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Stock Market & Financial Investment News

News Breaks
June 3, 2014
07:17 EDTLOW, BAGL, BBRG, TREX, DFRG, AZO, STKS, CONN, ABG, GPIStifel to hold a conference
2014 Consumer Conference to be held in New York on June 3.
News For GPI;BBRG;ABG;AZO;BAGL;CONN;DFRG;LOW;STKS;TREX From The Last 14 Days
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November 19, 2014
09:47 EDTLOWLowe's sees FY gross margin consistent with to-date gross margin
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09:24 EDTLOWLowe's sees FY share repurchases $3.7B
Says "cautiously optimistic" about home improvement landscape. Says seeing a rise in big-ticket projects, says trend is "encouraging." Says homeowner desire to invest in homes the highest since 2006. Says consumers being helped by lower fuel prices, interest rates. Sees FY effective tax rate 37.2%. Sees FY free cash flow $3.2B. Says will use capital to invest in business, pay dividends, repurchase shares. Sees FY share repurchases $3.7B. Comments made on the Q3 earnings conference call. Lowe's shares are up 4.82% in pre-market trading.
09:16 EDTLOWOn The Fly: Pre-market Movers
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08:37 EDTABGAsbury Automotive initiates $400M private offering of senior subordinated notes
Asbury Automotive commenced an offering of $400.0M aggregate principal amount of senior subordinated notes due 2024 in a private placement that is exempt from the registration requirements of the Securities Act of 1933. The 2024 Notes will be guaranteed by all of the company's existing subsidiaries and certain future subsidiaries. The company intends to use the net proceeds from the offering of 2024 Notes to (i) purchase any and all of the company's outstanding 8.375% Senior Subordinated Notes due 2020 that are tendered pursuant to the Company's cash tender offer and consent solicitation for any and all 2020 Notes commenced on November 19, and pay the related consent fees in connection with the Tender Offer and (ii) pay all related transaction fees and expenses.
08:20 EDTLOWLowe's shares should trade higher following Q3 results, says RW Baird
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06:37 EDTAZOAutoZone ordered to pay $186M in damages to former female employee, WSJ says
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06:22 EDTLOWLowe's up 2% following Q3 results
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06:05 EDTLOWLowe's sees FY14 EPS about $2.68, consensus $2.63
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06:04 EDTLOWLowe's reports Q3 EPS 59c, consensus 58c
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November 18, 2014
15:44 EDTLOWLowe's November 57 straddle priced for 4.2% move into Q3
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15:21 EDTLOWNotable companies reporting before tomorrow's open
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12:47 EDTLOWEarnings Preview: Lowe's shares up over 15% since last earnings report
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10:02 EDTLOWLowe's names McCanless general counsel, Chief Compliance Officer
Lowe's Companies (LOW) announced that Ross W. "Bill" McCanless will be joining the company as general counsel, secretary and chief compliance officer, effective January 12, 2015. McCanless will replace Gaither M. Keener, who announced plans to retire from the company following 30 years of service. McCanless is returning to Lowe's top legal role, a position he held from 2003 to 2006, after serving as chief legal officer, general counsel and secretary for Extended Stay America (STAY) and ESH Hospitality
07:33 EDTLOWLowe's November volatility elevated into Q3 and outlook
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November 17, 2014
07:54 EDTLOWLowe's price target raised to $68 from $60 at RW Baird
Baird raised its price target on Lowe's to $68 from $60 citing the company's firming sales, solid comps, and operational improvements. Baird reiterated its Outperform rating on Lowe's, which is scheduled to release its Q3 results on November 19.
November 14, 2014
10:00 EDTAZOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AbbVie (ABBV) initiated with a Buy at Deutsche Bank... Advance Auto Parts (AAP) initiated with a Buy at Sterne Agee... AutoZone (AZO) initiated with an Underperform at Sterne Agee... Carter's (CRI) initiated with a Buy at Sterne Agee... Children's Place (PLCE) initiated with a Neutral at Sterne Agee... Container Store (TCS) initiated with a Fair Value at CRT Capital... DHT Holdings (DHT) initiated with a Buy at UBS... Diana Shipping (DSX) initiated with a Neutral at UBS... Genuine Parts (GPC) initiated with a Neutral at Sterne Agee... National Oilwell (NOV) initiated with a Neutral at UBS... Navios Acquisition (NNA) initiated with a Buy at UBS... NeoStem (NBS) assumed with a Buy at Maxim... O'Reilly Automotive (ORLY) initiated with a Neutral at Sterne Agee... Scorpio Bulkers (SALT) initiated with a Neutral at UBS... Star Bulk Carriers (SBLK) initiated with a Neutral at UBS... Teekay Tankers (TNK) initiated with a Buy at UBS... The Buckle (BKE) initiated with an Underweight at BB&T... TriMas (TRS) initiated with an Overweight at JPMorgan... TriplePoint Venture (TPVG) initiated with a Buy at UBS... Tsakos Energy (TNP) initiated with a Buy at UBS... USD Partners (USDP) initiated with an Outperform at Credit Suisse... Zumiez (ZUMZ) initiated with a Buy at BB&T.
07:14 EDTGPIGroup 1 Automotive board increases common stock share repurchase to $100M
07:14 EDTGPIGroup 1 Automotive increases quarterly dividend by 11.8% to 19c
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November 13, 2014
16:38 EDTAZOAutoZone initiated with an Underperform at Sterne Agee
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November 12, 2014
08:11 EDTBBRGBravo Brio Restaurant commences $50M modified 'Dutch Auction' tender offer
Bravo Brio Restaurant announced the commencement today of a modified "Dutch auction" tender offer to purchase up to $50M in value of its common shares. The modified "Dutch auction" tender offer will be financed from borrowings under the company's new, five-year $100M senior secured credit facility. The tender offer is being made pursuant to the Offer to Purchase dated November 12, and the company's Schedule TO, which will be filed with the SEC and more fully sets forth the terms and conditions of the tender offer. Under the terms of the tender offer, BBRG's shareholders will have the opportunity to tender some or all of their shares at a price per share of not less than $12.50 and not greater than $14.50. Based on the number of shares tendered and the prices specified by the tendering shareholders, the company will determine the lowest per share price within the range that will enable it to purchase up to $50M in shares, or such lower amount depending on the number of shares that are properly tendered and not properly withdrawn. All shares accepted in the tender offer will be purchased at the same price, regardless of whether a shareholder tendered such shares at a lower price within the range. At the minimum price of $12.50 per share, BBRG would repurchase a maximum of 4,000,000 shares, or approximately 21.4%, of the company's outstanding common shares as of November 10, 2014.
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