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Stock Market & Financial Investment News

News Breaks
April 21, 2014
10:01 EDTATHN, NAT, PLXS, SB, SRPT, TWC, UMC, WTS, ZMH, MS, HUBG, HOMB, HNI, ACI, AVIV, BIG, BWP, BXP, CMG, DYN, AIVOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aimco (AIV) upgraded to Equalweight from Underweight at Barclays... Arch Coal (ACI) upgraded to Neutral from Sell at Goldman... Aviv REIT (AVIV) upgraded to Buy from Neutral at Goldman... Big Lots (BIG) upgraded to Overweight from Neutral at Piper Jaffray... Boardwalk Pipeline (BWP) upgraded to Outperform from Sector Perform at RBC Capital... Boston Properties (BXP) upgraded to Outperform from Market Perform at Cowen... Chipotle (CMG) upgraded to Overweight from Neutral at JPMorgan... Dynegy (DYN) upgraded to Buy from Neutral at UBS... HNI Corporation (HNI) upgraded to Outperform from Market Perform at Raymond James... Home Bancshares (HOMB) upgraded to Outperform from Market Perform at Raymond James... Hub Group (HUBG) upgraded to Buy from Neutral at Longbow... Morgan Stanley (MS) upgraded to Buy from Neutral at Nomura... Nordic American Tanker (NAT) upgraded to Hold from Underperform at Jefferies... Plexus (PLXS) upgraded at Needham... Safe Bulkers (SB) upgraded to Buy from Hold at Jefferies... Sarepta (SRPT) upgraded to Outperform from Market Perform at William Blair... Time Warner Cable (TWC) upgraded to Buy from Hold at Brean Capital... United Microelectronics (UMC) upgraded to Neutral from Sell at Goldman...Watts Water (WTS) upgraded at Oppenheimer... Zimmer (ZMH) upgraded to Buy from Hold at Cantor... athenahealth (ATHN) upgraded to Hold from Underperform at Jefferies.
News For AIV;ACI;AVIV;BIG;BWP;BXP;CMG;DYN;HNI;HOMB;HUBG;MS;NAT;PLXS;SB;SRPT;TWC;UMC;WTS;ZMH;ATHN From The Last 14 Days
Check below for free stories on AIV;ACI;AVIV;BIG;BWP;BXP;CMG;DYN;HNI;HOMB;HUBG;MS;NAT;PLXS;SB;SRPT;TWC;UMC;WTS;ZMH;ATHN the last two weeks.
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September 10, 2014
06:35 EDTMSFed may raise capital requirement for some banks to 11.5%, NY Times reports
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06:04 EDTTWCTime Warner Cable initiated with a Buy at Canaccord
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05:44 EDTHUBGHub Group initiated with an Equal Weight at Barclays
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September 9, 2014
16:44 EDTHUBGHub Group sees intermodal volume flat or down slightly for remainder of year
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16:39 EDTHUBGHub estimates that settlement amount for drivers case is approximately $9.5M
Hub Group disclosed in a regulatory filing that "as previously reported in a Form 10-K and 10-Q, a complaint was filed in the U.S. District Court for the Eastern District of California by Salvador Robles against our subsidiary, Comtrak Logistics, now known as Hub Group Trucking. The complaint seeks class certification on behalf of a class comprised of present and former California-based truck drivers for Hub Group Trucking who were classified as independent contractors, from January 2009 to the present. The complaint alleges Hub Group Trucking has misclassified such truck drivers as independent contractors and that such drivers were employees. A second complaint alleging substantially similar claims was filed in the Superior Court of the State of California for the County of San Bernardino on July 24, but the company has not been served with a copy of that complaint. The company believes that the independent contractor truck drivers were properly classified as independent contractors at all times. Nevertheless, because lawsuits are expensive, time-consuming and could interrupt our business operations, we have decided to make settlement offers to individual drivers with respect to the claims alleged in the lawsuits, without admitting liability. The company estimates that the total settlement amount, if all drivers accept the offers, is approximately $9.5M. To date, a substantial number of the independent contractors have decided to accept the settlement offer. We are also changing our business model in California from independent contractor truck drivers to employee drivers. In the Los Angeles and Stockton markets, the cost of the employee driver model will initially be higher than the independent contractor model and will fluctuate depending on the cost of various factors, including claims, repairs and fuel. We estimate that the impact of the change in the model for the remainder of the year would be between two and four cents per share. In addition, we expect a total of approximately $1M (or about two cents per share) of one time costs in the last half of 2014 for legal, travel and communication costs related to the settlements and model change implementation."
10:35 EDTCMGGundlach says Chipotle shares 'horribly' overvalued
DoubleLine Capital's Jeff Gundlach is speaking on CNBC.
07:44 EDTTWCComcast price target raised to $72 from $60 at UBS
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07:28 EDTMSThe Money Event, Inc to hold a conference
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07:17 EDTTWCThe Wireless Association to hold a conference
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06:34 EDTZMHZimmer price target raised to $148 from $119 at Piper Jaffray
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06:33 EDTMSFed looks set to pressure large banks to shrink, NY Times says
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05:32 EDTUMCUnited Microelectronics reports August sales up 3.79% to NT$11.41B
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September 8, 2014
07:47 EDTDYNDynegy price target raised to $36 from $33 at UBS
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07:24 EDTMSBarclays to hold a conference
Global Financial Services Conference to be held in New York on September 8-10.
06:59 EDTTWCTWC workers to split $416M if Comcast deal falls through, Reuters says
In order to keep employees from leaving while federal regulators mull the final agreement, Time Warner Cable (TWC) workers will split $416M if the company's merger deal with Comcast (CMCSA) does not transpire, according to Reuters, citing a proxy statement. Reference Link
06:20 EDTTWCDiscovery: Comcast-TWC merger gives unfair advantage, NY Post reports
Discovery (DISCA) said Comcast's (CMCSA) takeover of Time Warner Cable (TWC) could give the combined company an unfair advantage over programmers, reports the New York Post. Discovery said the the company would have an advantage in carriage negotiations and in the advertising realms by refusing to share set-top-box data with programmers. Reference Link
September 5, 2014
10:50 EDTBIGOptions with decreasing implied volatility
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10:05 EDTMSOn The Fly: Analyst Downgrade Summary
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07:48 EDTMSMorgan Stanley downgraded to Neutral from Outperform at Macquarie
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07:41 EDTNATNordic American Offshore announces two new contracts through 2015
Nordic American Offshore (NAO) has entered into two new contracts with a major oil-company in the UK for one year with a one year option. This will secure employment for two of our vessels up to the end of 2015. NAO has been in operation since end of 2013. It has turned out to be a solid investment for its shareholders, including Nordic American Tankers Limited (NAT) holding 17.1%. NAT has a realized and unrealized profit of about $20M on its investment in NAO.
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