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Stock Market & Financial Investment News

News Breaks
July 10, 2014
09:15 EDTUAL, IGT, KOS, MEMP, DRWI, PBPB, TSCO, FDO, ZUMZ, TTS, LL, LQDTOn The Fly: Pre-market Movers
HIGHER: Zumiez (ZUMZ), up 5.7% after raising Q2 outlook... DragonWave (DRWI), up 5% after reporting better than expected Q1 results... International Game (IGT), up 3.6% after Italian press report says the company will soon get a $4B offer from GTECH... United Continental (UAL), up 2.9% after reporting June traffic. LOWER: Lumber Liquidators (LL), down 23% after downgraded at Jefferies and Credit Suisse following the company's reduced full-year outlook. Tile Shop (TTS), which also serves flooring customers, down 5.5% following Lumber Liqudators' profit warning... Family Dollar (FDO), down 1.9% after reporting Q3 earnings that missed expectations... Tractor Supply (TSCO), down 5.9% after reporting Q2 preliminary results, saying it now sees FY14 results at low end of guidance range... Liquidity Services (LQDT), down 8% after revising Q3 guidance after its sales of selected rolling stock and other assets under its Surplus Contract with the U.S. Defense Logistics Agency have ceased at the request of DLA... Potbelly (PBPB), down 18% after lowering its Q2 and FY14 outlook... Memorial Production Partners (MEMP), down 7.4% after filing to sell 8.6M shares of common units for partners... Kosmos (KOS), down 3.3% after filing to sell 17M shares of common stock.
News For UAL;LL;TTS;ZUMZ;FDO;TSCO;PBPB;DRWI;MEMP;KOS;IGT;LQDT From The Last 14 Days
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October 2, 2014
06:51 EDTUALU.S. does not intend to use travel restrictions to combat Ebola, The Hill says
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05:07 EDTFDODollar General extends tender offer to acquire Family Dollar to Oct. 31
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October 1, 2014
17:03 EDTKOSKosmos estimates Q3 oil revenues $130M-$140M
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16:34 EDTLQDTLiquidity Services announces business realignment, new senior leadership
Liquidity announced it has realigned its workforce in response to the new terms and scope of its DoD Surplus Contract, competitively bid in April, and to adjust for the efficiencies realized in its commercial business through ongoing integration efforts to support the future vision and growth of the company. The realignment includes the reduction of approximately 130 full-time and temporary employees across the organization over the course of FY15. Employee reductions span the organization and include positions related to the support of the DoD surplus business, capital asset and retail supply chain operations, and corporate functions and will result in one-time severance related expenses of approximately $1.2M which will be a further adjustment to Q4 adjusted earnings results. The company also announced that Tom Burton is appointed to EVP, Federal Sector, Gardner Dudley is appointed as the new president, Capital Assets Group, and Roger Gravley is appointed as the new president, GovDeals, succeeding Bob Debardelaben.
08:03 EDTUALU.S. Airlines selloff overdone, says UBS
UBS views the selloff in U.S. Airlines as a buying opportunity and raised estimates across the board. The firm said the fuel benefit will more than offset the FX impact and notes recent travel agency bookings indicate a better-than-average October/November revenue outlook while Q4 competitive growth should decelerate.
06:44 EDTUALUnited Continental volatility flat as shares trend lower
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06:06 EDTFDOFamily Dollar says proceeding with plans to be acquired by Dollar Tree
Family Dollar (FDO) said in a memo to its employees yesterday that it is proceeding with its plan to be acquired by Dollar Tree (DLTR), even as Dollar General (DG) seeks to break up the deal and acquire Family Dollar. Family Dollar said it is not planning any changes to its health care, 401(k) and compensation plans. Family Dollar comments, "The immediate focus of our work is to prepare for ‘Day 1,’ (the first day after closing), while simultaneously beginning to build a more detailed plan for the integration. We’re now in the ‘integration planning phase,’ which involves planning for the complex blending of our two organizations."
September 30, 2014
16:33 EDTLLLumber Liquidators promotes Ray Cotton to Chief Compliance and Sustain' Officer
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11:25 EDTUALUnited Continental sees FY14 CASM ex-fuel up 1%-2% y/y
United Continental said it is looking to improve long-term shareholder value by generating ROIC greater than 10%, increasing earnings 2x-4x, growing CASM less than inflation and expanding revenue. Says expects to achieve $2B in annual cost savings by 2017, with ~$300M in non-fuel savings and nearly $200M in fuel savings in 2014. Sees 2015-2017 non-fuel unit costs growing less than inflation. Sees average CapEx of $2.8B-$3B from 2014-2017, expects to achieve $15B gross debt target and improve leverage ratios. Expects to complete $1B share repurchase program within the next three years. Comments from slides that are being presented at the Deutsche Bank Leveraged Finance Conference.
September 29, 2014
11:11 EDTUALFAA steadily up flights arriving, departing Chicago airports after fire
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08:14 EDTFDODollar General buying Dollar Tree 'not impossible,' says FBR Capital
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September 26, 2014
18:01 EDTFDOAttorneys general investigating effects of proposed Family Dollar merger
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10:58 EDTUALFire at FAA Chicago facility prompts flight halts, WSJ says
After a fire occurred in the Federal Aviation Administration's primary Chicago air-traffic control facility Aurora Illinois, flights in and out of Chicago's main airports have ceased, according to The Wall Street Journal, citing comments from the FAA. Midway International Airport is a main hub for Southwest (LUV) while United Continental (UAL) operates a hub out of O'Hare International Airport. Reference Link
10:09 EDTMEMPHigh option volume stocks
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08:30 EDTTSCOTractor Supply entering pet supply market with two store openings
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08:25 EDTTSCOPetSmart has a new competitor in Tractor Supply, says BofA/Merrill
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September 23, 2014
16:11 EDTIGTInternational Game and GTECH amend merger agreement
International Game Technology and GTECH S.p.A. announced that they have amended their previously announced merger agreement dated July 15. IGT and GTECH entered into the amendment with the overall intent of improving the timing and certainty of completion of the transaction in the interests of both companies and their shareholders. The amendment relieves IGT of additional regulatory and disclosure requirements, which were expected to delay the completion of the transaction. The amendment also reflects a reduced number of required approvals from gaming regulators as a condition precedent to closing. While the aggregate amount of stock and cash to be paid to IGT shareholders has remained unchanged, the amendment eliminates the mechanism for IGT shareholders to elect all-stock, all-cash consideration, or a mixed election, subject to proration. Upon completion of the merger, all IGT shareholders will receive the mixed consideration described in the merger agreement. As previously disclosed, this consists of a combination of $13.69 in cash plus a number of ordinary shares of a newly formed U.K. holding company equal to $4.56 divided by a calculation of the dollar value of GTECH shares prior to the transaction closing, subject to adjustments and limitations set forth in the merger agreement.
10:48 EDTUALUnited Continental and DoJ settle discrimination claim for $215K
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09:18 EDTUALCRT Capital believe long-term investors should buy Airlines aggressively
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06:02 EDTIGTInternational Game partners with Ellen DeGeneres Show for new video slot machine
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