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Stock Market & Financial Investment News

News Breaks
January 8, 2013
15:03 EDTMG, AA, GPN, APOLCompanies reporting After the Market Close on Tuesday, January 8
Notable companies reporting after the bell include Alcoa (AA), Apollo Group (APOL), Global Payments (GPN) and Mistras Group (MG).
News For AA;APOL;GPN;MG From The Last 14 Days
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August 3, 2015
10:01 EDTAAAlcoa falls, levels to watch
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08:33 EDTGPNGlobal Payments management to meet with JPMorgan
Meeting to be held in New York on August 6 hosted by JPMorgan.
July 29, 2015
10:27 EDTAPOLApollo Education slides after receiving CID from FTC
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10:07 EDTAPOLHigh option volume stocks:
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July 28, 2015
12:51 EDTGPNGlobal Payments reports Q4 cash EPS $1.22, consensus $1.18
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07:15 EDTGPNGlobal Payments says board expanded repurchase authorization by $300M
Global Payments’ Board of Directors expanded its share repurchase authorization by an incremental $300 million, bringing its total current authorization to $403 million. Under the company’s new authorization, Global Payments may repurchase shares in the open market or as otherwise may be determined by the company, subject to market conditions, business opportunities and other factors. The company has no obligation to repurchase shares under this program. This authorization has no expiration date and may be suspended or terminated at any time. Repurchased shares will be retired but will be available for future issuance.
07:14 EDTGPNGlobal Payments sees FY16 EPS $5.60-$5.78, consensus $5.44
Sees FY16 GAAP revenue $2.87B-$2.95B, consensus $2.96B. Sees FY16 adjusted revenue $2.06B-$2.1B.
July 27, 2015
08:39 EDTGPNGlobal Payments, Caixa, Erste to form joint venture
Global Payments (GPN), CaixaBank (CAIXY), and Erste Group Bank (EBKDY) announced an agreement to form a joint venture to provide merchant acquiring and payment services in three core locations in Central and Eastern Europe: Czech Republic, Slovakia and Romania. Global Payments and CaixaBank will pay EUR30M in cash to acquire a 51% majority ownership in the venture. Erste Group will contribute its existing merchant acquiring businesses in each of the three countries to the joint venture and will hold a 49% interest. The transaction is expected to close in the second half of fiscal 2016, subject to receipt of regulatory approvals and satisfaction of customary closing conditions. Global Payments does not expect the joint venture to have a material impact on the company’s fiscal 2016 cash earnings per share or capital plans. Global Payments will provide additional financial information about the joint venture upon closing.
July 26, 2015
15:35 EDTAAAlcoa looks 'far more promising' under CEO Kleinfeld, Barron's says
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July 23, 2015
09:06 EDTAAAlcoa announces realignment of downstream portfolio
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09:02 EDTAAAlcoa completes acquisition of RTI International
Alcoa (AA) announced that it has completed the acquisition of RTI International Metals (RTI). The merger, announced on March 9, became effective today. Under the terms of the merger agreement, each share of RTI common stock has been converted into the right to receive 2.8315 shares of Alcoa common stock, plus an amount of cash in lieu of fractional shares of Alcoa common stock. Alcoa expects RTI to contribute $1.2 billion in revenue in 2019, up from $794 million that RTI generated in 2014, with 65 percent of revenues supported by contracts over the next five years. RTI’s profitability is expected to reach 25 percent EBITDA margin in 2019. Contracts that underpin RTI’s growth include the recently announced contract with Airbus for finished titanium structural supply parts for the new A350-1000 aircraft program. Under the agreement, Alcoa will supply titanium parts for the fuselage, among other components. Alcoa expects global aerospace sales growth of 8 to 9 percent in 2015. Projections for 2016 and 2017 sales growth have nearly doubled to 8 and 13 percent, from 4 to 5 percent and 6 percent, respectively, showing the ongoing strength of the sector. Eighty percent of RTI’s revenues in 2014 were from the aerospace and defense industries. With RTI, Alcoa’s 2014 pro forma aerospace revenue increases by 13 percent to $5.6 billion. RTI is being integrated as a standalone business unit into Alcoa’s downstream Engineered Products and Solutions segment.

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