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Stock Market & Financial Investment News

News Breaks
January 18, 2013
10:04 EDTEL, N, CSX, ODFL, WABC, MGM, BLL, XXIA, KOG, V, COF, ALTE, NTCTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Alterra Capital (ALTE) downgraded to Neutral from Buy at Sterne Agee... Ball Corp. (BLL) downgraded to Hold from Buy at Jefferies... CSX (CSX) downgraded to Neutral from Outperform at Credit Suisse... Capital One (COF) downgraded to Neutral from Buy at Janney Capital... MGM Resorts (MGM) downgraded to Market Perform from Outperform at Wells Fargo... NetSuite (N) downgraded to Neutral from Conviction Buy at Goldman... Visa (V) downgraded to Neutral from Outperform at RW Baird... Westamerica (WABC) downgraded to Underperform from Market Perform at BMO Capital... Estee Lauder (EL) downgraded to Outperform from Buy at CLSA... Kodiak Oil & Gas (KOG) downgraded to Neutral from Outperform at Credit Suisse... Old Dominion (ODFL) downgraded to Hold from Buy at Stifel Nicolaus... NetScout (NTCT) downgraded to Hold from Buy at Noble Financial... Ixia (XXIA) downgraded to Neutral from Buy at Lazard Capital.
News For ALTE;BLL;CSX;COF;MGM;N;V;WABC;EL;KOG;ODFL;NTCT;XXIA From The Last 14 Days
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May 14, 2015
10:20 EDTCSXCSX sees Q2 EPS growth flat to slightly up vs. last year, consensus 55c
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10:19 EDTCSXCSX CFO says Q2 volume tracking 'slightly below' expected levels
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10:19 EDTCSXCSX continues to see EPS growth in mid to high single digit range
CSX CFO Fredrik Eliasson discussed the company's performance and second quarter volume and earnings projections at the Bank of America Merrill Lynch 2015 Transportation Conference in Boston. Eliasson highlighted CSX's financial performance over the past decade, during which the company delivered a compound annual growth rate in EPS of 20% despite the loss of nearly $900M in coal revenue over the last few years. Eliasson outlined the company's view of second quarter volume, which is tracking slightly below expected levels due to very strong comparisons to last year. However, thanks to improving service levels and asset utilization, the company still expects second quarter EPS growth that is flat to slightly up compared to last year.For the full year, CSX continues to expect EPS growth in the mid-to-high single digit range, as well as meaningful margin expansion as the company makes progress toward a mid-60s operating ratio. Earnings growth this year will be driven predominantly by accelerating pricing performance and productivity gains approaching $200M as the company cycles strong volume comparisons and additional headwinds coal.
09:19 EDTCSXKansas City Southern drops after withdrawing 2015 revenue, volume guidance
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08:04 EDTNTCTDanaher commences split-off exchange offer for Communications business
Danaher (DHR) announced that it has commenced an exchange offer related to the split-off of its Communications business. The split-off transaction is in connection with the previously announced combination of Danaher's Communications business with NetScout (NTCT). The exchange offer is designed to permit Danaher stockholders to exchange all or a portion of their shares of Danaher common stock for common units of Potomac Holding at a discount of 7% to the per-share value of NetScout common stock, subject to an upper limit of 2.2522 Potomac Holding LLC common units for each share of Danaher common stock tendered in the exchange offer.
May 13, 2015
17:12 EDTCSXCSX says no impact from Amtrak trail derailment
CSX said in an emailed statement, "CSXs mainline is not in the vicinity of the incident, and at this time we are not experiencing any significant delays in our operations through the Philadelphia area. We will work with customers to continue meeting their needs as first responders and investigators complete their important work."
16:06 EDTCSXOptions Update; May 13, 2015
iPath S&P 500 VIX Short-Term Futures down 38c to 20.67. Option volume leaders: AAPL CSCO NTI FB CSX BABA EIX BAC DD WMB TSLA JCP QCOM DAL
10:46 EDTCSXRail estimates lowered at Wolfe Research
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10:40 EDTMGMMGM Resorts says ISS recommends shareholders vote for all company nominees
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10:26 EDTMGMISS endorses all of MGM nominees in proxy fight, CNBC's Faber reports
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07:21 EDTNCredit Suisse to hold a conference
4th Annual Disruptive Technology Conference is being held in San Francisco on May 13-14 with webcasted company presentations to begin on May 13 at 10:35 am; not all company presentations may be webcasted. Webcast Link
07:13 EDTCSXBofA/Merrill to hold a conference
2015 Transportation Conference is being held in Boston on May 13-14.
May 12, 2015
07:50 EDTMGMWells Fargo to hold a conference
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May 11, 2015
10:47 EDTNTCTNetScout management to meet with Sterne Agee CRT
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07:22 EDTVVisa acquisiiton of Visa Europe would be positive, says RBC Capital
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May 8, 2015
16:34 EDTVOn The Fly: Top stock stories for Friday
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14:53 EDTVVisa in early talks to acquire Visa Europe for as much as $20B, Bloomberg says
Visa is in early talks to purchase Visa Europe in a deal that could be valued at $20B, Bloomberg reports, citing people with knowledge of the situation. The price of the deal is being discussed in the $15B-$20B range and both companies are working with advisers, Bloomberg added. Reference Link
14:47 EDTVVisa moves to highs of session, up nearly 5%
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14:41 EDTVVisa reportedly in talks to buy Visa Europe, Bloomberg says
Visa Europe said to be valued at approximately $15B-$20B, Bloomberg added.
13:49 EDTCSXCSX CFO discloses sale of 30,000 shares
CSX CFO Fredrik Eliasson disclosed today the sale of 30,000 shares at a price of $35.48 on May 6. Eliasson still owns 95,543 shares of CSX, according to the filing.
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