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Stock Market & Financial Investment News

News Breaks
February 6, 2013
07:22 EDTIOSP, GE, ASML, VLO, GWW, CHMT, AYI, RHHBY, GGG, CAOppenheimer to host a conference
3rd Annual Investor 1-on-1 Conference is being held in London, England on February 6.
News For AYI;ASML;CA;CHMT;GE;GGG;GWW;IOSP;RHHBY;VLO From The Last 14 Days
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April 9, 2015
16:17 EDTGEOn The Fly: Closing Wrap
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13:56 EDTGEGeneral Electric moves higher on deal to sell real estate portfolio
The shares were last at $25.26, trading up over 1%. At this price next resistance is at $26.27. Support is at $25.09, the 50-day moving average.
13:38 EDTGEGE close to selling real estate holdings, WSJ reports
General Electric (GE) is close to selling its real estate holdings to Blackstone (BX) and Wells Fargo (WFC), Wall Street Journal reports, citing people familiar with the matter. The portfolio has $30B in holdings, the Journal adds. Shares of GE moved up 25c to $25.26 following the report. Reference Link
13:35 EDTGEGE in discussions to sell all or part of real estate assets, Dow Jones says
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11:30 EDTCACA filing suggests disappointing new business in Q4, says Jefferies
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11:27 EDTCACA sees FY15 new product sales down mid-single-digit percentage from FY14
CA, Inc. disclosed in a regulatory filing last night that in an interview published on the Internet on April 7, CEO Michael Gregoire inadvertently referenced certain performance metrics for the company's Enterprise Solutions segment. The statistics Gregoire cited were actually the company's total new product sales performance for fiscal years 2015, 2014 and 2013, with one clarification - while the company has not completed its year end close processes and audit, it expects that total new product sales for FY15 will decline by an approximate mid-single-digit percentage when compared to FY14, rather than the Enterprise Solutions segment being “pretty much flat” as referenced in the interview, CA stated. CA added that it will report in full on these metrics for FY15 when it releases its full fiscal year earnings.
10:00 EDTGWWOn The Fly: Analyst Downgrade Summary
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07:31 EDTGWWGrainger downgraded to Perform from Outperform at Oppenheimer
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06:05 EDTCHMTChemtura announces price increase for selected flame retardants
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April 8, 2015
17:25 EDTGECourt reverses $664M judgment against United Technologies
In a regulatory filing, United Technologies (UTX) reports that on April 6, the Sixth Circuit Court of Appeals rendered a decision in the litigation concering the F100 engine. The litigation arose from allegations by the U.S. Department of Justice that Pratt & Whitney -- a United subsidiary -- violated the civil False Claims Act relating to the competition between Pratt & Whitney's F100 engine and General Electric's (GE) F110 engine, resulting in alleged overpayments by the government for F100 engines under contracts awarded by the U.S. Air Force in fiscal years 1985-1990. On June 17, 2013, a trial court in Ohio rendered a decision awarding the government $473M in damages and penalties, plus prejudgment interest for a total judgment of approximately $664M. In its latest decision, the Sixth Circuit reversed the trial court’s judgment, noting that the government did not prove any damages, and remanded the case to the trial court to decide whether the government should have another opportunity to prove that it suffered any actual damages.
17:21 EDTCACA, Inc. sees FY15 total new product sales down in mid-single digits, y/y
In an interview published on the Internet on April 7, Michael Gregoire, the CEO of CA, Inc. inadvertently referenced certain performance metrics for the company's Enterprise Solutions segment. The statistics Gregoire cited were actually the company's total new product sales performance for fiscal years 2015, 2014 and 2013, with one clarification - while the company has not completed its year end close processes and audit, it expects that total new product sales for fiscal year 2015 will decline by an approximate mid-single-digit percentage when compared to fiscal year 2014, rather than the Enterprise Solutions segment being “pretty much flat” as referenced in the interview. The company previously reported total new product sales performance for fiscal years 2014 and 2013 in its Annual Reports on Form 10-K for those years. The company will report in full on these metrics for fiscal year 2015 when it releases its full fiscal year earnings.
15:19 EDTRHHBYRoche says receives European approval for Avastin plus chemotherapy
Roche announced that the European Commission approved Avastin -- bevacizumab -- in combination with standard chemotherapy for the treatment of adult patients with persistent, recurrent or metastatic carcinoma of the cervix. The EU approval was based on the significant survival benefit in the pivotal GOG-0240 study, which showed that women who received Avastin plus chemotherapy had a statistically significant 26% reduction in the risk of death, representing a median improvement in survival of nearly four months, compared to women who received chemotherapy alone.
09:13 EDTGEElectrolux sees GE Appliances deal closing in 2015
Electrolux (ELUXY) announced that results for the business area Major Appliances North America will be significantly lower than anticipated in Q1. Electrolux operations continue to be negatively impacted by the transition of the product ranges within refrigeration and freezers. This transition is a consequence of the new energy requirements imposed during the second half of 2014. Earnings are also affected by the ramp up of the cooking plant in Memphis, which has been slower than anticipated. Results for the business area in the first quarter 2015 will therefore be negative. A program to restore profitability and increase efficiency is under way. It will require most of 2015 before these actions will show full effect. The preparation work for the integration of GE Appliances (GE) is progressing well and Electrolux remains confident that the transaction will be closed in 2015. During the integration planning, additional synergies of $50M have been identified, in excess of the previously communicated $300M. Total cost synergies are now estimated to $350M.
April 7, 2015
10:43 EDTCAInformatica rises after agreeing to be taken private for $48.75 per share
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10:05 EDTGGGOn The Fly: Analyst Initiation Summary
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08:19 EDTAYIAcuity Brands announces partnership with Key Equipment Finance
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07:14 EDTRHHBYEyeforpharma to hold a summit
Philadelphia 2015 Commercial Pharma Summit is being held in Philadelphia on April 7-8.
06:31 EDTGGGGraco initiated with an Underperform at RBC Capital
Target $68.
April 5, 2015
18:47 EDTGEPart of GE Louisville facility catches fire, Reuters says
A section of General Electric's Louisville, Kentucky facility used for warehousing and offices caught fire on Friday, says Reuters. A company spokesperson said "The fire at GE Appliance Park has been contained," and there were no injuries from the incident, added Reuters. Reference Link
08:43 EDTGEAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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