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Stock Market & Financial Investment News

News Breaks
March 10, 2013
21:17 EDTPRXL, ECL, MMM, BASI, IDXX, CVD, CRL, NEOGChina 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
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March 3, 2015
07:18 EDTMMMJPMorgan to hold a conference
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February 24, 2015
16:39 EDTCRLCharles River Labs CFO Thomas Ackerman to retire in 2016
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08:36 EDTECLEcolab sees Q1 adjusted EPS 78c-83c, consensus 86c
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08:35 EDTECLEcolab sees FY15 adjusted EPS $4.50-$4.70, consensus $4.69
Sees FY15 adjusted gross margin 47%-48%, adjusted tax rate approx. 27%. The company says "When compared with the 2014 performance, we expect further solid fixed currency sales growth with improved growth in our Institutional, Industrial and Other segments and slower fixed currency sales gains in our Energy segment. We look for an improved adjusted gross margin, with a comparable selling, general and administrative (SG&A) ratio to sales, slightly lower interest expense and a similar adjusted tax rate versus 2014. Pension expense is expected to be an unfavorable $0.09 per share in 2015. We expect a lower number of shares outstanding for the full year. At current rates of exchange, we expect foreign currency to have an unfavorable impact on sales of five to six percentage points and be unfavorable to earnings per share by an estimated $0.26. Net, we expect solid fixed currency sales growth, improved efficiency, cost savings and merger synergies to more than offset impacts from unfavorable currency exchange and pension expense and produce another strong full-year adjusted earnings per share increase in 2015." Special gains and charges for the full-year 2015 are expected to be approximately a $0.20 per share net charge, primarily driven by restructuring charges and integration costs.
08:34 EDTECLEcolab announces plans to repurchase $1B of shares
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08:33 EDTECLEcolab reports Q4 adjusted EPS $1.20, consensus $1.20
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February 23, 2015
15:23 EDTECLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 78c... Home Depot (HD), consensus 89c... American Tower (AMT), consensus 51c... Ecolab (ECL), consensus $1.20... Macy's (M), consensus $2.40... Pall Corp. (PLL), consensus 87c... Windstream (WIN), consensus 3c.
14:44 EDTMMM3M confirms agreement to acquire Polyporeís Separations Media business for $1B
3M (MMM) announced that it has entered into a definitive agreement with Polypore International (PPO) to acquire the assets and liabilities associated with Polyporeís Separations Media business for a total purchase price of $1B. Polyporeís Separations Media business is a leading provider of microporous membranes and modules for filtration in the life sciences, industrial and specialty segments with trailing 12-month sales of $210M as of Sept. 27, 2014. Separately, Asahi Kasei has announced that it has entered into a definitive merger agreement to acquire Polyporeís Energy Storage business. Both transactions are subject to regulatory approvals and customary closing conditions. In addition, both transactions are conditioned on 3Mís transaction with Polypore closing immediately prior to the closing of Asahi Kaseiís transaction with Polypore.
12:21 EDTMMMOn The Fly: Midday Wrap
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05:41 EDTCVDLabCorp upgraded to Overweight from Neutral at Piper Jaffray
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05:34 EDTMMM3M expects acquisition of Polypore business to be dilutive to earnings
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05:31 EDTMMM3M acquires Polypore's Separatoins Media Segment for $1B
As an integrated step in Polypore's (PPO) sale to Asahi Kasei for $60.50, immediately prior the transaction, 3M (MMM) will acquire the assets of Polypore's Separations Media segment for approximately $1band Asahi Kasei will receive the cash proceeds from the asset sale. The definitive agreements require that the sale of the Polypore and the integrated sale of the Separations Media segment close after closing conditions for both transactions have been satisfied and that the closings of the transactions are conditioned upon one another.
05:29 EDTMMMPolypore agrees to sell company for $60.50 per share
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February 19, 2015
10:01 EDTMMM3M acquires health care products manufacturer Ivera Medical
3M announced that it has entered into a definitive agreement to acquire Ivera Medical, a manufacturer of health care products that disinfect and protect devices used for access into a patientís bloodstream. Terms of the transaction were not disclosed. Ivera employs approximately 60 people and has annual sales of approximately $30M. The transaction is expected to close in the first half of 2015. On a GAAP reported basis, 3M estimates the acquisition to be neutral to earnings in the first 12 months following completion of the transaction.
09:22 EDTCVDLabCorp completes acquisition of Covance
LabCorp (LH) announced the completion of its acquisition of Covance (CVD), following its entry into a definitive purchase agreement on November 2, 2014. At closing, the purchase consideration was valued at $107.19 per Covance share, consisting of $75.76 in cash and 0.2686 LabCorp shares for each Covance share, or an equity value of approximately $6.2B and an enterprise value of approximately $5.7B. The closing of the transaction follows the receipt of all necessary regulatory requirements and approval of the transaction by Covance shareholders on February 18. With the closing of the transaction, Covance common stock will cease trading and will no longer be listed on the NYSE.
February 18, 2015
09:27 EDTCVDCovance stockholders approve acquisition by LabCorp
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07:07 EDTMMMBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
February 17, 2015
10:29 EDTECLHigh option volume stocks
High option volume stocks: RDSA JACK WUBA MT JAKK VDSI ECL ENR AVG NWBO

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