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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:31 EDTEND, ROC, COF, WIN, BMTI, DAKT, BIDU, RRGB, AEG, NTSP, TSS, HOT, SIRO, SEE, SAI, OMX, CM, DK, ESRX, HFC, LLL, BCSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Barclays (BCS) downgraded to Neutral from Buy at Goldman... Canadian Imperial Bank (CM) downgraded to Underweight from Equal Weight at Barclays... Delek US Holdings (DK) downgraded to Market Perform from Outperform at Wells Fargo... Express Scripts (ESRX) downgraded to Neutral from Outperform at Macquarie... HollyFrontier (HFC) downgraded to Market Perform from Outperform at Wells Fargo... L-3 Communications (LLL) downgraded to Underperform at RBC Capital... OfficeMax (OMX) downgraded to Hold from Buy at BB&T... SAIC (SAI) downgraded to Neutral from Overweight at JPMorgan... SAIC (SAI) downgraded to Underperform from Sector Perform at RBC Capital... Sealed Air (SEE) downgraded to Underperform from Market Perform at Wells Fargo... Sirona Dental (SIRO) downgraded to Neutral from Outperform at RW Baird... Starwood Hotels (HOT) downgraded to Hold from Buy at Jefferies... Total System (TSS) downgraded to Hold from Buy at Jefferies... Windstream (WIN) downgraded to Sell from Neutral at UBS... BioMimetic (BMTI) downgraded to Neutral from Buy at Summer Street... OfficeMax (OMX) downgraded at BB&T... Daktronics (DAKT) downgraded to Neutral from Buy at Dougherty... Red Robin (RRGB) downgraded to Neutral from Buy at Davenport... Baidu (BIDU) downgraded to Underperform from Outperform at CLSA... AEGON (AEG) downgraded to Sell from Hold at ABN Amro... NetSpend (NTSP) downgraded to Neutral from Buy at SunTrust... Capital One (COF) downgraded to Neutral from Buy at Guggenheim... Rockwood (ROC) downgraded to Neutral from Buy at SunTrust... Endeavour (END) downgraded to Neutral from Accumulate at Global Hunter.
News For BCS;CM;DK;ESRX;HFC;LLL;OMX;SAI;SEE;SIRO;HOT;TSS;WIN;BMTI;DAKT;BIDU;RRGB;AEG;NTSP;COF;ROC;END From The Last 14 Days
Check below for free stories on BCS;CM;DK;ESRX;HFC;LLL;OMX;SAI;SEE;SIRO;HOT;TSS;WIN;BMTI;DAKT;BIDU;RRGB;AEG;NTSP;COF;ROC;END the last two weeks.
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August 29, 2014
06:53 EDTBCSBarclays loans $275M to finance Detroit bankruptcy, WSJ says
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06:38 EDTDK, HFCRising oil supplies pressuring prices, NY Times says
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06:34 EDTBIDUTencent, Baidu, Wanda organize $8.14M e-commerce venture, Reuters says
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August 28, 2014
06:35 EDTBCSEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
06:03 EDTCMCIBC to seek TSX approval to repurchase 8M shares
CIBC announced the intention to seek Toronto Stock Exchange, or TSX, approval for a normal course issuer bid that would permit the company to purchase for cancellation up to a maximum of 8M, or approximately 2% of outstanding common shares, over the next 12 months.
05:59 EDTCMCIBC reports Q3 adjusted EPS C$2.23 vs. $2.26 last year
CIBC's Basel III Common Equity Tier 1 ratio at July 31 was 10.1%. Reports Q3 book value per share C$43.02.
August 27, 2014
07:29 EDTRRGBStephens to hold a plane trip
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06:53 EDTBIDUWanda, Tencent, Baidu collaborate for $813M e-commerce venture, Reuters says
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August 26, 2014
16:32 EDTHOTStarwood appoints Thomas Mangas as CFO
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07:35 EDTDAKTDaktronics enters Q2 with solid backlog
Company said, "We are entering into the Q2 with a solid backlog and with a strong pipeline of opportunities. We continue to see our Live Events business sustaining the FY14 sales levels in FY15 due to the continued interest in large video systems in this marketplace. We also are optimistic in our Commercial spectacular business, with some increase in demand in our on premise and third party advertising applications. In International, we see opportunities for growth in all regions as compared to last fiscal year as activity levels are high worldwide. In the other units, we are seeing modest growth opportunities. We remain focused on continual improvement of the operation of our business, which directly impacts profitability. We are investing in quality and reliability systems in the manufacturing and supply chain areas; our investment in product development also continues as we focus on robust solutions for Sport, Advertising, and Transportation applications. For FY15 we plan to invest $25M for capital projects including the $4M expansion of our Minnesota manufacturing facility (nearing completion), new manufacturing equipment for various new product lines as well as machines upgrades, and in our information technology infrastructure."
07:33 EDTDAKTDaktronics reports backlog of $165M at the end of Q1
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07:31 EDTDAKTDaktronics reports Q1 EPS 20c, consensus 19c
Reports Q1 revenue $166.6M, consensus $152.25M.
August 25, 2014
12:51 EDTTSSTotal System management to meet with JMP Securities
Meeting to be held in the Mid-Atlantic area on September 2 hosted by JMP Securities.
11:26 EDTBIDUQihoo 360 falls despite better-than-forecast Q2 results, Q3 revenue guidance
Shares of Chinese internet and software company Qihoo 360 Technology (QIHU) are falling despite reporting second quarter results that beat analysts' estimates. The company also provided third quarter revenue guidance that exceeded estimates. WHAT'S NEW: Qihoo 360 reported Q2 adjusted earnings per share of 50c on revenue of $317.9M, which surpassed analysts' consensus estimates of 46c and $309.38M, respectively. For the quarter, operating income was $43.9M compared to $36.6M a year ago and $39.6M in the first quarter. Non-GAAP operating margin was 21.9% in Q2, compared to 36% in the year-ago period and 14.9% in Q1. The company said the sequential decline in non-GAAP operating margin was primairly due to increased marketing and promotional expenses, personnel-related costs and bandwidth and equipment depreciation expenses. Looking ahead, Qihoo 360 forecast Q3 revenue of $360M-$365M, which is slightly higher than analysts' consensus estimates of $357.39M. WHAT'S NOTABLE: Chairman and Chief Executive Officer Hongyi Zhou commented that the company is in an "excellent position" to grow its share of China's search market in both PC and mobile traffic and revenue. The company plans to make "significant" investments in the coming quarters to strengthen its brand and market position, and to improve our products and technology, particularly in mobile Internet-related areas. The executive noted that the company's share of Internet search traffic recently reached over 30%, citing third-party data, achieving a company target fourth months ahead of schedule. ANALYST OPINION: Jefferies defended Qihoo 360 shares following the company's Q2 results. Stifel analyst George Askew feels that Qihoo 360's Q2 revenue and operating margin results were "very good" and believes that many factors, including its 30% search query share, will help it sustain its search revenue growth. The firm maintains $168 price target and Buy rating. Bank of America analyst Eddie Leung said that he expects Qihoo 360's margins to get better gradually in the second half of the year since the company is looking to control expenses and realize synergies. He anticipates search to increase at a fast rate to make up 36% of total sales in FY16. Leung believes this should particularly offset the decline in game revenues this past quarter. Leung lowered his price target on Qihoo 360 to $121 from $123. PRICE ACTION: During late-morning trading, shares of Qihoo fell $6.62 or 6.51%, to $95.13. OTHERS TO WATCH: Chinese search market leader Baidu (BIDU) rose nearly 1.7% to $217.77.
August 20, 2014
17:14 EDTBCSBarclays settles Thornburg Mortgage lawsuit, WSJ says
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11:02 EDTWINWindstream downgraded to Neutral from Buy at DA Davidson
August 19, 2014
17:20 EDTROCOz Management reduces stake in Rockwood to 3.5% from 5.95%
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17:03 EDTWINWindstream COO Brent Whittington is resigning effective Sept. 1
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August 18, 2014
08:47 EDTWINRaymond James to hold a summit
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08:04 EDTSEESealed Air announces price increases in North America
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