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Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:22 EDTASTE, XPO, PRIM, MTRX, KSU, ARC, TWI, POWL, MSA, HOV, ACO, SJI, OESX, MICGlobal Hunter to hold a conference
1:1 Series Infrastructure & Construction Conference is being held in Chicago on March 19.
News For ACO;ARC;ASTE;HOV;KSU;MIC;MSA;MTRX;OESX;POWL;PRIM;SJI;TWI;XPO From The Last 14 Days
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February 24, 2015
16:42 EDTARCARC Document sees FY15 EPS 37c-41c, consensus 50c
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16:41 EDTARCARC Document reports Q4 EPS 6c, consensus 7c
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16:32 EDTMICMacquarie Infrastructure announces 4.375M share offering
Macquarie Infrastructure Company announced a public offering of 4,375,000 LLC interests, or shares, by the company. MIC expects to use the net proceeds from the offering to finance the cash consideration for the acquisition of the assets of Bayonne Energy Center and for general corporate purposes. The company expects the transaction to close in the first half of 2015, subject to regulatory approval and satisfaction of customary conditions precedent. Barclays, Macquarie Capital, J.P. Morgan, RBC Capital Markets and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering.
07:13 EDTASTEAstec says orders so far in 2015 have been steady
The company said: "With regards to federal highway funding, we believe that there is momentum in Washington, DC to get a long-term bill of some kind passed this year. With this development we are cautiously optimistic for the balance of 2015. Orders so far in 2015 have been steady with the exception of products targeted at the oil exploration industry due to the well-publicized decrease in the price of oil. As a result we have made the difficult decision to consolidate all GEFCO operations in Enid, Oklahoma and to close our Loudon, Tennessee operation effective May 31, 2015. We will work to place our Loudon employees with our other companies wherever possible. This closure will result in cost savings in 2015 that will outweigh the cost of closing the facility. Our balance sheet remains strong with a positive net cash position. We are continuing our acquisition efforts and will work to add companies that represent strategic fits for our business during 2015."
07:13 EDTASTEAstec reports Q4 EPS 37c, consensus 36c
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February 23, 2015
09:59 EDTKSUOn The Fly: Analyst Initiation Summary
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08:51 EDTXPOXPO Logistics added to Top Picks List at FBR Capital
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06:11 EDTKSUKansas City Southern initiated with an Overweight at JPMorgan
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February 22, 2015
13:45 EDTKSUCanada introduces legislation to enhance crude-by-rail safety, accountability
The Honourable Lisa Raitt, Minister of Transport, introduced legislation in the House of Commons that will enhance railway safety and make the rail industry and crude oil shippers more accountable to Canadians. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act. Changes include a new liability and compensation regime for federally regulated railways, including minimum insurance requirements; a compensation fund financed by levies on crude oil shippers; increased information-sharing provisions; and stronger oversight powers for the Minister and Transport Canada inspectors. The new liability and compensation regime will be consistent with those the Government has introduced for other modes of transport, such as marine tankers and oil pipelines. It is based on the “polluter pays” principle and makes railways and shippers responsible for the cost of accidents, protecting taxpayers and communities by ensuring that adequate resources are available for compensation if an accident were to occur. Proposed amendments to the Railway Safety Act will broaden the powers of the Minister and inspectors to order railway companies and others to take specified measures or stop any activity deemed necessary for safe railway operations. The proposed amendments will also create new regulation- making powers requiring railway companies to share information with municipalities. These changes are part of the Government’s commitment to strengthen oversight and increase collaboration between communities and the rail industry, addressing issues raised in the Transportation Safety Board’s final report on the Lac-Mégantic derailment as well as concerns of the Federation of Canadian Municipalities. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
February 20, 2015
08:35 EDTKSUKansas City Southern appoints Patrick Ottensmeyer as president effective March 1
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07:31 EDTOESXOrion Energy 4.75M share Secondary priced at $3.50
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February 18, 2015
17:01 EDTMICMacquarie Infrastructure files forms to convert from LLC to corporation
Concurrent with the release of its financial results, MIC filed a registration statement on Form S-4 with the Securities and Exchange Commission indicating its intent to seek shareholder approval to convert the Company from a limited liability company to a corporation. MIC had previously converted from a listed trust to an LLC in 2007 and has elected to be treated as a corporation for tax purposes since that time. “The conversion from an LLC to a corporation will open MIC up to possible inclusion in certain equity indices,” said Hooke. “While we will continue to explore other tax efficient structures for MIC and our assets, we believe the best first step is the conversion to a corporation.” "MIC does not believe the conversion will have any significant impact on existing holders of LLC interests and the company will continue to report dividends on Form 1099. The conversion to a regular corporation is subject to, among other things, the approval of the holders of a majority of MIC’s shares outstanding. A meeting date and time will be set by the MIC board of directors after the registration statement is declared effective by the SEC."
16:59 EDTMICMacquarie Infrastructure raises quarterly cash dividend to $1.02 per share
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16:58 EDTMICMacquarie Infrastructure reports Q4 revenue $405M, consensus $412.04M
16:11 EDTXPOXPO Logistics sees 2015 annual revenue run rate of at least $5.25B
Sees annual EBITDA run rate of at least $300M by December 31, and at least $1.5B of acquired historical annual revenue for the full year. The company reaffirmed its financial targets for the full year 2017: Revenue of approximately $9.0B and EBITDA of approximately $575M.
16:10 EDTXPOXPO Logistics reports Q4 EPS (10c), consensus (13c)
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February 17, 2015
14:16 EDTASTEGabelli raises stake in Astec to 8.35% from 7.33%
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February 16, 2015
18:13 EDTMSAMSA Safety CEO says challenging conditions 'temper' optimism
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18:12 EDTMSAMSA Safety reports Q4 adjusted EPS 94c, consensus 71c
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February 15, 2015
15:35 EDTKSUWest coast ports closed to cargo vessels for weekend, Reuters says
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