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Stock Market & Financial Investment News

News Breaks
August 1, 2014
16:24 EDTBYI, SGMS, CVX, WWWW, MGAM, PG, VCRAOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory and remained there for most of the session, capping a down week with a down day. The averages made it into positive territory for a short time during the morning hours but were never able to build any momentum. Investors were hit with a heavy dose of information, including more corporate earnings, the monthly U.S. jobs report, data on personal income and spending, construction spending and domestic manufacturing, along with manufacturing PMI readings from China. ECONOMIC EVENTS: In the U.S., non-farm payrolls rose 209K in July, missing the 230K forecast. The unemployment rate rose to 6.2% from 6.1% previously. Personal income rose 0.4% in June, with spending up 04% as well, and both of those matched expectations. The final reading of the University of Michigan consumer sentiment index for July came in at 81.8, which was in-line with expectations. seen 81.9; previously 81.3. ISM's manufacturing PMI for July rose to 57.1, beating expectations for a more modest rise to 56.0. Construction spending dropped 1.8% in June, versus expectations for it to have risen 0.4%. In China, the government's official manufacturing PMI for July came in above expectations at 51.7, though the HSBC-Markit PMI came in at 51.7, missing the median forecast of 52.0. COMPANY NEWS: Shares of Procter & Gamble (PG) advanced $2.33, or 3.01%, to $79.65 to lead the Dow Jones Industrial Average after the company's core earnings per share beat expectations and it said it intends to pare back its portfolio to focus on the 70 to 80 "core" brands that make up about 90% of its revenue... Another member of the Dow, Chevron (CVX), moved in the opposite direction, falling $1.34, or 1.04%, to $127.90 after its own earnings report. The oil major also lowered its FY14 production view by 1%-2%, citing weather, asset sales and a shutdown at its Angola LNG site as negative production drivers. MAJOR MOVERS: Among the notable gainers was Bally Technologies (BYI), which surged $17.53, or 29.13%, to $77.70 after the company agreed to be acquired by Scientific Games (SGMS) for $5.1B, or $83.30 per share. Another company in the same sector, Multimedia Games (MGAM), rose $2.21, or 9.16%, to $26.33, while Scientific Games gained 24c, or 2.81%, to $8.78 following the announcement of the deal. Among the noteworthy losers was Vocera (VCRA), which fell $3.42, or 27.21%, to $9.15 and was downgraded to Hold from Buy at Craig-Hallum and cut to Equal Weight from Overweight at Stephens following the company's Q2 report and lowered FY14 guidance. Also lower were shares of Web.com (WWWW), which dropped $6.43, or 24.22%, to $20.12 and was downgraded at SunTrust and BWS Financial after its own quarterly report. INDEXES: The Dow dropped 69.93, or 0.42%, to 16,493.37, the Nasdaq fell 17.13, or 0.39%, to 4,352.64, and the S&P 500 declined 5.52, or 0.29%, to 1,925.15.
News For PG;CVX;BYI;MGAM;SGMS;VCRA;WWWW From The Last 14 Days
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December 11, 2014
05:44 EDTCVXStocks with implied volatility movement; CZR CVX
Stocks with implied volatility movement; Caesar's (CZR) 126, Chevron (CVX) 33 according to iVolatility.
December 10, 2014
16:44 EDTCVXOn The Fly: Closing Wrap
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16:00 EDTCVXOptions Update; December 10, 2014
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09:36 EDTCVXActive equity options trading
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December 9, 2014
18:09 EDTCVXChevron FY15 CapEx plan delayed until 2015, Bloomberg says
Due to the recent slump in crude oil, Chevron will delay the release of its 2015 capital expenditure plan until early 2015, Bloomberg reports, citing a telephone interview with a company spokesperson. Reference Link
10:39 EDTWWWWWeb.com holder Okumus reports 14.8% stake, changes stance to active
Okumus Fund Management reported a 14.8% stake in Web.com and changed its filing designation to active. Okumus stated in its filing that it may in the future continue to engage in communications with management and the board of the company, engage in discussions with shareholders of Web.com and others about the company, make other proposals to the company concerning changes to the capitalization, ownership structure, board structure or composition or operations of Web.com. Okumus previously identified itself as a passive stakeholder.
December 8, 2014
19:01 EDTCVXChevron subsidiary acquires three blocks offshore New Zealand
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07:53 EDTCVXClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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December 5, 2014
11:17 EDTCVXPhillips 66 announces 2015 capital budget of $4.6B
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07:43 EDTCVXLondon bankers see oil slump spurring energy industry consolidation, WSJ reports
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December 4, 2014
10:08 EDTPGOn The Fly: Analyst Upgrade Summary
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08:04 EDTPGProcter & Gamble divestiture plan positive, says Bernstein
After Procter & Gamble reiterated its plans to divest 90-100 brands that account for 10% of its sales, Bernstein thinks that the company can reduce its costs and drive efficiency by selling declining growth/low margin brands. The firm keeps an Outperform rating on the shares.
06:20 EDTPGProcter & Gamble upgraded to Outperform from Neutral at Credit Suisse
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December 3, 2014
15:39 EDTVCRAVocera management to meet with FBR Capital
Meeting to be held in Boston on December 4 hosted by FBR Capital.
12:33 EDTCVXOil producers to push agenda in DC next year, Politico says
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12:31 EDTMGAMMultimedia Games shareholders approve merger with Global Cash Access
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09:55 EDTMGAMMultimedia Games to host special shareholder meeting
Special Shareholder Meeting to vote on the merger with Global Cash Access Holdings will be held in Austin, Texas on December 3 at 11 am.
09:05 EDTMGAMGlobal Cash Access added to Select List at Stifel
Stifel added Global Cash Access (GCA) to its Select List as the firm thinks the stock has overreacted to the Q3 miss of Multimedia Games (MGAM), which it had agreed to acquire. The firm says the deal is still highly accretive, and it keeps a Buy rating on Global Cash.
08:17 EDTCVXChevron management to meet with Deutsche Bank
Meeting to be held in Boston on December 3 hosted by Deutsche Bank.
07:20 EDTCVXThe Economist to hold a summit
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