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Stock Market & Financial Investment News

News Breaks
December 10, 2012
05:55 EDTAEY, AEY, CMVT, CMVT, DG, DG, FGP, FGP, HSOL, HSOL, MGLN, MGLN, PTRY, PTRYCompanies reporting Before the Market Open on Tuesday, December 11
Notable companies reporting before the opening bell on Tuesday include ADDvantage Technologies Group (AEY), Comverse Technology (CMVT), Dollar General (DG), Ferrellgas Partners (FGP), Hanwha Solarone (HSOL), Magellan Health Services (MGLN), and The Pantry (PTRY).
News For AEY;CMVT;DG;FGP;HSOL;MGLN;PTRY From The Last 14 Days
Check below for free stories on AEY;CMVT;DG;FGP;HSOL;MGLN;PTRY the last two weeks.
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April 15, 2014
16:31 EDTMGLNMagellan Health and customer agree to amend contract
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05:23 EDTHSOLHanwha SolarOne announces retirement of chairman, CEO Ki-Joon Hong
SolarOne announced its Chairman and CEO Ki-Joon Hong has retired from the company. Chairman Hong was appointed a Director of Hanwha SolarOne on October 8, 2010 and subsequently became CEO on June 27, 2011. A replacement is expected to be announced by the end of April.
April 14, 2014
15:01 EDTMGLNMagellan Health extends contract with 'significant' customer
Magellan Health disclosed in a regulatory filing that as disclosed in the Magellan Health Services, Form 10-K, filed on March 3, the Company has a contract with one of the significant customers in its Specialty Solutions segment with a term ending Janaury 31, 2015 which generated revenue of $47.3M for the year ended December 31. On April 9, the company and this customer agreed to extend this contract through January 31, 2016
April 10, 2014
13:14 EDTDGFamily Dollar slides after holiday disappointment prompts store closures
Shares of discount retailer Family Dollar (FDO) are falling after the company reported second quarter earnings per share and revenue that fell below expectations, along with third quarter and FY14 projections that are lower than analysts' consensus. WHAT'S NEW: This morning, Family Dollar reported second quarter earnings per share of 80c, which fell below analysts consensus of 90c. The company reported second quarter revenue of $2.72B, while analysts projected $2.77B. Family Dollar, which reported that its second quarter same-store-sales decreased by 3.8%, said the holiday season was challenged by "a more promotional competitive environment and a more financially constrained consumer" and that its results were also significantly impacted by severe winter weather like many retailers. The company expects third quarter earnings per share excluding-items to be 85c-95c, while analysts project a 98c consensus. Family Dollar said that it sees FY14 earnings per share excluding items to be $3.05-$3.25, which is at the lower end of analysts' estimations. Family Dollar noted that it expects to close nearly 370 underperforming stores in the second half of FY14 and slow new store growth beginning in FY15. WHAT'S NOTABLE: During Family Dollar's earnings conference call, the company said that it plans to slow square footage growth in the beginning of FY14 and said that it recently cut about 10% of its corporate workforce. ANALYST OPINION: Wells Fargo analyst Matt Nemer said Family Dollar's third quarter negative comp guidance and commentary about a challenging macro environment could pressure its own shares as well as those of its peers Dollar General (DG) and Dollar Tree (DLTR). However, Family Dollar's store closures combined with a decrease in future store growth could ultimately have positive implications for its competitors, Nemer added. On March 4, Credit Suisse said Family Dollar's underperformance compared to Dollar General and significant earnings possibilities gives the rationale for a potential merger of the two. On February 19, Credit Suisse analyst Michael Exstein suggested that Wal-Mart (WMT) should consider acquiring Family Dollar as a way to "jumpstart" its small store effort. CNBC's David Faber reported the same morning that Exstein published his note that Family Dollar was not holding any talks about selling itself at that time. PRICE ACTION: During afternoon trading, shares of Family Dollar decreased $1.54, or 2.61%, to $57.53, Dollar Tree dropped 2.5%, and Dollar General fell about 1.5%.
April 9, 2014
09:20 EDTDGBofA/Merrill's retail analysts hold an analyst/industry conference call
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