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Stock Market & Financial Investment News

News Breaks
March 10, 2013
21:17 EDTMMM, NEOG, IDXX, ECL, CRL, BASI, PRXL, CVDChina government overhaul includes food and drug safety, WSJ says
China plans to overhaul government agencies including the organizations that oversee its one-child policy and its food and drug safety, says the Wall Street Journal. Reference Link
News For MMM;NEOG;IDXX;ECL;CRL;BASI;PRXL;CVD From The Last 14 Days
Check below for free stories on MMM;NEOG;IDXX;ECL;CRL;BASI;PRXL;CVD the last two weeks.
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August 31, 2014
21:02 EDTMMM3M completes acquisition of Sumitomo Electric Industries interest in Sumitomo 3M
3M announced that it has completed its acquisition, through Sumitomo 3M, of Sumitomo Electric Industriesí 25% interest in Sumitomo 3M for 90B Japanese Yen, approximately $865M at current exchange rates. 3M is now the sole owner and the business will be known as 3M Japan. Sumitomo 3M was established in 1961 as a joint venture between 3M, Sumitomo Electric Industries and NEC. In 2003, 3M acquired NECís 25% stake, which increased 3Mís interest to 75%. On a GAAP-reported basis, 3M estimates the acquisition will add approximately 8c per share to earnings during the first 12 months following closing.
August 26, 2014
09:22 EDTMMM3M reaches group purchasing agreement with Premier, Inc
3M Critical & Chronic Care Solutions announces that it has reached a group purchasing agreement with health care alliance company Premier, Inc. for multiple catheter securement and stability products. In a move aimed at bringing greater economic efficiencies to Premierís more than 100,000 health care provider members, the new agreement allows them to take advantage of special pricing and terms pre-negotiated by Premier. The purchasing contract covers products including Tegaderm CHG Chlorhexidine Gluconate I.V. Securement Dressings and Tegaderm I.V. Advanced Securement Dressings as well as the 3M PICC/ CVC Securement Device + Tegaderm I.V. Advanced Securement Dressing, a sutureless securement system.
August 25, 2014
09:01 EDTMMM3M Company announces investment in Smart Energy Instruments
3M New Ventures Ė the corporate venture arm of 3M Ė announced an equity stake in Toronto-based Smart Energy Instruments, a move that will further accelerate SEIís efforts in developing electronic chipsets with high-precision, real-time monitoring capabilities for smart grids, as well as give 3M a bigger presence in the energy sector. The investment from 3M New Ventures comes as several existing stakeholders also bolstered their equity in SEI, including Venturelink Funds, ArcTern Ventures and the Ontario Capital Growth Corp. Together, the financing round, led by 3M New Ventures, totaled $5M. Other details of the transaction were not disclosed.
August 20, 2014
10:04 EDTIDXXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BHP Billiton (BHP) downgraded to Underperform from Neutral at Credit Suisse... GT Advanced (GTAT) downgraded to Underperform from Outperform at CLSA... Hertz (HTZ) downgraded to Hold from Buy at Deutsche Bank... IDEXX (IDXX) downgraded to Sell from Neutral at Northcoast... Prestige Brands (PBH) downgraded to Neutral from Buy at Sidoti... Real Goods Solar (RGSE) downgraded to Neutral from Buy at Roth Capital... Regal-Beloit (RBC) downgraded to Neutral from Buy at Longbow... SunCoke Energy (SXC) downgraded to Neutral from Outperform at Credit Suisse... Tidewater (TDW) downgraded to Market Perform from Outperform at Clarkson Capital.
09:34 EDTIDXXIDEXX downgraded to Sell from Neutral at Northcoast
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09:31 EDTIDXXIDEXX downgraded to Sell from Neutral at Northcoast
08:53 EDTCRLCharles River Labs has reached attractive entry point, says Sterne Agee
Sterne Agee continues to believe that Charles River should generate high incremental margins and disproportionate growth in earnings relative to its sales growth. The firm keeps a $71 price target and Buy rating on the shares.

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