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Stock Market & Financial Investment News

News Breaks
August 8, 2014
09:52 EDTPHHPHH Corp. entereed into two separate accelerated share repurchase agreements
PHH Corporation entered into two separate accelerated share repurchase agreements to repurchase an aggregate of $200M of PHH’s common stock consisting of a collared accelerated share repurchase agreement with JPMorgan Chase Bank to repurchase $100M of the company’s common stock, and (an a uncollared accelerated share repurchase agreement with JPMorgan to repurchase $100M of PHH’s common stock. The ASR Agreements are part of PHH’s previously announced share repurchase programs. Under the terms of the ASR Agreements, PHH will make aggregate payments of $200M to JPMorgan on August 8 and on the initial share delivery date will receive from JP Morgan an initial delivery of approximately 80% of PHH’s common stock that is subject to the transaction based upon the stock price at the close of business on August 7, in respect of the Uncollared ASR Agreement and a minimum number of PHH’s common stock in respect of the Collared ASR Agreement.
News For PHH From The Last 14 Days
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October 8, 2014
10:00 EDTPHHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADTRAN (ADTN) upgraded to Buy from Neutral at Goldman... Applied Materials (AMAT) upgraded to Outperform from Underperform at CLSA... Bill Barrett (BBG) upgraded to Neutral from Underperform at Macquarie... CNOOC (CEO) upgraded to Buy from Hold at Jefferies... Calamos (CLMS) upgraded to Market Perform from Underperform at Keefe Bruyette... Calix (CALX) upgraded to Buy from Neutral at Goldman... Cimarex Energy (XEC) upgraded to Outperform from Neutral at Macquarie... Cogent (CCOI) upgraded to Outperform from Market Perform at Raymond James... Coty (COTY) upgraded to Neutral from Sell at B. Riley... Dassault Systemes (DASTY) upgraded to Equal Weight from Underweight at Barclays... EOG Resources (EOG) upgraded to Outperform from Neutral at Macquarie... Glu Mobile (GLUU) upgraded to Buy from Hold at Benchmark Co.... Goldcorp (GG) upgraded to Overweight from Neutral at HSBC... Goodrich Petroleum (GDP) upgraded to Neutral from Underperform at Macquarie... Greif (GEF) upgraded at Wells Fargo... PHH Corp. (PHH) upgraded to Outperform from Market Perform at Keefe Bruyette... Parsley Energy (PE) upgraded to Outperform from Neutral at Macquarie... Rent-A-Center (RCII) upgraded to Buy from Neutral at Northcoast... Royal Gold (RGLD) upgraded to Overweight from Underweight at HSBC... Rush Enterprises (RUSHA) upgraded to Strong Buy at Raymond James... Sanchez Energy (SN) upgraded to Outperform from Neutral at Macquarie... Springleaf (LEAF) upgraded to Outperform from Neutral at Macquarie... TC PipeLines (TCP) upgraded to Neutral from Underweight at JPMorgan... Tesco (TSCDY) upgraded to Neutral from Underweight at HSBC... Vocera (VCRA) upgraded to Outperform at FBR Capital.
06:50 EDTPHHPHH Corp. upgraded to Outperform from Market Perform at Keefe Bruyette
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