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Stock Market & Financial Investment News

News Breaks
November 28, 2012
05:58 EDTGME, TROW, WD, XLSInvestors want more time to speak with CEOs, WSJ reports
Investors considering large stakes in a company are demanding more time to speak with CEO's, giving them better insight into a firm's strategy and prospects, reports the Wall Street Journal. For CEO it's an obligation, they say, that's leaving them with less time to run their companies. Yet new research suggests that those with direct access to a company's C-suite tend to make better decisions timing stock purchases. Reference Link
News For GME;TROW;WD;XLS From The Last 14 Days
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September 30, 2014
08:31 EDTGMEGameStop Technology Institute announce collaboration with AT&T
GameStop (GME) announced that its GameStop Technology Institute business unit is collaborating with AT&T (T) to further its focus on delivering to its brick-n-mortar retail stores technology advancements that drive positive customer experiences and accelerate the pace of change within the retail industry. As part of the relationship, GTI is working closely with AT&T to define the technical capabilities required to enable customers to interact seamlessly and responsibly through their electronic devices with digital product promotional materials (e.g., video game trailers, special discounts, etc.) located on store shelves and within identified product communication zones. To accomplish this, the company is utilizing AT&T Network Services, such as AT&T Business Fiber, so GameStop stores have reliable and scalable speeds.
September 29, 2014
17:01 EDTWDWalker & Dunlop to acquire Johnson Capital loan platform
Walker & Dunlop announced that it has agreed to acquire Johnson Capital's loan origination and servicing platform. Johnson Capital is a leading national commercial real estate mortgage company that maintains long-standing brokerage relationships with many life insurance companies, banks and CMBS conduits. In addition, Johnson Capital is an approved HUD MAP lender nationally and Ginnie Mae issuer. As part of the transaction, approximately $590M in HUD servicing will be added to Walker & Dunlop's $40B servicing portfolio. Johnson Capital also has sourced billions of dollars of Fannie Mae DUS loans as a correspondent to Walker & Dunlop over the past 20 years, and has originated Freddie Mac multifamily loans. Johnson Capital has originated $1.3B in commercial loans on average over the past three years. The terms of the cash and stock transaction were not disclosed. Completion of the acquisition is subject to certain conditions, consents and approvals, and expected to close on or around November 1, 2014. Walker & Dunlop expects the transaction to be accretive beginning in 2015.
September 28, 2014
12:30 EDTXLSExelis successfully completes spin-off of Vectrus
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September 26, 2014
16:18 EDTTROWT. Rowe urges Allergan to drop bid for Salix, has 'growing concern', FT says
T. Rowe Price (TROW), the third largest shareholder of Allergan (AGN), has urged the company to not partake in any acquisitions that would thwart Valeant's (VRX) hostile takeover plan, The Financial Times reports, citing senior business correspondent David Crow. Allergan is currently mulling the possibility of acquiring Salix Pharmaceuticals (SLXP), which may effectively squash Valeant's potential hostile takeover of Allergan. T. Rowe Price said in a statement, "Over the past several months, we have been watching with growing concern the corporate governance practices of the Allergan board. In our view, the issues to be voted on at the special meeting of shareholders on December 18 are of such importance that they impose a special duty on the board to refrain from approving any significant, irreversible commitments by the company between now and then unless shareholders are offered the opportunity to vote on them. We believe this should apply even in the event of all-cash acquisitions that do not ordinarily require a shareholder vote." Reference Link
September 25, 2014
08:02 EDTGMEGameStop nearly doubles seasonal hiring efforts for 2014 holiday season
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September 24, 2014
16:33 EDTWDWalker & Dunlop contributes first $58M of collateral for upcoming securitizaiton
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07:30 EDTGMEB. Riley to hold a tour
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September 22, 2014
08:51 EDTTROWT. Rowe Price should be owned into Q4, says Bernstein
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