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Stock Market & Financial Investment News

News Breaks
February 14, 2014
09:13 EDTTRLA, CHGG, CIEN, VFC, OXY, MW, MHR, GNC, PHMD, CLF, WTW, JOSB, A, LOGM, ERIC, LCAV, SJM, CPBOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Campbell Soup Company (CPB), up 4%... Cliffs Natural Resources (CLF), up 6.8%... LogMeln (LOGM), up 23%. ALSO HIGHER: LCA Vision (LCAV), up 27% after PhotoMedex (PHMD) agreed to buy the company for $5.37 per share... Ciena (CIEN), up 6.2% after announcing global agreement with Ericsson (ERIC)... Magnum Hunter (MHR), up 7.8% after announcing gas discovery in first Utica Shale well... Occidental Petroleum (OXY), up 2.8% after authorizing the separation of Occidental’s California assets into an independent and separately traded company. DOWN AFTER EARNINGS: Weight Watchers (WTW), down 22.5%... VF Corp. (VFC), down 7%... GNC Holdings (GNC), down 14%... J.M. Smucker Company (SJM), down 4.6%... Chegg (CHGG), down 10.5%... Trulia (TRLA), down 13.5%... Agilent (A), down 6.5%. ALSO LOWER: Jos. A. Bank (JOSB), down 1.3% after agreeing acquire Everest Holdings, parent of Eddie Bauer, for $825M. Men's Wearhouse (MW), which has offered to buy Jos. A. Bank previously, is down 7.6%.
News For JOSB;MW;CPB;WTW;OXY;SJM;CLF;VFC;LCAV;PHMD;CIEN;ERIC;GNC;CHGG;LOGM;MHR;TRLA;A From The Last 14 Days
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June 30, 2015
11:26 EDTCPBCampbell Soup July call activity attributed to takeover speculation
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11:19 EDTCPBRumor: Campbell Soup strength attributed to takeover speculation
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07:25 EDTMHRMagnum Hunter provides update on previously disclosed class action lawsuit
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05:38 EDTERICEricsson announces LTE expansion contract with Chunghwa Telecom
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June 29, 2015
16:44 EDTCPBCampbell Soup completes acquisition of Garden Fresh Gourmet
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08:32 EDTCPBCampbell Soup names CEO Morrison as co-chair of CGF board
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June 26, 2015
07:14 EDTWTWWeight Watchers price target lowered to $4 from $5 at Credit Suisse
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June 25, 2015
10:00 EDTMHROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Buy from Neutral at BofA/Merrill... Eli Lilly (LLY) upgraded to Buy, added to US 1 List at BofA/Merrill... Finish Line (FINL) upgraded to Buy from Neutral at B. Riley... Gran Tierra (GTE) upgraded to Buy from Hold at Canaccord... Greenhill & Co. (GHL) upgraded to Buy from Sell at Goldman... Magnum Hunter (MHR) upgraded to Equalweight from Underweight at Capital One... Marathon Oil (MRO) upgraded to Buy from Neutral at UBS... Newpark Resources (NR) upgraded to Strong Buy from Outperform at Raymond James... Office Depot (ODP) upgraded to Outperform from Market Perform at Telsey Advisory... Quanex (NX) upgraded to Outperform from In-Line at Imperial Capital... Vestas Wind (VWDRY) upgraded to Outperform from Neutral at Exane BNP Paribas... Web.com (WWWW) upgraded to Buy from Neutral at B. Riley... NRG Yield upgraded to Outperform from Market Perform at Avondale.
08:33 EDTMHRMagnum Hunter upgraded to Equalweight from Underweight at Capital One
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06:48 EDTMHRMagnum Hunter 'determined' to pursue sale of 100% of interest in Eureka Hunter
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June 24, 2015
16:18 EDTVFCVF Corp. appoints Steven E. Rendle as COO
VF Corporation has appointed Steven E. Rendle as President & COO and elected him to VF’s board.
10:38 EDTERICEricsson announces deal with SaskTek to provide M2M connectivity
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05:31 EDTERICEricsson provides update on cost and efficiency program
The global cost and efficiency program, announced at Ericsson's Capital Markets Day on November 13, 2014, is progressing according to plan. The ambition is to achieve savings of approximately SEK 9B., with full effect during 2017. As part of the global program, on March 11, 2015, Ericsson announced that 2,200 positions in Sweden, mainly in R&D and Supply, were subject to notice. As the next step of this activity, individuals on different locations in Sweden have been given notice during June. In total, there will be a reduction of approximately 2,100 positions, with some 1,700 employees leaving the company.For Q2, restructuring costs of approximately SEK 2.5B are expected. These estimated costs include normal ongoing restructuring as well as charges related to the cost and efficiency program, this quarter primarily driven by changes in Sweden. Savings related to this specific activity will start to impact results towards the end of 2015.
June 23, 2015
09:33 EDTPHMDPhotoMedex mentioned positively in a Seeking Alpha blog
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09:14 EDTPHMDOn The Fly: Pre-market Movers
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09:02 EDTPHMDPhotoMedex reports 'strong' sales of no!no! during recent events
PhotoMedex announces two very successful live television home shopping sales events, one in the U.S. at the end of May and the other in the UK at mid-June. Consumers purchased approximately 17,400 units of no!no! Hair and retail sales of nearly $3.5M in a 24-hour period in the U.S. The company’s unit sales exceeded its pre-event expectations, and also exceeded a similar event on home shopping in May 2014 by approximately 4,000 units. In the UK, an event was held on a separate home shopping network exceeding the targeted expectations by completely selling out inventory purchased for the event.
08:05 EDTPHMDPhotoMedex sells XTRAC, VTRAC businesses to MELA for $42.5M in cash
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June 22, 2015
07:03 EDTWTWWeight Watchers to prepay portion of initial Tranche B-1 term loans
Weight Watchers commenced an offer to prepay at a discount to par up to $229M of Initial Tranche B-1 Term Loans outstanding under, and as defined in, and pursuant to the terms of, the Credit Agreement among the company, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent and an issuing bank, The Bank of Nova Scotia, as revolving agent, swingline lender and an issuing bank, and the other parties thereto. On June 22, 2015, the company accepted offers with a discount equal to or greater than 9.00% in respect of the Initial Tranche B-1 Term Loans. To complete the prepayment of the accepted offers, on June 26, 2015, the company will expend an aggregate amount of cash proceeds totaling approximately $77.2M plus an amount sufficient to pay accrued and unpaid interest on the amount to be prepaid to prepay approximately $84.9M of the Initial Tranche B-1 Term Loans, resulting in approximately $7.6 million in savings on the payment.
June 19, 2015
17:27 EDTMHRRelational Investors lowers stake in Magnum Hunter to 10.51% from 13.2%
15:57 EDTMHRMagnum Hunter spikes after senior bank loan extended
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