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Stock Market & Financial Investment News

News Breaks
January 2, 2013
10:02 EDTSXL, SKUL, HOT, TGT, TLYS, WLP, JWN, KSS, H, ROST, NTLS, ANN, ASNA, BF.B, NOV, IDA, LNKD, MR, AEO, LNTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Alliant Energy (LNT) downgraded to Market Perform from Outperform at Wells Fargo... American Eagle (AEO) downgraded to Hold from Buy at Jefferies... Ann Inc. (ANN) downgraded to Hold from Buy at Jefferies... Ascena Retail (ASNA) downgraded to Neutral from Buy at Citigroup... Brown Forman (BF.B) downgraded to Underweight from Equal Weight at Morgan Stanley... Hovnanian (HOV) downgraded to Neutral from Buy at UBS... IDACORP (IDA) downgraded to Market Perform from Outperform at Wells Fargo... LinkedIn (LNKD) downgraded to Equal Weight from Overweight at Barclays... Mindray Medical (MR) downgraded to Neutral from Outperform at Credit Suisse... NTELOS (NTLS) downgraded to Neutral from Overweight at JPMorgan... Ross Stores (ROST) downgraded to Neutral from Buy at Citigroup... Skullcandy (SKUL) downgraded to Underperform from Buy at Jefferies... Starwood Hotels (HOT) downgraded to Neutral from Buy at SunTrust... Target (TGT) downgraded to Hold from Buy at Jefferies... Tilly's (TLYS) downgraded to Neutral from Overweight at Piper Jaffray... Wellpoint (WLP) downgraded to Neutral from Outperform at Credit Suisse... Nordstrom (JWN) downgraded to Neutral from Buy at Buckingham... Kohl's (KSS) downgraded to Neutral from Buy at Buckingham... Sunoco Logistics (SXL) downgraded to Hold from Accumulate at Tudor Pickering... Hyatt Hotels (H)downgraded to Neutral from Buy at ISI Group.
News For B;NOV;IDA;LNKD;MR;NTLS;ROST;SKUL;HOT;TGT;TLYS;WLP;JWN;KSS;H;SXL From The Last 14 Days
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September 9, 2014
07:02 EDTHCoach names Gebhard Rainer as president and COO, effective September 29
Coach (COH) announced the appointment of Gebhard Rainer, as President and COO, effective September 29. Rainer joins Coach from Hyatt Hotels Corporation (H), where he most recently held the position of Executive Vice President and CFO. Rainer is filling a position that has been vacant since September 2013.
06:54 EDTWLPWellPoint still sees FY14 adjusted EPS over $8.60, consensus $8.71
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September 8, 2014
16:57 EDTHHyatt Hotels CFO Rainer to step down, effective September 26
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12:29 EDTTGTHome Depot victim of same malware that hit Target, Krebs reports
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September 4, 2014
12:49 EDTWLPJudges to revisit ObamaCare subsidies decision, The Hill reports
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09:16 EDTKSSPVH Corp. says 'cautiously optimistic' about 2H14
PVH Corp. (PVH) sees continued momentum of 5% whole sale growth for the spring season in its Tommy Hilfiger business. Says seeing early signs of positive consumer reception in European and Asian markets in its jeans business. Says Heritage business seeing pressure from promotional retail environment, but the unit remains well positioned for "strong growth" in the future. Says Izod brand is set to launch at all major Kohls (KSS) stores. Believes that this launch will drive the company's turnaround plan in 2H14. Says "well positioned" for targeted earnings growth. Says August sales trends in Calvin Klein and Tommy Hilfiger are currently ahead of sales plan. Continues to see debt pay-downs on track for $400M for the year. Comments made during the company's Q2 earnings conference call.
09:01 EDTJWNNordstrom board authorizes $1B share repurchase program
Nordstrom announced that its board of directors has authorized a repurchase program of up to $1B of the company’s outstanding common stock, through March 1, 2016. The company intends to fund the repurchase program from existing cash on hand. The actual number and timing of share repurchases, if any, will be subject to market conditions and applicable Securities and Exchange Commission rules. This program is in addition to the company’s existing repurchase program that was approved by the board in February 2013. The existing repurchase program has $323Mn outstanding as of September 3, 2014, and will expire on March 1, 2015.
08:25 EDTTGTHome Depot could see less impact than Target from data breach, says BMO Capital
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05:45 EDTHOTStarwood opens tenth hotel in Turkey
Starwood Hotels & Resorts Worldwide announced the official opening of its tenth hotel in Turkey, the Sheraton Adana Hotel, in partnership with SERKA Turizm A.ª., an Adali Holding Company. The new Sheraton Adana Hotel will be ideally located on the bank of the Seyhan River in the center of Adana, Turkey’s fifth largest city located in the southern region of the country.
September 3, 2014
16:57 EDTSXLSunoco Logistics files to sell $1B common units
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14:55 EDTWLPObamaCare business exchange to launch in 5 states next month, The Hill says
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10:01 EDTHHyatt Hotels announces plans for a Park Hyatt Hotel in Brazil
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10:00 EDTKSSOn The Fly: Analyst Upgrade Summary
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07:49 EDTKSSKohl's upgraded to Buy from Hold at Maxim
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07:32 EDTKSSKohl's upgraded to Buy from Hold at Maxim
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07:10 EDTKSSKohl's upgraded to Buy from Hold at Maxim
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07:05 EDTJWNNordstrom in talks to be early merchant partner with Apple, Bank Innovation says
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07:03 EDTKSSKohl's announces partnership with AwesomenessTV
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06:50 EDTLNKDLinkedIn examines censorship rules in China, Bloomberg says
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06:34 EDTWLPNext Obamacare enrollment period may be very difficult, NY Times says
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