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Stock Market & Financial Investment News

News Breaks
August 20, 2014
16:06 EDTUPSUPS notifies customers of potential data compromise, incident resolution
The UPS Store recently received a government bulletin regarding a broad-based malware intrusion not identified by current anti-virus software. Upon receiving the bulletin, The UPS Store retained an IT security firm and conducted a review of its systems and the systems of its franchised center locations. The UPS Store discovered malware identified in the bulletin on systems at 51 locations in 24 states, about 1% of 4,470 franchised center locations throughout the U.S. Based on the current assessment by The UPS Store and the IT security firm, certain customers' information, who used a credit or debit card at the 51 impacted franchised center locations between January 20 and August 11, may have been exposed. For most locations, the period of exposure to this malware began after March 26. The malware was eliminated as of August 11 and customers can shop securely at all The UPS Store locations. The customer information that may have been exposed includes names, postal addresses, email addresses and payment card information. Not all of this information may have been exposed for each customer. Based on the current assessment, The UPS Store has no evidence of fraud arising from this incident. The UPS Store is providing an information website, identity protection and credit monitoring services to customers whose information may have been compromised.
News For UPS From The Last 14 Days
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December 18, 2014
07:07 EDTUPSUPS agrees to terms with ORTIE to acquire Poltraf, terms not disclosed
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December 17, 2014
11:37 EDTUPSFedEx falls after Q2 results, FY15 EPS outlook miss analysts' estimates
Shares of package delivery company FedEx (FDX) are sinking after the company's second quarter results and fiscal year 2015 profit outlook missed analysts' consensus estimates. WHAT'S NEW: This morning, FedEx reported Q2 EPS of $2.14 and revenue of $11.9B, trailing analysts' consensus estimates of $2.22 and $11.98B, respectively. Share repurchases benefited Q2 earnings by 16c per share, FedEx said. The company reported Q2 operating income of $1.01B, up 22% from $827M last year, and operating margin of 8.5%, up from 7.3% a year ago. FedEx said that operating income and margin increased primarily due to higher volumes and base yields in all three transportation segments. Results for the quarter also included benefits from the company's profit improvement programs, lower pension expense and a slightly positive net impact from fuel, and FedEx said these benefits were partially offset by higher aircraft maintenance expense due to the timing of aircraft maintenance events. FedEx said Express revenue increased 7% from a year ago to $7.02B, Ground revenue increased 8% from a year ago to $3.06B and Freight revenue up 11% from last year to $1.59B. Looking ahead, FedEx reaffirmed its FY15 EPS view of $8.50-$9.00, trailing analysts' estimates of $9.12. The company's outlook assumes continued moderate economic growth and a modest net benefit from fuel. The capital spending forecast for FY15 remains $4.2B. WHAT'S NOTABLE: On its earnings conference call, FedEx lowered its 2015 global economic growth view to 3% from 3.1%, but said it still sees U.S. GDP growth of 3.1% in 2015. The company said some customer volume was limited during the West Coast port slowdown, and that it is a "bigger deal than people think." FedEx said fuel surcharge tables will be reviewed in February 2015, and that the company still intends to repurchase shares, but possibly at a slower pace. PRICE ACTION: In late morning trading, FedEx fell $8.74, or about 5%, to $165.52 on more than twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 19% over the past 12 months. OTHERS TO WATCH: FedEx’s main competitor, United Parcel Service (UPS), is down about 2.4% on the session.
December 15, 2014
10:00 EDTUPSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
06:04 EDTUPSUPS downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded UPS to Hold with a $116 price target citing a more balanced risk/reward profile following the recent rally in shares. The stock is up 12% over the past three months. Shares of the shipping giant closed Friday down 63c to $110.
December 11, 2014
10:13 EDTUPSOn The Fly: Analyst Initiation Summary
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09:03 EDTUPSUPS management to meet with UBS
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06:18 EDTUPSUPS initiated with a Neutral at UBS
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December 10, 2014
08:14 EDTUPSUPS management to meet with UBS
Meeting to be held in Seoul, South Korea on December 10 hosted by UBS.
December 9, 2014
07:46 EDTUPSUPS management to meet with UBS
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December 8, 2014
08:11 EDTUPSUPS management to meet with UBS
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