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Stock Market & Financial Investment News

News Breaks
March 30, 2012
10:14 EDTUSB, KND, FTE, RIMM, SEM, INVN, AH, XRTX, RTN, IPROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Accretive Health (AH) downgraded to Neutral from Outperform at RW Baird...France Telecom (FTE) downgraded to Sell from Neutral at Citigroup...International Power (IPR) downgraded to Neutral from Buy at Citigroup...InvenSense (INVN) downgraded to Perform from Outperform at Oppenheimer...Kindred Healthcare (KND) downgraded to Market Perform from Outperform at Wells Fargo...Raytheon (RTN) downgraded to Sector Perform from Outperform at RBC Capital...Select Medical (SEM) downgraded to Market Perform from Outperform at Wells Fargo...U.S. Bancorp (USB) downgraded to Market Perform from Outperform at BMO Capital...Xyratex (XRTX) downgraded to Hold from Buy at Needham...Research in Motion (RIMM) downgraded to Underperform at FBR Capital.
News For AH;FTE;IPR;INVN;KND;RTN;SEM;USB;XRTX;RIMM From The Last 14 Days
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March 26, 2015
08:17 EDTUSBSEC Chairwoman proposes new 'dark pool' regulation, NY Post says
Securities and Exchange Commission Chairwoman Mary Jo White proposed new regulation Wednesday that would require high-frequency traders to register with the Financial Industry Regulatory Authority and provide the agency with a daily paper trail, reports the New York Post. The Post notes that there is a 60-day comment period before any SEC rule is finalized. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
05:43 EDTRTNRaytheon signs second letter of intent with MESKO
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March 24, 2015
17:21 EDTRTNRaytheon awarded $528.8M government contract modification
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08:49 EDTSEMHumana price target raised to $193 from $167 at Oppenheimer
Oppenheimer increased its price target on Humana (HUM) to reflect the company's sale of Concentra to Select Medical (SEM) and Welsh Carson for $1.055B. The firm says that the deal is likely to be supportive of Humana's earnings growth over the longer term. It keeps an Outperform rating on the shares.
07:45 EDTUSBMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
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March 23, 2015
17:34 EDTRTNRaytheon awarded $109.58M government contract
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12:17 EDTSEMOn The Fly: Midday Wrap
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09:07 EDTSEMSelect Medical agrees to acquire Concentra through JV with Welsh Carson
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09:04 EDTSEMHumana to sell Concentra to Select Medical, Welsh Carson for $1.055B in cash
Humana (HUM) has reached a definitive agreement to sell the stock of its wholly-owned subsidiary, Concentra, to MJ Acquisition Corporation, a joint venture between Select Medical Holdings Corporation (SEM), an operator of specialty hospitals and outpatient rehabilitation clinics in the U.S., and Welsh, Carson, Anderson & Stowe XII, L.P., a private equity fund, for approximately $1.055B in cash, subject to customary adjustments. Humana acquired Concentra in December 2010. Subsequently, the assets of certain privately-operated Community Based Outpatient Clinics were transferred into Concentra. Additionally, Humana has divested certain Concentra non-core assets over the past four years. The decision to divest Concentra demonstrates the company’s commitment to its previously announced business portfolio review. Humana will continue performing its review of the alignment and return potential of businesses across the organization to ensure each supports the company’s integrated care delivery strategy and earns the appropriate return on invested capital. The Concentra transaction is anticipated to close during the second quarter of 2015 subject to Hart Scott Rodino regulatory clearance and customary closing conditions. Humana anticipates using the net proceeds from the transaction to advance its strategic growth priorities, to fund additional share repurchases under its existing $2 billion authorization and for general corporate purposes. Goldman, Sachs & Co. is acting as financial advisor to Humana. Fried, Frank, Harris, Shriver & Jacobson LLP is acting as legal advisor to Humana. Concentra reported revenues for the year ended December 31, 2014 were approximately $1B. Humana anticipates the Concentra divestiture will be slightly dilutive to 2015 EPS excluding any one-time gain expected upon the close of the transaction.
09:02 EDTSEMHumana to sell Concentra to Select Medical, Welsh Carson for $1.055B in cash
08:07 EDTKND, SEMBofA/Merrill healthcare high yield analyst has analyst/industry conference call
Healthcare High Yield Analyst Bland provides an update on the current state of the bond markets and the ability of healthcare providers to utilize debt financing on an Analyst/Industry conference call to be held on March 24 at 10 am.
08:01 EDTRTNBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
March 19, 2015
11:53 EDTUSBU.S. banks face headwinds in unloading oil loans, WSJ says
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10:02 EDTINVNOn The Fly: Analyst Initiation Summary
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09:29 EDTINVNInvenSense initiated with a Neutral at Rosenblatt
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March 18, 2015
18:46 EDTRTNRaytheon raises annual dividend to $2.68 per share from $2.42 per share
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17:53 EDTRTNRaytheon awarded $212.63M government contract modification
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March 17, 2015
08:01 EDTRTNRaytheon awarded two contract modifications for $5M by DARPA
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March 16, 2015
15:49 EDTRTNRaytheon in talks to buy network-security company Websense, Bloomberg says
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14:25 EDTRTNRaytheon in talks to buy Websense from Vista Equity Partners, Bloomberg reports
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