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Stock Market & Financial Investment News

News Breaks
December 18, 2012
05:55 EDTFDX, FDX, GIS, GIS, NAV, NAV, PKE, PKECompanies reporting Before the Market Open on Wednesday, December 19
Notable companies reporting before the opening bell include FedEx (FDX), General Mills (GIS),Navistar International (NAV) and Park Electrochemical (PKE).
News For FDX;GIS;NAV;PKE From The Last 14 Days
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July 27, 2015
10:00 EDTNAVOn The Fly: Analyst Downgrade Summary
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08:52 EDTNAVNavistar Celadon Group finalized remaining 7,950 orders from Quality Companies
International Truck (NAV) announced it has finalized the remaining 7,950 orders from Quality Companies, a wholly owned subsidiary of Celadon Group (CGI). The 9,000 vehicle commitment consists primarily of International ProStar and LoneStar vehicles powered by Cummins ISX-15 engines, and will be spread across the next three years.
06:43 EDTNAVNavistar downgraded to Sell from Neutral at Goldman
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July 24, 2015
17:21 EDTFDXFedEx backs FY16 $4.6B capital spending view
On July 21, FedEx Corporationís wholly owned subsidiary Federal Express Corporation and The Boeing Company entered into Supplemental Agreement No. 6 to Purchase Agreement Number 3712 dated as of December 14, 2011, between Boeing and FedEx Express related to Boeing 767-300 Freighter aircraft. In the Supplemental Agreement, FedEx Express agreed to purchase 50 additional B767F aircraft from Boeing. Four of the 50 additional firm-order B767F aircraft purchases are conditioned upon there being no event that causes FedEx Express or its employees not to be covered by the Railway Labor Act of 1926, as amended. The 50 additional firm-order B767F aircraft are expected to be delivered from fiscal 2018 through fiscal 2023 and will enable FedEx Express to continue to improve the efficiency and reliability of its aircraft fleet. FedEx Express now has a total of 106 firm orders for B767F aircraft from Boeing through fiscal 2023. In the Supplemental Agreement, FedEx Express also acquired options to purchase an additional 15 B767F aircraft. As a result, FedEx Express now has options to purchase a total of 50 B767F aircraft from Boeing. Expected capital spending for FedEx Corporation for fiscal 2016 remains at approximately $4.6 billion. The impact to FedEx Corporationís capital spending in fiscal 2017 from this new B767F aircraft order is expected to be immaterial.
July 23, 2015
14:34 EDTFDXFedEx CEO says would do business in Iran if permitted
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14:30 EDTFDXFedEx CEO feels Fed shoud raise rates this year
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July 21, 2015
17:41 EDTFDXFedEx to acquire fifty additional 767-300F aircraft from Boeing
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10:01 EDTGISOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASML (ASML) upgraded to Accumulate from Neutral at SNS Securities... Anacor (ANAC) upgraded to Buy from Neutral at Goldman... Artisan Partners (APAM) upgraded to Outperform from Neutral at Credit Suisse... Canadian National (CNI) upgraded to Buy from Hold at Canaccord... General Mills (GIS) upgraded to Outperform from Sector Perform at RBC Capital... Halliburton (HAL) upgraded to Accumulate from Neutral at Global Hunter... Harte-Hanks (HHS) upgraded to Outperform from Market Perform at BMO Capital... MDC Partners (MDCA) upgraded to Overweight from Neutral at Piper Jaffray... SABMiller (SBMRY) upgraded to Buy from Neutral at Nomura... Sanmina (SANM) upgraded to Neutral from Underperform at Longbow... Santander Mexico (BSMX) upgraded to Neutral from Sell at Goldman... Sherwin-Williams (SHW) upgraded to Buy from Neutral at Northcoast... Southwestern Energy (SWN) upgraded to Buy from Neutral at Global Hunter... Verisk Analytics (VRSK) assumed with an Outperform at Keefe Bruyette.
08:36 EDTNAVNavistar awarded order for 1,050 tractors
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06:46 EDTGISGeneral Mills upgraded to Outperform from Sector Perform at RBC Capital
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06:45 EDTGISBonduelle in talks for bid to buy Green Giant, Reuters reports
Bonduelle is in talks to team with Centerview Partners in a bid to purchase General Mills' Green Giant frozen and canned vegetables unit, Reuters reports, citing people familiar with the matter. Reference Link
July 20, 2015
13:18 EDTGISOptions with increasing call volume
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12:32 EDTGISGeneral Mills calls active on unconfirmed takeover speculation
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11:36 EDTGISRumor: General Mills goes positive on unconfirmed takeover speculation
08:22 EDTNAVNavistar refinances $697.5M senior secured term loan facility
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July 17, 2015
11:16 EDTFDXFedEx spikes higher, levels to watch
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11:07 EDTFDXRumor: FedEx moves up on activist investor speculation
July 16, 2015
09:20 EDTNAVTyler named telematics integration partner for Navistar's IC Bus
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09:07 EDTGISGeneral Mills says to close West Chicago, Joplin plants
General Mills said in a regulatory filing that it previously announced Project Century, a review of its North American manufacturing and distribution network to streamline operations and identify potential capacity reductions. The company says, "As part of this project, in 1Q16, we notified the union member employees and union representatives at our West Chicago, Illinois facility of our tentative decision, pending negotiations and consultation with the union, to close this plant to eliminate excess cereal and dry dinner capacity in our U.S. Retail supply chain. If implemented, this action could affect approximately 500 positions. We expect to incur charges of approximately $70M in FY16, including approximately $44M of severance expense and $26M of additional expense, primarily fixed asset write-offs. We expect this action to be completed by the end of FY19 with a total cost of approximately $120M, of which approximately $52M will be cash.Also as part of Project Century, we notified the employees at our snacks manufacturing facility in Joplin, Missouri of our decision to close this plant in our U.S. Retail supply chain. This action will affect approximately 120 positions. We expect to incur charges of approximately $11M in FY16, including approximately $2M of severance expense and $9M of additional expense, primarily fixed asset write-offs. We expect this action to be completed by the end of FY18 with a total cost of approximately $12M, of which approximately $5M will be cash.

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