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Stock Market & Financial Investment News

News Breaks
December 5, 2013
12:18 EDTCNXCONSOL Energy sees $1.3B pre-tax gain in Q4 on coal unit sale
CONSOL Energy announced that it has closed on its previously announced agreement to sell its Consolidation Coal Company subsidiary, which includes all five of its longwall coal mines in West Virginia, to a subsidiary of Murray Energy for $3.5B in value. The transaction was originally announced on October 28. CONSOL Energy expects to record approximately $1.3B of pre-tax gain during Q4 as a result of the transaction. The transaction is expected to generate a cash tax benefit to CONSOL Energy. In connection with the transaction, the company expects to reduce its administrative expenses by approximately $65M per year.
News For CNX From The Last 14 Days
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April 9, 2014
10:06 EDTCNXOn The Fly: Analyst Upgrade Summary
AmSurg (AMSG) upgraded to Buy from Hold at Cantor... CBOE Holdings (CBOE) upgraded to Buy from Neutral at BofA/Merrill... Carlyle Group (CG) upgraded to Outperform from Perform at Oppenheimer... FireEye (FEYE) upgraded to Buy from Hold at Topeka... Fortune Brands (FBHS) upgraded to Outperform from Neutral at Credit Suisse... Gray Television (GTN) upgraded to Outperform from Market Perform at Wells Fargo... Hibbett Sports (HIBB) upgraded to Overweight from Neutral at Piper Jaffray... LinkedIn (LNKD) upgraded to Buy from Hold at Topeka... Mallinckrodt (MNK) upgraded to Buy from Neutral at UBS... NXP Semiconductors (NXPI) upgraded to Strong Buy from Outperform at Raymond James... Nexstar (NXST) upgraded to Outperform from Market Perform at Wells Fargo... Penn National (PENN) upgraded to Overweight from Equalweight at Barclays... Philip Morris (PM) upgraded to Neutral from Reduce at Nomura... SAIC (SAIC) upgraded to Market Perform from Underperform at Wells Fargo... Sinclair Broadcast (SBGI) upgraded to Outperform from Market Perform at Wells Fargo... Yelp (YELP) upgraded to Buy from Fair Value at CRT Capital... Danaher (DHR) upgraded to Strong Buy from Buy at ISI Group... Quanex (NX) upgraded at BB&T... Omnicell (OMCL) upgraded at Craig-Hallum... Volkswagen (VLKAY) upgraded to Outperform from Market Perform at Bernstein... Magna (MGA) upgraded to Neutral from Sell at Citigroup... Actavis (ACT) upgraded to Positive from Neutral at Susquehanna... E-Trade (ETFC) upgraded to Neutral from Underperform at BofA/Merrill... AmerisourceBergen (ABC) upgraded to Outperform from Market Perform at FBR Capital... CONSOL (CNX) upgraded to Outperform from Neutral at Macquarie.
07:01 EDTCNXCONSOL upgraded to Outperform from Neutral at Macquarie
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April 8, 2014
07:56 EDTCNXCONSOL production update was solid, says Brean Capital
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April 7, 2014
16:06 EDTCNXCONSOL reports Q1 production 48.4 Bcfe
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April 2, 2014
12:20 EDTCNXCoal stocks higher after BHP executive signals confidence
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