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May 21, 2014
04:55 EDTCTS, CTS, XPO, XPO, SONS, SONS, SP, SP, LFUS, LFUS, SPA, SPA, FC, FC, ONE, ONE, ANGI, ANGI, APGI, APGIBarrington to hold a conference
8th Annual Spring Investment Conference to be held in Chicago on May 21-22.
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February 12, 2016
06:28 EDTSONSSonus volatility elevated into Q4 and outlook
Sonus February call option implied volatility is at 144, March is at 107; compared to its 52-week range of 34 to 98, suggesting large near term price movement into the expected release of Q4 results on February 16.
February 11, 2016
16:01 EDTSPSP+ Transportation awarded shuttle bus contract at DFW International Airport
SP Plus Corporation announced that its SP+ Transportation operating group has been awarded a multi-year contract to provide comprehensive shuttle bus service for the Express North and Express South public parking facilities at Dallas/Fort Worth International Airport, beginning March 1, 2016. The operation will utilize a fleet of 42 buses to provide prompt bumper-to-bumper shuttle service between the terminals and over 8,200 public parking spaces in the North and South Express Parking Lots.
February 9, 2016
07:25 EDTXPOXPO Logistics to retain truckload business aquired in Con-way deal
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07:16 EDTXPOStifel to hold a conference
Transportation and Logistics Conference is being held in Key Biscayne, Florida on February 9-10.
February 8, 2016
10:00 EDTSPAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: A-Mark Precious Metals (AMRK) downgraded to Neutral from Buy at B. Riley... Antero Midstream (AM) downgraded to Neutral from Outperform at Baird... AstraZeneca (AZN) downgraded to Hold from Buy at HSBC... Baker Hughes (BHI) downgraded to Equal Weight at Morgan Stanley... Brixmor (BRX) downgraded to Neutral from Outperform at Boenning & Scattergood... CBOE Holdings (CBOE) downgraded to Underperform from Outperform at CLSA... Cisco (CSCO) downgraded to Buy from Conviction Buy at Goldman... Citi Trends (CTRN) downgraded to Neutral from Buy at MKM Partners... Commerzbank (CRZBY) downgraded to Underperform from Market Perform at Keefe Bruyette... DexCom (DXCM) downgraded to Neutral from Outperform at Baird... EnLink Midstream (ENLC) downgraded to Underperform from Outperform at Baird... Energy Transfer Equity (ETE) downgraded to Neutral from Outperform at Baird... Energy Transfer Partners (ETP) downgraded to Neutral from Outperform at Baird... Eversource (ES) downgraded to Equal Weight from Overweight at Barclays... Genesis Healthcare (GEN) downgraded to Sell from Neutral at UBS... Givaudan (GVDNY) downgraded to Neutral from Buy at Goldman... HSBC (HSBC) downgraded to Underweight from Equal Weight at Morgan Stanley... Nomura (NMR) downgraded to Hold from Buy at Deutsche Bank... Novo Nordisk (NVO) downgraded to Sell from Neutral at UBS... ONEOK Partners (OKS) downgraded to Underperform from Neutral at Baird... ONEOK (OKE) downgraded to Neutral from Outperform at Baird... PPL Corp. (PPL) downgraded to Hold from Buy at Evercore ISI... Plains All American (PAA) downgraded to Underperform from Outperform at Baird... Plains GP Holdings (PAGP) downgraded to Underperform from Neutral at Baird... Quanta Services (PWR) downgraded to Neutral from Buy at UBS... Ralph Lauren (RL) downgraded to Neutral from Overweight at Atlantic Equities... Sparton (SPA) downgraded to Market Perform from Outperform at Barrington... Tableau (DATA) downgraded to Equal Weight at Morgan Stanley... Tallgrass Energy GP (TEGP) downgraded to Neutral from Outperform at Baird... WisdomTree (WETF) downgraded to Underperform from Market Perform at Keefe Bruyette.
08:03 EDTCTSCTS sees FY16 adjusted EPS 95c-$1.05, three estimates $1.04
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08:01 EDTCTSCTS reports Q4 adjusted EPS 20c, two estimates 25c
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07:15 EDTSPASparton downgraded to Market Perform from Outperform at Barrington
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February 5, 2016
18:42 EDTSPASparton CEO Cary Wood resigns, Joseph J. Hartnett named Interim CEO
Sparton CEO Cary Wood has resigned as its President and CEO effective immediately. Also, Michael Osborne, Senior VP, Corporate Development, has left the company, also effective immediately. Also effective immediately, Joseph J. Hartnett, current Chairman of the Board of Directors, has been appointed as interim CEO and will serve in that position until a new President and CEO has been appointed. Hartnett has stepped down as Chairman and from the board's Audit Committee but will remain on the board. Sparton Board Member James R. Swartwout has been appointed by the board as chairman. Osborne's duties have been reassigned to other members of Sparton's senior management team. The Board of Directors is actively conducting a search for a new CEO. It is expected that when appointed, the new CEO will also serve as a member of Sparton's board. Hartnett has served as a member of Sparton's board of Directors since 2008 and as Chairman since 2014. Hartnett has served as a member of the Audit Committee of the board but has resigned from the Committee upon his becoming interim CEO.
February 4, 2016
13:55 EDTXPOXPO Logistics trims truck terminals in cost reduction plan, WSJ says
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February 3, 2016
16:40 EDTANGIOn The Fly: Top stock stories for Wednesday
Stocks began the session in positive territory but were unable to hold their early gains. Following larger than expected builds in energy inventories, oil moved lower, taking equities with it. By the noon hour oil prices recovered and moved higher once again, helping to lift equities. While oil prices continued their advance and moved up more than 7%, stocks lagged, especially the Nasdaq, which was down as much as 1.5% this afternoon. That changed in the last hours of trading, which saw the Dow spurt higher and the Nasdaq recover most of its losses heading into another heavy dose of corporate earnings reports after the close. ECONOMIC EVENTS: In the U.S., ADP estimated that private payrolls grew by 205,000 jobs in January, topping the consensus forecast for 190,000 job additions. Markit's services PMI came in at 53.2, versus the consensus 53.7 forecast. The Institute for Supply Management's non-manufacturing index came in at 53.5 for January, down from 55.3 in the previous month and below the 55.1 reading forecast by analysts. In Asia, the Caixin services PMI for China climbed to 52.4 in January from 50.2 in December, while Japan's services PMI rose to 52.4 from 51.5 in the prior month. Additionally, China's National Development and Reform Commission set its economic growth projection range for this year at 6.5%-7%, noting that attempts to curb overcapacity will increase unemployment in provinces with high output of steel and coal. In Europe, Markit's composite purchasing managers index for January declined to 53.6 from 54.3 in December. COMPANY NEWS: Shares of Yahoo (YHOO) declined 4.75% to $27.68 after the embattled Internet company reported fourth quarter results and announced plans to simplify its product portfolio and reduce its workforce by roughly 15%. Maynard Webb, Yahoo's chairman, said the board is committed to its turnaround efforts and supportive of management's plan, but also believes that exploring additional strategic alternatives is in the best interest of its shareholders... Chipotle Mexican Grill (CMG) fell 2.89% to $461.92 after reporting lower than expected revenue and a 14% plunge in same-store sales for the quarter. Adding to the negative headlines, the restaurant operator also disclosed a subpoena broadening the scope of a criminal investigation that was previously limited to a single Chipotle location in California. Also punished by food safety worries were shares of Buffalo Wild Wings (BWLD), which slid 4.24% to $143.64 after one of its restaurants was named a suspected source of new norovirus-like cases in suburban Kansas City, though the company disputed a link between its location and the illnesses. The stock continued to move lower in after-hours trading following the company's earnings report and lower than expected guidance... Merck (MRK) was one of the worst performers on the Dow, dipping to as low as $48.58 before ending the day down 0.7% at $50.04 after its earnings narrowly topped estimates but guidance for the new year fell short of expectations. Among other large cap names reporting earnings this morning, Comcast (CMCSA) rose 5.95% following its report, while General Motors (GM) slid 2.43%. MAJOR MOVERS: Among the notable gainers was Autodesk (ADSK), which rallied 8% to $49.56 after announcing a restructuring plan that will see its workforce cut by roughly 10%. Also higher was Angie's List (ANGI), which jumped 13.53% to $9.48 after the New York Post reported that InterActiveCorp (IAC) is preparing a "big run" to acquire the company. In addition, Syngenta (SYT) rose 2% to $80.21 after receiving a $43B-plus takeover offer from ChemChina. Among the noteworthy losers was Lowe's (LOW), which fell 6.2% to $67.42 after agreeing to acquire Canada's RONA in a deal valued at $2.3B. Also lower was Barnes & Noble (BKS), which declined 9.6% to $7.32 after mall operator General Growth (GGP) said during a conference call that Amazon (AMZN) plans to open 300-400 physical bookstores. After the closing bell, General Growth CEO Sandeep Mathrani indicated that his previous statement "was not intended to represent Amazon's plans." Meanwhile, Marathon Petroleum (MPC), Mondelez (MDLZ) and Match Group (MTCH) lost 7.6%, 6.5% and 12.6%, respectively, following their quarterly reports. INDEXES: The Dow rose 183.12, or 1.13%, to 16,336.66, the Nasdaq fell 12.71, or 0.28%, to 4,504.24, and the S&P 500 advanced 9.50, or 0.5%, to 1,912.53.
05:51 EDTANGIIAC/InterActiveCorp preparing to make new bid for Angie's List, NY Post reports
IAC/InterActiveCorp (IAC) is preparing to make a new bid for Angie's List (ANGI), The New York Post reports, citing a source, who has indicated that "this will be a big run." IAC first made an unsolicited $512M bid for Angie's List in November, but its offer was rejected. Reference Link
February 2, 2016
16:49 EDTSPASparton to implement customer-facing enhancements
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16:47 EDTSPASparton reports Q2 sales backlog $264M, up 16% vs. last year
Reports Q2 sales backlog of approximately $264M, representing a 16% increase over the prior year quarter, but a 5% decrease from the end of the Q1 of FY16.
16:46 EDTSPASparton reports Q2 adj. EPS 25c, consensus 27c
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06:40 EDTLFUSLittelfuse sees FY16 Cap-Ex $40M-$45M
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06:39 EDTLFUSLittelfuse sees Q1 EPS ex-items $1.21-$1.35, consensus $1.24
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06:37 EDTLFUSLittelfuse reports Q4 adj. EPS $1.21, consensus $1.17
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February 1, 2016
06:47 EDTLFUSLittelfuse announces retirement of CFO and appointment of Meenal Sethna
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January 29, 2016
16:14 EDTXPOXPO Logistics reduces workforce by 190 positions in less-than-truckload business
XPO Logistics continued with its plan for synergies in its less-than-truckload business acquired from Con-way. Approximately 160 non-sales positions have been eliminated with most of the reductions being in administrative, management and back office functions, and impacted less than 1% percent of the LTL workforce in North America. Another 30 positions were eliminated in other parts of the company, primarily to address redundancies created by the acquisition. Collectively, the actions are expected to reduce annual costs by more than $20M against a targeted operating profit improvement of $170M-$210M over two years. To date, approximately $50M of expected annualized savings have been achieved in the three months since the company acquired Con-way on October 30, 2015.

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