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Stock Market & Financial Investment News

News Breaks
January 31, 2014
10:01 EDTAMRE, EGAS, HW, AAP, TKMROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AmREIT (AMRE) initiated with a Buy at SunTrust... Gas Natural (EGAS) initiated with a Hold at Wunderlich... Headwaters (HW) initiated with a Buy at Deutsche Bank... Advance Auto Parts (AAP) resumed with an Overweight at JPMorgan... Tekmira (TKMR) initiated with a Buy at Stifel.
News For AMRE;EGAS;HW;AAP;TKMR From The Last 14 Days
Check below for free stories on AMRE;EGAS;HW;AAP;TKMR the last two weeks.
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July 22, 2014
06:26 EDTEGASGas Natural upgraded to Buy from Hold at Wunderlich
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July 21, 2014
12:21 EDTTKMRTekmira provides update on TKM-Ebola Phase 1 clinical hold
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09:10 EDTEGASOn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
06:33 EDTEGASGas Natural rejects unsolicited offer by Algonquin Power
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July 18, 2014
16:43 EDTEGASGas Natural up 5% after reports Algonquin made multiple takeover offers
16:42 EDTEGASGas Natural has received three takeover bids from Algonquin Power, WSJ says
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16:04 EDTEGASGas Natural got offer valued at $13 per share from Algonquin in May, Dow says
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16:01 EDTEGASAlgonquin Power has made multiple takeover bids for Gas Natural, Dow says
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10:38 EDTAAPAutoZone, O'Reilly drop following Stifel downgrades
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July 16, 2014
16:16 EDTAMREAmREIT retains Jefferies LLC as financial advisor
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July 14, 2014
12:17 EDTHWHeadwaters acquires assets of LA Ash Products, Services
Headwaters announced acquisition of the assets of LA Ash Products and Services. The company said, "Combined with LA Ash, we expect incremental dry and hydrated CFB ash sales of more than 300K tons primarily in the Louisiana and Texas markets. The acquisition was paid for in cash and will be accretive to earnings in 2014."
July 11, 2014
09:26 EDTAMREAmREIT could see higher bid from Regency, others, says RW Baird
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July 10, 2014
16:25 EDTAMREOn The Fly: Closing Wrap
Stocks on Wall Street began the session deep in negative territory, as fears about the health of one of Portugalís largest banks, coupled with weak economic data out of Italy, prompted a sell-off in Europe, which spilled over to the U.S. The major averages moved generally higher after the open, though the early losses proved too much to overcome. The reignited fears about Europe's periphery come just as the U.S. corporate earnings season is set to pick up in earnest next week. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 11K to 304K in the week ended July 5. Wholesale inventories rose 0.5% in May, while sales edged up 0.7%, which were both a little below expectations. In Europe, concerns about the periphery rose again as the parent company of Portugal's Espirito Santo bank missed a debt payment, leading the country's interest rates higher and equities in the Eurozone lower. Also, Italy's industrial output saw its steepest monthly fall since late 2012, having dropped 1.2% in May. In China, trade performance improved in June but still missed market forecasts. Exports rose 7.2% in June from a year earlier, missing the consensus forecast for a rise of 10.6%, while imports grew 5.5% in the month, versus the 5.8% growth expectation. COMPANY NEWS: Shares of Verizon (VZ) advanced 74c, or 1.51%, to $49.64 to lead the handful of gainers on the Dow Jones Industrial Average. The rise came after Verizon CEO Lowell McAdam said in an interview on CNBC that his company added over 1.4M postpaid subscribers in Q2, with "record" tablet growth and "very strong" smartphone growth. Afterward, Wells Fargo said in a note to investors that the net adds were higher than the firm's recently increased estimate and above Street consensus... Conversely, Home Depot (HD) was the Dow's worst performer, falling $1.33, or 1.65%, to $79.40. After hardwood floors retailer Lumber Liquidators (LL) and farm products retailer Tractor Supply (TSCO) pre-announced weaker than expected Q2 results, Deutsche Bank analyst Mike Baker reduced his estimates for Home Depot and peer Lowe's (LOW), explaining that the comparative sales of those two large home improvement retailers have historically had a positive correlation with those of Tractor Supply and Lumber Liquidators. MAJOR MOVERS: Among the notable gainers was AmREIT (AMRE), which rose $3.25, or 16.93%, to $22.45 after Regency Centers (REG) offered to acquire the company for $22 per share, payable in cash and/or stock. Also higher was Cray (CRAY), which rallied $4.27, or 15.69%, to $31.49 after the company announced it has been awarded a $174M supercomputer deal from the National Nuclear Security Administration. Among the noteworthy losers was sandwich maker Potbelly (PBPB), which plunged $3.68, or 25.12%, to $10.97 after the company's second quarter and fiscal 2014 outlook fell significantly short of analysts' consensus estimates. Also lower was Sarepta Therapeutics (SRPT), which sunk $3.35, or 12.94%, to $22.54 after the company announced data through week 144 from its eteplirsen study in patients with Duchenne muscular dystrophy. INDEXES: The Dow dropped 70.54, or 0.42%, to 16,915.07, the Nasdaq fell 22.83, or 0.52%, to 4,396.20, and the S&P 500 declined 8.15, or 0.41%, to 1,964.68.
16:17 EDTAMREAmREIT confirms receipt of unsolicited proposal from Regency Centers
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15:59 EDTAMREJCP, Schechter call Regency offer for AmREIT 'deeply inadequate'
JCP Investment Management and Joshua Schechter, long-term shareholders in AmREIT (AMRE) with collective ownership of approximately 1.7%, announced that after review and consideration of the unsolicited proposal submitted today to the board of directors of AmREIT by Regency Centers(REG), in which Regency offers to acquire all of the outstanding shares of AmREIT for $22.00 per share in cash or stock, that JCP and Schechter have concluded that the Regency proposal is "deeply inadequate and significantly undervalues the company." JCP Investment and Schechter urge the board to immediately retain a nationally recognized investment bank and commence a process to explore and evaluate all strategic alternatives available, including a sale of the company with a goal of maximizing shareholder value.
11:49 EDTAMRERegency Centers offer for AmREIT positive, says Wells Fargo
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11:16 EDTAMREAmREIT downgraded to Hold from Buy at Wunderlich
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08:43 EDTAMRERegency Centers announces proposal to acquire AmREIT for $22 per share
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08:42 EDTAMRERegency Centers announces proposal to acquire AmREIT for $22 per share
July 9, 2014
19:03 EDTTKMRTekmira receives $1.5M milestone payment from Monsanto
Tekmira Pharmaceuticals (TKMR) announced that it has received a $1.5M milestone payment from Monsanto (MON) following completion of specified program developments. The development milestone is part of the research program under the option agreement Tekmira signed with the agriculture company, which was announced on January 13. The option agreement relates to Tekmira's proprietary delivery technology and intellectual property for use in agricultural applications. The potential value of the transaction could reach up to $86.2M, following the successful completion of all program milestones.
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