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Stock Market & Financial Investment News

News For LEAP;XOM;BP;NOV;WYNN;ENDP;CIEN;ETH;IPAR;NDAQ;EZPW;CME;CLWR;ADBE From The Last 14 Days
Check below for free stories on LEAP;XOM;BP;NOV;WYNN;ENDP;CIEN;ETH;IPAR;NDAQ;EZPW;CME;CLWR;ADBE the last two weeks.
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August 27, 2014
06:22 EDTXOMExxon division pays $1.4M to settle Louisiana spill claims, Reuters says
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August 26, 2014
07:26 EDTWYNNMacau estimates lowered at Morgan Stanle
Morgan Stanley lowered Macau 2014 growth estimates to 6% from 12% and 2015 to 11% from 12.5% due to expectations for VIP trends to continue to deteriorate given the China macro impact and notes slowing mass growth rates.
August 25, 2014
09:26 EDTENDPEndo puts AMS medical-device unit up for sale, WSJ says
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06:42 EDTCMECME restarts electronic trading after mishap postpones open, Reuters says
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August 22, 2014
10:01 EDTIPAROn The Fly: Analyst Upgrade Summary
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06:39 EDTBPBP drops $9.3B on fuel stations, exploration in Australia, Bloomberg says
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06:07 EDTIPARInter Parfums upgraded to Buy from Neutral at Citigroup
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August 21, 2014
06:54 EDTWYNNWynn unit to spend $20M on Macau casinos design work, Macau Business says
Wynn Resorts' Wynn Macau unit is slated to spend $20.13M this year on design work for its casinos, Macau Business reports. This figure is double the amount the company originally planned. Reference Link
August 19, 2014
08:39 EDTNOVNational Oilwell price target raised to $100 from $92 at FBR Capital
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August 14, 2014
17:00 EDTNOVGreenlight Capital gives quarterly update on stakes
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11:40 EDTCIENCiena call activity attributed to takeover speculation
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11:11 EDTCIENRumor: Ciena strength attributed to takeover speculation
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10:05 EDTWYNNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Adidas (ADDYY) downgraded to Neutral from Buy at Goldman... Fabrinet (FN) downgraded at B. Riley... Freeport McMoRan (FCX) downgraded at Stifel... Infosys (INFY) downgraded to Hold from Buy at Jefferies... InterMune (ITMN) downgraded to Neutral from Buy at Goldman... Jones Energy (JONE) downgraded to Neutral from Overweight at JPMorgan... LVMH Moet Hennessy (LVMUY) downgraded to Neutral from Buy at Goldman... Madison Square Garden (MSG) downgraded to Hold from Buy at Topeka... Qualys (QLYS) downgraded to Sector Perform from Outperform at RBC Capital... SeaWorld (SEAS) downgraded to Market Perform from Outperform at Wells Fargo... Theravance Biopharma (TBPH) downgraded to Underperform from Neutral at RW Baird... URS Corporation (URS) downgraded to Neutral from Buy at Sterne Agee... ViaSat (VSAT) downgraded to Perform from Outperform at Oppenheimer... Wynn Resorts (WYNN) downgraded to Hold from Buy at Gabelli.
09:12 EDTWYNNWynn Resorts downgraded to Hold from Buy at Gabelli
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07:46 EDTENDPEndo valuation attractive, says Goldman
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06:18 EDTNDAQ, CMENASDAQ, CME Group eyes Barclays index division, Bloomberg says
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August 13, 2014
13:57 EDTWYNNNJ reports Atlantic City July gaming win down 7.7% to $274.3M
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11:27 EDTCIENJDSU falls after outlook disappoints, analyst downgrades
Shares of JDSU (JDSU), a provider of equipment to telecommunications service providers, are sharply lower after the company's fourth quarter results and first quarter guidance were reported last night. Following the report, the stock was downgraded this morning at two Street research firms. WHAT'S NEW: Last night, JDSU reported fourth quarter adjusted earnings of 14c per share, beating the consensus forecast by 1c, on revenue of $448.6M, which topped the consensus $436.8M view. However, JDSU expects revenue to be $405M-$425M in its first quarter and sees Q1 EPS of 8c-12c, which fell short of consensus of about $441M and 14c, respectively. JDSU's President and CEO Tom Waechter said, "Looking ahead to fiscal 2015, we believe there are strong market drivers across our three business segments, and that we are well positioned with differentiated products and solutions to support our customers as they transition to Software Defined Networks, Network Function Virtualization and more dependency on cloud infrastructure. We continue to lead in our core network and anti-counterfeiting markets and I am pleased with the momentum we are building in our commercial lasers business on the strength of our highly differentiated fiber laser product line." ANALYST OPINION: Following the company's report, B. Riley analyst Dave Kang cut his rating on JDSU shares to Neutral from a Buy rating, citing near-term uncertainties in the North American telecom market. Kang pointed to two events contributing to that uncertainty, namely an architectural shift to SDN, or Software Defined Networking, and AT&T's (T) planned merger with DirecTV (DTV). The analyst acknowledged previously underestimating the potential impact of the SDN shift on the telecom equipment industry and noted that appears to be impacting JDSU's NSE business more than its optical component unit. Kang prefers Finisar (FNSR) over JDSU given the current environment, noting that about 70% of Finisar's sales come from the datacom sector. Kang lowered his price target on JDS Uniphase shares to $11.75 from $15.50. Piper Jaffray analyst Troy Jensen also downgraded JDSU following its report, lowering his rating on the stock to Neutral from Overweight. Jensen also said the company's worse than expected guidance indicates softer Telco spending and he believes JDSU will have trouble showing significant revenue acceleration even if the optical upgrade cycle starts to ramp up. Piper lowered its price target on the stock to $12 from $14. OTHERS TO WATCH: Other providers of telecom equipment include Ciena (CIEN) and Infinera (INFN). PRICE ACTION: In morning trading, shares of JDSU fell $1.12, or 9.4%, to $10.78. Meanwhile, shares of Finisar were down nearly 2% to $19.58, Ciena slipped 1.5% to $18.92 and Infinera was fractionally higher at $9.09.
08:54 EDTEZPWEZCORP appoints Kuchenrither CEO
EZCORP announced its new senior executive management team, with the addition of Stuart Grimshaw as executive chairman, the repositioning of Lachlan Given as executive vice chairman and the appointment of Mark Kuchenrither as president and CEO. Kuchenrither, who has been serving as Interim president and CEO since July will assume the president and CEO role effective immediately. Until the company hires a new CFO, Kuchenrither will continue to serve in that role as well.
07:39 EDTWYNNBofA/Merrill lowers Macau forecasts
BofA/Merrill lowered its 2014 Macau gross gaming revenue forecast to +5% year-over-year from +12% due to a slowdown in July mass trends. As a result, the firm lowered Las Vegas Sands' (LVS) price target to $88 from $95 and Wynn Resorts' (WYNN) to $260 from $270.
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