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Stock Market & Financial Investment News

News Breaks
August 19, 2014
18:37 EDTHTZ, RGSE, TEDU, DGLY, LZBOn The Fly: After Hours Movers
NOTABLE REPORTERS: Digital Ally (DGLY), rose another 6.6% in after-hours trading after surging 94% intraday. DOWN AFTER EARNINGS: Real Goods Solar (RGSE), down 15.8% after reporting second quarter results, filing to sell 5.02M shares of Class A common stock, and announcing that it has promoted Dennis Lacey to CEO... La-Z-Boy (LZB), down 3.79% after reporting first quarter EPS below analyst estimates... Tarena International (TEDU), down 8.4% after reporting second quarter results and guidance for third quarter and fiscal 2014. ALSO LOWER: Hertz (HTZ), down 12% after withdrawing fiscal 2014 guidance.
News For DGLY;RGSE;LZB;TEDU;HTZ From The Last 14 Days
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November 14, 2014
10:02 EDTHTZHertz restatements to last into next year, says Wells Fargo
After speaking with management, Wells Fargo says Hertz's restatement process is likely to last through most of the first half of 2015. On the plus side, Wells notes that it confirmed vehicle fleet depreciation was not cited as an issue with the company's 2011-2013 restatements. The firm has an Outperform rating on the stock.
09:56 EDTHTZHertz falls on restatements, levels to watch
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09:38 EDTHTZJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
09:38 EDTHTZActive equity options trading
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09:16 EDTDGLYOn The Fly: Pre-market Movers
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08:20 EDTHTZHertz November volatility elevated into outlining new rental car strategy
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07:21 EDTHTZHertz: Lower revenue growth, higher directing expenses are transitionary
Interim CEO Brian MacDonald said, "We believe the lower revenue growth and higher direct operating expenses we are experiencing in 2014 are transitory, primarily associated with fleet and systems integration challenges related to the Dollar Thrifty acquisition as well as some execution issues. We are addressing the operational issues by strategically repositioning the fleet, hiring incremental sales and maintenance staff and migrating the Dollar and Thrifty financial and counter systems onto Hertz systems. Accordingly, 2015 will represent a transitional year with a more normal base performance becoming evident in 2016."
07:20 EDTHTZHertz sees FY14 corporate EBITDA $1.3B-$1.45B
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07:20 EDTHTZHertz reports Q3 revenue $3.12B, compared to $3.07B a year ago
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07:17 EDTHTZHertz to restate 2011, 2012, 2013 financial statements
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07:16 EDTHTZHertz to implement global cost reduction program
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07:16 EDTHTZHertz announces new U.S. rental car fleet strategy
Hertz announced a new fleet purchasing strategy to improve the U.S. rental car business's competitive position and customer experience. Hertz will purchase roughly 350,000 model year 2015 vehicles in the U.S., approximately 60% more than the model year 2014 vehicles. Approximately 25% of the model year 2015 fleet buy is being delivered in the fourth quarter of 2014. Approximately 70% of the U.S. operating fleet is expected to be risk vehicles in calendar year 2015 versus approximately 85% in 2014. As the company strategically transforms the U.S. fleet, the average U.S. risk-car holding period for 2014 and 2015 model year vehicles is expected to be substantially lower than the 2013 model year holding periods. To accelerate its fleet transformation, the company increased its fourth quarter U.S. risk vehicle dispositions by 45% versus plan, targeting its highest mileage vehicles. As of the end of October, approximately 40% of the sales planned for fourth quarter 2014 have been completed. For the full year 2014, U.S. car rental monthly depreciation per vehicle is expected to be approximately $280 - $300 per unit, which is higher than forecast primarily due to the accelerated disposition timeline and weaker residual values.
November 13, 2014
18:46 EDTDGLYDigital Ally reports Q3 adjusted EPS (23c) vs. (21c) last year
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15:07 EDTDGLYSEPTA to purchase Firstvu cameras from Digital Ally
The Southeastern Pennsylvania Transportation Authority, or SEPTA, is buying Firstvu hd complete kits with body cameras from Digital Ally, according to a post to the Pennsylvania Bid Network site. Reference Link
14:50 EDTHTZLonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTHTZLonestar capital to shut down, DJ reports
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09:47 EDTDGLYTexas legislator wants police to wear body cameras, KDFW says
A Texas state senator has proposed a bill that would have every patrol officer in the state wearing body cameras, according to Dallas local Fox affiliate KDFW. Companies that make body cameras for police include Taser (TASR), Digital Ally (DGLY), and GoPro (GRO). Reference Link
November 11, 2014
11:02 EDTDGLY Baltimore council passes police body camera bill, Baltimore Sun says
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November 10, 2014
17:27 EDTHTZHertz files to delay Form 10-Q
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November 7, 2014
14:18 EDTHTZHertz November volatility elevated
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