NEW YORK, November 15, 2013 /PRNewswire/ --
Market Buzz Report, a leading penny stock newsletters provider, issues latest news alert for The Dow Chemical Company(NYSE:DOW), Turquoise Hill Resources Ltd(NYSE:TRQ), ACADIA Pharmaceuticals Inc.(NASDAQ:ACAD) , E Commerce China Dangdang Inc (NYSE:DANG), Yum! Brands, Inc.(NYSE:YUM).
The Dow Chemical Company(NYSE:DOW) says it will raise the cap on its debt buyback offer to $700M after the deal was strongly oversubscribed as of yesterday's early tender deadline. Last month, Dow had offered to repurchase a combined $500M of two series of notes, part of a larger effort to improve its financial flexibility and reduce its interest expenses; Dow planned to retire the debt in the current quarter.
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Turquoise Hill Resources Ltd(NYSE:TRQ) sinks at the open on plans for a new rights offering to fund expansion of the Oyu Tolgoi mine, citing uncertainty around talks with the Mongolian government that has delayed financing.TRQ says discussions with the government are continuing in order to reach agreement on outstanding issues: "There is positive engagement between the parties and progress is being made."TRQ and Rio Tinto (RIO) will extend the maturity date of the interim funding facility and the new bridge facility to no later than Jan. 15, 2014 to allow for completion of the rights offering.
Free Urgent Insider Catalyst Report For TRQ Available Here: http://marketbuzzreport.com/index.php?code=TRQ (Or Copy and paste the URL into your browser)
ACADIA Pharmaceuticals Inc.(NASDAQ:ACAD) initiates a Phase 2 feasibility trial of pimavanserin in Alzheimer's disease psychosis (for which there are no treatments approved in the U.S.).The company says Phase 3 results in Parkinson's disease psychosis (that's -020) suggest the drug "may offer the potential for an important new therapeutic advance" in ADP.
Is ACAD Still a Buy After The Recent Rally? Get The Special Report Herehttp://marketbuzzreport.com/index.php?code=ACAD (Or Copy and paste the URL into your browser)
Though E Commerce China Dangdang Inc(NYSE:DANG) Q3 revenue was slightly below the guidance range it provided in its Q3 warning, the Chinese e-commerce firm posted Q3 EPS of -$0.06, beating a -$0.09 consensus. A key reason: Dangdang had a gross margin of 17.6%, up 50 bps Q/Q and 240 bps Y/Y.As noted in the warning, Dangdang has been trying to cut its dependence on lower-margin goods (even if doing so hurts near-term sales), and is transitioning from being an online bookseller to a provider of a wide variety of products aimed at "mid- to high-end customers."Also boosting EPS: fulfillment spend fell to 11.7% of revenue from 12% in Q2 and 14.4% a year ago, and tech/content spend fell to 2.9% of revenue from 3.1% in Q2 and 3.2% a year ago. Marketing spend was 3.8% of revenue, down from 5.1% in Q2 and up from 3.6% a year ago.
Free Urgent Insider Catalyst Report For DANG Available Here: http://marketbuzzreport.com/index.php?code=DANG (Or Copy and paste the URL into your browser)
The company had 8.4M active customers in Q3, up from 7.6M in Q2 and up 21% Y/Y; Q2 growth was 28%. Total orders rose to 15.7M from Q2's 15M, and were up 13% Y/Y. That's a notable slowdown from Q2's 25% growth.
Yum! Brands, Inc.(NYSE:YUM): Scientists have determined that a woman in Taiwan was infected with H6N1 bird flu, a new strain that has created some worry in the region. Pharmaceutical companies have reported success in fighting various bird flu strains, but worries of a pandemic still persist with every variety not covered. Yum Brands (YUM) is one of the stocks most sensitive to bird flu news.
Free Urgent Insider Catalyst Report For YUM Available Here: http://marketbuzzreport.com/index.php?code=DANG (Or Copy and paste the URL into your browser)
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