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Stock Market & Financial Investment News

News Breaks
December 14, 2012
10:00 EDTTDW, TDC, CLX, DE, WLK, TIVO, CRM, ORCL, MSFT, CPNO, BMC, TIBX, SAP, MCP, HOS, CRS, APPA, SIX, PMTC, INFA, GLF, BKWOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: A.P. Pharma (APPA) initiated with a Buy at Jefferies... BMC Software (BMC) initiated with a Buy at Janney Capital... Burger King (BKW) initiated with a Neutral at BofA/Merrill... Carpenter Technology (CRS) initiated with a Buy at Goldman... Copano Energy (CPNO) initiated with a Buy at Citigroup... GulfMark Offshore (GLF) initiated with a Buy at Citigroup... Hornbeck Offshore (HOS) initiated with a Buy at Citigroup... Informatica (INFA) initiated with an Outperform at RBC Capital... Microsoft (MSFT) initiated with a Market Perform at BMO Capital... Microsoft (MSFT) initiated with a Neutral at Janney Capital... Molycorp (MCP) initiated with a Neutral at RW Baird... Oracle (ORCL) initiated with a Buy at Janney Capital... Parametric Technology (PMTC) initiated with a Buy at Janney Capital... SAP (SAP) initiated with a Buy at Janney Capital... Salesforce.com (CRM) initiated with a Neutral at Longbow... Six Flags (SIX) initiated with an Outperform at Wells Fargo... TIBCO (TIBX) initiated with an Outperform at RBC Capital... Teradata (TDC) initiated with an Outperform at RBC Capital... TiVo (TIVO) initiated with a Buy at Goldman... Tidewater (TDW) initiated with a Buy at Citigroup... Deere (DE) initiated with an Outperform at Macquarie... Eastman Chemical initiated with a Buy at SunTrust... Westlake Chemical (WLK) initiated with a Reduce at SunTrust... Clorox (CLX) coverage resumed with a Neutral at Goldman.
News For APPA;BMC;BKW;CRS;CPNO;GLF;HOS;MSFT;INFA;MCP;ORCL;PMTC;SAP;CRM;SIX;TIBX;TDC;TIVO;DE;TDW;WLK;CLX From The Last 14 Days
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November 14, 2014
09:18 EDTMSFTTyler Technologies signs contract with Ohio Police and Fire Pension Fund
Tyler Technologies (TYL) has signed a contract with the Ohio Police and Fire Pension Fund to implement Microsoft Dynamics AX, an enterprise resource planning solution with public sector functionality that Tyler Technologies jointly developed with Microsoft (MSFT). The contract includes related professional services, licensing, training and support.
09:05 EDTMSFTNPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
08:09 EDTCRSAshland names Carpenter Technology CEO William Wulfsohn as CEO, chairman
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08:03 EDTCRSCarpenter Technology says Gregory Pratt to return as CEO, effective immediately
Carpenter Technology Corporation’s Board of Directors announced that Gregory A. Pratt will return as CEO of the Company, effective immediately. Pratt was Carpenter's CEO in 2009 - 2010, and has been a Board member since 2002. Pratt will also continue as the Chairperson of Carpenter’s Board, a position he has held since 2009. Pratt replaces Bill Wulfsohn as CEO, who resigned today to take another role outside of the company. To ensure continuity, while Wulfsohn will step down from the CEO role and Board of Directors immediately, he will assist the Company in a transition support role until December 31, 2014.
06:12 EDTORCL, SAPSAP to pay Oracle $359M to settle legal battle, WSJ reports
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November 13, 2014
13:42 EDTSAPOpen Text deepens cooperation in its partnership with SAP
OpenText (OTEX) announced at OpenText's Enterprise World 2014 conference that it has deepened its long-standing strategic relationship with SAP (SAP). Through co-innovation, OpenText and SAP deliver customers an ever-growing choice of integrated products and solutions designed to help customers take advantage of digital technologies such as mobile, cloud, and social networking. Offerings from OpenText and SAP include comprehensive support for customer engagement solutions that are fundamental for companies moving towards use of these technologies. By delivering big data solutions based on the SAP HANA platform, OpenText and SAP aim to increase real-time access to information and data via mobile devices and cloud technologies.
12:03 EDTCRMBlackBerry announces agreement with Salesforce.com
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11:52 EDTMSFTMicrosoft confirms acquisition of security company Aorato
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08:24 EDTCRMSalesforce.com November volatility elevated into Q3 and outlook
Salesforce.com November call option implied volatility is at 50, December is at 38, January is at 33; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 19.
07:29 EDTMSFTMicrosoft to buy Aorato for about $200M, sources say, WSJ reports
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07:12 EDTORCLOracle to hold a meeting
2014 OAGi Plenary Meeting is being held in Redwood City, California on November 13-14.
06:45 EDTMSFTMicrosoft Xbox sales tripled since price cut, CNet reports
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06:20 EDTMSFTAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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November 12, 2014
17:22 EDTMSFTMicrosoft says will have sold 10M Xbox One consoles 'shortly'
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17:02 EDTCRMSalesforce.com signs agreement to purchase 50 Fremont Street building
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12:18 EDTSAPConcur to host special shareholder meeting
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11:44 EDTSIXSeaWorld sinks to 52-week low after Q3 profit, attendance fall
Shares of theme park and entertainment company SeaWorld (SEAS) are plunging after the company’s profit, attendance and adjusted EBITDA all fell significantly on a year over year basis. The also forecast fiscal year 2014 revenue and adjusted EBITDA to be down from last year. WHAT'S NEW: This morning, SeaWorld reported Q3 adjusted earnings per share of $1.01, missing analysts' $1.13 consensus by 12 cents. Revenue for the quarter was $495.84M, compared to analysts' consensus estimates of $495.4M. Adjusted EBITDA in the quarter was $209.1M, a decrease of $45.3M, or 18%, compared to the third quarter of 2013. Attendance in Q3 ws 8.4M, down from 8.9M a year ago. The company believes the decline in attendance results from a combination of factors including negative media attention in California along with a challenging competitive environment, particularly in Florida. The competitive challenges in Florida relate to significant new attraction offerings at competitor destination parks, along with a delay in the scheduled opening of one of the company's new rides at its Busch Gardens Tampa park. The decrease in total revenue in the third quarter was primarily driven by a 5.2% decline in attendance, along with a 2.9% decline in total revenue per capita from $60.74 in the third quarter of 2013 to $58.99. WHAT’S NOTABLE: Looking ahead, SeaWorld forecast FY14 revenue and adjusted EBITDA to be down 6%-7% and 14%-16%, respectively. The FY14 revenue consensus ahead of the company's report was $1.37B. The company also said it expects to take a restructuring charge of up to $13M in Q4 related to its cost reduction initiatives. The company sees FY14 capital expenditures to be in the range of $155M-$165M and fiscal year 2015 CapEx to be in the range of $185M-$195M. Jim Atchison, the company's Chief Executive Officer, noted that the attendance trends the company experienced in the latter part of the second quarter continued into Q3. He called 2014 a “challenging year,” and said the company was executing a cost savings plan that is expected to deliver approximately $50M of annual cost savings by the end of 2015. He also said the company was adjusting its attraction and marketing plans to address immediate top-line concerns. PRICE ACTION: In late morning trading, SeaWorld fell $2.24, or 12.04%, to $16.36 on more than twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $16.53. Including today's pull back, the shares have lost approximately 48% over the past 12 months. OTHERS TO WATCH: Other companies in the theme park space include Disney (DIS), up 0.03%, Six Flags (SIX), down 0.16%, and Cedar Fair (FUN), up 0.76%.
07:58 EDTMSFTMicrosoft to hold a conference
Developer Conference is being held in New York on November 12-13 with webcasted discussions will begin on November 12 at 10 am. Reference Link
07:48 EDTMSFT, SIXWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
06:57 EDTTDWSnow Capital reports 6.3% passive stake in Tidewater
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