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News Breaks | | | | August 13, 2012 | | 06:09 EDT |  | LEN, PHM, WMT, MDC, BZH, KBH, NVR, TOL, RYL, IR, DHI | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Wal-Mart (WMT) reports Q2 results on Thursday, and investors will be looking for signs of further recovery by the U.S. consumer. The company has already seen three straight quarters of growth in U.S. same-store sales, after showing declines for the prior nine, the Wall Street Journal reports...REUTERS: Oil prices jumped above $114 per barrel today, the highest in more than three months, as concern about supplies and hopes that governments will roll out more stimulus measures, Reuters reports...BLOOMBERG: Shares of U.S. homebuilder are appreciating at a record rate this year, reflecting confidence the housing rebound from a six-year slump can accelerate with new-home sales that remains 50% below the 40-year average, Bloomberg reports...Hedge fund reduced bets on a commodity rally for the first time in nine weeks as signs of U.S. growth and speculation that central banks will do more to stimulate economies drove prices to a three-month high, Bloomberg reports. | |
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News For WMT;IR;KBH;PHM;RYL;BZH;LEN;TOL;MDC;DHI;NVR From The Last 14 Days Check below for free stories on WMT;IR;KBH;PHM;RYL;BZH;LEN;TOL;MDC;DHI;NVR the last two weeks. |
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| June 19, 2013 | | 10:01 EDT |  | TOL | On The Fly: Analyst Upgrade Summary
 Subscribe for More Information | | | 07:31 EDT | | TOL | Toll Brothers upgraded to Buy from Hold at Argus
Subscribe for More Information | | | 07:09 EDT | | WMT | Wal-Mart plays catch up to Amazon.com, WSJ reports
Subscribe for More Information | | | 06:08 EDT | | WMT | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | June 18, 2013 | | 06:23 EDT |  | IR | Ingersoll-Rand to host conference call
Subscribe for More Information | | | June 17, 2013 | | 16:13 EDT |  | IR | Ingersoll-Rand spinoff Allegion to name CEO later this year, names 5 directors
Subscribe for More Information | | | 16:08 EDT | | IR | Ingersoll-Rand announces filing of Form 10 registration statement for spinoff
Ingersoll-Rand (IR) announced that Allegion plc filed a Form 10 Registration Statement with the U.S. SEC in connection with Ingersoll Rand’s previously announced plan to spin off its commercial and residential security businesses. The filing provides details about the independent global provider of security products and solutions. As previously announced, Ingersoll Rand expects the spinoff, which is intended to be tax free to shareholders, to occur prior to year-end. Allegion is the name of the new $2.05B security company. The name represents the collaborative, long-term relationships the company forges with customers. It embodies the company’s team of experts and their relentless commitment to safeguarding people and property. | | | 15:29 EDT | | WMT | Google's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link | | | 09:43 EDT | | IR | Ingersoll-Rand sees IRS proposing $400M-$700M owed in tax on debt
Ingersoll-Rand disclosed in a regulatory filing that recently an Internal Revenue Service examination team informally advised the company of its position with respect to interest payments on intercompany debt issued in connection with reincorporation in Bermuda. Ingersoll-Rand stated, "The IRS has informed us that it intends to continue to take the position on this intercompany debt, which was retired at the end of 2011, that it previously took for our 2002 tax year. In that audit the IRS proposed to impose 30% withholding tax on a portion of the interest payments on that intercompany debt as if they were made directly to a company that was not eligible for reduced U.S. withholding tax under a U.S. income tax treaty...The IRS also indicated that it may propose to extend its position further and treat some or all of the interest income from the intercompany debt as “earned” by Ingersoll-Rand Company Limited and, as a result, recharacterize some or all of the distributions made by Ingersoll-Rand Company Limited during the 2003-2006 tax years as taxable dividends instead of as a return of capital...Although we expect it to do so, the IRS has not yet proposed any similar adjustments for years subsequent to 2006, as the federal income tax audits for those years are still in process or have not yet begun...Based on the limited information available to us we believe the IRS will propose that we owe between $400 million and $700 million of additional withholding and income taxes with respect to these issues for 2003-2006, plus penalties. Interest would also be owed on any unpaid amounts...We have vigorously contested all of these proposed adjustments and intend to continue to do so. Although the outcome of these matters cannot be predicted with certainty, based upon an analysis of the merits of our position we believe that we are adequately reserved under the applicable accounting standards for these matters and do not expect that the ultimate resolution will have a material adverse impact on our future results of operations, financial condition, or cash flows. As we move forward to resolve these matters with the IRS, the reserves established may be adjusted. Although we continue to contest the IRS's position, there can be no assurance that we will be successful. If the IRS's position with respect to the 2002-2006 tax years is ultimately sustained it will have a material adverse impact on our future results of operations, financial condition and cash flows." | | | June 15, 2013 | | 17:46 EDT | | WMT | Wal-Mart appoints Cash as new presiding director, Reuters says
Subscribe for More Information | | | | June 14, 2013 | | 07:21 EDT | | WMT | Clinton Global Initiative to host to host a meeting
Subscribe for More Information | | | June 13, 2013 | | 09:30 EDT | | WMT | Clinton Global Initiative to host to host a meeting
Subscribe for More Information | | | 05:48 EDT | | WMT | Wal-Mart increases hiring but uses temps, Reuters reports
In recent months, Wal-Mart Stores has been only hiring temporary workers at many of its U.S. stores, the first time the major retailer has done so outside of the holiday shopping season, reports Reuters.Reference Link | | | June 12, 2013 | | 16:54 EDT | | WMT | H&R Block not renewing relationship with Wal-Mart
On its Q4 earnings call H&R Block (HRB) stated that it was not renewing its relationship with Wal-Mart (WMT), saying it was an economic and operational decision. Results in this channel did not meet the company's expectations and H&R Block is confident that it can serve its clients better in its other 10,000 plus neighborhood locations. H&R Block does not expect its decision to exit Walmart locations to have a material impact on results going forward. | | | 12:06 EDT | | RYL | Ryland Group management to meet with Sterne Agee
Subscribe for More Information | | | 10:14 EDT | | LEN | On the Fly: Upgrade Summary
Subscribe for More Information | | | 05:36 EDT | | LEN | Lennar upgraded to Outperform from Market Perform at Keefe Bruyette
Subscribe for More Information | | | June 11, 2013 | | 08:22 EDT |  | DHI | D.R. Horton shares undervalued at current levels, says Sterne Agee
Sterne Agee believes that D.R. Horton's fundamentals are positive, and the firm doesn't expect the recent rise in interest rates to completely derail demand for new housing. The firm recommends buying D.R. Horton at current levels. | | | June 10, 2013 | | 10:52 EDT | | WMT | Green Dot rises after taking over Wal-Mart prepaid cards from GE
Subscribe for More Information | | | 10:04 EDT |  | LEN | On The Fly: Analyst Downgrade Summary
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