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Stock Market & Financial Investment News

News Breaks
May 12, 2014
10:02 EDTSSYS, STO, SBMRY, RL, QCOR, OMC, NTAP, LFL, KIM, GXP, FLEX, DE, CBEY, CG, BCS, APO, AMRN, AMCXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded to Market Perform from Outperform at Bernstein... Amarin (AMRN) downgraded to Neutral from Buy at Citigroup... Apollo Global (APO) downgraded to Neutral from Buy at Goldman... Barclays (BCS) downgraded at RBC Capital... Carlyle Group (CG) downgraded to Neutral from Buy at Goldman... Cbeyond (CBEY) downgraded to Outperform from Strong Buy at Raymond James... Deere (DE) downgraded to Underperform from Neutral at Longbow... Flextronics (FLEX) downgraded to Hold from Buy at Stifel... Great Plains Energy (GXP) downgraded to Neutral from Buy at Ladenburg... Kimco Realty (KIM) downgraded to Market Perform from Outperform at Raymond James... LATAM Airlines (LFL) downgraded to Neutral from Buy at UBS... NetApp (NTAP) downgraded to Market Perform from Outperform at Raymond James... Omnicom (OMC) downgraded to Neutral from Conviction Buy at Goldman... Questcor (QCOR) downgraded to Neutral from Overweight at Piper Jaffray... Ralph Lauren (RL) downgraded to Neutral from Outperform at Credit Suisse... SABMiller (SBMRY) downgraded to Neutral from Outperform at Macquarie... Statoil (STO) downgraded to Neutral from Buy at BofA/Merrill... Stratasys (SSYS) downgraded to Hold from Buy at Craig-Hallum.
News For AMCX;AMRN;APO;BCS;CG;CBEY;DE;FLEX;GXP;KIM;LFL;NTAP;OMC;QCOR;RL;SBMRY;STO;SSYS From The Last 14 Days
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October 15, 2014
09:20 EDTSTOOn The Fly: Pre-market Movers
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08:01 EDTSBMRYSABMiller downgraded to Underperform from Sector Perform at RBC Capital
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07:32 EDTSSYSUBM Canon to hold a conference
PLASTEC Midwest Conference is being held in Chicago on October 15-16.
07:27 EDTBCSJPMorgan, HSBC fire traders linked to forex probe, WSJ reports
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06:22 EDTSTOStatoil names Eldar Saetre as acting president and CEO
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06:21 EDTSTOBG Group names Statoil's Helge Lund as CEO, effective March 2, 2015
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06:12 EDTRLNike's Converse sues rivals over 'copycat' design, NY Post reports
Converse, a unit of Nike (NKE), is suing rivals including Ralph Lauren (RL) and Tory Burch, alleging that shoemakers and retailers are copying its iconic design, the New York Post reports. Lawyers for Converse say "We welcome fair competition, but we do not believe companies have a right to copy the trademarked look." The lawsuit seeks unspecified damages and injunctions that would bar the production of the rival shoe models. Reference Link
05:39 EDTOMCBell Media signs content deal with United Artists, Highway Entertainment
Bell Media, part of BCE (BCE), announced from MIPCOM a multi-faceted partnership with United Artists Media Group, a newly formed joint venture among MGM (MGM), Mark Burnett, Roma Downey, and Hearst Entertainment, and Omnicom Canada's (OMC) Highway Entertainment to create new television formats for Canadian and international audiences. As a result of the partnership, pilots for several new formats are currently in development and pre-production at Bell Media, parent company of conventional broadcaster CTV. Terms of the deal were not released.
05:31 EDTSTOStatoil CEO Lund to resign, appoints Eldar Sætre as acting CEO
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October 14, 2014
11:22 EDTFLEXFlextronics initiated with a Buy at Standpoint Research
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09:04 EDTSTOStatoil, Exxon Mobil announce additional discovery offshore Tanzania
Statoil (STO) and co-venturer Exxon Mobil (XOM) announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21 tcf in block 2. The Giligiliani-1 discovery is the venture’s seventh discovery in block 2. Statoil operates the licence on block 2 on behalf of Tanzania Petroleum Development Corporation and has a 65% working interest. ExxonMobil Exploration and Production Tanzania Limited holds the remaining 35%.
06:45 EDTBCSData says UK banks paid less than 40% to cover mis-selling, Reuters says
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06:29 EDTKIMKimco Realty upgraded to Neutral from Sell at UBS
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06:21 EDTSBMRYSABMiller reports Q2 group NPR increased 3%
Reports Q2 group net producer revenue per hectoliter grew by 4% in Q2. Reports total beverage volumes grew by 1% for the first six months on an organic basis, driven by "strong" performance across both lager and soft drinks in Latin America and Africa. SABMiller CEO Alan Clark said, "We achieved resilient net producer revenue growth in the first half, powered by our Africa and Latin America businesses. Our total beverage volume growth was impacted by weaker lager volume performance in Q2, balanced by strong growth in soft drinks. Financial performance has been affected by ongoing foreign currency movements as well as weaker Q2 trading conditions in China and Australia.” Reference Link
October 13, 2014
17:25 EDTAMCXAMC's 'The Walking Dead' premiere draws 17.3M viewers, WSJ says
AMC Networks' “The Walking Dead” recorded 17.3M viewers Sunday night, setting a ratings record for the show, says the Wall Street Journal. Last seasons premiere had 16.1M viewers, added the Wall Street Journal. Reference Link
07:26 EDTSBMRYAB InBev has studied potential deal to acquire PepsiCo, Bloomberg says
Anheuser-Busch InBev (BUD), which has a history of growth via acquisition and has been speculated to be targeting peer SABMiller (SBMRY), has also studied whether a merger with PepsiCo (PEP) makes sense, according to Bloomberg, citing people familiar with the matter. The report added that one source said no talks between Anheuser-Busch and Pepsi are ongoing, no deal is imminent, and the scenario is among many that has been examined. The report also noted that Albert Fried views Monster Beverage (MNST) and Keurig Green Mountain (GMCR) as other suitable targets for AB InBev. Reference Link
07:08 EDTDEDeere reports September U.S./Canada utility tractor sales up more than 28%
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05:32 EDTAPOApollo Credit launches retail sector investment JV
Funds managed by affiliates of Apollo Global Management announce the launch of Alteri Investors, a new joint venture focused on financing opportunities arising across performing, stressed and distressed retail sector situations in Europe. Structured as a partnership between funds managed under Apollo’s credit business and a team led by former GA Europe CEO Gavin George, Alteri will initially focus on the United Kingdom and Germany and expects to invest in retailers through both debt and equity transactions, typically in the GBP 10M-GPB 50M range, with additional capacity for larger transactions. Alteri will also seek to lend to retailers directly, providing flexible asset-based financing, either in a senior or second-lien capacity. In addition to the scale, resources and capital funding that Apollo Credit expects to contribute to Alteri, the Joint Venture will draw upon the experience of Alteri Advisors, which comprises a team of highly experienced professionals, drawn in part from the former GA Europe business under the leadership of Gavin George.
05:18 EDTSTOStatoil sells 15.5% share in Shah Deniz to PETRONAS for $2.2B
Statoil has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company, or SCPC, 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company, or AGSC, to the Malaysian oil and gas company PETRONAS. The transaction value is $2.25B. Statoil's Q2 production from the Shah Deniz field was 38,000 barrels of oil equivalent per day. The effective date is January 1. The transaction is expected to be closed early 2015, subject to approval from the relevant authorities.
05:16 EDTSTOStatoil sells 15.5% share in Shah Deniz to PETRONAS for $2.2B
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