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Stock Market & Financial Investment News

News Breaks
December 20, 2012
06:36 EDTVOD, BLK, NKE, TEF, FIIOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: BlackRock (BLK) and Federated Investors (FII) may shield their funds from a torrent of money that is expected to flood out of U.S. banks when a federal guarantee lapses on about $1.7T in bank deposits. The worry that cash pouring into the $2.65T money-fund industry will further depress record low yields. They could also close some money-market funds to new investors, sources say, the Wall Street Journal reports...Nike (NKE) locked in a guarantee with Oregon that ensures that the company's state taxes will be calculated in the same way for 30 years, regardless of any changes to state law. Nike will expand its presence in the state, making a capital investment of at least $150M and adding no fewer than 500 new jobs there by 2016, the Wall Street Journal reports...REUTERS: Russia’s President Vladimir Putin dismissed talk that he is suffering from health problems, Reuters reports...BLOOMBERG: Brent crude fell from its highest close in two weeks amid speculation that U.S. budget negotiations faltered. Futures slid as much as 0.6%, ending two days of gains. U.S. crude inventories last week were 15% above the five-year average, Bloomberg reports...In the U.K., Vodafone Group (VOD) and Telefonica SA (TEF) are among seven bidders in an auction for frequencies to carry faster mobile-phone services, Bloomberg reports.
News For BLK;FII;NKE;VOD;TEF From The Last 14 Days
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February 27, 2015
10:17 EDTBLKBlackRock invests $300M in Jawbone, Fortune reports
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February 26, 2015
08:50 EDTNKEKohl's says Nike sales up 24% at Kohl's stores in Q4
Kohl's (KSS) says number of transactions increased 2% in Q4. Says Nike (NKE) delivered 24% increase in Q4 sales. Expects about 900 stores to have new beauty format by end of year. Sees some margin pressure in Q1 from rollout of beauty products. Expects SG&A to increase more in Q1 than in the balance of the year. Says FY CapEx guidance includes $350M of IT spending, $250M for store strategies, $200M for base capital projects. Comments made on the Q4 earnings conference call.
08:46 EDTVODBofa European telecom analysts hold analyst/industry conference call
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February 25, 2015
06:18 EDTTEFTelefonica says 'embarking on period of growth,' WSJ reports
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February 24, 2015
10:00 EDTVODOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded to Neutral from Outperform at Macquarie... American Airlines (AAL) downgraded to Market Perform at Cowen... Armstrong World (AWI) downgraded to Hold from Buy at KeyBanc... Basic Energy (BAS) downgraded to Outperform from Strong Buy at Raymond James... CSC (CSC) downgraded at Stifel... Chevron (CVX) downgraded to Perform from Outperform at Oppenheimer... Choice Hotels (CHH) downgraded to Underweight from Equal Weight at Barclays... Eni SpA (E) downgraded to Underperform from Hold at Jefferies... Fifth Street Asset (FSAM) downgraded to Neutral from Outperform at Credit Suisse... HSBC (HSBC) downgraded to Neutral from Buy at UBS... Home Loan Servicing (HLSS) downgraded to Neutral from Overweight at Piper Jaffray... Huntington Ingalls (HII) downgraded to Underperform from Neutral at Credit Suisse... International Paper (IP) downgraded to Hold from Buy at Deutsche Bank... Kayne Anderson (KED) downgraded at Stifel... Landstar System (LSTR) downgraded to Hold from Buy at Deutsche Bank... Multi-Color (LABL) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Newmont Mining (NEM) downgraded to Neutral from Overweight at HSBC... ONEOK Partners (OKS) downgraded to Underweight from Neutral at JPMorgan... ONEOK (OKE) downgraded to Underweight from Neutral at JPMorgan... Olympic Steel (ZEUS) downgraded to Underperform from Neutral at Credit Suisse... Polypore (PPO) downgraded to Market Perform from Outperform at William Blair... Rosetta Resources (ROSE) downgraded to Equal Weight from Overweight at Stephens... Salix (SLXP) downgraded to Neutral from Buy at UBS... Sprint (S) downgraded to Sell from Neutral at BTIG... St. Jude Medical (STJ) downgraded to Underperform from Outperform at Credit Suisse... Timmins Gold (TGD) downgraded on lack of near-term production catalysts at RBC Capital... Transocean Partners (RIGP) downgraded to Underweight from Equal Weight at Barclays... Vodafone (VOD) downgraded to Underperform from Neutral at BofA/Merrill... Williams Partners (WPZ) downgraded to Neutral from Buy at Citigroup... Williams (WMB) downgraded to Neutral from Buy at Citigroup... Worthington (WOR) downgraded to Neutral from Outperform at Credit Suisse... Zillow Group (Z) downgraded at Macquarie.
06:49 EDTVODVodafone downgraded to Underperform from Neutral at BofA/Merrill
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February 20, 2015
09:23 EDTNKEGoldman sees select Apparel and Footwear opportunities due to FX risk
Goldman said translation currency exposure in the Apparel and Footwear has created volatility and opportunity to gain exposure to this theme. Goldman's analyst sees a positive near-term set-up for Nike (NKE) and Tiffany (TIF) and a negative set-up for Crocs (CROX) and Abercrombie & Fitch (ANF) and of upcoming earnings reports.
February 19, 2015
16:20 EDTFIIFederated Investors announces new 4M share repurchase program
Federated Investors announced that the company's board has authorized a new share repurchase program. The new program allows Federated to repurchase up to 4M additional shares of class B common stock in the open market with no stated expiration date. The repurchased stock is to be held in treasury for employee share-based compensation plans, potential acquisitions and other corporate activities. The company's existing share repurchase program, which also has no stated expiration date, remains in effect with approximately 300,000 shares available as of Feb. 5.
08:45 EDTFIIFederated Investors implements first adjustments to money market fund lineup
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08:30 EDTTEFBrazil regulators reach prelim deal on Telefonica, Vivendi merger, Reuters says
Brazil's antitrust regulator has reached a preliminary merger deal with Telefonica (TEF) and Vivendi (VIVHY) that sees the companies agreeing to "adopt measures to effectively assure supply, quality and competitive prices for fixed-line telephone, broadband internet and pay-TV markets," reports Reuters, citing an official gazette. The antitrust board must now also accept the agreement before the merger can take place. Reference Link
February 18, 2015
10:42 EDTNKEApparel makers beyond Perry Ellis seen hurt by port slowdown
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08:21 EDTVOD, TEFBofa European telecom equipment analysts hold analyst/industry conference call
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07:12 EDTBLKCFA Society of Minnesota to hold a discussion
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February 17, 2015
18:06 EDTVODPaulson & Co gives quarterly update on stakes
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February 16, 2015
19:13 EDTVODLiberty Global may become takeover target, NY Times says
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