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Stock Market & Financial Investment News

News Breaks
July 31, 2014
20:25 EDTPNM, PNM, PBF, PBF, BERY, BERY, CBOE, CBOE, WETF, WETF, RUTH, RUTH, SPR, SPR, GWR, GWR, NGLS, NGLS, BKW, BKW, CTRX, CTRX, HLT, HLT, POM, POM, CLX, CLX, WY, WY, HCN, HCN, PG, PG, CVX, CVXNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Chevron (CVX), consensus $2.66; Procter & Gamble (PG), consensus 91c; Health Care REIT (HCN), consensus $1.02; Weyerhaeuser (WY), consensus 35c; Clorox (CLX), consensus $1.35; Pepco Holdings (POM), consensus 26c; Hilton Worldwide (HLT), consensus 19c; Catamaran (CTRX), consensus 51c; Burger King (BKW), consensus 23c; Targa Resources Partners (NGLS), consensus 44c; Genesee & Wyoming (GWR), consensus $1.11; Spirit AeroSystems (SPR), consensus 68c; Ruth's Hospitality (RUTH), consensus 20c; WisdomTree Investments (WETF), consensus 7c; CBOE Holdings (CBOE), consensus 50c; Berry Plastics (BERY), consensus 37c; PBF Energy (PBF), consensus 67c; PNM Resources (PNM), consensus 37c.
News For CVX;PG;HCN;WY;CLX;POM;HLT;CTRX;BKW;NGLS;GWR;SPR;RUTH;WETF;CBOE;BERY;PBF;PNM From The Last 14 Days
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December 10, 2014
06:43 EDTBKWBurger King upgraded to Outperform from Sector Perform at RBC Capital
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06:37 EDTGWRGenesee & Wyoming initiated with a Neutral at Nomura
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December 9, 2014
18:09 EDTCVXChevron FY15 CapEx plan delayed until 2015, Bloomberg says
Due to the recent slump in crude oil, Chevron will delay the release of its 2015 capital expenditure plan until early 2015, Bloomberg reports, citing a telephone interview with a company spokesperson. Reference Link
18:02 EDTPNMPNM Resources increased dividend 8.1% to 20c
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14:28 EDTBKWTim Hortons shareholders approve proposed transaction with Burger King
Tim Hortons (THI) announced the company's shareholders have approved the transaction with Burger King Worldwide (BKW) that will create a new global quick service restaurant leader. Following approximately 99.2% approval of votes cast by THI shareholders, the two companies announced the name of the new parent company, Restaurant Brands International. The name reflects the new company's global scale and reach, which will include more than 18,000 restaurants operating in 100 countries under its two distinct, iconic brands. Upon close of the transaction, shares of Restaurant Brands International will be traded on the New York Stock Exchange and the Toronto Stock Exchange under the trading symbol "QSR." Units of Restaurant Brands International Limited Partnership are expected to trade on the Toronto Stock Exchange under the trading symbol "QSP." The transaction remains subject to customary closing conditions, including, among other things, approval and issuance of a final order of the Ontario Superior Court of Justice. The Ontario Superior Court of Justice hearing for the final order to approve the Arrangement is scheduled to take place on December 11, and completion of the Arrangement and related transactions is expected to occur on or about December 12.
13:36 EDTPNMPNM Resources to host analyst meeting
Analyst meeting to be held in New York on December 15 at 11 am. Webcast Link
13:16 EDTSPRSpirit AeroSystems price target raised to $57 from $48 at Cowen
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10:35 EDTBKWTim Hortons to host special shareholder meeting
Special Shareholder Meeting to vote upon the proposed arrangement with Burger King Worldwide is being held on December 9 at 10 am. Webcast Link
10:34 EDTSPRSpirit AeroSystems downgraded to Hold from Buy at Standpoint Research
09:38 EDTWETFWisdomTree downgraded to Neutral from Buy at Sidoti
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08:45 EDTPBFSnow Capital Management reports 5.2% passive stake in PBF Energy
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07:46 EDTSPRTriumph Group to host a conference call
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07:31 EDTSPRTriumph to take over production of Gulfstream G650, G280 wing programs in Tulsa
Triumph Group (TGI) announced the signing of a definitive agreement with Spirit AeroSystems Holdings (SPR) which Triumph will take over production of the Gulfstream G650 and G280 wing programs located in Tulsa, Oklahoma. The transaction is targeted to close by calendar year end, subject to customary closing conditions. Under the terms of the agreement, Triumph will receive $160M in cash plus assets required to run the business from Spirit to cover the anticipated future cash flow needs of the programs, with no additional capital contributions expected by Triumph. The company expects the programs to be initially cash flow negative, with operating cash requirements anticipated to decrease over the first three years and becoming cash flow positive in year four. The business will be included in the Aerostructures Group segment and is expected to add approximately $250M in annual revenue and to be immediately accretive to Triumph’s earnings per share upon closing, reflecting initial estimates of purchase accounting adjustments and excluding synergies resulting from the transaction and transaction related expenses. Upon the close of the transaction, production will continue out of Spirit’s Tulsa facility and Triumph will look to utilize its manufacturing experience, resources and wing design engineering capabilities as appropriate to supplement the Tulsa operations. The company will focus on optimizing the build process and cost structure of the programs, and has identified opportunities for engineering, supply chain and labor enhancements.
06:39 EDTWYNorbord, Ainsworth merger positive for Weyerhaeuser, says Citigroup
Citigroup views yesterday's merger announcement from Norbord and Ainsworth Lumber as positive for Weyerhaeuser (WY) and the oriented strand board market. Citi expects positive OSB earnings momentum for Weyerhaeuser as prices rebound in 2015-2016. Shares were up 58c yesterday to $36.11. Shares of Louisiana-Pacific (LPX), which attempted to acquire Ainsworth in 2013, rallied $1.33 to $16.83.
06:22 EDTSPRBoeing sees strong demand for commercial airplanes in 2015
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December 8, 2014
19:01 EDTCVXChevron subsidiary acquires three blocks offshore New Zealand
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11:30 EDTCTRXLeerink generics pharmaceutical analyst holds analyst/industry conference call
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09:09 EDTCLXClorox management to meet with JPMorgan
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07:53 EDTCVXClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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06:47 EDTBKWBurger King coverage resumed with a Buy at Goldman
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