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Stock Market & Financial Investment News

News Breaks
March 7, 2013
05:55 EDTBKW, BKW, PENN, PENN, CAR, CAR, IGT, IGT, MAR, MAR, RHP, RHP, BJRI, BJRIJPMorgan to host a forum
Gaming, Lodging, Restaurant & Leisure Management Access Forum is being held in Las Vegas on March 7-8.
News For BKW;PENN;CAR;IGT;MAR;RHP;BJRI From The Last 14 Days
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December 12, 2014
14:04 EDTPENNAtlantic City reports November gaming win down 10.3% to $202.5M
New Jersey reported total Atlantic City gaming win from current operators for the month of November was $202.5M, compared to the $181.7M for November 2013, reflecting an 11.5% increase. Total gaming win from the industry including discontinued operators reflects a 10.3% decrease compared to $225.7M in November 2013. As of November 30, 506,172 Internet gaming accounts have been created, up 5.7% from the 479,073 accounts as of October 31. For the month, Internet Gaming Win including discontinued operators was $8.7M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
13:36 EDTBKWRestaurant Brands completes Tim Hortons-Burger King transaction
Restaurant Brands International (QSR) announced the successful completion of the transaction with Tim Hortons (THI) and Burger King Worldwide (BKW). The transaction creates Restaurant Brands International, a new global quick service restaurant leader. As previously announced, Daniel Schwartz, formerly CEO, Burger King Worldwide has been appointed to the role of CEO, Restaurant Brands International. Marc Caira, formerly CEO, Tim Hortons will serve as Vice-Chairman of the board of directors of Restaurant Brands, which plans to announce the remaining leadership structure for the company on Monday, December 15. Effective as of the close of trading today, December 12, Tim Hortons common shares and Burger King Worldwide common stock will cease trading on the Toronto Stock Exchange and New York Stock Exchange. Restaurant Brands International common shares will begin trading on the Toronto Stock Exchange and New York Stock Exchange under the trading symbol "QSR" on Monday, December 15. Exchangeable units of Restaurant Brands International Limited Partnership, a subsidiary of Restaurant Brands International, will also commence trading on the Toronto Stock Exchange under the trading symbol "QSP" on Monday, December 15.
December 11, 2014
11:26 EDTBKWYum! higher after dealReporter highlights National Post story
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10:31 EDTCARAvis Budget, Inspirato sign exclusive partnership agreement
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December 10, 2014
16:44 EDTBKWOn The Fly: Closing Wrap
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10:00 EDTBKWOn The Fly: Analyst Upgrade Summary
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08:11 EDTBJRIBJ's Restaurants price target raised to $56 from $42 at Wunderlich
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07:44 EDTBKWBurger King, Tim Hortons and Restaurant Brands report transaction results
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06:58 EDTBKWBurger King upgraded at RBC Capital
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06:43 EDTBKWBurger King upgraded to Outperform from Sector Perform at RBC Capital
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December 9, 2014
14:28 EDTBKWTim Hortons shareholders approve proposed transaction with Burger King
Tim Hortons (THI) announced the company's shareholders have approved the transaction with Burger King Worldwide (BKW) that will create a new global quick service restaurant leader. Following approximately 99.2% approval of votes cast by THI shareholders, the two companies announced the name of the new parent company, Restaurant Brands International. The name reflects the new company's global scale and reach, which will include more than 18,000 restaurants operating in 100 countries under its two distinct, iconic brands. Upon close of the transaction, shares of Restaurant Brands International will be traded on the New York Stock Exchange and the Toronto Stock Exchange under the trading symbol "QSR." Units of Restaurant Brands International Limited Partnership are expected to trade on the Toronto Stock Exchange under the trading symbol "QSP." The transaction remains subject to customary closing conditions, including, among other things, approval and issuance of a final order of the Ontario Superior Court of Justice. The Ontario Superior Court of Justice hearing for the final order to approve the Arrangement is scheduled to take place on December 11, and completion of the Arrangement and related transactions is expected to occur on or about December 12.
10:35 EDTBKWTim Hortons to host special shareholder meeting
Special Shareholder Meeting to vote upon the proposed arrangement with Burger King Worldwide is being held on December 9 at 10 am. Webcast Link
December 8, 2014
10:47 EDTPENNPenn National management to meet with Wells Fargo
Dinner Meeting with Management to be held in New York on December 11 hosted by Wells Fargo.
07:09 EDTMARStarwood price target raised to $85-$90 from $77-$82 at Wells Fargo
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06:47 EDTBKWBurger King coverage resumed with a Buy at Goldman
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December 5, 2014
10:40 EDTIGTOptions with decreasing implied volatility
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10:18 EDTCARAvis 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.
10:00 EDTMARMarriott management to meet with JPMorgan
Meeting to be held in New York on December 9 hosted by JPMorgan.
09:30 EDTBKWBurger King enters JV in Poland, Greece, Romania
Burger King Worldwide announced the establishment of Burger King SEE S.A. as a joint venture to aggressively expand the BURGER KING brand presence and business in Italy, Poland, Greece and Romania. Burger King SEE S.A., the joint venture, has signed a long-term master franchise and exclusive development agreement, which includes sub-franchise rights for all of these markets. While the BURGER KING brand currently operates in Italy, Poland and Romania, the joint venture's plans include aggressive development of BURGER KING restaurants across Southern and Eastern Europe and the creation of more than 10,000 new job opportunities within the first five to seven years of the venture.
05:48 EDTBKWCanada approves Burger King acquisition of Tim Hortons
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