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Stock Market & Financial Investment News

News Breaks
June 27, 2014
09:10 EDTMTW, GSManitowoc acknowledges Relational's 13D filing
The Manitowoc Company (MTW) acknowledged that Relational Investors LLC has filed a Schedule 13D with the Securities and Exchange Commission reporting that it has acquired beneficial ownership of 8.52% of the company's common stock. “As an organization, we are committed to acting in the best interest of the company and all of its stakeholders. We have maintained, and will continue to maintain, an open dialogue with all of our shareholders. In fact, we have already had several conversations with Relational Investors. As part of our regular evaluation of the company’s enterprise-wide strategic imperatives to drive long-term shareholder value, we will continue to consider and review Relational Investors’ suggestions,” commented Glen E. Tellock, Manitowoc’s chairman and CEO. “We have great confidence in the strength of our business and our ability to manage the company in any market environment. The Board of Directors and management team remain committed to building value for all shareholders through the continued execution of our strategy, including margin expansion initiatives which are already delivering results, and the continued evaluation of our capital allocation policy following our substantial deleveraging since the Enodis transaction,” concluded Tellock. Goldman, Sachs & Co. (GS) is serving as financial advisor to The Manitowoc Company, Inc.
News For MTW;GS From The Last 14 Days
Check below for free stories on MTW;GS the last two weeks.
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August 1, 2014
13:32 EDTMTWManitowoc August and September calls active
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08:57 EDTMTWManitowoc pullback a buying opportunity, says RW Baird
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July 31, 2014
11:20 EDTMTWHigh option volume stocks:
High option volume stocks: AMRN EWT HIMX PTEN URBN MTW VPRT MTH OTEX ZLTQ
July 30, 2014
17:20 EDTMTWManitowoc lowers 2014 guidance for Crane segment revenue
Manitowoc is lowering its 2014 guidance for Crane segment revenue and Foodservice operating margins, as well as its full-year effective tax rate and amortization of deferred financing fees, while reaffirming all other key full-year financial metrics. Manitowoc now expects: Crane revenue - flat to slightly down; Foodservice operating margins - mid-teens percentages.
17:19 EDTMTWManitowoc reports Q2 adjusted EPS 35c, consensus 42c
Reports Q2 revenue $1.01B, consensus $1.06B. The company said, "Our results for the quarter fell short of our expectations with disappointing top-line performance in Cranes driven by uncertainty spanning certain end markets, as well as limited margin expansion in Foodservice. However, our ability to react swiftly, maintain responsive cost controls, and enhance our operational efficiencies should help mitigate the impact on our overall profitability for the year. We are committed to executing our strategies across the enterprise, in spite of some of the challenges we faced in the first half of the year."
July 29, 2014
09:38 EDTGSGoldman may expand metal warehousing into China, Reuters says
Seeing a potential opportunity after a Chinese trading firm allegedly fraudulently used a single cargo of metal as collateral for multiple loans, Goldman Sachs' metals warehousing unit is exploring its first entry into China's market, reported Reuters, citing sources. Reference Link
July 27, 2014
16:14 EDTGSGoldman close to settling FHFA suit on faulty mortgage claims, Bloomberg says
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July 24, 2014
16:38 EDTGSJames Schiro retires from the board of Goldman Sachs due to health reasons
The board of The Goldman Sachs Group announced that James Schiro, lead director and chair of the board’s corporate governance, nominating and public responsibilities committee, has retired from the board in order to undergo treatment after a diagnosis of multiple myeloma.
July 22, 2014
16:32 EDTMTWManitowoc receives favorable initial determination in patent infringement suit
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06:34 EDTGSGoldman, others close to $2B Huarong agreement, Reuters says
Goldman Sachs and other private equity firms such as Warburg Pincus, Khazanah Nasional, CITIC Group, China International Capital, Fosun Group and COFCO are nearing an agreement to purchase up to a 20% stake in China Huarong Asset Management for approximately $2B, according to Reuters, citing people familiar with the matter. Reference Link
July 21, 2014
06:47 EDTGSGoldman signs preliminary agreement with Socar unit, Reuters says
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