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Stock Market & Financial Investment News

News Breaks
March 1, 2013
10:00 EDTAIG, WEN, OPTR, CVC, SAIA, ACIW, FDML, FULT, V, SLCA, SD, WFT, CEO, DRI, DUK, DB, HCN, OVTI, MCRS, RBS, VTR, HKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded to Equal Weight from Overweight at Evercore... CNOOC (CEO) downgraded to Reduce from Neutral at Nomura... Darden (DRI) downgraded to Neutral from Buy at UBS... Deutsche Bank (DB) downgraded to Sell from Neutral at Goldman... Duke Energy (DUK) downgraded to Hold from Buy at Deutsche Bank... Health Care REIT (HCN) downgraded to Underperform from Market Perform at BMO Capital... MICROS (MCRS) downgraded to Hold from Buy at Jefferies... OmniVision (OVTI) downgraded to Market Perform from Outperform at Raymond James... Royal Bank of Scotland (RBS) downgraded to Hold from Buy at Societe Generale... Ventas (VTR) downgraded to Underperform from Market Perform at BMO Capital... Weatherford (WFT) downgraded to Underperform from Market Perform at BMO Capital... Wendy's (WEN) downgraded to Underweight from Equal Weight at Morgan Stanley... SandRidge Energy (SD) downgraded to Sell from Hold at Tudor Pickering... Optimer (OPTR) downgraded to Market Perform from Outperform at JMP Securities... Cablevision (CVC) downgraded to Hold from Buy at Wunderlich... Saia, Inc. (SAIA) downgraded to Hold from Buy at Stifel Nicolaus... ACI Worldwide (ACIW) downgraded to Equal Weight from Overweight at Stephens... Federal-Mogul (FDML) downgraded to Sell from Neutral at Goldman... Fulton Financial (FULT) downgraded to Neutral from Buy at Sterne Agee... Wendy's (WEN) downgraded at Morgan Stanley... U.S. Silica (SLCA) downgraded due to valuation at Morgan Stanley... Visa (V) downgraded to Hold from Buy at Argus... Halcon Resources (HK) downgraded to Neutral from Accumulate at Global Hunter.
News For AIG;CEO;DRI;DUK;DB;HCN;OVTI;MCRS;RBS;VTR;WFT;SD;WEN;OPTR;CVC;SAIA;ACIW;FDML;FULT;V;SLCA;HK From The Last 14 Days
Check below for free stories on AIG;CEO;DRI;DUK;DB;HCN;OVTI;MCRS;RBS;VTR;WFT;SD;WEN;OPTR;CVC;SAIA;ACIW;FDML;FULT;V;SLCA;HK the last two weeks.
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July 18, 2014
08:17 EDTWENWendy's initiated with a Buy at Buckingham
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07:27 EDTSLCAU.S. Silica price target raised to $69 from $54 at Jefferies
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06:31 EDTRBSRBS winds-down distressed-debt unit as Weiss leaves, Bloomberg says
Royal Bank of Scotland is capping a distressed-debt division as it scales back its investment firm to revive profitability, according to Bloomberg citing three people familiar with the matter. The sources said that global head of a special situations group, Jon Weiss, departed this month. Reference Link
06:26 EDTDBMetro hires Deutsche to guide on consumer-electronics unit, Bloomberg says
Metro (MTTRY) hired Deutsche Bank (DB) to examine options for its consumer-electronics unit, according to Bloomberg, citing two people with direct knowledge of the matter. The sources said that alternatives may include a sale, spinoff or IPO of the Media-Saturn division. Reference Link
06:20 EDTRBSRBS considers selling Coutts' overseas operations, FT reports
Royal Bank of Scotland is eyeing the sale of Coutts' overseas operations, the Financial Times reports. The bank is currently conducting a review of its wealth management division. Reference Link
July 17, 2014
11:40 EDTCEOShell plans to end investment in Qatar natural gas project, WSJ reports
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10:00 EDTACIW, AIGOn The Fly: Analyst Initiation Summary
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07:51 EDTSLCAU.S. Silica to host conference call
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07:37 EDTVVisa MasterCard underperformance creates buying opportunity, says Oppenheimer
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06:49 EDTAIGAIG initiated with an Outperform at RBC Capital
Target $64.
July 16, 2014
18:26 EDTDRIOn The Fly: After Hours Movers
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17:27 EDTACIWACI Worldwide initiated with an Outperform at BMO Capital
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17:09 EDTSLCAU.S. Silica to acquire Cadre Services for $98M cash
U.S. Silica Holdings announced that it has signed a stock purchase agreement to acquire all of the outstanding shares of Cadre Services for approximately $98M in cash. Closing is expected by the end of the month. The purchase price of $98M, less the net present value of approximately $14M in deferred tax assets, results in $84M of net consideration. Adjusted LTM EBITDA of $11.1M represents a purchase price multiple of 7.6 times. Projected 2015 Adjusted EBITDA of approximately $18M after synergies and the benefit of a full year of sales from the March capacity expansion represents a purchase price multiple of 4.7 times. This would result in Adjusted EPS accretion of 11c-13c per share in 2015.
14:36 EDTVVisa launches Visa Checkout payment service
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11:28 EDTSDLeon Cooperman gives 12 stock picks at CNBC conference
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11:16 EDTSDCooperman lists Actavis, Citigroup, KKR among top-picks, CNBC says
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08:25 EDTDBCNBC / Institutional Investor to host a conference
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07:04 EDTAIGAIG to receive $650M in cash in Bank of America settlement
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07:02 EDTAIGAIG announces settlement with BofA on residential mortgage related disputes
American International Group (AIG) announced that it has reached a global resolution of its residential mortgage related disputes with Bank of America (BAC). The resolution includes its claims pending in New York and California federal courts related to the creation, offering, and sale of RMBS from which AIG and its subsidiaries suffered losses either directly on their own account or in connection with their participation in AIG’s securities lending program. The resolution also covers AIG’s objections to the $8.5 billion settlement of Countrywide’s mortgage repurchase obligations to various investors, as well as disputes concerning the issuance of mortgage guaranty insurance by AIG’s United Guaranty subsidiaries to Bank of America and Countrywide. Under the terms of the settlement, AIG will receive $650M in cash plus its pro rata share of whatever amount is ultimately paid out to investors in connection with the Countrywide repurchase settlement. In addition, the parties have agreed, subject to the approval of Fannie Mae, Freddie Mac and certain other mortgage holders, to resolve the outstanding mortgage guaranty claims disputes in accordance with agreed-to claims processes and payment formulae.
07:01 EDTAIGAIG announces settlement with BofA on residential mortgage related disputes
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