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Stock Market & Financial Investment News

News Breaks
December 19, 2012
08:24 EDTONTY, AA, NAV, KCG, GIS, GM, BTH, ORCL, RMCF, FDXOn The Fly: Pre-market Movers
HIGHER AFTER EARNINGS: FedEx (FDX), up 0.9%... Oracle (ORCL), up 2.8%... General Mills (GIS), up 1.8%... ALSO HIGHER: General Motors (GM), up 8.4% after agreeing to buy back 200M shares from Treasury, as start of Treasury's full exit from stake... Rocky Mountain Chocolate (RMCF), up 17.3% before being halted after receiving $13.50/share buyout offer from PST Capital... Blyth (BTH), up 10.4% after increasing its ownership in ViSalus to more than 80%... Knight Capital (KCG), up 7.5% after agreeing to merge with GETCO... LOWER AFTER EARNINGS: Navistar (NAV), down 4.8%... ALSO LOWER: Alcoa (AA), down 1.5% after Moody's considers rating downgrade... Oncothyreon (ONTY), down 62% after lung cancer study misses endpoint.
News For GM;FDX;ORCL;GIS;RMCF;BTH;KCG;NAV;AA;ONTY From The Last 14 Days
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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
18:48 EDTORCLOracle drops largest copyright damages theory against Rimini Street
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13:52 EDTGMGM slips after Barclays downgrades auto sector on China downturnbw
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11:39 EDTORCLOracle management to meet with Evercore ISI
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10:00 EDTGMOn The Fly: Analyst Downgrade Summary
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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.
07:30 EDTGMGeneral Motors downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded the U.S. Autos and Auto Parts sector to Negative from Neutral and cut its rating on General Motors (GM) to Equal Weight from Overweight. The firm sees further sector underperformance as China car sales continue to disappoint and Chinese production goes negative against a peak in the U.S. auto industry and a slow recovery in Europe. The firm sees few near-term catalysts for General Motors given is larger exposure to China and little that will change its perception by investors as a "value trap." Barclays lowered General Motors' price target to $36 from $44.
06:25 EDTORCLOracle announces 'disciplined reduction' in overall compensatoin
Oracle announced bonuses to Ellison, Catz and Hurd will be paid out at $0 in FY15, compared to 16% targe tin FY14. Oracle said that no performance-based cash bonuses will be awarded in years where no growth in non-GAAP pre-tax profits is achieved. PSU payouts are based on Oracle revenue growth and operating cash flow growth relative to select peer company performances. In connection with the management transition in 2015, the compensation committee canceled 1.5M equity equivalent shares of Ellison's FY15 equity award. The company announced option awards will be reduced to 5 year terms from 10 year terms in 2016, significantly reducing its value and maintaining long-term vest. Comments taken from slides for July Investor Presentation.
July 15, 2015
19:54 EDTGISGeneral Mills CEO confident in recent changes to cereal products, Reuters says
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19:03 EDTNAVOn The Fly: After Hours Movers
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16:57 EDTNAVEPA files lawsuit against Navistar regarding heavy-duty diesel engines
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14:35 EDTGMGeneral Motors recalls Sparks, Sonics over radio software issue
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07:40 EDTGISGeneral Mills management to meet with Deutsche Bank
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07:37 EDTKCGKCG Holdings reports 3.5M U.S. equities trades per day in June in Market Making
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06:14 EDTGMFiat Chrysler CEO has no plans for another GM offer, NYT reports
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July 14, 2015
17:52 EDTAAS&P announces changes to the S&P 500, 400, 600, and 100 indices
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16:05 EDTGMGM announces $1.4B plant investment related to SUV production
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06:24 EDTFDXFedEx in talks to buy 'at least' 25 Boeing cargo jets, Bloomberg reports
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