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Stock Market & Financial Investment News

News Breaks
February 14, 2013
17:21 EDTAIG, STZ, HSHThird Point reports decreased stakes in AIG, Hillshire Brands, Constellation
News For AIG;HSH;STZ From The Last 14 Days
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June 24, 2015
17:57 EDTAIGWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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June 23, 2015
15:36 EDTSTZConstellation Brands July volatility low into Q1 and outlook
Constellation Brands July call option implied volatility is at 22, August is at 21, October is at 22; compared to its 52-week range of 16 to 31, suggesting low price movement into the expected release of Q1 results on July 2.
June 17, 2015
17:33 EDTSTZConstellation Brands to employ over 2,500 Mexican workers in Nava brewery
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16:21 EDTAIGAres, Varagon establish joint venture for senior secured loans
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June 16, 2015
19:17 EDTSTZConstellation Brands investing $2B in Mexican operation, Reuters says
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17:49 EDTAIGStarr International to appeal AIG ruling, WSJ says
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16:22 EDTAIGStarr International to appeal court decision on AIG damages, CNBC says
10:01 EDTAIGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded to Hold from Buy at Deutsche Bank... Alumina (AWCMY) downgraded to Neutral from Outperform at Credit Suisse... Avalanche Biotechnologies (AAVL) downgraded on lack of catalysts at SunTrust... DealerTrack (TRAK) downgraded to Hold from Buy at Craig-Hallum... Greenbrier (GBX) downgraded to Hold from Buy at Stifel... Methode Electronics (MEI) downgraded to Neutral at Baird... Profire Energy (PFIE) downgraded to Hold from Buy at Maxim... Standard Pacific (SPF) downgraded to Neutral from Outperform at Credit Suisse... The Fresh Market (TFM) downgraded to Sell from Neutral at Northcoast... Twitter (TWTR) downgraded to Neutral at MKM Partners on stalled user growth... United Natural Foods (UNFI) downgraded to Hold from Buy at Argus... United Rentals (URI) downgraded to Underperform from Neutral at Macquarie.
08:51 EDTAIGCourt decision removes AIG overhang, says Bernstein
After a judge ruled that the government's bailout of AIG was illegal but awarded no damages, Bernstein says that AIG will most likely not have to pay any damages as a result of the lawsuit. The firm believes that the decision is a significant positive catalyst for the stock, It keeps a $65 price target and Outperform rating on the shares.
07:11 EDTAIGSurprise AIG ruling may make future bailouts unlikely, even if needed, NYT says
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06:39 EDTAIGAIG downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Joshua Shanker downgraded AIG to Hold citing valuation with the stock near his price target of $64. Yesterday's Starr court decision removes some overhangs, and the stock is "not without positive catalysts," Shanker tells investors in a research note. Nonetheless, the analyst thinks outperformance in the first half of 2015 has brought the stock around the levels where it will be trading at this time next year. Shares of AIG closed yesterday up 69c to $62.58.
June 15, 2015
12:09 EDTAIGGreenberg's Starr awarded no damages in suit versus AIG, Bloomberg reports
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11:43 EDTAIGGreenberg's Starr awarded no damages in suit versus AIG, Bloomberg reports
08:46 EDTSTZConstellation Brands appoints David Klein as CFO
Constellation Brands announced that EVP and CFO Bob Ryder is leaving the company after the completion of the company's first quarter 10-Q filing. David Klein has been promoted to Executive Vice President and CFO. Ryder's departure from the company is an amicable one and is unrelated to the company's financial performance or financial reporting. Ryder and Klein will work together to ensure a smooth transition.

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