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Stock Market & Financial Investment News

News Breaks
February 14, 2013
09:09 EDTCTL, CAB, STMP, VCLK, WTW, NSPH, ART, BUD, HNZ, AAMRQ, STZ, ANGI, LCC, BRK.AOn The Fly: Pre-market Movers
UP AFTER DEALS: Constellation Brands (STZ), up 29.4% after agreeing to a revised agreement with Anheuser-Busch InBev (BUD) under which Constellation will buy Modelo's Piedras Negras brewery and be granted perpetual rights for Corona and other Modelo brands in the U.S. at a cost of $2.9B. AB InBev shares also up 5.3%... Heinz (HNZ), up 19.8% after agreeing to be acquired by Berkshire Hathaway (BRK.A) and 3G Capital for $72.50 per share in cash... US Airways (LCC), up 1.9% after approving merger with AMR Corp. (AAMRQ) with combined equity value of $11B... Artio Global (ART), up 33.2%, to be acquired by Aberdeen Asset Management for $2.75 per share... UP AFTER EARNINGS: Angie's List (ANGI), up 28.5%... ValueClick (VCLK), up 7.2%... DOWN AFTER EARNINGS: Nanosphere (NSPH), down 20.5%... Stamps.com (STMP), down 19.3%... TripAdvisor (TRIP), down 10%... Whole Foods (WFM), down 6.7%... Tata Motors (TTM), down 6.3%... ALSO LOWER: CenturyLink (CTL), down 17.3% after quarterly report, dividend cut, multiple analyst downgrades... Weight Watchers (WTW), down 17.4% after results, resignation of Chief Technology Officer.
News For A;STZ;BUD;LCC;AAMRQ;ART;ANGI;VCLK;CAB;NSPH;STMP;CTL;WTW From The Last 14 Days
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November 25, 2014
13:16 EDTANGIAngie's List retreats after Amazon reportedly launches local services site
Shares of Angie's List (ANGI) are sinking after The Wall Street Journal reported this morning that Amazon.com (AMZN) had launched a website that will connect consumers to local service providers. Angie's List connects users to local contractors and publishes consumers' reviews of contractors. WHAT'S NEW: Amazon.com launched its website featuring information about local contractors in New York, Los Angeles, and Seattle, The Journal reported, citing an unnamed source who was briefed on the company's plan. Called Amazon Local Services, the website is part of the e-commerce giant's attempt to compete with traditional stores, The Journal said. WHAT'S NOTABLE: Reuters reported last June that Amazon planned to launch a local services website. Last month, research firm Wunderlich said that Angie's List could be a logical takeover target for Amazon or eBay (EBAY). Wunderlich issued its note after The Financial Times reported that Angie's List had hired bankers to help it explore strategic options, including a possible sale of the company. ANALYST REACTION: In a note to investors today, Robert W. Baird analyst Colin Sebastian wrote that Amazon's service should be appealing to users searching for local services or shopping for products that have to be serviced. Moreover, service providers should also find value in Amazon's website, Sebastian stated. Service providers will only have to pay Amazon a share of the revenue they receive from customers they obtain from the website, the analyst wrote. Also, Amazon's popularity will enable it to bring meaningful amounts of business to the service providers, Sebastian wrote. He kept a $340 price target and Outperform rating on Amazon shares. Sebastian also noted that the market is increasingly competitive, with Groupon (GRPN) and Yelp (YELP) among the other public companies in the space, and he said he expects Facebook (FB) and Google (GOOG) to build more local services over time. PRICE ACTION: In early afternoon trading, Angie's List fell 4% to $6 and Amazon slid 1% to $332.50.
12:22 EDTANGIAmazon uniquely positioned in home services market, says RW Baird
After the Wall Street Journal this morning highlighted the recent roll-out of Amazon (AMZN) Local Services in select U.S. cities, RW Baird analyst Colin Sebastian says the tech giant is "uniquely positioned" in the $400B home services market given its position in e-commerce and ability to geo-target traffic to local service professionals. Sebastian notes the market is increasingly competitive, with Angie's List (ANGI), Groupon (GRPN) and Yelp (YELP) among the public companies in the space. He also expects Facebook (FB) and Google (GOOG) to build more local services over time. Sebastian keeps an Outperform rating on Amazon, point out Baird's initial e-commerce checks suggest a solid start to holiday shopping.
09:11 EDTANGIAmazon launches local service provider offering in NY, LA, WSJ reports
Amazon.com (AMZN) has launched Amazon Local Services, which connects customers to local service providers, in New York, Los Angeles and Seattle, according to The Wall Street Journal, citing a person briefed on the plan. The Fly notes that Angie’s List (ANGI) operates a service for members to research, hire, and review local professionals. Reference Link
November 24, 2014
09:02 EDTBUDSABMiller to enter Brazilian market, Telegraph says
SABMiller (SBMRY) agreed to a deal with a local Brazilian brewer and will compete against AB InBev (BUD), reports the Telegraph. Reference Link
08:45 EDTANGIAngie's List shares 'becoming more compelling,' says Wunderlich
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November 23, 2014
17:08 EDTABulls see Keysight Technologies rising 30%, Barron's says
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November 20, 2014
16:14 EDTAAgilent announces dividend of 10c per share
Agilent Technologies announced that a quarterly dividend of 10c per share of common stock will be paid on Jan. 28, 2015, to all shareholders of record as of the close of business on Jan. 6, 2015.
November 19, 2014
20:12 EDTBUDAB InBev cutting jobs, consolidating sales division in U.S., WSJ reports
Anheuser-Busch InBev confirmed in a statement that it is cutting jobs and consolidating its sales division in the U.S., according to the Wall Street Journal, but declined to specify how many jobs are being cut. Reference Link
November 18, 2014
16:10 EDTCABCabela's to open to new markets in Gainsville and Ontario
Cabela’s announced plans to introduce Cabela’s customer service to two new markets: Gainesville, Va., and Ottawa, Ontario, Canada. Cabela’s anticipates a spring 2017 opening for the 79,000-square-foot store.Cabela’s also announces plans to open a store in Ottawa in the spring of 2016.
07:59 EDTAAgilent downgraded to Market Perform at Cowen
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07:00 EDTAAgilent downgraded to Market Perform from Outperform at Cowen
November 17, 2014
16:09 EDTAAgilent plans to return $500M in capital to shareholders in FY15
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16:07 EDTAAgilent sees FY15 EPS $1.68-$1.78, consensus $1.74
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16:06 EDTAAgilent sees Q1 EPS 39c-43c, consensus 42c
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16:06 EDTAAgilent reports Q4 EPS 88c, consensus 89c
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15:16 EDTANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Agilent Technologies (A), consensus 89c; Jacobs Engineering (JEC), consensus 86c; Urban Outfitters (URBN), consensus 41c; Omega Protein (OME), consensus 30c.
November 14, 2014
07:47 EDTBUDAB InBev CEO says willing to deal but only at right price, Bloomberg reports
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November 13, 2014
10:01 EDTCABOn The Fly: Analyst Initiation Summary
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November 12, 2014
16:41 EDTCABCabela's initiated with an Outperform at Imperial Capital
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07:22 EDTNSPHAssociation of Molecular Pathology is holding annual meeting
2014 Annual Meeting of AMP is being held in National Harbor, Maryland on November 12-15.

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