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Stock Market & Financial Investment News

News Breaks
January 8, 2013
15:12 EDTINTU, HRBStart of tax season delayed to January 30, WSJ says
The Internal Revenue Service, IRS, said the 2013 tax season will open a week late on January 30 because of last minute adjustments to recent legislation, says the Wall street Journal. Reference Link
News For HRB;INTU From The Last 14 Days
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September 4, 2015
16:45 EDTHRBH&R Block files automatic mixed securities shelf
10:18 EDTHRBOptions with decreasing implied volatility
Options with decreasing implied volatility: MDCO ARIA CIEN HRB
September 3, 2015
05:16 EDTHRBStocks with implied volatility below IV index mean; HRB GMCR
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September 2, 2015
12:22 EDTHRBOn The Fly: Top stock stories at midday
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06:20 EDTHRBBofI Holding to host conference call
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September 1, 2015
18:41 EDTHRBOn The Fly: After Hours Movers
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16:20 EDTHRBBofI Federal Bank completes deposit transaction with H&R Block
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16:13 EDTHRBH&R Block trades up after results
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16:13 EDTHRBH&R Block up 7.7% after reporting Q1 results, share repurchase program
16:12 EDTHRBH&R Block announces modified Dutch auction tender offer
Under the new share repurchase program, the company announced that it plans to launch a "modified Dutch auction" tender offer to purchase up to $1.5B of its common stock, at a price per share of not less than $32.25 and not greater than $37.00. The tender offer will be contingent upon, among other customary items, the successful closing of a new Committed Line of Credit, as described below, and satisfaction of other customary conditions. Additional details regarding the pricing and other terms will be provided upon formal commencement of the tender offer.
16:11 EDTHRBH&R Block bank divestiture program to impact FY16 EPS by 8c-10c
H&R Block (HRB) announced that it has successfully closed its transaction to divest H&R Block Bank, selling certain assets and transferring certain liabilities, including all of its deposits, to BofI Federal Bank (BOFI) a full month earlier than expected. At the time of the closing, the bank made a one-time cash payment to BofI of approximately $419M, which is approximately equal to the carrying value of the liabilities assumed by BofI. The bank merged into its parent company, surrendered its bank charter, and ceased to exist as a bank. The closing of the bank transaction represents the conclusion of a multi-year effort to refocus the company on its core tax business and to no longer be regulated as a savings and loan holding company. In connection with the closing, and consistent with the description of the transaction in the company's previous public disclosures, the parties have entered into a program management agreement under which BofI will serve as the bank for H&R Block-branded financial services products: Emerald Prepaid MasterCard, Refund Transfers and Emerald Advance lines of credit offered through H&R Block's retail and digital channels. H&R Block reaffirms it expects the ongoing annual net financial impact to be dilutive by approximately 8c-10c per share beginning in FY16. The company also expects to incur one-time charges for transaction and related costs of approximately 2c-3c per share in fiscal year 2016. All per share amounts are based on fully diluted shares outstanding as of Aug. 31, 2015.
16:08 EDTHRBH&R Block announces $3.5B capital stucture program
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16:05 EDTHRBH&R Block reports Q1 EPS (35c), consensus (40c)
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16:04 EDTHRBH&R Block announces $3.5B share repurchase program, capital structure plans
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15:02 EDTHRBNotable companies reporting after market close
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August 31, 2015
08:36 EDTHRBH&R Block volatility elevated into Q1 and outlook
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August 26, 2015
07:59 EDTHRBH&R Block price target raised to $38 from $35 at Oppenheimer
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06:29 EDTINTUIntuit to lay off nearly 250 employees in SBG, TechCrunch reports
According to an internal memo from Intuit CEO Brad Smith, the company will lay off 249 employees, TechCrunch reports. The layoffs, mostly in the company's Small Business Group, have been confirmed by Intuit. Last week, Intuit announced plans to divest several of its business units, including Quicken, QuickBase and Demandforce. Reference Link

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