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Plum Creek Timber
06 мая 2016, 15:16

Weyerhaeuser (WY) Beats on Q1 Earnings, Revenues Lag

Weyerhaeuser Company (WY) reported adjusted earnings of 24 cents per share for first-quarter 2016, above the Zacks Consensus Estimate of 20 cents while up 26.3% year over year.

02 мая 2016, 14:47

Weyerhaeuser (WY) to Report Q1 Earnings: What's in Store?

Weyerhaeuser Company (WY) is scheduled to report first-quarter 2016 results on May 6 before the market opens. The Zacks Consensus Estimate for the quarter is pegged at 20 cents.

28 февраля 2016, 22:19

Are Publicly Funded Charter Schools Accountable to Parents and Taxpayer? Apparently Not.

Several weeks ago, the New York Times published a surreptitiously recorded video of a charter school teacher berating a first grade student and ripping up her work in front of the class for being unable to explain how she solved a math problem. The publicly-funded school, the Success Academy founded by Eva Moskowitz, circled the wagons and launched a public relations blitz. According to the Times, the girl's parent tried to raise questions at a meeting organized by the school to get parent support for the teacher in the press. She was concerned that the parents were being asked to help without even being shown the video. "She's like 'You've had enough to say' and [Ms. Moskowitz] tried to talk over me," the mother told the Times. Frustrated, she gave up and walked out of the meeting. The student's parent went to the NY Department of Education to file a complaint. She was told that Success was independent from the school district and that she needed to contact the school's board of trustees. But the board, chaired by hedge fund CEO Dan Loeb, that gets to spend taxpayer dollars aren't elected by nor accountable to New York voters. They have no obligation to neither listen to her nor take action. They are a group of hedge fund and private equity investors, lawyers, public relationships professionals, philanthropists and one full-time educator. Here's a few of the Wall Street investors on the school's board of trustees who the girl's mother was told to petition: Joel Greenblatt is a Managing Partner at the hedge fund Gotham Capital and former Chairman of the Board of Alliant Techsystems, a NYSE-listed aerospace and defense company. Steven M. Galbraith is a former Chief Investment Officer at Morgan Stanley who now runs Herring Creek Capital, a Connecticut based Hedge Fund. John Petry is the founder and managing principle at the hedge fund, Sessa Capital. Richard S. Pzena is the founder of Pzena Investment Manager, a global investment firm. David Roberts has been for the last 21 years with the investment firm, Angelo, Gordon David, responsible for helping to start and grow a number of the firm's businesses including opportunistic real estate, private equity, and net lease real estate. John Scully is a founding partner of SPO Partners & Co., a private investment firm and a director at the Plum Creek Timber Company and chairman of Advent Software. Paul Pastorek, the co-executive director of the Eli and Edythe Broad Foundation founded by billionaire Eli Broad, who is leading an effort to turn half of Los Angeles schools into charter schools. Pastorek led the post-Hurricane Katrina effort in New Orleans that converted all elementary and secondary schools into charter schools. Recent research has shown that the New Orleans school system is now a multi-tier system that works for some, but leaves many behind. They are private citizens who get to spend taxpayer dollars to educate children. They argue that the market will determine success. Unfortunately, they get to define what success looks like -- not the public whose taxes fund the school, nor voters who are the ultimate policy makers in a democratic society. The problem is that the market doesn't need to pay attention to the whims of democracy that demands public accountability, high quality and inclusive education for every child -- even the ones that struggle with math problems. The mother ultimately removed her daughter from the school. It's the Donald Trump "you're fired" brand of education. There's no room for those that can't take the heat - even if they are a 6-year old first grader struggling with math. That's not America and it's certainly not how a democracy should function. The biggest problem with charter schools should be obvious. Charter schools are publicly funded, public schools run by private groups unaccountable to neither the public who pay the bills nor the parents of children who deserve to have their voices heard. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

22 февраля 2016, 23:20

Weyerhaeuser Merges with Plum Creek; Retains Symbol

Weyerhaeuser Company (WY) has completed the pending merger with its rival Plum Creek.

16 февраля 2016, 23:15

Plum Creek-Weyerhaeuser Merger Receives Shareholder Nod

The proposed merger between Plum Creek Timber Co. Inc. (PCL) and Weyerhaeuser Co. (WY) has got shareholders' approval.

16 февраля 2016, 23:05

Weyerhaeuser's Shareholders Approve Plum Creek Merger

Weyerhaeuser Company (WY) recently announced that its shareholders, in a special meeting held on Feb 12, approved the company's merger with its rival Plum Creek Timber Co. Inc. (PCL).

04 февраля 2016, 19:10

Plum Creek Beats Q4 Earnings; to Merge with Weyerhaeuser

Plum Creek Timber Company Inc. (PCL) reported fourth-quarter 2015 earnings per share of 19 cents, which included transaction costs of 4 cents per share related to the pending merger with Weyerhaeuser Company (WY).

01 февраля 2016, 22:50

Plum Creek (PCL) to Report Q4 Earnings: What to Expect?

Plum Creek Timber Co. Inc. (PCL) is expected to report fourth-quarter and full-year 2015 results on Feb 3, 2016, after the market close.

19 декабря 2014, 17:37

CEO Gives Back His Entire $2 Million Bonus To Company

Plum Creek Timber's CEO Rick Holley received a $1.86 million bonus in the form of 44,445 restricted company stocks on Feb. 3 2014. On Dec. 12, Holley gave back his awarded bonus because company shareholders had not seen a return in their investments during his tenure as CEO, according to a Securities and Exchange Commission 8-K filing. More from CNBC: -- The billionaire who wants to save the Taj Mahal casino -- Billionaires who made and lost the most in 2014 -- Elon Musk is losing big-time on cheap gas prices "Nonetheless, Mr. Holley remains fully committed to Plum Creek and intends to lead the company through this challenging and prolonged economic cycle," according to the filing. Plum Creek Timber did not respond immediately to CNBC's request for comment. Read More: Bad romance: CEO's bonus cut over affair

05 сентября 2014, 15:41

Frontrunning: September 5

Euro left reeling after ECB's liquidity splurge (Reuters) Coalition Emerges to Battle Islamic State Militants (WSJ) Ukraine Gas Chief Takes on Gazprom in Race With Winter (BBG) Nato leaders fail to agree spending targets (FT) JPMorgan Had Exodus of Tech Talent Before Hacker Breach (BBG) Mercedes-Benz Sales Rise Despite Weak German Demand (WSJ) Secret Network Connects Harvard Money to Payday Loans (BBG) ICE looks to crack financial data market (FT) Pakistan opposition in talks with government to end political crisis (Reuters) Kids Slapped With 192-Pound Weight Tilt Qantas Plane Nose (BBG) Barclays, BofA, Citigroup Sued for ISDAfix Manipulation (BBG) Al-Qaeda in India Tests Modi’s Bid to Unite Muslims, Hindus (BBG) Uber’s ’Small Change’ Ban Reply May Anger German Judges (BBG) Virginia ex-governor, wife found guilty in corruption trial (Reuters)   Overnight Media Digest WSJ * American allies including the UK and France said they would help form an international military coalition to fight a growing threat from Islamic State militants. (http://on.wsj.com/1t6Kyi7) * A hacker broke into part of the HealthCare.gov insurance enrollment website in July and uploaded malicious software, according to federal officials. Investigators found no evidence that consumers' personal data were taken or viewed during the breach, federal officials said. The hacker appears only to have gained access to a server used to test code for HealthCare.gov, the officials said. (http://on.wsj.com/Z8RXoB) * Apple Inc said it plans additional steps to keep hackers out of user accounts. In his first interview on the subject, Apple Chief Executive Tim Cook said celebrities' iCloud accounts were compromised when hackers correctly answered security questions to obtain their passwords or when they were victimized by a phishing scam to obtain user IDs and passwords. He said none of the Apple IDs and passwords leaked from the company's servers. (http://on.wsj.com/1puYPl3) * Nvidia Corp opened a new front in the recent legal wars over mobile technology, filing suits accusing Samsung Electronics Co Ltd and Qualcomm Inc of infringing patents that cover graphics chips. (http://on.wsj.com/1BfcsxB) * The dollar hit its highest level in nearly six years against the yen Friday following the European Central Bank's surprise rate move overnight and as monetary policy in the United States and Japan hits a fork in the road. (http://on.wsj.com/WiV5MC) * BP Plc was grossly negligent in the 2010 Deepwater Horizon disaster, a federal judge ruled, handing down a decision that could cost the company as much as $18 billion in pollution fines for the Gulf of Mexico oil spill. (http://on.wsj.com/1pQrgzX) * The credit-card industry is accelerating efforts to keep sensitive customer information out of the hands of merchants, as a rash of data breaches at major U.S. retailers erodes confidence in electronic payment systems. Visa Inc and MasterCard Inc are rolling out technology that replaces cardholder information such as account numbers and expiration dates with a unique series of numbers that validates the customer's identity. (http://on.wsj.com/1Bf9Vn3) * Google Inc has agreed to settle a Federal Trade Commission complaint that it allowed children to rack up millions of dollars in charges in its mobile app store without their parents' knowledge or consent. Google will refund a minimum of $19 million to consumers whose children made purchases inside applications downloaded from the Google Play app store. Google will also modify its billing practices to ensure it obtains express consent before charging consumers for items sold in mobile apps. (http://on.wsj.com/Z9z6JZ) * New York City Mayor Michael Bloomberg finds himself in a very different situation as he comes back to run Bloomberg LP. The media company is hardly in crisis. It has solidified its position as a dominant provider of financial information, and its revenue and subscribers have jumped sharply in recent years. There are threats looming, however. Bloomberg is returning to a more competitive marketplace than the one he left in 2002 and to increasingly strained relations with the financial institutions that make up the company's core customer base. (http://on.wsj.com/1AcQtow) * Caterpillar Inc's Progress Rail subsidiary, the subject of a federal criminal investigation, has lost railcar-repair contracts at some of the nation's busiest railroad terminals, including the ports of Long Beach and Los Angeles. (http://on.wsj.com/1qB6P8b) * A panel of top regulators Thursday proposed giving MetLife Inc tougher government oversight, bringing the insurer and regulators a step closer to a possible legal showdown. The Financial Stability Oversight Council, led by the Treasury secretary, voted to propose labeling a nonbank financial company as "systemically important," the panel said in a statement released after a closed-door meeting. MetLife acknowledged it was the unnamed firm. (http://on.wsj.com/YgjZhy) * U.S. regulators on Thursday approved a new kind of cancer drug from Merck & Co Inc that is designed to unleash the body's immune system against tumors. The drug is part of a long-anticipated wave of medicines that could transform cancer treatment and forge a large new market for pharmaceutical companies. (http://on.wsj.com/1ptUM8z) * Walgreen Co scrambled to notify thousands of customers who had their prescriptions filled during a recent system crash, because errors might have left their labels unreadable. The drugstore chain found that its systems were printing labels with random characters in the instructions, making some hard to understand, said Chuck Greener, a spokesman for the company. (http://on.wsj.com/1oKFaNS) * Steven Spielberg has hired Michael Wright, a cable-television veteran with no film-business experience to run his struggling studio DreamWorks SKG. Wright, who recently left his post as head of programming for TNT, TBS and Turner Classic Movies amid strategy changes at Time Warner Inc's cable-TV unit, was named chief executive of DreamWorks on Thursday. (http://on.wsj.com/1o4eDMn)   FT A U.S. court has ruled against BP Plc accusing it of gross negligence and wilful misconduct in the Deepwater Horizon disaster in 2010 that killed 11 people and caused the world's largest offshore oil spill, exposing it to fines of up to $18 billion. Barclays Plc has become the first bank in the United Kingdom to launch a scanner that identifies customers by the unique vein patterns in their fingers, as the bank seeks to ramp up its fight against cyber crime and fraud. The United Kingdom is moving to scale up its operations against the ISIL in Iraq after meeting with world leaders and members of NATO at the NATO summit in Wales and efforts in Westminster to begin generating support for more intervention. Germany's telecom regulator and the European Commission are all set for a "war" over mobile termination fees, which generate millions of euros for some of Europe's largest cellular operators. Mario Draghi startled markets on Thursday cutting interest rates to a record low and pledging to buy hundreds of billions of euros of private sector bonds in a dramatic move to save the eurozone from economic stagnation.   NYT * After pitting five potential host states against one another in a quest for hundreds of millions of dollars in incentives, Tesla Motors Inc said Thursday that it had struck a deal with Nevada for construction of its sprawling factory to build batteries for electric cars and the power grid. (http://nyti.ms/1qsjADc) * A federal judge determined that the BP Plc's conduct made it chiefly responsible for the oil well blowout in the Gulf of Mexico that killed 11 workers. United States District Court Judge Carl Barbier opened the possibility of $18 billion in new civil penalties for BP, nearly quadruple the maximum Clean Water Act penalty for simple negligence and far more than the $3.5 billion the company has set aside. (http://nyti.ms/1u4g3Mz) * On Tuesday, Apple Inc will unveil a set of long-anticipated products: two iPhones with larger screens and a wearable computer that the media has nicknamed the iWatch. The so-called smartwatch, which is expected to include fitness tracking and wireless payment, will be the first new product unveiled under Chief Executive Tim Cook, who replaced Steve Jobs in 2011. (http://nyti.ms/1qiKJZo) * The Food and Drug Administration on Thursday approved the first of an eagerly awaited new class of cancer drugs that unleashes the body's immune system to fight tumors. The drug, which Merck & Co Inc will sell under the name Keytruda, was approved for patients with advanced melanoma who have exhausted other therapies. (http://nyti.ms/1vUL9s3) * Puerto Rico's electric power authority, which has been in negotiations with lenders over its debt burden, said on Thursday that it had hired the consulting firm AlixPartners to supervise its restructuring. (http://nyti.ms/1txvYEw) * A federal panel is proposing to assign MetLife Inc to a club it does not want to join, by initially voting on Thursday to deem it a "systemically important financial institution" and thus subjecting it to more intensive regulation than most other life insurers. (http://nyti.ms/1Cw7XQD) * Hackers breached security at the website of the government's health insurance marketplace, HealthCare.gov, but did not steal any personal information on consumers, Obama administration officials said Thursday. (http://nyti.ms/1o3Ylms) * Mario Draghi, the president of the European Central Bank, said on Thursday that the bank would soon start to buy bonds that are backed by loans made to consumers and companies. He did not say how much the central bank would be willing to spend on these loan-backed bonds. But the purchases could make up a substantial share of the roughly 1 trillion euros, or $1.3 trillion, that Draghi implied that the bank was prepared to spend. (http://nyti.ms/1Cw9pm4)   Canada THE GLOBE AND MAIL ** The long-held dream of boosting exports of Alberta crude to Asia by the decade's end is fading, as multibillion-dollar pipelines get bogged down by local opposition and regulatory wrangling. Enbridge Inc signaled Thursday that its contentious Northern Gateway pipeline to the west coast is unlikely to start up by 2018 as planned. (bit.ly/1ty0bDo) ** Regulators in the United States have officially granted permission for the first human clinical trial of Canada's experimental Ebola vaccine. NewLink Genetics Corp, the Iowa-based drug company the public health agency of Canada licensed to produce the vaccine, announced Thursday that it has received approval from the U.S. Food and Drug Administration to start Phase 1 safety trials. (bit.ly/1wbmqwZ) NATIONAL POST ** Canadian liquefied natural gas may soon be lighting up Hawaii, if plans to ship the super-chilled gas to the Pacific island state come to fruition. As 16 LNG consortiums consider investments on the West Coast, Kelowna, British Columbia-based FortisBC Energy Inc is expected to beat the traffic and start supplying LNG to Hawaiian Electric Company under a 15-year agreement starting mid-2017, subject to regulatory approvals. (bit.ly/1rcydH4) ** Canadian exports to the European Union have climbed a whopping 40 percent in the past year, more than double the increase in the value of shipments to the United States during the same period - although far behind our largest trading partner in total money terms. As impressive as the latest export numbers are, they do mask recent troubling developments in the EU economy. (bit.ly/1qjG21t) ** Mayor Rob Ford's campaign team accidentally released the mayor's wildly quixotic C$9 billion ($8.28 billion) transit plan online Tuesday night, hours before the mayor was due to make a rare policy announcement. The document was unavailable on the mayor's campaign website Wednesday morning, just minutes before the mayor was due to speak at his campaign headquarters. (bit.ly/1uCPzA0) ** Rob Ford has been subpoenaed to testify in an upcoming extortion trial linked to his use of crack cocaine. The mayor confirmed Thursday that a homicide detective personally served him with the subpoena at his home some time in the past several weeks. Ford said he could not remember exactly when the summons arrived, nor could he say when he was expected to appear in court. (bit.ly/YgIds3)   China SHANGHAI SECURITIES NEWS - China's anti-monopoly drive is continuing to gain pace, the official paper said on Friday, after the country's anti-trust agencies have shone the spotlight recently on sectors including medical devices, computer software and automotive. CHINA SECURITIES JOURNAL - China's National Energy Administration (NEA) released another measure on Thursday to subsidize the country's hard-hit solar companies. 21st CENTURY BUSINESS HERALD - China's far-western Xinjiang region will focus on developing its transportation industry in its thirteenth five-year plan, the local branch of the National Development Regulatory Commission (NDRC) said on Thursday. CHINA DAILY - The number of tourists visiting China is dropping, with the capital Beijing seeing a 6 percent fall in the first seven months of 2014, the China National Tourism Administration said. - Chinese tourists spent $47 billion more overseas than the amount spent by foreign visitors in China in the first half of this year, according to a report by the Chinese Tourism Academy. SHANGHAI DAILY - China plans to overhaul its strict examination system in schools and universities by 2020, according to a notice from the country's State Council on Thursday. The reforms are aimed at easing the pressure on Chinese students. - A traditional Chinese medicine (TCM) doctor has been detained after scamming patients out of 6 million yuan($977,469), a local Shanghai procuratorate said on Thursday.     Britain The Times PENNYCOOK TO LEAD CO-OP AFTER WINNING 'HEARTS AND MINDS' The Co-operative Group has named Richard Pennycook, the interim boss who had previously counted himself out of the running for the top job, as new Chief Executive as it attempts to rebuild its reputation after a series of damaging financial crises. (http://thetim.es/1r9ULrO) LET US COME HOME, SAY BRITISH JIHADISTS Dozens of British jihadists have become so disillusioned with fighting in Syria that they have contacted the UK begging to come home. One jihadist, claiming to represent 30 Britons, approached an intermediary to complain of growing despondency among the men in his group. (http://thetim.es/1xhiW0p) The Guardian CBI FORECASTS SLOWING GROWTH FOR UK ECONOMY Economic growth will slow in the second half of the year as the effect of improved confidence and better credit conditions starts to wear off, the CBI has predicted. (http://bit.ly/1prHIRl) INVESTORS FIRE WARNING SHOT AT BETFAIR EXECUTIVE BONUSES Nearly a third of shareholders in online betting exchange Betfair on Thursday voted against pay and bonus deals for Chief Executive Breon Corcoran. (http://bit.ly/1r9WygG) The Telegraph ROGUE TRADER JEROME KERVIEL TO LEAVE PRISON JUST 110 DAY INTO THREE-YEAR SENTENCE Convicted rogue trader Jerome Kerviel has been told he can walk free from prison just 110 days into a three-year sentence. The former Societe Generale banker, who took the French lender to the brink of collapse with a series of risky bets, will be released from Fleury Merogis prison, just south of Paris, next week, an appeals court said yesterday. (http://bit.ly/Z93rZ9) PHONES4U DEBTS UNDER REVIEW FOR DOWNGRADE AFTER SPLIT WITH VODAFONE Phones4U suffered a new blow on Thursday as the ratings agency Moody's warned clients the mobile phone retailer was under review for a downgrade, a measure that could make more difficult for the heavily-indebted company to raise funds. (http://bit.ly/1AbW2Ud) Sky News NUCLEAR REACTORS MAY BE OFFLINE UNTIL 2015 Four nuclear reactors, which each provide 1 percent of Britain electricity, could be out of action until the end of the year due to safety fears. The announcement by EDF Energy, which owns the Heysham 1 and Hartlepool power stations, raised further concerns about the chances of blackouts during the winter following confirmation of actions to secure supplies by the National Grid. (http://bit.ly/1oIf6mz) EUROZONE TEETERS AS ECB'S BAZOOKA IS HELD BACK The European Central Bank's shock interest cut on Thursday, taking its benchmark policy rate from 0.15 percent to 0.05 percent, created drama on currency markets, sending the euro down against the US dollar by almost a full percentage point - a move seldom seen - to its lowest level for 14 months. (http://bit.ly/1r8QipB) The Independent CO-OP REVIVAL COULD TAKE FIVE YEARS, SAYS NEW CHIEF EXECUTIVE Repairing the beleaguered Co-operative Group after two years of turmoil could take up to five years, the company's new head Richard Pennycook warned on Thursday. (http://ind.pn/1qg4WiC) BRITISH OIL GIANT ACCUSED OF BRIBERY IN TUSSLE OVER AFRICA'S OLDEST NATIONAL PARK Contractors and agents working on behalf of London-based oil company Soco International paid bribes to officials and rebels in the Democratic Republic of Congo in their bid to explore for oil in Africa's oldest national park, according to anti-corruption activists. (http://ind.pn/1tvlAgn)     Fly On The Wall Pre-Market Buzz ECONOMIC REPORTS Domestic economic reports scheduled for today include: Nonfarm payrolls for August at 8:30--consensus up 230K Unemployment rate for August at 8:30--consensus 6.1% ANALYST RESEARCH Upgrades AllianceBernstein (AB) upgraded to Neutral from Underperform at BofA/Merrill BP (BP) upgraded to Buy from Neutral at Citigroup Banco de Chile (BCH) upgraded to Overweight from Neutral at JPMorgan Ciena (CIEN) upgraded to Buy from Neutral at Goldman Intralinks (IL) upgraded to Buy from Hold at Stifel Matrix Service (MTRX) upgraded to Overweight from Equal Weight at First Analysis SanDisk (SNDK) upgraded to Overweight from Equal Weight at Morgan Stanley Southern Company (SO) upgraded to Outperformer from Sector Performer at CIBC Statoil (STO) upgraded to Neutral from Underweight at HSBC Vertex (VRTX) upgraded to Buy from Neutral at Goldman Downgrades Alaska Air (ALK) downgraded to Market Perform from Outperform at Raymond James Coca-Cola HBC (CCHGY) downgraded to Neutral from Buy at Goldman Finisar (FNSR) downgraded to Buy from Strong Buy at Needham LMI Aerospace (LMIA) downgraded to Hold from Buy at Deutsche Bank Take-Two (TTWO) downgraded to Neutral from Buy at Sterne Agee VeriFone (PAY) downgraded to Market Perform from Outperform at Raymond James Initiations Actavis (ACT) initiated with a Buy at ISI Group Air Canada (AIDIF) initiated with an Outperform at Imperial Capital Akamai (AKAM) initiated with a Buy at UBS Alexion (ALXN) initiated with a Buy at SunTrust Allegion (ALLE) initiated with a Buy at Buckingham Allergan (AGN) initiated with a Buy at ISI Group America's Car-Mart (CRMT) initiated with a Hold at Jefferies Astronics (ATRO) initiated with a Buy at DA Davidson Bonanza Creek (BCEI) initiated with an Outperform at Imperial Capital Celgene (CELG) initiated with a Buy at SunTrust Consumer Portfolio (CPSS) initiated with a Buy at Jefferies Credit Acceptance (cacc) initiated with a Hold at Jefferies EZCORP (EZPW) initiated with a Hold at Jefferies Eaton (ETN) initiated with a Neutral at Buckingham First Cash Financial (FCFS) initiated with a Hold at Jefferies GSV Capital (GSVC) initiated with an Outperform at JMP Securities Incyte (INCY) initiated with a Buy at SunTrust Ingersoll-Rand (IR) initiated with a Neutral at Buckingham Insmed (INSM) initiated with an Outperform at Cowen Intercept (ICPT) initiated with an Outperform at Cowen JGWPT Holdings (JGW) initiated with a Buy at Jefferies Lennox (LII) initiated with a Neutral at Buckingham Mylan (MYL) initiated with a Hold at ISI Group NBT Bancorp (NBTB) initiated with a Neutral at Sterne Agee Parker-Hannifin (PH) initiated with a Buy at Buckingham Pentair (PNR) initiated with a Neutral at Buckingham Pharmacyclics (PCYC) initiated with a Neutral at SunTrust Plum Creek Timber (PCL) initiated with an Overweight at JPMorgan Regional Management (RM) initiated with a Buy at Jefferies Sabre (SABR) initiated with an Outperform at Oppenheimer Santander Consumer (SC) initiated with a Buy at Jefferies SpartanNash (SPTN) initiated with a Hold at Jefferies Springleaf (LEAF) initiated with a Buy at Jefferies Teva (TEVA) initiated with a Buy at ISI Group Valeant (VRX) initiated with a Buy at ISI Group Weyerhaeuser (WY) initiated with a Neutral at JPMorgan World Acceptance (WRLD) initiated with a Hold at Jefferies bluebird bio (BLUE) initiated with a Buy at SunTrust COMPANY NEWS Tesla (TSLA) officially selected Nevada as official site for battery gigafactory MetLife (MET) said it "strongly disagrees" with the Financial Stability Oversight Council's preliminary designation of MetLife as a SIFI. "MetLife is not systemically important under the Dodd-Frank Act criteria," the company said SandRidge (SD) announced a $200M share repurchase program Gap (GPS) said August SSS declined 2% FDA removed partial clinical hold on OncoMed (OMED) ipafricept EARNINGS Companies that beat consensus earnings expectations last night and today include: ACETO (ACET), Ambarella (AMBA), Culp (CFI), El Pollo Loco (LOCO), Verint Systems (VRNT), Infoblox (BLOX), SeaChange (SEAC), Zumiez (ZUMZ) Companies that missed consensus earnings expectations include: bebe stores (BEBE) Companies that matched consensus earnings expectations include: Cooper Companies (COO), Finisar (FNSR) NEWSPAPERS/WEBSITES Apple (AAPL) plans to warn users of attempts to hack iCloud, WSJ reports Warner Bros. (TWX) to eliminate jobs 'at every level' across studio, Deadline Hollywood reports New Dollar General (DG) offer might not woo Family Dollar (FDO), Reuters reports Microsoft (MSFT), competitors aim to halt Google (GOOG) EU agreement, Reuters reports HP (HPQ) considered pulling out of Autonomy deal, FT reports Joy Global (JOY) current price may be good entry, Barron's says SYNDICATE Golar LNG (GLNG) offers 27.83M shares of common stock by World Shipholding Golden Minerals (AUMN) announces proposed common stock, warrant offering Harvest Natural (HNR) enters $75M equity distribution agreement Michael Kors (KORS) offers 11.63M shares for Sportswear Holdings PennantPark (PNNT) offers 11M shares of common stock Sempra Energy (SRE) files automatic mixed securities shelf Sensata (ST) offers 15.05M ordinary shares for holders Tumi (TUMI) offers 8M shares of common stock for holders iStar Financial (STAR) files automatic mixed securities shelf    

04 сентября 2014, 15:39

Frontrunning: September 4

Global stocks bounce on sign ECB could launch ABS program (Reuters) Putin unveils Ukraine ceasefire plan, France halts warship (Reuters) Poroshenko Flummoxes Investors With About-Face on Truce (BBG) No Free Lunch for Companies as IRS Weighs Meal Tax Rules (BBG) Turkey Struggles to Halt Islamic State 'Jihadist Highway' (WSJ) Lego Becomes World's Largest Toy Maker on Movie Success (WSJ) U.N. says $600 million needed to tackle Ebola as deaths top 1,900 (Reuters) Goldman Sachs Named 'Stabilization Agent' for Alibaba Stock Offering (WSJ) Computers for Hire Said to Send JPMorgan Data to Russia (BBG) Investment Technology Group to Launch Dark Pool for Bond Trading (WSJ) Britain considering arming, training Kurdish forces (Reuters) Suicide Every 40 Seconds Requires Prevention Measures (BBG) 'Humiliated' Dinesh D'Souza seeks probation after guilty plea (Reuters)   Overnight Media Digest WSJ * Russian President Vladimir Putin pushed a cease-fire deal with Ukraine that would freeze in place gains made by Russian-backed separatists, setting the stage for the kind of partitioning Moscow has used to tame other neighbors. (http://on.wsj.com/1oFMACc) * Turkey is struggling to close a "jihadist highway" that lets foreign militants slip across its border into Syria, amid pressure from Western governments and mounting security fears at home. (http://on.wsj.com/1r4W5wk) * Upending the U.S. senate race in Kansas, the Democratic candidate Chad Taylor has withdrawn from the contest, leaving Republican Sen. Pat Roberts with a narrowed field and a potentially formidable opponent in an independent candidate. (http://on.wsj.com/1rNAPl3) * The football league Thursday Night Football now has huge leverage over television networks, which are increasingly looking to the NFL network to help fortify them against the rise of online video services and other threats. (http://on.wsj.com/1nZgSQQ) * Economic activity largely picked up during the summer after hitting a soft patch at the start of the year, though the Federal Reserve's latest survey of regional conditions showed few signs of pressure on wages. (http://on.wsj.com/1oFIKca) * Brokerage Investment Technology Group is opening an alternative trading venue for bonds in an effort to tap demand from investors to trade more cheaply and through electronic networks. (http://on.wsj.com/1nxAStT) * Goldman Sachs Group Inc landed a coveted role in Alibaba Group Holding Ltd's upcoming initial public offering as the bank in charge of overseeing the deal's early share trading. (http://on.wsj.com/1pLjXtl) * UK pharmaceutical giant AstraZeneca Plc pulled out all the stops to fend off a hostile takeover from Pfizer Inc earlier this year, refusing to release certain financial statements and stirring up opposition from British politicians. (http://on.wsj.com/1t1Embb) * Less than a year after leaving office as mayor of New York City, Michael Bloomberg will return as head of Bloomberg LP, the financial data and media firm he founded and still controls, the company announced on Wednesday. (http://on.wsj.com/1r4Seze) * Tesla Motors Inc is expected to choose a site in Nevada for its proposed up to $5 billion battery factory and could disclose the move on Thursday, according to a person familiar with the electric auto maker's plans. (http://on.wsj.com/1uB4afx)   FT The Association of British Insurers has accused the Bank of England of driving up the cost of insurance by imposing unnecessary capital requirements on the sector. French luxury groups Hermes International SCA and LVMH reached a truce in a four-year dispute that began when LVMH began accumulating a large stake in its smaller rival. British airline Virgin Atlantic is to beef up its core transatlantic services and stop flying to Tokyo, Mumbai, Vancouver and Cape Town, to help it try to reach a level of profitability. Spirit Pub Company Plc, known for its pubs such as Chef & Brewer, Fayre & Square and Flaming Grill, will next month provide details regarding plans to add 400 pubs to its portfolio. Anglo-Dutch business information provider Reed Elsevier Plc has offered to buy FircoSoft for 150 million euros ($197.24 million) marking the company's biggest acquisition till date.   NYT * Michael Bloomberg told close confidants and senior executives of Bloomberg LP, a financial data and media company, that Daniel Doctoroff, its chief executive and a longtime friend and lieutenant, would leave the company at the end of the year and that he would take over. He has decided to reassume the leadership of his business empire only eight months after ending his final term as mayor of New York. (http://nyti.ms/1unfwEM) * Stefan Green, formerly of Goldman Sachs Group Inc, has joined Perella Weinberg Partners as a partner. He will be based in San Francisco and will focus on providing strategic and financial advice to technology, media and telecommunications companies. (http://nyti.ms/1lIRe7W) * Samsung Electronics Co Ltd is doubling down on big phones and clever design, announcing on Wednesday two new versions of its popular Note 4, one of which includes a unique curved design and features two separate touch screens. (http://nyti.ms/YcY9LZ) * Federal regulators announced on Wednesday an overhaul of a murky Wall Street market that gained infamy during the financial crisis of 2008. The Federal Reserve and the Office of the Comptroller of the Currency, as well as three other agencies, proposed a rule that would apply to over-the-counter derivatives, the financial instruments that banks and other financial entities use to speculate or hedge their risks. (http://nyti.ms/1A7W6UQ) * The governor of Nevada and Tesla Motors Inc, the electric car company with gigantic ambitions, will be "making an affirmative announcement" on Thursday about the construction of a huge battery factory, a person involved in the negotiations said on Wednesday. (http://nyti.ms/1Bcw71d) * Though battered by the recall of millions of vehicles and revelations that it failed to fix a deadly defect in its ignition switches, General Motors Co maintained a monthly winning streak in selling vehicles since March. (http://nyti.ms/1rNw36T) * A lawyer for Detroit city on Wednesday urged a judge to approve its blueprint for shedding $7 billion of its debts and devoting about $1.5 billion toward restoring city services over the next decade, describing the plan to emerge from bankruptcy as Detroit's "last, best chance" for a comeback. (http://nyti.ms/1A7X7wj)   Canada THE GLOBE AND MAIL ** Manulife Financial Corp is acquiring the Canadian operations of Britain's Standard Life Plc in a C$4-billion deal that builds both insurers' wealth businesses and boosts Manulife's presence in Quebec. (bit.ly/1vQZpCg) ** Premier Christy Clark wants British Columbia teachers to suspend their strike and return to the bargaining table - though her attempt to bridge the divide was quickly rebuffed, and a comment about teachers' massage-benefit demands only drew the union's ire. Clark said teachers need to come to the table with a realistic proposal. (bit.ly/1oGz5SF) ** Stephen Holyday, the son of former Toronto deputy mayor Doug Holyday, is putting his name on the ballot for the seat once held by his father in Ward 3. Holyday, a manager with the Ontario Ministry of Energy and a long-time Etobicoke resident, registered on Wednesday. (bit.ly/1unpm9w) NATIONAL POST ** Canadian engineering firm WSP Global Inc is buying New York City-based infrastructure specialist Parsons Brinckerhoff in a potentially transformative $1.35 billion deal as it pushes to bulk up amid continued industry consolidation. (bit.ly/1qqnAE7) ** The Nova Scotia government will introduce a legislation this fall to prohibit high-volume hydraulic fracturing for onshore shale gas. The ban is not directed at offshore energy developments. (bit.ly/1CsWOjz) ** Doctors at a major Toronto hospital, Sunnybrook Health Sciences Centre, violated the law by unilaterally imposing a do-not-resuscitate order on an elderly patient against his family's wishes, an appeal board has ruled in an extraordinary clash over end-of-life care. Douglas DeGuerre died from cardiac arrest, as his daughter, Joy Wawryzyniak, frantically tried to convince medical staff to save him, and health workers declined to help the severely ill war veteran. (bit.ly/1qqmd8v) ** Antonio Accurso, the construction magnate at the center of corruption and collusion allegations in Quebec, acknowledged Wednesday two members of the Rizzuto crime family were among the contacts he amassed over his decades in business.(bit.ly/1CsTViW)   Hong Kong  SOUTH CHINA MORNING POST - Occupy Central co-founder Benny Tai Yiu-ting came out fighting on Wednesday after he shocked many with his pessimistic assessment of the pro-democracy movement in an interview. Tai said he was confident that as many as 10,000 people would join the upcoming mass sit-in in Central, a day after he suggested that public support for Occupy was waning. (http://bit.ly/1nwAImP) - Hong Kong retained its seventh-place ranking for a second year in the annual Global Competitiveness Index released by the World Economic Forum, with middling scores on education and innovation preventing it from rising higher. (http://bit.ly/1lADBaw) - Technology giant Apple is expected to provide a boost to exports from the mainland and Taiwan after the company's newest iPhone is launched next week. The release of iPhone 6 could add 1 percentage point a month to the mainland's export growth for the rest of this year, said a report by Bank of America Merrill Lynch. (http://bit.ly/1pKMVtu) THE STANDARD - Hong Kong construction contractor New Concepts opens its retail book on Thursday seeking to raise up to HK$90 million ($11.6 million) in an initial public offering to fund acquisition of machinery and equipment, and for hiring more staff. (http://bit.ly/1w832Rz) - Luxury projects Kensington Hill and One South Lane were unveiled in west Hong Kong Island, priced about 10 percent higher than the prevailing market prices in the area. Wheelock Properties priced its first batch of 30 units of Kensington Hill at an average HK$23,572 ($3,041.55) per sellable square foot. (http://bit.ly/We5RnB) - Shenguan Holdings, a mainland-based sausage-casing maker, has been accused by short-seller Emerson Analytics of exaggerating revenue and concealing high costs of raw materials. (http://bit.ly/We6eym) HONG KONG ECONOMIC JOURNAL - Chinese sportswear firm 361 Degrees International Ltd said it has teamed up with Baidu Inc's Baidu Times to jointly develop digitally enhanced sports products, including children's "Smart Shoes" equipped with GPS and pedometer functions. HONG KONG ECONOMIC TIMES - Headwear products maker Mainland Headwear Holdings Ltd expects orders for its Bangladesh factories to increase early next year as the facilities continue to expand, while wages there are only one-tenth of those in China with ample labour supply, according to deputy chairman Pauline Ngan. MING PAO DAILY NEWS - China Unicom said the China Banking Regulatory Commission has approved its plan to team up with the China Merchants Bank- controlled Wing Lung Bank to jointly develop online financial services on the mainland. The registered capital of the venture will amount to 2 billion yuan ($326 million). Britain The Times REED ELSEVIER PAYS 120 MLN STG FOR SANCTIONS MONITOR Reed Elsevier Plc has made its largest acquisition in three years, snapping up a French software company that monitors financial transactions to check that they are not breaching economic sanctions. (thetim.es/Z7ByR4)   DICKSON ON VIRGIN BOARD WITH FLOAT IN SIGHT Olivia Dickson, a former JPMorgan banker, has joined Virgin Money (IPO-VMH.L) as a non-executive director, adding to speculation that the bank is sprucing itself up for a flotation within months. (thetim.es/1pnJi6x) The Guardian ZALANDO ONLINE FASHION GIANT VALUED AT UP TO 6 BLN EUROS IN FRANKFURT FLOAT Zalando, Europe's biggest online fashion store, is planning to raise 500 million euros ($657.40 million) to fund expansion with a public listing on the Frankfurt stock exchange, which could value the firm at up to 6 billion euros. (bit.ly/1pIS2u0) ROYAL MAIL SELL-OFF HELPS HARGREAVES LANSDOWN MAKE RECORD PROFITS The founders of Hargreaves Lansdown Plc have reaped more than 68 million pounds in annual dividends after Royal Mail Plc's flotation boosted business at the investment company. (bit.ly/1pKl7W0) The Telegraph SCOTTISH 'YES' VOTE COULD CAUSE EUROZONE-STYLE CURRENCY CRISIS, GOLDMAN SACHS WARNS Goldman Sachs has warned that the United Kingdom could fall into a eurozone-style crisis if Scotland votes for independence later this month. The Wall Street bank said a "Yes" vote on Sept. 18 "could have severe consequences" for both the Scottish economy and the United Kingdom overall. (bit.ly/1lyZZ40) DOES BALFOUR'S SALE OF U.S. BUSINESS MEAN A CARILLION MERGER WILL NEVER HAPPEN? Balfour Beatty Plc has sold its U.S. consultancy business Parsons Brinckerhoff for 820 million pounds, dealing a blow to a possible resurrection of Carillion Plc's 3 billion pounds merger with its British rival. (bit.ly/1qyXjCv) Sky News NPOWER ESCAPES SANCTION AS BILL PROBLEMS EASE Energy regulator Ofgem says it will not be taking immediate action against nPower Ltd as it has met its initial targets to resolve a late-billing issue that affected customers. (bit.ly/1lIufdc) ARMY PLACES 3.5 BLN STG ORDER FOR NEW ARMOURED VEHICLES WITH GENERAL DYNAMICS The British Army is to get 589 armoured vehicles after the Ministry of Defence agreed a 3.5 billion pounds deal with U.S. defence firm General Dynamics Corp that will support 1,300 UK jobs. (bit.ly/1pqby8B) The Independent LVMH AND HERMES SETTLE FOUR-YEAR DISPUTE French luxury groups Hermes International SCA and LVMH reached a truce in a four-year dispute that began when LVMH began accumulating a large stake in its smaller rival. (ind.pn/1A5HSE6) TREASURY COMPLAINS OF BRAIN DRAIN TO BETTER-PAYING BANK AND HMRC The Treasury's top mandarin has blamed higher salaries offered by the Bank of England and Her Majesty's Revenue and Customs for the finance department's chronic difficulties in holding on to promising employees. (ind.pn/1vM8pIR)     Fly On The Wall Pre-Market Buzz ECONOMIC REPORTS Domestic economic reports scheduled for today include: ADP employment change for August at 8:15--consensus 220K Jobless claims for week of August 30 at 8:30--consensus 300K International trade balance for July at 8:30--consensus is ($42.3B) Nonfarm productivity for Q2 at 8:30--consensus up 2.4% Unit labor costs for Q2 at 8:30--consensus up 0.5% Markit services PMI for August at 9:45--consensus 58.5 ISM non-manufacturing index for August at 10:00--consensus 57.5 ANALYST RESEARCH Upgrades D.R. Horton (DHI) upgraded to Buy from Neutral at UBS IAC (IACI) upgraded to Overweight from Equal Weight at Barclays Imperial Tobacco (ityby) upgraded to Outperform from Underperform at Exane BNP Paribas Infinity upgraded to Outperform from Market Perform at JMP Securities Downgrades 3D Systems (DDD) downgraded to Sector Perform from Outperform at Pacific Crest BASF (BASFY) downgraded to Underperform from Neutral at Credit Suisse British American Tobacco (BTI) downgraded to Neutral at Exane BNP Paribas Essex Property Trust (ESS) downgraded to Neutral from Buy at UBS GoPro (GPRO) downgraded to Neutral from Overweight at JPMorgan Informatica (INFA) downgraded to Equal Weight from Overweight at Barclays Ironwood (IRWD) downgraded to Market Perform from Outperform at Cowen Norwegian Cruise Line (NCLH) downgraded to Neutral from Buy at Goldman Tangoe (TNGO) downgraded to Equal Weight from Overweight at Barclays Teradata (TDC) downgraded to Equal Weight from Overweight at Barclays Initiations ANSYS (ANSS) initiated with an Equal Weight at Barclays American Realty (ARCP) initiated with a Market Perform at Wells Fargo Annie's (BNNY) initiated with an Outperform at Oppenheimer Ball Corp. (BLL) initiated with a Market Perform at BMO Capital Bemis (BMS) initiated with a Market Perform at BMO Capital Berry Plastics (BERY) initiated with a Market Perform at BMO Capital Boulder Brands (BDBD) initiated with an Outperform at Oppenheimer Crown Holdings (CCK) initiated with an Outperform at BMO Capital Domtar (UFS) initiated with an Outperform at BMO Capital Enservco (ENSV) initiated with a Buy at Maxim Foot Locker (FL) initiated with a Buy at Jefferies Glatfelter (GLT) initiated with a Market Perform at BMO Capital Graphic Packaging (GPK) initiated with an Outperform at BMO Capital Greif (GEF) initiated with a Market Perform at BMO Capital International Paper (IP) initiated with a Market Perform at BMO Capital LTC Properties (LTC) initiated with a Buy at Mizuho Louisiana-Pacific (LPX) initiated with an Outperform at BMO Capital National General (NGHC) initiated with an Outperform at JMP Securities National Health Investors (NHI) initiated with a Neutral at Mizuho Owens-Illinois (OI) initiated with an Outperform at BMO Capital Packaging Corp. (PKG) initiated with an Outperform at BMO Capital Plum Creek Timber (PCL) initiated with a Market Perform at BMO Capital RadiSys (RSYS) initiated with a Buy at DA Davidson Rayonier (RYN) initiated with a Market Perform at BMO Capital RockTenn (RKT) initiated with a Market Perform at BMO Capital Sealed Air (SEE) initiated with an Outperform at BMO Capital Silgan Holdings (SLGN) initiated with a Market Perform at BMO Capital Sonoco (SON) initiated with a Market Perform at BMO Capital TripAdvisor (TRIP) initiated with a Fair Value at CRT Capital Vertex Energy (VTNR) initiated with an Outperform at Imperial Capital Weyerhaeuser (WY) initiated with an Outperform at BMO Capital WhiteWave Foods (WWAV) initiated with an Outperform at Oppenheimer COMPANY NEWS Johnson & Johnson (JNJ) to fast-track development of Ebola combination vaccine regimen Yum! Brands (YUM) forecast China division SSS for Q3 down 13% vs. prior year TIBCO (TIBX) announced that its board will review strategic alternatives Teledyne (TDY) said it will acquire Bolt Technology (BOLT) for $22 per share in cash Teledyne also entered into a $100M accelerated share repurchase agreement Morgans Hotel (MHGC) disclosed that the special transaction committee has directed Morgan Stanley (MS) to reach out to possible counterparties regarding their interest in potential transactions that could provide Morgans an opportunity to maximize value for its stockholders Costco (COST) reported August SSS up 7% PG&E (PCG) said it plans to appeal $1.4B fine by CPUC EARNINGS Companies that beat consensus earnings expectations last night and today include: Methode Electronics (MEI), Dominion Diamond (DDC), ABM Industries (ABM), PVH Corp. (PVH), Christopher & Banks (CBK), Bazaarvoice (BV), LightPath (LPTH) Companies that missed consensus earnings expectations include: Descartes Systems (DSGX), Joy Global (JOY), Matrix Service (MTRX), AeroVironment (AVAV), Mitcham Industries (MIND), Iteris (ITI), Shoe Carnival (SCVL) Companies that matched consensus earnings expectations include: H&R Block (HRB) NEWSPAPERS/WEBSITES Home Depot (HD) data breach involves nearly all U.S. stores, Krebs reports Ichan exits Family Dollar (FDO) position with $200M profit, Reuters reports Symantec (SYMC), FishNet enlisted by Home Depot (HD) for breach probe, Bloomberg says Tesla (TSLA) picks Nevada for gigafactory, WSJ reports Goldman (GS) overseeing early share trading in Alibaba (BABA) IPO, Reuters reports MetLife (MET) to meet with regulators to decide if 'too big to fail,' NY Post reports Gannett's (GCI) USA Today cuts 70 employees, WSJ reports Toll Brothers (TOL) looks unattractive, Barron's says SYNDICATE Allison Transmission (ALSN) sells 5.39M shares by holders Arlington Asset Investment (AI) offers 2.75M shares of Class A common stock Buckeye Partners (BPL) 6.75M share Secondary priced at $80.00 Chesapeake Lodging (CHSP) announces offering of 4.2M common shares Memorial Production (MEMP) offers 13M common units Northstar Realty (NRF) files to sell 45M shares with a foward component Pebblebrook Hotel (PEB) files to sell 3M shares of common stock Summit Midstream (SMLP) offers 4M common units owned by SMP Holdings Sunoco Logistics (SXL) files to sell $1B common units    

Выбор редакции
26 августа 2014, 20:00

Plum Creek Timber: Can it Turn Around Despite Muted Outlook? - Analyst Blog

Despite Plum Creek's second-quarter earnings coming in at 31 cents per share, a penny above the Zacks Consensus Estimate, a muted outlook disappointed us.

Выбор редакции
29 июля 2014, 00:28

Slowing housing market has Plum Creek easing guidance

Full year 2014 guidance is cut to reflect lower harvest volumes, expectations for slower log price growth, and the anticipated composition of real estate transactions in H2. EPS is now expected at $1.05-$1.25, with Q3 EPS of $0.27-$0.32."Residential construction activity in the first half of the year has not increased as initially projected. As a result, Southern lumber production has increased only modestly and sawlog demand and prices have grown at a slower pace than originally anticipated."Conference call at 5 ETPCL flat AHPreviously: Plum Creek Timber beats by $0.01, beats on revenue Post your comment!

Выбор редакции
29 июля 2014, 00:06

Plum Creek Timber beats by $0.01, beats on revenue

Plum Creek Timber (NYSE:PCL): Q2 EPS of $0.31 beats by $0.01.Revenue of $356M (+17.5% Y/Y) beats by $0.92M.Shares -3.4%.Press Release Post your comment!

29 апреля 2014, 21:37

Plum Creek moves higher after Q1 earnings

Adjusted EBITDA of $93M fell from $128M one year ago. Timberlands and other assets acquired from MeadWestvaco late last year contributed $9M to adjusted EBITDA during Q1. Greater contributions are expected for rest of year.Northern Resources segment operating profit of $16M is up from $11M one year ago, with sawlog prices up 11%. Southern Resources segment operating profit of $31M is up $7M with increased harvest volumes (acquisitions) combining with a 6% boost in sawlog prices.Real Estate segment revenue of $23M and operating profit of $12M vs. $78M and $45M a year ago (included $53M sale of timberlands). Manufacturing segment operating income of $9M falls from $10M a year ago, with plywood sales volumes dropping 17%. Weather was an issue.Outlook: 20M-21M tons of timber expected to be harvested in 2014. Full-year Real Estate sales are expected between $240M-$280M. Full year income of $1.30-$1.50 per share and Q2 income of $0.27-$0.32.Commenting on the results, SA Pro's Stephen Simpson - who recently published a bullish piece on Plum Creek (PCL +1.9%) - likes the strong guidance (Q2 consensus is $0.28), but notes management pushed out the timeline for Southern sawlog price recovery, and pricing in the Northwest seems to be getting a little softer.Source: Press ReleasePreviously: Plum Creek Timber Company, Inc. beats by $0.02, beats on revenue Post your comment!

Выбор редакции
29 апреля 2014, 19:20

Plum Creek Q1 Earnings Beat Ests - Analyst Blog

Plum Creek Timber Company reported first-quarter 2014 earnings of 17 cents per share, 2 cents ahead of the Zacks Consensus Estimate.

17 апреля 2014, 15:45

Frontrunning: April 17

Putin Doesn't Rule Out Sending Troops (WSJ) Japan Cuts Economic View on Tax Rise (WSJ) No "harsh weather" in Chipotle restaurants where comp store sales rose 13.4% (PR) No sanctions for you: EU sanctions push on Russia falters amid big business lobbying (FT) Consumer Spending on Health Care Jumps as Obamacare Takes Hold (BBG) China Seen Cracking on Property Controls (BBG) Google, IBM results raise questions about other tech-sector companies (Reuters) California city evacuation lifted after military ordnance found (Reuters) For Obama, Standoff With Moscow Jumbles Plans at Home and Abroad (WSJ) Weibo cuts IPO size amid selloff in technology stocks (Reuters) High-Frequency Fightback Starts in Foreign Exchange (BBG) Post Holdings to buy Michael Foods for $2.45 billion (Reuters)   Overnight Media Digest WSJ * Banks are boosting their lending to businesses, providing fuel for companies to increase spending on workers and equipment as the economy improves. The rise is being driven both by banks, which are loosening their lending standards, and companies, which are seeking more money, bank executives said. (http://r.reuters.com/xyz58v) * A U.S. safety regulator released new documents on Wednesday showing General Motors Co ordered a more robust ignition switch before the release of a new Cadillac, stemming from complaints the engine could turn off while driving when the ignition was bumped. (http://r.reuters.com/cab68v) * The Federal Reserve's New York office indicated to Citigroup Inc that the bank would have more time to fix certain "stress test" planning problems before Fed officials in Washington last month gave it a failing grade, said people close to the company. (http://r.reuters.com/tyz58v) * Home Depot Inc is putting a lid on new-store openings and focusing its expansion efforts on e-commerce, which presents some logistical challenges for a retailer that sells a lot of bulky materials. (http://r.reuters.com/fab68v) * Amazon.com Inc said it will begin collecting sales tax in Florida starting next month, affecting as many as 20 million people in the nation's fourth-largest state by population. The 6 percent sales tax comes as a result of Amazon's plans to build two new warehouses in the Sunshine State, in Ruskin and Lakeland, which ring Tampa and are near to Orlando. (http://r.reuters.com/gab68v) * Sony Corp said Wednesday it will sell its entire stake in Square Enix Holdings Co, or 8.2 percent of the video game maker's issued shares, for 15.3 billion yen ($149.60 million).   FT Europe's resolve to impose tough sanctions on Russia is under intense pressure as companies warn governments that any retaliation from the Kremlin could cost them dearly. Federal Reserve Chair Janet Yellen has said that even a recovering U.S. economy may not pull inflation back up towards the Fed's 2 percent target, suggesting that the central bank's easy monetary policy might last longer than currently expected. Sean Fitzpatrick, former chairman of the collapsed Anglo Irish Bank and the banker blamed for the collapse of Ireland's financial system, has been cleared of making fraudulent loans after one of the longest and most complex corporate trials in the country's history. Jean-Claude Juncker, front-runner to become the next European Commission president this year, has indicated that the EU should rethink its competition rules for the telecoms sector, potentially clearing the passage for companies to consolidate and boost profitability. Two of the world's highest-profile container shipping lines, Germany's Hapag-Lloyd and Chile's CSAV, announced on Wednesday that they will join forces to create the world's fourth-largest container-shipping company. Veteran entrepreneurs Nick Leslau and Sir Tom Hunter are set to return to the stock market with a flotation of property assets worth 1.5 billion pounds.   NYT * One of the unsettled questions from the financial crisis is whether the big banks have paid enough to cover the mortgage abuses they committed before the market collapsed. A settlement announced Wednesday that involves Bank of America Corp indicates that, in some cases, the banks could have been made to pay more than they have. (http://r.reuters.com/qab68v) * Weibo Corp, the microblogging service formed by the Sina Corp, priced its initial public offering at $17 per American Depositary share on Wednesday, at the bottom of its expected range. At that level, the social network operator will have raised $285 million, and would be valued at $3.6 billion. (http://r.reuters.com/sab68v) * General Mills Inc, the maker of cereals like Cheerios and Chex as well as brands like Bisquick and Betty Crocker, has quietly added language to its website to alert consumers that they give up their right to sue the company if they download coupons, "join" it in online communities like Facebook, enter a company-sponsored sweepstakes or contest or interact with it in a variety of other ways. (http://r.reuters.com/tab68v) * In a speech in New York, Janet Yellen, the Federal Reserve chairwoman, said the labor market still needed a lift from monetary policy, despite an improving economy. (http://r.reuters.com/wab68v) * Internet users are migrating to mobile devices, but ads on phones and tablets still do not have the familiarity and appeal they do on bigger computers. And they are not as profitable for Google. Google Inc's ad volume jumped 26 percent in the quarter, which sounds good but is less than expected, while the amount advertisers pay dropped 9 percent. (http://r.reuters.com/beb68v)   Canada THE GLOBE AND MAIL * Pauline Marois held her final cabinet meeting as Premier of Quebec on Wednesday and is about to leave political life again, this time for good. It was the first time Marois spoke publicly since the Parti Quebecois' devastating April 7 election defeat. (http://r.reuters.com/pub68v) * The man facing five murder charges in Calgary's worst mass killing was held at a forensic psychiatric facility on Wednesday to determine whether he was fit to navigate the legal system, although his lawyer said he was lucid and able to communicate. (http://r.reuters.com/qub68v) Reports in the business section: * As much of last year's record crop sits unsold, financially stretched Western Canadian grain farmers are scrambling to secure funding for the coming planting season. (http://r.reuters.com/wub68v) NATIONAL POST * The Liberals Party of Canada plans to name two ombudsmen to keep the peace in upcoming nomination battles for the 2015 election, as all three main parties struggle to balance their promises of open party contests with their desire to maintain some control. (http://r.reuters.com/zub68v) * The blackout that plunged Toronto's entire west end into darkness Tuesday night appears to have been caused by little more than a power line installation error. On Wednesday, officials with Hydro One were reporting that a Toronto Hydro line was installed too close to one of its own high-voltage transmission lines. As a result, electricity was able to arc between the two cables and cause a short circuit that brought down huge sections of the Toronto grid. (http://r.reuters.com/gyb68v) FINANCIAL POST * Osisko Mining Corp's Chief Executive Sean Roosen has come out lashing at Canada's takeover process. "You've got a regulatory regime here that is set for predatory behaviour", Roosen said in an interview Wednesday. (http://r.reuters.com/jyb68v) * Bank of Canada governor Stephen Poloz says he has not ruled out a future cut to interest rates despite his belief that the global and Canadian recoveries are picking up steam and that disinflationary pressures appear to be waning. (http://r.reuters.com/kyb68v)   China - Listed companies' shareholders that are selling more than 1 percent of released restricted shares in one month will no longer be regarded as abnormal trading activity, according to a new regulation issued by Shanghai Stock Exchange on Tuesday. SHANGHAI SECURITIES NEWS - China Securities Regulatory Commission said on its official microblog that it has not started appraisals for IPO issuance, squashing rumours that the commission will restart IPO approvals early as next week. - Taiwan securities regulators are looking to ease restrictions on mainland Chinese investment in Taiwanese listed firms. It plans to allow mainland investors to hold up to 50 percent stake in Taiwanese firms, sources familiar with the matter told the paper. - China will grant a tax exemption to several business in culture industry including film making and cable TV broadcasting, a move aimed at supporting the development of the country's nascent culture sector. ChINA DAILY - China starts releasing a monthly nonferrous metals price index on Wednesday, as China hopes to increase its influence in global commodity price formation. - About 60 percent of Chinese companies plan to move their research centres and production bases overseas in five years, roughly doubling from the current percentage of companies having these functions abroad, according an expert survey on Wednesday. SHANGHAI DAILY - Firms of modern logistics, information, technology and culture industry operating in Qianhai economic zone, a pilot test ground for economic reform in southern Chinese city Shenzhen, will receive a 15 percent corporate tax benefit, according to a document released by Shenzhen tax authorities on Wednesday. - China will build Asia's biggest business jet exhibition centre in the western province of Shanxi, according to the report of the annual Asian Business Aviation Conference and Exhibition on Wednesday. The centre will display business jets from global manufactures and provide test flights service. Britain The Times HEATHROW FLIGHT PRICES SET TO SOAR WITHOUT NEW RUNWAY The average cost of a return flight could rise by as much as 320 pounds by 2030 if a third runway is not built at Heathrow airport. METSO'S REFUSAL PUTS USUAL SUSPECTS IN LINE TO STEAL WEIR'S THUNDER Weir Group will have to come back with substantially better terms for its putative 9 billion pound merger with Metso of Finland or potentially see its target fall to an American counter-attack. The Telegraph MORE THAN $22 BLN WIPED OFF GOOGLE MORE than $22 billion was wiped off the value of Google last night, amid fears that it is struggling to make as much money from mobile users as those on traditional desktops. CLARKE INSISTS HE WILL NOT GIVE UP REINS AT TESCO The beleaguered chief executive of Tesco, Philip Clarke, has insisted he will not resign and said he should be judged by the quality of the retailer's revamped stores, despite profits falling for the second year in a row. The Guardian WAGES BEAT INFLATION AS UNEMPLOYMENT FALLS BELOW 7 PCT Pay rose by 1.7 percent, ahead of the March inflation rate of 1.6 percent, while there was a quarterly fall of 77,000 in the number of people out of work. The Food Standards Agency has called for a fresh round of tests on lamb takeaways, after the consumer watchdog Which? found that nearly half bought from restaurants in London and Birmingham were adulterated with cheaper meats.   Fly On The Wall 7:00 AM Market Snapshot ECONOMIC REPORTS Domestic economic reports scheduled today include: Jobless claims for week of April 12 at 8:30--consensus 312K Philly Fed manufacturing survey for April at 10:00--consensus 10.0 ANALYST RESEARCH Upgrades Alcoa (AA) upgraded to Sector Perform from Underperform at RBC Capital Bank of America (BAC) upgraded to Outperform from Perform at Oppenheimer Boardwalk Pipeline (BWP) upgraded to Overweight from Underweight at JPMorgan BofI Holding (BOFI) upgraded to Buy from Neutral at Sterne Agee Edison International (EIX) upgraded to Buy from Hold at Jefferies Equifax (EFX) upgraded to Buy from Hold at Deutsche Bank Gogo (GOGO) upgraded to Overweight from Neutral at JPMorgan Hancock Holding (HBHC) upgraded to Outperform from Market Perform at Raymond James National Bank of Greece (NBG) upgraded to Neutral from Underweight at JPMorgan Netflix (NFLX) upgraded to Outperform from Sector Perform at Pacific Crest Rally Software (RALY) upgraded to Overweight from Neutral at Piper Jaffray SolarCity (SCTY) upgraded to Outperform from Neutral at RW Baird Downgrades Enterprise Products (EPD) downgraded to Hold from Buy at Jefferies Huntington Bancshares (HBAN) downgraded to Outperform at Raymond James Meredith (MDP) downgraded to Neutral from Buy at Citigroup Ryder (R) downgraded to Hold from Buy at Stifel Seadrill (SDRL) downgraded to Neutral from Buy at BofA/Merrill Southern Company (SO) downgraded to Sector Perform from Outperform at RBC Capital Targa Resources Partners (NGLS) downgraded to Hold from Buy at Jefferies Initiations Golub Capital (GBDC) initiated with an Outperform at Raymond James Hanmi Financial (HAFC) initiated with an Outperform at Raymond James Norwegian Cruise Line (NCLH) initiated with a Buy at Longbow Plum Creek Timber (PCL) initiated with an Outperform at RBC Capital RF Micro Devices (RFMD) initiated with a Market Perform at BMO Capital SanDisk (SNDK) assumed with an Overweight at Piper Jaffray Skyworks (SWKS) initiated with a Market Perform at BMO Capital TriQuint (TQNT) initiated with a Market Perform at BMO Capital COMPANY NEWS Post Holdings (POST) to acquire Michael Foods for $2.45B Sony (SNE) said PlayStation 4 sales surpass 7M units worldwide SanDisk (SNDK) reported Q1 earnings and revenue that beat expectations and guided to Q2 revenues that were in-line with expectations Discover (DFS) announced $3.2B share repurchase, increased dividend to 24c per share IBM (IBM) said FY14 revenue growth to be impacted by hardware business challenges La-Z-Boy (LZB) said it will restructure casegoods business, will take charge of $13M-$15M Google (GOOG) reported Q1 average cost-per-click down 9% EARNINGS Companies that beat consensus earnings expectations last night and today include: KeyCorp (KEY), Baker Hughes (BHI), BlackRock (BLK), General Electric (GE), First Cash Financial (FCFS), UnitedHealth (UNH), El Paso Pipeline (EPB), Steel Dynamics (STLD), East West Bancorp (EWBC), Albemarle (ALB), Crown Holdings (CCK), Hancock Holding (HBHC), Noble Corp. (NE), Cohen & Steers (CNS), Astoria Financial (AF), HNI Corporation (HNI), United Rentals (URI), Allison Transmission (ALSN), Electronics for Imaging (EFII), Capital One (COF), American Express (AXP), SanDisk (SNDK), Kansas City Southern (KSU), RLI Corp. (RLI), Danaher (DHR), Platinum Underwriters (PTP) Companies that missed consensus earnings expectations include: Fifth Third Bancorp (FITB), Orbital Sciences (ORB), Mattel (MAT), BB&T (BBT), Triangle Petroleum (TPLM), Kinder Morgan Energy (KMP), Kinder Morgan (KMI), People's United (PBCT), Badger Meter (BMI), Universal Forest (UFPI), Google (GOOG), B&G Foods (BGS), NeuStar (NSR) Companies that matched consensus earnings expectations include: DuPont (DD), Pacific Continental (PCBK), Cathay General (CATY), BankMutual (BKMU), Guaranty Bancorp (GBNK), IBM (IBM), Plexus (PLXS) NEWSPAPERS/WEBSITES Big banks (MS, GS, USB, C, WFC, JPM, BAC) boosting their business lending, WSJ reports Platform Specialty Products (PAH) to buy Chemtura's (CHMT) agrochemicals unit, WSJ says Bank of America (BAC) to pay $950M to settle mortgage allegations, NY Times says General Motors (GM) redesigned Cadillac ignition switch in 2006, Detroit News says Citigroup (C) may have received mixed signals from Federal Reserve, WSJ reports Yahoo (YHOO) seeks default search status for Apple (AAPL) products, Re/code says Edwards (EW) says not looking for complete ban of Medtronic (MDT) valve, Bloomberg says AT&T (T) could sit out on major U.S. spectrum auction, Reuters reports SYNDICATE Athlon Energy (ATHL) 12.875M share Secondary priced at $40.00 Sabre (SABR) 39.2M share IPO priced at $16.00 Senior Housing (SNH) files to sell 12M shares of common stock Sportsman's Warehouse (SPWH) 12.5M share IPO priced at $9.50 Vital Therapies (VTL) 4.5M share IPO priced at $12.00 Weibo (WB) 16.8M share IPO priced at $17.00

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21 февраля 2014, 02:50

Updated Research Report on Plum Creek - Analyst Blog

On Feb 14, 2014, we issued an updated research report on Plum Creek Timber Company Inc.