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Stock Market & Financial Investment News

News Breaks
April 2, 2014
10:00 EDTTXT, SFUN, AMCC, STR, SWX, NRG, GM, ALKS, NFG, MINI, F, NYLD, MVG, EJ, NIOn The Fly: Analyst Initiation Summary
Alkermes (ALKS) initiated with an Outperform at Credit Suisse... E-House (EJ) initiated with a Buy at Brean Capital... Ford (F) initiated with a Neutral at Nomura... General Motors (GM) initiated with a Reduce at Nomura... MAG Silver (MVG) initiated with an Outperform at Scotia Capital... Mobile Mini (MINI) initiated with a Neutral at SunTrust... NRG Energy (NRG) reinstated with an Overweight at Barclays... NRG Yield (NYLD) reinstated with an Equalweight at Barclays... National Fuel (NFG) initiated with a Buy at Jefferies... NiSource (NI) initiated with a Hold at Jefferies... Questar (STR) initiated with a Hold at Jefferies... SouFun (SFUN) initiated with a Buy at Brean Capital Southwest Gas (SWX) initiated with a Hold at Jefferies... Applied Micro Circuits (AMCC) initiated with an Overweight at Evercore... Textron (TXT) resumed with an Overweight at JPMorgan.
News For ALKS;EJ;F;GM;MVG;MINI;NRG;NYLD;NFG;NI;STR;SFUN;SWX;AMCC;TXT From The Last 14 Days
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February 24, 2015
08:54 EDTALKSAlkermes 7106 halt overshadows Q4 beat, says Credit Suisse
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07:25 EDTMINIRW Baird to hold a conference
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07:06 EDTALKSAlkermes sees FY15 adjusted EPS 27c-40c, consensus 20c
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07:03 EDTALKSAlkermes reports Q4 EPS 11c, consensus 4c
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07:01 EDTALKSAlkermes announces phase 1 results for ALKS 7106, will not proceed to phase 2
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05:09 EDTFFord launches training program at Kansas City plant to support F-150 production
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February 23, 2015
10:40 EDTGMGM ignition-switch deaths increase to 57, WSJ says
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06:51 EDTTXTAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.
06:24 EDTGMGeneral Motors to legally challenge worker strike in Brazil, WSJ reports
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February 22, 2015
14:20 EDTGMUAW chief says GM buyback proposal too much, premature, Reuters says
Dennis Williams, the president of the UAW, said that an investor group’s proposal that GM buy back $8B of its stock is premature, and the amount too high for the company’s long-term health, says Reuters. The UAW indirectly controls the largest single block of General Motors shares, added Reuters. Reference Link
February 20, 2015
08:11 EDTGMAlly CEO exploring subprime lending, sees loss of GM business, Detroit News says
Ally (ALLY) CEO Jeffrey Brown stated in a Thursday interview with The Detroit News that the company may return to offering credit cards and home mortgages, and currently plans to expand auto lending to subprime customers. The CEO said he expects to decide within 30-60 days whether Ally will consolidate its five locations to a single headquarters in the Detroit suburbs. Brown added that he expects GM (GM) to shift its $4.1B subsidized leasing program for Chevrolet from Ally to GM Financial, which the Ally CEO wants to offset by increasing subprime lending from 9% of total lending to 12%-15%. Reference Link
07:04 EDTGMAlly CEO assuming company will lose all of GM's leasing business, Reuters says
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06:41 EDTGMApple pushing for 2020 production of its electric car, Bloomberg says
Apple (AAPL) is pushing to begin production of its electric vehicle as soon as 2020, reports Bloomberg, citing people with knowledge of the matter. Bloomberg notes that the move could put Apple into direct competition with Tesla (TSLA) and General Motors (GM), both of which are targeting a 2017 release for next-generation electric vehicles. Apple may still cancel the project if it becomes unhappy with progress, the sources said, though its vehicle team is already 200-people strong. Reference Link
06:06 EDTGMGeneral Motors names Craig Glidden as new general counsel
General Motors (GM) announced yesterday that Craig B. Glidden has been appointed executive VP and general counsel, effective March 1. Glidden will lead a team of staff attorneys who are integrated into all of GM’s regional and functional teams in more than 30 countries. Glidden succeeds Michael Millikin, who is retiring in July after a nearly four-decade legal career, including five years as GM’s general counsel. Before joining GM, Glidden was executive VP and chief legal officer for LyondellBasell Industries (LYB).
February 18, 2015
18:54 EDTSTRQuestar announces executive promotions
Questar announced executive promotions in two of its subsidiaries and its corporate group. Effective immediately, Thomas C. Jepperson will assume new duties as COO of Questar. Jepperson has served in many positions in his 26 years with Questar, including general counsel and corporate secretary, and has held leadership positions in the areas of compliance, environmental health and safety, and human relations. Effective June 1, Brady B. Rasmussen will assume the duties of executive VP and COO of Wexpro, Questar’s natural gas development and production arm. Rasmussen will replace James R. Livsey, who has announced his intention to retire. Rasmussen has been with the company for 20 years in various positions. Rasmussen will report to Jepperson. Effective March 1, Colleen Larkin Bell, currently vice president and assistant general counsel, has been promoted to vice president and general counsel of Questar. Bell will report directly to Questar chairman, president and CEO Ron Jibson. Questar promoted Vaughn Shosted to vice president, operations, Questar Gas Company.
17:28 EDTSTRQuestar sees FY15 EPS $1.20-$1.30, consensus $1.33
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17:27 EDTSTRQuestar reports Q4 EPS 35c, consensus 38c
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14:03 EDTSTRQuestar corrects record date for increased 21c dividend
As previously reported, Questar's board approved an 11% increase in the quarterly common stock cash dividend to 21c. The dividend is a 2c increase from the previous quarter and results in a new annualized dividend rate of 84c per share. Questar also announced earlier that it raised its target dividend payout ratio to 65% from 60%. The company issued a correction to note that the dividend is payable March 16, to shareholders of record on March 2.
06:38 EDTNINiSource reports Q4 EPS 51c, consensus 52c
Reports Q4 revenue $1.13B, consensus $1.65B.
06:38 EDTGM, FCar sales rose in Europe last month, NY Times says
European car sales increased 6.7% in January, versus the same period a year earlier, data from the European Automobile Manufacturers’ Association indicates, according to The New York Times. January was the 17th straight month that European car sales have increased, but they remain well below the levels they reached before the financial crisis, the newspaper stated. Publicly traded companies in the space include Fiat Chrysler (FCAU), Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
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