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Stock Market & Financial Investment News

News Breaks
August 20, 2014
10:04 EDTSXC, RBC, TDW, RGSE, PBH, GTAT, IDXX, BHP, HTZOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BHP Billiton (BHP) downgraded to Underperform from Neutral at Credit Suisse... GT Advanced (GTAT) downgraded to Underperform from Outperform at CLSA... Hertz (HTZ) downgraded to Hold from Buy at Deutsche Bank... IDEXX (IDXX) downgraded to Sell from Neutral at Northcoast... Prestige Brands (PBH) downgraded to Neutral from Buy at Sidoti... Real Goods Solar (RGSE) downgraded to Neutral from Buy at Roth Capital... Regal-Beloit (RBC) downgraded to Neutral from Buy at Longbow... SunCoke Energy (SXC) downgraded to Neutral from Outperform at Credit Suisse... Tidewater (TDW) downgraded to Market Perform from Outperform at Clarkson Capital.
News For BHP;GTAT;HTZ;IDXX;PBH;RGSE;RBC;SXC;TDW From The Last 14 Days
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December 15, 2014
09:31 EDTBHPRio, BHP looking to raise copper output, Reuters says
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08:34 EDTBHPBHP Billiton downgraded to Underperform from Sector Perform at RBC Capital
RBC Capital downgraded BHP Billiton as the firm believes that the outlook for the company's cash flow metrics is weaker than its peers. The firm questions the timing of the company's South32 spin off and Four Pillars initiative, given potential structural issues affecting iron ore and oil.
07:43 EDTRBCRegal-Beloit to host conference call
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07:35 EDTSXCSunCoke Energy to incur one-time cash costs of $25M-$35M related to plans
The company expects to incur one-time cash costs of $25 million to $35 million related to its plans to downsize its coal operations including: The previously disclosed estimated expense of approximately $10 million primarily related to contract terminations, which will be incurred primarily in fourth quarter 2014; Anticipated employee severance and other one-time costs to idle mines of $10 million to $15 million to be recognized in fourth quarter 2014 and early 2015; Expected capital expenditures of $5 million to $10 million in 2015 to demolish its coal preparation plant and install additional coal handling and storage to enable third-party coal purchases for its Jewell facility. In view of its Coal Mining business downsizing plans, SunCoke says "We expect to recognize non-cash charges related to worker's compensation, asset reclamation, black lung liability and other post-employment benefits liabilities. Further, we will also evaluate the recoverability of the long-lived assets of the Coal Mining business to determine if the carrying value of the assets is recoverable. Unrelated to the coal downsizing plans, we now estimate that due to anticipated changes in discount rates and claim approval rates our incremental black lung charge in the fourth quarter will be approximately $15 million versus our original estimate of $8 million."
07:34 EDTSXCSunCoke begins executing contingency plan to downsize coal mining business
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07:05 EDTRBCEmerson to sell Power Transmission Solutions unit to Regal-Beloit for $1.44B
Emerson (EMR) announced that it has agreed to sell its Power Transmission Solutions business unit to Regal Beloit Corporation (RBC). The transaction is valued at $1.44B, representing cash proceeds of $1.4B plus assumption of certain postretirement liabilities, and is expected to close in the first calendar quarter of 2015, subject to regulatory approvals. Proceeds will be used for incremental share repurchase in fiscal 2015.
07:03 EDTRBCRegal-Beloit to acquire Emerson PTS business for about $1.4B
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07:01 EDTRBCRegal-Beloit to acquire Emerson PTS business for about $1.4B
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December 14, 2014
14:11 EDTRBCEmerson near deal to sell business unit to Regal-Beloit, WSJ says
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December 11, 2014
10:13 EDTPBHOn The Fly: Analyst Initiation Summary
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08:16 EDTBHPBHP sees potash as focus for growth in China, WSJ reports
Mining giant BHP Billiton said it is focusing on potash as an area of strategic growth in China, with Mike Henry, a president for BHP saying potash "can be our fifth pillar, adding to the four key markets of iron ore, oil and natural gas, copper and coal that the company had identified previously, reported The Wall Street Journal. Other publicly traded companies in the potash space include Agrium (AGU), Intrepid Potash (IPI), Mosaic (MOS), Potash (POT). Reference Link
07:50 EDTPBHPrestige Brands initiated with an Outperform at Raymond James
Target $37.
December 10, 2014
15:08 EDTBHPFollow-up: BHP Billiton upgraded at CLSA
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15:05 EDTBHP, BHPBHP Billiton upgraded to Buy from Outperform at CLSA
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08:04 EDTIDXXIDEXX price target raised to $160 from $153 at Canaccord
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08:03 EDTHTZHertz expands across Europe with more than 80 branches in 2014
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December 8, 2014
06:11 EDTBHPBHP Billiton says new company to be called South32
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December 5, 2014
11:26 EDTPBHPrestige Brands management to meet with B. Riley
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10:18 EDTHTZAvis Budget and Hertz November data positive, says MKM Partners
MKM Partners said Manheim data for November was 123.3, above expectations and October's reading of 12.8. The firm said Manheim and other data is supportive of positive trends in the car rental industry.
06:24 EDTRBCRegal-Beloit to host investor day
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