NEW YORK, Jan 28- Bullish activity in Advent Software Inc's options surged weeks ahead of a report on Wednesday that U.S. financial software company SS&C Technologies Holdings Inc plans to buy Advent for about $2.3 billion. San Francisco- based Advent Software's shares jumped as much as 13 percent to an all-time high of $42.85 on Wednesday, after a Bloomberg...» Read More
Brown-Forman's soft earnings were about forex headwinds, not flagging demand. The same can't be said for Abercrombie & Fitch.
A strange series of very heavy trading has Wall Street traders scratching their heads.
The Chinese market is looking attractive, but investors must learn the difference between shares traded inside and outside the mainland.
Apple dropped five percent around 9:50 a.m. ET from $117 to $111. Plausible reasons: Fat-finer trade and/or a very large seller.
December kicks off with weak data from China and Europe and generally disappointing Black Friday weekend sales in the United States.
*Brent Crude set for 16 pct drop in November. LONDON, Nov 28- Oil prices extended their recent slide on Friday, sending related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut. Brent crude touched a low of $71.12 a barrel after settling at a four-year closing low on Thursday, when Saudi Arabia blocked calls from...
FMHR trader Jon Najarian explains why he is watching Autodesk.
LONDON, Nov 21- British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for 5.6 billion pounds, as British pension reform puts pressure on insurance companies to find new business. Aviva's all-share offer of 0.74 shares for every Friends Life share implies a 15 percent premium to the closing price on Friday.
Nov 21- British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for 5.6 billion pounds, as British pension reform puts pressure on insurance companies. Aviva's all-share offer of 0.74 shares for every Friends Life share implies a 15 percent premium to the closing price on Friday. Friends Life shareholders would also...
CNBC has announced a strategic partnership with Kensho, a company that was set up to answer complex financial questions...in a few seconds.
NEW YORK, Nov 19- Optical networking device maker Oplink Communications Inc attracted well-timed bets in the options market days before the company said it was being acquired by a Koch Industries unit for $445 million in cash. Oplink's shares were up about 14 percent at $24.18 on Wednesday after it said that Koch Optics Inc would buy it for $24.25 per share.
European markets are having a moment, while retailers turned in mixed results on quarterly earnings on Wednesday.
The IPO rush begins! There are 12 deals that are set to price this week. This is the rush to get deals done before Thanksgiving!
Nov 18- CytRx Corp said the U.S. Food and Drug Administration placed a hold on enrolling new patients in clinical trials of its experimental cancer drug after a patient died, sending the company's shares down 11 percent in premarket trading. Patients already enrolled in the trials, currently in mid stage, will continue receiving the treatment, CytRx said.
Nov 18- CytRx Corp said the United States Food And Drug Administration has placed a partial hold on clinical trials of its experimental cancer drug after a patient died. CytRx shares were down 10 percent in premarket trading. The patient received the drug, aldoxorubicin, under the company's expanded access program that makes promising drugs and devices...
*FTSEurofirst 300 up as PM Abe calls Japan election, delays tax rise. LONDON, Nov 18- European shares rose and bond yields fell on Tuesday on hopes that a snap election and delayed tax increase in Japan might lead to more economic stimulus measures, which also knocked the yen to its lowest since 2007.. The yen fell to a seven-year low against the dollar after Abe's...
Japan's economy unexpected fall into recession increases the likelihood of demands for further stimulus.
LONDON, Nov 17- Hedge funds have been badly wrong-footed by the slide in oil prices over the past five months, and by trying to turn their positions around have accelerated the rout. By the middle of June, hedge funds had a net long position in WTI-linked futures and options contracts equivalent to almost 413 million barrels of crude oil, according to the U.S....
Dan Nathan explains what was behind the massive bullish bet.
Nordstrom bucked the trend of lower sales in department stores, while Cosi joined other restaurants in pointing to high food costs for its earnings miss.