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Stock Market & Financial Investment News

News Breaks
February 5, 2014
11:57 EDTBID, JCP, WTW, GPOR, JOSBOptions with increasing implied volatility: JCP JOSB WTW BID GPOR
News For JCP;JOSB;WTW;BID;GPOR From The Last 14 Days
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April 24, 2014
08:26 EDTBIDSotheby's backs nominees, notes ISS rejected one of Third Point's nominees
Sotheby's issued a statement regarding a report by Institutional Shareholder Services, stating in part: "We believe that Sotheby's shareholders should vote for all of Sotheby's director nominees. We note that ISS rejected one of Third Point's nominees and recommends that shareholders vote for our Say on Pay proposal...Now is not the time to diverge from Sotheby's leadership and its strategic plan. We believe that replacing any of Sotheby's director nominees with Mr. Loeb or any of his handpicked nominees could negatively impact shareholder value."
08:07 EDTBIDISS supports two of Third Point's nominees for Sotheby's board
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06:30 EDTJOSBMen's Wearhouse extends tender offer for Jos. A. Bank to May 7
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April 23, 2014
17:28 EDTBIDSotheby's reports preliminary Net Auction Sales up 40% to $730M
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08:08 EDTGPORGulfport Energy names Michael Moore CEO, Ross Kirtley COO
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08:08 EDTGPORGulfport Energy promotes Michael Moore to CEO, J. Ross Kirtley to COO
Gulfport Energy announced that its board has concluded its nationwide search with Preng & Associates for a CEO. The board announced that Michael G. Moore has been promoted to CEO and has joined the company's board and J. Ross Kirtley has been promoted to COO. In addition, following a concurrent search for directors also led by Preng & Associates, Michael S. Reddin has been appointed to the company's board. Moore was formerly Interim CEO and CFO. Kirtley was formerly COO for the company's Ohio activities.
April 22, 2014
05:47 EDTJCPStocks with implied volatility movement; JCP CRM
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April 21, 2014
12:57 EDTBIDThird Point urges Sotheby's shareholders to support director nominees
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April 17, 2014
13:47 EDTBIDSotheby's issues presentation refuting Third Point's claims
Sotheby's issued an investor update presentation refuting claims made by Dan Loeb's Third Point, which holds a considerable stake in the company and is seeking to place members on the company's board, among other things. Sotheby's said, in part, that it has, "consistently delivered strong, long-term performance and is executing a clear strategy to drive continued growth and profitability." The company said that its FY13 revenue grew 11% with earnings growing 20%, and the company notes that Loeb has said the company did not have a strong FY13. Sotheby's said that it does not believe Loeb possesses the long-term focus necessary to drive value for all shareholders of the company. Shares of Sotheby's are unchanged in afternoon trade. Reference Link
April 16, 2014
08:09 EDTGPORGulfport Energy price target raised to $100 from $85 at Wunderlich
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April 15, 2014
07:38 EDTBIDLoeb says Sotheby's accusations 'misleading,' Reuters says
Activist investor Daniel Loeb, who is fighting to gain control of three board seats at Sotheby's, increased tension by saying that the current board has failed and that its accusations on him are "false" and "misleading," according to Reuters, citing comments from Loeb. Reference Link
07:22 EDTGPORGlobal Hunter Securities to hold a conference
1:1 Dallas Energy Day is being held in Dallas on April 15.
April 11, 2014
14:26 EDTJCPCBL & Associates expects more J.C. Penney closures
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April 10, 2014
07:38 EDTJOSBMen's Wearhouse extends expiration date of Jos. A. Bank offer to April 23
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