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Stock Market & Financial Investment News

News Breaks
February 14, 2014
16:39 EDTRPM, DGX, TLM, BG, IR, HES, ITW, TKR, ESL, HOLX, VSIRelational Investors gives quarterly update on stakes
NEW STAKES: Rpm International (RPM). INCREASED STAKES: Hologic (HOLX), Esterline (ESL) and Timken (TKR). DECREASED STAKES: Illinois Tool Works (ITW), Hess (HES), Ingersoll-Rand (IR) and Bunge (BG). LIQUIDATED STAKES: Talisman (TLM), Quest Diagnostics (DGX) and Vitamin Shoppe (VSI).
News For RPM;HOLX;ESL;TKR;ITW;HES;IR;BG;TLM;DGX;VSI From The Last 14 Days
Check below for free stories on RPM;HOLX;ESL;TKR;ITW;HES;IR;BG;TLM;DGX;VSI the last two weeks.
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August 26, 2014
11:44 EDTTLMOptions with increasing implied volatility
Options with increasing implied volatility: TLM CODE TRW GILD WTW PSEC
06:17 EDTTLMTalisman Energy volatility elevated
Talisman Energy September and October call option implied volatility is at 53, January is at 43; compared to its 26-week average of 35 according to Track Data, suggesting large price movement.
05:55 EDTTLMStocks with implied volatility movement; CODE TLM
Stocks with implied volatility movement; Talisman Energy (CODE) 56, Talisman Energy (TLM) 55 according to iVolatility.
August 25, 2014
06:24 EDTTLMTalisman continues with Kurdistan sale amid oil discovery, Reuters says
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06:05 EDTTLMStocks with implied volatility movement; GMCR TLM
Stocks with implied volatility movement; Keurig Green Mountain (GMCR) 34, Talisman Energy (TLM) 47 according to iVolatility.
August 24, 2014
18:54 EDTBGBunge could rise 15%, Barron's says
Bunge shares could climb 15% higher if the company continues to have steady gains in earnings, Barron's contends in a feature article. Reference Link
August 20, 2014
06:22 EDTBGBunge unit aims to construct east Australia port, Reuters says
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August 19, 2014
10:13 EDTIROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CNOOC (CEO) downgraded to Hold from Buy at Jefferies... Guess (GES) downgraded to Neutral from Overweight at Piper Jaffray... Ingersoll-Rand (IR) downgraded at RW Baird... Lehigh Gas (LGP) downgraded to Neutral from Buy at Ladenburg... Lexicon (LXRX) downgraded to Hold from Buy at Gabelli... Monster Beverage (MNST) downgraded to Neutral from Buy at SunTrust... Nobel Biocare (NBHGY) downgraded to Hold from Buy at Berenberg... Saint Joe Co. (JOE) downgraded to Market Perform from Outperform at Raymond James... SolarCity (SCTY) downgraded at RW Baird.
07:52 EDTIRIngersoll-Rand downgraded at RW Baird
As reported previously, Baird downgraded Ingersoll Rand to Neutral from Outperform. The firm downgraded shares to reflect increased earnings risk as the company shifts towards M&A and away from buybacks and sees tougher comps and slow Institutional end markets in 2015. Price target lowered to $65 from $68.
07:36 EDTIRIngersoll-Rand downgraded to Neutral from Outperform at RW Baird
August 18, 2014
12:19 EDTIRIngersoll-Rand rises after agreeing to buy Cameron unit for $850M
Shares of Ingersoll-Rand (IR), which makes heating and air conditioning systems, are up after it announced an agreement to acquire the assets of Cameron International Corporation's (CAM) Centrifugal Compression division for $850M. WHAT'S NEW: Ingersoll-Rand this morning entered into an agreement to acquire Cameron's Centrifugal Compression division for $850M. The acquisition is expected to close before the end of the year, subject to regulatory approval. The Cameron unit generated sales of approximately $400M in 2013, has approximately 850 employees and operates from 12 global locations. The results of operations of the Centrifugal Compression business will be reported as discontinued operations for Cameron beginning in the third quarter. Ingersoll Rand plans to fund the acquisition through a combination of cash on hand and debt. WHAT'S NOTABLE: Ingersoll-Rand said it expects the acquisition to be accretive to EBITDA margins, EPS, and ROIC in 2015 and beyond. The company expects the acquisition to add 8c-10c per share to its earnings in 2015. The company anticipates moderate incremental debt, supported by additional earnings from Cameron and core earnings growth. Ingersoll adds that it foresees refinancing of $500M of 2015 debt, and continues to expect a 2014 share repurchase of $1.38B. Cameron said it is selling the unit to focus on its core markets. The company expects after-tax proceeds of about $600M from the sale, part of which it planned to use to support share buybacks. ANALYST REACTION: Following the announcement, Wells Fargo analysts estimated that the acquisition will be approximately 10c-15c accretive excluding impact from synergies and approximately 20c-25c with anticipated synergies. PRICE ACTION: Ingersoll-Rand jumped $1.49, or 2.46%, to $62.03 in intra-day trading, while Cameron is trading down 0.6% to $72.21.
06:33 EDTIRIngersoll-Rand to host conference call
Conference call to discuss agreement to acquire Cameron International Corporationís centrifugal compression division will be held on August 18 at 9:30 am. Webcast Link
06:32 EDTIRCameron sells Centrifugal Compression business to Ingersoll-Rand for $850M
Cameron (CAM) has announced that it has entered into a definitive agreement to sell its Centrifugal Compression business to Ingersoll Rand (IR) for cash consideration of approximately $850M, subject to closing adjustments. The decision to divest the Centrifugal Compression division was made after a careful review of Cameron's long-term business strategy to increase its focus on its core markets. The company's goal has been to identify a buyer that is more closely aligned with Centrifugal Compression's broad and global markets. Cameron expects to complete the sale of its Centrifugal Compression business prior to year end, subject to regulatory approval. The company estimates after tax proceeds from the sale to be approximately $600 million, and expects the net proceeds to support stock repurchases. In 2013, the Centrifugal Compression division had revenues of $396M. The results of operations of the Centrifugal Compression business will be reported as discontinued operations beginning in Q3.
06:31 EDTIRCameron sells Centrifugal Compression business to Ingersoll-Rand for $850M
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06:27 EDTIRIngersoll Rand to acquire Cameron's centrifugal compressional division for $850M
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August 14, 2014
17:46 EDTESL, HOLX, BGRelational Investors gives quarterly update on stakes
NEW STAKES: Whole Foods Market (WFM). INCREASED STAKES: Clean Harbors (CLH), Magnum Hunter Resources (MHR), Manitowoc (MTW), Esterline Technologies (ESL), and Yum! Brands (YUM). DECREASED STAKES: Bunge (BG), and Hologic (HOLX). LIQUIDATED STAKES: W.R. Grace & Co (GRA), and First American Financial (FAF).
17:41 EDTHESPoint72 Asset Management gives quarterly update on stakes
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17:20 EDTIRTrian Fund gives quarterly update on stakes
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17:16 EDTHESPaulson & Co gives quarterly update on stakes
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06:24 EDTHESLibya to restart exports from Es Sider oil port, WSJ reports
Libya will resume exports from Es Sider, its largest oil port, next week following a one-year disruption, sources tell the Wall Street Journal. Es Sider's preliminary loading plans involve six 60,000 barrel tankers drawing on oil stored at the terminal, split between state-owned National Oil Co, Hess (HES), ConocoPhillips (COP) and Marathon Oil (MRO). Reference Link
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