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Stock Market & Financial Investment News

News Breaks
August 13, 2014
10:20 EDTARWR, EZCH, GFI, KATE, PRU, CPWR, ACM, CLH, SEASHigh option volume stocks
High option volume stocks: CLH CPWR SEAS ACM PRU KATE EZCH MUB ARWR GFI
News For CLH;CPWR;SEAS;ACM;PRU;KATE;EZCH;ARWR;GFI From The Last 14 Days
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December 12, 2014
08:41 EDTSEASSeaWorld CEO change could drive split interest, says FBR Capital
FBR Capital believes shares of SeaWorld could be worth up to $29 if the company were to spin off Busch Gardens into a separate public entity. FBR says the potential upside looks "compelling," but admits it does not think the board wants to split. However, it believes the CEO transition could spark greater investor interest in the idea. FBR keeps an Outperform rating on SeaWorld after the company announced that Jim Atchison is stepping down as CEO. It has a $20 price target for shares.
08:09 EDTPRUBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
06:03 EDTSEASSeaWorld says new restructuring program to include job cuts
SeaWorld said last night that it continues to advance its previously announced company-wide cost initiative, including its plan to deliver approximately $50M of annual cost savings by the end of 2015. As part of that plan, the company announced a restructuring program across its entire 11-park enterprise. "This effort will centralize some operations, reduce duplication of functions and increase efficiencies and accelerate execution. The restructuring will result in the loss of some positions, and the Company will offer severance benefits to those impacted," SeaWorld said.
December 11, 2014
18:14 EDTSEASOn The Fly: After Hours Movers
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16:05 EDTSEASSeaWorld names David D'Alessandro as Interim CEO
SeaWorld announced that, effective January 15, 2015, Chairman David F. D'Alessandro will serve as the company's interim CEO until the board selects a permanent successor to current CEO and president, Jim Atchison, who will become vice chairman of the board. D'Alessandro, who has been chairman of the company's board since 2010, will continue in that position. In addition, Atchison will serve as a consultant to the company with respect to international expansion and the company's conservation initiatives. The company will also nominate Atchison to serve as the chairman of the board of the not-for-profit, independent SeaWorld & Busch Gardens Conservation Fund. The board, which expects to complete the search in six to nine months, has engaged an executive search firm to assist in the search for Atchison's successor.
13:09 EDTARWRArrowhead mentioned positively by Agora Financial
Agora Financial believes investors can "double [their] money — virtually overnight." and have a "realistic chance" to make "up to 10 times [their] money" by investing in Arrowhead Research, according to a new research report from the firm. Arrowhead shares are up nearly 10% to $5.98 in afternoon trading. Reference Link
10:31 EDTPRUPrudential sees long-term target of 13%-14% top-tier ROE over cycle
Sees greater financial flexibility resulting from business momentum driving solid capital generation, increasing ratio of cash flow to adjusted operating income, and closed block restructuring.
10:30 EDTPRUPrudential sees FY15 EPS $9.60-$10.10, consensus $9.99
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10:29 EDTPRUPrudential sees 10 year US Treasury interest rate to rise to 2.97% by 2015-end
Sees FY15 effective tax rate of approximately 27%. Capital deployment will be supported by increasing ratio of cash flow to adjusted operating income. Sees year end 2015 leverage ratio to be within 25% target.
10:28 EDTPRUPrudential expects sustained low interest rate environment in 2015
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10:27 EDTPRUPrudential expects greater financial flexibility in 2015
Cites business momentum driving solid capital generation and enhanced closed block restructuring. This follows 2014 tailwinds that include equity market,s strong general account non-coupon investment income, favorable mortality experience and favorable case experience in retirement. Comments taken from slides for 2015 Financial Outlook Conference Call.
09:17 EDTSEASSeaWorld valuation compelling, says Credit Suisse
Credit Suisse said it remains comfortable with its Buy rating and $23 price target ton SeaWorld following a visit to Orlando. The analyst expects management cost cutting efforts to be implemented near-term and for the company to benefit from an improving consumer backdrop and rising industry fundamentals.
December 10, 2014
07:10 EDTACMAECOM to host investor day
Investor Day to be held in New York on December 16 at 11 am. Webcast Link
December 9, 2014
10:23 EDTKATEOn The Fly: Analyst Initiation Summary
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06:53 EDTKATEKate Spade initiated with an Equal Weight at Stephens
Target $33.
December 8, 2014
16:18 EDTCPWRCompuware shareholders approve acquisition by Thoma Bravo
Compuware announced that at the special meeting of Compuware shareholders held earlier, shareholders voted to approve the proposed definitive merger agreement with Thoma Bravo. The transaction follows a thorough review by the Compuware Board of Directors of strategic options for Compuware. More than 99% of the shares voting at the special meeting voted in favor of the adoption of the merger agreement. The CEO of Compuware, Bob Paul, stated, “The acquisition by Thoma Bravo provides a great value proposition for Compuware’s shareholders and we are very pleased with the level of support this transaction has received from our shareholders.” Upon completion of the merger, valued at approximately $2.4B, Compuware shareholders will have received an aggregate value of $10.75 per share for each share of Compuware common stock they own as of the effective time of the merger, which includes a net cash payment of $10.389188 per share of common stock as well as the per-share value of the Covisint shares distributed to holders of Compuware equity as of October 20, the record date for the Covisint spin-off. The companies currently expect the merger to be completed later this month, following the satisfaction or waiver of all conditions to the merger.
14:20 EDTPRUPrudential to host conference call
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08:23 EDTSEASCredit Suisse to hold a field trip
Timeshare & Theme Park Trip travels throughout Orlando, Florida on December 8.
08:21 EDTPRUSL Green Realty, Prudential Real Estate Investors form JV
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06:19 EDTEZCHEZchip management to meet with Benchmark
Meeting to be held in San Francisco on December 8 hosted by Benchmark.
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