158
Morningstar MORN 67.72 22,353
Natl Bankshares NKSH 29.85 4,156
Nutraceutical Intl NUTR 20.94 3,125
ProSh UltraPro Shrt QQQ SQQQ 38.23 1,102,219
Roka Bioscience ROKA 10.75 109,792
SciQuest SQI 14.61 37,476
Silicom SILC 27.90 214,624
The Bancorp TBBK 9.50 812,869
TriState Capital Holdings TSC 9.16 245,030
West Marine WMAR 8.50 40,088
s-Split or stock dividend of 10 percent or more in the past 52 weeks.
n-New issue in past 52 weeks and does not cover the entire 52 week period.
Source: WSJ Market Data Group
(END) Dow Jones Newswires
07-24-14 1219ET
Copyright (c) 2014 Dow Jones & Company, Inc.
DEJ gets STEquity 'pump' tgt $.66
Price Target Raised in Connection with Woodrush Acquisition and Kokopelli JV
New York, NY / ACCESSWIRE / July 24, 2014 / SeeThruEquity, a leading New York City based independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued a special update on Dejour Energy, Inc. (NYSE MKT: DEJ) and raised the price target on the company to $0.66 amid Dejour’s announcements regarding the closing of the Woodrush Acquisition and the Kokopelli joint venture as well as the retirement of $3.5 million in debt.
Highlights of the report are as follows:
DEJ Closes Woodrush Acquisition to Own 99% Working Interest
On July 3, 2014, Dejour announced the closing of the previously announced acquisition of a further 24% working interest in its legacy oil and gas project Woodrush, increasing its total working interest to 99%. According to DEJ, the Woodrush project currently produces 475 BOE per day with ~$40 per BOE netbacks. Furthermore, a $2.5mm development program is scheduled for 2H14 targeting Halfway oil and Gething gas, which could add ~50% to the current production threshold. The closing of this production acquisition increases the value of proven and probable reserves to $11.5mn on an NPV-10 basis. Following the transaction, we are revising our revenue estimates upwards by ~10% to $14.3mn ($13mn earlier) in 2014E, as DEJ would get almost the entire 475 BOE/day production to its hold with 99% working interest.
Closes $20mn Kokopelli JV and Commences Drilling
On June 30, 2014, Dejour closed a $20mn joint venture agreement with an U.S.-based E&P company to develop its core Kokopelli leasehold. Dejour received ~US$3.75mn at closing and is carried for 25% for US$16mn in drilling, completion and permitting expenditures beginning in August 2014. We believe the closing of the JV is a major milestone for DEJ as it helps to fund drilling of a minimum of 8 wells to at least the base of the Williams Fork gas/liquids bearing zone. Additionally, DEJ would obtain ~70% reduction in G&A expenses in Dejour USA, as it transfers operatorship of the project to the JV partner while retaining 25% working interest in the JV. We expect marginal addition to DEJ’s revenue from the Kokopelli JV as its working interest has reduced to 25% from the earlier 72%.
On July 17, 2014, DEJ announced that development operations related to the Kokopelli JV have commenced. Pad 21B is currently being built and equipped for the drilling of at least 8 wells. Upon completion and fracture of these wells by November 2014, each will be tied into the existing infrastructure that services the company’s current production base. We will be interested in the results of testing of the Mancos as this has the potential to create significant reserves for the company as early as this year.
Retirement of $3.5mm in Debt
DEJ retired C$3.5mm in debt from the U.S. property, reducing total debt by nearly half to $2.9mn. This would drastically reduce interest expenses to $0.4mn in 2014E from nearly $1.2mn in 2013.
“These are significant developments for Dejour which we believe will enable DEJ to increase production and drive revenues, operating income, and free cash flows over the next 2-3 years. As a result, we are raising our price target from $0.53 to $0.66 on the name,” commented Ajay Tandon, CEO of SeeThruEquity.
The report is available at: DEJ Company Update Note. SeeThruEquity is an approved equity research contributor on Thomson First Call, CapitalIQ, FactSet, and Zack’s.
Please review important disclosures on our website at http://www.seethruequity.com/.
About Dejour
Dejour Energy Inc. is an independent oil and natural gas exploration and production company operating projects in North America’s Piceance Basin (45,425 net acres) and Peace River Arch regions (17,000 net acres). Dejour maintains offices in Denver, USA, Calgary and Vancouver, Canada. The company is publicly traded on the New York Stock Exchange (NYSE MKT:DEJ) and Toronto Stock Exchange (DEJ.TO)
About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson Reuters One (First Call), Capital IQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.
For more information visit http://www.seethruequity.com/.
Contact:
Ajay Tandon
SeeThruEquity
(646) 495-0939
Source: SeeThruEquity
PBYI on NYSE bio on rumors & PIII. up/down
UPDATE: Biogen rallies on earnings; Juniper slumps 10%
1:25p ET July 23, 2014 (MarketWatch)
By Sue Chang and Ben Eisen, MarketWatch
SAN FRANCISCO (MarketWatch) -- These are the stocks making notable moves on Wednesday.
Gainers
Biogen Idec Inc.(BIIB): The biotechnology company's latest earnings results impressed investors, beating estimates on sales, profits, and guidance for the full fiscal year.
Intuitive Surgical Inc. (ISRG): Adjusted results for the surgical equipment maker topped Wall Street expectations.
Robert Half International Inc.(RHI): The specialized staffing company on Tuesday reported its second-quarter earnings rose 19% on the back of improving labor markets.
PepsiCo Inc.(PEP): The beverage maker's results topped sales and profit estimates while the company raised its outlook for per-share earnings growth.
Delta Air Lines Inc.(DAL): The airline met per-share adjusted earnings expectations but barely missed on sales.
Decliners
Juniper Networks Inc.(JNPR): The networking-equipment company reported profit that more than doubled last quarter, but issued guidance for the current quarter that fell short of analyst expectations.
Xilinx Inc.(XLNX):Disappointing sales in the latest quarter and a downbeat revenue outlook sank shares.
TE Connectivity Ltd.(TEL): The electronic components maker reported a growth in third-quarter profit but forecast fourth-quarter earnings that were below estimates.
Electronic Arts Inc. (EA) :The video-game maker posted profit growth of 51% for its fiscal first quarter, but cut its financial guidance for the fiscal year.
Linear Technology Corp.(LLTC): The chip maker reported fourth-quarter earnings of 53 cents a share, ahead of consensus estimate of 51 cents a share.
GlaxoSmithKline PLC ADS (GSK): The pharmaceutical giant lowered its full-year profit outlook.
Tickers to Watch
Apple Inc. (AAPL): The iPhone maker topped profit estimates and barely missed on sales in its latest report. The company reported third-quarter earnings of $1.28 a share on revenue of $37.4 billion. Analysts had forecast the iPhone maker would earn $1.23 a share in the fiscal third quarter on revenue of $37.98 billion. However, the company's revenue outlook was below Wall Street estimates.
McDonald's Corp.(MCD): Analysts at Sterne Agee cut their recommendation on the fast food giant to neutral from buy on weak same-store sales in June.
Microsoft Corp. (MSFT): The tech giant's fourth-quarter results missed estimates on per-share earnings, but beat on sales. The company said earnings were hampered by the acquisition of Nokia's devices and handset business. Analysts at Pacific Crest upgraded the software maker after earnings.
Boeing Co. (BA): Strong demand for jetliners supported earnings in the aerospace company's latest earnings report, which topped estimates. The company also raised its outlook.
Whirlpool Corp.(WHR): The appliance maker reported second-quarter results that missed forecasts as international operations suffered. The company also cut its full-year guidance.
More must-reads from MarketWatch:
6 books Bills Gates says you should read this summer
A shorter workweek may make you a better worker
For stocks, Dow 20,000--then a crash?
-Sue Chang; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 23, 2014 13:25 ET (17:25 GMT)
S thx on avoc! FREE sinky
Good advice, yes lot of things do seem to turn faster once brought out from frozen state. Good to keep in mind. Usually do eat the avoc right away esp if chilled like that. Add lemon, pinch salt & gin, vodka or Patron silver.
Wow rare up day in Baltic dry index and FREE tanks on Nasdaq warn.
Soon yet another R/S likely, pos. I'd lol but not in it.
AAPL jumps on that China sales growth.
Avoc freeze nice. PLUG, fuel cells.
icon & sluph thanks. Been on this green kick for couple years now hass esp only going FL rarely. Usually buy 2 and let sun ripen. Seemed to be CA drough made a bit of shortage in Man'h some weeks back but now back to $1 and plenty. Had a couple that were unusually hard which took a while to ripen on stove and still didn't come up as they should. Not using the brown bag method since that fails a lot for me. Direct sun the best.
Have frozen bread of course but not avocs. Do I assume you let the thing partially ripen, bit soft to the touch, before cutting open and removing the pulp? Not too hard, nor soft?
Seems like a fun cold snack in warm weather!
PS Heard one of those PBS chefs say his trick for keeping a half
avoc was to leave the stone in the saved half (that goes into regular fridge for a day or two). Stone helps to keep that half stable -- mixed results for me since it will often turn color a bit if presentation is a concern - taste not affected, still good.
hmm PLUG up in pre 0.17 couple short bits on yest action.
http://www.bidnessetc.com/23095-2-reasons-fuelcell-stocks-were-affected-yesterday/
Above site new to me, eclectic mix of 'analysts', see listing.
http://www.fool.com/investing/general/2014/07/22/why-plug-power-inc-stock-was-supercharged-today.aspx
yes alt energy & fuel cells up. PLUG OPTT
There was am news that lent fire to the fuel cells. PLUG & Ocean Power (beaten one) along for ride.
ROYL 4.31 -10% ?? no news, was at 52 wk highs
MW GE to build fuel-cell plant; fuel-cell shares rally
11:43am ET
By Claudia Assis , MarketWatch
SAN FRANCISCO (MarketWatch) -- General Electric Co. said Tuesday it would build a new fuel-cell manufacturing plant in upstate New York to develop a technology involving fuel cells that run on natural gas.
The GE (GE) news helped boost fuel-cell stocks on Tuesday, with shares of FuelCell Energy Inc. rallying nearly 12% as the company announced a research grant to lower the cost of fuel cells.
FuelCell (FCEL), a developer and operator of stationary fuel-cell power plants, said Tuesday that Germany's Federal Ministry for Economic Affairs and Energy awarded it and a joint-venture partner 5 million euros , or about $6.7 million .
The research and development project with partner Fraunhofer IKTS aims to increase power density and the operating life of fuel cells, which would lead to lower cost.
FuelCell's power plants are used as back-up power in telecommunications and IT, and as onsite distributed power for manufacturing plants.
FuelCell and South Korea's Posco Energy, a subsidiary of that country's giant steelmaker Posco , have collaborated for a decade, and in February FuelCell announced a fuel-cell power plant in South Korea that will serve as a backup to part of Seoul's subway system, and another plant is operating and selling energy to South Korea's grid.
Shares of Ballard Power Systems Inc. , a maker of fuel cells, up 4.5%.
Plug Power Inc. (PLUGD), which provides hydrogen fuel-cell packs to forklifts and other warehouse equipment, rose 7.7%.
Plug Power has gained 1,454% in the last 12 months, and is up 296% so far this year. The stock's vertiginous rise accelerated in late 2013 and early 2014 in the wake of high-profile, if relatively small, deals with a few FedEx Corp. delivery trucks and six Wal-Mart Stores Inc. distribution centers.
Monday's rally for Plug Power was pinned to a short squeeze, analysts have said. About a third of Plug's stock are sold short.
At GE, scientists have reached a "breakthrough" involving a type of cell called solid oxide fuel cell, GE said Tuesday.
"The resulting technology could soon start producing electricity around the world," the conglomerate said. "The new system's power generation efficiency can reach an unprecedented 65 percent. Overall efficiency can grow to 95 percent when the system is configured to capture waste heat produced by the process. The basic configuration of the system can generate between 1 to 10 megawatts of power."
The internal startup grew out of GE Global Research , but it operates as an independent unit with its own board of directors, GE said.
The new manufacturing facility would be located near Saratoga Springs, N.Y. , and "is already filling up with robotic thermal spray equipment, fuel cell test stations, screen printers and towering bulk gas storage tanks."
Meanwhile, solar stocks also traded higher on Tuesday, tracking the broader U.S. equity market. U.S.-listed shares of Yingli Green Energy Holding Co. (YGE) rose 6.4%, among the top gainers. Heavyweights SolarCity Corp. (SCTY) and SunEdison Inc. rose 1.5% and 1.2%, respectively.
More must-reads from MarketWatch:
Most Obamacare subsidies illegal, appeals court rules
Consumer prices jump as gasoline prices jump
Chipotle soars on earnings, Harley-Davidson sputters
- Claudia Assis ; 415-439-6400; AskNewswires@dowjones.com
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(END) Dow Jones Newswires
07-22-14 1143ET
Cubed, CRPT mentioned in scam gets E
OTCBB today, see back link.
12:49 7/24/2014 CRPT CRPTE Cubed, Inc. NEW Common Delinquent **
60/12 new H L
New Highs 60
COMPANY SYMBOL HIGH VOLUME
------- ------ ---- ------
Abengoa Yield PLC ABY 40.98 38,392
Alliance Hldgs GP AHGP 69.77 16,855
Avago Technologies AVGO 76.33 422,145
BGC Partners Cl A BGCP 7.85 136,484
Baidu BIDU 200.05 1,309,425
BLDRS Emerg Mkts 50 ADS ADRE 41.27 8,613
Blue Hills Bancorp BHBK 12.51 2,836,055
BreitBurn Energy Partners BBEP 22.90 102,967
Cadiz CDZI 9.66 143,751
CH Robinson Worldwide CHRW 66.04 269,641
Cellular Biomedicine Grp CBMG 18.40 2,170
Century Aluminum Co CENX 18.45 156,847
CMS Bancorp CMSB 12.45 6,400
CyrusOne Inc. CONE 26.11 92,710
Educational Dev EDUC 4.89 12,925
Electronic Arts EA 38.64 1,273,415
Enphase Energy ENPH 11.70 289,463
Fairchild Semi FCS 17.19 932,429
FT VI NASDAQ Tech Divd TDIV 27.41 23,679
First Tr NASDAQ 100Tch Sc QTEC 40.73 10,572
Gentherm Inc. THRM 48.75 152,471
Glu Mobile GLUU 7.59 6,383,336
Green Plains Inc. GPRE 38.58 333,970
Horsehead Hldg ZINC 19.90 198,599
Idenix Pharmaceuticals IDIX 24.37 384,117
Intuit INTU 82.76 190,519
iShares India 50 ETF INDY 29.99 113,533
iSh MSCI AC xJapan AAXJ 64.86 120,351
iSh MSCI Emg Mkts Finls EMFN 26.14 15,012
iSh MSCI Emg Mkts Growth EGRW 59.20 1,225
iShs S&P Emerg Mkts Infra EMIF 36.75 35,631
Kandi Technologies Group KNDI 22.49 2,144,988
MYOS Corp. MYOS 16.85 15,973
NN NNBR 28.17 97,810
Netease Inc. NTES 85.19 106,848
PAM Transportation Svcs PTSI 34.57 8,789
Pixelworks PXLW 9.75 806,420
PwrShrs QQQ Tr Series 1 QQQ 96.76 7,111,136
ProShares UltraPro QQQ TQQQ 81.48 720,819
RF Micro Devices RFMD 10.87 3,692,524
SBA Comm SBAC 106.04 274,171
Sage Therapeutics SAGE 30.75 55,909
Sanmina Corp. SANM 25.25 993,001
Sigma-Aldrich SIAL 103.30 103,312
Sonus Networks SONS 4.23 657,795
Spirit Airlines SAVE 68.47 142,247
Steel Dynamics STLD 21.56 4,319,532
Super Micro Computer SMCI 27.28 174,507
Take-Two Interactive TTWO 23.48 238,014
Tessera Techs TSRA 23.92 141,106
TriQuint Semiconductor TQNT 18.00 811,985
Utd Security Bancshares UBFO 6.22 111
VCA Inc. WOOF 38.05 335,283
Vanguard Glbl ex-U.S. RE VNQI 59.25 11,471
Vanguard Natural Rscs VNR 32.80 191,614
Vanguard Russ 1000 Value VONV 89.24 1,517
Windstream Holdings Inc. WIN 10.34 1,143,642
WT Barclays US Agg Zero AGZD 52.68 720
WisdTree Emg Mkt Div Gwth DGRE 27.45 732
Woodward WWD 55.50 582,970
New Lows 12
COMPANY SYMBOL LOW VOLUME
------- ------ ---- ------
Blue Nile NILE 26.02 97,085
Cerulean Pharma Inc. CERU 4.91 3,495
Envivio ENVI 1.93 25,635
Image Sensing Sys ISNS 3.06 239
Ivanhoe Energy IVAN 0.20 536,840
Layne Christensen Co LAYN 11.53 107,826
NephroGenex NRX 4.68 2,650
OncoGenex Pharma OGXI 3.03 22,068
ProSh UltraPro Shrt QQQ SQQQ 39.14 1,291,668
Rent-A-Center RCII 23.42 589,420
Silicom SILC 29.25 949,272
WT Barclays US Agg Bd Neg AGND 47.31 515
s-Split or stock dividend of 10 percent or more in the past 52 weeks.
n-New issue in past 52 weeks and does not cover the entire 52 week period.
Source: WSJ Market Data Group
(END) Dow Jones Newswires
07-22-14 1119ET
Copyright (c) 2014 Dow Jones & Company, Inc.
Russia first detailed version of MH17 crash
Russia Presents Its Account of MH17 Crash -- Update
Today 7:59 PM ET (Dow Jones)Print
By Olga Razumovskaya
MOSCOW--Russia, in its first detailed version of events surrounding the final minutes of Malaysia Airlines Flight 17, dismissed accusations that pro-Moscow rebels shot down the plane, instead suggesting that a Ukrainian fighter plane or missile systems could have been involved.
The elaborate, televised Defense Ministry presentation--at odds with Western and Ukrainian accusations that Kremlin-backed insurgents shot down the plane--came as the U.S. and Russia clashed at the U.N. Security Council on Monday. There, both countries voted in favor of a unanimous resolution that condemned the downing of jet and called for an independent international investigation into the incident.
Russia sought to use both forums to push back against growing international criticism and U.S. and Ukrainian assertions that Moscow could have provided the missile system that brought down the plane. American officials charged that the Russian version of events was a propaganda effort aimed at slowing the international community's response to the geopolitical crisis-- or perhaps to weaken proposed new sanctions to punish Moscow for its role in the conflict.
At the news conference broadcast from Moscow, Russian air force chief Lt. Gen. Igor Makushev didn't say outright who the ministry thought had fired the missile that apparently brought down the airliner Thursday. Nor did he provide any photographic, radar or satellite evidencethat would show a missile track.
But he said that Russian radar had spotted a second aircraft in the ill-fated airliner's vicinity just before the crash and that it was likely a Ukrainian fighter jet. A graphic that Lt. Gen. Makushev said was based on radar data depicted four commercial planes in the area shortly before the crash, as well as the alleged Ukrainian fighter jet.
His presentation also suggested an alternate theory, including satellite imagery showed Ukraine also had moved missile systems into the area before the incident. The air force chief presented several slides of satellite images he said showed the Ukrainian missile-system movements.
The suggested version of events echoed much of what has been reported on Russian state television in recent days, which has suggested that Ukraine could have shot down the plane, possibly via one of its fighter planes.
U.S. officials dismissed the Russian government's claim that a second plane was present when Malaysia Airlines Flight 17 was shot down last week as "desperate" propaganda.
U.S. officials didn't provide their own evidence to back their arguments. But they pointed to Ukraine's statements Monday that the country's fighter jets were on the ground at the time of the crash.
U.S. officials also said that Ukrainian fighters can't operate at 30,000 feet, where Flight 17 was cruising. "The Russian government has a propaganda machine second to none, as these latest conspiracy theories demonstrate," one U.S. official said.
The Obama administration reiterated its findings that Russia was the likely supplier of advanced SA-11 antiaircraft missiles to separatists, who fired it at the Malaysia Airlines jetliner. The White House said that an international case was building that indicated Russian complicity in the tragedy.
"What's clear is that there is a picture that's coming into focus," said Josh Earnest, the White House press secretary. "And Russian claims to the contrary are getting both more desperate and much harder to believe."
The war of words spilled over into the U.N. Security Council, where after the resolution vote, U.S. Ambassador Samantha Power and Russian Ambassador Vitaly Churkin gave sharply different versions of who was likely responsible for shooting down the Boeing 777 on Thursday, killing all 298 people on board.
"Russia has begun to blame Ukraine itself for the attack though the missile came from separatist territory that Russia knows full well Ukraine has not yet reclaimed," Ms. Power said.
"Russia must recognize that no move on the geopolitical chessboard with the West can offset the pain being felt by the passengers' families," she said.
But Mr. Churkin chastised Ms. Power in the council chamber, saying, "There can be no jumping to conclusions or political statements here."
Mr. Churkin said Ukraine would have to answer to international investigators regarding the activities of its air-traffic controllers, why a Ukrainian antiaircraft missile battery in the area of the crash was "hastily removed," and why Ukrainian radar was operating "at an all-time high" on the day of the incident. He also accused Ukraine of "touching up" intercepted phone calls of rebel commanders with audio from before the date of the crash.
Kiev has dismissed Russian claims that it could have been involved, and Ukraine's security service has posted intercepted phone calls that it says are of pro-Russia rebel commanders discussing having shot down a plane they discovered afterward was a civilian aircraft. Moscow and the rebels have denied this.
The U.S., which has largely backed Kiev's version of events, has said its intelligence analysts have evaluated a number of the audio recordings and said they were authentic.
Earlier on Monday, Lt. Gen. Makushev said that the two Russian radar stations near Russia's border with Ukraine observed the presence of the second aircraft over a period of four minutes on the day of Flight 17's crash. These stations couldn't identify the aircraft because it mostly likely wasn't equipped with the system of secondary identification of aircrafts, "which is characteristic of fighter jets," he said.
Lt. Gen. Makushev said that Russian radars could only spot the aircraft at the point of its ascension because the on-duty radars only detected objects at above 5,000 meters. Russian radars spotted the unidentified plane patrolling in the vicinity of Flight 17, "controlling the development of the situation," he said.
The defense ministry also said it registered the Su-25 fighter jet ascending within close range of several civil aircrafts, including the Malaysia Airlines jet.
Another top military official, Lt. Gen. Andrei Kartapolov, said at the same news conference that the jet came as close as 1.8 miles to Flight 17, which is well within the range of the air-to-air missiles it is usually equipped with.
Lt. Gen. Makushev also showed satellite photos allegedly showing several Buk-M1 ground-to-air missile systems in the area close to where the plane crashed. The systems, he argued, could only belong to the Ukrainian military. The Buks were spotted in Luhansk and Donetsk by Russians, Lt. Gen. Kartapolov said, in the days leading up to the crash.
Ukrainian officials have said its own Buk systems were well out of range, and have accused Russia of giving the rebels a Buk system, which then shot down the airliner. Russia denies this.
Public tracking website Flightradar24 followed Flight 17 from its departure from Amsterdam through to its final moments over Ukraine. The aircraft was observed to be roughly 10 miles north of the L980 jetway that was a part of its filed flight plan. Such a deviation isn't unusual, though, and can be affected by weather.
Similarly, Lt. Gen. Makushev said the Malaysia Airlines plane deviated from its course by close to 9 miles near Donetsk but then attempted to return to its course, crashing shortly after. Russian radars spotted the Flight 17 rapidly descending 32 miles away from the Russian border, Russian officials said.
He said Russia is prepared to hand all of the information it has to the European authorities, which included satellite imagery and data from its own radar.
Russian defense ministry officials also claimed that a U.S. satellite was spotted at the time of the Flight 17 crash and asked that the U.S. release the satellite images from that time. The U.S. didn't immediately comment on the claim.
Joe Lauria and Julian E. Barnes and Jon Ostrower contributed to this article.
Write to Olga Razumovskaya at olga.razumovskaya@wsj.com
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(END) Dow Jones Newswires
July 21, 2014 19:59 ET (23:59 GMT)
Crocs to Restructure, Cutting Jobs and Stores
Couple big fat red vol bars on the news. Bid bang.
Last: 14.84, Bid: 14.46, Ask: 14.90, Bid/Ask size: 700X100, High: 15.08, Low: 14.63
Real Time Quote Provided by NASDAQ @ 7:23:15 pm EDT
7:16 p ET
Crocs Inc. has hit the other side of the tipping point.
After its clunky plastic clogs became a consumer sensation more than a decade ago, the Niwot, Colo. , company is feeling the bite of shoppers' changing fancies along with the sting of overexpansion.
The shoe maker plans to exit the leases on 75 to 100 stores and lay off about 180 of its 5,000 employees, including the elimination of about 70 jobs at its headquarters. It will also cut back on the number of styles it sells by between 30% and 40%, and drop some categories, including fashion leather boots and dress shoes made under the Elite brand, as it focuses on sandals, loafers and other casual shoes.
Crocs tried to diversify into new styles as its signature plastic clog lost favor with shoppers, but some of those styles were "too big a reach for the brand," said Andrew Rees , Crocs' president.
With their unusual hole-punch design and bright colors, Crocs' clogs became a hit after the company was founded in 2002. They surfaced on fashion runways and celebrities, including the chef Mario Batali , who has a Crocs style named for him.
After going public in February 2006 at $21 a share, Crocs' stock soared to $74.75 by October 2007 , giving the company a $6 billion market value. Investors cooled on it, though, as the novelty faded. On Monday, the shares closed at $14.84 , for a market value around $1.3 billion .
Mr. Rees says the company must get smaller to improve profitability. He plans to close or convert to third-party operators 75 to 100 stores world-wide out of its roughly 600 stores world-wide. The stores that convert to third parties will continue to operate as Crocs , but Crocs will no longer carry the expense of operating the locations, Mr. Rees said.
Earlier this month, Crocs reported that second-quarter profit fell 44% to $19.7 million . Revenue increased 3.6% to $376.9 million .
The moves are expected to result in savings of $4 million in 2014 and $10 million in 2015, even as the store closings reduce revenue by $35 million to $50 million , the company said.
In December, Crocs received $200 million from the Blackstone Group in the form of a preferred stock investment. The deal gave the private-equity firm a 13.5% stake and two board seats. Crocs is using the money along with existing cash to buy back $350 million in stock, of which $50 million has been repurchased so far this year.
Mr. Rees joined Crocs in June from LEK Consulting , where he led the consumer practice. While at LEK, Mr. Rees devised a plan to make Crocs more efficient, and it is that plan that he is implementing now. Crocs continues to look for a chief executive to replace John McCarvel , who retired in April.
The company will also open a new office in Boston that houses merchandising, marketing and retail functions. Mr. Rees said he expects it to be easier to attract executives to Boston than to the Colorado headquarters.
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(END) Dow Jones Newswires
07-21-14 1916ET
Copyright (c) 2014 Dow Jones & Company, Inc.
SORL had Sichuan news 7/7. +11.11%
Strong day. 3.70 +0.37 Nice Q1 beat back on 5/16.
6:00 am ET
ZHEJIANG, China , July 7, 2014 /PRNewswire/ -- SORL Auto Parts, Inc. (NASDAQ: SORL) ("SORL" or the "Company"), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China , announced today that the Company entered into an agreement to supply its braking products to Sichuan Hyundai Motor Company ("SHMC").
SHMC recently held a formal launch of its Chuanghu brand premium heavy-duty truck. SORL developed customized brake products for this truck over the last two years.
SHMC is a joint venture owned equally by Ziyang Nanjun Automobile Co., Ltd. ( CNJ Motors ) and Hyundai Motor Group in South Korea . The joint venture mainly designs, sells and services commercial vehicles, engines and engine parts.
Ms. Jinrui Yu , SORL's Chief Operating Officer, commented, "We are pleased to have won this agreement to supply our advanced braking products to Sichuan Hyundai's premium new truck. This agreement is a result of the high performance and global quality of our products, and our wide-ranging service. Hyundai Motor conducted extensive due diligence on our quality controls and production capability. We look forward to capturing orders from other domestic and international OEM customers as our products continue to demonstrate their value."
About SORL Auto Parts , Inc.
As a global tier one supplier of brake and control systems to the commercial vehicle industry, SORL Auto Parts, Inc. is the market leader for commercial vehicles brake systems, such as trucks and buses in China . The Company distributes products both within China and internationally under the SORL trademark. SORL is listed among the top 100 auto component suppliers in China , with a product range that includes 65 categories with over 2,000 specifications in brake systems and others. The Company has four authorized international sales centers in UAE , India , the United States and Europe . SORL is working to establish a broader global sales network. For more information, please visit http://www.sorl.cn.
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of forward-looking terminology such as "expects," "anticipates," "believes," "targets," "goals," "projects," "intends," "plans," "seeks," "estimates," "may," "will," "should" or similar expressions. These forward-looking statements may also include statements about the Company's proposed discussions related to its business or growth strategy, which are subject to change. Such information is based upon expectations of the Company's management that were reasonable when made, but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond the Company's control and upon assumptions with respect to future business decisions, which are subject to change. The Company does not undertake to update the forward-looking statements contained in this press release. These risks and uncertainties may include, but are not limited to general political, economic and business conditions which may impact the demand for commercial vehicles or passenger vehicles in China and the other significant markets where the Company's products are sold, uncertainty regarding such political, economic and business conditions, trends in consumer debt levels and bad debt write-offs, general uncertainty related to possible recessions, natural disasters, the political stability of China and the impact of any of those events on demand for commercial or passenger vehicles, changes in consumer confidence, new product development and introduction, competitive products and pricing, seasonality, availability of alternative sources of supply in the case of the loss of any significant supplier or any supplier's inability to fulfill the Company's orders, cost of labor and raw materials, the loss of or curtailed sales to significant customers, the Company's dependence on key employees and officers, the ability to secure and protect trademarks, patents and other intellectual property rights, potential effects of competition in the Company's business, the dependency of the Company upon the normal operation of its sole manufacturing facility, potential effect of the economic and currency instability in China and countries to which the Company sold its products, the ability of the Company to successfully manage its expenses on a continuing basis, the continued availability to the Company of financing and credit on favorable terms, business disruptions, disease, general risks associated with doing business in China or other countries including, without limitation, foreign trade policies, import duties, tariffs, quotas, political and economic stability, and the other factors discussed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission . For additional information regarding known material factors that could cause the Company's results to differ from its projected results, please see its filings with the SEC , including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov.
Contact Information
Raymond Lin +86.18157716556 +86.577.6581.7721 ljf@sorl.com.cn
Phyllis Huang +86.18157716886 +86.577.6581.7721 phyllis@sorl.com.cn
Kevin Theiss Grayling +1.646.284.9409 kevin.theiss@grayling.com
SOURCE SORL Auto Parts, Inc.
ARNA AH news upfront milestone payments
Slight rise at close 4.93 area.
16:35 ET
* 8-K from Arena Pharma Shows Will Receive Upfront, Milestone Payments for BELVIQ Supply Deal
CROX seems still halt, CC 9am ET
at 16:04 et tonight News Pending
7/16/14
NIWOT, Colo. , July 16, 2014 (GLOBE NEWSWIRE) -- Crocs, Inc. (Nasdaq:CROX) today announced that it will host a conference call to discuss the results of its second quarter ended June 30, 2014 on Tuesday, July 22, 2014 at 9:00 a.m. EDT . The call participation number is (888) 771-4371. A replay of the conference call will be available two hours after the completion of the call at (888) 843-7419. International participants can dial (847) 585-4405 to take part in the conference call and can access a replay of the call at (630) 652-3042. All of the above calls will require the input of the conference identification number 37720124. The call also will be streamed on the Crocs website, www.crocs.com. An audio recording of the conference call will be available at www.crocs.com through August 4, 2014 .
About Crocs, Inc.
Crocs, Inc. is a world leader in innovative casual footwear for men, women and children. Crocs offers several distinct shoe collections with more than 300 four-season footwear styles. All Crocs™ shoes feature Croslite™ material, a proprietary, revolutionary technology that gives each pair of shoes the soft, comfortable, lightweight, non-marking and odor-resistant qualities that Crocs fans know and love. Crocs fans "Get Crocs Inside" every pair of shoes, from the iconic clog to new sneakers, sandals, boots and heels. Since its inception in 2002, Crocs has sold more than 300 million pairs of shoes in more than 90 countries around the world.
CONTACT: Investor Contact:
William Kent/Crocs, Inc.
(303) 848-7000
wkent@crocs.com
Media Contact:
Katy Michael/Crocs, Inc.
(303) 848-7000
kmichael@crocs.com
Image: Crocs, Inc. logo
Source: Crocs, Inc.
NFLX on TW deal
Netflix Hopes Regulators Block Comcast/Time Warner Deal -- Market Talk
16:26 EDT - Netflix continues to voice its opinion on net neutrality. "Our focus on strong net neutrality, including interconnection, is about preventing large ISPs from holding our joint customers hostage with poor performance to extract payments from us, other Internet content firms, and Internet transit suppliers such as Level 3 and Cogent," NFLX CEO Reed Hastings says in quarterly letter to shareholders. He calls for the DOJ and FCC to block the merger between Comcast and Time Warner Cable , "or at the very least, to require as condition to approving the merger that the combined entity be prevented from charging for interconnection." NFLX up 1% in late trading. (steven.russolillo@wsj.com)
(END) Dow Jones Newswires
07-21-14 1626ET