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Stock Market & Financial Investment News

News Breaks
January 27, 2014
09:22 EDTMM, RCL, T, NWBO, RYN, VOD, YRCW, CSCO, CATOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Caterpillar (CAT), up 7%... Royal Caribbean (RCL), up 4%... .ALSO HIGHER: Rayonier (RYN), up 8.4% after earnings, announcing plan to separate into two public companies in mid-2014... Millennial Media (MM), up 8.8% after guiding to better than forecast Q4 preliminary pro forma revenue, appointing former Yahoo (YHOO) Chief Revenue Officer Michael Barrett to replace departing CEO Paul Palmieri... YRC Worldwide (YRCW), up 12% after announcing Teamsters approve agreement protecting 30,000 jobs... Northwest Biotherapeutics (NWBO), up 7% after expanding capacity for DCVax products. LOWER: Vodafone (VOD), down 2.3% after AT&T (T) files statement saying it does not intend to bid on the company... Cisco (CSCO), down 2.2% following downgrade at JPMorgan.
News For CAT;VOD;T;CSCO;RYN;RCL;YRCW;NWBO;MM From The Last 14 Days
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November 11, 2014
07:24 EDTTAT&T move will discourage others seeking in-flight Wi-Fi, says William Blair
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06:33 EDTRYNRayonier downgraded to Sector Perform from Outperform at RBC Capital
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06:05 EDTRYNRayonier downgraded to Sector Perform from Outperform at RBC Capital
05:59 EDTTAT&T implied volatility of 12 at lower end of index mean range
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November 10, 2014
16:44 EDTRYNOn The Fly: Closing Wrap
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15:29 EDTCSCOCisco November volatility increases into Q1 and outlook
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14:09 EDTTBoehner strongly opposes net neutrality
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13:14 EDTTAT&T not entering Inflight Connectivity space, RGN reports
AT&T (T) decided not to enter the inflight connectivity after deeming the space too risky, RGN reports, citing sources. AT&T confirmed in a statement to the website, "After a thorough review of our investment portfolio, the company decided to no longer pursue entry into the Inflight Connectivity industry." AT&T's entrance into the space was seen as possibly competitive threat to Gogo (GOGO). Reference Link
12:45 EDTTFullscreen to acquire Rooster Teeth, terms not disclosed, Reuters reports
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12:43 EDTTAT&T issues statement on White House Title II announcement
AT&T issued the following statement in response to the White House's announcement regarding Title II. AT&T executive VP Jim Cicconi said, "Today’s announcement by the White House, if acted upon by the FCC, would be a mistake that will do tremendous harm to the Internet and to U.S. national interests. It is a complete reversal of a bipartisan policy that has been in place since the Clinton Administration—namely, to treat Internet access as an information service subject to light-touch regulation. This classification of Internet service has been upheld by the Supreme Court and has enjoyed strong Congressional support for nearly a generation. Now, with one statement, the White House is telling the FCC to ignore this precedent and to instead impose on the entire Internet—from end to end—onerous government regulation designed in the 1930s for a Bell phone monopoly that no longer exists, not for a 21st century technology. This will have a negative impact not only on investment and innovation, but also on our economy overall. For a generation, the Internet has been an American success story. Light-touch regulation has encouraged levels of investment unprecedented by any industry and spawned incredible innovation. Today’s action puts all of that at risk—and puts it at risk not to remedy any specific harm that has occurred. Instead, this action is designed to deal with a hypothetical problem posed by certain political groups whose objective all along has been to bring about government control of the Internet. The White House is proposing to put the Internet and our economy at risk as a result of such political pressures. We feel the actions called for by the White House are inconsistent with decades of legal precedent as well as Congressional intent. Moreover, if the government were going to make such a momentous decision as regulating the entire Internet like a public utility, that decision is more properly made by the Congress and not by unelected regulators without any public record to support the change in regulation. If the FCC puts such rules in place, we would expect to participate in a legal challenge to such action.”
12:36 EDTRYNRayonier falls after restating Q1 and Q2 results, cutting dividend
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09:45 EDTTObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTTObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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08:22 EDTCSCO, TNetwork equipment makers slip after AT&T projects lower 2015 capital spending
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08:12 EDTTAT&T 2015 capex reduction negative for select stocks, says JPMorgan
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07:12 EDTCSCOCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
07:10 EDTRYNRayonier lowers future expected harvest volumes, cuts 2014 guidance
As a result of its internal review, the company is realigning its strategy to sustainably manage its timberland resources, support long-term sustainable cash flow generation, effectively allocate capital and drive long-term shareholder value. The company intends to actively manage its timberlands to maximize net present value over the long term by achieving an optimal balance among biological timber growth, generation of cash flow from harvesting activities, and responsible environmental stewardship. Going forward, Rayonier’s harvesting strategy is designed to produce a long-term, sustainable yield, although it may adjust harvest levels periodically to capitalize on then-current economic conditions in its markets. Rayonier intends to selectively pursue timberland acquisition opportunities that improve the average productivity of its timberland holdings and support cash flow generation from harvesting activities. In Forest Resources, Rayonier anticipates full-year results to be comparable to 2013, with stronger prices in the U.S. South offset by lower prices in the U.S. Pacific Northwest and New Zealand largely due to lower export demand in the second half of the year, and by a reduction in fourth quarter Northwest harvest volumes as Rayonier implements its new strategy for achieving long-term sustainable yield. In Real Estate, Rayonier now expects full-year results to be approximately 15% below 2013, based on the anticipated timing of land sale closings originally forecasted for late 2014. Beyond 2014, Rayonier anticipates that U.S. housing will continue its gradual recovery, sawlog prices will continue to strengthen, and demand for logs in Asia will be strong over the long-term, benefiting its U.S. Pacific Northwest and New Zealand operations. While Rayonier expects these trends to result in stronger product prices over time, Rayonier’s results will be impacted by significantly lower harvest volume in the Northwest and by a planned reduction in sales of non-strategic timberland, consistent with its new strategy.
07:07 EDTRYNRayonier reduces regular quarterly dividend to 25c from 30c
Rayonier’s board of directors declared a fourth quarter cash dividend of 25c per common share, payable on December 31, to shareholders of record on December 17. This represents a 17% reduction from the third quarter dividend of 30c per common share, reflecting Rayonier’s expectation of reduced cash available for distribution due to lower expected annual harvest levels, as well as reduced reliance on sales of non-strategic timberlands to augment cash flow generation.
07:06 EDTRYNRayonier restates financial results Q1, Q2
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07:04 EDTRYNRayonier reports Q3 EPS 27c, consensus 19c
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