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News Breaks | | | | January 28, 2013 | | 12:39 EDT |  | JOSB, CAT, KERX, MW, HES | On The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday as some positive durable goods data was offset by disappointing news about pending home sales in December. The Nasdaq was able to rise about 0.3% while the Dow and S&P lagged, but were not far in negative territory... ECONOMIC EVENTS: In the U.S., orders for durable goods rose 4.6% in December to a seasonally adjusted $230.74B, versus an expected increase of 2.0%. The Pending Home Sales report for December showed a decline of 4.3%, versus expectations for no change from the prior month. Also, over the weekend, China's National Bureau of Statistics released figures that showed industrial earnings grew 20.4% in Q4 after negative growth over the first three quarters of the year... COMPANY NEWS: Caterpillar (CAT) shares were up about 2% near noon in spite of reporting headline sales and profit figures that missed consensus and providing guidance for the upcoming year that spans a wide range of possible outcomes. The company's Q4 reported EPS of $1.04 missed the consensus forecast of $1.70, but included a previously disclosed charge of $580M, or 87c per share, for a writedown of a subsidiary. The company said it expects FY13 EPS anywhere between $7.00 to $9.00 and gave a similarly wide range of projected sales for the upcoming year, citing uncertainty in the global economy... MAJOR MOVERS: Among the notable gainers was Hess (HES), which rose 5% after the company said it has hired Goldman Sachs (GS) to pursue a sale of its terminal network. Hess also announced it has completed its exit of the refinery business and that shareholder Elliott Associates may seek to acquire additional Hess shares valued at more than $800M. Also higher was Keryx Biopharmaceuticals (KERX), which jumped over 73% after the company's successful top-line results from a long-term study of one of its drugs prompted research firms Brean Capital, Roth Capital and Maxim to raise their price targets on Keryx shares. Among the noteworthy losers was JoS. A. Bank (JOSB), which tumbled nearly 18% after warning that its FY12 net income would likely drop about 20% compared with the previous year. Also lower after its announcement were shares of fellow suit retailer The Men's Wearhouse (MW), which fell more than 6%... INDICES: Near noon, the Dow was down 11.18, or 0.08%, to 13,884.80; the Nasdaq was up 9.22, or 0.29%, to 3,158.93; and the S&P 500 was down 1.54, or 0.10%, to 1,501.42. | |
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News For CAT;HES;KERX;JOSB;MW From The Last 14 Days Check below for free stories on CAT;HES;KERX;JOSB;MW the last two weeks. |
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| May 24, 2013 | | 06:00 EDT |  | HES | Hess Corp. implied volatility at lower end of index mean range
| | | May 22, 2013 | | 09:42 EDT |  | CAT | Senate Committee on Foreign Relations to hold a hearing
The Committee holds a hearing entitled, "Different Perspectives on International Development" with Director of International Governmental Affairs Lane of Caterpillar (CAT) on May 22 at 10:30 am. Webcast Link | | | 06:01 EDT | | HES | Hess Corp. implied volatility at lower end of index mean range
| | | May 21, 2013 | | 10:22 EDT |  | CAT | Caterpillar to resume talks with steelworkers, WSJ says
 Subscribe for More Information | | | May 20, 2013 | | 10:45 EDT |  | CAT | Caterpillar 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. | | | 09:03 EDT |  | CAT | Caterpillar reports Power Systems retail down 5% in 3-months end April
Subscribe for More Information | | | 09:01 EDT | | CAT | Caterpillar reports April 3-month rolling period retail machine sales down 9%
Subscribe for More Information | | | 07:45 EDT | | CAT | Wunderlich Securities to hsot a summit
Subscribe for More Information | | | May 17, 2013 | | 11:59 EDT | | HES | Options with decreasing implied volatility: ILMN LO A HES INFY CSCO
| | | 05:21 EDT | | CAT | Caterpillar, Mining Machinery resolve all outstanding issues
Subscribe for More Information | | | | May 16, 2013 | | 19:01 EDT | | CAT | Caterpillar and Mining Machinery Limited announce settlement agreement
Subscribe for More Information | | | 13:36 EDT | | HES | Hess Corp. names three Elliott nominees to board
Hess Corporation announced voting results from its annual meeting of stockholders. Pursuant to the agreement between the company and Elliott Management, Elliott withdrew prior to the annual meeting all five of its nominees, and agreed to support the election of the Hess slate of five nominees. The board of directors also appointed three Elliott nominees to the board: Rodney Chase, Harvey Golub, and David McManus. | | | 10:58 EDT | | HES | Hess Corp. mentioned positively at Deutsche Bank
Subscribe for More Information | | | 09:19 EDT | | HES | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:34 EDT | | HES | Hess Corp., Elliot end proxy contest, three Elliot nominees to join board
Subscribe for More Information | | | 08:28 EDT | | HES | Hess Corp. to appoint three Elliott nominees to board, CNBC says
Subscribe for More Information | | | May 15, 2013 | | 17:36 EDT | | HES | Paulson gives quarterly update on stakes
Subscribe for More Information | | | 17:30 EDT | | JOSB | Relational Investors gives quarterly update on stakes
Subscribe for More Information | | | 17:09 EDT | | HES | Greenlight gives quarterly update on stakes
NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG). | | | 12:29 EDT | | HES | Hess Corp. removed from U.S. 1 List at BofA/Merrill
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