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Stock Market & Financial Investment News

News Breaks
February 14, 2013
17:55 EDTITW, PEPRelational Investors reports decreased stakes in Illinois Tool Works, PepsiCo
News For ITW;PEP From The Last 14 Days
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October 24, 2014
16:20 EDTPEPOn The Fly: Closing Wrap
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12:49 EDTPEPOn The Fly: Midday Wrap
Stocks on Wall Street opened relatively quietly, with investors cautious given the way the market closed yesterday following the report a NYC doctor had the Ebola virus. As the morning progressed investors became more emboldened and pushed the market higher, leaving the major averages near their highs at midday. ECONOMIC EVENTS: In the U.S., a report on new home sales showed that they inched up 0.2% to a 467K rate in September, but August was revised much lower. COMPANY NEWS: Shares of Amazon (AMZN) fell 7.5% after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its report, while a number of others cut their price targets on the shares... Procter & Gamble (PG) rose 3% after the company's Q1 core EPS matched estimates and it announced plans to exit the Duracell personal power business. P&G noted that while no decision has been made on the form of the exit, the company’s current preference is a split-off of the Duracell business into a stand-alone company. MAJOR MOVERS: Among the notable gainers was were Edwards Lifesciences (EW), which rose 11% following the company's "beat and raise" report. Also higher was SodaStream (SODA), which jumped 14% after confirming that it has entered into an agreement with PepsiCo (PEP) specifically focused on a small-scale, limited time test to make certain of PepsiCo’s brands available for use on the company’s at-home beverage system. Among the noteworthy losers was Pandora (P), which dropped 15% after reporting quarterly results that included a sequential drop in listener hours. Also lower was Abercrombie & Fitch (ANF), which fell 5.5% after Goldman Sachs downgraded the stock to a Sell rating in a note to investors. INDEXES: Near midday, the Dow was up 86.67, or 0.52%, to 16,764.57, the Nasdaq was up 16.36, or 0.37%, to 4,469.15, and the S&P 500 was up 8.86, or 0.45%, to 1,959.68.
11:55 EDTPEPSodaStream up 18% after confirming 'small-scale' PepsiCo deal
11:54 EDTPEPSodaStream confirms 'small-scale' PepsiCo agreement
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11:44 EDTPEPSodaStream, PepsiCo tests 'very small scale,' CNBC's Dominic Chu says
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11:25 EDTPEPSodaStream said to test PepsiCo branded products, Bloomberg reports
Bloomberg cites industry newsletter Beverage Digest on SodaStream's (SODA) planned test of PepsiCo (PEP) products in Florida. PepsiCo is looking at various in-home platforms, Bloomberg cites Beverage Digest as having reported.
October 22, 2014
10:44 EDTPEPAnalysts divided on Coca-Cola after revenue miss, profit warning
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07:53 EDTPEPPressure on PepsiCo CEO may be lessened by Coca-Cola struggles, NY Post says
The position that PepsiCo (PEP) CEO Indra Nooyi supports of maintaining the tie-up of the company's snacks and beverages businesses was strengthened after rival Coca-Cola (KO) reported disappointing sales and lowered its outlook, which a "close industry observer" told The New York Post should take some of the Peltz pressure off Nooyi. Reference Link
October 21, 2014
08:07 EDTITWIllinois Tool Works raises FY14 EPS view to $4.57-$4.65 from $4.50-$4.62
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08:07 EDTITWIllinois Tool Works sees Q4 EPS $1.07-$1.15, consensus $1.13
Sees Q4 revenue flat due to currency translation effects, consensus $3.64B.
08:04 EDTITWIllinois Tool Works reports Q3 EPS $1.28, consensus $1.23
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October 20, 2014
15:36 EDTITWNotable companies reporting before tomorrow's open
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October 16, 2014
08:10 EDTPEPPepsiCo should divest Quaker Foods, says Jefferies
Jefferies believes PepsiCo should divest its Quaker Foods North America business since the unit has been a drag on organic sales and operating income growth. The firm views a possible divesture as a potential share catalyst since it thinks such a move would be well received by investors. It keeps a Buy rating on PepsiCo with a $103 price target.
October 13, 2014
07:26 EDTPEPAB InBev has studied potential deal to acquire PepsiCo, Bloomberg says
Anheuser-Busch InBev (BUD), which has a history of growth via acquisition and has been speculated to be targeting peer SABMiller (SBMRY), has also studied whether a merger with PepsiCo (PEP) makes sense, according to Bloomberg, citing people familiar with the matter. The report added that one source said no talks between Anheuser-Busch and Pepsi are ongoing, no deal is imminent, and the scenario is among many that has been examined. The report also noted that Albert Fried views Monster Beverage (MNST) and Keurig Green Mountain (GMCR) as other suitable targets for AB InBev. Reference Link
October 10, 2014
17:14 EDTPEPMarket ends week lower amid global growth worries
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08:38 EDTPEPPepsiCo valuation discount vs. peers to close, says Morgan Stanley
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