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Stock Market & Financial Investment News

News Breaks
February 4, 2014
11:52 EDTJCP, WTW, BIDOptions with increasing implied volatility: UVXY BID WTW JCP SVXY
News For BID;WTW;JCP From The Last 14 Days
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April 24, 2014
08:26 EDTBIDSotheby's backs nominees, notes ISS rejected one of Third Point's nominees
Sotheby's issued a statement regarding a report by Institutional Shareholder Services, stating in part: "We believe that Sotheby's shareholders should vote for all of Sotheby's director nominees. We note that ISS rejected one of Third Point's nominees and recommends that shareholders vote for our Say on Pay proposal...Now is not the time to diverge from Sotheby's leadership and its strategic plan. We believe that replacing any of Sotheby's director nominees with Mr. Loeb or any of his handpicked nominees could negatively impact shareholder value."
08:07 EDTBIDISS supports two of Third Point's nominees for Sotheby's board
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April 23, 2014
17:28 EDTBIDSotheby's reports preliminary Net Auction Sales up 40% to $730M
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April 22, 2014
05:47 EDTJCPStocks with implied volatility movement; JCP CRM
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April 21, 2014
12:57 EDTBIDThird Point urges Sotheby's shareholders to support director nominees
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April 17, 2014
13:47 EDTBIDSotheby's issues presentation refuting Third Point's claims
Sotheby's issued an investor update presentation refuting claims made by Dan Loeb's Third Point, which holds a considerable stake in the company and is seeking to place members on the company's board, among other things. Sotheby's said, in part, that it has, "consistently delivered strong, long-term performance and is executing a clear strategy to drive continued growth and profitability." The company said that its FY13 revenue grew 11% with earnings growing 20%, and the company notes that Loeb has said the company did not have a strong FY13. Sotheby's said that it does not believe Loeb possesses the long-term focus necessary to drive value for all shareholders of the company. Shares of Sotheby's are unchanged in afternoon trade. Reference Link
April 15, 2014
07:38 EDTBIDLoeb says Sotheby's accusations 'misleading,' Reuters says
Activist investor Daniel Loeb, who is fighting to gain control of three board seats at Sotheby's, increased tension by saying that the current board has failed and that its accusations on him are "false" and "misleading," according to Reuters, citing comments from Loeb. Reference Link
April 11, 2014
14:26 EDTJCPCBL & Associates expects more J.C. Penney closures
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