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Stock Market & Financial Investment News

News Breaks
December 5, 2012
09:26 EDTP, CIE, MMR, TIBX, SBUX, FCX, MFRM, TEA, PXPOn The Fly: Pre-market Movers
HIGHER AFTER EARNINGS: Francesca's (FRAN), up 9%... ALSO HIGHER: McMoRan Exploration (MMR), up 74%, Plains Exploration (PXP), up 25% after acquisition by Freeport-McMoRan (FCX)... Cobalt International (CIE), up 12% on read-through from Freeport deal... Teavana (TEA), up 7% after Starbucks (SBUX) confirms intention to acquire... LOWER AFTER EARNINGS: Mattress Firm (MFRM), down 19%... Pandora (P), down 15%... ALSO LOWER: Freeport-McMoRan, down 13% after acquisitions... Tibco (TIBX), down 14% after preliminary Q4 earnings.
News For MMR;PXP;FCX;CIE;TEA;SBUX;P;MFRM;TIBX From The Last 14 Days
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March 19, 2015
06:59 EDTFCXProduction at Freeport McMoRan mine in Indonesia halted, Reuters reports
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March 18, 2015
17:18 EDTSBUXStarbucks confirms agreement with Tingyi Holding to expand in China
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14:30 EDTSBUXStarbucks says in pact with Tingyi Holding to expand in China
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13:30 EDTSBUXStarbucks adjusts Q2 EPS view to 32c-33c
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13:29 EDTSBUXStarbucks adjusts FY15 EPS view to $1.55-$1.57
The company revised its FY15 EPS view to $1.55-$1.57 to account for its planned 2-fo-1 stock split. Consensus $3.13 does not compare.
13:25 EDTSBUXStarbucks announces 2-for-1 stock split
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13:21 EDTSBUXStarbucks sees Q2 split adjusted EPS 32c-33c, consensus 65c
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13:19 EDTSBUXStarbucks to begin trading on split adjusted basis on April 9
Comment from Starbucks Annual Meeting of Shareholders.
13:18 EDTSBUXStarbucks reports 2-for1 stock split
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13:06 EDTSBUXStarbucks to open next Roastery location in Asia in 2016
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13:05 EDTSBUXStarbucks to unveil two complementary delivery models
In an effort to integrate service solutions that meet the “on demand” customer, Starbucks will unveil two complementary delivery models including: A strategic collaboration with Postmates, a leading on-demand delivery service, which will allow customers to order their food and beverage items via the Starbucks mobile app and receive on-demand delivery within defined areas. This rapidly growing organization – operating in 22 markets with more than 1.5M deliveries to date – brings robust logistics technology, courier-enabled delivery and quality of service expertise. This Starbucks delivery pilot will begin in Seattle in the second half of 2015; A “Green Apron” barista delivery option enabling customers within specified office-buildings to order food and beverages for convenient delivery by Starbucks baristas. Supported by its world class real-estate capabilities, this model allows Starbucks to identify targeted solutions for environments that can benefit from an integrated service model. This Starbucks delivery test will begin in New York the second half of 2015.
13:04 EDTSBUXStarbucks reaffirms goal to grow market cap to $100B
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12:58 EDTSBUXStarbucks to begin delivery services in NY, Seattle this year, WSJ reports
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11:03 EDTFCXStocks with call strike movement; NE FCX
Noble Corp. (NE) June 16 call option implied volatility increased 2% to 54, Freeport McMoRan (FCX) August 21 call option implied volatility increased 2% to 49 according to IVolatility.
10:00 EDTPOn The Fly: Analyst Upgrade Summary
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09:23 EDTPOn The Fly: Pre-market Movers
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07:27 EDTFCXFreeport seeks funding from Blackstone, Apollo, Reuters says
Freeport McMoRan (FCX) has hired Goldman Sachs (GS) and Barclays (BCS) to find private equity firms willing to finance certain of its energy projects and asset developments, reports Reuters, citing people familiar with the matter. Freeport is in talks with Blackstone (BX), Apollo (APO), and Warburg Pincus about a potential partnership. The sources say the firm may be seeking "several billion dollars," though discussions are in "very early" stages. Reference Link
06:28 EDTPPandora upgraded to Buy from Fair Value at CRT Capital
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March 17, 2015
13:40 EDTFCXAmended settlement agreement announced between Credit Suisse, Freeport
On March 16, an Addendum to the Stipulation and Agreement of Settlement, Compromise and Release was entered into with respect to the consolidated stockholder derivative litigation captioned In Re: Freeport-McMoRan Copper & Gold (FCX) Derivative Litigation, C.A. No. 8145-VCN. The Addendum modifies the terms of the settlement in order to resolve potential derivative claims against Credit Suisse Securities (CS) in connection with its engagement to act as lead financial advisor to the Special Committee of the Board of Directors of Freeport-McMoRan with respect to the company’s 2013 acquisitions of Plains Exploration & Production Company and McMoRan Exploration Co., which potential claims were previously excluded from the settlement as set forth in the Stipulation and Agreement of Settlement, Compromise and Release filed on January 15. As set forth in the Addendum, the original settlement consideration will be increased by $16.25M, consisting of a $10M cash payment to the company by Credit Suisse, and a credit of $6.25M to be redeemable by the company in connection with future assignments Credit Suisse performs. The Supplemental Cash Amount, together with the original settlement amount, less plaintiffs’ attorneys’ fees and expenses as awarded by the Court of Chancery of the State of Delaware, will be distributed to the company’s stockholders as a special dividend. The settlement is subject to specified conditions, including final approval by the Court of Chancery of the State of Delaware. The settling defendants and Credit Suisse vigorously deny all allegations of wrongdoing or fault but entered into the settlement to avoid the costs and distraction of continued litigation.
March 16, 2015
17:07 EDTFCXCredit Suisse to pay Freeport McMoRan $10M to settle allegations, WSJ says
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