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Stock Market & Financial Investment News

News Breaks
August 15, 2014
12:39 EDTMNST, KO, VRNG, ACHN, TASR, GOOG, AOL, JCP, JWNOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory despite some soft economic data points, including a weaker than expected report on manufacturing in the New York area and a lower than expected consumer confidence reading. The market drifted higher after the bell, but lost all momentum when reports surfaced that the Ukraine army fired on a Russian convoy that crossed the border. The equity averages quickly fell, while oil prices rose and gold recouped some of its early losses. ECONOMIC EVENTS: The NY Fed's Empire manufacturing survey had a reading of 14.69, versus expectations for a 20.0 reading. The Producer Price Index increased 0.1% overall, matching expectations. The core reading was up 0.2%, which was also in-line with the consensus forecast. Industrial production increased 0.4% in July, beating the consensus 0.2% growth forecast. That nudged up capacity utilization to 79.2%, versus 79.1% previously. The first University of Michigan consumer confidence reading for August fell 2.6 points to 79.2, versus expectations for it to have edged up to 82.0. Treasury international capital data showed foreigners dumped $153.5B in total U.S. assets in July after buying a revised $33.1B in June. COMPANY NEWS: Shares of beverage company Monster Beverage (MNST) surged 27% higher after Coca-Cola (KO) took a 16.7% stake in the energy drink maker and the companies announced a long-term strategic partnership and asset swap. Coca-Cola will pay $2.15B for a 16.7% stake in Monster Beverage, the companies announced last night. Under the terms of their agreement, Coca-Cola will add two directors to Monster's board. Coke will transfer ownership of its worldwide energy business including brands like NOS, Full Throttle, Burn, Mother, Play and Power Play, and Relentless to Monster. Monster will transfer its non-energy business. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 11% after the company announced interim results from an ongoing Phase 2 proxy study of a potential chronic hepatitis C virus regimen that analysts at Piper Jaffray called "impressive." Also higher was Taser (TASR), which gained 8% after Craig-Hallum said in a note to investors that its checks indicate Taser's AXON on-officer body cam will be rolled out to 16K London Met police officers over the next two years. Among the noteworthy losers was Vringo (VRNG), which plunged 75% after confirming that an appeals court reversed a jury's verdict and held that the asserted claims of the patents-in-suit in the company's wholly-owned subsidiary I/P Engine's litigation against Google (GOOG), AOL (AOL) and others are invalid. Also lower following their earnings reports were two department store operators: J.C. Penney (JCP), which fell nearly 4%, and Nordstrom (JWN), which dropped more than 4%. INDEXES: Near midday, the Dow was down 86.25, or 0.52%, to 16,627.33, the Nasdaq was down 11.44, or 0.26%, to 4,441.56, and the S&P 500 was down 6.54, or 0.33%, to 1,948.64.
News For MNST;KO;VRNG;ACHN;TASR;GOOG;AOL;JCP;JWN From The Last 14 Days
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October 21, 2014
07:43 EDTKOCoca-Cola says Q3 North America net revenues decreased 2%
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07:40 EDTKOCoca-Cola sees mid single digit headwind on profit before tax in 2015
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07:38 EDTKOCoca-Cola expanding productivity initiatives with $3B in ann. savings by 2019
07:38 EDTKOCoca-Cola says taking actions to reinvigorate growth
The company introduced the following initiatives to reinvigorate growth: Streamlining and simplifying its operating model to speed decision making and enhance local market focus. Expanding its current successful productivity program by targeting annualized savings of $3B per year by 2019. This productivity program will focus on four key areas: Restructuring the company’s global supply chain, including manufacturing in North America; Implementing zero-based budgeting across the organization; Streamlining and simplifying its operating model; and Driving increased discipline and efficiency in direct marketing investments. As a result of these productivity initiatives, the company expects to fund the marketing initiatives and innovation required to deliver sustainable net revenue growth. These savings will also support margin expansion and increased returns on invested capital over time. Refocusing on its core business model of building the world’s greatest beverage brands and leading an unmatched global system of strong local bottling partners. This will include refranchising the majority of company-owned North American bottling territories by the end of 2017 and a substantial portion of the remaining territories no later than 2020. Strategically targeting brand and growth investments that leverage its global strengths. This includes previously announced plans to improve the quantity and quality of marketing, as well as making future investments that will target markets and categories where brands remain underfunded relative to the opportunity. Focusing on driving revenue and profit growth across markets while providing local operations with a clear line of sight and aligned compensation targets. Beginning in 2015, revenue growth will be added as a metric in the company’s incentive plans. The company will adjust the relative importance of volume and price/mix in each market in order to drive the right behavior for each market type.
07:37 EDTKOCoca-Cola maintains long-term high single digit EPS growth target
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07:36 EDTKOCoca-Cola expects to be below long-term EPS growth target for 2014
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07:34 EDTKOCoca-Cola reports comparable Q3 EPS 53c, consensus 53c
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07:26 EDTGOOGGoogle invests in enhanced reality visual-display start-up, WSJ reports
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07:07 EDTGOOGMecklerMedia to hold a conference
Inside 3D Printing Conference is being held in Santa Clara, California on October 21-23.
October 20, 2014
16:00 EDTKOOptions Update; October 20, 2014
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15:48 EDTKOCoca-Cola October weekly 43 straddle priced for 2.7% move into Q3
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15:36 EDTKONotable companies reporting before tomorrow's open
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13:40 EDTVRNG, GOOGVringo says Court of Appeals invites Google to respond to en banc petition
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09:52 EDTAOLArmstrong says AOL will not merge with Yahoo, VentureBeat reports
AOL CEO Tim Armstrong said "no" when asked if his company will merge with Yahoo (YHOO), VentureBeat reports, citing a fireside chat with Armstrong at the TechCrunch Disrupt in Europe. Reference Link
09:49 EDTAOLAOL in early talks to spin off CrunchBase, TechCrunch reports
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09:36 EDTGOOGActive equity options trading on open
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09:31 EDTGOOGRobinhood.org to hold conference
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08:07 EDTKOCoca-Cola Bottling to exchange franchise territory with Coca-Cola
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06:22 EDTGOOGYouTube's Robert Kyncl considering leaving company, NY Post reports
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06:01 EDTGOOGGoogle's Hiroshi Lockheimer overseeing Android, Chrome engineering, WSJ says
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