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Stock Market & Financial Investment News

News For VSI;IFF;GNC;FDO;LO;BEAM;RAD;MJN;ENR;VFC;TUP;BUD From The Last 14 Days
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November 21, 2014
08:06 EDTIFFInternational Flavors opens new flavors facilities in Indonesia, Chile
International Flavors & Fragrances announced the opening of a creative facility in Jakarta, Indonesia, and a sales office and applications laboratories in Santiago, Chile.
07:43 EDTFDODollar Tree price target raised to $74 from $68 at UBS
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November 20, 2014
09:30 EDTFDODollar Tree says working to close Family Dollar deal 'as soon as possible'
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November 19, 2014
20:12 EDTBUDAB InBev cutting jobs, consolidating sales division in U.S., WSJ reports
Anheuser-Busch InBev confirmed in a statement that it is cutting jobs and consolidating its sales division in the U.S., according to the Wall Street Journal, but declined to specify how many jobs are being cut. Reference Link
15:15 EDTFDODollar General affirms commitment to Family Dollar deal, says FTC review ongoing
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15:14 EDTFDODollar General says actively engaged in ongoing FTC review process for deal
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15:13 EDTFDODollar General affirms commitment to Family Dollar acquisition
10:00 EDTENROn The Fly: Analyst Initiation Summary
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08:31 EDTFDOFamily Dollar reschedules special meeting of shareholders to December 23
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06:39 EDTFDODollar General may have to sell over 4K stores for deal approval, NY Post says
The Federal Trade Commission may require Dollar General (DG) to sell more than 4,000 of its stores to gain approval of its deal to buy Family Dollar (FDO), according to The New York Post. Dollar General had previously said that it was willing to sell 1,500 of its stores to facilitate the deal, the newspaper stated. Reference Link
06:14 EDTENREnergizer initiated with a Neutral at BTIG
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November 18, 2014
11:36 EDTTUPTupperware Brands sees local currency sales in 2015 up 4%-6%
Comments from slide presentation.
11:15 EDTTUPTupperware Brands backs FY14 EPS view $5.21-$5.26, consensus $5.25
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11:13 EDTTUPTupperware Brands backs Q4 earnings view $1.55-$1.60, consensus $1.57
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08:55 EDTVFCVF Corp. initiated with a Buy at BB&T
Target $82.
08:43 EDTMJNMead Johnson sees FY14 adjusted EPS $3.64-$3.72, consensus $3.72
Says excess cash flow and borring capacity provides flexibility to grow through M&A, return cash to shareholders via dividends and buybacks. Says will consider incremental demand-generation investments in 2015 in light of anticipated gross margin improvement. Sees long-term earnings growth at or above the rate of revenue growth. Sees revenue growth within the top quartile of peer group. Sees dividend growth at or above the rate of EPS growth. Comments from slides that will be presented at the Morgan Stanley Global Consumer Conference.
07:30 EDTMJNMorgan Stanley to hold a conference
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November 14, 2014
17:27 EDTFDOPaulson & Co. gives quarterly update on stakes
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17:13 EDTLOAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
10:00 EDTENROn The Fly: Analyst Downgrade Summary
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08:46 EDTIFFJacobs Engineering names Kevin Berryman as EVP, CFO
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08:30 EDTIFFInternational Flavors to appoint Richard O'Leary as interim CFO
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07:47 EDTBUDAB InBev CEO says willing to deal but only at right price, Bloomberg reports
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07:07 EDTENREnergizer downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Energizer to Market Perform citing the recent rally in shares. Wells believes the Duracell sale prices suggests a lower, not higher valuation for shares. It sees a balanced risk/reward as current levels and keeps a $132-$137 price target range for Energizer.
06:13 EDTENREnergizer price target raised to $152 from $134 at Citigroup
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November 13, 2014
14:50 EDTRADLonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTRADLonestar capital to shut down, DJ reports
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09:47 EDTENREnergizer up 4% to $129.81 after Berkshire buys peer Duracell
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November 12, 2014
08:14 EDTENREnergizer sees FY15 total organic net sales to be flat
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08:13 EDTENREnergizer: Q4 restructuring savings increased $32M vs prior quarter
Restructuring savings in the fourth fiscal quarter increased approximately $32M versus the prior year quarter. The primary impacts of savings were reflected in improved gross margin in Household Products and lower overhead expenses. Project-to-date savings total approximately $255M. The company expects to achieve $300M of savings prior to the anticipated closing of the planned spin-off transaction. Estimated total project savings have been increased to $330M through fiscal 2016. Restructuring related charges for the fourth fiscal quarter were $21.8M. Total project-to-date costs are approximately $260M. Total project restructuring costs are projected to be approximately $350M. As announced on April 30, 2014, the company is pursuing a plan to spin-off the Household Products business and thereby create two independent, publicly traded companies. As a result, the company is incurring incremental costs to evaluate, plan and execute the transaction. For the fourth fiscal 2014 quarter, $37.7M of pre-tax charges were incurred. Total spin-off transaction costs have totaled approximately $45M in fiscal 2014. The company will incur additional costs to execute the transaction and expects these costs to be material.
08:12 EDTENREnergizer reports Q4 Personal Care net sales up 10.5% to $654.7M
Reports Q4 Personal Care organic net sales down 0.6%; Reports Q4 Household Products net sales up 2.8% to $486.7M; Reports Q4 Household Products organic net sales up 4%.
08:11 EDTENREnergizer expects to continue positive momentum in restructuring efforts in 2015
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08:11 EDTENREnergizer reports Q4 adjusted EPS $1.87, consensus $1.61
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07:04 EDTFDOFamily Dollar reaffirms recommendation to merge with Dollar Tree
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06:37 EDTMJNCiti says Hershey, TreeHouse, Mead still top picks in Food
After meeting with ten U.S. Food Manufacturers, Citigroup says Hershey (HSY), TreeHouse (THS) and Mead Johnson (MJN) remain its top picks in the space. Citi favors domestic companies, but says the consumer environment for food remains difficult with volume growth "hard to come by" in the U.S. The firm believes the expected uptick in U.S. food growth is failing to materialize.
06:24 EDTGNCGNC Holdings announces Chief Legal Officer Gerald Stubenhofer to leave company
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November 11, 2014
15:25 EDTENRNotable companies reporting before tomorrow's open
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12:34 EDTMJNMead Johnson management to meet with William Blair
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11:33 EDTBUDSABMiller may look for takeover, expansion stable of beers, WSJ says
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November 7, 2014
21:09 EDTTUPTupperware Brands management to meet with SunTrust
Meeting to be held in Chicago on November 13 hosted by SunTrust.
17:10 EDTFDODollar Tree certifies substantial compliance with FTC second request under HSR
Dollar Tree (DLTR) announced that it has certified substantial compliance with the Request for Additional Information and Documentary Materials issued by the FTC on September 8, regarding its proposed acquisition of Family Dollar Stores (FDO). Family Dollar previously certified substantial compliance with the FTC on October 21. In order to facilitate the FTC’s review, Dollar Tree and Family Dollar have agreed not to close the Proposed Merger prior to December 30, unless the FTC completes its review of the Proposed Merger and terminates the waiting period at an earlier date. The FTC staff has indicated that it is examining whether prices would increase if the parties no longer had to compete with each other, and an important factor in this examination is how prices would change under either of the merging parties’ current pricing policies. The FTC staff has also focused on the similarity and differences between the parties’ stores and other competing retail chains. The concerns and competitive theories articulated by the FTC staff would require divestitures in connection with the Proposed Merger. As Dollar Tree remains confident that it will obtain antitrust approval to consummate the Proposed Merger reasonably promptly. Dollar Tree is committed to cooperating with the FTC’s investigation of the Proposed Merger, and providing all of the necessary information for the FTC to advance its review as promptly as practicable. The special meeting of Family Dollar shareholders to vote on the Proposed Merger is currently scheduled for December 11.
10:01 EDTRADRite Aid, HealthSpot announce plans for walk-in stations
Rite Aid announced it has entered into an agreement with HealthSpot to provide healthcare services via private, walk-in HealthSpot stations inside select Rite Aid locations. Rite Aid will pilot the HealthSpot stations in the greater Akron/Canton, Cleveland and Dayton/Springfield markets.
10:00 EDTVSIOn The Fly: Analyst Downgrade Summary
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10:00 EDTGNCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Overweight from Equalweight at Capital One... CA Technologies (CA) upgraded at Evercore ISI... CGG SA (CGG) upgraded to Hold from Sell at Canaccord... Cavium (CAVM) upgraded to Strong Buy from Outperform at Raymond James... Charter (CHTR) upgraded to Outperform from Market Perform at Raymond James... Chesapeake (CHK) upgraded to Overweight from Equal Weight at Johnson Rice... Container Store (TCS) upgraded at BofA/Merrill... Delhaize (DEG) upgraded to Neutral from Underperform at BofA/Merrill... Devon Energy (DVN) upgraded to Accumulate from Hold at Tudor Pickering... Dynegy (DYN) upgraded to Accumulate from Hold at Tudor Pickering... EOG Resources (EOG) upgraded to Buy from Accumulate at Tudor Pickering... Envestnet (ENV) upgraded at Raymond James... GNC Holdings (GNC) upgraded to Buy from Neutral at Goldman... Hospira (HSP) upgraded at Raymond James... Kinross Gold (KGC) upgraded to Buy from Neutral at UBS... Kosmos (KOS) upgraded at RBC Capital... Nationstar (NSM) upgraded to Market Perform from Underperform at Wells Fargo... Northern Oil and Gas (NOG) upgraded at Raymond James... Perrigo (PRGO) upgraded to Overweight from Equal Weight at Morgan Stanley... PetSmart (PETM) upgraded to Hold from Sell at Deutsche Bank... Plains GP Holdings (PAGP) upgraded at Credit Suisse... Rosetta Resources (ROSE) upgraded to Accumulate from Hold at Tudor Pickering... Splunk (SPLK) upgraded to Buy from Hold at Evercore ISI... Sunoco Logistics (SXL) upgraded to Buy from Neutral at UBS... Target (TGT) upgraded to Buy from Neutral at Cleveland Research... Walker & Dunlop (WD) upgraded to Outperform from Market Perform at Wells Fargo... XO Group (XOXO) upgraded to Buy from Neutral at B. Riley... Zynga (ZNGA) upgraded to Buy from Hold at Needham.
06:16 EDTGNCGNC Holdings upgraded to Buy from Neutral at Goldman
Goldman upgraded GNC Holdings to Buy with a increased price target of $49 from $44. The firm said GNC is in the middle of a turnaround and that same-store-sales have likely bottomed. Goldman expects double-digit earnings growth to resume in 2015 driven by a broadening brand, new products, and improved customer price perception.
06:16 EDTVSIVitamin Shoppe downgraded to Neutral from Buy at Goldman
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