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CommunityOne Bank Announces Receipt of Regulatory Approval for Merger With Bank of Granite
39 mins ago - Benzinga - May 21, 2013 4:06 PM
CommunityOne Bank, N.A., the principal bank subsidiary of FNB United Corp. (the "Company") (Nasdaq: FNBN), announced today that it had received approval from the Office of the Comptroller of the Currency for the merger of its sister bank, Bank of Gra
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Perry Ellis International Announces Licensing Agreement With Delta Galil for Original Penguin by Munsingwear Sleepwear and Underwear
41 mins ago - Benzinga - May 21, 2013 4:05 PM
Perry Ellis International (Nasdaq: PERY) announced today that it has entered into a license agreement with Delta Galil Industries USA, granting rights for Original Penguin by Munsingwear men's underwear and sleepwear for the U.S. and Canada.
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UBIC Announces Closing of Its U.S. Initial Public Offering of American Depositary Shares
43 mins ago - Benzinga - May 21, 2013 4:03 PM
UBIC (Nasdaq: UBIC)today announced the closing of its U.S. initial public offering of 1,100,000 American Depositary Shares ("ADSs"), with each five ADSs representing one share of the company's common stock, at a price to the public of US$8.38 per ADS
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STOCKS RALLY, DOW UP 19 TUESDAYS IN A ROW: Here's What You Need To Know (DIA, SPY, QQQ)
46 mins ago - Business Insider - May 21, 2013 4:00 PM
It was another quiet day in the markets. But the markets closed up. First the scoreboard: Dow: 15,387, +52.3 pts, +0.3%S&P 500: 1,669, +2.8 pts, +0.1%NASDAQ: 3,502, +5.6 pts, +0.1% And now the top stories: For what it's worth, the Dow clos
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Mid-Afternoon Market Update: Markets Look to be Closing Higher For the 19th Strait Tuesday
46 mins ago - Benzinga - May 21, 2013 3:59 PM
Toward the end of trading Tuesday, the Dow traded up 0.47 percent to 15,407.31, while the NASDAQ rose 0.28 percent to 3,506.98. The S&P was also up, gaining 0.30 percent to 1,671.54.Top Headline
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Xbox One Announced as Microsoft Takes on Sony's PlayStation 4
56 mins ago - Benzinga - May 21, 2013 3:49 PM
The rumors are over and the expected names (Xbox 720, Xbox Fusion, Xbox Infinity, etc.) are out. Microsoft (NASDAQ: MSFT) has unveiled its next game console, which is now officially known as Xbox One.
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UPDATE: Miller Tabak Raises PT on Bravo Brio Restaurant Group on Private Fund Raising
2 hours ago - Benzinga - May 21, 2013 3:05 PM
In a report published on Tuesday, Miller Tabak analyst Stephen Anderson raised the price target on Bravo Brio Restaurant Group (NASDAQ: BBRG) from $22 to $24 and maintained the rating of Buy on the company.
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Microsoft Unveils Xbox One
3 hours ago - Benzinga - May 21, 2013 2:09 PM
A new vision for the future comesto life today as Microsoft Corp. (NASDAQ: MSFT) unveils Xbox One, the all-in-one gaming andentertainment system created for today and the next generation.
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UPDATE: Goldman Sachs Raises PT on Steve Madden on Potential Capital Allocation Outcomes
3 hours ago - Benzinga - May 21, 2013 1:49 PM
In a research report published on Tuesday, Goldman Sachs analyst Taposh Bari raised the price target on Steve Madden (NASDAQ: SHOO) from $40 to $43 and maintained a Sell rating.
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UPDATE: Piper Jaffray Raises PT on Zynga on New Game Traction
3 hours ago - Benzinga - May 21, 2013 1:47 PM
In a report published on Tuesday, Piper Jaffray analyst Michael Olson reiterated Zynga (NASDAQ: ZNGA) at Neutral while increasing its price target from $3.40 to $3.50 based on a stable yet unclear recovery for the game designer.
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UPDATE: Morgan Stanley Lowers PT on CNInsure on Short-term Margin
3 hours ago - Benzinga - May 21, 2013 1:39 PM
In a report published on Tuesday, Morgan Stanley analyst Ben Lin lowered the price target on CNInsure (NASDAQ: CISG) from $8.50 to $8.00, and maintained an Overweight rating.
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Merchants Bank Announces Promotion of Geoffrey Hesslink to Chief Operating Officer
3 hours ago - Benzinga - May 21, 2013 1:15 PM
Michael R. Tuttle, President and CEO of Merchants Bank (NASDAQ: MBVT), announced that Geoffrey R. Hesslink was appointed Chief Operating Officer. "I have had the great pleasure of working with Geoffrey for 20 years and have a deep appreciation for th
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Mid-Day Market Update: Navios Maritime Jumps On Upbeat Results, iGATE Drops
4 hours ago - Benzinga - May 21, 2013 12:54 PM
Midway through trading Tuesday, the Dow traded up 0.20 percent to 15,365.31, while the NASDAQ rose 0.04 percent to 3,497.98. The S&P was also up, gaining 0.08 percent to 1,667.54.Top Headline
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Growth, Growth, And More Growth: Yahoo's Mayer And Tumblr's Karp Talk Deal
5 hours ago - Benzinga - May 21, 2013 11:59 AM
Yahoo (NASDAQ: YHOO) CEO Marissa Mayer and Tumblr CEO David Karp sat down on CNBC's Squawk on the Street to discuss Yahoo's acquisition of the popular blogging service.
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UPDATE: Goldman Sachs Raises PT on Dollar Tree on Future Bloom to Beat 1Q
5 hours ago - Benzinga - May 21, 2013 11:51 AM
In a report published on Tuesday, Goldman Sachs analyst Stephen Grambling raised the price target on Dollar Tree (NASDAQ: DLTR) from $54.00 to $55.00 and maintained a Buy rating.
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UPDATE: J.P. Morgan Raises PT on Arkansas Best Following Release of Teamsters Contract Details
5 hours ago - Benzinga - May 21, 2013 11:43 AM
In a report published Tuesday, J.P. Morgan analyst Thomas R. Wadewitz reiterated an Underweight rating on Arkansas Best (NASDAQ: ABFS), and raised the price target from $8.00 to $13.00.
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UPDATE: Goldman Sachs Raises PT on Akamai Technologies on Content Delivery Summit NYC
5 hours ago - Benzinga - May 21, 2013 11:41 AM
In a report published on Tuesday, Goldman Sachs analyst Heather Bellini raised the price target on Akamai Technologies (NASDAQ: AKAM) from $45.00 to $50.00 and maintained a Neutral rating.
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UPDATE: Oppenheimer Reiterates Outperform for OmniVision Technologies on Future Growth Prospects in China
5 hours ago - Benzinga - May 21, 2013 11:37 AM
In a report published on Monday, Oppenheimer analyst Martin Yang reiterated Outperform for OmniVision Technologies (NASDAQ: OVTI) with a 12-18 month price target of $21.00.
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UPDATE: Canaccord Genuity Raises PT on Conns on Top-Line Growth and Expanding Retail Gross Margins
5 hours ago - Benzinga - May 21, 2013 11:34 AM
In a report published on Tueday, Canaccord Genuity analyst Laura Champine raised the price target on CONN's (NASDAQ: CONN) from $53.00 to $63.00, and maintained a rating of Buy.
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Bernstein Sees Deal Between Vodafone, Verizon Unlikely, Says Recent Mgmt Comments Suggest Verizon Could Withhold Dividends
5 hours ago - Benzinga - May 21, 2013 11:27 AM
Bernstein's Robin Bienenstock issued a note Tuesday morning suggesting a deal by Vodafone (NASDAQ: VOD) to sell its Verizon Wireless (NYSE: VZ) stake is "highly unlikely" in the next two years.
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UPDATE: Cantor Fitzgerald Raises PT on Priceline.com Following Kayak Acquisition Close
5 hours ago - Benzinga - May 21, 2013 11:24 AM
In a report published Tuesday, Cantor Fitzgerald analyst Naved Khan reiterated a Buy rating on Priceline.com (NASDAQ: PCLN), and raised the price target from $800.00 to $900.00.
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UPDATE: Goldman Sachs Raises PT on Microsoft on Declining PC Sales
6 hours ago - Benzinga - May 21, 2013 11:07 AM
In a report published on Monday, Goldman Sachs analyst Perry Huang reiterated Sell for Microsoft (NASDAQ: MSFT) and raised its 12 month price target from $27 to $30 based on declining consumer PC sales.
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UPDATE: Oppenheimer Raises PT on Yahoo! on Good 4Q Alibaba Results
6 hours ago - Benzinga - May 21, 2013 11:03 AM
In a report published Tuesday, Oppenheimer analyst Jason Helfstein reiterated an Outperform rating on Yahoo! (NASDAQ: YHOO), and raised the price target from $27.00 to $30.00.
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Mid-Morning Market Update: Markets Open Higher, Home Depot Profit Beats Estimates
6 hours ago - Benzinga - May 21, 2013 11:00 AM
Following the market opening Tuesday, the Dow traded up 0.36 percent to 15,390.13, while the NASDAQ rose 0.17 percent to 3,502.38. The S&P was also up, gaining 0.30 percent to 1,671.30.Top Headline
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UPDATE: Ascendiant Raises PT on Urban Outfitters on Q1 Results
6 hours ago - Benzinga - May 21, 2013 10:54 AM
In a report published on Tuesday, Ascendiant analyst Elizabeth Pierce raised the price target on Urban Outfitters (NASDAQ: URBN) from $47.00 to $50.00 and maintained a Buy rating.
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Bernstein Believes Mylan Could Offer $22/Share for Warner Chilcott, Calls Deal with Actavis More Likely
6 hours ago - Benzinga - May 21, 2013 10:52 AM
Bernstein analyst Aaron Gal issued a note Tuesday morning suggesting Warner Chilcott's (NASDAQ: WCRX) "willingness" for an all-share deal could cause other suitors to jump in for a possible bid.
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UPDATE: Deutsche Bank Reiterates Buy, Lowers PT on XenoPort on Disappointing Results
6 hours ago - Benzinga - May 21, 2013 10:49 AM
In a report published Tuesday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on XenoPort (NASDAQ: XNPT), but lowered the price target from $12.00 to $9.00.
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Desperate For Video
6 hours ago - The Motley Fool - May 21, 2013 10:34 AM
Now that Yahoo's (Nasdaq: YHOO) efforts to buy a controlling stake in Dailymotion have come to an end, the rumor is that the company is looking to buy Hulu. That could be a costly mistake.
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UPDATE: Jefferies Reiterates Hold Rating, Raises PT on IBERIABANK Following Gulf South Bank Corporation
6 hours ago - Benzinga - May 21, 2013 10:18 AM
In a report published Tuesday, Jefferies analyst Emlen Harmon reiterated a Hold rating on IBERIABANK (NASDAQ: IBKC), and raised the price target from $48.00 to $51.00.
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UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Hancock Following Gulf South Bank Conference
7 hours ago - Benzinga - May 21, 2013 10:11 AM
In a report published Tuesday, Jefferies analyst Emlen Harmon reiterated a Hold rating on Hancock (NASDAQ: HBHC), and slightly raised the price target from $30.00 to $31.00.
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Morning Market Movers
7 hours ago - Benzinga - May 21, 2013 10:05 AM
SoundBite Communications (NASDAQ: SDBT) shares advanced 65.89% to $4.96 after Genesys announced its plans to acquire SoundBite Communications.Yingli Green Energy Holding Co (NYSE: YGE) surged 31.13% to $4.0650 after the company announced preliminary
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UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Urban Outfitters on Balanced Risk/Reward
7 hours ago - Benzinga - May 21, 2013 10:04 AM
In a report published Tuesday, Jefferies analyst Randal J. Konik reiterated a Hold rating on Urban Outfitters (NASDAQ: URBN), and raised the price target from $36.00 to $38.00.
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UPDATE: Jefferies Reiterates Buy Rating, Raises PT on TiVo Ahead of Motorola Trial
7 hours ago - Benzinga - May 21, 2013 9:58 AM
In a report published Tuesday, Jefferies analyst Brian Fitzgerald reiterated a Buy rating on TiVo (NASDAQ: TIVO), and slightly raised the price target from $16.00 to $17.00.
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UPDATE: Piper Jaffray Initiates Coverage on Hasbro With Overweight Rating, $55 PT on Attractive Long-Term Holding
7 hours ago - Benzinga - May 21, 2013 9:46 AM
In a report published Tuesday, Piper Jaffray analyst Stephanie S. Wissink initiated coverage on Hasbro (NASDAQ: HAS) with an Overweight rating and $55.00 price target.
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UPDATE: Piper Jaffray Initiates Coverage on Summer Infant With Overweight Rating, $4.25 PT on Multiple Positive Factors
7 hours ago - Benzinga - May 21, 2013 9:44 AM
In a report published Tuesday, Piper Jaffray analyst Stephanie S. Wissink initiated coverage on Summer Infant (NASDAQ: SUMR) with an Overweight rating and $4.25 price target.
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UPDATE: Cantor Fitzgerald Upgrades Cubist Pharmaceuticals Following Data on New Drug
7 hours ago - Benzinga - May 21, 2013 9:34 AM
In a report published on Tuesday, Cantor Fitzgerald analyst Irina Rivkind upgraded the rating on Cubist Pharmaceuticals (NASDAQ: CBST) from Sell to Hold and raised the price target from $40 to $49.
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UPDATE: Jefferies Initates Coverage on BioScrip With a Buy Rating on Likely EBITDA Growth
7 hours ago - Benzinga - May 21, 2013 9:29 AM
In a report published on Tuesday, Jefferies analyst Brian Tanquilut initated coverage on BioScrip (NASDAQ: BIOS) with a Buy Rating and a $17.00 price target.
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UPDATE: ISI Initiates Coverage on PAREXEL With a Neutral Rating
7 hours ago - Benzinga - May 21, 2013 9:26 AM
In a report published on Tuesday, International Strategy & Investment Group analyst Ross Muken initiated coverage on PAREXEL (NASDAQ: PRXL) with a Neutral rating and a $50 PT.
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UPDATE: Piper Jaffray Initiates Coverage on JAKKS Pacific at Neutral on Unclear Recovery Timeline
7 hours ago - Benzinga - May 21, 2013 9:25 AM
In a report published on Monday, Piper Jaffray analyst Maria Vizuete initiated coverage on toy company JAKKS Pacific (NASDAQ: JAKK) with a Neutral rating and a price target of $10 based on unclear prospects for recovery and balanced risk reward.
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Xoom and Vesta Announce Partnership for Mobile Wallet Integration
8 hours ago - Benzinga - May 21, 2013 9:06 AM
Xoom Corporation (Nasdaq: XOOM), a digital money transfer provider, and Vesta Corporation, a leading mobile payments provider, today announced a partnership to offer international money transfers using mobile devices.
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Amazon.ca Introduces Amazon Cloud Drive For Canada
8 hours ago - Benzinga - May 21, 2013 9:05 AM
Amazon.ca (NASDAQ: AMZN) today announced the launch of Amazon Cloud Drive on Amazon.ca. Customers in Canada can now easily upload and securely store all of their digital files in the Amazon Cloud, and access them using Cloud Drive for Windows and Mac
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Clearwire Says to Review Revised Bid from Sprint, Moves Meeting to May 30th
8 hours ago - Benzinga - May 21, 2013 9:04 AM
Clearwire Corporation(NASDAQ: CLWR) ("Clearwire" or the "Company") today confirmed that it hasreceived a revised offer from Sprint (NYSE: S) to acquire the approximately 50percent stake in the Company it does not currently own for $3.40 per share.Con
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Sprint Submits Increased Offer for Clearwire to $3.40 per Share
8 hours ago - Benzinga - May 21, 2013 9:02 AM
Sprint (NYSE: S) today announced that it has submitted an increased offer to the Board of Directors of Clearwire (NASDAQ: CLWR) to acquire the approximately 50 percent stake in the company it does not currently own for $3.40 per share, valuing Clearw
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Itron Renews Contract with British Gas for Comprehensive Managed Services
8 hours ago - Benzinga - May 21, 2013 8:59 AM
Itron (NASDAQ: ITRI) announced today that it has signed a five-year contract with British Gas to provide a full suite of services in support of more than 1.25 million electricity prepayment customers throughout the UK.
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Ryanair's Success In Keeping It Simple
8 hours ago - Benzinga - May 21, 2013 8:58 AM
Michael O'Leary, Ryanair (NASDAQ: RYAAY)Chief Executive Officer, appeared on CNBC's Squawk Box to chat about the airline's record profits and continuing growth.In regards to Ryanair competing with other European airlines, O'Leary was confident."It's
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AMAG Pharma Says Ferumoxytol Treatment Produced Significant Hemoglobin
8 hours ago - Benzinga - May 21, 2013 8:48 AM
AMAG Pharmaceuticals, Inc.(Nasdaq: AMAG) announced that a new sub-group analysis from IDA-301, a phaseIII, randomized, placebo-controlled clinical trial, will be presented today ata poster session of the Digestive Disease Week 2013 (DDW) meeting in O
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Benzinga's Top Pre-Market Losers
8 hours ago - Benzinga - May 21, 2013 8:21 AM
Carnival (NYSE: CCL) shares fell 8.35% to $32.37 in the pre-market trading after the company lowered its earnings forecast.Ironwood Pharmaceuticals (NASDAQ: IRWD) dipped 3.83% to $13.30 in the pre-market session after the company announced proposed p
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UPDATE: Hologic Receives FDA Approval for a New Low-dose 3D Mammography (Breast Tomosynthesis) Solution for Breast Cancer Screening
8 hours ago - Benzinga - May 21, 2013 8:19 AM
Hologic (NASDAQ: HOLX), a leading developer, manufacturer and supplier of premium diagnostics, medical imaging systems and surgical products, with an emphasis on serving the healthcare needs of women, today announced that the U.S. Food and Drug Admin
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Benzinga's Top Pre-Market Gainers
9 hours ago - Benzinga - May 21, 2013 8:10 AM
SoundBite Communications (NASDAQ: SDBT) surged 63.89% to $4.90 in the pre-market session after Genesys announced its plans to acquire SoundBite Communications.AcelRx Pharmaceuticals (NASDAQ: ACRX) soared 15.79% to $7.48 in the pre-market trading afte
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A Peek Into The Market Before The Trading Starts
10 hours ago - Benzinga - May 21, 2013 7:13 AM
Pre-open moversUS stock futures are mostly flat this morning. Futures for the Dow Jones Industrial Average gained 6 points to 15,325.00 and S&P 500 index futures fell 1.30 points to 1,663.30. Nasdaq 100 futures declined 2.50 points to 3,018.50.A
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