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Stock Market & Financial Investment News

News Breaks
November 7, 2012
10:41 EDTWLP, THS, QLTY, MIPS, HUM, FNF, ESRX, EOG, DRL, DRH, AOLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AOL (AOL) downgraded to Underperform from Outperform at CLSA... DiamondRock (DRH) downgraded to Sell from Neutral at Goldman... Doral Financial (DRL) downgraded to Neutral from Buy at B. Riley... EOG Resources (EOG) downgraded to Hold from Buy at Societe Generale... Express Scripts (ESRX) downgraded to Buy from Conviction Buy at Goldman... Fidelity National (FNF) downgraded to Equal Weight from Overweight at Stephens... Humana (HUM) downgraded to Neutral from Buy at BofA/Merrill... MIPS Technologies (MIPS) downgraded to Hold from Buy at Craig-Hallum... MPG Office Trust (MPG) downgraded to Sell from Hold at Stifel Nicolaus... Quality Distribution (QLTY) downgraded to Neutral from Buy at SunTrust... TreeHouse Foods (THS) downgraded to Underperform from Neutral at Credit Suisse... Wellpoint (WLP) downgraded to Underperform from Buy at BofA/Merrill.
News For AOL;DRH;DRL;EOG;ESRX;FNF;HUM;MIPS;QLTY;THS;WLP From The Last 14 Days
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September 2, 2014
16:21 EDTDRHDiamondRock acquires Hilton Garden Inn in New York for $127.2M
DiamondRock Hospitality announced that on August 29 it acquired the fee-simple condominium interest in the 282-room Hilton Garden Inn/Times Square Central in New York for a contractual purchase price of $127.2M. The Company still expects the Hotel to generate approximately $5.0M of adjusted earnings before interest, taxes, depreciation and amortization in 2014.
16:19 EDTDRHDiamondRock acquires The Inn hotel for $47.5M
DiamondRock Hospitality announced that it recently acquired the fee simple interest in a 106-room boutique hotel, The Inn at Key West in Key West, Florida, for a contractual purchase price of $47.5M. The contractual purchase price represents a 12.1 multiple on forecasted 2014 Hotel earnings before interest, taxes, depreciation and amortization of $3.9M and a 7.6% capitalization rate on the Hotel's 2014 forecasted net operating income. The EBITDA for the Company's ownership period in 2014 is expected to be approximately $1.0M, with approximately 80% of that amount earned during the Q4. The Company funded the acquisition with existing corporate cash.
08:58 EDTAOLVringo preparing to seek further review of Court split decision
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08:34 EDTHUMHumana to reaffirm FY14 EPS view $7.25-$7.75, consensus $7.73
Members of Humana Inc.’s senior management team are scheduled to meet with investors at various times between September 3 and the end of the month. During such meetings, Humana’s management expects to reaffirm its guidance of $7.25-$7.75 in diluted EPS for the year ending December 31, 2014. This EPS guidance is consistent with that issued in Humana’s current report on Form 8-K filed with the U.S. SEC on July 30 and subsequently reiterated in investor presentations posted to the Investor Relations section of its web site.
August 29, 2014
13:22 EDTESRXExpress Scripts management to meet with SunTrust
Meeting to be held in New York on September 4 hosted by SunTrust.
August 26, 2014
08:07 EDTDRLDoral Financial, Treasury Department unable to reach definitive settlement
Doral Financial disclosed in a regulatory filing that the company and the Treasury Department have been unable to reach a definitive settlement agreement. On August 25, the parties ceased the settlement negotiations. The Court of First Instance has scheduled the trial for September 16, 17 and 18, Doral added.
August 25, 2014
09:22 EDTDRLDoral Financial extends negotiations with Treasury Department
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August 22, 2014
11:24 EDTDRLDoral Financial legal counsel issues statement regarding Hacienda negotiations
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August 21, 2014
14:50 EDTQLTYQuality Distribution management to meet with Stephens
Meeting to be held in Chicago on August 25 hosted by Stephens.
August 20, 2014
11:57 EDTFNFFidelity National requests withdrawal of registration statement
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09:36 EDTEOGActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
09:24 EDTAOLVringo intends to seek en banc review of decision in I/P Engine case
Vringo (VRNG) announced that its wholly-owned subsidiary I/P Engine, Inc. intends to file a petition with the United States Court of Appeals for the Federal Circuit seeking en banc review of the split appellate decision in its case against AOL (AOL), Google (GOOG) et al. that issued on August 15 and reversed the judgment of the United States District Court for the Eastern District of Virginia. Under the Federal Circuit's rules, I/P Engine's petition for en banc review is due on September 15. I/P Engine has filed an unopposed motion seeking a 30-day extension, which would make its petition due October 15. Upon receiving the requested extension, I/P Engine may file the petition on or anytime prior to October 15.

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