http://seekingalpha.com/currents/all SA Currents RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/currents/post/1034821?source=feed 1034821 Post your comment!]]> Mon, 20 May 2013 09:20:16 -0400 SeekingAlpha MEAD) rises a cool 99.4% premarket to $3.33. The company said Friday Jinghua Optics & Electronics will acquire all of the outstanding shares for $3.45 each, subject to shareholder approval. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1034811?source=feed 1034811 Post your comment!]]> Mon, 20 May 2013 09:16:02 -0400 SeekingAlpha downgrades Kansas City Southern (KSU) to a Sell rating after shares went on a M&A-fueled rally to push valuation high for a railroad concern. KSU +40% YTD, -0.6% premarket. Post your comment!]]> http://seekingalpha.com/currents/post/1034801?source=feed 1034801 Post your comment!]]> Mon, 20 May 2013 09:15:37 -0400 SeekingAlpha Market preview: Stock futures suggest small losses at the open after Friday's surge catapulted the Dow and S&P 500 to all-time highs. The big corporate news over the weekend was Yahoo's $1.1B deal to buy Tumblr, but shares only +0.6%. Precious metals are in focus after spot silver prices plunged as much as 9% in Asian trading and gold fell 2%. No major economic data today. Post your comment!]]> http://seekingalpha.com/currents/post/1034791?source=feed 1034791 Post your comment!]]> Mon, 20 May 2013 09:12:42 -0400 SeekingAlpha GM) CFO Dan Ammann says the automaker is "reasonably" on its way to realizing cost savings by streamlining its business across divisions and operations. The automaker's reorganization involves breaking down long-standing fiefdoms within GM and banking on its ability to bring many tech and engineering functions in-house. Post your comment!]]> http://seekingalpha.com/currents/post/1034781?source=feed 1034781 Post your comment!]]> Mon, 20 May 2013 09:10:08 -0400 SeekingAlpha Premarket gainers: AQ +116%. MEAD +97%. PACT +38%. WBSN +28%. RSOL +26%. ROSG +16%. JASO +16%. JRCC +14%. QIHU +12%. LDK +9%. PXP +7%. IQNT +5%. VOYA +5%. DANG +5%.
Losers: XNPT -26%. NBG -8%. Post your comment!]]> http://seekingalpha.com/currents/post/1034771?source=feed 1034771 Post your comment!]]> Mon, 20 May 2013 09:09:35 -0400 SeekingAlpha downgrades Bed Bath & Beyond (BBBY) to Hold from Buy (price target to $71 from $76) citing valuation. "The company has all the potential to become an omni-channel leader in the home furnishings retail vertical in several years' time," notes analyst John Marrin. Up until then however, it will be "a pretty bumpy ride," he says. Post your comment!]]> http://seekingalpha.com/currents/post/1034761?source=feed 1034761 Post your comment!]]> Mon, 20 May 2013 09:08:33 -0400 SeekingAlpha cautious view of Lowe's (LOW) in front of its Q1 earnings report with a downgrade to Perform and a $46 price target. LOW -0.5% premarket to $42.45. (earnings preview) Post your comment!]]> http://seekingalpha.com/currents/post/1034751?source=feed 1034751 1 comment!]]> Mon, 20 May 2013 09:06:25 -0400 SeekingAlpha the latest state to sue BP, Halliburton (HAL) and others tied to the 2010 Gulf of Mexico oil spill, alleging the parties "engaged in willful and wanton misconduct." The Texas lawsuit asks for money for various reasons including sales and hotel occupancy taxes the state says it didn't receive because visitors didn't go to its Gulf Coast communities due to the spill. 1 comment!]]> http://seekingalpha.com/currents/post/1034741?source=feed 1034741 Post your comment!]]> Mon, 20 May 2013 09:00:42 -0400 SeekingAlpha On the hour: S&P -0.15%. 10-yr +0.17%. Euro +0.13% vs. dollar. Crude -0.57% to $95.74. Gold -0.89% to $1352.55. Post your comment!]]> http://seekingalpha.com/currents/post/1034731?source=feed 1034731 Post your comment!]]> Mon, 20 May 2013 08:57:21 -0400 SeekingAlpha HERO) sells 11 of its inland barge rigs to an undisclosed buyer for $45M and sells its inland barge rig Hercules 27 to another unrelated buyer for $10M. HERO expects to book a non-cash impairment charge of ~$40M in Q2. Post your comment!]]> http://seekingalpha.com/currents/post/1034721?source=feed 1034721 Post your comment!]]> Mon, 20 May 2013 08:55:18 -0400 SeekingAlpha PPHM) and the FDA agree on a Phase III trial design for Bavituximab. "We will now focus on starting the Phase III trial while continuing ongoing partnering discussions," says CEO Steven King. Shares halted. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1034711?source=feed 1034711 Post your comment!]]> Mon, 20 May 2013 08:54:56 -0400 SeekingAlpha BKS) is up 3.8% premarket after a weekend Barron's article pitches that the stock is an undervalued sum-of-the-parts story set to pop. Admittedly, the Microsoft-buying-Nook factor is a huge wildcard with B&N, but the valuation on the company's bookstore business looks appealing at current levels despite what happens with Nook Media. Post your comment!]]> http://seekingalpha.com/currents/post/1034691?source=feed 1034691 Post your comment!]]> Mon, 20 May 2013 08:50:25 -0400 SeekingAlpha GIVN) rises 2.34% premarket after saying several studies presented at Digestive Disease Week highlight the value of the company's SmartPill for the "evaluation and diagnosis of different motility conditions." The studies suggest "an expanded role" for the device, the company says. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1034681?source=feed 1034681 1 comment!]]> Mon, 20 May 2013 08:47:33 -0400 SeekingAlpha TSO) price target is raised to a Street-high $120 at Barclays, reflecting the inclusion of the BP Carson, Calif., refinery and associated retail and logistics assets into its 2013-14 earnings estimates. The firm is "impressed by management's well-executed strategy and approach given the difficult regulatory approval process in California." TSO +1.1% premarket. 1 comment!]]> http://seekingalpha.com/currents/post/1034661?source=feed 1034661 Post your comment!]]> Mon, 20 May 2013 08:38:48 -0400 SeekingAlpha HYMLF.PK) and Kia (KIMTF.PK) continue to lose market share in South Korea to foreign brands as sharply lower tariffs make exports cheaper for local buyers. Foreign automakers now account for 41% of the market, up from 28% just two years ago. The trend is most pronounced in the luxury market where BMW (BAMXY.PK), Audi (VLKAY.PK), and Mercedes-Benz (DDAIF.PK) are all picking up market share steadily. Post your comment!]]> http://seekingalpha.com/currents/post/1034651?source=feed 1034651 2 comments!]]> Mon, 20 May 2013 08:31:33 -0400 SeekingAlpha DANG) is upgraded by Morgan Stanley to an Overweight rating and assigned a price target of $6.50. DANG +5.1% premarket to $6.00. 2 comments!]]> http://seekingalpha.com/currents/post/1034641?source=feed 1034641 Post your comment!]]> Mon, 20 May 2013 08:30:25 -0400 SeekingAlpha Apr. Chicago Fed National Activity Index: -0.53 vs. -0.23 prior. Post your comment!]]> http://seekingalpha.com/currents/post/1034631?source=feed 1034631 4 comments!]]> Mon, 20 May 2013 08:29:52 -0400 SeekingAlpha FCX) proposed takeover of Plains Exploration (PXP), PXP declares a special $3/share dividend and FCX announces a $1/share supplemental dividend to be paid upon closing the acquisition. With a close vote expected, the moves may well tip support in favor of the deal. PXP +6.2%, FCX +0.8% premarket. 4 comments!]]> http://seekingalpha.com/currents/post/1034621?source=feed 1034621 Post your comment!]]> Mon, 20 May 2013 08:29:21 -0400 SeekingAlpha PACT) moves 29% higher premarket after receiving a proposal from a consortium of investors to take the company private for $7.50 per share, a 43% premium to Friday's close. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1034611?source=feed 1034611 Post your comment!]]> Mon, 20 May 2013 08:29:07 -0400 SeekingAlpha flood of tourists into Hong Kong from Mainland China looks promising to global retailers setting up shop in the region, although the tilt towards more bargain shopping could be a trend to watch for high-end sellers. Outlet malls have seen the biggest gains in traffic and sales in Hong Kong which sets up nicely for retailers that planned a strategy which pivots on squeezing profits from the channel. Hong-Kong watching: Nike (NKE), Limited Brands (LTD), Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF). Post your comment!]]> http://seekingalpha.com/currents/post/1034601?source=feed 1034601 Post your comment!]]> Mon, 20 May 2013 08:28:02 -0400 SeekingAlpha Umpqua Holdings (UMPQ) declares $0.15/share quarterly dividend, 50% increase from prior dividend of $0.10. Forward yield 4.44%. For shareholders of record June 28. Payable July 15. Ex-div date June 26. The board approved special dividend of $0.05/share payable on June 14, to shareholders on record of May 31. (PR)
 
  Post your comment!]]> http://seekingalpha.com/currents/post/1034591?source=feed 1034591 Post your comment!]]> Mon, 20 May 2013 08:27:15 -0400 SeekingAlpha SNV) slides 3.2% premarket after Goldman downgrades to Sell with $2.50 price target. The stock is pricing in M&A speculation, says analyst Ryan Nash, but standing alone, earnings don't justify such a level. Post your comment!]]> http://seekingalpha.com/currents/post/1034551?source=feed 1034551 Post your comment!]]> Mon, 20 May 2013 08:22:16 -0400 SeekingAlpha announces the closing of its Chinese Yuan bond ETF (RMB), effective June 14 as the fund failed to generate significant investor interest since its 2011 launch. The fund’s May dividend distribution will be suspended which should maximize the amount shareholders will receive at liquidation on or about June 21st. Post your comment!]]> http://seekingalpha.com/currents/post/1034581?source=feed 1034581 Post your comment!]]> Mon, 20 May 2013 08:13:42 -0400 SeekingAlpha WBSN)-Vista Equity Partners (previous): Websense shareholders will receive $24.75 in cash for each of their shares to mark a 29% premium over Friday's closing price. The company says it talked to several potential suitors before settling on the offer from the P-E firm. The transaction is slated to close during Q3 of 2013. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1034571?source=feed 1034571 Post your comment!]]> Mon, 20 May 2013 08:13:40 -0400 SeekingAlpha YHOO) confirms its deal to acquire Tumblr for $1.1B in cash. "Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business. David Karp will remain CEO." Yahoo expects the combination to grow its audience by 50% and grow traffic by 20%. Up earlier, Yahoo now off 1% premarket. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1034561?source=feed 1034561 Post your comment!]]> Mon, 20 May 2013 08:12:39 -0400 SeekingAlpha calls for a 60% pay increase on gold and coal producers. The union says it is seeking an entry-level minimum monthly wage of 7K rand ($750) for surface workers and 8K rand for underground workers vs. respective current minimum wages of 4.7K and 5K rand. AU -3.7%, GFI -3.4%, HMY -1.9% premarket. Post your comment!]]> http://seekingalpha.com/currents/post/1034541?source=feed 1034541 Post your comment!]]> Mon, 20 May 2013 08:07:27 -0400 SeekingAlpha VOYA) as a bullish Barron's piece on the undervalued and misunderstood insurer/asset manager combines with BTIG's Mark Palmer initiating with a Buy and $31 price target. "We believe there is a very good reason why ING management expressed dismay" at being forced to sell the unit. Shares +4.3% premarket. Post your comment!]]> http://seekingalpha.com/currents/post/1034531?source=feed 1034531 Post your comment!]]> Mon, 20 May 2013 08:04:57 -0400 SeekingAlpha XNPT) plummets 19.26% premarket after saying data from a Phase 3 clinical trial of arbaclofen placarbil did not demonstrate that the treatment provides statistically significant improvement versus a placebo in patients with spasticity due to multiple sclerosis. The company will "terminate further investment in the program." (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1034521?source=feed 1034521 Post your comment!]]> Mon, 20 May 2013 08:03:45 -0400 SeekingAlpha buy Websense (WBSN) for a deal price close to $1B. WBSN +30.1% premarket to $24.99. Post your comment!]]> http://seekingalpha.com/currents/post/1034511?source=feed 1034511 Post your comment!]]> Mon, 20 May 2013 08:00:51 -0400 SeekingAlpha On the hour: S&P 0%. 10-yr +0.05%. Euro +0.22% vs. dollar. Crude -0.4% to $95.91. Gold -0.6% to $1356.55. Post your comment!]]>