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Stock Market & Financial Investment News

News Breaks
January 7, 2013
18:47 EDTPLXS, AXAS, TISI, KND, CCJ, CLMT, YUM, URREOn The Fly: After Hours Movers
UP AFTER EARNINGS: Team (TISI), up 5%... ALSO HIGHER: Uranium Resources (URRE), up 13.9% after announcing an extension of a joint venture with Cameco (CCJ)... Wet Seal (WTSLA), up 3.7% after naming John Goodman CEO... Abraxas Petroleum (AXAS), up 3.2% after its CEO said the company expects a 2013 production boost from its Eagle Ford and Bakken sites... DOWN AFTER GUIDANCE: Yum! Brands (YUM), down 5.2% after lowering its China SSS guidance to down 6% from down 4%... Kindred Healthcare (KND), down 2.4% after lowering its FY13 EPS view... Plexus (PLXS), down 3.2% after cutting its Q1 EPS and revenue view... ALSO LOWER: Calumet Specialty Products (CLMT), down 4.5% after the company announced a 5M-unit public offering of common units.
News For TISI;URRE;CCJ;AXAS;YUM;KND;PLXS;CLMT From The Last 14 Days
Check below for free stories on TISI;URRE;CCJ;AXAS;YUM;KND;PLXS;CLMT the last two weeks.
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May 22, 2013
10:00 EDTKNDOn The Fly: Analyst Upgrade Summary
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07:37 EDTTISIStephens to host a field trip
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07:23 EDTKNDKindred Healthcare upgraded at Susquehanna
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07:09 EDTKNDKindred Healthcare upgraded to Positive from Neutral at Susquehanna
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May 20, 2013
17:32 EDTKNDKindred Healthcare appoints Cunanan as Chief People Officer
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15:51 EDTTISITeam sees FY14 EPS $2.00, consensus $2.24
Sees FY14 revenue $790M, consensus $789.17M. Team expects to issue its formal FY14 earnings guidance in early August coinciding with the release of FY13 results. Based on the company's initial review and planning, current expectations for FY14 remain consistent with past performance of: organic revenue growth of about 10% reflecting continuing significant business development opportunities in a number of areas; return to historical operating and utilization levels and operating profit margins above 9%. These expectations would be indicative of FY14 revenues of approximately $790M and earnings of about $2.00 per share.
15:49 EDTTISITeam cuts Q4 EPS view to 52c-60c, consensus 74c
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10:10 EDTTISITeam to host conference call
Conference call to discuss the decrease in 4Q13 earnings guidance will be held on May 20 at 11 am. Webcast Link
May 16, 2013
17:12 EDTCLMTCalumet Specialty Products files $300M mixed securities shelf
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17:10 EDTCLMTCalumet Specialty Products files automatic mixed securities shelf
16:48 EDTYUMYum! Brands Taco Bell CEO sees doubling revenue to $14B in 10 years
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13:20 EDTKNDKindred Healthcare to host investor meeting
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May 14, 2013
17:40 EDTKNDKindred Healthcare to create joint venture with Dignity Health
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May 13, 2013
10:12 EDTYUMYum! Brands falls after reporting 29% China sales decline
Shares of Yum! Brands (YUM) are retreating after the company disclosed that its same store sales had tumbled 29% in China last month, versus the same period in 2012. WHAT'S NEW: The 29% decline in Yum's same-store sales in China, which the company announced on Friday night in an SEC filing, was roughly in-line with the its previous guidance for a decline of about 30%. The outbreak of avian flu in China had a significant negative impact on sales of Yum's KFC restaurants in that country last month, Yum! stated. Historically, the impact of avian flu outbreaks on KFC sales has been "relatively short-lived," Yum! added. ANALYST REACTION: In a note earlier today to investors, Oppenheimer analyst Brian Bittner wrote that Yum's sales in China had probably bottomed last month, as he believes that the avian flu outbreak is unlikely to accelerate. Yum should meet analysts' 2013 consensus estimates, and the company is poised to rebound significantly next year, added the analyst. He kept an Outperform rating on the stock. TODAY'S PRICE ACTION: In early trading, Yum! fell $1.73, or 2.5%, to $68.60.
10:07 EDTYUMYum! Brands July and October volatility low
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08:13 EDTYUMYum! Brands China comps likely bottomed in Q1, says Oppenheimer
After Yum! Brands reported in-line April China comps of down 29%, Oppenheimer believes that the company's China comps likely bottomed in Q1 as the firm doesn't expect the avian flu outbreak in China to worsen. The firm expects Yum! to meet 2013 expectations, and it thinks the company could rebound significantly next year. The firm reiterates an Outperform rating on the stock.
May 10, 2013
16:32 EDTYUMYum! Brands April same-store sales for China division down 29%
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09:49 EDTYUMYum! Brands embarking on media campaign in China, Reuters reports
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07:35 EDTYUMYum! Brands cleared in China after meat safety concern, WSJ says
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06:01 EDTAXASAbraxas Petroleum reports Q1 production 379 MBoe
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