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Stock Market & Financial Investment News

News Breaks
February 10, 2014
10:00 EDTMWW, FTI, BWP, MDC, BYI, NFG, FWM, MTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ArcelorMittal (MT) downgraded to Neutral from Buy at BofA/Merrill... Bally Technologies (BYI) downgraded to Neutral from Buy at Janney Capital... FMC Technologies (FTI) downgraded to Market Perform from Outperform at William Blair... Fairway Group (FWM) downgraded to Underperform from Neutral at BofA/Merrill... M.D.C. Holdings (MDC) downgraded to Neutral from Outperform at Credit Suisse... Monster Worldwide (MWW) downgraded to Market Perform from Outperform at FBR Capital... National Fuel (NFG) downgraded to Market Perform from Outperform at BMO Capital... Boardwalk Pipeline (BWP) downgraded to Underperform from Neutral at Credit Suisse.
News For MT;BYI;FTI;FWM;MDC;MWW;NFG;BWP From The Last 14 Days
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November 26, 2014
08:27 EDTFTIGlobal Oil Services Drilling and Equipment sector upgraded at Morgan Stanley
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November 24, 2014
06:13 EDTMTInvestec Asset reports 10.16% passive stake in ArcelorMittal
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November 21, 2014
12:46 EDTBYIScientific Games completes merger with Bally Technologies
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08:17 EDTMDCM.D.C. Holdings upgraded to Market Perform from Underperform at Raymond James
Raymond James upgraded M.D.C. Holdings to Market Perform based on historical seasonal sector strength. The firm still has concerns regarding relative valuations and land quality.
06:11 EDTFTIFMC Technologies initiated with a Buy at Citigroup
Target $68.
November 20, 2014
18:21 EDTBYIOn The Fly: After Hours Movers
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17:19 EDTBYIWestern Refining to replace Bally Technologies in S&P 400 as of 11/24 close
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16:05 EDTBYIScientific Games receives NGC approval for merger with Bally Technologies
Scientific Games (SGMS) announced that the Nevada Gaming Commission, or NGC, unanimously approved the company's pending acquisition of Bally Technologies (BYI). The Commission's approval was the final regulatory approval required to complete the merger. The company expects to complete the Bally merger on November 21, subject to the satisfaction of the remaining customary closing conditions.
November 19, 2014
08:12 EDTBYIBally Technologies investors approve merger agreement with Scientific Games
Bally Technologies (BYI) announced that at a special stockholders’ meeting held yesterday, Bally stockholders approved the previously announced Agreement and Plan of Merger, dated as of August 1, by and among the Company, Scientific Games Corporation (SGMS), Scientific Games Nevada, Inc., a Nevada corporation and a wholly owned subsidiary of Scientific Games, and Scientific Games International, Delaware corporation and a wholly owned subsidiary of Scientific Games, providing for the merger of Merger Sub with and into the company, with the company surviving the Merger as a wholly owned subsidiary of Scientific Games. More than 99.61% of the votes represented and cast at the meeting, or approximately 76.97% of the total outstanding common stock eligible to vote as of the October 20 record date, were voted in favor of the approval of the Merger Agreement. Stockholders also approved the non-binding advisory proposal regarding Merger-related compensation with a vote of more than 65.83% of the votes represented and cast at the meeting. Approval of the Merger Agreement by Bally’s stockholders satisfies one of the conditions required to close the Merger. The transaction is still subject to obtaining certain required regulatory approvals and certain other customary closing conditions.
November 18, 2014
09:06 EDTBYIBally Technologies to host special shareholder meeting
Special shareholder meeting to vote to approve the merger agreement between Bally and Scientific Games with Bally becoming a wholly-owned subsidiary of Scientific Games will be held at Bally's Las Vegas offices on November 18 at 6 pm.

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