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Stock Market & Financial Investment News

News Breaks
March 6, 2013
11:36 EDTD, AVB, SPLS, ITB, SYKHigh option volume stocks: SYK SPLS D ITB AVB
News For SYK;SPLS;D;ITB;AVB From The Last 14 Days
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January 28, 2015
16:25 EDTAVBAvalonBay sees FY15 core FFO $7.20-$7.50, consensus $7.42
16:24 EDTAVBAvalonBay raises quarterly dividend 7.8% to $1.25 per share
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16:23 EDTAVBAvalonBay reports Q4 FFO $1.76, consensus $1.77
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15:37 EDTAVBNotable companies reporting after market close
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06:43 EDTSYKStryker still looking to make acquisitions, Reuters reports
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January 27, 2015
16:19 EDTSYKStryker sees Q1 adjusted EPS $1.05-$1.10, consensus $1.17
Styrker said, if foreign currency exchange rates hold near current levels, the company expects sales in the first quarter and full year of 2015 to be negatively impacted by approximately 3% to 4% and adjusted diluted net earnings per share to be negatively impacted by approximately 8c and 30c in the first quarter and the full year, respectively.
16:18 EDTSYKStryker sees FY15 adjusted EPS $4.90-$5.10, consensus $5.14
Sees FY15 constant currency sales growth in the range of 5.5%-7.0%, including organic sales growth in the range of 4.5%-6.0%. Consensus $10.11B.
16:06 EDTSYKStryker reports Q4 adjusted EPS $1.44, consensus $1.45
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15:35 EDTSYKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $2.60; AT&T (T), consensus 55c; Amgen (AMGN), consensus $2.05; Yahoo (YHOO), consensus 29c; ACE (ACE), consensus $2.29; Stryker (SYK), consensus $1.45; Western Digital (WDC), consensus $2.10; Electronic Arts (EA), consensus 92c; Juniper (JNPR), consensus 31c; Total System Services (TSS), consensus 53c; Freescale Semiconductor (FSL), consensus 33c; Amdocs (DOX), consensus 81c; VMware (VMW), consensus $1.07; International Game Technology (IGT), consensus 25c; United States Steel (X), consensus 87c; Cytec (CYT), consensus 61c.
January 22, 2015
14:26 EDTAVBAvalonBay reports fire at Avalon at Edgewater apartment community
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January 20, 2015
13:09 EDTSPLSSources: Staples to spurn Starboard's call to merge with Office Depot, FT says
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10:47 EDTSPLSStaples says will consider 'all actions' that would create shareholder value
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10:23 EDTSPLSStarboard says Staples should explore merger with Office Depot
Starboard Value, one of the largest shareholders of Staples (SPLS), confirmed, as previously reported, that it has delivered a letter to Ronald Sargent, Chairman and CEO of Staples, and the board of directors of Staples. In the letter, Starboard states in part: "As we discussed in our recent meeting, we believe that the best way to maximize value for Staples' shareholders is through exploring and completing a business combination with Office Depot (ODP). For a variety of reasons, we believe that now is the right time to pursue such a transaction, and we urge you to immediately retain a reputable investment bank and legal advisors to assist the Board in evaluating, structuring and executing a transaction with Office Depot. We believe that a strategic combination of Staples and Office Depot would result in synergies that would more than double the operating profits of the combined company and would create an industry-leading office supply retailer that could more effectively compete against larger retailers and online competitors. The magnitude of value creation from such a business combination far exceeds anything that either company could achieve on a standalone basis. We believe that the evidence is clear that shareholders are broadly supportive of a transaction between Staples and Office Depot. As shown in the chart below, since the merger speculation began last September, Staples' share price has risen over 50%, strongly outperforming the S&P 500...After the recent increase in Staples' share price, we believe the stock now trades at a substantial premium to the intrinsic value of the standalone company. This results in a lower cost of capital for Staples and a stronger currency which could be used to acquire Office Depot. If Staples fails to fully explore and consummate a transaction with Office Depot, shareholders will undoubtedly be extremely disappointed...We understand that this will require cooperation from Office Depot, and we have already expressed to them our strong support for a transaction...Our sincere hope is that we can continue to have a constructive dialogue. However, if it becomes clear to us that you have no intention of seriously pursuing this unique and highly attractive opportunity, it would be a clear sign that significant leadership change is needed at Staples."
09:31 EDTSPLSActivist Starboard urging Staples, Office Depot to merge, WSJ reports
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08:59 EDTSPLSStarboard urged Staples to explore Office Depot merger, Bloomberg says
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