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Stock Market & Financial Investment News

News Breaks
November 5, 2012
09:48 EDTSYYSysco says returning value to shareholders remains a priority
Says SBS 'functioning well'. Says making progress initiatives to reduce cost structure and lower product costs. Comments from slides that will be presented on the Q1 earnings conference call.
News For SYY From The Last 14 Days
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August 25, 2015
17:05 EDTSYYSysco files automatic mixed securities shelf
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August 20, 2015
16:33 EDTSYYSysco elects Nelson Peltz, Josh Frank of Trian Partners to board
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16:31 EDTSYYSysco elects Nelson Peltz, Josh Frank of Trian Partners to board
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August 17, 2015
08:03 EDTSYYSysco price target raised to $45 from $39 at Jefferies
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August 14, 2015
17:21 EDTSYYTrian Fund gives quarterly update on stakes
NEW STAKES: Pentair (PNR), and Sysco (SYY). INCREASED STAKES: Mondelez (MDLZ), and Tiffany & Co (TIF). DECREASED STAKES: Legg Mason (LM), Wendy's (WEN), and Ingersoll-Rang (IR). LIQUIDATED STAKES: Allegion (ALLE).
16:16 EDTSYYStocks end week higher after China rattles market with currency moves
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16:13 EDTSYYOn The Fly: Top stock stories for Friday
Stocks began the session with modest losses despite a calm overnight trading session for the Chinese yuan. The U.S. economic data that was released prior to the open were generally in-line with expectations leaving little for investors to key in on during the market hours. As a result, the averages drifted several times across the flat line until finally moving higher in the afternoon. Even the price of crude was fairly stale throughout the session, but it still closed toward its low of the day. The market received a slight boost toward the end of the session when headlines out of Europe said the area's finance ministers agreed to implement the Greek bailout with a couple of additional measures. ECONOMIC EVENTS: In the U.S., both industrial production and PPI beat estimates, with industrial production increasing 0.6% and PPI increasing 0.2%. Consumer sentiment for August fell to 92.9 in the preliminary report from the University of Michigan survey, after slipping to 93.1 in July from 96.1 in June. Meanwhile, Euro-area GDP rose 0.3% last quarter. Germany's economy grew 0.4%, Italy's 0.2%, while France stagnated. The Baker Hughes North American rig count report was unchanged from last week at 884 rigs. COMPANY NEWS: Nelson Peltz's Trian Fund Management disclosed a new 7.08% stake in food distributor Sysco Corporation (SYY), and is engaged in discussions with the company including board representation for Trian. Sysco rose 7.4% to $41.38 after the disclosure of the Trian stake... General Electric (GE) announced an agreement to sell GE Capital Bank's U.S. online deposit platform along with all deposits of GE Capital Bank, including online savings accounts, online CDs and brokered CDs, to Goldman Sachs Bank USA (GS). Under this agreement approximately $16B of deposits will be transferred to GS Bank. Additionally, Reuters reported that General Electric was expected to win EU antitrust approval for its proposed EUR12.4B acquisition of Alstom's (ALSMY) power unit, according to two people familiar with the matter. GE rose 1.1% to $26.08 on the day. MAJOR MOVERS: Among the notable gainers following their earnings reports were department store retailers Nordstrom (JWN) and J.C. Penney (JCP), which gained 4.3% and 5.6%, respectively. Also higher was WuXi PharmaTech (WX), up 6.15%, which reported earnings and entered into an agreement to be acquired by a management buyout group for around $3.3B. Among the noteworthy losers was El Pollo Loco (LOCO), which dropped 20.7% after its Q2 revenue fell short of analysts' estimates. Also lower were shares of King Digital (KING), which declined nearly 20.7% after reporting quarterly earnings and forecasting gross bookings for the third quarter $460M-$485M, citing "recent trends." INDEXES: The Dow rose 69.15, or 0.4%, to 17,477.40, the Nasdaq gained 14.68, or 0.29%, to 5,048.23, and the S&P 500 advanced 8.15, or 0.39%, to 2,091.54.
13:39 EDTSYYSysco expects to continue 'constructive dialogue' with Trian
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12:49 EDTSYYPeltz's Trian takes 7% activist stake in Sysco
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12:41 EDTSYYTrian Fund confirms 7.08% activist stake in Sysco
12:39 EDTSYYSysco calls active on Nelson Peltz's Trian stake, seeks board seats report
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12:37 EDTSYYPeltz's Trian takes $1.6B activist stake in Sysco, CNBC reports
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12:31 EDTSYYNelson Peltz's Trian built Sysco stake, seeks board seats, CNBC reports
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05:47 EDTSYYStocks with implied volatility movement; HIG SYY
Stocks with implied volatility movement; Hartford Financial (HIG) 38, Sysco (SYY) 28 according to iVolatility.

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