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Stock Market & Financial Investment News

News Breaks
April 19, 2013
12:22 EDTHPQ, PEP, MSFT, DELL, MCD, IBM, BX, MDLZ, GEOn The Fly: Midday Wrap
The Wall Street averages were mixed at midday in spite of declines in the shares of some of the biggest companies in the country following their earnings reports. The Dow's three worst performers near noon were IBM (IBM), General Electric (GE) and McDonald's (MCD) after all three reported earnings last night or this morning. Today is also options expiration day, which can add to volatility. The Dow managed to briefly cross into positive territory then slid back a bit, though the blue chip index is well off its worst levels despite IBM's sizable drag. ECONOMIC EVENTS: In the U.S., earnings were in focus as little impactful economic data was released. COMPANY NEWS: IBM missed expectations on the top and bottom line and the most-heavily weighted stock in the Dow slid over 7% in response. However, Citigroup attributed the Q1 miss to deal slippage and said the pullback was a buying opportunity, maintaining its $250 price target on IBM shares... Another tech heavyweight and Dow component, Microsoft (MSFT), advanced a bit over 3% after its own quarterly report... Nelson Peltz's Trian Fund disclosed increased stakes in PepsiCo (PEP) and Mondelez (MDLZ), spurring advances in both. Pepsi responded by acknowledging it has held talks with Trian in recent weeks and will consider the investment firm's ideas and initiatives... Shares of Dell (DELL) fell over 3.5%, and peer Hewlett-Packard (HPQ) slid 2%, after private equity firm Blackstone (BX) withdrew its takeover bid for Dell. MAJOR MOVERS: Among the notable gainers was Vertex Pharmaceuticals (VRTX), which rose 58% as firms around the Street upgraded or increased their price targets on its shares following new data from a trial of a cystic fibrosis drug candidate. Among the noteworthy losers were Air Methods (AIRM), which fell 13% after warning it expects to report losses for its first quarter, and Rambus (RMBS), which slipped 11% after its quarterly report. INDICES: Near noon, the Dow was down 12.98, or 0.09%, to 14,524.16; the Nasdaq was up 37.28, or 1.18%, to 3,203.64; and the S&P 500 was up 10.89, or 0.71%, to 1,552.50.
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November 10, 2015
13:32 EDTMCDMcDonald's says sees FY16 operating income growth of 5%-7%, ex charges
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13:32 EDTMCDMcDonald's says has decided not to pursue REIT spinoff transaction
During the Company's investor meeting today, McDonald's Corporation President and Chief Executive Officer Steve Easterbrook and members of senior management provided an update on the Company's Turnaround Plan and made the following announcements: The Company reiterated that it expects positive fourth quarter comparable sales in all segments; Sales, Operating Income and One-year Return on Incremental Invested Capital targets for 2016 that are more consistent with the Company's previously stated long-term financial targets; Global refranchising target raised to 4,000 restaurants through 2018 with a new long-term goal to become 95% franchised; Net annual G&A savings target increased to $500 million - the vast majority of which will be realized by the end of 2017; McDonald's Board of Directors increased the fourth quarter 2015 dividend by 5%, bringing the new quarterly dividend to $0.89 per share; Plans to optimize the Company's capital structure and increase the cash return to shareholders target to about $30 billion for the three-year period ending 2016. The vast majority of the incremental cash return of $10 billion will be funded by issuing additional debt; Decision to not pursue a REIT spin-off transaction. "Our turnaround depends on this: we must run great restaurants each and every day," said Easterbrook. "We're leveraging our competitive strengths: iconic menu items that customers love, a unique franchise model that empowers local entrepreneurs, size and scale that makes operational investments efficient, and a global, well-diversified geographic footprint. Together, these brand attributes provide McDonald's with the foundation and capabilities for continued success."
13:28 EDTMCDMcDonald's says raising Q4 dividend by 5%
13:28 EDTMCDMcDonald's says sees Q4 comparable sales positive in all segments
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13:26 EDTMCDMcDonald's says looking to tailor offers with mobile app
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13:22 EDTMCDMcDonald's CEO says 'regaining momentum'
13:18 EDTMCDMcDonald's says going outside company to find new executives
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13:14 EDTMCDMcDonald's says expects to reduce G&A by $500M
13:12 EDTMCDMcDonald's says will not pursue REIT structure
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13:12 EDTMCDMcDonald's says has given REIT a 'serious consideration'
Says will not pursue at this time as risk is too great.
13:11 EDTMCDMcDonald's says looking to refranchise 4,000 stores by 2018
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12:56 EDTMCDMcDonald's trading halted, news pending
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12:00 EDTMCDAb InBev, HSBC, Google, among firms to testify at EU tax hearing, Reuters says
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09:58 EDTGEGeneral Electric volatility at elevated as shares trade at six-year high
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09:25 EDTGEUnison Industries signs 10-year services agreement with Qatar Airways
Unison Industries signed a 10-year Material Services Agreement with Qatar Airways in support of the airline's unprecedented fleet growth rate. The agreement extends through 2024 and covers external Unison new parts and component repairs for all engine lines in the Qatar Airways fleet which includes the CF6, CFM, V2500, GEnx, GE90 and GP7200.
08:58 EDTMCDMcDonald's weekly volatility elevated into investor meeting
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08:07 EDTIBMIBM closes acquisition of Meteorix
IBM (IBM) announced it completed the acquisition of Meteorix LLC, a Workday (WDAY) services partner. Financial terms were not disclosed. The acquisition will aim to enhance IBM's capability to help companies gain new competitive advantage by aligning people with financial performance and redefining work with the speed and simplicity of cloud-delivered finance and HR services.
07:31 EDTGESynchrony should be bought on any exchange weakness, says Jefferies
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07:20 EDTMSFTMicrosoft price target raised to $64 from $53 at Piper Jaffray
Piper Jaffray analyst Katherine Egbert raised her price target for Microsoft to $64 saying the newly released Halo 5: Guardians appears to be the company's most successful Halo so far. Microsoft is on its way towards a "more growth-oriented phase of life" with growth coming from Halo, Windows10 and other products, Egbert tells investors in a research note. She keeps an Overweight rating on the name.
07:12 EDTMSFTMicrosoft to offer cloud services from the UK
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