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Stock Market & Financial Investment News

News Breaks
December 18, 2012
18:48 EDTKCG, EGN, BTH, APOG, SYMM, RMCF, ORCL, HNT, AIROn The Fly: After Hours Movers
UP AFTER EARNINGS: Oracle (ORCL), up 1.5%... Apogee Enterprises (APOG), up 1.6%... ALSO HIGHER: Knight Capital (KCG), up 4% after reports the company would seek a merger with Getco... Rocky Mountain Chocolate (RMCF), up 22% after disclosing the receipt of a takeover bid from PST Capital for $13.50 per share... Blyth (BTH), up 9.8% after announcing new agreement with ViSalus... DOWN AFTER EARNINGS: AAR Corp. (AIR), down 0.5%... DOWN AFTER GUIDANCE: Symmetricom (SYMM), down 10% after lowering Q2 revenue, EPS view... Energen (EGN), down 4.5% after lowering FY12, FY13 EPS views.. HealthNet (HNT), down 1.5% after lowering FY13 EPS, revenue view.
News For ORCL;APOG;KCG;RMCF;BTH;AIR;SYMM;EGN;HNT From The Last 14 Days
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February 24, 2015
09:33 EDTAIRAAR Corp. downgraded to Neutral from Buy at Sidoti
Sidoti downgraded AAR Corp to Neutral based on valuation.
07:46 EDTAIRAAR Corp. coverage assumed with a Neutral at Credit Suisse
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07:21 EDTKCGSecurities Industry & Financial Markets Association to hold a conference
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February 23, 2015
19:40 EDTHNTLeerink healthcare services analyst holds an analyst/industry conference call
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12:21 EDTHNTOn The Fly: Midday Wrap
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11:10 EDTHNTHealth insurers rise after CMS releases preliminary Medicare Advantage rates
The shares of a number of health insurers are rising after the Centers for Medicare and Medicaid Services, or CMS, issued preliminary 2016 Medicare Advantage rates. According to Credit Suisse, the rates were favorable for health insurers. WHAT'S NEW: On Friday after the market closed, CMS issued a proposal for 2016 Medicare Advantage rates. The rates are preliminary and could change when CMS announces the final 2016 rates on April 6 of this year, the agency noted. In a note to investors earlier today, Credit Suisse analyst Ralph Giacobbe estimated that, under CMS' initial proposal, insurers would see rate changes of between -1% and +1%, depending on the risk that each insurer faces. The preliminary rates were "favorable" for insurers, since the rates were "in-line if not slightly better" than investors had expected, the firm stated. Moreover, CMS decided not to restrict at-home health risk assessments, as had been feared, and agreed to reduce the weighting of certain risk factors that had hurt previously certain plans with a higher proportion of low-income beneficiaries, acceding to a request by insurers. Insurers with the highest exposure to Medicare Advantage include Humana (HUM), UnitedHealth (UNH), and WellCare (WCG), the analyst stated. WHAT'S NOTABLE: After analyzing CMS' proposal, health insurer Aetna (AET) estimated that the proposal would cause government funding for its Medicare Advantage business to decline by about 1% in 2016. Aetna added that it is continuing to evaluate the changes outlined in the Advance Notice and their impact on the company and its Medicare Advantage members. OTHERS TO WATCH: Other publicly traded health insurance companies include Anthem (ANTM), AMERIGROUP (AGP), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), and Molina Healthcare (MOH). PRICE ACTION: In mid-morning trading, Humana climbed 5.3% to $164.43, UnitedHealth rose 2.6% to $115.56, WellCare gained 6.3% to $90, Aetna advanced 2% to $99.91, and Centene added 3.4% to $61.93.
08:49 EDTAIRAAR Corp. to hold a conference call
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08:11 EDTAIRAAR Corp. expects to report pre-tax gain of $200M from TransDigm transaction
AAR (AIR) announced it has agreed to sell its Telair Cargo Group to TransDigm (TDG) for a purchase price of $725M in cash, subject to adjustments. The Telair Cargo Group is comprised of Telair International, Telair U.S., and Nordisk Aviation Products. AAR will report its Telair Cargo Group as discontinued operations beginning in the third quarter of FY 2015 and the sale is expected to close in the fourth quarter ending May 31, 2015, subject to regulatory approval. When the sale closes, AAR expects to report a pre-tax gain of approximately $200 million after expenses and fees. AAR further announced its intention to sell its unprofitable Precision Systems Manufacturing business and will report it as a discontinued operation and record an impairment charge of approximately $40 million in the third quarter of FY 2015. The company also announced today that its third-quarter results will be less than expected due to fewer flying positions in its Airlift operation, costs associated with this transaction, and bid costs for large government contracts.
08:06 EDTAIRTransDigm to acquire Telair Cargo Group from AAR Corp. for $725M
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08:05 EDTHNTCMS releases preliminary Medicare Advantage rates for 2016
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February 19, 2015
11:04 EDTORCLOracle unveils new big data solutions
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February 18, 2015
06:56 EDTHNTObamacare enrollment exceeded goal, Politico reports
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04:55 EDTORCLStocks with implied volatility movement; MO ORCL
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February 17, 2015
07:47 EDTEGNEnergen price target raised to $83 from $65 at Wunderlich
Wunderlich raised its price target for Energen shares to $83 saying the company is well positioned for growth in 2015 and has a strong balance sheet. It keeps a Buy rating on the name.
February 16, 2015
17:24 EDTORCLFIS, Oracle among those exploring Monitise bid, Sky News reports
FIS (FIS) is among the U.S. companies considering a takeover bid for Monitise, the UK mobile banking software manufacturer which put itself up for sale last month, Mark Kleinman of Sky News reports. Other possible bidders include Oracle (ORCL) and IBM (IBM), Kleinman added. He pointed out that all of the takeover discussions are said to be at an early stage. Reference Link

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