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Stock Market & Financial Investment News

News Breaks
December 10, 2012
10:09 EDTNBL, ATHN, UPL, QRE, CMTL, APC, FRX, CNQR, TRIP, MDU, CME, ANF, ELX, WBS, SWFT, ISLE, CSLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abercrombie & Fitch (ANF) upgraded to Outperform from Neutral at RW Baird... Anadarko (APC) upgraded to Outperform from Neutral at RW Baird... Carlisle (CSL) upgraded to Buy from Hold at KeyBanc... CME Group (CME) downgraded to Sell from Neutral at Goldman... Comtech (CMTL) upgraded to Overweight from Neutral at JPMorgan... Isle of Capri (ISLE) upgraded to Neutral from Underperform at Credit Suisse... MDU Resources (MDU) upgraded to Buy from Neutral at Citigroup... QR Energy (QRE) upgraded to Outperform from Neutral at Credit Suisse... Robert Half (RHI) upgraded to Buy from Hold at Deutsche Bank... Swift Transportation (SWFT) upgraded to Buy from Hold at Dahlman Rose... TripAdvisor (TRIP) upgraded to Buy from Hold at Deutsche Bank... Ultra Petroleum (UPL) upgraded to Neutral from Underperform at Sterne Agee... Webster Financial (WBS) upgraded to Buy from Hold at Deutsche Bank... Concur (CNQR) upgraded to Buy from Hold at Wunderlich... athenahealth (ATHN) upgraded to Neutral from Underperform at Sterne Agee... Emulex (ELX) upgraded to Overweight from Equal Weight at Stephens... Forest Labs (FRX) upgraded to Outperform from Neutral at Cowen... Noble Energy (NBL) upgraded to Buy from Accumulate at Global Hunter.
News For ANF;APC;CSL;CME;CMTL;ISLE;MDU;QRE;SWFT;TRIP;UPL;WBS;CNQR;ATHN;ELX;FRX;NBL From The Last 14 Days
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January 21, 2015
11:23 EDTANFSnow Capital reports 5.1% passive stake in Abercrombie & Fitch
09:43 EDTCMEISS recommends GFI shareholders vote against merger with CME Group
BGC Partners (BGCP) announced that Institutional Shareholder Services has recommended that shareholders of GFI Group Inc. (GFIG) vote AGAINST the merger agreement with CME Group (CME) at the special meeting of GFI shareholders scheduled for January 27, 2015. Howard Lutnick, Chairman and CEO of BGC, said: "We are pleased that, after thorough and independent analysis, ISS recognizes the economic inferiority and conflicted nature of the proposed CME-GFI management $5.85 stock and cash transaction, as well as the economic superiority of BGC's $6.10 all-cash offer. We also note that ISS recommends that GFI shareholders tender their shares to BGC as long as the CME-GFI management bid remains below our offer price. We remain fully committed to completing this transaction and urge shareholders to protect the value of their investment in GFI by voting against all of the proposals related to the CME transaction at the special meeting of GFI shareholders. We also remind GFI shareholders to tender their shares into our clearly superior offer in order to receive the higher value to which they are entitled." In its analysis, ISS noted the following regarding the proposed CME transaction: "As the proposed transaction is economically inferior to the unsolicited all-cash competing offer, yet it is not at all clear that unaffiliated shareholders incur any greater downside risk in holding out for the economically superior offer from this ongoing bidding war, shareholders should vote AGAINST the proposed transaction on its current terms….and, if that offer does not improve to at least parity with the BGC bid, tender into the BGC offer instead..."
08:27 EDTCSLCarlisle pullback yesterday a buying opportunity, says FBR Capital
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January 20, 2015
13:51 EDTTRIPOrbitz draws private equity interest as sale explored, Bloomberg says
Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and "other Internet companies," according to Bloomberg, citing people with knowledge of the matter. Shares of Orbitz are up over 10% after the report, while several other names in the online travel space, such as Priceline (PCLN), Expedia (EXPE), and TripAdvisor (TRIP) are also moving. Reference Link
13:43 EDTTRIPExpedia, TripAdvisor tick higher after report on Orbitz sale exploration
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08:39 EDTCMECME raises GFI Group offer to $5.85 per share
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08:37 EDTCMECME raises GFI Group offer to $5.85 per share
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07:43 EDTNBLNoble Energy reports no commercial hydrocarbons in Madison exploration well
Noble Energy announced that the Madison exploration well in the Gulf of Mexico reached the targeted Upper and Middle Miocene objectives and did not encounter commercial hydrocarbons. Drilled to a total depth of 16,859 feet on Mississippi Canyon 479, the well has been plugged and abandoned and the drilling rig has been released. Noble Energy operated the well with a 60% working interest and Stone Energy Offshore, had the remaining 40%.
07:29 EDTAPCAnadarko upgraded to Buy from Accumulate at KLR Group
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06:09 EDTCMECME Group upgraded to Buy from Neutral at Citigroup
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January 19, 2015
17:14 EDTCSLCarlisle sees 2014 EBIT margin flat due to 'unexpected circumstances'
Carlisle Companies announced that, while preliminary unaudited results indicate that the company will be reporting record net sales and net earnings for 2014, certain unexpected circumstances at Carlisle Construction Materials and Carlisle Brake & Friction will negatively impact Q4 results. Carlisle said CCM experienced lower sales volume growth in November and December due in part to the early onset of winter conditions in much of the United States, compounded by lower than anticipated demand and the negative impact of foreign currency fluctuations from the stronger U.S. dollar on its sales into Europe. As a result, net sales growth for the CCM segment will be in the mid-single digit percent range in Q4 compared to 16% net sales growth in the prior quarter. For the full year 2014, net sales growth at CCM is estimated to be in the high-single digit percent range. In addition to lower than expected Q4 net sales growth, CCM’s EBIT was negatively impacted by higher costs for plant startups, product line closings, and higher operating costs, the company said. Also in Q4, net sales at CBF will decline modestly versus the prior year quarter due to the "recent well publicized decline in demand in the agriculture markets, the continued malaise in the mining markets, and the negative impact of foreign currency fluctuations from the stronger U.S. dollar." CBF incurred restructuring and severance costs during Q4 in its continued efforts to better align its cost structure with current levels of customer demand. As a result of lower than anticipated performance by CCM and CBF, Carlisle’s overall EBIT margin for 2014 is expected to be level with the prior year. Carlisle’s total net sales growth for 2014 is estimated to be in the high single digit percent range, including sales from the acquisition of LHi Technologies.
January 18, 2015
18:11 EDTAPCAnadarko faces pollution penalty in Deepwater Horizon disaster, WSJ says
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January 16, 2015
10:01 EDTAPCOn The Fly: Analyst Upgrade Summary
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09:21 EDTAPCAnadarko upgraded to Overweight from Neutral at Atlantic Equities
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07:09 EDTCMECME Group weekly volatility increases into Q4 and outlook
CME Group February call option implied volatility is at 25, March is at 23, June is at 21; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement after the expected release of Q4 results on February 5.
January 15, 2015
13:12 EDTCMEBGC announces contingent increase of offer to GFI Group to $5.85 per share
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09:36 EDTUPLUltra Petroleum upgraded to Accumulate from Hold at Tudor Pickering
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08:34 EDTCMECME Group, GFI Group announce revised offer for GFI stockholders to $5.60/share
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07:20 EDTCMENASDAQ may enter energy derivatives market, Reuters reports
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07:12 EDTATHNathenahealth price target raised to $180 from $155 at Stifel
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