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Stock Market & Financial Investment News

News Breaks
June 26, 2014
10:10 EDTXRX, HE, UAL, EL, NBBCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Estee Lauder (EL) downgraded to Neutral from Buy at B. Riley... Hawaiian Electric (HE) downgraded to Cautious from Neutral at ISI Group... NewBridge Bancorp (NBBC) downgraded to Market Perform from Outperform at Raymond James... United Continental (UAL) downgraded to In-Line from Outperform at Imperial Capital... Xerox (XRX) downgraded to Hold from Buy at Argus.
News For EL;HE;NBBC;UAL;XRX From The Last 14 Days
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February 27, 2015
08:03 EDTUALUnited Continental now top pick among U.S. airlines, says UBS
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February 26, 2015
08:32 EDTELEstee Lauder valuation does not reflect earnings growth, says Morgan Stanley
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07:12 EDTUALUBS to hold a conference
Aerospace & Defense, Airlines & Lessors 1:1 Conference is being held in Boston on February 26.
06:36 EDTUALUnited Continental issues safety warning to pilots, WSJ says
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February 24, 2015
17:16 EDTNBBCShareholders of Premier Commercial Bank approve merger with NewBridge Bank
NewBridge Bancorp, the bank holding company for NewBridge Bank, a community bank headquartered in Greensboro, N.C. with assets of approximately $2.5B, and Premier Commercial Bank, a financial institution also headquartered in Greensboro with assets of approximately $168M, announced today that Premier's shareholders have approved the merger of Premier with and into NewBridge Bank. At a special meeting held earlier, the shareholders of Premier voted to approve the Agreement and Plan of Combination and Reorganization among the company, NewBridge Bank and Premier, dated October 8, 2014, pursuant to which Premier will merge with and into NewBridge Bank. The merger also has been approved by the North Carolina Commissioner of Banks and the Federal Reserve. Subject to the satisfaction or waiver of customary closing conditions, the merger is expected to become effective on February 27, or as soon as practicable thereafter.
07:30 EDTUALJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
06:29 EDTUALCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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February 23, 2015
16:17 EDTUALBuckeye Partners reduces FY14 revenue by $40M due to settlement discussions
Buckeye Partners (BPL) announced revisions to its financial results for Q4 and FY14 due to a recent development. As has been previously disclosed, commencing in September 2012, Delta Air Lines (DAL), JetBlue (JBLU), United/Continental Air Lines (UAL), US Airways, and American Airlines (AAL) filed complaints with the Federal Energy Regulatory Commission challenging rates for transportation of jet fuel from New Jersey to three New York City area airports charged by Buckeye Pipe Line Company, an operating subsidiary of Buckeye. The Airlines are seeking payments for alleged past excessive charges and prospective tariff rate reductions. As the litigation has progressed, BPLC and the Airlines have continued to pursue settlement discussions. Due to positive developments in those settlement discussions subsequent to Buckeye's issuance of its 2014 earnings on Friday, February 6, Buckeye has recorded a reduction in revenue in the amount of $40M for the year ended December 31, 2014 in accordance with applicable accounting guidance regarding contingencies. This reduction in revenue is a one-time charge; therefore, Adjusted EBITDA and distributable cash flow for 2014 remain as reported on February 6th. The $40M is based upon a settlement offer made by BPLC to satisfy the claims for alleged past excessive charges through December 31, 2014, which offer has not been accepted by the Airlines. "While we continue to pursue settlement of this matter, we are not able to predict with certainty the final outcome of the proceeding, should it be carried through to its conclusion, or whether we can reach a satisfactory settlement and, if so, whether or not it will be on more or less favorable terms," the company said.
February 20, 2015
17:20 EDTUALUnited Continental says cooperating with government investigation
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February 19, 2015
10:30 EDTNBBCNewBridge Bancorp resumes payment of cash dividends
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09:59 EDTUALOn The Fly: Analyst Initiation Summary
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February 18, 2015
17:27 EDTUALUnited Continental initiated with a Neutral at BofA/Merrill
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February 17, 2015
17:02 EDTUALSoros Fund Management gives quarterly update on stakes
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13:18 EDTUALOmega Advisors gives quarterly update on stakes
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07:24 EDTUALExecutives' Club of Chicago to hold a breakfast meeting
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