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Stock Market & Financial Investment News

News Breaks
January 16, 2014
07:59 EDTCNI, CP, BRK.A, TRN, ARII, GBXRegulators knew about crude-by-rail risks before crashes, NBC says
Regulators knew about issues like overloading and mislabeling that could increase the risk of shipping crude oil by rail since as early as Fall 2011, documents obtained by NBC News show. Train operators that offer crude-by-rail services include Canadian National (CNI), Canadian Pacific (CP) and BNSF, part of Berkshire Hathaway (BRK.A). Manufacturers of of rail tankcars include Trinity Industries (TRN), American Railcar (ARII), and Greenbrier (GBX). Reference Link
News For A;TRN;ARII;GBX From The Last 14 Days
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October 21, 2014
07:46 EDTTRNTrinity Industries price target lowered to $55 from $60 at UBS
UBS lowered its price target on Trinity Industries to $55 from $60 following a jury verdict awarding $175M in damages and the potential for the award of treble damages under the False Claims Act. The firm expects Trinity to appeal the decision and believes the shares have already priced in headline risk. UBS is maintaining its Buy rating on Trinity, as the firm believes the company is best positioned to benefit from rising railcar orders.
05:56 EDTTRNStocks with implied volatility movement; EWZ TRN
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October 20, 2014
16:09 EDTTRNTrinity Industries provides statement on jury verdict
A jury in the U.S. District Court for the Eastern District of Texas returned a verdict against Trinity Industries in a False Claims Act case. The jury awarded $175M in damages. The company respects the jury's decision. However, Trinity believes the decision cannot and will not withstand legal scrutiny. The company strongly believes the courts will affirm its position.
15:56 EDTTRNJury finds Trinity defrauded government over guardrails, Bloomberg reports
A jury ruled Trinity Industries defrauded the government out of $175M by making cost cuts to its highway guardrail system and making the system more dangerous in the process, as alleged by a whistleblower, reported Bloomberg. Total liability may reach as much as $1B, as the damages to be awarded against the company will be tripled and added to a penalty to be determined by the judge, the report noted. Shares of Trinity are down over 10% to $32.39 in late afternoon trading following the ruling. Reference Link
15:25 EDTTRNTrinity Industries falls 9% following report of trial loss
15:25 EDTTRNTrinity Industries loses lawsuit over guardrails, Bloomberg reports
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14:06 EDTTRNTrinity Industries second guardrail trial goes to jury, Bloomberg says
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07:10 EDTAAmerican Society of Human Genetics to hold annual meeting
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October 14, 2014
13:05 EDTAAgilent sees FY15 revenue declining $20M-$30M due to NMR business closure
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13:03 EDTAAgilent sees Q4 EPS 87c-91c, consenssus 89c
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13:02 EDTAAgilent to close Nuclear Magnetic Resonance business
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08:32 EDTTRNTrinity Industries valuation attractive opportunity, says KeyBanc
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06:17 EDTGBXGreenbrier conducting investigation into whistleblower claim
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October 10, 2014
07:41 EDTTRN, GBXRail supply names should be bought on recent weakness, says Wells Fargo
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06:46 EDTGBXGreenbrier recent weakness overdone, says BofA/Merrill
BofA/Merrill said recent weakness and concerns for Greenbrier are overdone. The firm sees no threat from regulatory changes and said recent orders are strong. Shares are Buy rated.
October 9, 2014
17:46 EDTGBXGreenbrier urges prompt regulatory action to require safer tank cars
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October 8, 2014
12:20 EDTGBXGreenbrier shares defended at Sterne Agee
10:06 EDTARIIStephens transportation analysts hold an analyst/industry conference call
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