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Stock Market & Financial Investment News

News Breaks
February 14, 2013
10:03 EDTFTI, TWC, ITRI, DAL, NVDA, CLF, END, MDT, H, DELL, LMT, DNDN, CTL, TRIP, PGR, ETR, ROK, HNZOn the Fly: Analyst Downgrade Summary
Today’s noteworthy downgrades include: Dell (DELL) downgraded to Hold from Buy at Brean Capital... Delta Air Lines (DAL) downgraded to Underweight from Equal Weight at Evercore... Entergy (ETR) downgraded to Sell from Neutral at UBS... Hyatt Hotels (H) downgraded to Market Perform from Outperform at FBR Capital... Itron (ITRI) downgraded to Hold from Buy at Brean Capital... Medtronic (MDT) downgraded to Neutral from Buy at Lazard Capital... Progressive (PGR) downgraded to Equal Weight from Overweight at Barclays... Time Warner Cable (TWC) downgraded to Sector Perform from Outperform at RBC Capital... TripAdvisor (TRIP) downgraded to Equal Weight from Overweight at Morgan Stanley... Endeavour (END) downgraded to Sell from Buy at Wunderlich... FMC Technologies (FTI) downgraded to Hold from Buy at Societe Generale... CenturyLink (CTL) downgraded to Neutral from Buy at Citigroup... Cliffs Natural (CLF) downgraded to Fair Value from Buy at CRT Capital... Heinz (HNZ) downgraded to Hold from Buy at Deutsche Bank... Dendreon (DNDN) downgraded to Sell from Hold at Maxim... NVIDIA (NVDA) downgraded to Hold from Buy at Needham... Rockwell Automation (ROK) downgraded to Market Perform from Outperform at Bernstein... Lockheed Martin (LMT) downgraded to Neutral from Outperform at Cowen.
News For DELL;DAL;ETR;H;ITRI;PGR;MDT;TWC;TRIP;END;FTI;CTL;CLF;HNZ;DNDN;NVDA;ROK;LMT From The Last 14 Days
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December 11, 2014
19:16 EDTHHyatt Hotels increases share repurchase authorization by $400M
Hyatt Hotels Corporation announced that the company's board authorized the repurchase of up to an additional $400M of the company's common stock. As of December 11, the company had approximately $465M available under its share repurchase authorization, including the $400M authorized on December 11.
10:02 EDTDALAmerican Express, Delta Air Lines announce multi-year partnership extension
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09:28 EDTDALDelta Air Lines targets annual EPS growth of 10%-15% after FY15
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09:18 EDTDALDelta Air Lines CEO says company is run on 'investment-grade metrics'
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09:05 EDTMDTMedtronic receives FDA approval for Attain Performa LV quadripolar leads
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07:47 EDTDALDelta Air Lines remains top pick among airlines, says UBS
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December 10, 2014
08:39 EDTPGRProgressive reports Nov. net premiums written up 9% to $1.3B
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06:00 EDTDALBarclays upgrades United, American amid lower oil prices
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05:39 EDTDALUnited Continental upgraded to Overweight from Underweight at Barclays
Barclays upgraded United Continental (UAL) two notches to Overweight from Underweight citing the benefits from lower oil prices. The firm raised its price target for shares to $76 from $52. The airliner closed yesterday down $1.73 to $62.52. Barclays also upgraded American Airlines (AAL) this morning to Overweight. Its top picks in the space are Spirit Airlines (SAVE), then American and United, followed by Delta Air Lines (DAL) and Southwest (LUV). It now has Overweight ratings on all four major U.S. airlines.
December 9, 2014
10:57 EDTDALDelta Air Lines volatility elevated into a company hosted investor meeting
Delta Air Lines December weekly call option implied volatility is at 64, December is at 43, January and February is at 37; compared to its 26-week average of 35 according to Track Data, suggesting large near term price movement into a company hosted investor meeting to be held on December 11.
10:23 EDTPGROn The Fly: Analyst Initiation Summary
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10:01 EDTLMTNorthrop Grumman selected by Lockheed Martin to supply navigation system
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09:52 EDTDALDelta Air Lines to host investor day
Investor Day to be held on December 11 at 8:30 am. Webcast Link
09:07 EDTETREntergy agrees to buy Union Power Station for $948M
Entergy announced that its subsidiaries, Entergy Arkansas, Entergy Gulf States Louisiana, and Entergy Texas have signed an agreement to acquire the Union Power Station near El Dorado, Arkansas. The station is owned by Union Power Partners, L.P., an independent power producer and wholly-owned by Entegra TC LLC. The Union Power Station, which entered commercial service in 2003, consists of four combined-cycle gas-fired generating units, or CCGTs, each rated at 495 MW. Under the Asset Purchase Agreement, Entergy Arkansas and Entergy Texas have each agreed to acquire one unit and Entergy Gulf States Louisiana has agreed to acquire two units. Entergy New Orleans will receive 20 percent of the output from the Entergy Gulf States Louisiana units via an at-cost purchase power agreement, subject to City Council of New Orleans approval. The plant purchase price is $948M, or $237M per unit, subject to adjustments. The purchase price is approximately half the cost to build a comparable new CCGT facility. The purchase is contingent upon, among other things, obtaining necessary approvals, including acceptable cost recovery, from the various federal and state regulatory authorities and the expiration of the waiting period under the Hart-Scott-Rodino antitrust law. The targeted closing date is late 2015. The total investment associated with this proposed plant acquisition, including the amounts associated with the purchase price, transaction costs, contingency and future investment in the plant and transmission upgrades, was generically included in the previously disclosed preliminary 2015 through 2017 capital plan for Entergy and the affected subsidiaries. In addition, the estimated earnings implications were reflected in the financial outlook of approximately 5%-7% compound annual average net income growth through 2017 (off 2013 base year) for the Utility business. Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including more than 10,000 megawatts of nuclear power, making it one of the nation's leading nuclear generators. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 14,000 employees.
07:32 EDTCTLUBS to hold a conference
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06:57 EDTPGRProgressive initiated with a Neutral at JPMorgan
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05:11 EDTHHyatt enters franchise agreement to open Hyatt Regency Naha, Okinawa
Hyatt Hotels announced that a Hyatt affiliate has entered into a franchise agreement with PHR Okinawa Hotel Management, a subsidiary of Ken Corporation, for a Hyatt Regency hotel in Naha, Okinawa. Expected to open in late 2015, Hyatt Regency Naha, Okinawa will mark the first Hyatt-branded hotel on the island of Okinawa, Japan.
December 8, 2014
14:36 EDTTWCTime Warner Cable CEO reports strong trends in October, November, says UBS
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09:03 EDTCTLCenturyLink awarded task order from Department of Homeland Security
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07:23 EDTTWCUBS to hold a conference
42nd Annual Global Media & Communications Conference is being held in New York on December 8-10 with webcasted company presentations to begin on December 8 at 8 am; not all presentations may be webcasted. Webcast Link
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