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Stock Market & Financial Investment News

News Breaks
February 14, 2014
16:33 EDTVSI, RATE, ACO, JOSB, GNC, CRAY, VFC, WTW, MTX, MWOn The Fly: Closing Wrap
Stocks on Wall Street were higher in a session that saw the Dow lead gains, with the blue-chip index logging a triple-digit advance. With today's gains, each of the indexes logged weekly gains better than 2% as the Dow and S&P continue to move back towards record highs. ECONOMIC EVENTS: In the U.S., import prices edged up 0.1% and export prices rose 0.2% in January. Industrial production fell 0.3% in January, versus expectations for it to have grown 0.3%. The preliminary February University of Michigan consumer confidence reading was unchanged from the final January figure at 81.2. In Europe, the eurozone's economy expanded at a 0.3% pace last quarter, versus analysts' consensus for expansion of 0.2%. COMPANY NEWS: Jos. A. Bank (JOSB) gained 20c, or 0.36%, to $55.12 announced a deal to buy Everest Holdings, the parent company of the Eddie Bauer brand, for cash and stock worth about $825M. Jos. A. Bank, which is also being pursued by peer Men's Wearhouse (MW), said the deal give it the right to terminate its agreement in the event an unsolicited offer is made that the company determines would "reasonably be expected to create greater value" for shareholders. Jos. A. Bank also said it will buy back 4.6M of its common shares, or 16.4% of its outstanding shares, if the Eddie Bauer deal moves forward. Afterward, Men's Wearhouse said will evaluate its options with regard to Jos. A. Bank, and shares of Men's Wearhouse fell $2.46, or 5.29%, to $44.07 following the news... Global apparel company VF Corp. (VFC) fell $3.04, or 5.08%, to $56.85 after its fourth quarter profit and sales fell short of estimates. The North Face, Timberland and Vans owner also cautioned on its fiscal 2014 results, giving a profit outlook that missed expectations and saying it sees 7%-8% revenue growth. MAJOR MOVERS: Among the notable gainers was AMCOL International (ACO), up $3.92, or 9.485, to $45.27 after Minerals Technologies (MTX) made a proposal to acquire the company for $42 per share in cash. On Wednesday of this week, AMCOL announced a merger agreement with Imerys S.A. worth $41 in cash per share of the company. Mineral Technologies, which said the deal would be immediately accretive to its earnings, saw shares edge up 32c, or 0.60%, to $53.40 for the session. Also higher following better than expected quarterly reports were supercomputer maker Cray (CRAY), up $11.69, or 39.01%, to $41.66 and personal finance publisher Bankrate (RATE), up $3.40, or 19.54%, to $20.80. Among the noteworthy losers was Weight Watchers (WTW), down $8.48, or 27.73%, to $22.10 after its fourth quarter profit missed expectations and the company sharply cut its fiscal 2014 earnings outlook. Also lower was health and wellness retailer GNC Holdings (GNC), down $7.67, or 14.64%, to $44.72 after cutting its fiscal 2014 profit outlook. GNC's vitamin peer Vitamin Shoppe (VSI) fell $2.61, or 5.90%, to $41.64 in sympathy. INDEXES: The Dow was up 126.80, or 0.79%, to 16,154.39; the S&P 500 was up 8.80, or 0.48%, to 1,838.63; the Nasdaq was up 3.35, or 0.08%, to 4,244.02.
News For JOSB;MW;VFC;ACO;MTX;CRAY;RATE;WTW;GNC;VSI From The Last 14 Days
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March 30, 2015
12:53 EDTGNCNY AG Schneiderman announces agreement with GNC
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07:02 EDTGNCGNC Holdings reaches agreement with New York Attorney General
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07:02 EDTGNCGNC Holdings reaches agreement with New York Attorney General
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06:47 EDTGNCGNC Holdings to implement additional quality control measures, NY Times says
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March 26, 2015
07:11 EDTMTXGabelli to hold a conference
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March 25, 2015
10:22 EDTMWMen's Wearhouse management to meet with Jefferies
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March 24, 2015
11:25 EDTWTWWeight Watchers volatility increases as shares trend lower
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March 20, 2015
16:11 EDTRATEBankrate receives NYSE notice of non-compliance
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March 19, 2015
07:17 EDTRATEStephens to hold a conference
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06:12 EDTWTWCare.com appoints Michael Echenberg EVP and CFO
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March 18, 2015
10:23 EDTWTWWeight Watchers volatility elevated
Weight Watchers March call option implied volatility is at 68, April is at 75, July is at 61; compared to its 26-week average of 48 according to Track Data, suggesting large near term price movement.
March 17, 2015
10:13 EDTMWOptions with decreasing implied volatility
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10:00 EDTWTWOn The Fly: Analyst Downgrade Summary
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08:33 EDTRATEBankrate sees Q4 revenue $136.5M, consensus $138.95M
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06:25 EDTWTWWeight Watchers downgraded to Underperform from Neutral at Credit Suisse
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