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Stock Market & Financial Investment News

News Breaks
March 5, 2014
10:05 EDTXTEX, SJI, LEAF, SPLS, SMLP, TEP, TIVO, UNT, WHZ, SBY, ROC, PAGP, DDS, EVBS, ESS, GLP, LAMR, NGL, NSLP, PEI, XOMAOn The Fly: Analyst Downgrade Summary
BJ's Restaurants (BJRI) downgraded to Neutral from Overweight at Piper Jaffray... Crosstex Energy LP (XTEX) downgraded to Hold from Buy at Wunderlich... Dillard's (DDS) downgraded to Neutral from Outperform at Credit Suisse... Eastern Virginia Bankshares (EVBS) downgraded to Market Perform at Keefe Bruyette... Essex Property Trust (ESS) downgraded to Hold from Buy at Stifel... Global Partners (GLP) downgraded to Sector Perform from Outperform at RBC Capital... Lamar Advertising (LAMR) downgraded to Neutral from Conviction Buy at Goldman... NGL Energy Partners (NGL) downgraded to Neutral from Outperform at RW Baird... New Source Energy (NSLP) downgraded to Neutral from Outperform at RW Baird... Pennsylvania REIT (PEI) downgraded to Hold from Buy at Stifel... Plains GP Holdings (PAGP) downgraded to Neutral from Outperform at RW Baird... Rockwood (ROC) downgraded to Neutral from Outperform at Macquarie... Silver Bay Realty (SBY) downgraded to Market Perform at Keefe Bruyette... South Jersey Industries (SJI) downgraded to Hold from Buy at Brean Capital... Springleaf (LEAF) downgraded to Underperform from Neutral at BofA/Merrill... Staples (SPLS) downgraded to Neutral from Buy at B. Riley... Summit Midstream (SMLP) downgraded to Neutral from Outperform at RW Baird... Tallgrass Energy (TEP) downgraded to Neutral from Outperform at RW Baird... TiVo (TIVO) downgraded to Neutral from Overweight at JPMorgan... Unit Corp. (UNT) downgraded to Hold from Buy at Brean Capital... Whiting USA Trust (WHZ) downgraded to Underperform from Neutral at RW Baird... XOMA (XOMA) downgraded to Neutral from Outperform at Credit Suisse.
News For XTEX;DDS;EVBS;ESS;GLP;LAMR;NGL;NSLP;PEI;PAGP;ROC;SBY;SJI;LEAF;SPLS;SMLP;TEP;TIVO;UNT;WHZ;XOMA From The Last 14 Days
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October 24, 2014
07:05 EDTNGLNGL Energy Partners increases quarterly dividend to 60.88c per share
NGL Energy Partners LP announced that the Board of Directors of its general partner declared a quarterly distribution of 60.88c per unit, or $2.435 on an annualized basis, for the quarter ended September 30, 2014. This distribution represents a 3.4% increase over the prior quarterly distribution of 58.88c per unit and a 19.1% increase over the distribution paid in November 2013. This distribution is payable on November 14, 2014, to unitholders of record as of the close of business on November 4, 2014. This is the twelfth consecutive quarter NGL has increased its cash distribution since its public offering in May 2011.
October 23, 2014
17:08 EDTSMLPSummit Midstream raises quarterly cash distribution to 54c from 52c per unit
The distribution will be paid on November 14 to unitholders of record as of the close of business on November 7.
10:42 EDTROCHigh option volume stocks
High option volume stocks: ALIM ROC CAKE MDXG SMH CFX CRI INFN LTM
07:04 EDTEVBSEastern Virginia Bankshares' acquisition of Virginia Company Bank approved
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October 22, 2014
08:34 EDTGLPGlobal Partners increases quarterly cash distribution by 2.35% to 65.25c
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October 21, 2014
14:04 EDTTIVOEarnings Preview: Analysts divided on Broadcom ahead of Q3 report
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06:22 EDTSPLSStaples may be latest retailer to be hacked, Krebs reports
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October 20, 2014
10:38 EDTLAMRHigh option volume stocks
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10:24 EDTSPLSStaples and Cynthia Rowley announce exclusive collaboration
Staples and designer Cynthia Rowley announce an exclusive work and home office collection that incorporates designs into everyday work and home spaces. Beginning mid-November, Staples stores nationwide will debut the exclusive Cynthia Rowley Collection.
10:13 EDTPEIPennsylvania REIT says has held 'numerous' discussions with Land & Buildings
Pennsylvania Real Estate Investment Trust issued the following statement in response to the press release issued by Land & Buildings: "PREIT welcomes and values the opinions of all shareholders, and is open to input that may help advance the goal of enhancing shareholder value. The PREIT Board of Trustees and management team continually review the Company's strategic priorities and opportunities, and periodically assess a variety of strategic options. While it is the Company's policy not to comment on specific discussions with shareholders, we note that we have had numerous discussions with representatives of Land & Buildings and have thoroughly reviewed a previous proposal from Land & Buildings, which recommended that PREIT sell a pool of assets into a liquidating trust. We have determined that such a strategy would not achieve optimal execution price or be value enhancing; furthermore, a liquidating trust would have significant leverage, liquidity, operating and cash flow implications, and would not be in the best interest of all shareholders. We appreciate Land & Buildings' ideas and agree that our portfolio quality is misunderstood. We have continued to make progress in executing a transformation through strategic divestitures of non-core assets. However, we disagree with the implementation of a disposition program in a manner which would entail a tremendous amount of execution risk for the Company and potentially destroy shareholder value. While we will continue to evaluate Land & Buildings' most recent proposal that PREIT should immediately divest 17 properties, we believe it is similarly flawed, and we have provided this initial feedback to Land & Buildings. We noted specific issues with respect to Land & Buildings' proposal, including, but not limited to: the number of assets that should be sold, certain problematic leverage, liquidity and operating implications, credit complications, and considerable transaction costs and other expenses. Most notably, at this time, we believe that the immediate sale or spin-off of certain assets would not result in a valuation uplift and enhanced value for shareholders. We are confident that the continued execution of our strategy to dispose of selected assets in a deliberate and orderly manner, while strategically enhancing our other properties, is the best way to deliver long-term value. While we respect Land & Buildings' views, PREIT remains focused on executing its strategic plan to create sustainable long-term value."
09:09 EDTWHZWhiting USA Trust II downgraded to Market Perform at Raymond James
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07:16 EDTXOMAAmerican Academy of Ophthalmology to hold annual meeting
AAO Annual Meeting 2014 is being held in Chicago on October 18-21.
October 17, 2014
08:15 EDTLAMRLamar Advertising announces REIT registration statement declared effective
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October 16, 2014
07:23 EDTXOMAIBF Conferences to hold a summit
Ophthalmology Innovation Summit is being held in Chicago on October 16.
October 14, 2014
11:09 EDTNSLPNew Source Energy management to meet with Oppenheimer
Meeting to be held in Oklahoma City on October 21 hosted by Oppenheimer.
09:17 EDTTEPTallgrass aims to pursue new natural gas pipeline development
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08:40 EDTUNTUnit Corp. upgraded to Buy from Accumulate at KLR Group
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08:28 EDTPAGPPlains GP Holdings upgraded to Outperform at RW Baird
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07:52 EDTPAGPPlains GP Holdings upgraded to Outperform from Neutral at RW Baird
07:47 EDTPEIPennsylvania REIT reports on leasing progress for Springfield Town Center
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