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Stock Market & Financial Investment News

News Breaks
March 10, 2014
10:01 EDTATHN, CTG, BWLD, DRI, TMHC, SPLS, O, MTH, KBH, DFT, DTEGY, GISOn The Fly: Analyst Downgrade Summary
athenahealth (ATHN) downgraded to Underperform from Perform at Oppenheimer... Deutsche Telekom (DTEGY) downgraded to Hold from Buy at Jefferies... DuPont Fabros (DFT) downgraded to Hold from Buy at Jefferies... KB Home (KBH) downgraded to Underperform from Buy at BofA/Merrill... Meritage Homes (MTH) downgraded to Underperform from Neutral at BofA/Merrill... Realty Income (O) downgraded to Neutral from Buy at BofA/Merrill... Staples (SPLS) downgraded to Hold from Buy at BB&T... Taylor Morrison (TMHC) downgraded to Neutral from Buy at Citigroup... D.R. Horton (DRI) downgraded to Neutral from Buy at Citigroup... Buffalo Wild Wings (BWLD) downgraded to Hold from Buy at Miller Tabak... Computer Task Group (CTG) downgraded to Neutral from Buy at Sidoti... General Mills (GIS) downgraded to Underperform from Outperform at CLSA.
News For ATHN;DTEGY;DFT;KBH;MTH;O;SPLS;TMHC;DRI;BWLD;CTG;GIS From The Last 14 Days
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October 16, 2014
09:45 EDTDRIDarden expands board to 13, adds William Simon
Darden Restaurants (DRI) announced that William Simon has been appointed to the company's board, effective immediately. As a result of this action, the board also voted to expand the number of seats on the Board to 13. Simon, most recently the CEO of Walmart U.S. (WMT) and a former senior executive at Brinker (EAT), previously served on Darden's board for two years but did not stand for re-election. Darden said its board "will continue to evaluate additional qualified candidates and may, or may not, make an additional appointment to the Board in the future."
October 15, 2014
07:18 EDTDTEGYDeutsche Telekom, Slovak Telecom fined by European Commission
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October 14, 2014
10:41 EDTDRIDarden trading higher after Gene Lee named interim CEO
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09:05 EDTDRIDarden appoints Jeffrey Smith independent non-executive chairman of the board
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08:03 EDTCTGCTG announces death of Chairman and CEO James Boldt
CTG announced the unexpected death of its Chairman and CEO James Boldt on October 13, 2014. CTG's board has appointed Brendan Harrington, CTG's CFO, to serve as the company's interim CEO. The Company's board also named Daniel Sullivan, the board's lead director and the former President and Chief Executive Officer of FedEx Ground, as CTG's Non-executive Chairman. The appointments were made in accordance with the Company's existing succession plan.
October 13, 2014
17:24 EDTGISS&P announces changes to the S&P MidCap 400 and S&P SmallCap 600 indices
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13:26 EDTDTEGYIliad ends plan to buy T-Mobile after "significantly" improved offer
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13:22 EDTDRINorwegian Cruise Line names Drew Madsen as COO
Norwegian Cruise (NCLH) announced that hospitality veteran Drew Madsen has joined as president and COO of Norwegian Cruise Line. Madsen brings a strong track record of success to Norwegian with more than 30 years of leadership experience in the hospitality and consumer products industry, most recently as president and COO at Darden Restaurants (DRI) the world's largest full-service restaurant company.
10:08 EDTDRIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Bankrate (RATE) downgraded to Equal Weight from Overweight at Stephens... CME Group (CME) downgraded to Market Perform from Outperform at Wells Fargo... Cliffs Natural (CLF) downgraded to Neutral from Overweight at JPMorgan... Dana Holding (DAN) downgraded to Sector Perform from Outperform at RBC Capital... Darden (DRI) downgraded to Neutral from Overweight at Piper Jaffray... Dover (DOV) downgraded to Neutral at RW Baird... DryShips (DRYS) downgraded to Underperform from Outperform at Imperial Capital... Infineon (IFNNY) downgraded to Neutral from Overweight at JPMorgan... J.C. Penney (JCP) downgraded to Sell from Neutral at UBS... Johnson Controls (JCI) downgraded to Outperform from Top Pick at RBC Capital... Juniper (JNPR) downgraded to Hold from Buy at Argus... Kennametal (KMT) downgraded to Market Perform from Outperform at Wells Fargo... Masco (MAS) downgraded to Equal Weight from Overweight at Barclays... New Gold (NGD) downgraded to Neutral from Overweight at JPMorgan... ON Semiconductor (ONNN) downgraded to Sector Perform from Outperform at Pacific Crest... PBF Energy (PBF) downgraded to Underweight from Equal Weight at Barclays... Parker-Hannifin (PH) downgraded to Market Perform from Outperform at Wells Fargo... STMicroelectronics (STM) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Sector Perform at Pacific Crest... VOXX International (VOXX) downgraded to Market Perform from Outperform at Cowen.
10:08 EDTKBHOn The Fly: Analyst Upgrade Summary
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07:15 EDTGISNational Association of Corporate Directors to hold a conference
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07:11 EDTKBHKB Home upgraded to Neutral from Sell at Compass Point
Compass Point upgraded KB Home to Neutral citing relative valuation and focus on lower price points. Price target raised to $15.50 from $13.50.
06:05 EDTDRIDarden downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Darden to Neutral citing a lack of leadership clarity after Starboard ousted the company's entire board of directors.
October 10, 2014
10:01 EDTBWLD, DRIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Pacific Crest... Bloomin' Brands (BLMN) initiated with an Outperform at BMO Capital... Brinker (EAT) initiated with a Market Perform at BMO Capital... Buffalo Wild Wings (BWLD) initiated with an Outperform at BMO Capital... Chipotle (CMG) initiated with a Market Perform at BMO Capital... Chuy's (CHUY) initiated with a Market Perform at BMO Capital... Darden (DRI) initiated with a Market Perform at BMO Capital... EMC (EMC) initiated with a Buy at Jefferies... EPR Properties (EPR) initiated with a Buy at BofA/Merrill... HP (HPQ) initiated with a Hold at Jefferies... IBM (IBM) initiated with an Underperform at Jefferies... McDermott (MDR) initiated with an In-Line at Imperial Capital... NetApp (NTAP) initiated with a Hold at Jefferies... New Residential (NRZ) initiated with a Neutral at Piper Jaffray... Nimble Storage (NMBL) initiated with a Buy at Jefferies... Noodles & Company (NDLS) initiated with an Outperform at BMO Capital... PDC Energy (PDCE) initiated with an Overweight at Stephens... Panera Bread (PNRA) initiated with a Market Perform at BMO Capital... Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital... Resource America (REXI) initiated with a Buy at MLV & Co.... Rex Energy (REXX) initiated with an Overweight at Stephens... Seagate (STX) initiated with a Buy at Jefferies... Silicon Motion (SIMO) initiated with a Buy at Brean Capital... Texas Roadhouse (TXRH) initiated with a Market Perform at BMO Capital... W.P. Carey (WPC) initiated with a Neutral at BofA/Merrill... Wayfair (W) initiated with a Buy at Janney Capital...Western Digital (WDC) initiated with a Buy at Jefferies... Yelp (YELP) initiated with a Buy at Sterne Agee.
09:52 EDTDRIDarden resumes trading, up 1.8% after all Starboard nominees elected to board
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09:47 EDTDRIDarden confirms 12 Starboard-nominated directors to board
Darden announced that, based on the preliminary vote count provided by its proxy solicitor following the company's 2014 Annual Meeting, shareholders have elected all 12 Starboard-nominated directors to Darden's Board of Directors including Betsy Atkins, Margaret Shan Atkins, Jean Birch, Bradley Blum, Peter Feld, James Fogarty, Cynthia Jamison, William Lenehan, Lionel Nowell, III, Jeffrey Smith, Charles Sonsteby, and Alan Stillman. Darden noted that the preliminary vote count following the Annual Meeting also indicates that shareholders voted FOR the approval, on an advisory basis, of the company's executive compensation, for the ratification of the appointment of KPMG as Darden's independent registered public accounting firm for the fiscal year ending May 31, 2015, for a management proposal to amend the Company's bylaws to provide for proxy access and against two shareholder proposals as described in the company's associated Proxy Statement.
09:36 EDTDRIAll Starboard directors elected to Darden board, CNBC reports
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09:30 EDTKBHKB Home upgraded to Outperform from Sector Perform at FBN Securities
FBN Securities upgraded KB Home to Outperform based on relative valuation and increased balance sheet leverage.
06:59 EDTDTEGYDeutsche Telekom, China Mobile to launch connected cars platform, Reuters says
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06:40 EDTDRIDarden up against Starboard at yearly meeting, Reuters says
Darden and Starboard Value are expected to enter into heated discussions at the company's yearly meeting, where Starboard is aiming to win full control of the restaurant company's board, reported Reuters. Reference Link
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