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Stock Market & Financial Investment News

News Breaks
February 20, 2013
04:55 EDTSBUX, SBUX, INTC, INTC, NKE, NKE, PEP, PEP, MSFT, MSFT, PG, PG, NWL, NWL, UL, UL, TAP, TAPInnovation Enterprise to host a summit
Financial Forecasting & Planning Innovation Summit is being held in San Diego, California on February 20-21.
News For SBUX;INTC;NKE;PEP;MSFT;PG;NWL;UL;TAP From The Last 14 Days
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November 13, 2014
07:40 EDTPGProcter & Gamble sees clsoing Duracell transaction in 2H15
Following its prior announcement of plans to exit the Duracell business, P&G (PG) said it now plans to execute a split transaction, in which it will exchange a recapitalized Duracell Company for Berkshire Hathaway’s (BRK.A) shares of P&G stock. Berkshire’s stock ownership is currently valued at approximately $4.7 billion. P&G said it expects to contribute approximately $1.8 billion in cash to the Duracell Company in the pre-transaction recapitalization. P&G said the transaction maximizes the after-tax value of the Duracell business and is tax efficient for P&G. The value received for Duracell in the exchange is approximately 7-times fiscal year 2014 adjusted EBITDA. This equates to a cash sale valued at approximately 9-times adjusted EBITDA. As part of the exit of the battery business, P&G announced that it closed the sale of its interest in a China-based battery joint venture earlier in the week. Based on the signing of the contract to exit the Duracell business, P&G will restate Batteries results to discontinued operations effective with the reporting of October-December 2014 quarterly results. The Company expects to restate earnings per share of approximately 12c-14c to discontinued operations for fiscal year 2014. All-in GAAP earnings per share are not affected by the restatements. P&G said it will incur a non-core, non-cash charge of approximately 28c per share in current quarter results to adjust Duracell goodwill and intangible assets to the expected after-tax transaction value. P&G expects to finalize the restatement and one-time charge amounts in the next few weeks, and will update shareholders when final amounts are available. P&G said it expects to close the Duracell transaction in the second half of calendar year 2015 pending necessary regulatory approvals.
07:31 EDTPGBerkshire Hathaway to acquire Procter & Gamble's Duracell battery business
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07:30 EDTPGBerkshire Hathaway to acquire Procter & Gamble's Duracell battery business
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07:29 EDTMSFTMicrosoft to buy Aorato for about $200M, sources say, WSJ reports
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06:45 EDTMSFTMicrosoft Xbox sales tripled since price cut, CNet reports
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06:20 EDTMSFTAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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November 12, 2014
17:22 EDTMSFTMicrosoft says will have sold 10M Xbox One consoles 'shortly'
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17:07 EDTNWLNewell Rubbermaid expands and extends stock repurchase program
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15:08 EDTINTCEarnings Preview: Cisco reports amid analyst debate on break-up potential
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14:08 EDTINTCIntel reports 427.7K share position in Rocket Fuel
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07:58 EDTMSFTMicrosoft to hold a conference
Developer Conference is being held in New York on November 12-13 with webcasted discussions will begin on November 12 at 10 am. Reference Link
07:48 EDTMSFTWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
November 11, 2014
12:09 EDTMSFTRackspace soars after Q3 results top estimates, $500M share buyback plan
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06:04 EDTULUnilever files lawsuit against Hampton Creek, LA Times reports
Unilever has filed a lawsuit against Hampton Creek, alleging the vegan start-up is engaging in false advertising by calling its Just Mayo spread mayonnaise, the LA Times reports. Hampton Creek is planning to file a countersuit that is likely to focus on Unilever's sustainability practices. Unilever is seeking damages and compensation for lost profits. Reference Link
05:59 EDTMSFTMicrosoft unveils first Lumia smartphone without Nokia name
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November 10, 2014
16:40 EDTMSFTRackspace says joined Microsoft Cloud OS Network
Rackspace (RAX) said it expanded its Managed Private Cloud product portfolio and joined the Microsoft (MSFT) Cloud OS Network, adding Fanatical Support for the Microsoft Cloud Platform. It stated, "This includes expertise and support for Windows Server with Hyper-V, System Center and Azure Pack. The offering is now in general availability in all U.S. data centers providing customers with SLA-backed management across the underlying infrastructure, guest operating systems, and select applications including Microsoft Exchange, SharePoint and Lync."
15:57 EDTMSFTWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
13:56 EDTPGProcter & Gamble to host analyst meeting
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07:23 EDTMSFTRBC Capital to hold a conference
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06:17 EDTNKENike price target raised to $107 from $93 at Citigroup
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