Barclays cut its rating on Wal-Mart (NYSE: WMT) last week after the world’s largest retailer reported its quarterly results and gave forward looking guidance. However, research firm Janney Capital wrote a note to investors that it believes shares of Wal-Mart will probably outperform going forward, as other retailers are likely to implement wage hikes similar to the one that the giant discounter announced.…
]]>
Barclays cut its rating on Wal-Mart (NYSE: WMT) last week after the world’s largest retailer reported its quarterly results and gave forward looking guidance. However, research firm Janney Capital wrote a note to investors that it believes shares of Wal-Mart will probably outperform going forward, as other retailers are likely to implement wage hikes similar to the one that the giant discounter announced.…
]]>
Trian Group has sold overall 2.4M shares of Ingersoll-Rand (NYSE:IR). After this sale, Trian Group, in the aggregate, beneficially own 12.98M shares, or approximately 4.93% of Ingersoll-Rand outstanding shares. In the future, CalSTRS will make independent investment decisions in respect of its holdings in Ingersoll-Rand and, therefore, Trian Group and CalSTRS no longer constitute a group in respect of their respective holdings in Ingersoll-Rand.…
]]>
Trian Group has sold overall 2.4M shares of Ingersoll-Rand (NYSE:IR). After this sale, Trian Group, in the aggregate, beneficially own 12.98M shares, or approximately 4.93% of Ingersoll-Rand outstanding shares. In the future, CalSTRS will make independent investment decisions in respect of its holdings in Ingersoll-Rand and, therefore, Trian Group and CalSTRS no longer constitute a group in respect of their respective holdings in Ingersoll-Rand.…
]]>
The board of Sempra Energy (NYSE:SRE) has approved a 6% increase in the dividend on shares of the company’s common stock to $2.80 per share, on an annualized basis, from $2.64 per share. The first quarterly installment of the new dividend, 70c per share, is payable April 15 to shareholders of record on March 27.…
]]>
The board of Sempra Energy (NYSE:SRE) has approved a 6% increase in the dividend on shares of the company’s common stock to $2.80 per share, on an annualized basis, from $2.64 per share. The first quarterly installment of the new dividend, 70c per share, is payable April 15 to shareholders of record on March 27.…
]]>
MutualFirst Financial (NASDAQ:MFSF), the holding company of MutualBank, has announced the company will pay a cash dividend of 12c per share for Q1. The dividend will be payable on March 27 to shareholders of record on March 13. MutualFirst CEO David W.…
]]>
MutualFirst Financial (NASDAQ:MFSF), the holding company of MutualBank, has announced the company will pay a cash dividend of 12c per share for Q1. The dividend will be payable on March 27 to shareholders of record on March 13. MutualFirst CEO David W.…
]]>
Cedar Fair, L.P. (NYSE:FUN) upgraded to Buy from Neutral at Goldman. Goldman Sachs upgraded Cedar Fair (FUN) to Buy saying shares will benefit from easy compares in Q2 and Q3 as well as lower gas prices. Goldman raised its price target for the stock to $59 from $50.…
]]>
Cedar Fair, L.P. (NYSE:FUN) upgraded to Buy from Neutral at Goldman. Goldman Sachs upgraded Cedar Fair (FUN) to Buy saying shares will benefit from easy compares in Q2 and Q3 as well as lower gas prices. Goldman raised its price target for the stock to $59 from $50.…
]]>![DCP Midstream Partners LP (NYSE:DPM) [Trend Analysis] announces 20% workforce reduction; Cincinnati Financial Corp. (Nasdaq:CINF), Amtech Systems Inc. (Nasdaq:ASYS)](http://www.marketsdaily.com/wp-content/uploads/2015/01/crash-200x134.jpg "crash")
DCP Midstream Partners LP (NYSE:DPM) announces workforce reduction of approximately 20%. Denver-based DCP Midstream executed a reduction in force affecting approximately 20% of its employees in corporate staff functions. With this corporate restructuring, DCP Midstream will close its Oklahoma City regional office and reduce its workforce in its Tulsa and Midland offices, relocating functions in those locations primarily to its Denver headquarters and Houston regional office.…
]]>
DCP Midstream Partners LP (NYSE:DPM) announces workforce reduction of approximately 20%. Denver-based DCP Midstream executed a reduction in force affecting approximately 20% of its employees in corporate staff functions. With this corporate restructuring, DCP Midstream will close its Oklahoma City regional office and reduce its workforce in its Tulsa and Midland offices, relocating functions in those locations primarily to its Denver headquarters and Houston regional office.…
]]>
OCI Partners LP (NYSE:OCIP) completes all pre-turnaround, pre-shutdown works on Beaumont. OCI Partners announced that it has completed all pre-turnaround and pre-shutdown works on its Beaumont facility. The Partnership also announced that it has shut down its facility to commence its planned turnaround and complete its debottlenecking project that will increase its methanol and ammonia production capacities by 25% and 15% respectively.…
]]>
OCI Partners LP (NYSE:OCIP) completes all pre-turnaround, pre-shutdown works on Beaumont. OCI Partners announced that it has completed all pre-turnaround and pre-shutdown works on its Beaumont facility. The Partnership also announced that it has shut down its facility to commence its planned turnaround and complete its debottlenecking project that will increase its methanol and ammonia production capacities by 25% and 15% respectively.…
]]>
Apple Inc. (Nasdaq:AAPL) continues to gain. Last week, Apple ‘s (AAPL) shares rose last week after the company reported record results, beating analysts’ expectations. The company sold 74.5M iPhones last quarter, a figure that also beat the consensus outlook. The company’s shares are again getting buyers’ support and are trading positive.…
]]>
Apple Inc. (Nasdaq:AAPL) continues to gain. Last week, Apple ‘s (AAPL) shares rose last week after the company reported record results, beating analysts’ expectations. The company sold 74.5M iPhones last quarter, a figure that also beat the consensus outlook. The company’s shares are again getting buyers’ support and are trading positive.…
]]>
MainSource Financial Group, Inc. (Nasdaq:MSFG) raises quarterly dividend 18% to 13c per share. The company announced that the Board of Directors declared a first quarter common dividend of 13c per share at its January 19 meeting. This represents an increase of 2c per share, or 18%, from the dividend paid during the previous quarter.…
]]>
MainSource Financial Group, Inc. (Nasdaq:MSFG) raises quarterly dividend 18% to 13c per share. The company announced that the Board of Directors declared a first quarter common dividend of 13c per share at its January 19 meeting. This represents an increase of 2c per share, or 18%, from the dividend paid during the previous quarter.…
]]>
Vertex Pharmaceuticals Incorporated (Nasdaq:VRTX) sees FY15 KALYDECO net revenues $560M-$580M. FY15 revenue consensus $1.19B. KALYDECO net revenues reflect use of KALYDECO by eligible patients in Australia following the completion of reimbursement discussions in late 2014; use of KALYDECO in some people in the United States with the R117H mutation following FDA approval in late 2014.VRTX traded in the red and closed at $121.26 for the day.…
]]>
Vertex Pharmaceuticals Incorporated (Nasdaq:VRTX) sees FY15 KALYDECO net revenues $560M-$580M. FY15 revenue consensus $1.19B. KALYDECO net revenues reflect use of KALYDECO by eligible patients in Australia following the completion of reimbursement discussions in late 2014; use of KALYDECO in some people in the United States with the R117H mutation following FDA approval in late 2014.VRTX traded in the red and closed at $121.26 for the day.…
]]>