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Stock Market & Financial Investment News

News Breaks
November 19, 2012
10:41 EDTLRN, CPHD, MTL, DRYS, AKS, VFC, LH, DMND, PNNTOn The Fly: Analyst Downgrade Summary
Today’s notable downgrades include: AK Steel (AKS) downgraded to Neutral from Buy at Longbow...Cepheid (CPHD) downgraded to Neutral from Buy at Goldman...Diamond Foods (DMND) downgraded to Underperform from Hold at Jefferies...DryShips (DRYS) downgraded to Market Perform from Outperform at Wells Fargo...K12 (LRN) downgraded to Market Perform from Outperform at Wells Fargo...LabCorp (LH) downgraded to Sell from Neutral at Goldman...Mechel (MTL) downgraded to Equal Weight from Overweight at Morgan Stanley...PennantPark (PNNT) downgraded to Neutral from Outperform at RW Baird...VF Corp. (VFC) downgraded to Neutral from Buy at DA Davidson.
News For AKS;CPHD;DMND;DRYS;LRN;LH;MTL;PNNT;VFC From The Last 14 Days
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June 29, 2015
08:48 EDTMTLMechel supplies steel for construction of Power of Siberia, Altai gas pipelines
Mechel OAO reports supplying rebar, structural shapes and hardware rolls for construction of Power of Siberia and Altai gas pipelines. Mechel's products are used to produce ferroconcrete weights manufactured by Berezovsky Structural Construction Plant for laying major mainline pipelines of national importance — Power of Siberia and Altai. The ferroconcrete weights are installed on pipes up to 1,420mm in diameter and are used to balance oil and gas pipelines when crossing over swamps, rivers and other water barriers, not allowing the pipes to float up to the surface. Most of the steel products supplied were produced at Chelyabinsk Metallurgical Plant.
June 26, 2015
10:00 EDTCPHDOn The Fly: Analyst Upgrade Summary
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08:05 EDTCPHDCepheid upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum upgraded Cepheid to Buy and raised its price target to $75 from $52. The firm said Cepheid is rapidly expanding its clinical offering and customer reach and is emerging as the leading platform for molecular diagnostics.
June 24, 2015
16:18 EDTVFCVF Corp. appoints Steven E. Rendle as COO
VF Corporation has appointed Steven E. Rendle as President & COO and elected him to VF’s board.
June 23, 2015
07:25 EDTLHPiper Jaffray to hold a summit
2015 Piper Jaffray Heartland Summit is being held in Minneapolis on June 23-24.
05:39 EDTMTLMechel reports Q1 steel production up 7% to 1.1M tonnes
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June 22, 2015
12:33 EDTAKSSteel stocks lag market after AK Steel sees Q2 results hindered by imports
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June 19, 2015
17:33 EDTAKSAK Steel sees Q2 EPS (42c)-(37c), consensus (27c)
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June 18, 2015
12:07 EDTLHLabCorp management to meet with Craig Hallum
Meetings to be held in Minneapolis/New York June 22-23 hosted by Craig Hallum.
June 16, 2015
10:01 EDTLHOn The Fly: Analyst Initiation Summary
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06:17 EDTLHLabCorp initiated with an Overweight at KeyBanc
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June 15, 2015
17:16 EDTPNNTHC2 Holdings urges MCG Capital to declare HC2 offer superior to PennantPark
HC2 Holdings (HCHC) announced that it has sent a letter to MCG Capital Corporation (MCGC) addressing the statements made by MCG in its most recent investor presentation and has presented revised terms that should validate that the HC2 transaction is superior to the PennantPark (PNNT) transaction. "We feel compelled to address certain statements MCG made in its most recent investor presentation, so that there can be no doubt that the HC2 transaction is superior to the PennantPark transaction and does not expose MCG stockholders to unnecessary risks to realize that value... Finally, MCG has made its concerns public about my prior SEC settlement but has not come to me or my lawyers to understand and discuss them. We are prepared to be fully transparent and remain available to address any of your concerns when you are ready to discuss... Notwithstanding our disagreement with the statements you have made about the risk of our ability to consummate an acquisition of MCG, we are hereby again modifying and augmenting our Proposal to further compensate MCG in the event a deal with HC2 is not consummated because HC2 cannot complete its registration statement or HC2 is permanently enjoined from acquiring MCG as a result of the provisions of my SEC settlement or issues arising under the Investment Advisors Act of 1940. If such situations were to occur HC2 will, in addition to reimbursing MCG in cash for the $7M termination fee payable to PennantPark, issue $13.35M of HC2 common stock to MCG. This amount is equal to the "loss" you indicate MCG stockholders will incur if a transaction with HC2 does not close and MCG liquidates."
16:38 EDTAKSAK Steel announces price increase for carbon steel products
AK Steel announced that it will increase current spot market base prices for all carbon flat-rolled steel products by a minimum of $20 per ton, effective immediately with new orders.
10:06 EDTMTLHigh option volume stocks
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