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Stock Market & Financial Investment News

News Breaks
August 14, 2014
17:20 EDTIR, GNC, BK, MDLZ, PEP, TIF, ALLETrian Fund gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: Bank of New York Mellon (BK), Mondelez (MDLZ), PepsiCo (PEP), and Tiffany & Co (TIF). DECREASED STAKES: Allegion (ALLE), and Ingersoll-Rand (IR). LIQUIDATED STAKES: GNC Holdings (GNC).
News For BK;MDLZ;PEP;TIF;ALLE;IR;GNC From The Last 14 Days
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October 22, 2014
07:53 EDTPEPPressure on PepsiCo CEO may be lessened by Coca-Cola struggles, NY Post says
The position that PepsiCo (PEP) CEO Indra Nooyi supports of maintaining the tie-up of the company's snacks and beverages businesses was strengthened after rival Coca-Cola (KO) reported disappointing sales and lowered its outlook, which a "close industry observer" told The New York Post should take some of the Peltz pressure off Nooyi. Reference Link
07:09 EDTIRIngersoll-Rand sees Q4 continuing ops EPS 68c-72c, consensus 79c
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07:08 EDTIRIngersoll-Rand sees FY14 adjusted EPS $3.20-$3.24, consensus $3.24
Sees FY14 revenue up approx. 4%, consensus $12.84B. Restructuring expenses are expected to approximate (3c) per share. Free cash flow for full-year 2014 is expected to be in the range of $800M-$850M.
07:07 EDTIRIngersoll-Rand sees acquisition of Cameron assets closing before end of year
In August, the company (IR) announced that it entered into an agreement to acquire the assets of Cameron International Corporationís (CAM) Centrifugal Compression division for $850M. The acquisition is expected to close before the end of the year, subject to regulatory approval.
07:06 EDTIRIngersoll-Rand reports Q3 continuing ops EPS $1.10, consensus $1.04
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06:16 EDTBKBNY Mellon's Hong Kong unit to launch wealth management strategy, FT says
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October 21, 2014
15:35 EDTIRNotable companies reporting before tomorrow's open
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09:12 EDTGNCGNC, eBay, Vivendi recommended as long ideas by Sandler, Bloomberg reports
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October 20, 2014
14:46 EDTGNCVitamin Shoppe may hire adviser amid pressure for deal, Reuters says
Vitamin Shoppe (VSI), which has been urged by activist shareholders to consider a sale, is speaking to banks and may hire a financial adviser, according to Reuters, citing people familiar with the matter. Note that Reuters previously reported on September 18 that some large Vitamin Shoppe holders have urged the company to consider a sale to rival GNC Holdings (GNC) or to a private equity buyer. That same day, The Financial Times reported that GNC was considering a possible sale after receiving attention from private equity suitors. Following this latest report from Reuters, shares of Vitamin Shoppe are up 6.7% to $45.23 in afternoon trading, while GNC shares are up over 3% to $38.88. Reference Link
06:33 EDTBKBNY Mellon upgraded to Neutral from Sell at Goldman
Goldman upgraded BNY Mellon to Neutral based on balanced risk/reward and progress on costs. Price target is $34.
October 17, 2014
10:00 EDTTIFOn The Fly: Analyst Initiation Summary
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06:36 EDTBKBNY Mellon increasing high quality liquid assets in Q4
In Q4, BNY Mellon is continuing to reduce interbank placement assets and increasing its high quality liquid assets in the securities portfolio. The anticipated revenue as a result of these tactical actions should mitigate the impact on net interest revenue as a result of the European Central Bank's reduction in their deposit rate to negative, and the resulting impact on lower reinvestment rates across the euro yield curve; as well as, prolonged low reinvestment rates in the U.S.
06:34 EDTBKBNY Mellon reports Q3 EPS 93c, consensus 61c
Reports Q3 revenue $3.78B, consensus $3.98B. Reports Q3 book value per share $30.80. Reports Q3 Tier 1 capital ratio 15.8%. Reports Q3 AUM up 7% to $28.3T.
05:32 EDTTIFTiffany initiated with an Equal Weight at Barclays
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October 16, 2014
15:26 EDTBKNotable companies reporting before tomorrow's open
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10:01 EDTTIFOn The Fly: Analyst Upgrade Summary
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10:01 EDTALLEAllegion selects Xerox in five-year agreement
Allegion (ALLE) selected Xerox (XRX) to support the companyís IT infrastructure as part of a five-year agreement. Xerox will support Allegionís infrastructure by managing IT services.
08:10 EDTPEPPepsiCo should divest Quaker Foods, says Jefferies
Jefferies believes PepsiCo should divest its Quaker Foods North America business since the unit has been a drag on organic sales and operating income growth. The firm views a possible divesture as a potential share catalyst since it thinks such a move would be well received by investors. It keeps a Buy rating on PepsiCo with a $103 price target.
05:36 EDTTIFTiffany upgraded to Outperform from Neutral at Macquarie
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October 13, 2014
07:26 EDTPEPAB InBev has studied potential deal to acquire PepsiCo, Bloomberg says
Anheuser-Busch InBev (BUD), which has a history of growth via acquisition and has been speculated to be targeting peer SABMiller (SBMRY), has also studied whether a merger with PepsiCo (PEP) makes sense, according to Bloomberg, citing people familiar with the matter. The report added that one source said no talks between Anheuser-Busch and Pepsi are ongoing, no deal is imminent, and the scenario is among many that has been examined. The report also noted that Albert Fried views Monster Beverage (MNST) and Keurig Green Mountain (GMCR) as other suitable targets for AB InBev. Reference Link
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