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Stock Market & Financial Investment News

News Breaks
September 2, 2012
12:47 EDTYUM, CMI, AMAT, AAPL, DOW, AA, GE, F, FCX, CATChinese manufacturing unexpectedly contracts, Bloomberg says
The Chines Purchasing Managers Index fell to 49.2 in August from 50.1 in July, as new orders contracted and output rose at a slower pace, reports Bloomberg. Reference Link
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May 20, 2013
17:12 EDTAAPLApple has avoided paying taxes on operations for five years, U.S. Senate says
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17:11 EDTAAPLApple Operations International has no physical presence, says Senator Levin
Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added.
16:02 EDTAAPLOptions Update; May 20, 2013
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15:19 EDTAAPLApple sees paying over $7B in taxes to U.S. in current fiscal year
Apple released testimony the company plans to give before the permanent subcommittee on investigations of the U.S. Senate tomorrow. In part, the company plans to state it expects to pay over $7B in taxes to the U.S. Treasury in its current fiscal year. Apple also contends it is "likely the largest corporate income tax payer in the US, having paid nearly $6B in taxes" to the U.S. in FY12. Reference Link
14:15 EDTFCXPlains shareholders approve Freeport-McMoRan acquisition
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12:04 EDTAAPLApple rumored to be testing OLED for iWatch, AppleInsider says
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10:45 EDTCATCaterpillar trends were weak in April, says Wells Fargo
Wells Fargo notes that Caterpillar's machines sales growth decelerated in April. The firm thinks that modest improvements in the company's overall trends may be mostly offset by North American machines sales deceleration, and it keeps a Market Perform rating on the shares.
09:42 EDTFCXPaulson & Co. issues statement regarding Freeport-Plains merger
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09:40 EDTAAPLActive equity option families trading
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09:03 EDTCATCaterpillar reports Power Systems retail down 5% in 3-months end April
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09:01 EDTCATCaterpillar reports April 3-month rolling period retail machine sales down 9%
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08:04 EDTDOWBofA/Merrill's U.S. chemicals analyst holds an analyst/industry conference call
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07:58 EDTAABofA/Merrill's metals and mining analysts hold analyst/industry conference call
Metals & Mining Analysts discuss the recently held 30th Annual BofAML Global Metals, Mining & Steel Conference on an Analyst/Industry conference call. Relevant companies BHP, RIO, VALE, BNX, CLF, NUE, AA and BTU may be included on the Analyst/Industry conference call to be held on May 20 at 9 am.
07:45 EDTCATWunderlich Securities to hsot a summit
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07:41 EDTFCXFreeport says to declare $1.00/share supplemental dividend after Plains deal
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07:41 EDTFCXFreeport says plans $1.5B in assets sales after Plains, McMoRan transactions
07:40 EDTFCXFreeport says to declare $1.00/share supplemental dividend after Plains deal
07:35 EDTFCXPlains Exploration declares special $3.00 per share dividend
Plains Exploration (PXP) announced that it has received the approval of Freeport-McMoRan Copper & Gold (FCX) under the merger agreement between the companies for PXP's Board of Directors to declare a special one-time cash dividend of $3.00 per share. Upon receipt of bank waivers under a credit facility that will terminate in connection with the merger, PXP's Board of Directors intends to declare the dividend to PXP stockholders as of May 30, the expected dividend record date. The dividend will be conditioned upon and paid immediately prior to the completion of PXP's merger with Freeport-McMoRan Copper & Gold.
07:05 EDTGEGeneral Electric volatility flat into plans to return $18B to holders
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06:31 EDTGEGE Capital board plans to pay $6.5B of dividends to parent GE in 2013
GE announced that the board of GE Capital Corporation, or GECC, had approved plans for GECC to pay $6.5Bin dividends in 2013 to GE. Earnings-dividend payments, which are subject to GECC Board and GE Board Risk Committee approvals, are planned at 30% of GECC's total 2013 earnings. GECC paid the first-quarter earnings-dividend of $447M to GE on April 19, 2013. In addition, GECC plans $4.5B in special dividends to GE in 2013, subject to the same approvals. Under its balanced capital allocation plan of investing for its long-term growth, maintaining an attractive dividend pay-out and repurchasing stock, GE plans to return $18B cash to its shareholders in 2013, including repurchase of $10B of stock.
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