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Stock Market & Financial Investment News

News Breaks
February 12, 2013
12:24 EDTLVLT, BCS, KORS, KO, VAL, AVPOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday as investors may be remaining on the sideline ahead of President Obama’s State of the Union address... ECONOMIC EVENTS: In the U.S., the economic calendar was fairly light for a second straight day. The Labor Department reported job openings fell by 173K in December to 3.62M from a more than four-year high set in the prior month. Also, the Group of Seven urged countries to refrain from competitive devaluations, stating it remained committed to "market-determined" exchange rates... COMPANY NEWS: Coca-Cola (KO) was the worst performing member of the Dow Jones Industrial Average, sliding nearly 3% after reporting earnings that just beat consensus on revenue that just missed analyst forecasts. The company said global unit case volume rose 3% during the quarter and that it expects economic volatility to extend through 2013... MAJOR MOVERS: Among the notable gainers were Avon Product (AVP), which rose over 19% and Michael Kors (KORS), which advanced 10% after their earnings reports. Also higher were shares of Barclays (BCS), which gained more than 8% after the company also reported quarterly results but additionally said it expects to reduce its headcount by at least 3,700 in 2013. Among the noteworthy losers were Level 3 (LVLT), down nearly 11%, and Valspar (VAL), down over 7% after their earnings reports... INDICES: Near noon, the Dow was up 37.58, or 0.27%, to 14,008.82; the Nasdaq was down 4.05, or 0.13%, to 3,187.95; and the S&P 500 was up 1.96, or 0.13%, to 1,518.97.
News For KO;BCS;AVP;KORS;LVLT;VAL From The Last 14 Days
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March 27, 2015
09:37 EDTBCSGoldman Sachs overtakes JPMorgan in commodities rankings, Reuters says
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07:59 EDTLVLTLevel 3 volatility at low end of historic range as shares near six-year high
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06:08 EDTBCSJiayuan.com engages financial advisor, legal counsel to evaluate proposal letter
Jiayuan.com (DATE) announced that the special committee of the company's board has retained Barclays Bank (BCS) as its financial advisor and Davis Polk & Wardwell as its legal counsel in connection with its review and evaluation of the non-binding proposal letter, dated March 3, from Vast Profit Holdings that proposes a "going-private" transaction involving the acquisition of all of the outstanding ordinary shares of the company not already owned by Vast Profit. Paul Hastings LLP is acting as the company's legal counsel. The board cautions the company's shareholders and others considering trading in the company's securities that no decisions have been made by the Special Committee with respect to the company's response to the proposal and there can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.
March 26, 2015
14:08 EDTKOPepsi regains number two spot from Diet Coke in cola wars, AP says
Pepsi (PEP) regained the number two spot from Diet Coke (KO) in the cola wars. Diet Coke had knocked Pepsi off the number two spot back in 2010, AP reports. Reference Link
07:11 EDTVALGabelli to hold a conference
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March 25, 2015
18:16 EDTBCSSFX Entertainment CEO Sillerman engages Barclays Capital, Jefferies
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March 24, 2015
17:04 EDTAVPPG&E names Julie Kane as Chief Ethics and Compliance Officer
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March 22, 2015
17:16 EDTKORSMichael Kors looks inexpensive, Barron's says
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March 20, 2015
11:26 EDTLVLTLevel 3 management to meet with Oppenheimer
Meeting to be held in Europe on March 23 hosted by Oppenheimer.
March 19, 2015
06:53 EDTKOCoca-Cola CEO to raise marketing budget, revamp distribution network, WSJ says
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March 18, 2015
10:31 EDTKOPepsiCo's valuation low vs. peers, says Credit Suisse
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10:06 EDTKORSMichael Kors recent headwinds provide a buying opportunity, says BofA/Merrill
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09:36 EDTKOActive equity options trading on open
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07:27 EDTBCSFreeport seeks funding from Blackstone, Apollo, Reuters says
Freeport McMoRan (FCX) has hired Goldman Sachs (GS) and Barclays (BCS) to find private equity firms willing to finance certain of its energy projects and asset developments, reports Reuters, citing people familiar with the matter. Freeport is in talks with Blackstone (BX), Apollo (APO), and Warburg Pincus about a potential partnership. The sources say the firm may be seeking "several billion dollars," though discussions are in "very early" stages. Reference Link
07:20 EDTBCSU.S. considers 'tearing up' non-prosecution deals with banks, Bloomberg says
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March 17, 2015
16:00 EDTKOOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.
14:37 EDTBCSCiti, Barclays near $800M settelement of forex suit, WSJ says
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March 16, 2015
14:08 EDTBCSEU regulator says time for fine-tuning, Reuters says
The Basel Committee on Banking Supervision believes the necessary bank regulatory framework is in place though some additional work must be done to finalize leverage ratio and capital floor rules, Reuters reported yesterday, citing statements by secretary-general William Coen at a financial conference in Doha. Coen added, "We're now at the state where we can take a step back and look to see how [the regulations] fit together," cautioning that further analysis must be data-driven but admitting that both banks and regulatory bodies were feeling "regulation fatigue." Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
March 15, 2015
18:04 EDTKODavid Winters says Coca-Cola CEO declined bonus not enough, Reuters says
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