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Stock Market & Financial Investment News

News Breaks
March 19, 2014
10:57 EDTCWH, RDC, PBF, VRA, WLPHigh option volume stocks: CWH RDC PBF VRA WLP
News For CWH;RDC;PBF;VRA;WLP From The Last 14 Days
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September 22, 2014
09:02 EDTWLPWellPoint upgraded to Buy from Neutral at BofA/Merrill
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September 19, 2014
06:49 EDTWLPGovernment says 7.3M in private Obamacare plans, NY Times reports
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September 17, 2014
17:18 EDTRDCRowan Companies CFO J. Kevin Bartol retiring
Rowan Companies CFO & Treasurer J. Kevin Bartol has decided to leave the company to pursue other opportunities. Mr. Bartol will continue to serve until a successor is chosen and a smooth transition is completed. The company is conducting a search and intends to name Mr. Bartol's successor in short order. The company also announced that Melanie M. Trent has been promoted to Executive VP, General Counsel and Chief Administrative Officer and will assume responsibility for the Legal function, as well as retain responsibility for the Human Resources, Information Technology and Communications departments. Ms. Trent succeeds John L. Buvens, Jr. who is retiring.
15:41 EDTWLPUnitedHealth to replace WellPoint as Georgia SHBP provider, says Deutsche Bank
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14:43 EDTWLPUnitedHealth to replace WellPoint as Georgia SHBP provider, says Deutsche Bank
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13:34 EDTRDCRowan Companies downgraded to Hold from Buy at Societe Generale
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10:00 EDTVRAOn The Fly: Analyst Initiation Summary
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07:16 EDTVRAVera Bradley initiated with a Buy at Wunderlich
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September 15, 2014
17:04 EDTPBFPBF Logistics announces first asset acquisition from PBF Energy
PBF Logistics LP (PBFX) and PBF Energy(PBF) announced that the Partnership has entered into an agreement to acquire the Delaware City Heavy Crude Unloading Rack from a subsidiary of PBF for total consideration of $150M. The purchase price payable to PBF will consist of cash of $135M and PBFX limited partner interests of $15M. The drop-down acquisition is expected to close on or about September 30. The asset to be acquired is the newly-commissioned West Rack collocated with PBF Energy’s Delaware City Refinery and will continue to support the refinery going forward. The West Rack is capable of unloading unit trains at a throughput rate of over 40,000 barrels per day. It is equipped with steam and nitrogen facilities to facilitate the unloading of heavy crude oil, primarily originating in Canada, delivered by rail. The West Rack is also capable of discharging light crude oil. Upon closing, the Partnership plans to enter into a seven-year term throughput agreement with subsidiaries of PBF Energy containing a minimum throughput volume commitment of 40,000 barrels per day. The West Rack is expected to contribute approximately $15M of EBITDA in its first full year of operation after the close. Annual maintenance capital expenditures are expected to be approximately $1.25M. The cash consideration for the transaction will be funded by the sale of $30M in U.S. Treasuries that were purchased with proceeds from the Partnership’s May 2014 initial public offering and $105M in borrowings under the Partnership’s revolving credit facility. The number of Partnership common units to be issued to PBF will be based on the volume-weighted average daily closing price for the Partnership’s common units for the preceding 20 trading days, ending two trading days prior to signing the definitive agreement for the acquisition. The terms of the transaction were approved by the Board of Directors of the general partner of the Partnership and its Conflicts Committee, which is composed of independent directors and was advised by Tudor, Pickering, Holt & Co., its financial advisor, and Vinson & Elkins LLP, its legal counsel.
September 11, 2014
10:00 EDTVRAOn The Fly: Analyst Upgrade Summary
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08:50 EDTVRAVera Bradley upgraded to Outperform at RW Baird
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06:02 EDTVRAVera Bradley upgraded to Outperform from Neutral at RW Baird
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September 10, 2014
17:11 EDTPBFVenezuela's PDVSA seeks Citgo bids in potential $10B deal, Reuters says
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08:14 EDTVRAVera Bradley approves share repurchase plan up to $40M
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08:13 EDTVRAVera Bradley sees Q3 EPS 18c-20c, consensus 26c
Sees Q3 revenues $123M-$128M, consensus $126.71M.
08:12 EDTVRAVera Bradley backs FY15 EPS $1.00-$1.10, consensus $1.05
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08:10 EDTVRAVera Bradley reports Q2 EPS 19c, consensus 19c
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06:41 EDTPBFPDVSA aims for preliminary offers for Citgo by September-end, Reuters says
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September 9, 2014
15:30 EDTVRANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Manchester United (MANU), consensus ($2.00); Vera Bradley (VRA), consensus 19c; PMFG (PMFG), consensus (4c).
06:54 EDTWLPWellPoint still sees FY14 adjusted EPS over $8.60, consensus $8.71
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