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Stock Market & Financial Investment News

News Breaks
November 7, 2012
10:41 EDTMT, UHS, OXF, NWSA, MRO, MGLN, HST, FOSL, CNK, CNC, VHSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ArcelorMittal (MT) upgraded to Buy from Neutral at BofA/Merrill... Centene (CNC) upgraded to Buy from Underperform at BofA/Merrill... Cinemark (CNK) upgraded to Buy from Neutral at Janney Capital... Fossil (FOSL) upgraded to Buy from Above Average at Caris... Host Hotels (HST) upgraded to Buy from Hold at Cantor... Magellan Health (MGLN) upgraded to Neutral from Sell at Goldman... Marathon Oil (MRO) upgraded to Buy from Accumulate at Global Hunter... News Corp. (NWSA) upgraded to Buy from Outperform at CLSA... Oxford Resource Partners (OXF) upgraded to Hold from Underweight at BB&T... Universal Health (UHS) upgraded to Buy from Neutral at UBS... Vanguard Health (VHS) upgraded to Buy from Neutral at UBS.
News For MT;CNC;CNK;FOSL;HST;MGLN;MRO;NWSA;OXF;UHS;VHS From The Last 14 Days
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October 21, 2014
11:51 EDTMTU.S. to end deal sheltering Russia from flat-rolled steel duties, Reuters says
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09:03 EDTMGLNMagellan Health selects HMS unit for cost containment solutions
HMS, a wholly owned subsidiary of HMS Holdings (HMSY), announced that Magellan Health (MGLN) has selected HMS for cost containment solutions, including fraud, waste, and abuse detection and prevention across the company, as well as for insurance verification and subrogation services for Magellan Complete Care of Florida.
October 20, 2014
07:15 EDTUHSAmerican Academy of Child & Adolescent Psychiatry to hold annual meeting
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06:46 EDTNWSANews Corp. upgraded at Macquarie
As previously reported, Macquarie upgraded News Corp to Neutral from Underperform. The firm upgraded shares based on valuation and expectations for operational trends to improve in 2015. Price target is $16.70.
06:40 EDTNWSANews Corp. upgraded to Neutral from Underperform at Macquarie
October 17, 2014
16:17 EDTOXFOn The Fly: Closing Wrap
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12:52 EDTOXFOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday, as the averages bounce back following steep declines in several recent sessions. Better than expected earnings from General Electric (GE) and Morgan Stanley (MS), a rebound in European stock markets and a stronger than expected reading on U.S. consumer confidence may all be contributing to the brightened mood evidenced by today's trading. ECONOMIC EVENTS: In the U.S., housing starts rebounded 6.3% to a 1.017M pace in September, beating expectations for a monthly increase of 4.6%. Building permits increased 1.5% to a 1.018M rate, which was below the expected 2.3% rise. The first release on the University of Michigan's consumer sentiment index for October came in at 86.4, versus expectations for a decline to 84.0 from the prior 84.6 reading. COMPANY NEWS: General Electric shares rose over 3% after the company reported better than expected third quarter profit and nearly in-line revenues. Morgan Stanley, whose quarterly results also topped Street expectations, advanced 2.5%. MAJOR MOVERS: Among the notable gainers was Westmoreland Coal (WLB), which gained 23% after it stuck a deal to acquire Oxford GP, the general partner of Oxford Resource Partners (OXF), and contribute certain royalty bearing coal reserves to Oxford in return for Oxford common units. Afterward, Brean Capital raised its price target on Westmoreland to $60, noting the announcement represents an entry into the MLP space. Also higher were shares of Textron (TXT), which advanced 11% after the aircraft and defense company reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. Among the noteworthy losers was Urban Outfitters (URBN), which dropped 13% and was downgraded by at least three Street research firms after the owner of Anthropologie and its namesake clothing stores warned that its Q3 earnings may be negatively impacted by continued weakness in its comparable retail sales. Also lower was Myriad Genetics (MYGN), which fell 7% after guiding to lower than expected Q1 adjusted earnings, citing a higher than expected increase in costs to perform its myRisk Hereditary Cancer test following the test's national launch. INDEXES: Near midday, the Dow was up 295.34, or 1.83%, to 16,412.58, the Nasdaq was up 62.43, or 1.48%, to 4,279.82, and the S&P 500 was up 29.48, or 1.58%, to 1,892.24.
08:48 EDTMTBofA/Merrill global steel analysts hold analyst/industry conference call
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October 16, 2014
16:38 EDTOXFWestmoreland to acquire Oxford Resource Partners' general partner
Westmoreland Coal (WLB,) will acquire Oxford GP, the general partner of Oxford Resource Partners (OXF), and contribute certain royalty bearing coal reserves to Oxford in return for Oxford common units. The cash purchase price for these interests is $30.0M plus an additional $3.5M if a specified coal acquisition is consummated within one year of the date of the purchase agreement. It is believed that Oxford will be able to resume quarterly distributions at 20c per common unit post-reverse split and has secured a commitment to refinance its existing credit facilities on better terms. Following these transactions, Oxford will continue to operate as a stand-alone, publicly-traded master limited partnership and Westmoreland will own 77% of the fully-diluted limited partner interests in Oxford. It is anticipated that the transactions will be completed during Q4. In connection with the transactions, there will be a one-time special distribution to the common unitholders.
10:01 EDTHSTOn The Fly: Analyst Upgrade Summary
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08:14 EDTMROInternational E&P price targets lowered at Wells Fargo
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06:35 EDTHSTHost Hotels upgraded to Outperform from Market Perform at FBR Capital
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October 15, 2014
17:22 EDTMROMarathon Oil receives about $2.1B from sale of Norway business
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10:02 EDTHSTOn The Fly: Analyst Upgrade Summary
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07:36 EDTMROMarathon Oil volatility at three-year high as WTI Crude trades below $82
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05:38 EDTHSTHost Hotels upgraded to Overweight from Equal Weight at Barclays
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October 14, 2014
11:21 EDTFOSLFossil initiated with a Buy at Standpoint Research
Target $124.
08:31 EDTHSTHost Hotels announces favorable decision in Texas Supreme Court
Host Hotels announced that on October 3, 2014 the company's litigation related to the San Antonio Marriott Rivercenter hotel ended in favor of the Company as the Texas Supreme Court denied the motion for rehearing from Keystone-Texas Holding Corp. On June 13, 2014, the Texas Supreme Court had overruled a lower court's $57.3M verdict against the Company for allegedly interfering with an effort to sell a San Antonio shopping mall and adjacent land underlying the San Antonio Marriott Rivercenter hotel. Now that the decision by the Texas Supreme Court is final, the company will reverse the $69M loss contingency previously recorded under GAAP. In addition, a court-ordered bond will be released and the Company will recoup its previously funded $25M escrow.

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