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1. Cellectar Biosciences shares surge 15% on results of one cancer patient in mid-stage trial20:25[−]

Cellectar Biosciences Inc. shares rose 15% in Tuesday trade after the company announced that one patient in a phase 2 trial for its cancer therapy had a major improvement in the amount of tumor material in her body, or an about 94% reduction. The trial, which is studying the therapy in patients with certain B-cell malignancies, intends to enroll about 80 participants total, according to Clinicaltrials.gov, and has an expected completion date of March 2019. The patient, who has a rare type of cancer called Waldenstrom macroglobulinemia, was administered two doses of the therapy, CLR 131, after which she showed the large reduction in tumor burden and complete resolution of four of five targeted tumor masses, the company said. Other symptoms that affected the patient's quality of life also improved, the treating physician, Dr. Sikander Ailawadhi, said. Importantly, the results of one patient may have no bearing on whether the trial is ultimately successful. Cellectar shares have surged 613% over the last three months, compared with a 3.8% rise in the S&P 500 and a 1.1% rise in the Dow Jones Industrial Average .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


2. Fannie, Freddie drift lower as Powell says housing should be off government books18:51[−]

Shares of mortgage giants Fannie Mae and Freddie Mac traded lower Tuesday as Federal Reserve Chairman Jerome Powell says he would like to see housing finance reform, which has eluded Congress since they were taken into conservatorship during the financial crisis. "I think it's really important for the longer run that we get housing finance off the federal government's balance sheet," Powell said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


3. Four 'blue' states to sue federal government over local tax deduction loss17:34[−]

The governors of New York, New Jersey, Connecticut and Maryland on Tuesday announced they would sue the federal government for taking away taxpayers' ability to deduct the full amount of state and local taxes they pay from their federal returns. New York Governor Andrew Cuomo called the so-called SALT tax law change, passed in late 2017 by Congressional Republicans, "un-American." He added: "What you did was you divided the states, you penalized the Democratic states." The suit seeks a court judgement that the tax policy is unconstitutional, and also asks for injunctive relief, Cuomo said. Among other precedents, it cites the 16th Amendment, which says the federal government's tax power can't be used to intrude on the sovereign authorities of the states to determine their own fiscal policies. Policymakers and advisors, in drafting the federal tax policy, spoke openly about their desire to punish states with majority Democratic bases, the suit notes.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


4. Johnson & Johnson shares rose 3.7% on Q2 earnings, revenue beats17:25[−]

Johnson & Johnson shares rose 3.7% in Tuesday morning trade after the company reported second-quarter earnings and revenue beats. Earnings for the latest quarter rose to $3.95 billion, or $1.45 per share, from $3.83 billion, or $1.40 per share in the year-earlier period. Adjusted earnings-per-share were $2.10, above the FactSet consensus of $2.07. Revenue rose to $20.83 billion from $18.84 billion, above the FactSet consensus of $20.39 billion. Pharmaceutical sales beat the consensus, with above-consensus sales for Simponi, Stelara, Prezisa/TMC, Concerta, Invega, Darzalex, Imbruvica and Zytiga, and below-consensus sales of Remicade, Edurant and Xarelto. Sales of medical devices also came in above the consensus. Yet consumer sales came in below consensus, with oral care and women's health sales above consensus, while baby care, oral care, skin care and wound care sales were below consensus. Johnson & Johnson now expects 2018 sales of $80.5 billion to $81.3 billion, reflecting an increase in expected operational growth and offset by an estimated lower favorable impact of currency; the guidance is below the FactSet consensus of $81.4 billion. Johnson & Johnson shares have dropped 0.7% over the last three months, compared with a 3.3% rise in the S&P 500 and a 1.1% rise in the Dow Jones Industrial Average .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


5. Netflix's stock plunge paces peers' and broad-market's losers17:07[−]

Shares of Netflix Inc. sank 11% in morning trade on heavy volume, after the streaming video service reported disappointing second-quarter results, to pace its peers and and the broader market in losses. With 12 million shares traded in the first half hour after the open, which was already more than the full-day average of 11.6 million shares, the stock was the most actively traded on the Nasdaq exchange. The percentage decline would be the biggest in two years, since the company reported second-quarter results in July 2016. The stock was also the biggest decliner among components of the SPDR Consumer Discretionary Select Sector ETF , the Nasdaq 100 Index and the S&P 500 index . The next biggest decliner in the Nasdaq 100 was Dish Network Corp. shares , down just 1.7%, while the next biggest decliner in both the consumer discretionary ETF and the S&P 500 was Omnicom Group Inc.'s stock , which fell 6.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


6. IQiyi stock slides after peer Netflix reports disappointing results17:03[−]

Shares of iQiyi Inc. , the Netflix Inc. of China, are down 3.3% in Tuesday morning trading after Netflix reported disappointing quarterly results. Netflix missed subscriber estimates and delivered a more downbeat forecast than analysts had been expecting. IQiyi, which went public in WHEN, offers streaming-video services in China. The company announced Tuesday that it had acquired Skymoons Inc., which focuses on developing and publishing mobile games, for RMB1.27 billion. Shares gained 8.8% in Monday's session and are up 82% over the past three months, while the S&P 500 has gained 0.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


7. Powell says more gradual interest-rate hikes is the 'best way forward'17:00[−]

Federal Reserve Chairman Jerome Powell on Tuesday said continued gradual interest-rate hikes was the "best way forward" for monetary policy. "With a strong job market, inflation close to our objective, and the risks to the outlook roughly balanced, the FOMC believes that - for now - the best way forward is to keep gradually raising the federal funds rate," Powell said in testimony to the Senate Banking Committee. Powell said the unemployment rate is expected to fall further and the Fed's challenge will be to keep inflation close to 2%. Key unknowns are the outcome of the ongoing trade disputes and the impact of the Trump tax cuts and boost in federal spending, he said. "Overall, we see the risk of the economy unexpectedly weakening as roughly balanced with the possibility of the economy growing faster than we currently anticipate," he said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


8. Credit Suisse reiterates bullish stance on Micron after Intel 3D XPoint announcement16:44[−]

Credit Suisse analyst John Pitzer reiterated his upbeat view of Micron Technology Inc. on Tuesday, after the company issued a announcement with Intel Corp. regarding their 3D XPoint arrangement. The companies said that they have agreed to complete development of the second generation of 3D XPoint technology by the first half of next year, and that they would work independently on technology development beyond the second generation. "While this decision should lead to higher R&D intensity as MU and INTC no longer pool resources, we believe this decision along with the 3D NAND decision continue to show Micron's willingness to develop its own technology roadmap to optimize its business mix - and we expect mix to be a significant potential driver of fundamental outperformance," Pitzer wrote in a note to clients. He rates the stock at outperform with a $90 target price. Shares are down 0.2% in Tuesday morning trading but up 77% over the past 12 months. The S&P 500 has gained 14% in that time, while the PHLX Semiconductor Index has risen 21%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


9. Dow on the verge of snapping a 3-day rally as tech slumps, investors wait for Powell testimony16:40[−]

U.S. stocks on Tuesday saw a downbeat open, with technology and internet shares weighing on the broader market, ahead of Federal Reserve Chairman Jerome Powell's Senate testimony. The Dow Jones Industrial Average 50 points, 0.2%, at 25,013, the S&P 500 index slipped 0.2% at 2,792, on the verge of halting a string of gains for the benchmark at three, while the Nasdaq Composite Index retreated by 0.5% at 7,762. In corporate news, Dow components Goldman Sachs Group Inc. reported second-quarter earnings that rose above expectations, but revenue fell below analysts' consensus estimates, and Johnson & Johnson reported second-quarter earnings and revenue that were better than expected but consumer sales failed to impress.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


10. At Home says tariffs wouldn't hurt fiscal 2019 or 2020 results16:25[−]

Home furnishings and d?cor retailer At Home Group Inc. says proposed tariffs on $200 billion in Chinese goods won't have a material impact on results for fiscal 2019 or fiscal 2020. The company has a "diverse supply chain" with partners in the U.S., Hong Kong, Belgium and other locations around the world, it said in a release. And it has a sourcing system to increase direct factory purchases, which can improve international sourcing. "Additionally, with an average selling price of less than $15 and an average basket of approximately $65, the company believes that in some circumstances, price adjustments could be made without materially affecting its overall customer value proposition," At Home said. Companies that could be impacted, according to analysts, include Best Buy Co. Inc. and arts-and-crafts retailer Michaels Cos. Inc. . At Home shares have gained nearly 61% over the last year while the S&P 500 index is up 13.8% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


11. Tribune Media responds to FCC chairman's "serious concerns" about merger with Sinclair16:02[−]

Tribune Media Company responded Tuesday to Federal Communications Commission chairman Ajit Pai's statement on Monday that he had "serious concerns" about its merger with Sinclair Broadcast Group, Inc. Tribune Media said in a statement that it was "disappointed" in Pai's proposal to refer issues relating to Sinclair's divestiture of TV stations prior to the deal's closing to an administrative law judge. On Monday, Pai expressed concern about deals Sinclair made to divest its TV stations, saying in a Twitter post that the deals "would allow Sinclair to control those stations in practice, even if not in name, in violation of the law." Tribune Media shares have fallen 24% so far this year, and Sinclair shares have fallen 23%. The S&P 500 has risen 4.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


12. Lam Research, Applied Materials stocks fall after Evercore cuts price targets15:53[−]

Lam Research Corp. shares are down 0.8% in premarket trading, while Applied Materials Inc. shares are down 0.5%, after Evercore ISI analyst C.J. Muse lowered his price targets for both stocks. He reduced his Lam Research target to $240 from $300, cut his Applied Materials target to $65 from $75, and lowered his KLA-Tencor Corp. target to $120 from $125. KLA-Tencor shares are off 0.2% premarket. Muse is optimistic that Samsung's push-outs, or production delays, are only temporary, but he's concerned about investor sentiment in the next few months. "We continue to think time to buy is in the next three months," Muse wrote. "As for fair value, we think recent volatility will continue to weigh on multiples." He expects investors to gain "visibility to an inflection higher for shipments" at the end of this year or early next year, which he believes could give a boost to semiconductor-equipment names. Lam Research shares are up 9.4% over the past 12 months, while Applied Materials shares have gained 0.4% and the S&P 500 has climbed 14%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


13. Intel stock drops after Evercore downgrade15:40[−]

Shares of Intel Corp. are down 1.3% in premarket trading after Evercore ISI analyst C.J. Muse downgraded the stock to in line from outperform. He sees a number of reasons why Intel's stock is unlikely to outperform peers, including delays for the company's 10-nanometer transition and the recent resignation of Brian Krzanich, formerly Intel's CEO. "Given these delays, the incoming CEO will need to address whether Intel intends to remain a technology leader and resolve some of the apparent execution issues, or be comfortable with generating substantial profits while holding back technology improvements until significant yields are achieved," Muse wrote. "Given Intel's history, we find it hard to believe that it is willing to step back in such a manner - and the right CEO will find a way to push forward." In the meantime, Muse is concerned about competition from Advanced Micro Devices Inc. , which he said is "in its best position in years," Nvidia Corp. , and others. Intel shares are up 51% over the past 12 months, while the Dow Jones Industrial Average has gained 16%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


14. Booking Holdings to invest $500 million in China's DiDi Chuxing ride-sharing app15:27[−]

Booking Holdings Inc. , the online travel site that used to be called Priceline, said Tuesday it is investing $500 million in DiDi Chuxing, the Chinese car-sharing app, as part of a broader strategic partnership. As part of that agreement, the companies will combine technology capabilities to offer travel experiences across the world. "Booking Holdings' brands will have the ability to offer on-demand car service through their apps, powered by DiDi, and DiDi customers will have the option to book hotels through Booking.com or agoda," the companies said in a joint statement. Booking shares were down 1% premarket, but have gained 16.2% in 2018, while the S&P 500 has gained 4.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


15. Caterpillar's stock chart to produce bearish 'death cross,' snapping longest bullish streak in decades15:24[−]

Caterpillar Inc.'s stock fell 0.7% in premarket trade Tuesday, as a bearish "death cross" chart pattern is set to appear. That would snap a streak of 566 sessions, going back to April 18, 2016, in which the 50-day moving average (MA) was above the 200-day moving average, the longest such streak in over 4 decades. The latest streak is the longest since at least January 1972, which is the earlier available data on FactSet. The previous longest streak was 524 sessions ending Aug. 19, 2011. When the 50-day MA falls below the 200-day MA--a death cross--many chart watchers believe it marks the spot that a shorter-term decline becomes a longer-term downtrend. On Tuesday, the 50-day MA is on track to open at $147.76 and the 200-day MA set to open at $147.87. Caterpillar's stock had already entered a bear market on June 25, when the stock closed 20.1% below its Jan. 22 record close of $170.89. The stock has tumbled 9.9% over the past three months through Monday, while the Dow has gained 1.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


16. Goldman CEO Lloyd Blankfein to retire, to be succeeded by Co-COO David Solomon15:10[−]

Goldman Sachs Group Inc. said Lloyd Blankfein will down as chief executive on Sept. 30 after about 12 years in the role, and retire as chairman and from the firm at the end of the year. The bank named David Solomon to succeed Blankfein in both roles. Solomon was previously co-chief operating officer since 2016, and before that was global co-head of the investment banking division since 2006. Blankfein will be given the title of senior chairman after his retirement, and Solomon will join the board on Oct. 1. "The board has been engaged in a multi-year succession process, and we are confident that David will build off the firm's strong financial, risk management and franchise position," said Adebayo Ogunlesi, lead director of the board of directors. The stock slipped 0.3% in premarket trade. It has gained 1% over the past 12 months, while the SPDR Financial Select Sector ETF has rallied 10.6% and the Dow Jones Industrial Average has climbed 15.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


17. Goldman beats earnings and revenue expectations, but stock falls as equities revenue misses14:53[−]

Shares of Goldman Sachs Group Inc. fell 1% in premarket trade Tuesday, although the investment bank reported second-quarter earnings and total revenue that rose above expectations, although equities revenue missed. Net income grew to $2.35 billion, or $5.98 a share, from $1.63 billion, or $3.95 a share, in the same period a year ago. The FactSet consensus for earnings per share was $4.65. Total revenue rose to $9.40 billion from $7.89 billion, topping the FactSet consensus of $8.70 billion, as net interest income increased to $1.00 billion from $788 million to top expectations of $869.7 million. Institutional client services revenue grew 17% to $3.57 billion, just shy of the FactSet consensus of $3.63 billion, as fixed income, currency and commodities (FICC) revenue rose 45% to top expectations while equities revenue was flat to miss expectations. Total assets declined to $969 billion as of June 30 from $974 billion as of March 31. The stock had shed 9.2% year to date through Monday, while the SPDR Financial Select Sector ETF had slipped 1.6% and the Dow Jones Industrial Average had gained 1.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


18. IHOP partners with DoorDash for delivery14:42[−]

IHOP, the Dine Brands Global Inc. pancake chain, has partnered with DoorDash for delivery at select U.S. restaurants starting Tuesday. More than 300 restaurants are set up for delivery, with another 600 to 700 to be available by the end of the year. Customers can use the delivery service as part of the IHOP 'N Go platform available on the company website and app. IHOP, which recently generated a ton of buzz by changing its name to "IHOb" in an elaborate marketing stunt to promote its burgers, is celebrating its 60th anniversary with 60-cent short stacks of pancakes on Tuesday only. Delivery will be free from July 18 to July 22 with orders of at least $10. Dine Brands shares have rallied 40.5% for the year to date while the S&P 500 index is up 4.7% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


19. Adidas downgraded as athletic competition heats up in the $60-to-$100 price range14:26[−]

Adidas AG was downgraded to market perform from outperform at Wells Fargo on concerns that increased competition will hurt the top and bottom lines. Analysts led by Tom Nikic see competition on the high end from Nike Inc. , whose "reinvigoration" will put pressure on Adidas, and Vans, which "is currently the 'hot brand' in the $60-to-$100 price range, where Adidas had previously been the brand of choice via the Superstar and Stan Smith styles." Vans is a VF Corp. brand. Reception for new styles has been "mixed." And there's been a deceleration in Western Europe, a region that had been an indicator for North America for years. Adidas shares are down 12.6% for the past three months, but are up 11.5% for 2018 so far. The S&P 500 index is up 4.7% for the year to date.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


20. UnitedHealth's stock falls after earnings beat expectations, but premiums come up shy14:03[−]

Shares of UnitedHealth Group Inc. slumped 1.2% in premarket trade Tuesday, after healthcare coverage and benefits company reported second-quarter earnings that beat expectations but premiums that missed. Net income rose to $2.92 billion, or $2.98 a share, from $2.28 billion, or $2.32 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $3.14, above the FactSet consensus of $3.04. Total revenue grew to $56.09 billion from $50.05 billion, matching the FactSet consensus. Premiums increased to $44.46 billion from $39.59 billion, but was below the FactSet consensus of $44.59 billion. Net margin rose to 5.2% from 4.6%, while the cost ratio increased to 15.0% from 14.6%. The company raised its 2018 adjusted EPS outlook to $12.50 to $12.75 from $12.40 to $12.65. The stock had surged 17% year to date through Monday, while the Dow Jones Industrial Average had tacked on 1.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


21. Boeing announces $9.6 billion of orders and commitments from Air Lease for 78 jets13:57[−]

The Boeing Co. said Tuesday it has received orders and commitments from Air Lease Corp. for 78 jets in a deal valued at $9.6 billion. The aerospace giant made the announcement at the Farnborough air show, saying the order includes 75 737 MAX 8s and three 787-9 Dreamliners. ALC has now placed orders and commitments for 361 Boeing airplanes since 2010. Boeing shares were flat premarket, but have gained 20.8% in 2018, while the Dow Jones Industrial Average , which counts Boeing as a member, has gained 1.4%, and the S&P 500 has gained 4.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


22. Brexit group fined, referred to police for violating spending rules11:22[−]

The U.K.'s Electoral Commission on Tuesday said it has fined the Vote Leave campaign group 61,000 pounds ($81,000) for violating spending laws in the 2016 referendum on Brexit. The watchdog said it has focused on Vote Leave's work with another campaign group, BeLeave, and also said it has referred the case to the police. "We found substantial evidence that the two groups worked to a common plan, did not declare their joint working and did not adhere to the legal spending limits," said Bob Posner, a commission official, according to a Reuters report.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


23. Sinclair Broadcasting rejects allegations of deceit in Tribune deal02:59[−]

Sinclair Broadcast Group Inc. on Monday rejected allegations that it has been deceitful in its effort to buy Tribune Media Co. and expressed disappointment over the leak of Federal Communications Commission documents. "Although the actual Hearing Designation Order (HDO) has not yet been released, press reports indicate that a leaked version of the HDO suggests that Sinclair may have engaged in misrepresentation or lack of candor. To the extent that the HDO does in fact include any such allegations, we deny such allegations in the strongest possible manner," said the broadcasting company. An FCC order said Sinclair's application to buy Tribune may "involve deception" and could even be construed as possible "misconduct," reported Reuters. Earlier Monday, FCC commissioner Ajit Pai said that he has "serious concerns" about Sinclair's acquisition of Tribune Media. The commissioner has recommended the merger be sent to an administrative law judge for further review. Shares of both Sinclair and Tribune fell by double digits in regular session.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


24. International Game Technology shares rise on FanDuel deal00:08[−]

Shares of International Game Technology PLC rose in Monday's extended session after the gaming and slot machine company said it will provide its sports betting platform to FanDuel Group. FanDuel will initially deploy the platform at Meadowlands Racetrack in East Rutherford, N.J. and gradually offer other types of betting options including self-service kiosks as well as online and mobile wagering. IGT shares rose 3.3% after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


25. La-Z-Boy aims at millennials with Joybird acquisition00:02[−]

La-Z-Boy Inc. said late Monday it had agreed to buy Joybird, an e-commerce retailer and maker of upholstered furniture, aiming at millennial buyers with a taste for mid-century modern furnishings. Joybird, which had annual revenue around $55 million last year, will become a subsidiary of La-Z-Boy, it said. Terms of the deal were not disclosed. "The Joybird team has created an incredible brand and online shopping platform and this combination provides great synergies for both companies. For La-Z-Boy, it will allow us to better reach millennial and Gen X consumers, leverage our supply chain assets and provide us with a greater presence online," Chief Executive Kurt L. Darrow said in a statement. Shares of La-Z-Boy were flat in late trading Monday after ending the regular trading day off 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


26. Tesla shares, at lowest in six weeks, fall further in late tradingПн., 16 июля[−]

Shares of Tesla Inc. fell 1% in late trading Monday, following their lowest close since July 6 and, off 2.8%, their largest percent decrease since July 3, when they fell 7.23%. Tesla was the worst performing stock on the Nasdaq 100 on Monday. The declines come as Chief Executive Elon Musk waded into another Twitter controversy over the weekend, calling one of the cave explorers involved in the Thai soccer team rescue, a man who had criticized him, a pedophile. That tweet has been deleted.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


27. Carbonite stock falters on secondary offering following strong outlookПн., 16 июля[−]

Carbonite Inc. shares declined in the extended session Monday after the cloud-storage company released preliminary results that topped Wall Street estimates but also announced a secondary offering of shares. Carbonite shares fell 6.3% after hours, following an initial 4% rise on the preliminary results, and had closed down 0.1% at $38.40. Carbonite said it was offering 4 million shares of stock, with an additional 678,000 shares for underwriters to cover overallotments, with proceeds going to help pay down debt. Also, Carbonite said that co-founder David Friend was selling about 520,000 shares, of which the company will not receive proceeds. Carbonite has about 29 million shares outstanding. The company reported preliminary second-quarter adjusted net income of 41 cents to 44 cents a share on revenue of $77.3 million to $78 million. Analysts surveyed by FactSet had estimated 36 cents a share on revenue of $75.8 million. For the year, Carbonite estimates earnings of $1.62 to $1.68 a share on revenue of $296.9 million to $306.9 million. Analysts expect earnings of $1.54 a share on revenue of $300 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


28. Warren Buffett gave $3.4 billion away to foundationsПн., 16 июля[−]

Warren Buffett has given away $3.4 billion in Berkshire Hathaway Inc. stock, the company said late Monday. Buffett converted roughly 10,000 class A shares into 17.8 million class B shares and donated them to five foundations, including the Bill & Melinda Gates Foundation. Buffett made a pledge to donate shares to various foundations in 2006 and has given away $31 billion in stock, according to Berkshire Hathaway. Berkshire Hathaway class B stock is down 1% after hours and closed up 0.5% to $192 during regular trading. The benchmark S&P 500 index closed down 0.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


29. Netflix shares fall 13% as streaming giant misses subscriber, revenue expectationsПн., 16 июля[−]

Netflix Inc's stock sunk 13% in after-hours trade Monday, after the streaming company missed second-quarter subscriber expectations and provided an weaker-than-expected third-quarter outlook. The streaming giant announced it had added a net 5.15 million subscribers, below the FactSet consensus of 6.2 million. Net income for the latest quarter rose to $384 million, or 85 cents a share, up from $66 million, or 15 cents a share, in the same quarter a year ago, ahead of the FactSet consensus of 79 cents. Revenue rose to $3.907 billion from $2.785 billion the year before, just below the FactSet consensus of $3.938 billion. For Q3, the company expects adjusted EPS of 68 cents, below the FactSet consensus of 72 cents. Revenue for Q3 is expected to be $3.988 billion, below the FactSet consensus of $4.126 billion. Shares of Netflix have soared 109% in the year to date, while the S&P 500 has gained 4.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


30. Redfin shares fall 4% after share, debt offerings newsПн., 16 июля[−]

Shares of Redfin Corp. fell more than 4% late Monday after the Seattle-based residential real-estate brokerage said it plans to start public offerings of 3.5 million shares of common stock and $125 million in convertible notes due 2023. Underwriters of the stock offering would have a 30-day option to buy an additional 525,000 shares, and the underwriters of the notes offering a 30-day option to get an additional $18.75 million in notes, Redfin said. The company will use net proceeds from the offering for "working capital and other general corporate purposes," or it may invest in or acquire third-party businesses, products, services, technologies or other assets, it said in a statement. There's "no definitive agreements or preliminary plans with respect to any such acquisitions or investments at this time," it said. Shares of Redfin ended the regular trading day up 2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



 
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