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Stock Market & Financial Investment News

News Breaks
March 22, 2013
09:09 EDTABR, MU, NKE, TIBX, MNST, TIF, BPOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Nike (NKE), up 8%... Micron (MU), up 8.6%... Tiffany (TIF), up 4.3%... ALSO HIGHER: BP (BP), up 2.8% after announcing intent to buy back $8B of shares following completion of TNK-BP deal... DOWN AFTER EARNINGS: TIBCO (TIBX), down 16.3%... ALSO LOWER: Arbor Realty (ABR), down 5.7% after commencing 5.625M common share offer... Monster Beverage (MNST), down 3.2% after Bloomberg report said a study suggested energy drinks may increase blood pressure and lead to erratic heartbeat.
News For NKE;BP;MNST;MU;TIF;TIBX;ABR From The Last 14 Days
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May 17, 2013
16:21 EDTBPOn The Fly: Closing Wrap
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13:09 EDTBPTesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities.
06:07 EDTMUMobile DRAM revenue fell 5% in Q1, DigiTimes reports
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May 16, 2013
14:46 EDTBPTesoro may take over BP California assets as soon as June 1, Reuters says
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14:32 EDTBPTesoro may take ownership of BP Carson refinery, other assets as soon as June 1
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09:46 EDTTIFTiffany raises quarterly dividend to 34c from 32c
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08:19 EDTMUCourt decision should hasten Micron takeover of Elpida, says Sterne Agee
Sterne Agee believes that a decision by a Japanese court dismissing appeals from the two unsecured creditors to the Elpida consolidation process should enable Micron to close its Elpida acquisition much more quickly than some had feared. The firm views this development as very positive for Micron and keeps a Buy rating on the stock.
07:11 EDTBPBP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports
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06:08 EDTBPOn the Fly: Periodicals Wrap-Up
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05:32 EDTMUMicron announces issuance by Tokyo Court of order dismissing creditor appeals
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May 15, 2013
17:38 EDTTIFTrian Fund gives quarterly update on stakes
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17:26 EDTTIFThird Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN).
08:38 EDTBPWTI crude falls for a fith consecutive day, Bloomberg reports
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05:55 EDTBPEU inspects firms in oil investigation, WSJ reports
EU antitrust authorities carried out unannounced inspections of energy giants BP (BP), Royal Dutch Shell (RDS.A) and Statoil (STO), escalating an investigation of alleged oil-price manipulation amid scrutiny of how prices are set in global financial markets, reports the Wall Street Journal. EU officials are investigating whether the three companies manipulated prices in the $2.5T physical-oil market by giving false data to an oil index publisher, the Platts unit of McGraw Hill Financial (MHFI). Platts's offices were also inspected.Reference Link
May 14, 2013
11:08 EDTBPBP says involved in EC probe, cooperating with investigation, Bloomberg reports
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10:01 EDTMNSTOn The Fly: Analyst Initiation Summary
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08:06 EDTNKEBofA/Merrill's retail analysts hold an analyst/industry conference call
Global Retail Team discusses key global athletic themes including industry trends, sourcing costs outlook and favorite investment ideas on an Analyst/Industry conference call. Relevant covered companies COLM, COST, DKS, FINL, FL, GES, JNY, NKE, PVH, RL, TGT, UA and WMT may be included on the Analyst/Industry conference call to be held on May 14 at 10 am.
07:10 EDTBPIEA says North American oil will dominate world supply growth, WSJ reports
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07:00 EDTNKENike price target raised to $75 from $65 at Barclays
Barclays expects Nike to return to gross margin expansion in Q3 and that the re-acceleration of futures in the U.S. and China will drive shares higher. The firm rates Nike an Overweight.
06:16 EDTMNSTMonster Beverage initiated with an Overweight at Morgan Stanley
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