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Stock Market & Financial Investment News

News Breaks
July 17, 2014
11:23 EDTTWX, RVBD, KORS, BG, COVOptions with increasing implied volatility
Options with increasing implied volatility: KORS TWX RVBD KORS BG COV
News For TWX;RVBD;KORS;BG;COV From The Last 14 Days
Check below for free stories on TWX;RVBD;KORS;BG;COV the last two weeks.
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August 29, 2014
15:46 EDTTWXDisney jv A&E in talks for Vice Media stake after Time Warner backs out, FT says
A&E Networks, a joint venture owned by Disney (DIS) and Hearst Corporation, is nearing a deal to pay $250M for 10% stake in Vice Media after the digital media company and Time Warner (TWX) failed to come to terms on a deal, said Financial Times. 21st Century Fox (FOXA) already owns a 5% stake in Vice. Reference Link
13:15 EDTTWXTime Warner ends talks to buy Vice Media stake, NYT says
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August 28, 2014
07:05 EDTCOVCovidien acquires Sapheon, terms not disclosed
Covidien announced that it has acquired Sapheon, Inc., a privately-held developer of venous disease treatments. Financial terms of the transaction were not disclosed.
August 27, 2014
11:32 EDTKORSTiffany shines brighter as results beat expectations, company raises outlook
Shares of luxury retailer Tiffany (TIF) are moving higher after the company reported significantly stronger than expected second quarter results and raised its fiscal year 2015 earnings per share view. WHAT'S NEW: Tiffany's reported Q2 EPS of 96c on revenue of $993M, beating analysts' consensus estimates of 85c and $987.88M, respectively. Worldwide net sales increased 7% in Q2 and comparable store sales increased 3% in Q2 mainly due to growth in the Americas and Asia-Pacific regions. Looking ahead, the retailer increased its FY15 EPS view to $4.20-$4.30 from its previous view of $4.15-$4.25, which is in-line with analysts' $4.29 consensus. Tiffany anticipates worldwide net sales increasing by a high-single digit range and sees worldwide net sales increasing by a high-single-digit percentage for the year. The company also sees FY free cahs flow of at least $400M as well as capital expenditures of $270M. WHAT'S NOTABLE: During its conference call discussing the quarter, Tiffany said that it sees a "healthy" increase in its full-year operating margin. The luxury company noted that it experienced continued softness in its U.S. silver sales during Q2 as well as softness in U.S. entry-level sales under $500. In its Japan division, the retailer foresees returning to single-digit sales growth, but noted that the unit has not experienced that so far in the first few weeks of this month. In Europe, the retailer said it is "still feeling" the effect of economic and currency related obstacles. Tiffany sees opening 10 stores throughout the rest of the year, which is lower than its original plan of opening 13, and plans to close three stores this year compared to its original target of closing four. Tiffany also sees a double-digit percentage marketing spend increase in the second-half of this year. ANALYST REACTION: Sterne Agee analyst Ike Boruchow said that as Tiffany continues to surpass expectations in its earnings reports, fashion jewelry in general is growing again and the company's latest "T" collection should quicken that category further. He feels that regardless of the few headwinds in Japan and Europe, the luxury company is still one of the most stable retail firms. Boruchow believes that the CEO transition from Michael Kowalski to Frederic Cumenal is likely to be a "smooth" one in March. The analyst keeps the stock at a Buy rating with a $100.77 price target. OTHERS TO WATCH: Other high end retailers include Signet Jewelers (SIG), Blue Nile (NILE), Nordstrom (JWN), Michael Kors (KORS), and Coach (COH). PRICE ACTION: During late-morning trading, Tiffany rose $1.32 or 1.31%, to $102.09.
August 26, 2014
19:33 EDTCOVCovidien shareholder sues to block sale to Medtronic, Bloomberg reports
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August 25, 2014
17:04 EDTTWXTime Warner to offer buyouts to 4% of cable unit's staff, Reuters says
Time Warner's Turner cable division is set to offer buyouts to from 500 to 600 employees or approximately 4% of its staff, says Reuters. Turner is home to cable networks such as CNN, TNT and the Cartoon Network, added Reuters. Reference Link
August 24, 2014
18:54 EDTBGBunge could rise 15%, Barron's says
Bunge shares could climb 15% higher if the company continues to have steady gains in earnings, Barron's contends in a feature article. Reference Link
August 22, 2014
07:01 EDTCOVCovidien acquires Reverse Medical, terms not disclosed
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August 21, 2014
06:00 EDTTWXStocks with implied volatility below IV index mean; TWX WAG
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August 20, 2014
07:18 EDTCOVMedtronic shares have upside with or without deal, says Deutsche Bank
Deutsche Bank sees limited downside risk and significant upside potential for shares of Medtronic (MDT), with or without the pending Covidien (COV) acquisition. Deutsche says the Q1 results show improving trends and it keeps a Buy rating on Medtronic with an $85 price target.
06:22 EDTBGBunge unit aims to construct east Australia port, Reuters says
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August 19, 2014
08:22 EDTCOVMedtronic: We will continue to pay significant US taxes following Covidien deal
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August 18, 2014
16:10 EDTCOVCovidien says study shows directional atherectomy safe, effective
Covidien announced that directional atherectomy is "safe and effective as a frontline therapy for the treatment of peripheral arterial disease," according to a Covidien study published online today in the Journal of American College of Cardiology, Cardiovascular Interventions. Results from the DEFINITIVE LE study using Covidienís TurboHawk and/or SilverHawk directional atherectomy systems demonstrated 95% limb salvage in patients with critical limb ischemia and 78% overall patency in claudicant patients at 12 months.
16:02 EDTRVBDRiverbed names Paul Mountford as Chief Sales Officer
Riverbed Technology announced that Paul Mountford has joined the company as senior vice president and Chief Sales Officer. He was most recently CEO of Sentillian, a New York-based web intelligence startup.

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