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Stock Market & Financial Investment News

News Breaks
April 15, 2014
10:00 EDTYHOO, NXST, P, PIR, QLIK, QSII, LUV, TIF, VECO, V, MS, MDAS, MA, KEG, IM, EL, CTRX, CERN, CHS, C, ENOC, EQIX, CSLOn The Fly: Analyst Upgrade Summary
Carlisle (CSL) upgraded to Outperform from Market Perform at FBR Capital... Catamaran (CTRX) upgraded to Outperform from Perform at Oppenheimer... Cerner (CERN) reinstated with an Outperform at Raymond James... Chico's FAS (CHS) upgraded to Outperform from Market Perform at FBR Capital... Citigroup (C) upgraded to Outperform from Market Perform at Bernstein... EnerNOC (ENOC) upgraded to Overweight from Neutral at JPMorgan... Equinix (EQIX) upgraded at Oppenheimer... Estee Lauder (EL) upgraded to Conviction Buy from Buy at Goldman... Ingram Micro (IM) upgraded to Buy from Neutral at Citigroup... Key Energy (KEG) upgraded to Hold from Sell at Wunderlich... MasterCard (MA) upgraded to Buy from Neutral at Janney Capital... MedAssets (MDAS) reinstated with an Outperform at Raymond James... Morgan Stanley (MS) upgraded to Buy from Neutral at BofA/Merrill... Nexstar (NXST) upgraded to Outperform from Neutral at Wedbush... Pandora (P) upgraded to Buy from Hold at Maxim... Pier 1 Imports (PIR) upgraded to Overweight from Equalweight at Barclays... Qlik Technologies (QLIK) upgraded to Buy from Neutral at Mizuho... Quality Systems (QSII) reinstated with a Market Perform at Raymond James... Southwest (LUV) upgraded to Buy from Hold at Argus... Tiffany (TIF) upgraded to Overweight from Equal Weight at Stephens... Veeco (VECO) upgraded to Buy from Hold at Berenberg... Visa (V) upgraded to Buy from Neutral at Janney Capital... Yahoo (YHOO) upgraded to Outperform from Neutral at Macquarie.
News For CSL;CTRX;CERN;CHS;C;ENOC;EQIX;EL;IM;KEG;MA;MDAS;MS;NXST;P;PIR;QLIK;QSII;LUV;TIF;VECO;V;YHOO From The Last 14 Days
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October 8, 2014
08:46 EDTLUVSouthwest reports September RPMs up 5.1% to 8.3B
Southwest announced that the company flew 8.3 billion revenue passenger miles in September 2014, a 5.1% increase from the 7.9B RPMs flown in September 2013. Available seat miles increased 0.7% to 10.3B from the September 2013 level of 10.2B. The September 2014 load factor was 80.5%, compared to 77.1% in September 2013. For September, passenger revenue per ASM is estimated to have increased approximately 5% as compared to September 2013. For the third quarter of 2014, the Company flew 28.5B RPMs, compared to 27B RPMs flown for the same period in 2013, an increase of 5.6%. Third quarter 2014 ASMs increased 1.1% to 33.8B from third quarter 2013 ASMs of 33.4B . The third quarter 2014 load factor was 84.4%, compared to 80.8% for the same period in 2013.
08:09 EDTCSLCarlisle to host conference call
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08:06 EDTCSLGraco to sell liquid finishing business assets for $590M to Carlisle
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08:06 EDTCAstoria Financial appoints Hugh J. Donlon as Chief Lending Officer
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08:02 EDTCSLCarlisle acquires Graco Finishing Brands assets
Carlisle (CSL) announced the signing of a definitive agreement to purchase from Graco (GGG) and its subsidiary Finishing Brands their held separate liquid finishing business assets a $590M cash transaction. The Liquid Finishing Brands business is currently being held separate from Graco’s other businesses pursuant to an order of the U.S. Federal Trade Commission and Graco is required to sell the business within 180 days after entry of the FTC’s final divestiture order, which occurred on October 6. The transaction is expected to be accretive to Carlisle in the first year. Carlisle will include Liquid Finishing Brands in a new industry segment named Carlisle Fluid Technologies. The acquisition is subject to FTC and other regulatory approvals and certain other closing conditions.
07:20 EDTMSCapital Link to hold a forum
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07:13 EDTMS, CBank dealers agree to revised derivatives rules, FT reports
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06:56 EDTMSBarclays lists several Large-Cap banks with the most Q3 upside
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06:19 EDTYHOOYahoo lays off 400 employees in India, WSJ reports
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October 7, 2014
11:34 EDTCHSChristopher & Banks plummets after cutting Q3 revenue outlook
Shares of specialty women's apparel retailer Christopher & Banks (CBK) are sinking after the company lowered its third quarter revenue outlook. WHAT'S NEW: This morning, Christopher & Banks lowered its Q3 revenue outlook to $114M-$118M from its previous guidance of $122M-$124, trailing the consensus of $123.98M. The company also cut the top end of its Q3 margin forecast, lowering its margin growth outlook to 75-100 basis points from its prior view of 75-125 bps. SG&A dollars for the quarter are expected to be approximately $33.5M-$34M, below its prior guidance of $34M-$34.5M. Christopher & Banks expects its inventory at the end of the quarter will remain higher than the comparable prior year period on a dollar per square foot basis, but at a level lower than at the end of Q2, due to planned higher levels of core inventory. WHAT'S NOTABLE: The company believes sales have been negatively impacted by continued softness in mall traffic and lower than expected sales from its September fashion show. The company noted that the demand for fashion merchandise exceeded planned inventory levels, due to late receipts associated with the West Coast port disruptions. President and Chief Executive Officer LuAnn Via said in a statement, "We believe that the continued softness in traffic trends, coupled with the difficult overall retail environment, have adversely affected our sales as compared to our initial expectations for the quarter." She said the firm assumes promotional activity will continue to be aggressive and that the current environment will continue to be challenging, creating continued pressure on sales and margins. PRICE ACTION: In late morning trading, Christopher & Banks fell $2.69, or about 30%, to $6.40 on nearly four times its average daily trading volume. Despite today's pull-back, the shares have only lost approximately 2% over the past 12 months. OTHERS TO WATCH: Other specialty women's retailers include Chico's FAS (CHS), down 1.28%, Ann Inc. (ANN), down 2.1%, and L Brands (LB), down 1.13%.
10:02 EDTYHOOYahoo volatility at low end of one-year range
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09:40 EDTYHOOYahoo lays off up to 2,000 employees in India, TechCrunch reports
Yahoo has laid off up to 2,000 employees in India as a result of a move to consolidate into fewer offices, TechCrunch reports, citing local blog The Next Big What. Yahoo has confirmed the consolidation, but did not confirm how many people are affected by the effort. Reference Link
09:24 EDTYHOOFormer Yahoo CFO says AOL merger makes 'little sense,' CNBC reports
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09:17 EDTMSSecurities Industry & Financial Markets Association to hold a conference
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08:28 EDTCCitigroup October volatility increases into Q3 and revenue outlook
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07:35 EDTMDASBarclays to hold a symposium
MedTalks Symposium: Healthcare From the Inside Out is being held in New York on October 7.
07:28 EDTMS, CWells Fargo ups price target ranges for capital markets banks
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06:51 EDTMS, CJustice Department set to attack more large banks by year end, NY Times says
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06:49 EDTCBNP seeks assistance from banks as ban approaches, Reuters says
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06:02 EDTVVisa's CIO leaves company to join Charles Schwab, Re/code reports
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