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Stock Market & Financial Investment News

News Breaks
June 16, 2014
04:55 EDTPEP, PEP, F, F, PRGO, PRGO, ROC, ROC, SYMC, SYMC, MS, MS, FRX, FRX, TWC, TWC, JNPR, JNPR, HD, HD, GILD, GILD, CSCO, CSCO, SI, SIWall Street Journal to hold annual meeting
Wall Street Journal CFO Network Annual Meeting to be held in Washington, D.C. on June 16-17.
News For PEP;CSCO;GILD;HD;JNPR;TWC;FRX;MS;SYMC;ROC;PRGO;F;SI From The Last 14 Days
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July 15, 2014
14:43 EDTROCRockwood reported to have recently approached strategic buyers, Bloomberg says
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13:53 EDTROCRockwood shares should push higher, says Credit Suisse
Credit Suisse believes shares of Rockwood (ROC) will move higher as Albemarle (ALB) investors get more comfortable with Rockwood's high growth and high free cash flow platform, and sees the potential for other bidders given the relatively low premium.
13:11 EDTROCAlbemarle downgraded to Underperform from Perform at Oppenheimer
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11:13 EDTPRGOPerrigo retreats after analyst sees limited potential buyers
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10:28 EDTROCHigh option volume stocks
High option volume stocks: TRGT ALB UUP ADHD ROC WWW CTRL KERX IMGN NI
09:31 EDTSYMCSenate Judiciary Committee to hold a hearing
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09:21 EDTROCOn The Fly: Pre-market Movers
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08:56 EDTROCAlbemarle says suspending share repurchase program
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08:54 EDTROCAlbemarle says Rockwood merge to be accretive to cash earnings in first year
Albemarle (ALB) says it views its merge with Rockwood (ROC) as a "decisive move." Says transactions accelerates growth, enhances earnings profile and doubles Albemarle's size. Expects revenue growth to be well above GDP. Says "well positioned" for core earnings growth drivers to drive business. Says the transaction will generate "strong" free cash flow to allow for the company to continually invest in key growth drivers. Says transaction will enable to Albemarle to have more consistent and predictable earnings growth to drive long-term value creation going forward. Expects transaction to be accretive to cash earnings in the first year and adjusted EPS in the second year. Says combined company will create $500M in cash flow on a pro forma basis in first year, rising substantially going forward as the company grows. Expects the transaction to generate cost synergies of $100M to be fully realized in 2016. Comments made during the conference call in which Albemarle and Rockwood discussed their merger.
08:35 EDTCSCOCisco announces multi-year sales, go-to-market agreement with Microsoft
Cisco (CSCO) announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets. The companies will focus on integrating market leading technologies, including Cisco Unified Computing System, Cisco Nexus switching and Microsoft Cloud OS solutions including Windows Server, System Center, SQL Server and Microsoft Azure.
08:03 EDTTWCPublic speak out on FCC 'net-neutrality' plan, WSJ says
The Federal Communications Commission's has received more than 677K comments so far from the public on its proposed 'net-neutrality' rules for how broadband providers can treat content traveling over their networks and a random sampling of the input suggests that the agency will have work to do to sell the plan, according to The Wall Street Journal. Companies that provide broadband Internet service include Comcast (CMCSA), AT&T (T), Verizon (VZ) Time Warner Cable (TWC), and Cablevision (CVC). Netflix (NFLX) sends a great deal of content over the Internet and strongly supports net neutrality. Reference Link
07:48 EDTPRGOPerrigo could be acquired, says RBC Capital
After Globes suggested that Perrigo has hired an investment bank to sell the company. RBC Capital thinks the company has several attributes that could appeal to potential acquirers, including its ability to serve as an inversion vehicle. However, the firm believes that Perrigo could also acquire another company instead. RBC Capital keeps a $160 price target and Outperform rating on the shares.
07:35 EDTPRGOPerrigo potential buyers list could be limited, says Jefferies
After Globes reported that Perrigo retained an investment bank to assist with a potential merger, Jefferies says the list of potential buyers could be limited since the store brand business is fundamentally a high volume, lower margin model. The firm notes U.S. companies that currently do not have large over-the-counter divisions include Bristol-Myers (BMY), Eli Lilly (LLY) and Merck (MRK). Jefferies views the merger speculation surrounding Perrigo as not surprising given the company's strong long-term fundamentals and attractive Irish domicile. It has a Buy rating on the stock with a $160 price target.
07:15 EDTPEPIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
06:53 EDTROCRockwood Holdings volatility expected to move on Albemarle acquisition
Rockwood Holdings (ROC) volatility is expected to move on Albemarle (ALB) acquiring all outstanding shares of Rockwood in a cash and stock transaction valued at approximately $6.2B. Overall option implied volatility of 27 is at its 26-week average according to Track Data, suggesting non-directional price movement.
06:46 EDTROCAlbemarle to host conference call
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06:27 EDTFAutomakers backing U.S.-EU trade deal, NY Times reports
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06:05 EDTROCAlbemarle, Rockwood to merge in transaction valued at about $6.2B
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06:04 EDTROCAlbemarle, Rockwood to merge in transaction valued at about $6.2B
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05:53 EDTCSCOStocks with implied volatility movement; CSCO WMT
Stocks with implied volatility movement; Cisco (CSCO) 23, Wal-Mart (WMT) 13 according to iVolatility.
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