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Stock Market & Financial Investment News

News Breaks
March 25, 2014
10:07 EDTKBR, TU, SPR, NAV, HIMX, T, TKR, MSCI, CRK, AMX, PHM, ACI, CST, ANR, BMRNOn The Fly: Analyst Downgrade Summary
Alpha Natural (ANR) downgraded to Hold from Buy at Jefferies... Arch Coal (ACI) downgraded to Hold from Buy at Jefferies... BioMarin (BMRN) downgraded to Neutral from Buy at Goldman... CST Brands (CST) downgraded to Neutral from Overweight at JPMorgan... KBR (KBR) downgraded to Neutral from Buy at Goldman... MSCI (MSCI) downgraded to Neutral from Buy at UBS... Navistar (NAV) downgraded to Neutral from Buy at UBS... PulteGroup (PHM) downgraded to Underweight from Equalweight at Barclays... Timken (TKR) downgraded to Hold from Buy at KeyBanc... Spirit AeroSystems (SPR) downgraded to Underperform from Neutral at Buckingham... America Movil (AMX) downgraded at BofA/Merrill... AT&T (T) downgraded to Neutral from Overweight at HSBC... TELUS (TU) downgraded to Equal Weight from Overweight at Morgan Stanley... Comstock Resources (CRK) downgraded to Accumulate from Buy at KLR Group... Himax Technologies (HIMX) downgraded to Underperform from Buy at BofA/Merrill.
News For ANR;ACI;BMRN;CST;KBR;MSCI;NAV;PHM;TKR;SPR;AMX;T;TU;CRK;HIMX From The Last 14 Days
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January 20, 2015
10:17 EDTKBRHalliburton, KBR appeals won't be heard by Supreme Court, Reuters reports
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09:36 EDTANRAlpha Natural downgraded to Underweight from Equal Weight at Morgan Stanley
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08:16 EDTPHMPulteGroup downgraded to Neutral from Buy at Buckingham
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07:11 EDTPHMPulteGroup downgraded to Underperform from Neutral at Credit Suisse
Price target lowered to $19 from $20.
06:24 EDTTT-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
January 18, 2015
13:45 EDTTGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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January 16, 2015
18:07 EDTTCongressional GOP unveil net neutrality law to bypass FCC, LA Times reports
Representatives Fred Upton of Michigan and John Thune of South Dakota endorsed a congressional bill that would protect net-neutrality by banning internet service providers from charging companies extra to load their sites, and prohibit broadband companies from blocking legitimate websites, or slowing speeds for customers, superseding the FCC's authority to regulate the internet, according to the LA Times. Major internet companies such as AT&T (T) , Comcast (CMCSA), and Verizon Communications (VZ) have opposed a recent recommendation by FCC Chairman Thomas Wheeler to treat internet service similar to a utility. Reference Link
17:25 EDTTAT&T reports Q4 $10B charge related to pension benefits and network assets
For the quarter ended December 31, AT&T expects to record a noncash, pre-tax loss of approximately $7.9B related to actuarial gains and losses on pension and postemployment benefit plans. At December 31, the company decreased its assumed discount rates used to measure the pension obligation to 4.3% and to 4.2% for the company's postretirement obligation. These reductions resulted in an actuarial loss of approximately $7.9B. Also contributing to the amount were losses due to updated mortality assumptions offset by asset gains in excess of its assumed rate of return as well as demographic changes and other assumptions. Actuarial gains and losses are managed on a total company basis and are, accordingly, reflected only in consolidated results. Therefore, this loss will not affect segment operating results or margins. The company's Q4 operating results will also include a $2.1B noncash charge for the abandonment in place of certain network assets. During Q4, the company performed an analysis of its network assets and determined that specific copper assets will not be necessary to support future network activity, due to declining customer demand for AT&T's legacy voice and data products and the migration of its networks to next generation technology. This decision by management will not be considered in the company's assessment of segment performance and therefore, this charge will be reflected only in consolidated results and will not affect segment operating results or margins.
January 15, 2015
15:26 EDTBMRNSarepta says no safety info or comparison in BioMarin presentation
Sarepta (SRPT) said that, given the small sample size of study 201/202, the company understood the importance of providing an "extensive amount of date" in order to understand eteplirsen's treatment effect. Sarepta has reported mITT data since week 24 and has continued to provide updates on this same mITT at every timepoint, the company said. BioMarin's (BMRN) presentation on Monday focused on extension phase and excluded dose-escalation phase and results during off-treatment periods, according to Sarepta. "Sarepta has regularly reported complete 201/202 safety data on all patients. No safety information or comparison [was included] in BioMarin's Monday presentation," Sarepta wrote in slides for its presentation at the JPMorgan Healthcare Conference.
10:00 EDTPHM, ANR, ACIOn The Fly: Analyst Initiation Summary
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07:38 EDTPHMPulteGroup initiated with an Equal Weight at Morgan Stanley
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06:31 EDTAMXTelefonica not in discussions with America Movil to buy assets, Reuters reports
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06:27 EDTTIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
05:31 EDTACIArch Coal initiated with an Underweight at Barclays
Target $2.
05:31 EDTANRAlpha Natural initiated with an Underweight at Barclays
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January 14, 2015
08:22 EDTTMKM Partners unable to recommend ADTRAN until clarity on AT&T timing
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08:11 EDTMSCIMSCI selected by Canterbury Consulting for Risk and Performance Suite
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07:19 EDTBMRNBioMarin volatility at upper end of two-year range as shares at record high
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07:06 EDTPHMKB Home margin issues company specific, says Deutsche Bank
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05:37 EDTHIMXHimax sees Q4 GAAP EPS 8.7c-9.2c, consensus 9c
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