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Stock Market & Financial Investment News

News Breaks
January 16, 2013
15:16 EDTBPFH, PLXS, KMP, KMI, CLC, PCBK, FUL, EBAY, CVBF, KMR, SLMCompanies reporting After the Market Close on Wednesday, January 16th
Notable companies reporting after the bell include Boston Private Financial (BPH), Clarcor (CLC), CVB Financial (CVBF), eBay (EBAY), H.B. Fuller (FUL), Kinder Morgan (KMI), Kinder Morgan Energy (KMP), Kinder Morgan Management (KMR), Pacific Continental (PCBK), Plexus (PLXS) and SLM Corp. (SLM).
News For EBAY;KMI;SLM;FUL;KMP;KMR;PCBK;PLXS;CVBF;CLC;BPFH From The Last 14 Days
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November 25, 2014
13:16 EDTEBAYAngie's List retreats after Amazon reportedly launches local services site
Shares of Angie's List (ANGI) are sinking after The Wall Street Journal reported this morning that Amazon.com (AMZN) had launched a website that will connect consumers to local service providers. Angie's List connects users to local contractors and publishes consumers' reviews of contractors. WHAT'S NEW: Amazon.com launched its website featuring information about local contractors in New York, Los Angeles, and Seattle, The Journal reported, citing an unnamed source who was briefed on the company's plan. Called Amazon Local Services, the website is part of the e-commerce giant's attempt to compete with traditional stores, The Journal said. WHAT'S NOTABLE: Reuters reported last June that Amazon planned to launch a local services website. Last month, research firm Wunderlich said that Angie's List could be a logical takeover target for Amazon or eBay (EBAY). Wunderlich issued its note after The Financial Times reported that Angie's List had hired bankers to help it explore strategic options, including a possible sale of the company. ANALYST REACTION: In a note to investors today, Robert W. Baird analyst Colin Sebastian wrote that Amazon's service should be appealing to users searching for local services or shopping for products that have to be serviced. Moreover, service providers should also find value in Amazon's website, Sebastian stated. Service providers will only have to pay Amazon a share of the revenue they receive from customers they obtain from the website, the analyst wrote. Also, Amazon's popularity will enable it to bring meaningful amounts of business to the service providers, Sebastian wrote. He kept a $340 price target and Outperform rating on Amazon shares. Sebastian also noted that the market is increasingly competitive, with Groupon (GRPN) and Yelp (YELP) among the other public companies in the space, and he said he expects Facebook (FB) and Google (GOOG) to build more local services over time. PRICE ACTION: In early afternoon trading, Angie's List fell 4% to $6 and Amazon slid 1% to $332.50.
09:46 EDTPLXSPlexus management to meet with Needham
Meetings to be held in St. Louis/Kansas City on December 2 hosted by Needham.
November 24, 2014
10:16 EDTEBAYAmazon SSS up 47% in third week November, eBay up 12%, ChannelAdvisor says
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November 21, 2014
15:08 EDTKMIOptions Update; November 21, 2014
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10:00 EDTEBAYOn The Fly: Analyst Downgrade Summary
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08:23 EDTEBAYeBay downgraded to Sell from Hold at Evercore ISI
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06:13 EDTEBAYeBay downgraded to Sell from Hold at Evercore ISI
November 20, 2014
15:44 EDTKMIOptions Update; November 20, 2014
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13:05 EDTKMIKinder Morgan projects $2.00 per share dividend for 2015
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13:04 EDTKMP, KMR, KMIKinder Morgan announces shareholder approval of merger transactions
Kinder Morgan (KMI) announced that at special meetings held by each of KMI, Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB), unitholders and shareholders approved all proposals related to the merger transactions previously announced on Aug. 10. More than 95% of the votes cast at the special meeting of each company were voted in favor of the proposals related to the merger transactions. The deadline for KMP and EPB unitholders to elect the form of consideration they wish to receive in each of KMP’s and EPB’s pending mergers with KMI is 5:00 p.m. ET on Nov. 24, 2014. The election deadline may be extended, in which case KMI will issue a press release announcing the new election deadline. The closing of each merger is expected to occur on Nov. 26, 2014. Accordingly, it is expected that Nov. 26 will be the last trading day for KMP and EPB units as well as KMR shares.
09:43 EDTKMI, KMP, KMRKinder Morgan to host special shareholder meeting
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09:37 EDTKMIEl Paso Pipeline to host special shareholder meeting
Special shareholder meeting to approve the merger agreement with Kinder Morgan, Inc. is being held in Houston, Texas on November 20 at 11 am.
06:22 EDTPCBKPacific Continental to host conference call
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November 19, 2014
17:02 EDTCVBFCVB Financial reinstated with a Neutral at Sterne Agee
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November 18, 2014
15:05 EDTEBAYcomScore sees 2014 U.S. holiday e-commerce spending up 16% to $61B
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08:37 EDTEBAYeBay increasingly threatened by Alibaba, says Bernstein
After conducting research in China, Bernstein believes that Alibaba's (BABA) international expansion poses an increasing competitive threat to eBay (EBAY) Marketplaces. The firm says that 25% of eBay's gross merchandise volume is generated outside of the U.S., and it believes a significant amount of that comes from China. Bernstein believes it is possible but not likely that Alibaba will buy eBay Marketplaces after its spin off. The firm keeps a $60 price target and Outperform rating on eBay.
November 17, 2014
15:36 EDTEBAYSnapchat partners with Square on money messaging service, Re/code reports
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10:02 EDTEBAYAmazon SSS up 36% in second week November, eBay up 10%, ChannelAdvisor says
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07:33 EDTKMPMatrix Service awarded EPC contract by Kinder Morgan Energy
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07:12 EDTKMIBloomberg / Mayer Brown to co-host a conference
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