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Stock Market & Financial Investment News

News Breaks
December 27, 2012
04:56 EDTKRFT, IBM, MDLZIBM, Kraft Foods extend SAP engagement until Sep. 2015
IBM (IBM) and Kraft Foods (KRFT), part of the Mondelez International group of companies (MDLZ), announced the extension of their engagement until September 2015 to continue helping Kraft in their strategy of implementing three SAP instances globally in three years. This includes the roll-out of a corporate template to harmonize business process across their Developing Markets in CEE and MEA.
News For IBM;KRFT;MDLZ From The Last 14 Days
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March 2, 2015
06:27 EDTIBMBuffett says IBM cost likely around $170/share
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06:22 EDTIBMIBM downgraded to Underweight from Neutral at Atlantic Equities
06:22 EDTIBMBuffett says IBM interest 'increasing day after day'
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06:19 EDTIBMBuffett says buying more IBM 'because I like it'
Warren Buffett is speaking on CNBC.
March 1, 2015
13:05 EDTIBMBerkshire's Buffett says 2015 will be 'tough year' for 'Big Four' investments
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February 27, 2015
07:53 EDTMDLZ, KRFTKraft, Mondelez, others give statements at CAGNY conference, The Deal says
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05:18 EDTMDLZMondelez agrees to sell interests in Japanese coffee JV to partner Ajinomoto
Mondelez announced that, as part of its ongoing efforts to further focus its portfolio on snacking products, it has reached an agreement to sell its 50% interest in Ajinomoto General Foods, or AGF, to its joint venture partner, Ajinomoto. AGF manufactures and sells instant, ground and liquid coffee products as well as other beverages in Japan under brands mainly licensed by Mondelez International, including Blendy and Maxim. Upon closing of the stock purchase agreement, Mondelez International will receive pre-tax cash proceeds of Y27B. The AGF transaction is scheduled to close by the end of April, subject to limited closing conditions. The stock purchase agreement with Ajinomoto will not have any impact on the proposed JDE transaction, which is expected to close later this year. In 2013, AGF generated more than Y100B in net revenue. It has 700 full-time employees and two factories in Gunma and Suzuka, Japan.
February 26, 2015
16:52 EDTIBMOn The Fly: Closing Wrap
Stocks on Wall Street moved in a narrow range for most of the session while remaining near record levels. The Nasdaq was the strongest of the indices, as it continues its march towards 5,000. Crude oil prices fell by over 5% during the regular trading session, but recovered a bit in after-hours trading. The market is on pace to complete its fourth consecutive week of gains and close out the month of February with gains after suffering losses in January. ECONOMIC EVENTS: In the U.S., the Consumer Price Index fell 0.7% in January, with the core rate rising 0.2%, versus expectations for the headline CPI to be down 0.6% and the core rate to rise 0.1%. Initial jobless claims rose 31K to 313K in the week ended February 21, versus expectations for 290K first-time claims. Durable goods orders rose 2.8% in January, versus expectations for a 1.6% increase. The FHFA home price index rose 0.8% to 218.6 in December, versus expectations for an increase of 0.5%. COMPANY NEWS: The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including Verizon (VZ), AT&T (T), and Comcast (CMCSA), have opposed the rules, while Netflix (NFLX) has been a strong and vocal supporter of open Internet provisions... Shares of International Business Machines (IBM) slipped $1.94, or 1.19%, to $160.87 after Big Blue held its investor day meeting in NYC. At the meeting, IBM backed its fiscal year profit view but also said that the company now expects currency to impact revenue growth by over 6 points for the full year, which is greater than the impact previously provided based on January 16 spot rates. IBM also said it was shifting $4B into "strategic initiatives," including Big Data, the Cloud, mobile, social and security... Barnes & Noble (BKS) rose $1.67, or 6.89%, to $25.92 after announcing plans to split its Education business from its Retail and NOOK Digital businesses. The separation into two independent, publicly traded companies is anticipated to be completed by the end of August and is intended to be a tax-free distribution to shareholders, B&N noted. MAJOR MOVERS: Among the notable gainers was Emulex (ELX), which jumped $1.57, or 24.69%, to $7.93 after the company agreed to be acquired by Avago Technologies (AVGO) for $606M, or $8 per share in cash. Avago also rose $16.57, or 14.71%, to $129.25 after announcing the deal and reporting "beat and raise" quarterly results. Also higher was UIL Holdings (UIL), which gained $9.74, or 23.01%, to $52.07 after the company agreed to be acquired by Iberdrola USA to create a newly listed U.S. publicly-traded company. The proposed transaction implies total value per share to UIL shareholders of $52.75, including $10.50 per share paid in the form of cash, the companies said. Among the noteworthy losers was Clayton Williams (CWEI), which fell $11.41, or 17.77%, to $52.79 after the company suspended drilling operations in both of its core resource plays, citing low oil prices, and its shares were downgraded at Wunderlich. Also lower following their earnings reports were network solutions provider Inteliquent (IQNT), which dropped $3.05, or 17.33%, to $14.55, and electric weapons maker TASER (TASR), which slid $4.36, or 16.14%, to $22.68. INDEXES: The Dow fell 10.15, or -0.06%, to 18,214.42, the Nasdaq gained 20.75, or 0.42%, to 4,987.89, and the S&P 500 declined 3.12, or 0.15%, to 2,110.74.
12:39 EDTIBMOn The Fly: Midday Wrap
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09:12 EDTIBMIBM shifting $4B into 'strategic initiatives'
The strategic imperatives identified by IBM include Data, Cloud and Engagement.
09:07 EDTIBMIBM backs FY15 EPS view $15.75-$16.50, consensus $16.02
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09:02 EDTIBMIBM sees EPS to grow high single-digits over longer term
IBM sees revenue to grow low single-digits over longer term. See longer term Free Cash Flow realization in the 90%'s. Longer term view given in slides for analyst day meeting.
07:27 EDTMDLZExecutives' Club of Chicago to hold a breakfast meeting
Chicago CEO Breakfast Meeting with Guest Speaker Irene Rosenfeld, Chairman & CEO, of Mondelez International, who discusses "Leading in Turbulent Times" is being held in Chicago on February 26 at 8:15 am.
06:57 EDTIBMIBM volatility low into investor day
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February 25, 2015
09:03 EDTMDLZMondelez acquires Betabox start-up
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07:27 EDTIBMThe Linley Group to hold a conference
Linley Data Center Conference 2015 is being held in Santa Clara, California on February 25-26.
February 23, 2015
14:24 EDTIBMIBM signs strategic teaming agreement with Tech Mahindra
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February 20, 2015
11:37 EDTIBMIBM volatility low into host investor day
IBM February weekly call option implied volatility is at 17, March is at 15, July is at 17; compared to its 26-week average of 20 according to Track Data, suggesting decreasing movement into a company hosted investor day to be held in New York on February 26.
February 19, 2015
15:32 EDTIBMIBM to host investor day
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07:12 EDTIBMWharton Health Care Club to hold a conference
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