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Stock Market & Financial Investment News

News Breaks
June 4, 2014
11:06 EDTVC, PIR, PWE, SPR, JBLU, OSIR, END, MFRM, DXCM, EWPHigh option volume stocks
High option volume stocks: SPR EWP END PWE DXCM OSIR PIR MFRM JBLU VC
News For SPR;EWP;END;PWE;DXCM;OSIR;PIR;MFRM;JBLU;VC From The Last 14 Days
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February 27, 2015
07:48 EDTVCVisteon price target raised to $123 from $113 at Susquehanna
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February 26, 2015
07:12 EDTVCVisteon sees FY15 Electronics and Other Product sales $3.2B-$3.4B
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07:11 EDTVCVisteon reports Q4 adjusted EPS $1.67, consensus $1.22
Reports Q4 revenue $2.04B, consensus $2.06B. Hyundai-Kia accounted for approximately 34% of Visteon's fourth-quarter sales, with Ford Motor Company representing 23%, and Renault-Nissan accounting for 6%. Reports Q4 Climate sales $1.28B; Reports Q4 Electronics sales $744M.
03:18 EDTVCPoint72 reports 5.1% passive stake in Visteon
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February 25, 2015
17:56 EDTVCPoint72 reports 5.1% passive stake in Visteon
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16:50 EDTDXCMDexCom says Q1 usually 20% of year's revenue
16:45 EDTDXCMDexCom says Q1 is usually a slow quarter
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16:43 EDTDXCMDexCom backs FY15 revenue view $340M-$360M, consensus $356.4M
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16:04 EDTDXCMDexCom reports Q4 EPS 2c, consensus (3c)
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February 24, 2015
15:54 EDTJBLUAmerican Express confirms end of partnership with JetBlue
American Express (AXP) confirmed in a regulatory filing that the company was unable to reach terms to renew its cobrand relationship with JetBlue (JBLU) recently. The Fly notes that Bloomberg first reported on February 13 that JetBlue was ending its agreement with American Express.
06:29 EDTJBLUCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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February 23, 2015
16:17 EDTJBLUBuckeye Partners reduces FY14 revenue by $40M due to settlement discussions
Buckeye Partners (BPL) announced revisions to its financial results for Q4 and FY14 due to a recent development. As has been previously disclosed, commencing in September 2012, Delta Air Lines (DAL), JetBlue (JBLU), United/Continental Air Lines (UAL), US Airways, and American Airlines (AAL) filed complaints with the Federal Energy Regulatory Commission challenging rates for transportation of jet fuel from New Jersey to three New York City area airports charged by Buckeye Pipe Line Company, an operating subsidiary of Buckeye. The Airlines are seeking payments for alleged past excessive charges and prospective tariff rate reductions. As the litigation has progressed, BPLC and the Airlines have continued to pursue settlement discussions. Due to positive developments in those settlement discussions subsequent to Buckeye's issuance of its 2014 earnings on Friday, February 6, Buckeye has recorded a reduction in revenue in the amount of $40M for the year ended December 31, 2014 in accordance with applicable accounting guidance regarding contingencies. This reduction in revenue is a one-time charge; therefore, Adjusted EBITDA and distributable cash flow for 2014 remain as reported on February 6th. The $40M is based upon a settlement offer made by BPLC to satisfy the claims for alleged past excessive charges through December 31, 2014, which offer has not been accepted by the Airlines. "While we continue to pursue settlement of this matter, we are not able to predict with certainty the final outcome of the proceeding, should it be carried through to its conclusion, or whether we can reach a satisfactory settlement and, if so, whether or not it will be on more or less favorable terms," the company said.
06:51 EDTSPRAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.
February 19, 2015
09:59 EDTJBLUOn The Fly: Analyst Initiation Summary
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February 18, 2015
17:28 EDTJBLUJetBlue initiated with a Buy at BofA/Merrill
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05:15 EDTJBLUJetBlue says Lufthansa incentive order will have no impact on share count
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February 17, 2015
12:49 EDTSPRSpirit AeroSystems likely to collect some funds from Gulfstream,says Wells Fargo
After Spirit AeroSystems (SPR) disclosed in a February 13 regulatory filing that it had settled its dispute with General Dynamics' (GD) Gulfstream unit with respect to amounts due on G650 deliveries from 2010 through Q3 2013, Wells Fargo expects Spirit to collect some of the $135M that it held n retainage in accounts receivable for Gulfstream underpayments as of the end of last year. The firm says it cannot estimate the amount that Spirit will collect. It keeps an Outperform rating on Spirit.

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