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Stock Market & Financial Investment News

News Breaks
December 19, 2012
05:55 EDTCAG, CAG, DFS, DFS, DRI, DRI, KMX, KMX, CCL, CCLCompanies reporting Before the Market Open on Thursday, December 20th
Notable companies reporting before the opening bell include CarMax (KMX), Carnival (CCL), ConAgra (CAG), Darden (DRI) and Discover (DFS),
News For KMX;CCL;CAG;DFS;DRI From The Last 14 Days
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November 19, 2014
08:40 EDTDRIDarden results poised to improve, says Sterne Agee
Following recent management changes and cost cuts by Darden, Sterne Agee thinks the company's financial performance is poised to improve. The firm believes the stock has many potential catalysts, and it raised its price target on the name to $64 from $55 while keeping a Buy rating.
November 18, 2014
16:46 EDTDRIDarden up 2% following restructuring announcement
16:45 EDTDRIDarden to incur one-time charges in 2Q15
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16:43 EDTDRIDarden to clsoe corporate aviation departement, sell planes 'in due course'
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16:43 EDTDRIDarden to restructure Olive Garden, LongHorn field leadership
Darden will eliminate one layer of field operations supervision to provide greater line of sight for restaurant leadership teams. This streamlining is expected to result in improvements in both visibility and accountability as the brand leaders at Olive Garden and LongHorn continue to work on improving the guest experience.
16:41 EDTDRIDarden to eliminate 25 open support positions
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16:40 EDTDRIDarden Chief Human Resources Officer Ng to transition from position
Daisy Ng, Chief Human Resources Officer, will transition out of her role after more than nine years with Darden. Danielle Kirgan, currently SVP, Human Resources, Specialty Restaurant Group and Total Rewards, will assume Ng's position effective January 5, 2015. Ng will assist in the transition and support the work of the board including the work of the Compensation Committee.
16:39 EDTDRIDarden CFO Richmond to retire
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16:37 EDTDRIDarden announces restructuring, strategic actions
Darden Restaurants announced several leadership changes and strategic actions in order to increase the focus on restaurant operations and improve the guest experience. These changes will better position Darden to win the battle for market share across all of its concepts. In addition to improving focus and providing better support for the company's restaurants, the announcement will lead to approximately $20M in annualized cost savings through a reduction in General and Administrative expenses. The company expects savings of approximately $10M this fiscal year which will mitigate anticipated near-term cost increases in dairy, beef and other commodities. Darden Interim CEO Gene Lee stated, "Winning market share, improving same-restaurant-sales and achieving best-in-class profitability are our key operational objectives going forward, so we need to fine-tune our approach to the business to make sure we are laser-focused on these initiatives. The actions announced today are critically important steps in becoming more efficient in how we support the restaurants. This includes limiting the number of distractions that divert our attention from what matters most continually working to improve the food and service we offer our guests."
16:35 EDTDRIDarden reports restructuring, closes aviation department, CFO retirement
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November 17, 2014
10:02 EDTKMXOn The Fly: Analyst Downgrade Summary
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08:32 EDTDFSDiscover reports October net charge-offs 1.53% vs. 1.65% last month
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05:35 EDTKMXCarMax downgraded to Equal Weight from Overweight at Morgan Stanley
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November 16, 2014
19:13 EDTCCLPrincess Cruises ship hit with norovirus, CDC says
The Centers for Disease Control and Prevention reports that 172 on a Princess Cruises Ship have become sick from norovirus. The voyage dates are October 18-November 16. Princess Cruises is a brand of Carnival. Reference Link
November 13, 2014
10:01 EDTDFSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ATK (ATK) downgraded to Hold from Buy at Argus... Adeptus Health (ADPT) downgraded to Hold from Buy at Deutsche Bank... American Woodmark (AMWD) downgraded to Neutral from Buy at Longbow... Avnet (AVT) downgraded to Sell from Neutral at Goldman... Baxano Surgical (BAXS) downgraded to Sell from Buy at Summer Street... Beazer Homes (BZH) downgraded to Neutral from Overweight at JPMorgan... Bristol-Myers (BMY) downgraded to Equal Weight from Overweight at Morgan Stanley... Centene (CNC) downgraded to Market Perform from Outperform at FBR Capital... Cherry Hill Mortgage (CHMI) downgraded to Equal Weight from Overweight at Barclays... Discover (DFS) downgraded to Hold from Buy at Deutsche Bank... Fleetmatics (FLTX) downgraded to Neutral from Buy at BofA/Merrill... Gazprom (OGZPY) downgraded to Neutral from Overweight at JPMorgan... Jabil Circuit (JBL) downgraded to Neutral from Buy at Goldman... LabCorp (LH) downgraded to Hold from Buy at Deutsche Bank... Laredo Petroleum (LPI) downgraded at BMO Capital... Macy's (M) downgraded to Market Perform from Outperform at Wells Fargo... Madison Square Garden (MSG) downgraded to Equal Weight from Overweight at Morgan Stanley... Marvell (MRVL) downgraded to Sell from Neutral at Goldman... Meritor (MTOR) downgraded to Neutral from Overweight at Piper Jaffray... Swedbank (SWDBY) downgraded to Underperform from Sector Perform at RBC Capital... TransGlobe (TGA) downgraded to Sector Perform from Outperform at Scotia Capital... UIL Holdings (UIL) downgraded to Hold from Buy at Argus... Verint Systems (VRNT) downgraded to Fair Value from Buy at CRT Capital... ZAIS Financial (ZFC) downgraded to Equal Weight from Overweight at Barclays.
09:30 EDTDFSDiscover COO says U.S. consumer 'not great'
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08:35 EDTDRIDarden announces corporate governance reforms
Darden Restaurants is implementing a number of reforms and the board has also recommended changes that would require shareholder approval at the company's 2015 Annual Meeting of Shareholders. The changes include, but are not limited to: termination of the company's Shareholder Rights Plan the company has eliminated the Poison Pill by amending the Rights Agreement to expire on November 28, 2014 rather than May 25, 2015; the company has adopted a majority voting standard in uncontested elections; the company has amended its political engagement and disclosure policy to provide additional disclosure of its political contributions and lobbying efforts; the board has resolved to recommend for shareholder approval, at the company's next annual meeting, an amendment to the Charter to provide a 10% voting threshold to call a special meeting; the board has recommended for shareholder approval an amendment to the relevant provisions of the Charter to eliminate the supermajority requirement. The board also adopted a revised peer group for compensation benchmarking, which better matches the company's size and profile. This new peer group will assist the board in further aligning compensation practices with shareholder interests.
05:39 EDTDFSDiscover downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Discover (DFS) to Hold with a $68 price target citing valuation and high expectations for loan growth. The firm sees a better risk/reward in shares of Capital One (COF), which it initiated this morning with a Buy.
November 12, 2014
13:41 EDTCAGConAgra calls active as shares near 13-month high
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07:28 EDTDFSBofA/Merrill to hold a conference
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