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August 4, 2014
18:37 EDTAHC, CAR, OESX, AIG, GTAT, SALE, CHGG, NLSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Nautilus (NLS), up 12.8%; GT Advanced (GTAT), up 11.5% after reporting second quarter results, narrowing fiscal 2014 guidance, and backs fiscal 2016 EPS target, as well as reporting that the build-out of the company's Arizona facility is nearly complete... Avis Budget (CAR), up 3.7%... Chegg (CHGG), up 4.4% after reporting quarterly results and that it formed a strategic alliance with Ingram Content Group... American International Group (AIG), up 2.3% after reporting second quarter results and an additional $2B share repurchase authorization... ALSO HIGHER: A. H. Belo (AHC), up 4.7% after Bloomberg reported that Gannett (GCI) is agreeing to acquire the remaining 73% stake in DOWN AFTER EARNINGS: RetailMeNot (SALE), down 21.7% after reporting second quarter results below analyst estimates... Orion Energy Systems (OESX), down 6%.
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December 17, 2014
08:39 EDTCARAvis Budget agrees to acquire licensee for Norway, Sweden, Denmark for $50M
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08:38 EDTCARAvis Budget agrees to acquire licensee for Norway, Sweden, Denmark for $50M
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December 16, 2014
06:16 EDTGTATGT Advanced's settlement with Apple approved by bankruptcy court, WSJ reports
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December 15, 2014
08:46 EDTCARAvis Budget to combine three operating regions into two
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08:04 EDTAHCA.H. Belo announces sale of former South Plant, updates on pension, cash taxes
A. H. Belo Corporation closed on the sale of its former South Plant facility. Net proceeds were $6.7M and the company will record a gain on this sale in the fourth quarter of approximately $1.9M. The company also determined it will make a $20M voluntary payment to its pension plans prior to the end of 2014. This contribution will serve to continue to improve the unfunded position of the pension plans as well as to reduce the company’s 2014 cash taxes, as pension contributions are tax deductible. In other efforts to de-risk the pension plans, in the fourth quarter the company completed a second lump sum payment offer to certain pension plan participants. A total of 721 participants accepted this lump sum offer which is expected to reduce the pension benefit obligation by approximately $70M. The company estimates it will record approximately $7.6M of additional non-cash pension expense in the fourth quarter due to the recognition of prior year actuarial losses associated with the liquidated pension obligations. The pension plans will pay approximately $55M to those participants accepting the lump sum offer. As a result of both of these actions, the company does not expect to make any required pension contributions in 2015. Based on current projections, including the sale of the South Plant and the voluntary pension contribution, the company expects to pay approximately $6M-$8M in federal and state cash taxes for 2014. The estimated payments will be made in December 2014.
December 12, 2014
08:09 EDTAIGBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
December 11, 2014
18:00 EDTAHCA.H. Belo announces special cash dividend of $2.25 per share
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10:31 EDTCARAvis Budget, Inspirato sign exclusive partnership agreement
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December 5, 2014
10:18 EDTCARAvis Budget and Hertz November data positive, says MKM Partners
MKM Partners said Manheim data for November was 123.3, above expectations and October's reading of 12.8. The firm said Manheim and other data is supportive of positive trends in the car rental industry.
December 4, 2014
10:08 EDTCAROn The Fly: Analyst Initiation Summary
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07:07 EDTCARAvis Budget management to meet with Deutsche Bank
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06:27 EDTCARAvis Budget initiated with an Outperform at Credit Suisse
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