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Stock Market & Financial Investment News

News Breaks
March 4, 2013
15:27 EDTQUAD, DCO, YGE, NLS, AACC, SHFL, EPIQ, ABMCompanies reporting After the Market Close on Monday, March 4
Notable companies reporting after the closing bell on Monday include ABM Industries (ABM), Asset Acceptance Capital (AACC), Ducommun (DCO), Epiq Systems (EPIQ), Nautilus (NLS), Quad/Graphics (QUAD), SHFL entertainment (SHFL), and Yingli Green (YGE).
News For ABM;AACC;DCO;EPIQ;NLS;QUAD;SHFL;YGE From The Last 14 Days
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September 3, 2015
07:07 EDTYGEYingli Green Energy forms joint venture for large solar projects in West Africa
Yingli Green Energy's wholly owned subsidiary, Yingli Green Energy Europe, and Namene Energy International, a renewable energy solutions developer focused on West Africa, have formed a new joint venture, Yingli Namene West Africa Limited. The JV aims to develop a total of 100 MW of utility-scale solar projects and up to 50 MW of commercial rooftop projects in Ghana and neighboring countries over the coming years and Yingli Europe will serve as the JV's preferred solar panel supplier. Yingli Namene West Africa Limited will be headquartered in Accra, Ghana, and its first utility-scale projects are already under development. Construction is expected to start in 2017.
September 2, 2015
18:19 EDTABMABM Industries announces $200M share repurchase program
The ABM board has authorized a $200M share repurchase program. The company intends to repurchase its common shares from time to time in open market purchases or privately negotiated transactions and may make all or part of the repurchases pursuant to Rule 10b5-1 plans.
18:18 EDTABMABM Industries narrows FY15 adjusted EPS view to $1.75-$1.80, consensus $1.80
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18:17 EDTABMABM Industries reports Q3 adjusted EPS 47c, consensus 49c
Reports Q3 revenue $1.35B, consensus $1.33B.
16:46 EDTABMABM Industries to explore strategic alternatives for Security business
ABM Industries also reviewed all service lines and internal investments to assess whether ABM is best positioned to continue to competitively offer value added services to customers over the long-term. As a result of this process, despite its strong underlying fundamentals, the company has determined that it will explore strategic alternatives for its Security business that may include a partnership, sale or other strategic transaction. ABM's review of strategic alternatives for its Security business is only in its beginning stages. As such, at this point, ABM cannot assess whether any particular strategic alternative for the Security business will be pursued or, if so, upon what terms and conditions or the timing thereof. ABM plans to further discuss its strategy and transformation initiative during its investor meeting at the end of October.
16:45 EDTABMABM Industries sees pre-tax restructuring charges of $45M-$60M in Q3
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16:42 EDTABMABM Industries approves strategy to drive long-term growth
ABM announced that its board has approved a comprehensive strategy and transformation initiative to drive long-term profitable growth and enhance shareholder value. The initiative will focus ABM on its core strengths and most profitable businesses, and align its business operations to deliver unique industry and client solutions. As previously announced in June, the company underwent a comprehensive strategic review with the assistance of the Boston Consulting Group to develop a long-term strategic plan for the business. As part of this process, ABM identified several key priorities designed to differentiate ABM in the marketplace, improve its margin profile and accelerate revenue growth. These priorities include: Growing by focusing on industries and solutions where ABM can distinguish itself on service and quality and drive profitable, margin-accretive growth. ABM will initially focus on key verticals where it has or can build a competitive advantage, including Business & Industry, Aviation, Healthcare, Education, and HighTech; Aligning business operations to better support specific industries and deliver excellence in client solutions, including a transition to an integrated end-market verticals focus, simplified organizational structure and a consolidation of certain shared services. The company expects the majority of the organizational changes to be in place by the end of Q2 of FY16; Implementing best practices in account management and labor management across the organization, as well as developing a more integrated approach for continuous improvement in its safety program, including driving initiatives to help reduce future insurance claim frequency and severity; Leveraging the company's scale to manage costs more efficiently and effectively, including supplier consolidation and process and procurement enhancement; Creating greater opportunities and career paths for ABM employees by further developing the company's talent management system capabilities; Announcing a $200M share repurchase program, a dividend consistent with current practice, and an increased focus on specific financial performance metrics.
14:50 EDTABMNotable companies reporting after market close
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August 28, 2015
06:14 EDTYGEYingli Green Energy reports preliminary Q2 PV module shipments 720 MW-730 MW
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August 27, 2015
16:24 EDTNLSNautilus provides update on $15M share repurchase program
Nautilus provided an update on its previously announced $15M share repurchase program authorized in November, 2014. Nautilus has repurchased $6.6M of common stock under the program during Q3 to date at an average price of $16.98 per share. Total repurchases under the program from inception through August 27 are $8.6M at an average price of $16.45.
16:24 EDTNLSNautilus updates royalty revenue resumption
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16:23 EDTNLSNautilus provides update on $15M share repurchase program
Nautilus provided an update on its previously announced $15M share repurchase program authorized in November, 2014. Nautilus has repurchased $6.6M of common stock under the program during Q3 to date at an average price of $16.98 per share. Total repurchases under the program from inception through August 27 are $8.6M at an average price of $16.45.
August 25, 2015
11:41 EDTYGESolarCity rises again after Chairman Musk buys shares
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August 24, 2015
16:46 EDTYGEPresident Obama announces new renewable energy commitments
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11:09 EDTYGEGoldman says SolarCity attractive after sharp pullback
SolarCity (SCTY) shares are climbing in the down market after Goldman Sachs contended in a note to investors today that the stock is attractive following its recent sharp retreat, The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm believes. WHAT'S NEW: Noting that SolarCity's stock had tumbled 27% in the last month before today's open, Goldman Sachs analyst Brian Lee wrote that the shares are being dragged down by worries about financing and cost of capital that are affecting the entire solar sector. However, he contended that these issues are having only a "limited" impact on SolarCity. On August 13, the company successfully sold asset-backed securities and it said that more such sales are likely to occur in the near-term, Lee noted. Meanwhile, SolarCity isn't being affected by the cost of capital increases that other solar companies are experiencing, the analyst reported. Before today's open, the stock was near a two year low, even though SolarCity's fundamentals are still "strong," Lee believes. Additionally, the largest U.S. solar trade show, which is expected to begin on September 14, could boost solar stocks, as it has historically been a catalyst for the sector, the analyst stated. SolarCity may provide guidance about the outlook for its Silevo solar panel manufacturing subsidiary in the second half of 2015, and the guidance could boost the stock, Lee believes. The risk/reward ratio of SolarCity's stock is positive, according to the analyst, who has a Conviction List Buy and $85 price target on the shares. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). PRICE ACTION: In late morning trading, SolarCity advanced 5.3% to $43.18.
August 21, 2015
10:02 EDTYGEOn The Fly: Analyst Initiation Summary
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08:18 EDTYGEYingli Green Energy initiated with a Sell at Axiom
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06:56 EDTYGESolar companies spending $1B in Texas projects, WSJ says
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