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Stock Market & Financial Investment News

News Breaks
July 8, 2014
09:20 EDTLUK, GCILeucadia CFO Orlando to retire, Gendron named replacement
Leucadia (LUK) announced that effective September 1, Teresa Gendron will become Leucadia’s CFO, succeeding Joseph Orlando, who is retiring then for orthopedic health reasons. Gendron was most recently the vice president and controller of Gannett (GCI), in which role she was Gannett’s Chief Accounting Officer from 2011.
News For LUK;GCI From The Last 14 Days
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December 16, 2014
07:46 EDTLUKJefferies says pursuing strategic alternatives for Bache business
Jefferies says "As a result of the growth and margin challenges we have recently faced in the Bache business we acquired in mid-2011, we are pursuing strategic alternatives for this business, and discussions with third parties in this regard are already underway. We are focused on the potential combination of Bache with another similar business that improves the combined businesses’ competitive standing and margin. In connection with this, we have reversed the entire $52M in goodwill and $8M of the intangible assets that were both allocated to the Bache business as a function of the purchase accounting that arose upon our 2013 transaction with Leucadia."
December 10, 2014
11:41 EDTGCIGannett sees 2014 reported revenue up 16%, consensus $5.98B
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11:36 EDTGCIGannett sees Q4 EPS $1.00-$1.02, consensus $1.02
Gannett executives at the UBS Global Media and Communications Conference provided an update on the company's ongoing strategy and gave guidance. CFO Victoria Harker said, "Based on the trends we currently see, we estimate fourth quarter EPS to be in the range of $1.00 to $1.02."
07:53 EDTGCIUBS to hold a conference
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