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Stock Market & Financial Investment News

News Breaks
May 8, 2014
07:28 EDTHMHCHoughton Mifflin reports Q1 EPS ($1.05), consensus (86c)
Reports Q1 revenue $153.9M, consensus $171.67M.
News For HMHC From The Last 14 Days
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April 27, 2015
10:00 EDTHMHCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 3D Systems (DDD) downgraded to Hold from Buy at Canaccord... Akorn (AKRX) downgraded to Neutral from Overweight at Piper Jaffray... Allegiant Travel (ALGT) downgraded to Fair Value from Buy at CRT Capital... Altera (ALTR) downgraded to Neutral from Outperform at Baird... Amazon.com (AMZN) downgraded on valuation at Argus... American Science & Engineering (ASEI) downgraded to Sell from Fair Value at CRT Capital... Basic Energy (BAS) downgraded to Underperform from Neutral at Macquarie... C.H. Robinson (CHRW) downgraded to Sell from Neutral at UBS... Celladon (CLDN) downgraded to Neutral from Buy at Roth Capital... DST Systems (DST) downgraded to Neutral from Outperform at Credit Suisse... DeVry (DV) downgraded on weaker than expected outlook at Stifel... Eaton Vance (EV) downgraded to Sell from Neutral at Citigroup... Emerge Energy (EMES) downgraded to Hold from Buy at Wunderlich... FMC Technologies (FTI) downgraded to Accumulate from Speculative Buy at Global Hunter... Fibria Celulose (FBR) downgraded to Underweight from Equal Weight at Morgan Stanley... Forum Energy (FET) downgraded to Neutral at Baird... Gulf Island Fabrication (GIFI) downgraded to Hold from Accumulate at Johnson Rice... Hancock Holding (HBHC) downgraded to Hold from Buy at Drexel Hamilton... Hi-Crush Partners (HCLP) downgraded to Hold from Buy at Wunderlich... Houghton Mifflin (HMHC) downgraded to Neutral from Buy at Citigroup (Friday)... Infosys (INFY) downgraded to Hold from Buy at Deutsche Bank... Marvell (MRVL) downgraded to Hold from Buy at Craig-Hallum... Merge Healthcare (MRGE) downgraded to Hold from Buy at Topeka... Oceaneering (OII) downgraded to Neutral from Buy at Goldman... Omega Healthcare (OHI) downgraded at BofA/Merrill... Perrigo (PRGO) downgraded to Neutral from Buy at UBS... Petrobras (PBR) downgraded to Underweight from Equal Weight at Morgan Stanley... Procter & Gamble (PG) downgraded on lack of upside at CLSA... ResMed (RMD) downgraded to Neutral from Buy at Goldman... Seadrill (SDRL) downgraded to Sell from Neutral at Citigroup... Six Flags (SIX) downgraded to Neutral from Buy at Goldman... Stratasys (SSYS) downgraded to Hold at Canaccord... Telecom Italia (TI) downgraded to Neutral from Buy at BofA/Merrill... Twitter (TWTR) downgraded to Neutral from Buy at SunTrust... United Continental (UAL) downgraded to Fair Value from Buy at CRT Capital... Virgin America (VA) downgraded to Sell from Buy at CRT Capital.
06:23 EDTHMHCHoughton Mifflin downgraded to Neutral from Buy at Citigroup (Friday)
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April 24, 2015
06:38 EDTHMHCHoughton Mifflin additional $100M under existing share repurchase program
HMH’s board has authorized an additional $100M under the company’s existing share repurchase program, bringing the total authorization to $200M. The share repurchase program may be executed over a period of two years from the program’s original authorization
06:38 EDTHMHCHoughton Mifflin to acquire Scholastic's Educational Tech & Services business
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06:33 EDTHMHCScholastic to sell EdTech business to Houghton Mifflin for $574M in cash
Scholastic announced that it has entered into a definitive agreement to sell its Educational Technology, or EdTech, business to Houghton Mifflin Harcourt for $575M in cash. EdTech had $249M in revenues and $40M in operating income in FY14. Revenues were $175M and operating income was $17M for the first nine months of the current fiscal year ending May 31. Scholastic expects net proceeds from the sale, after taxes, transaction fees, and other expenses, of approximately $360M-$370M. The transaction will enable Scholastic to focus on its core businesses by deepening relationships with its primary customers – teachers, parents, children, and schools. The Company plans to reinvest the proceeds from the sale in its Children's Book Publishing and Distribution, Classroom and Supplemental Materials Publishing, and International business segments, while continuing to return capital to shareholders over time. The management team of the Educational Technology and Services business, including its President Margery Mayer, is expected to remain with the business as part of HMH. The business' approximate 800 employees are also expected to join HMH upon transaction close. The transaction is expected to close in Q2.
06:31 EDTHMHCScholastic to sell EdTech business to Houghton Mifflin for $574M in cash
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April 21, 2015
10:01 EDTHMHCOn The Fly: Analyst Downgrade Summary
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07:38 EDTHMHCHoughton Mifflin downgraded on valuation at Stifel
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06:31 EDTHMHCHoughton Mifflin downgraded to Hold from Buy at Stifel
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