Top Stocks: Priceline (NASDAQ:PCLN) gains, Wal-Mart loses after results; Coeur (NYSE:CDE), State Street (NYSE:STT)

Priceline (NASDAQ:PCLN), Nordstrom (JWN), Intuit (INTU), and Angie's List (ANGI) were among the companies whose stocks rose after they reported their results. Conversely, the shares of Wal-Mart (WMT) and personal navigation device maker Garmin (GRMN) fell after those companies reported their results. Apple (Nasdaq: AAPL) was also in news after multiple media outlets reported that Apple (AAPL) is developing an electric car. Shares of American Express (AXP) slid after the company lost a ruling in a suit brought by the Department of Justice. A federal judge ruled that AmEx's merchant terms "constitute an unlawful restraint on trade.Regeneron (REGN) climbed after a study of its Eylea and competing treatments showed a statistically significant improvement with Regneron's drug compared to Roche's (RHHBY) Avastin and Lucentis.

 

Coeur (NYSE:CDE) expects 74K-78K gold ounces production in Wharf gold mine for 2015. (theflyonthewall.com) Coeur Mining (NYSE:CDE) announced the completion of its acquisition of the Wharf gold mine from Goldcorp (GG) pursuant to the previously announced agreement. Under the terms of the agreement, Coeur purchased all of the issued and outstanding shares of the common stock of Wharf from a subsidiary of Goldcorp in exchange for $105M in cash, subject to customary post-closing working capital adjustments. Wharf is expected to produce 74,000-78,000 gold ounces for the remainder of 2015 at a cost applicable to sales per gold equivalent ounce of $750 - $825.

 

State Street (NYSE:STT) increases Q4 legal accrual to $115M. State Street Corporation (NYSE:STT)  has declared an increase in its Q4 legal accrual associated with indirect foreign exchange matters to $115M from $50M. The increase reflects continued negotiations in connection with State Street’s intention to seek to resolve some, but not all, of the outstanding and potential claims arising out of its indirect foreign exchange client activities, and results in a current total legal accrual of $185M regarding these matters.