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Stock Market & Financial Investment News

News Breaks
May 7, 2013
07:28 EDTHSII, S, CTRX, KFY, MARHMG Strategy to host a summit
2013 Washington, D.C. CIO Executive Leadership Summit is being held in Washington, D.C. on May 7.
News For S;MAR;CTRX;HSII;KFY From The Last 14 Days
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March 1, 2015
17:44 EDTSSprint, Best Buy announce 'Best Buy One Plan'
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February 27, 2015
14:03 EDTSSprint CEO share purchase shows high commitment, says Wells Fargo
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13:08 EDTSSprint CEO discloses 5.08M share purchase
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February 26, 2015
08:20 EDTMARAshford Hospitality completes acquisition of Marriott Memphis East for $43.5M
Ashford Hospitality (AHT) has completed the previously-announced acquisition of the 232-room Marriott (MAR) Memphis East hotel for total consideration of $43.5M in cash, or $187,500 per key. The company intends to finance the property with approximately $33.3M of non-recourse mortgage debt. On a forward 12-month basis, the purchase price represents an estimated cap rate of 8.6% on net operating income and an estimated 10.3x forward EBITDA multiple. The Marriott Memphis East is in excellent physical condition with virtually no capex needs as the hotel recently completed an extensive renovation.
06:25 EDTCTRXCatamaran to acquire Healthcare Solutions for $405M
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06:05 EDTCTRXCatamaran sees FY15 adjusted EPS $2.45-$2.60, consensus $2.59
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06:04 EDTCTRXCatamaran reports Q4 adjusted EPS 67c, consensus 61c
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February 25, 2015
15:05 EDTCTRXNotable companies reporting before tomorrow's open
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13:42 EDTMARMarriott price target raised to $96 from $86 at Argus
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February 24, 2015
13:23 EDTCTRXLeerink healthcare technology analyst holds analyst/industry conference call
Healthcare Tech & Distribution Analyst Larsen discusses th 2016 Pharmacy Benefits Management (PBM) selling season, the impact of the Hep C PBM formulary negotiations on the selling season and specialty drug trend and areas of opportunity for PBMs on an Analyst/Industry conference call to be held on March 5 at 2 pm.
08:05 EDTCTRXCatamaran price target raised to $61, risk/reward attractive, says Credit Suisse
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07:10 EDTHSIIHeidrick & Struggles sees Q1 revenue $108M-$118M, consensus $120.4M
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07:10 EDTHSIIHeidrick & Struggles reports Q4 EPS 4c, consensus 11c
Reports Q4 revenue $121.3M, consensus $117.12M. Reports Q4 Executive Search and Leadership Consulting revenue $112.7M.
06:35 EDTSSprint downgraded to Sell from Neutral at BTIG
February 19, 2015
13:02 EDTMARMarriott files automatic mixed securities shelf
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10:57 EDTSSprint commences $1B senior notes offering
Sprint announced that it has commenced an underwritten public offering of $1B aggregate principal amount of notes. Sprint intends to use the net proceeds for "general corporate purposes, which may include, among other things, working capital requirements, retirement or service requirements of outstanding debt and network expansion and modernization." The joint book-running managers for the offering are Citigroup, Goldman Sachs, .J.P. Morgan Securities, Merrill Lynch, Barclays, Credit Agricole, Credit Suisse, Deutsche Bank, Mitsubishi UFJ, Mizuho, RBC Capital, Scotia Capital and SMBC Nikko Securities.
10:52 EDTSSprint files automatic mixed securities shelf
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10:31 EDTMARMarriott sells Miami Beach EDITION for $230M in cash proceeds
Marriott announced it has sold The Miami Beach EDITION hotel for cash proceeds of $230M. The sale is the second in a series of three anticipated sales of Marriott-owned EDITION hotels to companies ultimately owned by the Abu Dhabi Investment Authority. The agreement with ADIA for the sale of these three EDITION hotels was announced when the first, The London EDITION, was sold to ADIA in January 2014. Marriott expects to sell the third, The New York EDITION to ADIA in the first quarter of 2015. Marriott noted that it retains the long-term management agreement for the hotel.
10:27 EDTMARMarriott says 'bullish' about demand trends in North America
Says "very optimistic" about long-term. Sees Q1 group revenue pace for company operated full service hotels up 6%, FY group pace up 5%. Sees special corporate room rates from continuing accounts up 5%-6% in 2015. Says "bullish" about demand trends in North America. Says strong dollar may discourage international travel, but doesn't see this as significant headwind to North America operations. Says Brazil trends likely to remain weak, but "bullish" about long-term growth potential. Sees FY15 fee revenue up 9%-11%, incentive fees up in a low double digit rate. Expects fee revenue to be constrained by unfavorable forex. Sees total fee revenue reduced by forex by $15M-$20M in FY15. Sees cash returned to shareholders in 2015 at least as much as 2014. Sees Q1 fee revenue up at mid teens rate. Comments made on the Q4 earnings conference call.
09:12 EDTMAROn The Fly: Pre-market Movers
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