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Stock Market & Financial Investment News

News Breaks
November 7, 2012
05:55 EDTKSS, KSS, DUK, DUK, VMC, VMC, WIN, WIN, PPL, PPL, FE, FE, DF, DFCompanies reporting Before the Market Open on Thursday, November 8th
Notable companies reporting before the opening bell include Dean Foods (DF), Duke Energy (DUK), FirstEnergy (FE), Kohl's (KSS), PPL Corp. (PPL), Vulcan Materials (VMC) and Windstream (WIN).
News For KSS;DUK;VMC;WIN;PPL;FE;DF From The Last 14 Days
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May 22, 2013
08:03 EDTKSSKohl's announces Michelle Gass as Chief Customer Officer
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07:39 EDTDUKWolfe Trahan to host a conference
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May 20, 2013
15:35 EDTPPLU.S. Supreme Court rules for PPL in foreign tax case
By a unanimous 9-0 decision, the U.S. Supreme Court overturned a federal appeals court ruling on that had denied PPL's claim of a credit against its U.S. income taxes for a "windfall tax" paid to the government of the United Kingdom. In the decision, the Supreme Court ruled that "the economic substance of the U.K. windfall tax is that of a U.S. income tax ... therefore the tax is creditable... We agree with PPL and conclude that the predominant character of the windfall tax is that of an excess profits tax, a category of income tax in the U.S. sense," the court wrote in its opinion. "The U.S. tax code allows companies to claim a credit for payment of foreign taxes that are similar in substance to U.S. income taxes. We have held throughout the process that because the U.K. windfall tax was based on income, it should therefore be creditable against our U.S. income taxes. We are pleased not only that the Supreme Court agreed, but that the agreement was unanimous," said Robert Grey, PPL executive vice president, general counsel and secretary.
12:59 EDTPPLRuling on PPL may have positive read-through for other utilities, Reuters says
The Supreme Court ruled PPL (PPL) can claim $39M in U.S. foreign tax credits against a 1997 British windfall tax and other utility companies, like Entergy (ETR) and American Electric Power (AEP), are in the same position, having been hit by the windfall tax after they acquired British utility companies that were later privatized, reported Reuters. Reference Link
12:57 EDTPPLSupreme court rules in favor of PPL on foreign tax credits
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11:16 EDTWINWindstream awarded Federal Government GSA local services contract
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May 17, 2013
07:45 EDTKSSKohl's risk/reward remains attractive, says RW Baird
Baird views the risk/reward for Kohl's as attractive following Q1 results. The firm cited effective inventory management despite disappointing sales, easier comps, and ongoing initiatives to improve operations. Shares are Outperform rated with a $57 price target.
May 16, 2013
18:56 EDTDFOn The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations.
18:04 EDTDUKDuke Energy shuts down nuclear power plant for repairs
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17:19 EDTDFDean Foods to be added to S&P 400; Kansas City Southern deleted on 5/23
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17:18 EDTDFKansas City Southern to be added to S&P 500; Dean Foods deleted on 5/23
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16:37 EDTFEFirstEnergy unit's nuclear power plant returns to service
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14:44 EDTKSSKohl's can beat Q2 guidance, says RW Baird
RW Baird believes that easier comps and pent-up demand for spring/summer merchandise could enable Kohl's to beat its in-line Q1 EPs guidance. The firm thinks the company has several upcoming positive catalysts and keeps an Outperform rating on the stock.
09:32 EDTKSSKohl's spikes sharply after earnings beat, levels to watch
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09:19 EDTKSSOn The Fly: Pre-market Movers
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07:59 EDTDUKFERC to hold an open commission meeting
The Commission holds a meeting to discuss matters relating to companies including NorthWestern Corp (NWE), Allete (ALE), Ameren Illinois Company (AEE) and Duke Energy Indiana (DUK) at FERC Washington, D.C. offices on May 16 at 10 am. Webcast Link
07:04 EDTKSSKohl's sees Q2 EPS $1.00-$1.08, consensus $1.05
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07:03 EDTKSSKohl's reports Q1 SSS down 1.9%
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07:02 EDTKSSKohl's reports Q1 EPS 66c, consensus 58c
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May 15, 2013
15:11 EDTKSSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.15; Kohl's (KSS), consensus 58c; Flowers Foods (FLO), consensus 42c; Brady Corp. (BRC), consensus 60c; Prestige Brands (PBH), consensus 35c.
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