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Stock Market & Financial Investment News

News Breaks
March 22, 2012
16:23 EDTFDX, GOLD, SWHC, RGR, PCLN, MCD, SONC, GME, DG, SCVL, XOn The Fly: Closing Wrap
Stocks on Wall Street were lower, as reports of contraction in manufacturing in both China and the euro zone fueled worries about global growth prospects. Stock futures indicated a lower open and the market reacted as expected after the opening bell. The averages opened in negative territory and were never able to put together any semblance of a rally. The move lower was broad based as evidenced by the market internals, which saw declining stocks heavily outpace advancers. The market generally ignored the day’s domestic economic data, including a drop in weekly jobless claims and a better than expected report on the leading economic indicators. The market has now lost ground for the third consecutive day after recently hitting fresh recovery highs... ECONOMIC EVENTS: In the U.S., initial jobless claims fell 5K to 348K, versus the expected 350K. The leading economic indicators for February increased 0.7%, versus expectations of an increase of 0.6%. Home prices held flat on a seasonally-adjusted basis in January, versus expectations for an increase of 0.3%. In China, a "flash" purchasing managers index fell to 48.1 from 49.6 the month prior. In Europe, a composite euro zone PMI reading also fell, hitting 48.7... MARKET NEWS: FedEx (FDX) topped the list of companies reporting results this morning and saw its shares fall $3.32, or 3.46%, to $92.50 after its earnings beat expectations but its revenues and guidance disappointed. Among others reporting earnings, advancers included Shoe Carnival (SCVL) and Dollar General (DG); decliners included GameStop (GME) and Sonic (SONC)... McDonald's (MCD) CEO Jim Skinner announced his retirement, to be replaced by the company's current President and COO Donald Thompson... Priceline.com (PCLN) shares moved higher, up $8.34, or 1.19%, to $711.99, after Piper Jaffray said in a note to investors this morning that the company's shares could hit $1,000 by mid-2014 and that $50.00 of non-GAAP earnings per share in 2015 is realistic... MAJOR MOVERS: Among the notable gainers were Sturm Ruger (RGR), up $5.63, or 13.31%, to $47.93, after saying its had to temporarily stop accepting new orders after its Q1 bookings topped 1M units, and Smith & Wesson (SWHC), up 78c, or 11.30%, to $7.68, as it also appeared to benefit from Sturm Ruger's news. Noteworthy losers included Randgold Resources (GOLD), down $12.80, or 12.38%, to $90.60, after reports of a coup attempt in Mali, and US Steel (X), down $1.82, or 5.82%, to $29.47, as one of the many materials names that moved lower on the signs of weakness in China... INDICES: The Dow fell 78.48, or 0.60%, to 13,046.14; the Nasdaq lost 12.00, or 0.39%, to 3,063.32; and the S&P 500 dropped 10.11, or 0.72%, to 1,392.78.
News For FDX;SCVL;DG;GME;SONC;MCD;PCLN;RGR;SWHC;GOLD;X From The Last 14 Days
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August 18, 2014
08:18 EDTDGDollar General says can mange Family Dollar 'more efficiently and effectively'
Dollar General (DG) says it believes its proposal "far superior" for Family Dollar (FDO) shareholders. Believes company can manage Family Dollar "more efficiently and effectively." Sees approximately $300M-$400M in one-time costs to capture synergies. Sees investment of $400M in CapEx. Says proposed deal would be low double digit percentage accretive in year one, ex-integration and transformation costs. Dollar General notes commitment to return to investment grade credit profile, anticipated three years post closing. Says positioned for long term revenue and earnings growth. Says ready to move to complete due diligence on Family Dollar deal. Says synergies expected to ramp up throughout three-year period. Comments made on Dollar General's conference call discussing its acquisition proposal of Family Dollar for $78.50 per share.
06:27 EDTDGDollar General to host conference call
Conference call to discuss acquisition proposal of Family Dollar will be held on August 18 at 8 am. Webcast Link
06:26 EDTMCDMcDonald's orders products from Thai supplier after food scare, Reuters says
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06:24 EDTDGOptions expected to be active
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06:13 EDTDGDollar General makes proposal to acquire Family Dollar for $78.50 per share
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06:10 EDTDGDollar General makes proposal to acquire Family Dollar for $78.50 per share
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06:03 EDTDGDollar General makes $78.50/share offer for Family Dollar, CNBC reports
Dollar General (DG) will announce today a $78.50 per share in cash offer to acquire Family Dollar (FDO), CNBC's Andrew Ross Sorkin reports. Dollar Tree (DLTR) is seeking to buy Family Dollar for $74.50 per share.
06:00 EDTDGDollar General offers to buy Family Dollar for $78.50/share, CNBC reports
August 15, 2014
15:32 EDTFDXFedEx receives money-laundering charge in altered indictment, Bloomberg reports
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12:12 EDTFDXFedEx falls to session lows, levels to watch
Shares were last at $147.69, trading lower by 1.3% on the day. At that price next support is at $145.47, a pivot low on a closing basis. Resistance is at $148.83.
12:09 EDTFDXFedEx receives money-laundering charge in altered indictment, Bloomberg reports
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06:39 EDTMCDTim Hortons aims to lure customers via new coffee launch, Reuters says
Tim Hortons (THI) is looking to attract new customers and fight competitors, such as Starbucks (SBUX) and McDonald's (MCD), by revealing a new dark roast coffee blend throughout North America while possibly increasing prices to fend-off increasing expenses and rivals, according to Reuters, citing comments from Tim Hortons CEO Marc Caira. Caira said, "Looking at the coffee market, I would suggest that, given the degree of cost increases, that we are looking at prices going up sometime in 2015." Reference Link
06:01 EDTGMEJuly NPD video game software sales fell 15%, says Piper Jaffray
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05:16 EDTPCLNPriceline prices $1B senior notes offering
Priceline announced the pricing of $1B principal amount of Convertible Senior Notes due 2021 through a private offering to qualified institutional buyers. The notes will pay interest semiannually at a rate of 0.90% per annum. In certain circumstances, the notes may be converted into cash up to their principal amount, and into shares of Priceline common stock and/or cash at Priceline's election for the conversion value above the principal amount based on a conversion rate of 0.4865 shares of common stock per $1,000 principal amount of the notes. Priceline estimates that the net proceeds from the offering of notes will be approximately $990M, after deducting estimated fees and expenses. Priceline plans to use the net proceeds from the offering of the notes to repurchase approximately $147M of its outstanding common stock in privately negotiated, off-market transactions, which may be effected through the initial purchasers of the notes or their affiliates, concurrently with the consummation of the offering. Any remaining net proceeds will be used for general corporate purposes, which may include repaying outstanding debt, repurchasing additional shares of the company's common stock and corporate acquisitions.
August 14, 2014
17:27 EDTPCLNAppaloosa gives quarterly update on stakes
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17:16 EDTDGPaulson & Co gives quarterly update on stakes
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17:08 EDTFDXSoros Fund Management gives quarterly update on stakes
NEW STAKES: CONSOL Energy (CNX), Google (GOOG), Level 3 (LVLT), Time Warner (TWC), and New Oriental (EDU). INCREASED STAKES: YPF SA (YPF), Apple (AAPL), Facebook (FB), AIG (AIG), and American Airlines (AAL). DECREASED STAKES: Teva (TEVA), Liberty Global (LBTYK), Barrick Gold (ABX), EQT (EQT), and Comcast (CMCSA). LIQUIDATED STAKES: FedEx (FDX), Monster Beverage (MNST), Google (GOOGL), Devon Energy (DVN), Marathon Petroleum (MPC).
14:13 EDTDGOmega Advisors gives quarterly update on stakes
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12:01 EDTDG, FDXThird Point gives quarterly update on stakes
NEW STAKES: Rackspace (RAX), Finisar (FNSR), Amgen (AMGN), Ally Financial (ALLY), and AstraZeneca (AZN). INCREASED STAKES: Dollar General (DG) and Dow Chemical (DOW). DECREASED STAKES: FedEx (FDX), Hertz (HTZ), T-Mobile (TMUS) and Intrexon (XON). LIQUIDATED STAKES: Google Class A (GOOGL), Verizon (VZ) and Mondelez (MDLZ).
06:23 EDTFDXFedEx, UPS brings express services to more China cities, Reuters says
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