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Stock Market & Financial Investment News

News Breaks
December 13, 2012
10:12 EDTBKD, FBHS, OIS, CPRT, DRC, BEAV, NX, MDCA, AYR, AXS, GRA, BKW, BWLD, ACGL, SNTA, MCP, EAT, ADKOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AXIS Capital (AXS) initiated with a Buy at Goldman... AdCare (ADK) initiated with an Outperform at Imperial Capital... Aircastle (AYR) initiated with a Buy at Deutsche Bank... Albermarle (ALB) initiated with an Outperform at RW Baird... Arch Capital (ACGL) initiated with a Neutral at Goldman... Brinker (EAT) initiated with a Buy at Citigroup... Buffalo Wild Wings (BWLD) initiated with a Neutral at Citigroup... Burger King (BKW) initiated with a Buy at Citigroup... MDC Partners (MDCA) initiated with a Buy at Capstone... Molycorp (MCP) initiated with a Neutral at RW Baird... Quanex (NX) initiated with an In-Line at Imperial Capital... Synta Pharmaceuticals (SNTA) initiated with a Buy at Brean Capital... W.R. Grace (GRA) initiated with an Outperform at RW Baird... BE Aerospace (BEAV)initiated with an Overweight at JPMorgan... Fortune Brands (FBHS) initiated with a Neutral at JPMorgan... Dresser-Rand (DRC) initiated with a Buy at Guggenheim... Oil States (OIS) initiated with a Buy at Guggenheim... Brookdale Senior Living (BKD) initiated with a Neutral at Macquarie... Copart (CPRT) initiated with a Buy at Northcoast.
News For AXS;ADK;ACGL;AYR;EAT;BWLD;MDCA;MCP;BKW;NX;SNTA;GRA;BEAV;DRC;OIS;BKD;CPRT;FBHS From The Last 14 Days
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January 26, 2015
09:08 EDTBKDBrookdale Senior Living lowers FY15 CFFO to $2.60-$2.75 from $2.95-$3.10
Brookdale Senior Living announced that, for the Q4, it expects to report Cash From Facility Operations, or CFFO, excluding integration, transaction-related and electronic medical records roll-out costs, of 53c per share. As a result, Brookdale has adjusted its FY15 guidance for CFFO per share, excluding integration, transaction-related and EMR roll-out costs, to $2.60-$2.75, replacing its previously announced preliminary range of $2.95-$3.10.
08:50 EDTAXSAXIS Capital to hold a conference call
Conference call to discuss $11B merger with PartnerRe is being held on January 26 at 8:30 am. Webcast Link
07:56 EDTDRCSiemens to face shareholder pushback over oil equipment acquisition, WSJ says
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06:00 EDTMCPStocks with implied volatility movement; XOM MCP
Stocks with implied volatility movement; Exxon Mobil (XOM) 22, Molycorp (MCP) 196 according to iVolatility.
January 25, 2015
20:51 EDTAXSPartnerRe Director David Zwiener to assume position of interim CEO
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20:43 EDTAXSAXIS Capital, PartnerRe combination to have gross premiums written of $7B
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20:34 EDTAXSAXIS Capital, PartnerRe to combine in $11B merger
AXIS Capital Holdings (AXS) and PartnerRe (PRE) announced that they have signed a definitive amalgamation agreement to create one of the world’s preeminent specialty insurance and reinsurance companies, with gross premiums written in excess of $10B, total capital of more than $14B, and cash and invested assets of more than $33B. The merger of equals has been unanimously approved by the boards of directors of both companies, and brings together market-leading insurance and reinsurance franchises that will benefit from increased scale and enhanced market presence. Under the terms of the transaction agreement, PartnerRe shareholders will receive 2.18 shares of the combined company’s common shares for each share of PartnerRe common shares they own and AXIS Capital shareholders will receive one share of the combined company’s common shares for each share of AXIS Capital common shares they own. Upon completion of the transaction, shareholders of PartnerRe and AXIS Capital will own approximately 51.6% and 48.4% of the combined company, respectively. PartnerRe Chairman, Jean-Paul L. Montupet will be non-executive chairman of the combined company. AXIS Capital CEO Albert A. Benchimol will serve as CEO of the combined company. The new company will have a 14-person Board of Directors, consisting of seven AXIS Capital directors and seven PartnerRe directors, including Messrs. Montupet and Benchimol. Current AXIS Capital Chairman, Michael A. Butt will continue to serve on the Board as Chairman Emeritus. Mr. Benchimol stated: “This transformational combination will leverage the complementary strengths of both companies and create an organization with the size and breadth to enhance product and service offerings, maximize growth opportunities, optimize portfolios, and deliver both economies of scale and capital efficiencies. The combined company will have three strongly positioned businesses – a top-five global reinsurer, a $2.5B specialty insurance underwriting business, and a highly successful and growing life, accident and health franchise – all with increased strategic flexibility. As a top five global reinsurer with leading positions in a number of specialty lines, we will be strongly positioned to turn the challenges presented by the structural changes in the reinsurance market into opportunities.”
20:22 EDTAXSAXIS Capital sees Q4 EPS $1.15-$1.21, consensus $1.21
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January 23, 2015
14:47 EDTAYRAircastle said to be receptive to takeover talks, Mergermarket says
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10:02 EDTMCPOn the Fly: Analyst Downgrade Summary
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09:21 EDTMCPOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Infinera (INFN), up 13.2%... E-Trade (ETFC), up 5.6%... Starbucks (SBUX), up 5%... ResMed (RMD), up 3.2%. ALSO HIGHER: IVUS (VVUS), up 6.2% after being initiated with an Outperform at RBC Capital... Vitae Pharmaceuticals (VTAE), up 12.3% after 3M share Secondary priced at $11.90... lululemon (LULU), up 3.5% after being upgraded to Overweight from Neutral at JPMorgan. DOWN AFTER EARNINGS: Kimberly Clark (KMB), down 4.6%... Bank of New York Mellon (BK), down 2.1%... Altera (ALTR), down 4.4%... Kansas City Southern (KSU), down 3.3%... McDonald's (MCD), down fractionally. ALSO LOWER: LeapFrog (LF), down 32.8% after reporting preliminary third quarter results and withdrawing fiscal 2015 guidance... Molycorp (MCP), down 10.7% after being downgraded to Neutral from Buy at DA Davidson... Dreamworks (DWA), down 12% after announcing that it will cut 500 jobs, reduce films released per year, and seeing a $55M charge for 'The Penguins of Madagascar' and 'Mr. Peabody and Sherman'... Otonomy (OTIC), down 1.8% after secondary increased to 2.55M shares, priced at $29.25.
08:09 EDTMCPMolycorp downgraded to Neutral from Buy at DA Davidson
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07:09 EDTMCPMolycorp may have hired Jones Day for debt restructuring advice, Bloomberg says
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January 20, 2015
10:06 EDTGRAHigh option volume stocks
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08:58 EDTEATBrinker downgraded to Hold on valuation at Wunderlich
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08:12 EDTEATBrinker downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Brinker to Hold with a $65 price target.
08:03 EDTADKAdCare to lease ten facilities in Arkansas to Aria Health Group
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January 16, 2015
10:47 EDTBKDBofA/Merrill healthcare facilities analyst analyst/industry conference call
Healthcare Facilities & Managed Care Analyst Bressler discusses the legislative and regulatory outlook for the industry for 2015 on an Analyst/Industry conference call to be held on January 23 at 2 pm.
10:01 EDTAYROn The Fly: Analyst Downgrade Summary
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06:39 EDTAYRAircastle downgraded to Underweight from Neutral at JPMorgan
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