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Stock Market & Financial Investment News

News Breaks
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
News For BID From The Last 14 Days
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November 21, 2014
10:34 EDTBIDSotheby's gaps up, runs higher, as CEO Ruprecht steps down
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09:17 EDTBIDOn The Fly: Pre-market Movers
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07:20 EDTBIDSotheby's CEO change positive, says Stifel
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November 20, 2014
17:28 EDTBIDSotheby CEO William F. Ruprecht to step down
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November 19, 2014
12:25 EDTBIDChanos says risks are rising for Sotheby's, Bloomberg reports
Bloomberg cites comments made by Jim Chanos of Kynikos Associates at the Sohn London conference. Shares of Sotheby's are down 1.5% in afternoon trading.
November 12, 2014
10:39 EDTBIDSotheby's contemporary art results 'decent,' says Barrington
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November 11, 2014
06:23 EDTBIDSotheby's sells Mellon collection pieces for $158.7M, WSJ reports
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November 10, 2014
08:10 EDTBIDSotheby's reports Q3 net auction sales up 26%
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08:08 EDTBIDSotheby's reports Q3 EPS (40c), consensus (38c)
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