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Stock Market & Financial Investment News

News Breaks
March 5, 2013
11:03 EDTCACI, RSG, SGMO, JEC, NWSHigh option volume stocks: NWS SGMO CACI JEC RSG
News For NWS;SGMO;CACI;JEC;RSG From The Last 14 Days
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November 25, 2014
08:08 EDTCACICACI awarded $62.5M contract to suport CNT work for CENTCOM
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November 24, 2014
16:12 EDTNWSNews Corp acquires 25% stake in parent company of PropTiger.com
News Corp announced that it has acquired a 25% stake in the parent company of PropTiger.com, a leading digital real estate marketing platform in India, for US$30 million. News Corpís investment continues the acceleration of its global digital footprint with an emphasis on India, where the company also has a presence through its Dow Jones, Wall Street Journal and HarperCollins Publishers businesses. The investment creates a network effect to complement and build on the strength of the companyís collection of businesses, which include leaders in news, book publishing and digital real estate. News Corp owns Move, operator of realtor.com. Move has the most up-to-date and accurate for-sale listings of any digital real estate company in America. In addition, News Corp has a 61.6% stake in REA Group Limited, operator of the leading Australian residential property website, realestate.com.au. REA also has a substantial stake in iProperty, the leading digital real estate advertising business across South East Asia. PropTiger.com will benefit from News Corpís digital and product expertise, drawing on its experience with REA and Move.
10:00 EDTJECOn The Fly: Analyst Downgrade Summary
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06:17 EDTNWSJetBlue announces partnerships for Fly-Fi Hub
JetBlue (JBLU) is partnering with content providers Coursera, FOX (FOX, FOXA), HarperCollins Publishers, National Geographic, Rouxbe and Time Inc. (TIME) to offer customers more free content than any other U.S carrier in the sky. The Fly-Fi Hub is the new gateway to JetBlue's Fly-Fi offering, the fastest Wi-Fi in the sky, and went live this morning. Available to JetBlue customers via their own personal device, it will offer a wide range of entertainment options such as some of the most popular TV shows from FOX and National Geographic, ebook samples from HarperCollins, e-learning videos from Coursera and Rouxbe and the option to purchase magazines from Time Inc.'s portfolio. In the next phase of JetBlue's Fly-Fi Hub, due to roll out 1Q15, additional content from PBS, Random House and the Wall Street Journal (NWSA, NWS) will be added.
06:03 EDTJECJacobs Engineering downgraded to Sell from Neutral at Goldman
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November 23, 2014
18:15 EDTJECJacobs Engineering announces retirement of CEO Craig Martin
Jacobs Engineering Group announced the retirement of Craig L. Martin as President and CEO and a member of the board of directors, effective on December 26 , the last day of Jacobs' first quarter of fiscal 2015. Mr. Martin elected to retire for health reasons. He has been at Jacobs since 1994 and was promoted to President of Jacobs and joined the Board in 2002. He became Chief Executive Officer in 2006. The board of directors has appointed Noel G. Watson to serve as Executive Chairman until a new CEO is appointed. Mr. Watson has been Chairman of the Board since 2004, and was CEO from November 1992 to April 2006. He was also the President from 1987 until July 2002.
November 20, 2014
08:01 EDTCACICACI awarded $182M prime contract to support NAVSEA PEO IWS
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November 19, 2014
11:18 EDTJECJacobs Engineering to host financial analyst presentation
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07:52 EDTJECJacobs Engineering price target lowered to $58 from $64 at UBS
UBS lowered its price target on Jacobs Engineering to $58 from $64 to reflect the risk from falling oil prices on its customers' capital expenditures. UBS reiterated its Buy rating on Jacobs Engineering shares.
07:08 EDTSGMOSangamo says study demonstrates in vivo reversal of Huntington's disease signs
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November 18, 2014
11:09 EDTJECJacobs Engineering sees Q1 typically lower than Q4
Comments made on Q4 earnings conference call.
08:01 EDTCACICACI awarded $32M contract to provide digital mapping services to NGA
CACI International Inc has been awarded a $32M contract to provide digital mapping and charting services to the National Geospatial-Intelligence Agency under the GEOINT Data Services Maritime Atlantic Region program. This four-year contract represents additional work for CACI and expands its presence in its Geospatial market area.
05:24 EDTJECJacobs Engineering sees FY15 EPS $3.35-$3.85, consensus $3.76
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05:23 EDTJECJacobs Engineering reports Q4 EPS 65c, consensus 86c
Reports Q4 revenue $3.2B, consensus $3.32B. Included in the companyís results for the quarter ended September 26, is an aggregate after-tax negative impact of $30.4M, or 23c per diluted share, related to restructuring efforts. Consolidated tax expense for Q4 was negatively impacted by the effects of changing tax rates relating to certain of the company's international pension plans. This impact was substantially offset by the positive effects relating to the reassessment of certain international tax exposures and the resulting reversal of approximately $4.0M of accrued interest expense.
November 17, 2014
15:16 EDTJECNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Agilent Technologies (A), consensus 89c; Jacobs Engineering (JEC), consensus 86c; Urban Outfitters (URBN), consensus 41c; Omega Protein (OME), consensus 30c.
14:02 EDTJECJacobs Engineering technical comments before earnings
The stock has underperformed in the prior three months, trading down 10%. The trend was decidedly bearish in the front half of the period, but since the market lows of mid-October has modified to a sideways consolidation. In a longer-term view the recent price action has been part of a much larger downtrend since price peaked in late 2013. There is a potential bearish flag when viewed on a 5-year graph, with the flag being formed by the recent price consolidation. On bearish news, a breakdown below the low of the flag at $47 would trigger the pattern. Downside potential if the pattern triggers and completes is to the $35 area. If the news is better than current bearish expectations would suggest, the key for price would be breaking out of the top of the flag at $49. If that happens the pattern would be voided. Additional upside objectives would be at $50.56, $51.65, and $53.28 depending on the degree of positive surprise.
11:49 EDTSGMOPiper Jaffray healthcare analysts to hold an analyst/industry conference call
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November 14, 2014
08:46 EDTJECJacobs Engineering names Kevin Berryman as EVP, CFO
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08:29 EDTNWSNews Corp completes acquisition of Move, Inc
News Corp announced that it has successfully completed its acquisition of Move, Inc. Move is a provider of online real estate services and operates a network of sites, including realtor.com, the official website for the National Association of Realtors. The previously announced tender offer by a subsidiary of News Corp for all of the outstanding shares of Move common stock at a price of $21.00 per share expired as scheduled at the end of the day, 12:00 midnight, New York City time, on November 13, 2014. Excluding shares tendered by notice of guaranteed delivery, a total of approximately 34,299,586 shares were validly tendered into and not withdrawn from the tender offer, representing, together with the shares owned by News Corp and its subsidiaries, approximately 83.1% of Moveís outstanding shares. As a result, News Corp, through its subsidiary, has accepted for payment and will promptly pay for all such validly tendered shares pursuant to the terms of the tender offer. Following its acceptance of the tendered shares, News Corp completed the acquisition by causing the merger of its subsidiary with and into Move without a vote of Moveís stockholders, pursuant to Section 251(h) of the Delaware General Corporation Law. Upon completion of the merger, Move became an indirect, wholly-owned subsidiary of News Corp. As a result of the merger and in accordance with the terms of the merger agreement, all eligible Move shares not tendered into the tender offer were cancelled and converted into the right to receive $21.00 per share in cash, without interest and less any applicable withholding taxes, the same price per share offered in the tender offer. As a result of the acquisition, Move shares ceased to be traded on the NASDAQ Stock Market. REA Group Limited, in which News Corp owns a 61.6% interest, has entered into a definitive agreement with News Corp to acquire a 20% stake in Move. The transaction is expected to be completed on November 17.
November 13, 2014
06:27 EDTNWSDow Jones to end German, Turkish services, Sunday inserts, WSJ reports
Dow Jones, a unit of News Corp, will eliminate certain local-language news products in Germany and Turkey, The Wall Street Journal Radio Network and The Sunday Journal, leading to the reduction of 50-60 jobs, the Wall Street Journal reports, citing a source familiar with the matter. In a staff memo, Dow Jones CEO William Lewis explained that "It will come as no surprise that in order to do even more, we must do fewer things that are not core to our business so that we can move faster in pursuit of our goals." Reference Link

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