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Stock Market & Financial Investment News

News Breaks
February 12, 2013
07:06 EDTAVPAvon sees comments on Venezuelan currency devaluation
The Venezuelan government has announced its intention to devalue its currency by approximately 32%. Although no official rules have been issued, the official exchange rate is expected to change from 4.30 Bolivars to the U.S. dollar to 6.30 Bolivars to the U.S. dollar, effective February 13, 2013, and the regulated SITME market will be eliminated. Based on a preliminary analysis, Avon anticipates the following impacts, both of which will be excluded for purposes of calculating adjusted Non-GAAP results during 2013: One time after tax loss estimated to be approximately $50M in the first quarter of 2013, primarily reflecting the write-down of monetary net assets and deferred tax benefits; Estimated charges of approximately $50M associated with the historical cost in U.S. dollars of non-monetary assets, such as inventory, primarily during the first half of 2013.
News For AVP From The Last 14 Days
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September 9, 2014
10:10 EDTAVPOn the Fly: Analyst Downgrade Summary
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10:10 EDTAVPOn the Fly: Analyst Upgrade Summary
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09:12 EDTAVPOn The Fly: Pre-market Movers
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08:14 EDTAVPAvon Products downgraded to Neutral from Buy at Citigroup
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07:42 EDTAVPAvon Products upgraded to Buy from Neutral at BTIG
BTIG upgraded Avon to Buy with a $17 price target based on valuation, easy comps, U.S. profitability, and strategic initiatives.
September 8, 2014
17:25 EDTAVPBaker Hughes names Kimberly Ross CFO
Baker Hughes (BHI) announced that Kimberly A. Ross, has been appointed senior vice president and CFO effective October 22. Ross currently serves as executive vice president and CFO of Avon Products (AVP).
17:19 EDTAVPAvon Products announces CFO Kimberly Ross resigns, effective October 2
Avon Products announced that Kimberly Ross, Executive Vice President and CFO, has resigned effective October 2. Ross joined Avon in 2011. Robert Loughran, Vice President and Corporate Controller, will be appointed Avon's acting CFO effective October 2, while the company completes the search process for a permanent CFO.

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