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Stock Market & Financial Investment News

News Breaks
February 20, 2013
16:52 EDTODP, OMX, TRI, CAT, CHTP, NTSP, TSS, HNROn The Fly: Closing Wrap
Stocks on Wall Street were lower as each of the major averages dropped after the minutes from the last FOMC meeting indicated several Fed members are ready to vary the pace of bond buying... ECONOMIC EVENTS: In the U.S., housing starts dropped 8.5% to a 890K rate in January, which was less than forecast. However, building permits were up 1.8% in the month, versus expectations for an increase of 1.2%. Producer prices in January rose 0.2%, versus expectations for an increase of 0.3%. The core producer price inflation figure, which excludes volatile food and energy components, rose 0.2%, which was in line with expectations. The minutes from the FOMC's Jan 29-30 meeting, released at 2 pm ET, said that several Fed members are concerned about the costs and risks of additional asset purchases. Several members of the committee said the Fed should be prepared to vary the pace of asset purchases, as the committee members continued to see moderate economic growth and gradually declining unemployment... COMPANY NEWS: The Office Depot (ODP) and OfficeMax (OMX) merger, reported over the long holiday weekend by the Wall Street Journal, was formally announced by the companies. However, the confirmation was inadvertently released on Office Depot's website ahead of the joint announcement, an error for which Thomson Reuters (TRI) later took responsibility. Shares of both companies, which had run-up after the WSJ story, declined following the confirmation, with Office Depot losing 84c, or 16.73%, to $4.18 and OfficeMax falling $91c, or 7%, to $12.09... Dow member Caterpillar (CAT) dropped $2.38, or 2.49%, to $93.22 after disclosing that global retail machine sales were down 4% in the three month rolling period ending January 31... MAJOR MOVERS: Among the notable gainers were shares of Chelsea Therapeutics (CHTP), up $1.14, or 149.51%, to $1.91 after the company received FDA guidance for a Northera new drug application resubmission and the stock was upgraded to Buy at Ladenburg. Also higher was NetSpend (NTSP), up $3.52, or 28.64%, to $15.81 after agreeing to be acquired by Total Systems (TSS) for $16 per share. Shares of buyer Total Systems lost $1.51, or 6.43%, to $21.97 following the acquisition. Also lower were shares of Harvest Natural Resources (HNR), down $3.71, or 40.5%, to $5.45 after its agreement to sell interests in Venezuela was terminated since the government of Indonesia voted against the transaction... INDICES: The Dow was down 108.13, or 0.77%, to 13,927.54; the Nasdaq was down 49.18, or 1.53%, to 3,164.41; and the S&P 500 was down 18.99, or 1.24%, to 1,511.95.
News For ODP;OMX;TRI;CAT;CHTP;NTSP;TSS;HNR From The Last 14 Days
Check below for free stories on ODP;OMX;TRI;CAT;CHTP;NTSP;TSS;HNR the last two weeks.
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September 15, 2014
08:35 EDTODPOffice Depot to transfer stock listing to NASDAQ from NYSE
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08:34 EDTTRIThomson Reuters recommends shareholders reject TRC Capital's offer
Thomson Reuters has been notified of an unsolicited mini-tender offer by TRC Capital Corporation (TRC Capital) to purchase up to 2.5M Thomson Reuters common shares, or approximately 0.31% of the common shares outstanding, at a price of C$39.75 per share. Thomson Reuters does not endorse this unsolicited mini-tender offer and recommends that shareholders reject the offer and do not tender their shares in response to the offer.
06:25 EDTODPStaples sum-of-parts analysis yields just 10% upside, says Deutsche Bank
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September 12, 2014
09:31 EDTCATCaterpillar view lowered to Mixed from Positive at OTR Global
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September 10, 2014
10:00 EDTCATOn The Fly: Analyst Downgrade Summary
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09:14 EDTCATUpdate: Caterpillar downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Caterpillar to Neutral from Buy. The firm downgraded shares to reflect a slowdown in growth outside the U.S., a stronger U.S. dollar, easing ECB monetary policy, slowing Chinese import growth, and recessionary pressures in Brazil. Price target lowered to $121 from $125.
09:04 EDTCATCaterpillar downgraded to Neutral from Buy at BofA/Merrill
08:34 EDTODPOffice Depot announces resignation of Starboard's Jeffrey Smith from board
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07:49 EDTCATLongbow to hold a conference
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07:31 EDTTRIGoldman to hold a conference
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06:49 EDTTRIThomson Reuters looking to unload trade publications, NY Times reports
Thomson Reuters is trying to sell a number of its trade publications including peHUB, Buyouts and Venture Capital Journal, The New York Times reported yesterday, citing a report by peHUB on Monday. The process is at an early stage, The Times quoted peHUB as saying. Thomson Reuters refused to directly comment on the matter, but did say, " As a matter of business course, Thomson Reuters routinely reviews its business portfolio in line with strategy and client needs.," The Times noted. Reference Link
September 9, 2014
15:07 EDTTSSTSYS supports Apple Pay
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September 5, 2014
07:16 EDTHNRHarvest Natural announces at-the-market equity financing program
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06:14 EDTHNRHarvest Natural enters $75M equity distribution agreement
Harvest Natural entered a $75M equity distribution agreement with Raymond James.
September 4, 2014
13:59 EDTCATProgress Rail loses railcar improvement deals, WSJ says
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September 3, 2014
09:15 EDTODPOn The Fly: Pre-market Movers
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08:10 EDTTSSTotal System management to meet with Deutsche Bank
Meeting to be held in Boston on September 3 hosted by Deutsche Bank.
06:09 EDTODPOffice Depot awarded $100M supplies and solutions contract by Corporate United
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06:02 EDTODPOffice Depot backs FY14 sales to be lower than FY13 combined pro forma sales
FY14 consensus of $16.11B; Sees Q3 total adjusted sales to be similar to 1H14 trend, Q3 revenue consensus of $3.93B; Backs FY14 adjusted operating income of not less than $200M.
September 2, 2014
07:14 EDTTSSTotal System management to meet with Deutsche Bank
Meeting to be held in Boston on September 2 hosted by Deutsche Bank.
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