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Stock Market & Financial Investment News

News Breaks
November 16, 2011
08:10 EDTGLBLGlobal Industries downgraded to Underperform from Market Perform at Raymond James
Global Industries is being acquired by Technip for $8 per share.
News For GLBL From The Last 14 Days
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October 9, 2015
08:35 EDTGLBLTerraForm Global appoints Alejandro Hernandez as CFO
TerraForm Global (GLBL) announced that Alejandro Hernandez has been appointed as its EVP and CFO, effective on October 9. Hernandez will continue in his capacity as EVP and CFO of TerraForm Power (TERP).
October 7, 2015
16:22 EDTGLBLOn The Fly: Top stock stories for Wednesday
Stocks began the session in positive territory, rallying in tandem with the price of crude, which has been on a tear over the past week. With crude oil prices getting close to $50 per barrel, stocks opened with moderate gains, though those evaporated after the weekly energy inventory report showed a higher than expected build up in crude. The averages waffled back and forth across the flat line as oil prices recovered. The equity buyers emerged, pushing the market to solid gains and back on its winning track. ECONOMIC EVENTS: In the U.S., the EIA reported that crude oil inventories rose by 3.07M barrels in the week ending October 2, versus the consensus forecast for a 2.25M barrel build. Consumer credit grew $16B in August, versus expectations for it to be up $19.5B in the month. COMPANY NEWS: Yum! Brands (YUM) was the worst performer in the S&P 500, falling $15.71, or 18.83%, to $67.71 after the owner of the KFC, Taco Bell and Pizza Hut restaurant brands reported worse than expected quarterly results and lowered its fiscal year guidance. Yum cited a slower than expected recovery in its sales in China, as well as stronger foreign exchange headwinds, for its reduced outlook... Flash-based storage systems maker Pure Storage (PSTG) closed its first day of public trading at $16.01 per share, about $1 below the $17 per share price that it set for its initial public offering... Anheuser-Busch InBev (BUD) made a third proposal to combine with SABMiller (SBMRY), upping its offer for the rival brewing giant to 42.15 pounds a share. Altria Group (MO), SABMiller's largest shareholder, said it supports a proposal of GBP 42.15, or higher, with a partial share alternative, and would be prepared to elect the partial share alternative. However, SABmiller, said this morning that the new overture still undervalues it "very substantially." MAJOR MOVERS: Among the notable gainers was Freeport-McMoran (FCX), which advanced $1.16, or 9.79%, to $13.01 after adding two Carl Icahn representatives to its board, with Icahn himself remarking that shareholders will "generally" benefit from the move. Also higher was SunEdison (SUNE), which gained 11.9% to $9.72 after confirming that it will abandon its planned purchase of Latin American Power and remarking on a business update conference call that it would drop no assets into its two yieldcos, TerraForm Global (GLBL) and TerraForm Power (TERP), over the next year. Among the noteworthy losers was GoPro (GPRO), which fell $1.32, or 4.31%, to close at $29.33 after Morgan Stanley cut its price target on the stock after disappointing sales of the Session camera. During the trading day, shares of the action camera maker hit a lifetime record-low of $27.52. Also lower was Adobe (ADBE), which declined $4.50, or 5.28%, to $80.65 after issuing lower than expected fiscal year earnings guidance during the company's analyst day. Additionally, Nu Skin (NUS) crashed 25.6% to $34.64 after cutting its third quarter guidance, citing reduced sales of its new cosmetic oils in China. INDEXES: The Dow gained 122.10, or 0.73%, to 16,912.29, the Nasdaq advanced 42.79, or 0.9%, to 4,791.15, and the S&P 500 rose 15.91, or 0.8%, to 1,995.83.
13:04 EDTGLBLSunEdison sees ending Q3 with cash balance of $1.38B
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12:42 EDTGLBLSunEdison sees no dropdowns to TerraForm Power, TerraForm Global over next year
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September 29, 2015
10:00 EDTGLBLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARM Holdings (ARMH) downgraded to Neutral from Buy at Natixis... Arthur J. Gallagher (AJG) downgraded to Hold from Buy at Sandler ONeill... CareDx (CDNA) downgraded to Market Perform from Outperform at Raymond James... Carlisle (CSL) downgraded to Sector Weight from Overweight at KeyBanc... Imation (IMN) downgraded to Hold from Buy at Lake Street... Mediaset Espana (GETVF) downgraded to Underweight from Equal Weight at Barclays... New Source Energy (NSLP) downgraded to Sell from Hold at Wunderlich... Peugeot (PUGOY) downgraded to Buy from Conviction Buy at Goldman... RTL Group (RGXLY) downgraded to Equal Weight from Overweight at Barclays... Regal-Beloit (RBC) downgraded to Neutral from Buy at Buckingham... Sequenom (SQNM) downgraded to Market Perform from Outperform at William Blair... Southern Copper (SCCO) downgraded to Sector Perform at Scotia Howard Weil... TerraForm Global (GLBL) downgraded to Neutral from Overweight at JPMorgan... Verastem (VSTM) downgraded to Hold from Buy at Jefferies... Vital Therapies (VTL) downgraded to Neutral from Buy at SunTrust... Williams (WMB) downgraded to Sector Perform from Outperform at Scotia Howard Weil.
07:58 EDTGLBLSunEdison price target lowered to $19 from $23 at JPMorgan
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06:05 EDTGLBLTerraForm Global downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Paul Coster downgraded TerraForm Global (GLBL) to Neutral saying parent SunEdison (SUNE) is likely to focus on TerraForm Power (TERP), constraining the company's growth. He cut his price target for shares to $14 from 17.
September 28, 2015
17:26 EDTGLBLRenova Energia S.A. reports 17.14% stake in TerraForm Global
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