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Stock Market & Financial Investment News

News Breaks
February 27, 2013
05:55 EDTBKS, BKS, WEN, WEN, SHLD, SHLD, RDC, RDC, ORN, ORN, KSS, KSS, IRM, IRM, DPZ, DPZ, CVC, CVC, WPX, WPXCompanies reporting Before the Market Open on Thursday, February 28
Notable companies reporting before the opening bell on Thursday include Barnes & Noble (BKS), Cablevision Systems (CVC), Domino's Pizza (DPZ), Iron Mountain (IRM), Kohl's (KSS), Orion Marine Group (ORN), Rowan Companies (RDC), Sears Holdings (SHLD), Wendy's (WEN), and WPX Energy (WPX).
News For BKS;CVC;DPZ;IRM;KSS;ORN;RDC;SHLD;WEN;WPX From The Last 14 Days
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July 28, 2015
07:29 EDTWPXSenate Banking, Housing & Urban Affairs Committee to hold a hearing
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July 27, 2015
06:20 EDTRDCU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
July 24, 2015
17:33 EDTBKSS&P announces changes to S&P 400, 500, and 600 indices
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11:50 EDTCVCCablevision Systems August volatility elevated into Q2 and outlook
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July 22, 2015
08:38 EDTSHLD, KSSNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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July 21, 2015
08:31 EDTIRMIron Mountain names Deirdre Evens as Chief People Officer
Iron Mountain (IRM) announced that Deirdre Evens has joined Iron Mountain as Chief People Officer. Evens will oversee global human resources, leading operations and strategy to support the company’s growth through recruitment, talent development, and compensation and benefits. Evens will serve as a member of the company’s senior executive team and report directly to Iron Mountain’s President and CEO William L. Meaney. Evens comes to Iron Mountain from environmental, energy, and industrial services company Clean Harbors (CLH), where she served as the executive vice president of human resources since 2011.
July 20, 2015
17:34 EDTWENWendy's completes purchase of 18.42M shares from Trian Group
As previously reported, on June 2, Wendy's and the Trian Group entered into a purchase agreement. At Wendy's request, the Trian Group agreed not to tender or sell any of their shares in the offer and instead agreed, pursuant to the purchase agreement, to sell a pro rata amount of their shares of common stock to the company at a purchase price per share equal to the purchase price determined and paid in the offer, following the completion of the offer. Pursuant to the purchase agreement, on July 17, the company acquired 18.42M shares of common stock, in the aggregate, from the Trian Group at a price of $11.45 per share, for an aggregate purchase price of approximately $210.9M. Trian Group currently holds approximately 19.56% of the outstanding shares of common stock. As such, the Trian Group has completed its previously announced plan to sell a sufficient number of shares to reduce its holdings in the company by at least 20% in order to avoid adverse federal income tax consequences in connection with the transaction. Following completion of the transaction, the Trian Group remains the company’s largest stockholder based on current share ownership information on file with the SEC. In addition, Nelson Peltz continues to serve as the chairman of the board of the company, Peter May continues to serve as vice chairman of the board of the company and Edward Garden continues to serve as a director of the company.
08:33 EDTBKSBarnes & Noble says Nook Consumer business president Verrina to leave company
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08:32 EDTBKSBarnes & Noble names Frederic Argir as Chief Digital Officer
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07:10 EDTRDCRowan Companies reports fleet contract status update as of July 20, 2015
Rowan Companies announced that its report of drilling rig status and contract information has been updated as of July 20, 2015. The company continues to estimate planned out-of-service time for the second quarter and full-year of 2015 to range from 3% to 6% for its jack-ups and drillships, subject to fleet repositioning and market conditions. No operational downtime is included in projected out-of-service days, but the company estimates jack-up operational downtime to account for approximately 2.5% of in-service days in current and future quarters. Rowan continues to expect drillship operational downtime to be approximately 5% after a break-in period of approximately six months up to one year. Out-of-service days are days where a rig is out-of-service and is not able to earn revenue. The company may be compensated for certain out-of-service days such as shipyard stays or transit periods preceding a contract. However, any such compensation is deferred and recognized over the period of drilling operations. Operational downtime is when a rig is under contract and unable to conduct planned operations due to equipment breakdowns or procedural failures. Unless otherwise indicated, all day rates on the fleet status include estimated amortization of contract mobilization/modification revenues. However, day rates exclude approximately $20 to $30 million of other miscellaneous aggregate annual revenue the company receives during rig operations. Day rates also exclude rebillable revenues which are equally offset by drilling expenses.
July 17, 2015
17:16 EDTWENWendy's completes previously announced share purchase from Trian
On July 17, The Wendy’s Company completed the previously announced purchase of 18,416,313 shares of its common stock, par value $0.10 per share, from Nelson Peltz, Peter W. May and Edward P. Garden , certain of their family members and affiliates, investment funds managed by Trian Fund Management and the general partner of certain of those funds at a purchase price of $11.45 per share, for an aggregate purchase price of approximately $210.9M.
10:05 EDTCVC, DPZOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Accretive Health (ACHI) downgraded to Market Perform from Outperform at Cowen... Allergan (AGN) downgraded to Outperform from Top Pick at RBC Capital... Best Buy (BBY) downgraded to Underperform from Buy at BofA/Merrill... Cablevision (CVC) downgraded to Hold from Buy at Jefferies... Credit Suisse (CS) downgraded to Hold from Buy at Deutsche Bank... Domino's Pizza (DPZ) downgraded to Sector Weight from Overweight at KeyBanc... First Quantum Minerals (FQVLF) downgraded to Neutral from Outperform at Credit Suisse... First Republic (FRC) downgraded to Market Perform from Outperform at FBR Capital... Fresenius SE (FSNUY) downgraded to Neutral from Buy at Goldman... Golden Minerals (AUMN) downgraded to Neutral from Buy at Roth Capital... JD Wetherspoon (JDWPY) downgraded to Reduce from Neutral at Nomura... NV5 Holdings (NVEE) downgraded to Neutral from Accumulate at Global Hunter... National Oilwell (NOV) downgraded to Sell from Neutral at UBS... Natural Gas Services (NGS) downgraded to Neutral from Buy at Global Hunter... Primoris (PRIM) downgraded to Neutral from Accumulate at Global Hunter... Receptos (RCPT) downgraded to Hold from Buy at Evercore ISI... SKF AB (SKFRY) downgraded to Hold from Buy at Deutsche Bank... STAG Industrial (STAG) downgraded to Sell from Neutral at UBS... SolarWinds (SWI) downgraded to Hold from Buy at Deutsche Bank... Syntel (SYNT) downgraded to Market Perform from Outperform at William Blair... TECO Energy (TE) downgraded to Neutral from Buy at UBS... Tangoe (TNGO) downgraded to Underweight from Equal Weight at Barclays... Tegna (TGNA) downgraded to Hold from Buy at Evercore ISI.
10:03 EDTWPXHigh option volume stocks
High option volume stocks: EWC DF WPX CLSN TE CMA SWI CE VRSN USG
07:30 EDTCVCCablevision downgraded to Hold from Buy at Jefferies
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06:31 EDTWPXWPX Energy 30M share Secondary priced at $10.10
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06:08 EDTDPZDomino's Pizza downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc downgraded Domino's Pizza to Sector Weight due to valuation following recent strength in shares.

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