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Stock Market & Financial Investment News

News Breaks
May 13, 2014
07:30 EDTTRAK, MAN, HSII, ADS, WU, KFRC, GEO, SNX, MGI, IRM, CLGXMacquarie to hold a conference
Extreme Services Conference 2014 to be held in New York on May 13.
News For ADS;CLGX;GEO;HSII;IRM;KFRC;MAN;MGI;WU;TRAK;SNX From The Last 14 Days
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January 30, 2015
07:32 EDTMANManpower sees Q1 EPS 73c-81c, consensus 86c
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07:31 EDTMANManpower reports Q4 EPS $1.47, consensus $1.43
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January 29, 2015
15:37 EDTMANNotable companies reporting before tomorrow's open
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13:30 EDTTRAKRiverbridge lowers passive stake in DealerTrack to 4.45% from 5.81%
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08:14 EDTWUWestern Union extends USSC agent agreement in the Philippines
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January 28, 2015
08:26 EDTGEOGeo Group announces contract for reactivation of 400-bed facility
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January 27, 2015
13:32 EDTTRAKJP Morgan reports 8.8% passive stake in DealerTrack
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08:03 EDTWUWestern Union to offer Apple Pay at flagship locations
Western Union (WU) announced it will offer Apple (AAPL)ís technology Apple Pay mobile payment solution at Western Unionís flagship locations, to provide consumers yet another way to fund global money transfers and bill payments in the United States. Consumers making Western Union transactions at kiosks in over 7,600 Walgreens and Duane Reade locations nationwide also have the ability to utilize the Apple Pay service.
January 26, 2015
10:00 EDTTRAKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Axle (AXL) upgraded to Overweight from Neutral at JPMorgan... Bed Bath & Beyond (BBBY) upgraded to Outperform from Perform at Oppenheimer... DRDGOLD (DRD) upgraded to Neutral from Underweight at JPMorgan... DealerTrack (TRAK) upgraded to Buy from Hold at Stifel... DreamWorks Animation (DWA) upgraded to Buy from Neutral at B. Riley... First Niagara (FNFG) upgraded to Buy from Hold at Jefferies... Fortinet (FTNT) upgraded to Buy from Neutral at Citigroup... Garmin (GRMN) upgraded at RBC Capital... Harmony Gold (HMY) upgraded to Overweight from Neutral at JPMorgan... Invesco (IVZ) upgraded to Positive from Neutral at Susquehanna... Kansas City Southern (KSU) upgraded at Raymond James... McDonald's (MCD) upgraded to Overweight from Equal Weight at Stephens... Melco Crown (MPEL) upgraded to Buy from Hold at Union Gaming... Monro Muffler (MNRO) upgraded to Neutral from Reduce at SunTrust... Pier 1 Imports (PIR) upgraded to Outperform from Perform at Oppenheimer... Piper Jaffray (PJC) upgraded to Neutral from Underperform at Macquarie... Randgold (GOLD) upgraded to Overweight from Neutral at JPMorgan... Rockwell Collins (COL) upgraded to Buy from Hold at Argus... Telefonica (TEF) upgraded to Neutral from Underperform at BofA/Merrill... Triumph Group (TGI) upgraded at RBC Capital... Unilever (UL) upgraded to Buy from Underperform at BofA/Merrill... WWE (WWE) upgraded to Neutral from Underperform at Macquarie.
07:57 EDTGEOGeo Group announces acquisition of eight facilities totaling over 6,500 beds
The GEO Group announced the signing of a definitive agreement to acquire eight correctional and detention facilities totaling more than 6,500 beds from LCS Corrections Services, a privately-held owner and operator of correctional and detention facilities in the United States, and its affiliates. The LCS transaction will be an asset purchase. Pursuant to the terms of the definitive agreement, GEO will acquire the LCS Facilities for approximately $312M, or approximately $48,000 per bed, in an all cash transaction, excluding transaction related expenses. Additionally, LCS has the opportunity to receive an additional payment if the Facilities exceed certain performance targets after the closing over a period of approximately 18 months. The aggregate amount of the purchase price to be paid at closing and the Earnout Payment, if achieved, will not exceed $350M. LCS will use the proceeds to repay approximately $302M in outstanding net debt. GEO will not assume any debt as a result of the transaction. GEO will finance the acquisition of the LCS Facilities with borrowings under its $700M Revolving Credit Facility. Following the LCS transaction, GEO will have approximately $260M in available borrowing capacity under its Revolving Credit Facility. The transaction is expected to close by the end of February 2015, subject to the fulfillment of customary closing conditions. On an annualized basis, the acquisition is expected to immediately increase GEOís revenues by approximately $75M-$80M and be initially 10c-12c accretive to AFFO per share, excluding one-time transaction-related expenses. Additionally, GEO expects to achieve substantial improvements in the utilization of the LCS Facilities which is expected to create additional accretion to AFFO per share over the next 12-24 months.
07:51 EDTTRAKStifel upgrades DealerTrack on more upbeat view of products, positioning
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06:32 EDTTRAKDealerTrack upgraded to Buy from Hold at Stifel
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January 23, 2015
16:34 EDTMGIAbrams Capital reports 5.4% passive stake in MoneyGram
13:15 EDTADSJPMorgan Chase reports 5.5% passive stake in Alliance Data
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January 21, 2015
08:01 EDTSNXSYNNEX, Nexenta sign exclusive distribution agreement
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January 20, 2015
07:28 EDTWUTreasury Institute for Higher Education to hold a symposium
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January 16, 2015
06:57 EDTWUWestern Union added to Focus List with Sell rating at Citigroup
Citigroup added Sell-rated Western Union to its Focus List, calling the short call its top idea in its Processor coverage. Citi believes increased competitive and macro risks are not adequately reflected into consensus expectations. It has a $15.50 price target for shares.

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