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August 1, 2014
16:24 EDTWWWW, MGAM, PG, VCRA, BYI, SGMS, CVXOn 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 (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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October 8, 2015
08:46 EDTCVXExxon Mobil favored defensive position in integrated oil space, says Cowen
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October 6, 2015
16:01 EDTCVXOptions Update; October 6, 2015
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08:02 EDTCVXVisa, Chevron announce mobile payment partnership
Visa (V) and Chevron (CVX) U.S.A. announced they will launch a mobile payments program at more than 20 Chevron-branded stations, accepting any NFC payment service. The program, launching later this fall at select Chevron stations in San Francisco and Silicon Valley, will offer consumers a simple and more secure way to pay at the pump with a range of mobile payment services. Already, an estimated 80% of Chevron customers in the U.S. pay for gas at the pump using a credit or debit card.
October 5, 2015
07:03 EDTSGMSScientific Games awarded eight-year lottery retail tech contract in Germany
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October 2, 2015
09:18 EDTPGFutureFuel upgraded to Buy on raised 2016 visibility at Roth Capital
Roth Capital analyst Craig Irwin upgraded FutureFuel (FF) to Buy saying the renewal of a bleach activator supply agreement with Procter & Gamble (PG) raises visibility for 2016. He raised his price target for shares to $13 from $12.
October 1, 2015
16:05 EDTPGFutureFuel extends supply agreement with Procter & Gamble
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08:08 EDTCVXKosmos Energy says ended Q3 with roughly $1.9B of liquidity
Kosmos Energy (KOS) announced two developments that together strengthen the company's liquidity and better position Kosmos for continued success in a lower commodity price environment. In addition, the company provided an update on its exploration drilling program. Kosmos announced that the borrowing base under its reserves-based lending facility remains unchanged at $1.5B following its lenders' semi-annual redetermination process which concluded on September 30, 2015. Kosmos ended the third quarter with approximately $1.9B of liquidity and net debt of $500M as of September 30, 2015, which is flat with the second quarter of 2015. Kosmos' second exploration well offshore Mauritania, Marsouin-1, was spud on August 28, 2015, with results anticipated in the middle of the fourth quarter. Marsouin-1 is located in Block C8 approximately 60 kilometers north of the basin-opening Tortue-1 well in a water depth of approximately 2,400 meters. The well is designed to test a four-way trap with multiple stacked targets, including Lower Cenomanian, Albian, and Aptian formations. As operator of the well, Kosmos currently holds a 60% working interest with its partners Chevron Mauritania Exploration Limited, a wholly owned subsidiary of Chevron Corporation (CVX), and Societe Mauritanienne Des Hydrocarbures et de Patrimoine Minier holding 30% and 10%, respectively.
September 30, 2015
14:10 EDTCVXChevron amends bylaws to implement proxy access
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September 29, 2015
12:35 EDTPGPerrigo shareholders pressure company to explore sale, Reuters says
Certain Perrigo (PRGO) shareholders have requested that company explore a sale, hoping for an alternative to Mylan's (MYL) approximately $25B hostile bid, Reuters reports, citing people familiar with the matter. The pressure represents a challenge to Perrigo's defense strategy, the report says. Some of the company's shareholders view Novartis (NVS), Sanofi (SNY), Procter & Gamble (PG), and Colgate-Palmolive (CL) as potential suitors, the report says. Reference Link
07:02 EDTSGMSScientific Games and 21st Century Fox to launch Simpsons slot machine
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06:21 quarter should move shares higher, says Piper Jaffray
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September 28, 2015
07:50 EDTSGMSUBS and Deutsche Bank to co-host a forum
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07:04 EDTSGMSScientific Games announces Cirque du Soleil partnersihp at Global Gaming Expo
Scientific Games announced a new partnership with Cirque du Soleil at the Global Gaming Expo in booth #1126, September 29 to October 1, with the first featured production: KOOZA. The experience is an eye-catching, bonus-rich slot game that combines Scientific Games' Pro Wave 360O slot configuration with the acrobatic adrenaline rush of KOOZA.
06:42 EDTPGPerfume makers look to Wal-Mart, Target, WSJ reports
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September 25, 2015
09:10 EDTCVXChevron upgraded to Peer Perform from Underperform at Wolfe Research
September 24, 2015
17:02 EDTSGMSScientific Games wins Ohio Lottery instant game contract
Scientific Games has signed a new two-year contract with four two-year extension options to provide instant games and related services to the Ohio Lottery. Ohioans purchased a record $1.5B in instant games in fiscal year 2015, an 8.8% increase over the prior year.

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