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News Breaks
November 9, 2012
11:21 EDTKGC, FLT, OZRK, PEG, ISIS, ETP, ATK, SBUX, MRO, HRZN, CXO, MMM, SMIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3M Company (MMM) upgraded to Neutral from Reduce at Nomura... Alliant Techsystems (ATK) upgraded to Buy from Neutral at Goldman... Bank of the Ozarks (OZRK) upgraded to Buy from Neutral at Sterne Agee... Concho Resources (CXO) upgraded to Buy from Hold at Stifel Nicolaus... Energy Transfer Partners (ETP) upgraded to Equal Weight at Morgan Stanley... FleetCor (FLT) upgraded to Buy from Neutral at Citigroup... Horizon Technology (HRZN) upgraded to Buy from Hold at Gilford Securities... Isis Pharmaceuticals (ISIS) upgraded to Outperform from Neutral at Cowen... Kinross Gold (KGC) upgraded to Outperform from Neutral at Macquarie... Marathon Oil (MRO) upgraded to Overweight from Neutral at JPMorgan.... PSEG (PEG) upgraded to Hold from Sell at ISI Group... Semiconductor Manufacturing (SMI) upgraded to Market Perform at Bernstein... Starbucks (SBUX) upgraded to Buy from Hold at Argus.
News For MMM;ATK;OZRK;CXO;ETP;FLT;HRZN;ISIS;KGC;MRO;PEG;SMI;SBUX From The Last 14 Days
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November 17, 2014
18:01 EDTATKATK, Orbital continue to support plans for merger
Alliant Techsystems (ATK) and Orbital Sciences (ORB) announced that the two companies have set January 27, 2015 as the new date for their separate, special stockholder meetings in connection with the proposed transaction to spin off ATK's Sporting Group business and immediately thereafter, merge ATK's Aerospace and Defense Groups with Orbital. On October 28, both companies communicated they would hold separate, special stockholder meetings on December 9, for ATK stockholders to vote on the issuance of shares to stockholders of Orbital and for Orbital stockholders to vote on the proposed transaction. Following this announcement on October 28, a failure occurred during Orbital's Antares launch. Since the incident, the companies have conducted a thorough review and analysis of the launch failure and Orbital's proposed recovery plan and long-term competitive position. Following this review, ATK's board of directors continues to support the strategic merits of the transaction and recommends that ATK stockholders vote to approve the issuance of shares to Orbital stockholders. Orbital's board of directors also continues to recommend that Orbital stockholders vote to approve the proposed transaction. As a result of the Antares launch failure and the time required to complete the subsequent review process, the companies have postponed the special stockholder meetings until January 27, 2015, to be held at each company's respective corporate headquarters. ATK and Orbital stockholders of record as of the close of business on December 16 will be entitled to vote at their respective special stockholder meetings. The record date for the spinoff will be determined and publicly announced at a later date. The transaction is expected to close in February 2015, and is subject to customary closing conditions including regulatory approvals and the approval of both ATK's and Orbital's stockholders. Additional information concerning the special meetings and the transaction will be included in an amendment to the ATK registration statement on Form S-4, which will be filed with the Securities and Exchange Commission and, once declared effective, the joint proxy statement/prospectus will be mailed to ATK and Orbital stockholders who are entitled to vote at the respective special meetings.
08:05 EDTETPEnergy Transfer Partners, Regency Energy Partners to construct NGL pipeline
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07:27 EDTATKATK upgraded to Buy from Neutral at Monness Crespi
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07:12 EDTMROBloomberg / Mayer Brown to co-host a conference
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November 14, 2014
15:41 EDTISISIsis Pharmaceuticals management to meet with Piper Jaffray
Meeting to be held in Kansas City, MO on November 18 hosted by Piper Jaffray.
10:00 EDTKGCOn The Fly: Analyst Downgrade Summary
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09:16 EDTKGCOn The Fly: Pre-market Movers
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08:24 EDTKGCKinross Gold downgraded to Sector Performer from Outperformer at CIBC
06:16 EDTSBUXEU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says
The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link
November 13, 2014
11:03 EDTMMM3M Company targets R&D investment of approximately 6% by 2017
3M Company is focused on investment in R&D and not yet on margin expansion. Comment made at Goldman Sachs Industrials Conference 2014.
10:01 EDTATKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ATK (ATK) downgraded to Hold from Buy at Argus... Adeptus Health (ADPT) downgraded to Hold from Buy at Deutsche Bank... American Woodmark (AMWD) downgraded to Neutral from Buy at Longbow... Avnet (AVT) downgraded to Sell from Neutral at Goldman... Baxano Surgical (BAXS) downgraded to Sell from Buy at Summer Street... Beazer Homes (BZH) downgraded to Neutral from Overweight at JPMorgan... Bristol-Myers (BMY) downgraded to Equal Weight from Overweight at Morgan Stanley... Centene (CNC) downgraded to Market Perform from Outperform at FBR Capital... Cherry Hill Mortgage (CHMI) downgraded to Equal Weight from Overweight at Barclays... Discover (DFS) downgraded to Hold from Buy at Deutsche Bank... Fleetmatics (FLTX) downgraded to Neutral from Buy at BofA/Merrill... Gazprom (OGZPY) downgraded to Neutral from Overweight at JPMorgan... Jabil Circuit (JBL) downgraded to Neutral from Buy at Goldman... LabCorp (LH) downgraded to Hold from Buy at Deutsche Bank... Laredo Petroleum (LPI) downgraded at BMO Capital... Macy's (M) downgraded to Market Perform from Outperform at Wells Fargo... Madison Square Garden (MSG) downgraded to Equal Weight from Overweight at Morgan Stanley... Marvell (MRVL) downgraded to Sell from Neutral at Goldman... Meritor (MTOR) downgraded to Neutral from Overweight at Piper Jaffray... Swedbank (SWDBY) downgraded to Underperform from Sector Perform at RBC Capital... TransGlobe (TGA) downgraded to Sector Perform from Outperform at Scotia Capital... UIL Holdings (UIL) downgraded to Hold from Buy at Argus... Verint Systems (VRNT) downgraded to Fair Value from Buy at CRT Capital... ZAIS Financial (ZFC) downgraded to Equal Weight from Overweight at Barclays.
08:12 EDTATKATK downgraded to Hold from Buy at Argus
Argus downgraded ATK to Hold citing an uncertain outlook with the proposed Orbital Sciences merger under review after the Antares rocket exploded.
05:34 EDTISISAstraZeneca, Isis Pharmaceuticals to co-develop oligonucleotide delivery methods
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November 12, 2014
08:05 EDTMMMGoldman to hold a conference
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07:53 EDTISISLeerink to hold a tour
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07:31 EDTMRO, CXOBofA/Merrill to hold a conference
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November 10, 2014
16:07 EDTISISIsis Pharmaceuticals files to sell $425M in convertible senior notes due 2021
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15:43 EDTMROAmerican Petroleum Institute to hold a conference
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12:54 EDTATKOrbital ATK lays out guidance for combined company
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07:14 EDTCXOHart Energy to hold a conference
Executive Oil Conference 2014 is being held in Midland, Texas on November 10-11.
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