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Stock Market & Financial Investment News

News Breaks
December 27, 2012
06:10 EDTNDAQ, JCP, BBY, FTE, CBI, SHLD, WLP, TOSBF, RSHOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Home prices are on track to record their first yearly gain since 2006, the strongest performance since the housing bust and a development that could accelerate the real-estate rebound, the Wall Street Journal reports...While 2013 will be a tough year for retailers because of the weak economic recovery, a few in particular face a critical 12 months: Best Buy (BBY), RadioShack (RSH), Sears Holdings (SHLD) and J.C. Penny (JCP), the Wall Street Journal reports...REUTERS: This holiday season may have been the worst for retailers since the financial crisis, forcing many to offer massive post-Christmas discounts in hopes of shedding excess inventory. Shares of retailers declined yesterday, helping to pull down the broader indexes, as investors realized they were likely to be disappointed when companies start to report results, Reuters reports...Toshiba Corp. (TOSBF) is in talks with three parties, including Chicago Bridge and Iron Company (CBI), to sell a portion of its stake in its nuclear power unit Westinghouse, Reuters reports...BLOOMBERG: Nasdaq OMX Group (NDAQ), WellPoint (WLP) and France Telecom (FTE) are among 21 large companies facing potential goodwill write downs for underperforming acquisitions, Bloomberg reports...Global mergers and acquisitions jumped to the highest level in four years this quarter, as a surge in U.S. deals provided ground for optimism in what has been the worst year for takeovers since the financial crisis, Bloomberg reports.
News For BBY;RSH;SHLD;JCP;TOSBF;CBI;NDAQ;WLP;FTE From The Last 14 Days
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February 26, 2015
06:09 EDTSHLDSears reports Q4 EPS ($1.50), one estimate ($1.89)
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February 25, 2015
15:05 EDTSHLDNotable companies reporting before tomorrow's open
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11:02 EDTCBIChicago Bridge & Iron gaps up, runs higher, following earnings
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08:59 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
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07:12 EDTCBIChicago Bridge & Iron guidance cut less than feared, says Deutsche Bank
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February 24, 2015
18:15 EDTCBIOn The Fly: After Hours Movers
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16:12 EDTCBIChicago Bridge & Iron sees 2015 EPS $5.55-$6.05, consensus $5.63
Sees 2015 revenue $14.4B-$15.2B, consensus $14.35B. The company said, "We project less than 5 percent of our revenue from new bookings could be affected by timing risks associated with lower oil prices. Accordingly, we think it is prudent to marginally adjust our guidance to revenue of $14.4 billion - $15.2 billion and earnings per share of $5.55 - $6.05."
16:11 EDTCBIChicago Bridge & Iron reports Q4 adjusted EPS $1.47, consensus $1.44
Reports Q4 revenue $3.37B, consensus $3.43B.
06:48 EDTJCPPiper reiterates J.C. Penney as top pick for 2015
Piper Jaffray analyst Neely Tamminga reiterates J.C. Penney as a top pick for 2015 ahead of the retailer's year-end 2014 earnings report. Tamminga believes Penny's comp for February, the first month of its fiscal year, could be tracking up 4%. The analyst also thinks Penny management could express conviction in the retailer's plan to recapture share among moderate consumers on Thursday's earnings call. Tamminga has an Overweight rating on Penny with a $12 price target.
February 23, 2015
13:50 EDTCBIChicago Bridge & Iron February weekly volatility elevated into Q4 and outlook
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08:37 EDTCBIChicago Bridge & Iron price target lowered to $57 from $82 at Cowen
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February 20, 2015
14:46 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
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08:26 EDTRSHStandard General weighing bid to lead RadioShack out of bankruptcy, WSJ says
Hedge fund Standard General, which became the largest shareholder of now bankrupt RadioShack last year by taking a 9.9% stake, has discussed contributing about $75M toward a $200M bid for the new RadioShack, reported The Wall Street Journal, citing a person familiar with the matter. The report noted that such a deal would essentially trade a rescue loan the fund arranged and contributed to last year for an ownership stake. Reference Link
February 19, 2015
14:41 EDTJCPJ.C. Penney volatility elevated into Q4 and outlook
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08:19 EDTCBIChicago Bridge & Iron declares interim common stock dividend of 7c
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08:11 EDTCBIChicago Bridge & Iron receives polypropylene technology award in Egypt
CB&I has been awarded a contract by Carbon Holdings for the license and engineering design of a polypropylene unit to be built in Ain Sokhna, Egypt.
February 18, 2015
10:00 EDTJCPJ.C. Penney move higher attributed to real estate speculation
The move higher in shares of J.C. Penney (JCP) is being attributed to speculation the company may look to monetize its real estate assets. The speculation seems to be originating from a Jones Lang LaSalle (JLL) employee's webpage showing the retailer as a client. The JLL employee, Stephen Bridges, specializes in "assisting industrial users with the lease, purchase, and sale of real estate." It is not clear when Penny became a client of JLL. Shares of Penny rallied to a high of $8.50, and are trading up 16c to $8.29 in early trading. Reference Link
09:32 EDTBBYComarco files patent suit against Best Buy
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06:56 EDTWLPObamacare enrollment exceeded goal, Politico reports
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06:32 EDTNDAQBATS Global Markets to replace CEO ahead of possible IPO, WSJ says
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