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Stock Market & Financial Investment News

News Breaks
March 26, 2013
10:04 EDTTWO, KRA, GMAN, ZIOP, MGLN, COG, SWN, MWV, ASHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Ashland (ASH) downgraded to Neutral from Buy at Longbow... Cabot Oil & Gas (COG) downgraded to Hold from Buy at Stifel... Gordmans Stores (GMAN) downgraded to Neutral from Overweight at Piper Jaffray... Kraton Performance (KRA) downgraded to Perform from Outperform at Oppenheimer... Magellan Health (MGLN) downgraded to Market Perform from Outperform at Raymond James... MeadWestvaco (MWV) downgraded to Neutral from Buy at UBS... Southwestern Energy (SWN) downgraded to Hold from Buy at Stifel... Ziopharm (ZIOP) downgraded to Underperform from Market Perform at BMO Capital... Two Harbors (TWO) downgraded to Neutral from Buy at Compass Point... Cabot Oil & Gas (COG) downgraded to Hold from Buy at Stifel... Southwestern Energy (SWN) downgraded at Stifel.
News For ASH;COG;GMAN;MWV;MGLN;KRA;SWN;ZIOP;TWO From The Last 14 Days
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November 21, 2014
08:04 EDTGMANGordmans Stores sees Q4 3c-8c, consensus 9c
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08:02 EDTGMANGordmans Stores reports Q3 EPS (10c), consensus (10c)
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November 20, 2014
17:13 EDTGMANGordmans Stores appoints Lisa C. Evans as Chief Merchandising Officer
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10:02 EDTMWVOn The Fly: Analyst Initiation Summary
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08:15 EDTMGLNMagellan Health talks with Louisiana pose 5% earnings risk, says Leerink
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08:10 EDTMGLNMagellan Health says Louisiana looking to reduce term of contract
Magellan Health currently has a contract with the Louisiana Department of Health and Hospitals to manage behavioral health care for Medicaid recipients and other beneficiaries through the Louisiana Behavioral Health Partnership. The current contract, which generates annual revenue of approximately $150M, is currently scheduled to expire on February 28, 2015. The company disclosed last night that it submitted a proposal pursuant to a request for proposals issued by the Louisiana Department for a new expanded contract including the management of behavioral health care and other new services for Medicaid and other beneficiaries with a term ending on December 31, 2016. The Louisiana Department recently notified Magellan that it was the successful bidder and that it intends to recommend that the company be awarded the New contract. At a subsequent meeting, Magellan said the Louisiana Department informed the company that it has decided that the term of the new contract will be for a shortened term expiring on November 30, 2015 instead of December 31, 2016, after which the behavioral health care and other services to Medicaid and other beneficiaries will be transitioned to the general Medicaid managed care plans in Louisiana. Magellan informed the Louisiana Department that it is not practicable for the company to accept a shortened term on the new contract. It added it and the Louisiana Department are "currently discussing reducing the scope of services contained in the RFP to be rendered under the New Contract such that they are comparable to the services rendered by the Company under the Current Contract, with a reduced term ending November 30, 2015." Magellan said it cannot predict whether it will reach an agreement with the Louisiana Department. It added, "Accordingly, there is no assurance that the Company and the Louisiana Department will be able to reach an agreement on the New Contract. In the event agreement is not reached on the New Contract, the Current Contract would expire on February 28, 2015."
05:31 EDTMWVMeadWestvaco initiated with a Market Perform at Wells Fargo
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November 19, 2014
13:01 EDTSWNDTE Energy announces expansion in Bluestone system
DTE Energy (DTE) and Southwestern Energy Co. (SWN) signed an agreement to significantly expand their relationship centered on the Bluestone Pipeline and in-field gathering system. The new gathering agreement increases the infrastructure footprint associated with DTE Energy's gathering assets by approximately 50% in Susquehanna County, Pa. This agreement also increases Southwestern's transportation capacity on the Bluestone Pipeline. The 44.5-mile Bluestone Pipeline can deliver approximately 0.8 Bcf/day of gas to both the Millennium Pipeline in Broome County, N.Y., and the Tennessee Gas Pipeline in Susquehanna County, and is currently increasing its capacity to 1.0 Bcf/d by mid-2016.
November 18, 2014
15:13 EDTSWNSouthwestern Energy cancels presentation at Ladenburg event, Bloomberg reports
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November 17, 2014
20:06 EDTASHAshland management to meet with Global Hunter
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08:44 EDTTWOTwo Harbors announces $500M initial capital allocation to real estate initiative
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07:16 EDTCOGTopeka to hold a bus tour
Houston Bus Tour travels throughout Houston, Texas on November 17-18.
November 14, 2014
12:53 EDTCOG, ASHOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
08:09 EDTASHAshland names Carpenter Technology CEO William Wulfsohn as CEO, chairman
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November 12, 2014
09:36 EDTTWOInformation Management Network to hold a symposium
Private Label RMBS Reform Symposium is being held in New York on November 12.
08:13 EDTZIOPBoston Biotech to hold a conference
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07:31 EDTCOGBofA/Merrill to hold a conference
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