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Stock Market & Financial Investment News

News Breaks
November 9, 2012
13:17 EDTBLK, MNIBlackRock reports 12.18% passive stake in McClatchy
This is an amended filing.
News For MNI;BLK From The Last 14 Days
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April 24, 2015
09:06 EDTMNIMcClatchy sees FY15 digital-only advertising revenue to grow in double digits
In 2015 the company expects digital-only advertising revenues to grow in the double-digit range on a gross basis, and up in the high-single digit to low double-digit range including the impact of netting $9M in higher wholesale fees against revenues in the first nine months of the year due to the new Cars.com affiliate agreement entered into on Oct. 1, 2014. Also, growth is expected in direct marketing advertising that will be invigorated by new niche products and events and expanded distribution of its Sunday Select product. Finally, growth in digital subscribers and selective rate increases are expected to continue to fuel low single-digit increases in audience revenues. Management expects newspaper print advertising to continue to represent a smaller share of overall revenue, due in part to the growth in digital-only advertising, direct marketing and audience revenues. McClatchy is focusing on reducing legacy costs tied to its print newspaper products primarily production and distribution expenses, including newsprint expenses. Management expects that even with higher non-cash pension costs and investments in new digital products and enterprise-wide computer systems, cash expenses will decline in the low-to-mid single-digit range. The reductions in legacy costs coupled with revenue initiatives will help counter the continuing negative trends in print advertising. Management expects to have another challenging quarter in the second quarter before cash flow flattens in the second half of 2015. Management noted that expenses may be reduced further if needed based upon the revenue environment.
09:04 EDTMNIMcClatchy board authorizes limited share repurchase program
McClatchy announced that its board had authorized a new limited share repurchase program for the repurchase of up to $7M of its Class A common stock through December 31, 2016. The repurchases are intended to mitigate the dilutive impact of issuing Class A stock under McClatchy's equity compensation plans.
09:03 EDTMNIMcClatchy expects to achieve $25M-$30M of cost savings in 2015
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09:01 EDTMNIMcClatchy reports Q1 EPS (13c) vs. (19c) last year
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April 22, 2015
14:02 EDTBLKBlackRock Infrastructure acquires 90% interest in 80MW wind portfolio in Iowa
A fund managed by BlackRock Infrastructure Investment Group has purchased a 90% interest in an 80MW Wind Portfolio consisting of the 42.5MW Elk and 37.5MW Hawkeye Wind Projects, located in Iowa from RPM Access. The projects began commercial operations in December 2011, and October 2012, respectively and comprise a total of thirty-two 2.5MW Nordex turbines. The Portfolio interconnects with the ITC Midwest transmission system within the Mid-continent Independent System Operator market. All of the output of the Portfolio is sold to Central Iowa Power Cooperative pursuant to long-term power purchase agreements.
April 20, 2015
13:24 EDTBLKSEC charges BlackRock Advisors with breaching fiduciary duty
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April 16, 2015
05:48 EDTBLKBlackRock reports Q1 AUM up 8%
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05:47 EDTBLKBlackRock reports Q1 long-term net inflows of $70.4B
Flows were positive across all long-term asset classes, client types, regions and investment styles, with active net inflows of $32B and index net inflows of $38B. Reports Q1 Institutional long-term net inflows of $21B. Long-term net inflows were positive across all regions, with net inflows of $47.5B, $17.7B and $5.2B from clients in the Americas, EMEA and Asia-Pacific, respectively. At March 31, 2015, BlackRock managed 62% of its long-term AUM for investors in the Americas and 38% for clients in EMEA and Asia-Pacific.
05:45 EDTBLKBlackRock reports Q1 adjusted EPS $4.89, consensus $4.52
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April 15, 2015
07:49 EDTBLKJPMorgan to hold a conference
Public Finance Transportation & Utility Conference is being held in New York on April 15-16.
April 14, 2015
14:16 EDTBLKBlackRock April volatility elevated at 38 into Q4 and outlook
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