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Stock Market & Financial Investment News

News Breaks
January 17, 2014
10:04 EDTAGN, IBM, TTEK, RENT, STO, TOT, SSW, PXD, MXWL, ESI, FRX, WBKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Allergan (AGN) upgraded to Buy from Neutral at SunTrust... American Express (AXP) upgraded to Positive from Neutral at Susquehanna ... Forest Labs (FRX) upgraded to Outperform from Neutral at Credit Suisse... ITT Educational (ESI) upgraded to Buy from Neutral at BofA/Merrill... Maxwell (MXWL) upgraded to Overweight from Neutral at Piper Jaffray... Pioneer Natural (PXD) upgraded to Buy from Hold at Stifel... Seaspan (SSW) upgraded to Hold from Sell at Stifel... Statoil (STO) upgraded to Buy from Hold at Deutsche Bank... Total (TOT) upgraded to Buy from Neutral at Citigroup... Rentrak (RENT) upgraded to Market Perform from Underweight at Albert Fried... IBM (IBM) upgraded to Buy from Outperform at CLSA... Tetra Tech (TTEK) upgraded to Overweight from Equal Weight at Stephens... Westpac Banking (WBK) upgraded to Neutral from Sell at Goldman.
News For AGN;FRX;ESI;MXWL;PXD;SSW;TOT;STO;RENT;TTEK;IBM;WBK From The Last 14 Days
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October 15, 2014
09:20 EDTSTOOn The Fly: Pre-market Movers
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08:39 EDTMXWLMaxwell reinstated with a Buy at Canaccord
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07:58 EDTRENTRentrak deal with Fox affirms strategy, says Brean Capital
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07:44 EDTTOTExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
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07:07 EDTESIFor profit education positive catalysts outweigh negative, says Wells Fargo
Wells Fargo expects for-profit education stocks to benefit from improved hiring trends and a sale by Corinthian of its assets that, according t othe firm ,would set a valuation floor for the sector. The firm continues to believe that the final gainful employment rule will be neutral to positive for the group. Wells favors the option value on the long side for the sector. Publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon (LOPE), ITT Educational (ESI) and Strayer (STRA).
06:22 EDTSTOStatoil names Eldar Saetre as acting president and CEO
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06:21 EDTSTOBG Group names Statoil's Helge Lund as CEO, effective March 2, 2015
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05:31 EDTSTOStatoil CEO Lund to resign, appoints Eldar Sætre as acting CEO
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October 14, 2014
17:23 EDTESIBarnstar Opportunities reports 5.4% passive stake in ITT Educational
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15:24 EDTIBMIBM, SAP partner to accelerate Enterprise Cloud adoption
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13:11 EDTTOTTotal moving ahead with 60% expansion of Joslyn project, Financial Post says
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09:04 EDTSTOStatoil, Exxon Mobil announce additional discovery offshore Tanzania
Statoil (STO) and co-venturer Exxon Mobil (XOM) announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21 tcf in block 2. The Giligiliani-1 discovery is the venture’s seventh discovery in block 2. Statoil operates the licence on block 2 on behalf of Tanzania Petroleum Development Corporation and has a 65% working interest. ExxonMobil Exploration and Production Tanzania Limited holds the remaining 35%.
07:02 EDTRENTRentrak announces agreement with Fox Networks Group
Rentrak announced an agreement with the Fox Networks Group, or FNG, that expands its existing relationship to include linear TV ratings measurement and single source consumer data reporting. FNG's FOX Broadcasting, FX Networks and National Geographic Channels will access Rentrak's complete TV ratings measurement insights including its advanced demographic to help transform the valuation and monetization of its media inventory.
06:03 EDTAGNMarket overreacted to new Irish tax rules, says BMO Capital
BMO Capital believes the market may have overreacted yesterday to the report that Ireland is eliminating the "Double Irish" tax loophole. The firm says Allergan (AGN) confirmed that it incorporated potential changes to Irish tax law in its recently raised earnings guidance while Mallinckrodt (MNK) said it does expect the new tax structure to have an immediate impact. BMO views yesterday's pullback in shares of Allergan, Mallinckrodt and Actavis (ACT) as an overreaction.
October 13, 2014
06:39 EDTAGNAllergan takeout value at or above $210 per share, says Leerink
Leerink believes Allergan's takeover value is now at or above $210 per share given the company's recent execution. After speaking with management, the firm says Allergan's upside in Q3 was driving by fundamentals, not cost cuts. It continues to view the "most likely and straightforward outcome" for Allergan as being an outright sale of the company. Leerink raised its price target for shares to $215 from $184 and keeps an Outperform rating on Allergan.
06:36 EDTTOTSaudi Arabia content to let oil prices stay low, Reuters reports
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05:18 EDTSTOStatoil sells 15.5% share in Shah Deniz to PETRONAS for $2.2B
Statoil has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company, or SCPC, 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company, or AGSC, to the Malaysian oil and gas company PETRONAS. The transaction value is $2.25B. Statoil's Q2 production from the Shah Deniz field was 38,000 barrels of oil equivalent per day. The effective date is January 1. The transaction is expected to be closed early 2015, subject to approval from the relevant authorities.
05:16 EDTSTOStatoil sells 15.5% share in Shah Deniz to PETRONAS for $2.2B
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October 12, 2014
13:53 EDTTOTKuwaiti Minister says OPEC unlikely to cut production, WSJ says
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13:45 EDTTOTSaudis take aggressive oil measures in Europe, WSJ says
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