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Stock Market & Financial Investment News

News Breaks
February 26, 2013
05:55 EDTMAN, MAN, ADS, ADS, LRN, LRN, CTAS, CTAS, MINI, MINI, CLH, CLH, COCO, COCO, WNS, WNSRW Baird to host a conference
2013 Business Solutions Conference is being held in New York on February 26-27.
News For MAN;ADS;LRN;CTAS;MINI;CLH;COCO;WNS From The Last 14 Days
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February 5, 2016
07:32 EDTMINIMobile Mini reports Q4 adjusted EPS 41c, consensus 39c
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07:31 EDTMINIMobile Mini board raises quarterly diviend 10% to 20.6c per share
The company's Board of Directors increased the company's first quarter 2016 cash dividend to 20.6c per share, a 10% increase as compared to the preceding period. The dividend will be paid on March 23, 2016 to shareholders of record on March 9, 2016.
February 4, 2016
07:40 EDTADSAlliance Data to provide credit card program for Boscov's
Alliance Data's Columbus, Ohio-based card services business has signed a new long-term agreement to provide private label credit card services for Boscov's Department Store. Based in Reading, Pennsylvania, Boscov's is the largest family-owned department store chain in the U.S. Boscov's will leverage Alliance Data's MyLoyalty App capabilities. In addition, Alliance Data has signed an agreement to purchase the existing Boscov's portfolio of private label credit card accounts, subject to customary closing conditions. The portfolio has a size of approximately $200M. Closing of the portfolio purchase is expected in Q1.
February 3, 2016
07:44 EDTMANManpower appoints John McGinnis as CFO
ManpowerGroup has appointed John "Jack" T. McGinnis as Executive VP, CFO, effective February 15. McGinnis joins from Morgan Stanley where he was Global Controller. Michael Van Handel will retire from his role as CFO and become Senior Executive VP, effective the same day.
07:32 EDTMANManpower sees Q1 EPS 87c-95c, consensus 93c
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07:32 EDTMANManpower reports Q4 EPS $1.66, consensus $1.52
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07:14 EDTCLHVertex Energy sells Nevada facility for $35M to Clean Harbors
Vertex Energy (VTNR) has sold its Nevada re-refinery facility, which is located in Churchill County, to Clean Harbors (CLH) for $35M, of which approximately $14M was immediately used at closing to purchase the facility and equipment previously leased by Vertex Energy in order to facilitate such sale. Benjamin P. Cowart, Chairman and CEO of Vertex Energy, said, "This transaction benefits Vertex Energy in a variety of ways, not the least of which is by strengthening our balance sheet. As we noted in our third quarter Form 10-Q filing and on the conference call that followed, the Churchill County facility had an average carrying cost of $1.5 million per quarter. We eliminate those costs with this transaction. At the end of the third quarter of 2015, our cash and cash equivalents were over $4 million. This sale and related transactions will bring that cash position to more than $10 million. We also used $16 million of sale proceeds to pay down our term debt."
February 2, 2016
07:32 EDTADSEpsilon signs multi-year gareement with Lamps Plus
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January 29, 2016
08:48 EDTADSAlliance Data outlook not as bad as feared, says JMP Securities
JMP Securities says that Alliance Data's 2016 credit guidance implies "a slightly larger pace of 'normalization' of loss rates than what was articulated three months earlier." However, the firm says that the company's loss rate guidance did not actually change, while the credit indicators suggest that the company's outlook is much more stable than the shares indicate. JMP cut its price target on the name to $260 from $330 to reflect weaker market sentiment but keeps an Outperform rating on the shares.
07:46 EDTADSAlliance Data selloff on credit quality worries overdone, says Stephens
Stephens analyst Brett Huff said the sharp decline yesterday in Alliance Data shares presents a buying opportunity as the credit quality scenario being priced in for its card business is "overly pessimistic." Huff continues to think Alliance Data can hit its 2016 earnings guidance, but also thinks the market has re-valued the credit business with a lower multiple. Given that, he lowered his price target on shares to $275 from $350 but keeps an Overweight rating on the stock.
07:08 EDTADSAlliance Data should be bought on weakness, says SunTrust
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January 28, 2016
07:37 EDTADSAlliance Data sees Q1 core EPS $3.83, consensus $4.15
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07:34 EDTADSAlliance Data backs FY16 core EPS view of $17.00, consensus $17.20
Backs FY16 revenue view of $7.2B, consensus $7.26B.
07:33 EDTLRNK12 sees Q3 revenue $215M-$225M, consensus $215.44M
07:33 EDTADSAlliance Data reports Q4 adjusted EPS $4.13, consensus $4.11
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07:32 EDTLRNK12 reports Q2 EPS 23c, consensus 22c
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January 27, 2016
08:37 EDTLRNK12 appoints Stuart Udell as CEO
K12 announced that the company has named Stuart Udell as the company's CEO. The appointment will become effective on February 8. Nate Davis, current chairman and CEO, will remain active in the business as the Executive Chairman of K12's board.
January 26, 2016
10:00 EDTCLHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Amec Foster Wheeler (AMFW) downgraded to Hold from Buy at HSBC... CVR Refining (CVRR) downgraded to Sell from Neutral at Goldman... Cenovus Energy (CVE) downgraded to Neutral from Buy at UBS... Clean Harbors (CLH) downgraded to Underperform from Market Perform at Raymond James... Core Laboratories (CLB) downgraded to Reduce from Hold at HSBC... Delek US (DK) downgraded to Neutral from Buy at Goldman... Deutsche Post (DPSGY) downgraded to Underperform from Outperform at Credit Suisse... Disney (DIS) downgraded to Neutral on reduced ESPN forecasts at Atlantic Equities... Dorian LPG (LPG) downgraded to Market Perform from Outperform at Wells Fargo... Encana (ECA) downgraded to Neutral from Buy at UBS... Fortinet (FTNT) downgraded to Hold from Buy at Deutsche Bank... Fortune Brands (FBHS) downgraded to Neutral from Outperform at Credit Suisse... General Growth (GGP) downgraded to Equal Weight from Overweight at Barclays... Golden Ocean (GOGL) downgraded to Underweight from Neutral at JPMorgan... Grupo Mexico (GMBXF) downgraded to Neutral from Overweight at JPMorgan... Halliburton (HAL) downgraded to Hold from Buy at HSBC... Marketo (MKTO) downgraded to Underperform at BofA/Merrill... Navios Maritime (NM) downgraded to Neutral from Overweight at JPMorgan... NetSuite (N) downgraded to Underperform at BofA/Merrill... OM Asset Management (OMAM) downgraded to Equal Weight at Morgan Stanley... Paylocity (PCTY) downgraded to Underperform from Neutral at BofA/Merrill... Pennsylvania REIT (PEI) downgraded to Underweight from Equal Weight at Barclays... Pinnacle West (PNW) downgraded to Hold from Buy at Evercore ISI... Public Storage (PSA) downgraded to Equal Weight from Overweight at Barclays... Red Hat (RHT) downgraded to Neutral from Buy at BofA/Merrill... Regal Entertainment (RGC) downgraded on valuation at RBC Capital... Rouse Properties (RSE) downgraded to Equal Weight from Overweight at Barclays... Star Bulk Carriers (SBLK) downgraded to Neutral from Overweight at JPMorgan... Stratasys (SSYS) downgraded to Neutral from Overweight at JPMorgan... Subsea 7 (SUBCY) downgraded to Reduce from Hold at HSBC... US Ecology (ECOL) downgraded to Market Perform from Outperform at Raymond James... USG (USG) downgraded to Underperform from Neutral at Credit Suisse... Vornado (VNO) downgraded to Equal Weight from Overweight at Barclays... Weir Group (WEIGY) downgraded to Underperform from Hold at Jefferies.
06:34 EDTCLHClean Harbors downgraded to Underperform from Market Perform at Raymond James
Raymond James downgraded Clean Harbors to Underperform given the weakening macro environment.
January 25, 2016
09:18 EDTMINIMobile Mini industry fundamentals beat expectations in Q4, says KeyBanc
After conducting channel checks, KeyBanc says that the fundamentals of Mobile Mini's sector beat expectations in Q4, driven by the longer construction season and an earlier start to the retail season. The firm thinks that the company's restructuring is continuing to gain traction, and it remains upbeat on the portable storage market. The firm cut its price target on the stock to $34 from $52 to reflect a lower multiple but keeps a Buy rating on the shares.

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