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Stock Market & Financial Investment News

News Breaks
May 9, 2012
10:29 EDTAIG, HSY, VECO, UA, STJ, SMG, MGLN, IQNT, FOSL, EZPW, DOW, DMD, CPE, AFFX, PRTSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AIG (AIG) upgraded to Buy from Neutral at Goldman... Affymetrix (AFFX) upgraded to Equal Weight from Underweight at Morgan Stanley... Callon Petroleum (CPE) upgraded to Outperform from Neutral at RW Baird... Demand Media (DMD) upgraded to Buy from Neutral at Citigroup... Dow Chemical (DOW) upgraded to Overweight from Equal Weight at Morgan Stanley... EZCORP (EZPW) upgraded to Neutral from Underperform at Sterne Agee... Fossil (FOSL) upgraded to Buy from Hold at Benchmark Co... Inteliquent (IQNT) upgraded to Outperform from Neutral at RW Baird... Magellan Health (MGLN) upgraded to Buy from Neutral at BofA/Merrill... Scotts Miracle-Gro (SMG) upgraded to Market Perform from Underperform at BMO Capital... St. Jude Medical (STJ) upgraded to Overweight from Equal Weight at Morgan Stanley... Under Armour (UA) upgraded to Buy from Neutral at UBS... Veeco (VECO) upgraded to Overweight from Neutral at Piper Jaffray... Hershey (HSY) upgraded to Buy from Hold at Argus... U.S. Auto Parts (PRTS) upgraded to Buy from Neutral at Roth Capital.
News For AIG;AFFX;CPE;DMD;DOW;EZPW;FOSL;IQNT;MGLN;SMG;STJ;UA;VECO;HSY;PRTS From The Last 14 Days
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September 2, 2014
07:08 EDTAIGNew AIG CEO looks to boost profits by utilizing trove of data, WSJ reports
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07:03 EDTCPECallon Petroleum announces $213M Midland Basin acquisition
Callon Petroleum announced it has entered into definitive agreements with private entities to acquire certain undeveloped acreage and oil and gas producing properties located in Midland, Andrews, Martin and Ector Counties, Texas for an approximate aggregate price of $212.6M in cash, subject to customary purchase price adjustments with an effective date of May 1. Key attributes of the acquired fields include: 6,230 gross surface acres, 95% of which are located in Midland and Andrews Counties, in close proximity to the Company's existing Carpe Diem and Pecan Acres fields in Midland County; 188 gross potential horizontal drilling locations targeting the Wolfcamp B, Lower Spraberry and Middle Spraberry zones which are currently producing in offsetting fields; 252 gross additional potential horizontal drilling locations targeting four other prospective zones, including the Wolfcamp A, Wolfcamp D, Clearfork and Jo Mill 1,465 Boe/d estimated average net daily production during the second quarter of 2014 4M Boe of net proved developed producing reserves as of June 30, 2014 based on internal Callon estimates; 100% of targeted horizontal zones held by production. The pending acquisition is expected to close in early October 2014, and is subject to the completion of customary due diligence and closing conditions. In connection with the acquisition, the company has secured a commitment for a term loan facility in an amount up to $275M and an amended revolving credit facility with an initial borrowing base of $250M.
September 1, 2014
15:59 EDTSTJSt. Jude Medical announces new Fractional Flow Reserve trial
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09:00 EDTAIGAIG says Peter Hancock assumes role of CEO
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08:38 EDTUANike counters Under Armour offer, keeps Durant, ESPN reports
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August 31, 2014
13:53 EDTSTJSt. Jude Medical Quartet quadripolar lead performed better than bipolar leads
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13:33 EDTUAGoldman to hold a conference
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August 29, 2014
16:18 EDTDMDDemand Media files to sell 1.05M shares of common stock for holders
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August 28, 2014
17:42 EDTSTJJ&J begins sales process for its medical device unit Cordis, WSJ says
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08:45 EDTAIGAIG volatility at low end of historic range
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08:03 EDTDOWDow Microbial Control enters into commercial agreement with Xgenex
Dow Microbial Control, a business unit of The Dow Chemical Company, has entered into a commercial agreement with food safety innovation company Xgenex LLC, for the U.S. sales of Dow Advanced Oxidation System Certified Whole Room Sanitization for food processing and packaging environments.
August 27, 2014
12:44 EDTDOWDow Chemical looking to sell Angus Chemical, AgroFresh units, Reuters reports
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12:39 EDTDOWDow Chemical looking to sell Angus Chemical, AgroFresh units, Reuters reports
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07:15 EDTDOWDow Chemical management to meet with Deutsche Bank
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August 26, 2014
16:29 EDTSTJSt. Jude Medical resolves FDA warning letter for Plano facility
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13:00 EDTMGLNMagellan Health names Dr. Karen Amstutz as Chief Medical Officer
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12:51 EDTDOWStocks with increasing options volume
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11:31 EDTFOSLMovado tumbles after second quarter results, outlook miss estimates
Shares of luxury watch maker Movado (MOV) are falling after the company's second quarter results and fiscal 2015 outlook missed analysts' consensus estimates. WHAT'S NEW: This morning, Movado reported Q2 adjusted earnings per share of 44c and revenue of $143.6M, missing analysts' consensus estimates of 54c and $152.99M, respectively. Q2 gross profit was 54% of sales, compared to 54.1% of sales, in the prior year period. Gross margin percentage remained relatively flat as a result of the unfavorable impact of changes in foreign currency exchange rates, offset by the leverage gained on certain fixed costs due to increased sales. WHAT'S NOTABLE: Movado forecast FY15 EPS of $2.44, slightly short of the consensus of $2.46. FY15 revenue was seen at $640M, compared to consensus of $640.17M, while FY15 gross margin is expected to be approximately flat, year over year. Efraim Grinberg, Chairman and CEO, stated , "We anticipate our sales growth to accelerate during the second half of the year, as strong sell-through rates at retail are expected to drive new shipments and replenishment growth and we continue to benefit from the expansion of our Movado and licensed brands around the world. We will also continue to invest in our infrastructure and growth initiatives, including investments in Asia and Latin America. We continue to believe that our strategies have us positioned to achieve our goal of delivering sustainable profitable growth." PRICE ACTION: In late morning trading, Movado fell $3.08, or about 7%, to $40.96 on heavy trading volume. Despite today's pull back, the stock is up almost 8% over the past 12 months. OTHERS TO WATCH: Movado's peer, Fossil Group (FOSL), is up 0.2% on the session.
August 21, 2014
11:24 EDTUAUnder Armour offered Durant $265M-$285M contract, ESPN reports
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09:44 EDTVECOVeeco management to meet with UBS
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