The PBR1000 August 2015 Breaking News Recap

September 2, 2015 by
ID-100220727 Global Currencies-sheelamohan

What Effect Will Global Currencies Have
On US Businesses In The Near Future?

 

By Larry C. Paxton

August 2015 will be memorable for some records set in the volatile stock markets. We will be commenting more on that in the upcoming The PBR1000 August 2015 Stocks/Commodities Snapshots which will be published sometime in the next week.

But there were also important transitions among The PBR1000 companies, including new major mergers, spinoffs, share repurchase programs, and key C-level personnel changes.

The modestly growing US economy seemed finally poised for the Federal Reserve to make its first interest rate increase in September. Then China devalued its currency and now it is a big question mark around the globe for all countries.

International issues continue to catch us by surprise. The latest development is the continued growing of the Mideast Crisis which is now creating major immigration/refugee problems, especially for Europe, as large populations in areas of conflict are subjected to making quick life or death decisions and are forced to take big chances for their families as they attempt to escape. With China’s slowing economy, out of control conflicts in the Mideast, and some growing uncertainties about Europe, what effect will these international situations have on US business both short and long term?

August 2015 was more tumultuous in more ways than expected. Has that set a similar stage for September? Let’s see how it unfolds, but let’s wish and work for the best as autumn and cooler temperatures approach, and most importantly, the US football season gets into full swing!

Following are The PBR1000 and economic related news items of note for August 2015, starting with the last active day.

Monday, August 31:
The PBR1000 Monthly US Stock Exchanges Snapshot:
DJIA closes August at 16,528.03, -0.69% from last Friday, -6.57% MTD, -6.19% QTD, -7.27% YTD.
NASDAQ closes August at 4,776.51, -1.07% from last Friday, -6.86% MTD, -4.22% QTD, +0.85% YTD.
SPX closes August at 1,972.18, -0.84% from last Friday, -6.26% MTD, -4.41% QTD, -4.21% YTD.

Apple(PBR5, $AAPL) & Cisco(PBR60) partner to deliver fast-lane for iOS enterprise users. $CSCO PR link.

General Electric(PBR9) completes $5 billion sale of its US fleet services business to Element Financial(TSX: EFN). $GE PR link.

Walt Disney(PBR57) is betting big on ‘Star Wars’ merchandise with unboxing extravaganza starting 09/03/15. $DIS PR link.

Excelon(PBR102) & Pepco(PBR493, $POM) to continue to pursue merger despite DC Commission blocking action. $EXC PR link.

Danaher(PBR137) completes $127.20/share, $13.8 billion acquisition of filtration, separation, & purification products & services provider Pall Corp(PBR713, $PLL). $DHR PR link.

Southern Co(PBR155) subsidiary acquires 200-MW California Tranquility Solar Facility from Canadian Solar. $SO PR link.

Bristol-Myers Squibb(PBR185) to acquire fibrotic diseases therapies developer Promedior for $150 million with additional payments up to $1.25 billion.
$BMY PR link.

DISH Network(PBR196, $DISH) brings Internet TV service to Amazon(PBR29, $AMZN) Appstore. MarketWatch article link.

Allergan(PBR219) completes $560 million acquisition of depression therapies developer Naurex. $AGN PR link.

Oshkosh(PBR368) increases shares repurchase program to 10 million shares. $OSK PR link.

Arthur J Gallagher(PBR515) acquires affinity group & association products & services provider National Administration Company, terms not disclosed. $AJG PR link.

HealthSouth(PBR800) to acquire 45 home health locations $104 million/yr operations of CareSouth Health Systems for $170 million. $HLS PR link.

Anthem(PBR38) promotes Brian Griffin as EVP & President, Commercial & Specialty Business, reports to CEO. $ANTM PR link.

National Oilwell Varco(PBR127) hires Jose Bayardo as SVP/CFO. $NOV PR link.

WellCare Health Plans(PBR221) hires Michael Radu to new position of SVP, Clinical Operations/Business Development, reports to CEO. $WCG PR link.

TeamHealth(PBR498) hires Steve Clifton as EVP, General Counsel & Corporate Secretary, and Eric Norman as Chief Human Resources Officer. $TMH PR link.

Comerica(PBR740) promotes John Buchanan to EVP, Legal Affairs; expected to assume role of EVP, Governance, Regulatory Relations & Legal Affairs on 01/01/16. $CMA PR link.

FreddieMac(PBR41) releases August Insight & Outlook commentary on the housing industry. $FMCC PR link.

Friday, August 28:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 16,643.01, +1.11% from last Friday, -5.92% MTD, -5.54% QTD, -6.62% YTD.
NASDAQ closes week at 4,828.32, +2.60% from last Friday, -5.85% MTD, -3.18% QTD, +1.95% YTD.
SPX closes week at 1,988.87, +0.9% from last Friday, -5.46% MTD, -3.60% QTD, -3.40% YTD.

Staples(PBR122) & Office Depot(PBR182, $ODP) to delay merger until at least 45 days after certified substantial compliance with US Federal Trade Commission second request. $SPLS PR link.

Carnival Corp(PBR184) expects to carry record 400,000+ passengers from Port of New Orleans in 2015. $CCL PR link.

ADP(PBR235) plans $2 billion debt offering followed by additional 25 million shares buyback program. $ADP PR link.

Mylan(PBR346) shareholders overwhelming approve proposed acquisition of Perrigo(PBR565, $PRGO), formal offer expected in a few weeks. $MYL PR link.

Big Lots(PBR468) announces promotions to EVP for Chief Merchandising/Operating Officer, Chief Admin Officer/CFO, & Human Resources/Store Operations. $BIG PR link.

Patterson Cos(PBR542) completes sale of its medical business to Madison Dearborn Ptnrs for $715 million cash. $PDCO PR link.

Werner(PBR862) CEO Greg Werner to retire, remain on board, Founder/Chairman CL Werner to add CEO responsibilities. $WERN PR link.

The US Dept of Commerce says July Personal Income Annual Rate was at $15.350 trillion, +0.4% over June. USDOC PR link.

Thursday, August 27:
Amazon(PBR29, $AMZN) scales back on developing consumer devices. MarketWatch article link.

Cisco(PBR60) completes $635 million acquisition of privately held advanced threat protection provider OpenDNS. $CSCO PR link.

Sprint(PBR86) offering 1 year of free service to AT&T(PBR12, $T)/DirecTV subscribers. $S PR link.

Freeport-McMoRan(PBR128) announces further spending cuts in response to market conditions, to reduce US workforce by 10%. $FCX PR link.

CBS(PBR210, $CBS) & TEGNA(NR) renew affiliation agreement, covers 10 markets with over 10 million households. $TGNA PR link.

Over 1 billion people logged into Facebook(PBR228, $FB) on Monday, 08/24/15, sets new milestone. MarketWatch article link.

AECOM(PBR322) hires Mary Finch as EVP-Chief Human Resources Officer. $ACM PR link.

Celgene(PBR347) completes $232/share, $7.2 billion acquisition of immune/metabolics therapeutics developer Receptos(NASDAQ: RCPT). $CELG PR link.

Carlyle Group(PBR578) to acquire big data analytics provider Novetta from Arlington Capital Partners, terms not disclosed. $CG PR link.

Tesla(PBR651, $TSLA) Model S scores 103 from Consumer Reports on 100-point scale. MarketWatch article link.

Autodesk(PBR773) to acquire San Francisco based enterprise IoT cloud based provider SeeControl, terms not disclosed. $ADSK PR link.

CEO pay surged last year after stock-market gains, pension changes MarketWatch article link.

The US Dept of Commerce says in 2nd estimate that the 2nd Quarter Gross Domestic Product(GDP) Annual Rate was +3.7%, 1st Quarter was +0.6%. USDOC PR link.

Wednesday, August 26:
YouTube Gaming has launched as Google(PBR44)‘s answer to Amazon(PBR29)’s Twitch. $GOOGL article link.

3M(PBR92) completes $1.0 billion acquisition of Polypore’s $210 million in revenues Separations Media business. $MMM article link.

Monsanto(PBR187) no longer pursuing $46 billion Syngenta deal, focusing on standalone growth plan. $MON article link.

DISH Network(PBR196, $SBGI) & Sinclair Broadcast Grp(PBR894) finalizing long term agreement, stations in 79 markets to be restored. $DISH article link.

BlackRock(PBR252) to acquire digital wealth management provider FutureAdvisor, terms not disclosed. $BLK article link.

Cameron Intl(PBR269) to be acquired by Schlumberger(NYSE: SLB) for $66.86/share, $14.8 billion cash/stock. $CAM article link.

Chico’s FAS(PBR730) plans to sell its Boston Proper direct-to-consumer business and close the 19 existing stores. $CHS article link.

General Growth(PBR765) has $600 million shares repurchase program with addition of $500 million. $GGP article link.

Edwards Lifesciences(PBR819) completes up to $400 million acquisition of CardiAQ Valve Technologies. $EW article link.

VMWare(PBR411) promotes Ray O’Farrell as Chief Technology Officer & Chief Development Officer, reports to CEO Pat Gelsinger. $VMW article link.

Tuesday, August 25:
Amazon(PBR29) Prime Now subscribers in the Seattle area get a 1 hour delivery services for tens of thousands of items. $AMZN article link.

Oshkosh(PBR368) awarded a $6.7 billion joint tactical vehicle contract by the US Army for 17,000 vehicles & services. $OSK article link.

Lithia Motors(PBR451) buys $50 million/yr revenues Acura of Honolulu, HI. $LAD article link.

Pepco(PBR493, $POM) shares tumble 17% as D.C. commission blocks Exelon(PBR102, $EXC) $6.83 billion deal. MarketWatch article link.

Medtronic(PBR133) to acquire privately-held transcatheter mitral valve replacement device developer Twelve, Inc., for up to $458 million. $MDT article link.

Cablevision(PBR390) is first distributor of CBS(PBR210)‘ new Internet content services, including CBS All-Access & SHOWTIME. $CBS PR link.

Xylem(PBR575) authorizes $500 million shares repurchase program. $XYL PR link.

Albemarle(PBR792) to relocate corporate headquarters from Baton Rouge, LA, to Charlotte, NC, in June, 2016. $ALB PR link.

The US Dept of Commerce says July Sales of New Single-Family Houses are at an annual rate of 507,000, +5.4% from June, +25.8% from July 2014. USDOC PR link.

Monday, August 24:
US stocks end harrowing session with biggest drop in 4 years. MarketWatch article link.

Home Depot(PBR32) completes $1.625 billion cash acquisition of national distributor/direct marketer of maintenance, repair & operational products Interline Brands. $HD PR link.

Southern Co(PBR155) to acquire AGL Resources(PBR452) for $66/share, $12 billion, becomes 2nd largest US utility with 9 million customers, expected to close 2nd half of 2016. $GAS PR link.

DaVita Healthcare(PBR302) to acquire Renal Ventures & its 36 dialysis centers in 6 states for $415 million. $DVA PR link.

Chipotle Mexican Grill(PBR561) to hire 4,000 people in a single day at first ever National Career Day on 09/09/15. $CMG PR link.

LINN Energy(PBR484) promotes David Rottino as EVP/CFO, succeeds leaving Kolja Rockov. $LINE PR link.

NII Holdings(PBR604) hires Francisco Tosta Valim Filho as President, Nextel Brazil, reporting to NIIH CEO Steve Shindler. $NIHD PR link.

Atmel(PBR1004) CEO Steven Laub extends retirement date to complete ongoing strategic evaluation process. $ATML PR link.

Friday, August 21:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 16,459.75, -5.82% from last Friday, -6.95% MTD, -6.58% QTD, -7.65% YTD.
NASDAQ closes week at 4,706.04, -6.78% from last Friday, -8.23% MTD, -5.63% QTD, -0.63% YTD.
SPX closes week at 1,970.89, -5.77% from last Friday, –6.32% MTD, -4.47% QTD, -4.27% YTD.

Skechers USA(PBR808) board approves 3:1 stock split, stockholders to vote on 09/24/15. $SKX PR link.

Fifth Third Bancorp(PBR387) hires Heather Russell Koenig as Chief Legal Officer & Corporate Secretary. $FITB PR link.

Thursday, August 20:
Fun Fact: The PBR1000 companies had $13.670 trillion in revenues for fiscal years ending June 2014 through May 2015, $1.023 trillion in profits, a 7.48% rate.

Amazon(PBR29) to employ 1,000 fulltime permanent employees at its new San Marcos facility, the 5th in Texas. $AMZN PR link.

Oracle(PBR78) buys cloud based data science marketing services provider Maxymiser, terms not disclosed. $ORCL PR link.

Discover Financial(PBR286) awarded the highest honor in J.D. Power 2015 Credit Card Satisfaction Study. $DFS PR link.

Discover Financial(PBR286) announces strategic network service agreement with Brazilian domestic card network, Elo. $DFS PR link.

Intuit(529) to divest Demandforce, QuickBase, & Quicken to focus on QuickBooks/TurboTax services. $INTU PR link.

Penn National Gaming(PBR750) gets regulatory approval for $360 million buy of Tropicana Las Vegas Casino Hotel Resort, to close 08/25/15. $PENN PR link.

Scientific Games(PBR937) wins new five-year Instant Games contract with Montana Lottery. $SGMS PR link.

Franklin Resources(PBR315) promotes Vijay Advani & Jennifer Johnson to Co-Presidents, effective 10/01/15. $BEN PR link.

American Eagle Outfitters(PBR640) Chief Marketing Officer Michael Leedy leaving, effective 08/15/15, successor search started. $AEO PR link.

Cinemark(PBR739) CEO Tim Warner to become Executive Vice-Chairman, hires Mark Zoradi as CEO, effective 08/24/15. $CNK PR link.

The National Association of Realtors says that July Existing Home Sales were at a 5.59 million annual rate, median price was $234,000. NAR PR link.

Wednesday, August 19:
Coca-Cola Co(PBR63, $KO) buys 30% minority stake in organic juice maker Suja Life for $90 million, with option to buy in 3 years. MarketWatch article link.

Leidos(PBR475) awarded $4.3 billion US Dept of Defense prime contract for modernization of military healthcare systems. $LDOS PR link.

Former eBay(PBR163) unit PayPal($PYPL) acquires mobile payment start-up Modest, betting on ‘contextual commerce.’ MarketWatch article link.

PG&E(PBR172) promotes Melissa Lavinson to expanded role of Chief Sustainability Officer. $PCG PR link.

Terex(PBR357) promotes Ken Lousberg to President, Terex Cranes, succeeds Tim Ford, who is leaving. Other promotions announced. $TEX PR link.

The US Federal Reserve Board releases the June Federal Open Market Committee document minutes from the 06/28-29/15 meeting, modest improvements economically. FRB PR link.

The US Dept of Labor says July Current Average Earnings/Hour was $24.99, 34.6 hour average workweek, $864.65/week, +2.1% over last 12 months. USDOL PR link.

The US Dept of Labor says the July Consumer Price Index was +0.1% over June, +0.2% over the last 12 months. USDOL PR link.

Tuesday, August 18:
The PBR1000 Total Market Capitalization for July was $21.445 trillion, +1.91% from June, +2.35% YTD, 1,059 companies.

CVS Health(PBR11) completes acquisition of long term care facilities pharmacy provider Omnicare(PBR393) for $98/share, $12.7 billion cash. $CVS PR link.

Kroger(PBR20) appoints presidents for new Dallas/FW & Houston divisions. $KR PR link.

AutoNation(PBR148) to acquire 16 stores in SE US & Baltimore, MD, representing over $600 million in annual revenue. $AN PR link.

Ventas(PBR671) completes spin-off of pure-play skilled nursing REIT Care Capital Properties(NYSE: CCP). $VTR PR link.

Scientific Games(PBR937) to debut Season Two of “MONOPOLY MILLIONAIRES’ CLUB™” TV Game Show on 09/12/15. $SGMS PR link.

YUM!(PBR217) promotes Micky Pant to CEO, China unit, succeeds retiring Sam Su, other promotions announced. $YUM PR link.

Abercrombie & Fitch(PBR595) announces 6 appointments to its new brand leadership team. $ANF PR link.

Lumber Liquidators(PBR1061) hires Jill Witter as Chief Compliance Officer & Legal Officer. $LL PR link.

The US Dept of Commerce says that July Privately-Owned Housing Units Building Permits were at a 1,119,000 annual rate, -16.3% from June, +7.5% from July 2014. USDOC PR link.

Monday, August 17:
Star Wars-themed lands coming to Walt Disney(PBR57) World & Disneyland Resorts. $DIS PR link.

Starbucks(PBR178) promotes Starbucks Evenings, includes wines & craft beers. $SBUX PR link.

DISH Network(PBR196) & Sinclair Broadcast Grp(PBR894) agree to short term contract extension to renegotiate retransmission deal. $DISH PR link.

Liberty Interactive(PBR263) to acquire eCommerce retailer Zulily(NASDAQ: ZU) for $18.75/share, $2.4 billion. $QVCA PR link.

BB&T(PBR277) to acquire $9.6 billion in assets National Penn Bancshares(NASDAQ: NPBC) for $1.8 billion. $BBT PR link.

Pentair(PBR363) to acquire electrical & fastening products manufacturer ERICO Global for $1.8 billion cash. $PNR PR link.

GrafTech(PBR1057) acquisition for $5.05/share, $695 million by Brookfield Asset Management(NYSE: BAM) is completed, is now a wholly owned subsidiary. $GTI PR link.

Target(PBR40) elevates John Mulligan to newly created COO role; names Cathy Smith as CFO. $TGT PR link.

ConAgra Foods(PBR166) hires Darren Serrao to new position of Chief Growth Officer, reports to CEO Sean Connolly. $CAG PR link.

Darden Restaurants(PBR398) names Bill Lenehan as CEO of future spinoff REIT Four Corners Property Trust. $DRI PR link.

CA Technologies(PBR550) to acquire private privileged identity management solutions provider Xceedium, terms not disclosed. $CA PR link.

SeaWorld(PBR674) hires Peter Crage as CFO; hires Anthony Esparza as Chief Creative Officer. $SEAS PR link.

Bristow Group(PBR919) CFO John Briscoe is leaving, Don Miller promoted to SVP/CFO, effective immediately. $BRS PR link.

Friday, August 14:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 17,477.40, +0.60% from last Friday, -1.20% MTD, -0.81% QTD, -1.94% YTD.
NASDAQ closes week at 5,048.24, +0.09% from last Friday, -1.56% MTD, +1.23% QTD, +6.59% YTD.
SPX closes week at 2,091.54, +0.67% from last Friday, -0.58% MTD, +1.38% QTD, +1.59% YTD.

Apple(PBR5, $AAPL) working on self-driving car, report says. MarketWatch article link.

Comcast’s(PBR42, $CMCSA) Universal Studios is having a perfect year at the box office MarketWatch article link.

Nelson Peltz’s Trian fund discloses 42.1 million share stake in Sysco(PBR61) MarketWatch article link.

Soros takes Time Warner Cable(PBR119, $TWC) stake, adds to Facebook(PBR228, $FB), sells Alibaba in Q2. MarketWatch article link.

JCPenney(PBR234, $JCP) focuses on omnichannel growth after better-than-expected results MarketWatch article link.

Cabela’s(PBR606) EVP-Chief Merchandising Officer Brian Linneman to become a company strategic advisor, Scott Williams promoted to EVP-Chief Commercial Officer. $CAB PR link.

Dun & Bradstreet(PBR957) Chief Sales Officer Mark Geneste has left, President/CEO Bob Carrigan to serve as interim. $DNB PR link.

Pay-TV lost 600,000 subscribers from April to June. USAToday article link.

American flag raised at US embassy in Havana. MarketWatch article link.

US Set to approve limited crude-oil trade to Mexico. MarketWatch article link.

The US Dept of Labor says July Producer Price Index for Final Demand was +0.2% from June, -0.8% over last 12 months. USDOL article link.

The US Federal Reserve Bank says July Industrial Capacity Utilization was 78.0%, +0.3% over June, -2.1% from the long-run (1972–2014) average. FRB article link.

Greece to receive billions of new loans after bailout approved. USAToday article link.

Thursday, August 13:
General Electric(PBR9) selling GE Capital Bank’s US online deposit platform & all deposits to Goldman Sachs(PBR76) Bank, includes $16 billion transfer. $GE PR link.

Time Warner(PBR103) HBO unit announce 5 year partnership with Sesame Street. $TWX PR link.

AFLAC(PBR121) adds 40 million shares to existing 16 million shares left in buyback program. $AFL PR link.

Perrigo(PBR562) says revised Mylan(PBR346) offer with lower tender threshold of 50% is not favorable. $PRGO PR link.

Fastenal(PBR597) now has 50,000+ installed industrial vending devices at customer sites. $FAST PR link.

Sysco(PBR61) promotes Paul Moskowitz to EVP-Human Resources, Scott Charleton to EVP-Supply Chain, Russell Libby now EVP-Admin/Secretary. $SYY PR link.

Coca-Cola Co(PBR63) promotes James Quincy to President/COO. EVP/President of International Ahmet Bozer to retire. $KO PR link.

Parker-Hannifin(PBR218) promotes Bob Bond to VP-eBusiness, IoT, & services. $PH PR link.

Ciena Corp(PBR829) SVP Worldwide Sales/Field Operations Philippe Morin leaving effective 10/31/15. $CIEN PR link.

The US Dept of Labor says July US Import Prices declined 0.9%, both fuel/nonfuel prices contributed. Exports fell 0.2%. USDOL PR link.

In Advance report the US Dept of Commerce says July US Retail Sales were at $446.5 billion, +0.6% from June, +2.4% from July 2014. USDOC PR link.

The US Dept of Commerce says June Trade Sales/Mfrs’ Shipments are estimated at $1,325.5 billion, +0.2% from May, -2.5% from June 2014. USDOC PR link.

Wednesday, August 12:
Comcast(PBR42) invests $200 million in Vox Media, valuing digital media company at $1 billion. $CMCSA PR link.

Macy’s(PBR97) forms joint venture with China’s Fung Retailing to test pilot e-commerce on Alibaba in China. $M PR link.

Kraft Heinz(PBR156, $KHC) to slash 2,500 jobs in restructuring. MarketWatch article link.

Viacom(PBR212) forms new ad sales division, Velocity Products Group, for multi-platform social partnerships, products & services to clients. $VIA article link.

Farmer co-op CHS(NASDAQ: CHSCP) to make $2.8 billion minority equity investment in nitrogen subsidiary of CF Industries(PBR502). $CF PR link.

Flowers Foods(PBR591) to acquire US best selling organic bread maker Dave’s Killer Bread for $275 million cash. $FLO PR link.

Fidelity Natl Info Svcs to acquire SunGard for $9.1 billion. $FIS PR link.

The US Dept of Labor says US End of June Job Openings were at 5.249 million, were at 5.357 million at the end of May. Hires were at 5.177 million, Separations at 4.931 million. USDOL PR link.

The US Treasury Dept says the Federal Government 10 Months YTD Receipts ending in July were $2.672 trillion, Outlays $3.138 trillion, Deficit $465.5 billion. USTD PR link.

Tuesday, August 11:
General Electric(PBR9) to sell its Healthcare Financial Services US lending unit to Capital One(PBR116) for $9 billion. $GE PR link.

Ford Motor(PBR10) starts making previously Mexico produced F-650/F-750 trucks in Ohio with 1,000 UAW workers. $F PR link.

Computer Sciences(PBR237) to acquire front-office management trading solutions provider Fixnetix, terms not disclosed. $CSC PR link.

Computer Sciences(PBR237) to acquire cloud-based service management solutions provider Fruition Partners, terms not disclosed. $CSC PR link.

Terex(PBR355) & Finland based public company iifting cranes provider Konecranes to merge, create $10 billion/2014 company incorporated in Finland. $TEX PR link.

Symantec(PBR384) to sell information management unit Veritas to Carlysle Group(PBR578) & Singapore based GIC for $8 billion cash. $SYMC PR link.

Symetra Financial(PBR850) to be acquired by Japan’s Sumitomo Life for $32.50/share, $3.8 billion. $SYA PR link.

HCP(PBR831) hires Justin Hutchens as Chief Investment Officer, Senior Housing & Care. $HCP PR link.

Viavi Solutions(PBR944) Chairman Richard Belluzzo is also Interim President/CEO with departure of Thomas Waechter. $VIAV PR link.

The US Dept of Labor says Preliminary 2nd Quarter Nonfarm Productivity increased at a 1.3% annual rate, output +2.8%, hours worked +1.5%. USDOL PR link.

The US Dept of Commerce says June Wholesale Trade Inventories were at $586.2 billion, May was $580.7 billion, USDOC PR link.

Monday, August 10:
Berkshire Hathaway(PBR4) to acquire Precision Castparts(PBR274) as a wholly owned subsidiary for $235/share, $37.2 billion, expected to close in 1st quarter, 2016. $PCP PR link.

Google(PBR20) CEO Larry Page announces organizational changes, being renamed Alphabet, Google to be a wholly owned subsidiary. $GOOG PR link.

Patterson Cos(PBR542) promotes Les Korsh to VP, General Counsel & Secretary. $PDCO PR link.

Hub Group(PBR611) President/COO Mark Yeager stepping down, Chair/CEO David Yeager to add interim COO duties until new person hired. $HUBG PR link.

Friday, August 7:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 17,373.38, -1.79% from last Friday/MTD, -1.40% QTD, -2.52% YTD.
NASDAQ closes week at 5,043.54, -1.65% from last Friday/MTD, +1.14% QTD, +6.49% YTD.
SPX closes week at 2,077.57, -1.25% from last Friday/MTD, +0.70% QTD, +0.91% YTD.

Lincoln Electric(PBR710) acquires Melbourne, Australia based Specialised Welding Products, terms not disclosed. $LECO PR link.

Dollar General(PBR151): Jim Thorpe rejoins as EVP, Chief Merchandising Officer, succeeds David D’Arezzo, who has left. $DG PR link.

Airgas(PBR461) promotes Nicole Kahny as SVP, Human Resources, succeeds Pamela Claypool who is now Division President, North Division. $ARG PR link.

Baker Hughes(PBR108) says that the July US Total Oil/Natural Gas Rig Count was 866, +5 from June, -1,010 from July 2014. $BHI PR link.

The US Dept of Labor says July Total Nonfarm Employment rose 215,000, the average monthly gain is 246,000 over the past 12 months. The Unemployment Rate remained at 5.3%. USDOL PR link.

The US Federal Reserve Bank says the June US Total Consumer Debt is at $3.422 trillion, +0.61% over May, +3.17% YTD. FRB PR link.

Thursday, August 6:
FannieMae(PBR17) 2nd quarter net income is $4.6 billion, to pay $4.4 billion to US Treasury in Sept. $FNMA PR link.

Alaska Air(PBR454) authorizes additional $1 billion shares buyback program after current $650 million balance is used. $ALK PR link.

CF Industries(PBR502) to merge with Netherlands based fertilizer/industrial chemicals company OCI NV(NYSE Euronext: OCI) for $8 billion, relocate to the UK. $CF PR link.

Coca-Cola Enterprises(PBR327) hires Damian Gammell to become COO in the fall; Hubert Patricot, President of European Group, to retire in 2016. $CCE PR link.

Starwood Hotels(PBR417) promotes Mark Vondrasek to SVP Commercial Services. $HOT PR link.

Sprouts Farmers Market(PBR688) President/CEO Doug Sanders now Executive Chairman, CFO Amin Meredia is CEO. $SFM PR link.

Great Plains Energy(PBR757) SVP/CFO Jim Shay to leave, effective 09/02/15; Kevin Bryant promoted to SVP, Finance/Strategy & CFO. $GPX PR link.

Viavi Solutions(PBR944) hires Amar Maletira as EVP/CFO, effective 09/08/15, replaces Rex Jackson, who is leaving. $VIAV PR link.

Wednesday, August 5:
Allergan(PBR219) acquisition of facial aesthetics developer KYTHERA Pharmaceuticals(NASDAQ: KYTH) now an all cash deal, $75/share, $2.1 billion. $AGN PR link.

Lithia Motors(PBR451) buys $50 million/yr in revenues Bitterroot Ford, Missoula, MT, being renamed Lithia Ford of Missoula. $LAD PR link.

Keurig Green Mountain(PBR507) to reduce workforce by 5% over next 3 years, authorizes additional $1 billion for shares repurchase program. $GMCR PR link.

Liberty Media(PBR534) owns 59.4% of Sirius XM($SIRI), which now has 28.4 million subscribers. $LMCA PR link.

W.R. Grace(PBR645) files paperwork for spinoff of Construction Products & Darex Packaging Technologies units into independent public company called GCP Applied Technologies, planned for 1st quarter 2016. $GRA PR link.

H&R Block(PBR669) gets regulatory approvals to sell bank unit to BofI Federal Bank. $HRB PR link.

Anthem(PBR38) hires Dr. Craig Samitt as Chief Clinical Officer, effective 09/21/15, reports to President/CEO Joseph Swedish. $ANTM PR link.

SandRidge Energy(PBR975) hires Julian Bolt as CFO, succeeds retiring Eddie LeBlanc. $SD PR link.

The The US Dept of Commerce says the June US International Trade had $188.6 billion in exports, $232.4 billion in imports, for a -$43.8 billion deficit, May deficit was -$41.0 billion. USDOC PR link.

Tuesday, August 4:
Pfizer(PBR56) gets European Commission approval for $17 billion acquisition of Hospira(PBR532), on target to close 2nd half of 2015. $PFE PR link.

Sprint(PBR86) reports platform net additions of 675,000 subscribers during 1st quarter of fiscal year. $S PR link.

RR Donnelley(PBR243) intends to form 3 separate independent publicly traded companies. $RRD PR link.

CBRE Group(PBR301) acquires PKF Consulting of Canada, an advisory, consulting & research firm specializing in hospitality & tourist industries. $CBG PR link.

Netflix(PBR447) starts unlimited and flexible maternity & paternity leave policy. $NFLX PR link.

TeamHealth(PBR498) to acquire national acute/post-acute healthcare provider IPC Healthcare(NASDAQ: IPCM) for $1.6 billion. $TMH PR link.

Crown Castle(PBR603) completes $1.0 billion acquisition of Quanta Services(NYSE: PWR) subsidiary fiber networks provider Sunesys. $CCI PR link.

Ventas(PBR671) completes $1.75 billion acquisition of private $2 billion/yr Ardent Health Care, spins off hospital operations. $VTR PR link.

Endo International(PBR700) completes up to $1.65 billion sale of American Medical Systems’ men’s & prostrate health businesses to Boston Scientific(PBR356). $ENDP PR link.

Lincoln Electric(PBR710) acquires private $40 million/yr manufacturer & integrator of industrial automation products Rimrock Holdings, terms not disclosed. $LECO PR link.

United Continental(PBR77) CFO John Rainey leaving to be CFO of PayPal, Gerry Laderman appointed Interim CFO. $UAL PR link.

Church & Dwight(PBR639) to promote Richard Dierker to EVP/CFO, effective 01/01/16, when current CFO Matthew Farrell becomes CEO. $CHD PR link.

The US Dept of Commerce releases the June Full Report on Manufacturers’ Shipments, Inventories & Orders, all up over May. USDOC PR link.

Monday, August 3:
AT&T(PBR16) first to make available a TV/Wireless bundle, $200/mo. $T PR link.

Archer-Daniels-Midland(PBR34) completes $440 million sale of 670 employee global chocolate business to Cargill(NR). $ADM PR link.

AIG(PBR46) with additional $5 billion authorized, has $6.3 billion available for shares repurchase program. $AIG PR link.

3M(PBR92) completes $2.5 billion acquisition of personal protective equipment provider Capital Safety from KKR(PBR332). $MMM PR link.

Community Health System(PBR125) to spinoff 38 hospitals & Quorum Health Resources as separate independent public company. $CYH PR link.

Molina Healthcare(PBR284) Florida subsidiary to acquire Medicaid assets of 90,000 Medicaid members non-profit Integral Health Plan. $MOH PR link.

Constellation Brands(PBR377) completes $315 million acquisition of Napa Valley wine brand Meiomi from Copper Cane. $STZ PR link.

Barnes & Noble(PBR408) completes spinoff of separate independent company Barnes & Noble Education(NYSE: $BNED). $BKS PR link.

Ingredion(PBR415) completes $100 million acquisition of privately held natural fruits and vegetables concentrates producer Kerr Concentrates. $INGR PR link.

TeamHealth(PBR498) acquires New York based 30,000 annual cases/year Brookhaven Anesthesia Associates. $TMH PR link.

Arthur J Gallagher(PBR515) completes acquisition of $50 million/yr Boston based William Gallagher Associates Insurance Brokers. $AJG PR link.

Alpha Natural Resources(PBR548) files bankruptcy petition to reorganize under Chapter 11 in coal/energy markets. $ANR PR link.

CIT Group(PBR608) completes $3.4 billion acquisition of OneWest Bank. $CIT PR link.

Ciena Corp(PBR829) completes $400 million acquisition of network management software developer Cyan(NYSE: CYNI). $CIEN PR link.

Synopsys(PBR879) completes acquisition of verification technologies provider Atrenta, terms not disclosed. $SNPS PR link.

Domino’s Pizza(PBR889) opens 12,000th worldwide store in Oklahoma City, OK. $DPZ PR link.

JDS Uniphase(PBR944) completes spinoff of its Communications & Commercial Optical Product unit as Lumentum, changes name to Viavi Solutions(NASDAQ: VIAV). $VIAV PR link.

Sprint(PBR86) hires Tarek Robbiati as CFO, Gunther Ottendorfer as COO, technology. $S PR link.

Devon Energy(PBR143) promotes COO Dave Hager to President/CEO, succeeds retiring John Richels. $DVN PR link.

JCPenney(PBR234) hires Michael Amend as EVP Omnichannel, Mike Robbins as SVP, Supply Chain. $JCP PR link.

Barnes Group(PBR1030) hires Jim Berklas as SVP, General Counsel & Secretary. $B PR link.

Car makers report strong U.S. sales for July, on track for 17 million units in 2015. MarketWatch article link.

Puerto Rico fails to make $58 million payment, sees first-ever bond default . MarketWatch article link.

President Obama announces the Clean Power Plan, sets new carbon pollution standards for power plants. Whitehouse article link.

US Dept of Treasury raises July-September quarterly borrowing estimate to $127 billion. MarketWatch article link.

The US Dept of Commerce says June Disposable Income at $13.353T annual rate, Personal Savings Rate 4.8%, May was 4.6%. USDOC PR link.

The US Dept of Commerce says June Construction Spending was at a $1,064.6B annual rate, +0.1% from May, +12% from June 2014 USDOC PR link.

Saturday, August 1:
Click here for The PBR1000 July 2015 Breaking News Recap.

Caesars Entertainment(PBR314), Caesars Entertainment Operating Co. announce amended Restructuring Support Agreement with First Lien Holders. $CZR PR link.

 

(The PBR1000 is the premiere comparative data and reporting service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate nearly $14 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisors, business professors/students, career counselors/job seekers, to name just a few. To order your annual subscription, just go to the PBRMarketTools.com Order page.)

(Photo courtesy of freedigitalphotos.net, sheelamohan.)

Filed Under: Recaps Tagged With: , , , , , , ,

The PBR1000 July 2015 Breaking News Recap

August 3, 2015 by
ID-100335902 Business Word Head-Sujin Jetkasettakorn

As A Business Leader There Is A Lot To Think About.

 

By Larry C. Paxton

The PBR1000 in July 2015 had a lot of highlights in several areas.

Most of the mega deals involved the continuing consolidation of health related businesses. There were also some long awaited completion of deals like AT&T/DirecTV and Dollar Tree/Family Dollar.

More spinoffs occurred or were announced, with PayPal getting most of the press.

The US economy is still regarded as somewhat fragile but showing modest growth, enough to keep everyone guessing when the Federal Reserve will increase interest rates.

World issues had an affect as well. The stock markets displayed volatility based on the still unresolved Greece debt issues, the slowdown of the China economy and the dramatic downward dip in its markets towards the end of the month. Nevertheless, all US stock markets showed good increases over June with the NASDAQ hitting new highs. Other issues that didn’t seem to have a direct effect, but could have a longer range impact include the nuclear weapons negotiations with Iran, and the battles against extremist warring organizations like ISIL in the Middle East.

August has a history of volatility, let’s see if that’s true again in 2015.

Following are The PBR1000 and economic related news items of note for July 2015, starting with the last active day.

Friday, July 31:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 17,689.86, +0.69% from last Friday, +0.40% MTD/QTD, -.75% YTD.
NASDAQ closes week at 5,128.28, +0.78% from last Friday, +2.84% MTD/QTD, +8.28% YTD.
SPX closes week at 2,103.84, +1.16% from last Friday, +1.97% MTD/QTD, +2.18% YTD.

UPS(PBR47) to acquire truckload freight brokerage company Coyote Logistics for $1.8 billion. $UPS PR link.

Jarden(PBR324) completes $1.35 billion acquisition of disposable tableware manufacturer The Waddington Group from private equity firm Olympus Partners. $JAH PR link.

Berry Plastics(PBR488) to acquire specialty materials provider AVINTIV from Blackstone Group(PBR352) for $2.45 billion cash. $BERY PR link.

Yahoo!(PBR519) to acquire social shopping site Polyvore, terms not disclosed. $YHOO PR link.

Penn National Gaming(PBR750) to acquire Illinois 1,100 video gaming terminals operator Prairie State Gaming. $PENN PR link.

The US Dept of Labor says the 2nd Quarter Employment Cost Index decelerated sharply to 0.2% from the 1st Quarter. MarketWatch article link.

Thursday, July 30:
MasterCard(PBR291) extends partnership with Samsung to deliver Samsung Pay in Europe. $MA PR link.

Intl Flavors & Fragrances(PBR666) completes $311 million acquisition of Lucas Meyer Cosmetics. $IFF PR link.

Ventas(PBR671) to spinoff of most of its post-acute/skilled nursing facility portfolio as an independent publicly held REIT called Care Capital Properties, NYSE: CCP, after 08/17/15. $VTR PR link.

Kroger(PBR20) 1st female corporate executive Group VP for Corporate Affairs Lynn Marmer retiring in early 2016. $KR PR link.

Raytheon(PBR118) promotes Wesley Kremer as President, Integrated Defense Systems. $RTN PR link.

Diebold(PBR676) EVP/COO George Mayes, Jr, leaving, position to be eliminated in streamlining effort. $DBD PR link.

Avista Corp(PBR990) announces 3 changes to its officer team in finance, strategy, & development. $AVA PR link.

The US Dept of Commerce says that the 2nd Quarter Advance GDP estimate is at a 2.3%, $17.840 trillion, annual rate. USDOC PR link.

The US Dept of Labor says for the week ending 07/18/15 the Total Insured Unemployment was at 2.266,000, 4 week moving average at 2,255,250. USDOL PR link.

FreddieMac(PBR41) says on 07/30/15 30 Year Fixed Mortgage Rate averaged 3.98% with 0.6 points/fees. $FMCC PR link.

Wednesday, July 29:
Mylan(PBR346) receives unconditional clearance by European Commission for purchase of Perrigo(PBR565). $MYL PR link.

Apollo Education Group(PBR681) files notice disclosing an FTC civil investigation on business practices. MarketWatch article link.

Cytec(PBR887) to be merged into Brussels based global chemical company Solvay for $75.25/share, $5.5 billion. $CYT PR link.

Manitowoc(PBR579) hires Hubertus Muelhaeuser as CEO for the Manitowoc Foodservice unit. $MTW PR link.

Tuesday, July 28:
AIG(PBR46) acquires private First Principles Capital Management, names its CEO Douglas Dachille as AIG’s next EVP/Chief Investment Officer, succeeds William Dooley, who is retiring. $AIG PR link.

Caterpillar(PBR54) to do $1.5 billion accelerated stock repurchase program by end of 3rd quarter. $CAT PR link.

Caterpillar(PBR54) announces new strategy for its vocational truck product family, to expand production at its Victoria, TX, facility. $CAT PR link.

Honeywell Intl(PBR74) to acquire gas heating, controls, metering, and advanced technologies provider Elster Division from Melrose Industries plc for $5.1 billion. $HON PR link.

SuperValu(PBR164) considering spinoff of its Save-A-Lot unit into a stand-alone publicly traded company. $SVU PR link.

Proctor & Gamble(PBR33) promotes David Taylor as President/CEO, effective 11/01/15, succeeds AG Lafley who becomes Executive Chairman. $PG PR link.

Citrix(PBR658) President/CEO Mark Templeton to retire when successor appointed, search firm retained. $CTXS PR link.

Scientific Games(PBR937) hires David Smail as EVP/Chief Legal Officer, effective 08/03/15. $SGMS PR link.

The US Dept of Commerce says the 2nd Quarter Homeownership Rate was 63.4%, -1.3% from 2nd quarter 2014, -0.4% from 1st quarter 2015. USDOC PR link.

Monday, July 27:
Allergan(PBR219) selling its global generics business to Teva Pharmaceutical($TEVA) for $40.5 billion cash/stock. $AGN PR link.

Allergan(PBR219) to acquire depression therapies developer Naurex for $560 million cash. $AGN PR link.

Mylan(PBR346) comments on Israel based Teva Pharmaceuticals acquisition of generics business of Allergan(PBR219) & unsolicited offer withdrawal for Mylan. $MYL PR link.

McGraw Hill(PBR477) to acquire data, analytics, & research firm SNL Financial for $2.225 billion cash. $MHFI PR link.

Arch Coal(PBR691) postpones 1:10 reverse stock split from 07/27/15 close to 08/03/15 close. $ACI PR link.

Beacon Roofing(PBR818) to acquire roofing products distributor Roofing Supply Group for $1.1 billion cash/stock. $BECN PR link.

SandRidge Energy(PBR975) receives NYSE notice of potential delisting because share price less than $1.00 for 30 days, considering reverse stock split. $SD PR link.

Darden Restaurants(PBR398) announces Todd Burrowes is rejoining LongHorn Steakhouse unit as President, reports to CEO. $DRI PR link.

Friday, July 24:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 17,568.53, -2.86% from last Friday, -0.29% MTD/QTD, -1.43% YTD.
NASDAQ closes week at 5,088.83, -2.33% from last Friday, +2.04% MTD/QTD, +7.45% YTD.
SPX closes week at 2,079.65, -2.21% from last Friday, +0.80% MTD/QTD, +1.01% YTD.

AT&T(PBR12) completes $67 billion acquisition of DirecTV(PBR89), now the largest pay TV provider in the US & world. $T PR link.

Anthem(PBR38) to acquire Cigna(PBR85) for $188/share, $54.2 billion, creates company with 53 million medical members, $115 billion revenues/year. $ANTM PR link.

Enterprise Products(PBR59) completes sale of its offshore Gulf of Mexico assets to Genesis Energy(PBR553) for $1.5 billion cash. $EPD PR link.

Cisco(PBR60) to stop selling flash memory data-storage business known as Invicta. MarketWatch article link.

Johnson Controls(PBR68) plans to spinoff $22 billion in 2014 revenues Automotive Experience business as an independent publicly traded company within 12 months. $JCI PR link.

American Airlines(PBR69) ups shares repurchase program to $4 billion. $AAL PR link.

Charles River Labs(PBR1025) completes acquisition of rapid bacterial detection equipment provider Celsis International for $212 million cash. $CRL PR link.

Public Service Enterprise(PBR257) EVP/CFO Caroline Dorsa to retire in 4th quarter, search firm retained for new CFO. $PEG PR link.

The US Dept of HUD says June New Single-Family Houses Sales were at a 482,000 annual rate, -6.8% from May, +18.1% over June 2014. HUD PR link.

Thursday, July 23:
Cisco(PBR60) to sell its set-top box business unit to France based Technicolor for $604 million. $CSCO PR link.

Alcoa(PBR115) completes acquisition of titanium & specialty metal products manufacturer RTI(NYSE: RTI) in $1.5 billion stock deal. $AA PR link.

Starbucks(PBR178) adds 50 million shares for repurchase to existing 11 million available. $SBUX PR link.

EnerSys(PBR776) completes acquisition of Australia based equipment facilities manufacturer ICS Industries. $ENS PR link.

DuPont(PBR82) promotes Marc Doyle to SVP-Safety/Protections unit upon resignation of Matthew Trerotola. $DD PR link.

Crown Holdings(PBR298) CEO John Conway retiring effective 01/01/16, Timothy Dunne elected to succeed him as President/CEO. $CCK PR link.

Celanese(PBR369) Interim CFO Chris Jensen officially named CFO. $CE PR link.

Colfax Corp(PBR517) hires Matt Trerotola as CEO, effective 07/24/15, succeeds retiring Steve Simms. $CFX PR link.

Yahoo!(PBR519) promotes Lisa Utzschneider to Chief Revenue Officer. $YHOO PR link.

CA Technologies(PBR550) hires Ayman Sayed as Chief Product Officer, reports to CEO Mike Gregoire. $CA PR link.

Graham Holdings(PBR615) Kaplan unit CEO Tom Leppert resigning effective 08/21/15, Chairman Andy Rosen to add CEO responsibilities. $GHC PR link.

Wednesday, July 22:
Home Depot(PBR32) to acquire national distributor/direct marketer of maintenance, repair & operational products Interline Brands for $1.625 billion cash. $HD PR link.

Genworth Financial(PBR287) in negotiations to sell its lifestyle protection insurance business to France based AXA SA for $510 million. $GNW PR link.

Discovery Communications(PBR399) to acquire full ownership of Europe/Asia sports channels group Eurosport from TFI Group for $535 million per 2012 agreement. $DISCA PR link.

St Jude Medical(PBR440) to acquire medical devices for heart failure developer Thoratec for $63.50/share, $3.4 billion cash. $STJ PR link.

Bank of America(PBR24) CFO Bruce Thompson stepping down, Paul Donofrio to become CFO on 08/01/15; other key management changes announced. $BAC PR link.

The National Assn of Realtors reports June Existing Home Sales at a 5.49 million annual rate, $236,400 median price. NAR PR link.

Tuesday, July 21:

KKR(PBR332) to acquire an 80% stake in $1 billion total enterprise valued photovoltaic developer/operator Gestamp Solar from Gestamp Renewables. $KKR PR link.

Lexmark(PBR601) to eliminate 500 positions worldwide as part of restructuring program. $LXK PR link.

CIT Group(PBR608) gets federal & states regulatory approval for $3.4 billion acquisition of OneWest Bank, expected to close 08/03/15. $CIT PR link.

Henry Schein(PBR270) promotes Peter McCarthy to President, Global Animal Health Group. $HSIC PR link.

Corning(PBR281) Vice Chairman/CFO Jim Flaws to retire on 11/30/15. $GLW PR link.

Corning(PBR281) elects Lawrence McRae as Vice Chairman & Corporate Development Officer, Tony Tripeny as SVP/CFO effective 09/01/15, & Dr. Jeffrey Evenson SVP/Chief Strategy Officer. $GLW PR link.

Royal Caribbean(PBR329) hires Jim Berra as Chief Marketing Officer, reports to President/CEO Michael Bayley. $RCL PR link.

HARMAN Intl(PBR456) promotes Phillip Eyler as EVP & President, Infotainment division, reports to Chairman/President/CEO Dinesh Paliwal. $HAR PR link.

Iron Mountain(PBR663) hires Deirdre Evens as Chief People Officer, reports to President/CEO William Meaney. $IRM PR link.

Bon-Ton Stores(PBR707) hires Bill Tracy as COO, effective 07/27/15. $BONT PR link.

AMC Entertainment(PBR728) President/CEO Gerry Lopez leaving, effective 08/06/15, CFO Craig Ramsey to become Interim President/CEO at that time. $AMC PR link.

Elizabeth Arden(PBR1043) hires JuE Wong as President, Elizabeth Arden Brand, effective 08/03/15. $RDEN PR link.

Monday, July 20:
United Technologies(PBR45) to do 75 million shares repurchase program, $8.3 billion, with sale of Sikorsky Aircraft unit to Lockheed Martin(PBR64) for $9 billion. $UTX PR link.

Lockheed Martin(PBR64) to acquire Sikorsky Aircraft unit from United Technologies(PBR45) for $9 billion. $LMT PR link.

Ross Stores(PBR253) to open 19 Ross Dress for Less and 8 dd’s Discount stores in July as part of plan for 90 new stores in 2015. $ROST PR link.

Caesars Entertainment(PBR314) reaches agreement on debt restructuring with a group of 2nd lien holders, makes changes to 01/14/15 Restructuring Support Agreement. $CZR PR link.

Calpine Corp(PBR330) to expand in Texas & NE US with acquisition of retail electric provider Champion Energy Marketing for $240 million. $CPN PR link.

CF Industries(PBR502) confirms it is in preliminary discussions with OCI NV regarding a potential combination involving certain of OCI’s businesses. $CF PR link.

Arch Coal(PBR691) announces 1:10 reverse stock split after 07/27/15 market close, will maintain listing status on NYSE. $ACI PR link.

SunEdison(PBR782) to acquire Vivint Solar(NYSE: VSLR) for $16.50/share, $2.2 billion in cash/stock/notes, to close in 4th quarter 2015. $SUNE PR link.

Synopsis(PBR879) completes acquisition of the Seeker security product and its R&D team from Quotium(NYSE Euronext: QTE).
$SNPS PR link.

eBay(PBR163) spinoff PayPal(NASDAQ: PYPL) in first day of public trading opens at $41.46, range $39.80-$42.55, closes at $40.47. MarketWatch PayPal stock info.

Adobe Systems(PBR557) hires Abhay Parasnis as Chief Technology Officer & SVP/platform technology and services. $ADBE PR link.

HealthSouth(PBR800) EVP/General Counsel & Secretary John Whittington retiring on 12/31/15. $HLS PR link.

Friday, July 17:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 18,086.54, +1.84% from last Friday, +2.65% MTD/QTD, +1.48% YTD.
NASDAQ closes week at 5,210.14(R), +4.25% from last Friday, +4.48% MTD/QTD, +10.01% YTD.
SPX closes week at 2,126.64, +2.41% from last Friday, +3.08% MTD/QTD, +3.29% YTD.

GameStop(PBR287) completes acquisition of ThinkGeek retailer parent Geeknet(NASDAQ: GKNT) for $20/share, $140 million. $GME PR link.

Yahoo!(PBR500) files with SEC to spinoff remaining holdings in Alibaba Group into an independent, publicly traded, registered investment company, as announced on 01/27/15, to close in 4th quarter. $YHOO PR link.

The US Dept of Labor says June Employee Average Earnings were $24.95/hour, 34.5 hours/week, $860.78/week, +2.0% from June 2014. USDOL PR link.

The US Dept of Labor says the June Consumer Price Index for All Items was +0.3% over May, +0.1% over the last 12 months. USDOL PR link.

The US Dept of HUD says the June Private Housing Units Building Permits were at a 1,343,000 annual rate, +7.4% over May, +30.0% over June 2014 HUD PR link.

Thursday, July 16:
Amazon’s(PBR37) first Prime Day sales exceed Black Friday 2014 by 18%, 34.4 million items sold. $AMZN PR link.

Enterprise Products(PBR56) to sell its offshore Gulf of Mexico assets to Genesis Energy(PBR553) for $1.5 billion cash. $EPD PR link.

Mondelez(PBR85) completes acquisition of 80% stake in Vietnam’s leading snacks business Kinh Do for $370 million. $MDLZ PR link.

Hertz(PBR249) completes restatements of annual reports, to separate its equipment rental business, implementing cost reduction program. $HTZ PR link.

McGraw Hill(PBR477) Platts division acquires shipping & oil industries news & analysis provider Petromedia. $MHFI PR link.

Groupon(PBR750) acquires OrderUp to power nationwide food ordering & delivery. $GRPN PR link.

Dollar Tree(PBR329) promotes Mike Witynski to COO. $DLTR PR link.

Fifth Third Bancorp(PBR345) hires Lars Anderson to be EVP/COO on 08/03/15. $FITB PR link.

Hershey Co(PBR347) hires Peter Horst as new Chief Marketing Officer, effective 07/27/15. Mike Wege now SVP/Chief Admin Officer. $HSY PR link.

Domino’s Pizza(PBR927) promotes Jeff Lawrence to EVP/CFO, succeeds Mike Lawton who is retiring at the end of August. $DPZ PR link.

Wednesday, July 15:
Amazon(PBR37) Studios announces Spike Lee’s Chi-Raq as first ever Amazon original movie. $AMZN PR link.

Nike(PBR98) gets $169 million apparel deal from 08/01/16 through 2027 with University of Michigan, MarketWatch article link.

Kinder Morgan(PBR198) to purchase 100% of Shell’s equity interest in the Elba LNG Liquefaction joint venture for $630 million. $KMI PR link.

Corning(PBR332) authorizes $2 billion shares repurchase program, expires 12/31/16. $GLW PR link.

Molina Healthcare(PBR375) to enter Chicago market with acquisition of Medicaid assets of 61,000 member MyCare Chicago. $MOH PR link.

Anixter(PBR398) to acquire the distributor Power Solutions segment of HD Supply for $825 million. $AXE PR link.

Netflix(PBR534) grows by 3.3 million subscribers in 2nd Quarter, now has over 65 million subscribers worldwide. $NFLX PR link.

Walter Energy(PBR920) reaches restructuring agreement with senior lendors, files for Chapter 11 bankruptcy. $WLTG PR link.

Gannett(PBR458) hires Kevin Gentzel as its first Chief Revenue Officer. $GCI PR link.

Juniper Networks(PBR501) hires Susan Lovegren as SVP/Human Resources, Bob Worrall as SVP/CIO. $JNPR PR link.

The US Dept of Labor says the June Producer Price Index for final demand was +0.4% over May, -0.7% for 12 months ended in June. USDOL PR link.

The US Federal Reserve Board in its G17 report says June Industrial Production was +0.3%, +1.5% over June 2014; Capacity Utilization was at 78.4% USFRB PR link.

The US Federal Reserve Board releases its latest Beige Book, overall districts are generally optimistic. USFRB PR link.

Tuesday, July 14:
Danaher(PBR139) completes $2.6 billion deal that combines its Communications unit with a subsidiary of NetScout Systems(NASDAQ: NTCT). $DHR PR link.

Molina Healthcare(PBR375) to acquire Medicaid assets of 25,000 member S. Florida firm Preferred Medical Plan. $MOH PR link.

Celgene(PBR381) to acquire immune/metabolics therapeutics developer Receptos(NASDAQ: RCPT) for $232/share, $7.2 billion. $CELG PR link.

Barnes & Noble(PBR388) approves publicly held Barnes & Noble Education spinoff, scheduled for 08/02/15, to start trading on 08/03/15 with symbol NYSE: BNED. $BKS PR link.

IAC(PBR669) soon to be spinoff The Match Group to acquire fellow dating site PlentyOfFish for $575 million. $IACI PR link.

WPX Energy(PBR713) to acquire privately held Permian Basin assets based RKI Exploration for $2.35 billion. $WPX PR link.

Guess?(PBR751) Co-Founder/CEO Paul Marciano announces that Victor Herroro to be new CEO in August. $GES PR link.

The US Dept of Commerce in advance report says June Retail & Food Sales were at $442.0 billion, -0.3% from May, +1.4% from June 2014. USDOC PR link.

Monday, July 13:
Valero Energy(PBR10) adds $2.5 billion to its available $400 million for stock repurchases. $VLO PR link.

Comcast(PBR44) to roll out $15/month TV streaming service across the US by the end of 2016, starting in Boston. $CMCSA PR link.

Medtronic(PBR161) to acquire detection/prevention of retained surgical items device company RF Surgical Systems for $235 million. $MDT PR link.

Computer Sciences(PBR209) files Form 10 for government services spinoff Computer Sciences GS, separation planned for October. $CSC PR link.

BorgWarner(PBR339) to acquire rotating electrical components producer Remy International for $29.50/share, $1.2 billion, to close in 4th quarter. $BWA PR link.

Jarden(PBR341) to acquire disposable tableware manufacturer The Waddington Group from private equity firm Olympus Partners for $1.35 billion. $JAH PR link.

PG&E(PBR175) announces promotion of several senior officers as part of restructuring program. $PCG PR link.

Jacobs Engineering(PBR213) hires Steven Demetriou as President/CEO, effective 08/17/15, to succeed retiring Craig Martin. $JEC PR link.

Dana Holding(PBR367) hires Jim Kamsickas as President/CEO, effective 08/11/15, succeeds retiring Roger Wood. $DAN PR link.

Xylem(PBR581) appoints Shashank Patel as Interim CFO upon resignation of Mike Speetzen, effective 07/30/15. $XYL PR link.

The US Dept of the Treasury says the June Surplus was $51.8B on Receipts of $342.9B. YTD Deficit is $313.4B. Treasury PR link.

Friday, July 10:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 17,760.41, +0.17% from last Thursday, +0.80% MTD/QTD, -0.35% YTD.
NASDAQ closes week at 4,997.70, -0.23% from last Thursday, +0.22% MTD/QTD, +5.52% YTD.
SPX closes week at 2,076.62, -0.01% from last Thursday, +0.65% MTD/QTD, +0.86% YTD.

Halliburton(PBR94) $34.6 billion acquisition of Baker Hughes(PBR124) deadline extended to 12/01/15 for time to satisfy US Dept of Justice requirements. $BHI PR link.

Edwards Lifesciences(PBR879) to acquire CardiAQ Valve Technologies for up to $400 million. $EW PR link.

Biogen(PBR358) R&D leader Doug Williams, PhD, leaving to become CEO of a startup, new R&D co-leaders announced. $BIIB PR link.

Tesla(PBR887) hires Ganesh Srivats to be in charge of North American Sales. $TSLA PR link.

The US Dept of Commerce says that May Merchant Wholesalers Sales were $449.8 billion, +0.3% from April, -3.8% from May 2014. USDOC PR link.

Thursday, July 9:
T-Mobile US(PBR115) adds 2.1 million customers in 2nd quarter, up 41% over previous year. $TMUS PR link.

eBay(PBR170) trying to sell e-commerce Enterprise unit, losing Toys R Us as a major client who plans to do its own e-commerce. MarketWatch article link.

Avon(PBR267) sells its UK based natural skincare line Liz Earle to Walgreens Boots Alliance(PBR36) for $215 million cash. $AVP PR link.

Coty(PBR524) to merge Proctor & Gamble’s(PBR32) Beauty Business into Coty in deal valued at $12.5 billion. $COTY PR link.

Charles River Labs(PBR1058) to acquire rapid bacterial detection equipment provider Celsis International for $212 million cash. $CRL PR link.

Walgreens Boots Alliance(PBR36) Interim CEO Stefano Pessina named CEO. $WBA PR link.

Conn’s(PBR1052) hires Thomas Moran as CFO, effective 07/27/15. $CONN PR link.

Wednesday, July 8:
The PBR1000 June 2015 Stocks/Commodities Snapshots summary is posted. Blog post.

Microsoft(PBR30) restructuring phone hardware business, to reduce staff by up to 7,800. $MSFT PR link.

Enterprise Products(PBR56) completes purchase of all Eagle Ford Shale member interests of EFS Midstream for $2.15 billion. $EPD PR link.

Ingredion(PBR371) to acquire privately held natural fruits and vegetables concentrates producer Kerr Concentrates for $100 million. $INGR PR link.

CA Technologies(PBR520) completes $480 million acquisition of Agile software development & services provider Rally Software(NYSE: RALY). $CA PR link.

Curtiss-Wright(PBR771) expands stock repurchase program to $300 million. $CW PR link.

Walter Energy(PBR920) gets delisting notice from NYSE because of stock price non-compliance. $WLT PR link.

Micron Technology(PBR166) hires Trevor Schulze as Chief Information Officer. $MU PR link.

Fifth Third Bancorp(PBR345) President/COO Greg Carmichael to become President/CEO on 11/01/15, will succeed retiring Kevin Kabat. $FITB PR link.

Darden Restaurants(PBR393) hires Jeff Davis as SVP/CFO, effective 07/16/15, reports to CEO Gene Lee. $DRI PR link.

Sprouts Farmers Market(PBR789) hires Shawn Gensch as Chief Marketing Officer, Dan Sanders as EVP of store operations. $SFM PR link.

Acxiom(PBR1073) hires Jeremy Allen as President of $445 million Marketing Services Division. $ACXM PR link.

The US Federal Reserve says May Consumer Credit increased at 5.75% annual rate, Revolving Credit 2%, Nonrevolving Credit 7%. FRB PR link.

The US Federal Reserve in its Federal Open Market Committee minutes of its 06/16-17/15 meeting says that economic activity is expanding moderately after little 1st quarter change. FRB PR link.

Tuesday, July 7:
Cisco(PBR58) to acquire private cloud based service renewals firm MaintenanceNet for $139 million. $CSCO PR link.

Carnival Corp(PBR176) gets US approval for travel to Cuba, expects to start in May, 2016. $CCL PR link.

Allergan(PBR297) gets exclusive worldwide rights licensing agreement for Merck(PBR63) CGRP migraine development program for $250 million plus incentives. $MRK PR link.

Frontier Communications(PBR497) hires Kathleen Weslock as EVP/Chief People Officer, effective 07/13/15, reports to President/CEO Daniel McCarthy. $FTR PR link.

Xylem(PBR581) hires Kairus Tarapore as SVP/Chief Human Resources Officer, effective 07/27/15, reports to President/CEO Patrick Decker. $XYL PR link.

The US Dept of Labor says May Job Openings were at 5.4 million, hires at 5.0 million, separations at 4.7 million. USDOL PR link.

The US Dept of Commerce says May International Trade deficit was -$41.9 billion on exports of $188.6 billion, imports of $230.5 billion. USDOC PR link.

Monday, July 6:
Cardinal Health(PBR27) completes acquisition of generics/OTC medications distributor The Harvard Drug Group for $1.115 billion. $CAH PR link.

Dollar Tree(PBR329) completes $9.2 billion cash/stock acquisition of discount retailer Family Dollar(PBR252). $DLTR PR link.

Advance Auto Parts(PBR382) to replace recently acquired Family Dollar on the S&P500 on 07/08/15. $AAP PR link.

LINN Energy(PBR810) sells remaining Permian Basin Wolfcamp acreage for $281 million. $LINE PR link.

SunEdison(PBR888) and spinoff TerraForm Power to acquire 930 megawatt contracted wind portfolio from Invenergy for $2 billion. $SUNE PR link.

JPMorgan Chase(PBR20) Stacey Friedman to succeed Steve Cutler next year as General Counsel; Cutler to be appointed Vice Chairman. $JPM PR link.

Axiall(PBR503) EVP Timothy Mann appointed Interim President/CEO upon immediate retirement of Paul Carrico, new CEO search starts. $AXLL PR link.

Friday, July 3:
US Stock Markets Closed
in Observance of Independence Day.
Give Thanks & Celebrate
Our History and Freedoms.

Humana(PBR71) to be acquired by Aetna(PBR57) for $230/share, $37 billion cash/stock. $HUM PR link.

Thursday, July 2:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 17,730.11, -1.21% from last Friday, +0.63% MTD/QTD, -0.52% YTD.
NASDAQ closes week at 5,009.21, -1.40% from last Friday, +0.45% MTD/QTD, +5.77% YTD.
SPX closes week at 2,076.78, -1.18% from last Friday, +0.66% MTD/QTD, +0.87% YTD.

Kraft Foods(PBR145) & HJ Heinz complete merger, new company is Kraft Heinz Co, to start trading as NASDAQ: KHC on 07/06/15. $KRFT PR link.

Centene(PBR244) to acquire health care plans provider Health Net(PBR239) for $6.8 billion cash/stock, to close in early 2016. $CNC PR link.

Biogen(PBR358) & AGTC(NASDAQ: AGTC) enter collaboration to develop gene therapies in ophthalmology, Biogen payments could exceed $1 billion. $BIIB PR link.

Barnes & Noble(PBR388) names Ron Boire CEO of Retail, effective 09/08/15; spinoff of College unit planned for August. $BKS PR link.

Freescale Semiconductor(PBR548) & Netherlands based NXP Semiconductor(NASDAQ: NXPI) stockholders approve $11.8 billion merger, to close 2nd half 2015. $FSL PR link.

Aeropostale(PBR868) continues aggressive expansion in Asia with new licensing agreements in India & Indonesia. $ARO PR link.

SunEdison(PBR888) & Gamesa(BME: GAM) form joint venture to develop 1 gigawatt of wind power plants by 2018. $SUNE PR link.

Intel(PBR52) President Renee James leaving, other executive leadership changes announced. $INTC PR link.

The US Dept of Labor says Total June Nonfarm Employment rose by 223,000, compared with an average monthly gain of 250,000 over the prior 12 months. June Unemployment Rate drops 0.2% to 5.3%. USDOL PR link.

The US Dept of Commerce says May New Manufactured Goods Orders were down $4.5 billion, -1.0%, to $470.5 billion, down 9 of last 10 months. USDOC PR link.

Wednesday, July 1:
General Electric(PBR9) $3.3 billion sale of Appliances unit dened by US Dept of Justice; Swedish based Electrolux to fight decision. Electrolux PR link.

Hewlett-Packard(PBR19) Enterprise files Form 10 to become a separate publicly traded company, planned for November. $HPQ PR link.

INTL FCStone(PBR64) merges 3 US subsidiaries into INTL FCStone Financial Inc. $INTL PR link.

DuPont(PBR83) completes spinoff of its Performance Chemicals unit as The Chemours Company, trading as NYSE: CC. $DD PR link.

Hess Corp(PBR114) completes $2.675 billion sale of Bakken midstream assets, establishes Bakken Midstream joint venture with Global Infrastructure Partners valued at $5.35 billion. $HES PR link.

eBay(PBR170) PayPal unit buying international money transfers/remittances processor Xoom(NASDAQ: XOOM) for $25/share, $890 million. $EBAY PR link.

Baxter Intl(PBR179) spinoff Baxalta starts 1st day as biopharmaceutical with base of $6 billion in annual sales. $BXLT PR link.

Chubb Corp(PBR200) to be acquired by Ace Ltd(NYSE: ACE) for $28.3 billion cash/stock, expects to close in 1st quarter 2016. $CB PR link.

MeadWestvaco(PBR439) & Rock-Tenn(PBR278) complete merger, name combined company WestRock(NYSE: WRK)(PBR278). $WRK PR link.

CF Industries(PBR438) to acquire remaining 50% in UK based nitrogen production company GrowHow from Yara Intl for $580 million. $CF PR link.

McGraw Hill(PBR477) JD Power division acquires NADA Used Car Guide. $MHFI PR link.

Constellation Brands(PBR483) to acquire Napa Valley wine brand Meiomi from Copper Cane for $315 million. $STZ PR link.

Energizer Holdings(PBR527) completes spinoff of Household Products division, changes name to Edgewell Personal Care Company, now trading as NYSE: EPC. $EPC PR link.

Energizer Holdings(PBR527) completes spinoff as a public company from parent Edgewell Personal Care Co. $ENR PR link.

Apollo Global Mgmt(PBR531) acquires 2 million clients business/home security firm Protection 1 & also ASG Security. $APO PR link.

Patterson Cos(PBR563) to sell its medical business to Madison Dearborn Ptnrs for $715 million cash. $PDCO PR link.

Graham Holdings(PBR610) completes spin-off of separate publicly traded company Cable ONE(NYSE: CABO). $GHC PR link.

American Tower(PBR625) closes acquisition of 4,700 communication sites in Nigeria from Bharti Airtel. $AMT PR link.

Caesars Entertainment(PBR301) announces Mark Frissora has assumed role of President/CEO. $CZR PR link.

Peabody Energy(PBR355) promotes Amy Schwetz to EVP/CFO, upon resignation of Michael Crews. $BTU PR link.

Men’s Wearhouse(PBR781) hires Bruce Thorn as COO, reports to CEO Doug Ewert. $MW PR link.

The US Dept of Commerce reports that May Construction Spending was at a $1,035.8 billion annual rate, +0.8% from April, +8.2% from May 2014. USDOC PR link.

The PBR1000 June 2015 Breaking News Recap is posted on the BLOG page. You can also click here.

(The PBR1000 is the premiere comparative data and reporting service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate over $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your annual subscription, just go to the PBRMarketTools.com Order page.)

(Photo courtesy of freedigitalphotos.net, Sujin Jetkasettakorn.)

Filed Under: Recaps Tagged With: , , , , , , , , ,

The PBR1000 June 2015 Breaking News Recap

July 2, 2015 by
0915-business-1100021756-10182013

In the Digital Age We Still Shake Hands When Making the Big Deal.

 

By Larry C. Paxton

There were the usual number of interesting acquisitions/mergers among The PBR1000 during June 2015. The energy sector saw some activity as well with the companies continuing to adjust to lower oil prices, which look like they might be here to stay.

Spin-offs were a major theme as well, with several scheduled to be concluded during the second half of the year.

The US economy continues to send mixed signals, but overall it continues to show moderate growth, and appears to be not quite as fragile. The Federal Reserve seems to indicate that if the numbers continue to show some growth that there will most likely be a very modest increase or two in interest rates in 2015.

However, on the  international scene the Greece/Eurozone drama continues. It will be difficult for all parties involved, whatever the resolution.

The revelation late in the month that the US territory of Puerto Rico also has  severe economic issues was a surprise for most of us. It will be interesting to see how that plays out.

Following are The PBR1000 and economic related news items of note for June 2015, starting with the last active day.

Tuesday, June 30:
The PBR1000 June 2015 Monthend US Stock Exchanges Snapshot:
DJIA closes month at 17,619.51, -1.82% from last Friday, -2.17% MTD, -0.88% QTD, -1.14% YTD.
NASDAQ closes month at 4,986.87, -1.84% from last Friday, -1.64% MTD, +1.75% QTD, +5.30% YTD.
SPX closes month at 2,060.36, -1.96% from last Friday, -2.23% MTD, -0.36% QTD, +0.07% YTD.

Apple(PBR4) launches Apple Music streaming service, men most likely to try it. $AAPL PR link.

General Electric(PBR9) selling its European Sponsor Finance unit to Sumitomo Mitsui Banking for $2.2 billion. $GE PR link.

Cisco(PBR58) announces intent to acquire privately held advanced threat protection provider OpenDNS for $635 million. $CSCO PR link.

Emerson Electric(PBR112) to spinoff Network Power as a separate public company, exploring other strategic actions. $EMR PR link.

ConAgra Foods(PBR149) announces plan to exit Private Brands operations. $CAG PR link.

Blackstone Group(PBR374) selling security services provider AlliedBarton unit to Wendel SE for $1.67 billion. $BX PR link.

JetBlue(PBR441) starts charging baggage fees, $20-35/bag. $JBLU PR link.

Asbury Automotive(PBR449) acquires Jacksonville, FL, $90 million/yr Mike Davidson Ford, to be renamed Coggin Ford. $ABG PR link.

Towers Watson(PBR613) & Willis to merge by year end in stock transaction valued at $18 billion. $TW PR link.

Brookdale Senior Living(PBR692) & HCP(PBR866) complete acquisition of 35 private pay senior living communities from Chartwell Retirement Residences for $847 million. $BKD PR link.

Nortek(PBR822) acquires private Numera’s mobile personal emergency response system/ telehealth assets. $NTK PR link.

Pep Boys(PBR874) board reviewing strategic alternatives, including sale, merger, or other plan. $PBY PR link.

Hewlett-Packard(PBR19) Enterprise Group EVP Bill Veghte leaving this summer, Antonio Neri to be EVP/GM, Chris Hsu COO upon separation from HP. $HPQ PR link.

Kroger(PBR25) President/COO Mike Ellis has retired, no successor named. $KR PR link.

Walt Disney(PBR54) promotes treasurer Christine McCarthy to CFO, Kevin Mayer named SVP/Chief Strategy Officer. $DIS PR link.

Nike(PBR98) & Chairman Phil Knight announce start of succession plan, President/CEO Mark Parker recommended. $NKE PR link.

Cummins(PBR157) Chief Technical Officer John Wall is retiring, Jennifer Rumsey is successor. $CMI PR link.

Domino’s Pizza(PBR927) hires Troy Ellis as EVP/Supply Chain, reports to CEO, succeeds retiring John Macksood. $DPZ PR link.

Pier 1 Imports(PBR933) hires Jeff Boyer as EVP/CFO, effective 07/27/15. $PIR PR link.

The US Dept of Commerce says that at the end of the 1st quarter the US Net International Investment Position was -$6,794.0 billion, 4th quarter 2014 was -$7,019.7 billion. USDOC PR link.

Monday, June 29:
General Electric(PBR9) selling its US, Mexico, Australia, & New Zealand fleet businesses to Canada based Element Financial for $6.9 billion. $GE PR link.

Microsoft(PBR30) selling its mapping assets & making available employees to ridesharing company Uber. MarketWatch article link.

Comcast(44) NBC Universal unit reports it has terminated its business arrangements with business man/presidential candidate Donald Trump because of his derogatory statements on immigrants. $CMCSA article link.

Sysco(PBR60) terminates $8.2 billion merger agreement with US Foods(NR), announces $3 billion shares repurchase program. $SYY PR link.

Kraft Foods(PBR145) announces executive leadership team for upcoming $10 billion Kraft Heinz merger. $KRFT PR link.

Campbell Soup(PBR315) completes $231 million acquisition of salsa and organic foods company Garden Fresh. $CPB PR link.

Celgene(PBR381) makes $1 billion initial $93/share investment in Juno Therapeutics(NASDAQ: JUNO) for immunotherapeutics collaboration. $CELG PR link.

Gannett(PBR458) completes TEGNA spinoff, new Gannett focus is now being largest local-to-national media company, flagship unit is USA Today. Robert Dickey is CEO. $GE PR link.

TEGNA announces completion of spinoff from Gannett(PBR458), trading as NYSE: TGNA.
$TGNA PR link.

Dresser-Rand(PBR664) gets approval by European Commission to be acquired by Germany’s Siemens AG for $7.6 billion, to close 06/30/15. $DRC PR link.

Friday, June 26:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 17,946.68, -0.38% from last Friday, -0.36% MTD, +0.96% QTD, +0.69% YTD.
NASDAQ closes week at 5,080.51, -0.71% from last Friday, +0.21% MTD, +3.67% QTD, +7.27% YTD.
SPX closes week at 2,101.49, -0.40% from last Friday, -0.28% MTD, +1.62% QTD, +2.07% YTD.

eBay(PBR170) sets 07/17/15 for spinoff of independent publicly traded PayPal, to start trading on 07/20/15, symbol PYPL. $EBAY PR link.

NII Holdings(PBR495) has emerged from Chapter 11 Reorganization, soon to be traded on NASDAQ, symbol NIHD. $NIHDQ PR link.

Thursday, June 25:
Kroger(PBR25) increases quarterly dividend, to do 2:1 stock split 07/13/15, approves new $500 million share repurchase program. $KR PR link.

General Mills(PBR148) plans to cut up to 725 jobs as part of a restructuring. MarketWatch article link.

Bristol-Myers Squibb(PBR165) to expand R&D with opening/closing of facilities. $BMY PR link.

Rumor: Valeant Pharmaceuticals has made preliminary approach to buy Zoetis(PBR514). MarketWatch article link.

IAC(PBR669) to pursue an IPO for its dating industry The Match Group unit. Also promotes Joey Levin as IAC CEO; CFO Jeff Kip resigning, will continue to serve on interim basis. $IACI PR link.

Brinker Intl(PBR688) acquires franchisee Pepper Dining with its 103 Chili’s Grill & Bar Restaurants for $106.5 million. $EAT PR link.

Target(PBR38) EVP/Chief Merchandising Officer Kathee Tesija to move to advisory role effective 07/06/15, internal/external search to start for position. $TGT PR link.

Dollar General(PBR153) appoints John Garratt as Interim CFO, effective 07/01/15, replaces retiring David Tehle. $DG PR link.

Medtronic(PBR161) promotes Geoff Martha to EVP & President, Restorative Therapies Group & Bill Burke as Chief Integration Officer for Covidien unit, both report to Chairman/CEO Omar Ishrak. $MDT PR link.

Donaldson Co(PBR780) VP/Global Operations Joe Lehman retiring 08/01/15, Rich Lewis to take role at that time. $DCI PR link.

The US Dept of Commerce reports that the May Total Personal Income was at a $15.307 trillion annual rate, +0.5% over April, Personal Savings at 5.1% rate. USDOC PR link.

Wednesday, June 24:
IBM(PBR24) & Box(NYSE: BOX) form global partnership to integrate their products & services in a cloud based environment. $IBM PR link.

Zimmer(PBR506) completes $14 billion acquisition of Biomet, renamed Zimmer Biomet, to start trading as NYSE: ZBH on 06/29/15. $ZMH PR link.

Ferrellgas(BR791) completes acquisition of integrated crude oil midstream services company Bridger Logistics for $837 million. $FGP PR link.

Cree(PBR965) to restructure LED business, authorizes $500 million buyback program. $CREE PR link.

AFLAC(PBR117) hires Fred Crawford as EVP/CFO, effective 06/30/15, reports to Chairman/CEO Daniel Amos. $AFL PR link.

The US Dept of Commerce in 3rd estimate says 1st Quarter 2015 Gross Domestic Product was revised from -0.7% to -0.2%, $17.693 trillion. USDOC PR link.

Tuesday, June 23:
Fun Fact: In 2014 The PBR1000 employed 33.7 million people worldwide, up 2.68% from 2013.

Verizon(PBR15) completes $50/share, $4.4 billion acquisition of digital content/advertisiing company AOL(PBR812), which is now a wholly owned subsidiary. $ANTM PR link.

Canada based mobile communications company Blackberry(NASDAQ: BBRY) and Cisco(PBR58, NASDAQ: CSCO) sign broad patent cross-licensing agreement. BlackBerry PR link.

3M(PBR92) to acquire personal protective equipment provider Capital Safety from KKR(PBR272) for $2.5 billion. $MMM PR link.

Wholly owned subsidiary Freeport-McMoRan(PBR132) Oil & Gas files for IPO, requests trading symbol FMOG. $FCX PR link.

Darden Restaurants(PBR393) to spinoff 430 restaurants into a separate publicly held REIT. $DRI PR link.

Netflix(PBR534) to do 7:1 stock split on 07/14/15. $NFLX PR link.

Jordan Spieth(Pro Golfer): Under Armour(PBR809) took a chance on me MarketWatch article link.

Boeing(PBR31) President/COO Dennis Muilenberg to become President/CEO on 07/01/15, Jim McNerney to remain Chairman. $BA article link.

The Dept of HUD says that May New Single-Family Home Sales were at a 546,000 annual rate, 2.2% above April, 19.5% above May 2014. HUD PR link.

Monday, June 22:
Anthem(PBR40) offers to acquire fellow health benefits company Cigna(PBR88) for $184/share, $53.8 billion. $ANTM PR link.

Cigna(PBR88) says Anthem’s(PBR40) $184/share unsolicited offer is undervalued. $CI PR link.

Pfizer(PBR53) to acquire quadrivalent meningitis ACWY vaccines Nimenrix & Mencevax from GlaxoSmithKline for $130 million. $PFE PR link.

Energy Transfer Equity(PBR55) confirms $64/share, $53.1 billion unsolicited offer to acquire Williams Cos(PBR361). $ETE PR link.

Williams Cos(PBR361) advises stockholders that the Energy Transfer Equity(PBR55) $64/share offer is undervalued. $WMB PR link.

General Mills(PBR148) to remove artificial flavors & colors from remaining 40% of cereal products by the end of 2017. $GIS PR link.

Fifth Third Bancorp(PBR345) to consolidate/sell 100 branch offices to improve efficiency. $FITB PR link.

Gannett(PBR458) soon to be spinoff broadcasting/digital provider TEGNA to trade as NYSE:TGNA starting 06/29/15. $GCI PR link.

Gannett(PBR458) announces plans after TEGNA spinoff. $GCI PR link.

Arthur J Gallagher(PBR647) acquires California workers compensation insurer Monument. $AJG PR link.

Global Payments(PBR756) to roll out American Express(PBR86) OptBlue merchant program in Canada on 06/24/15. $GPN PR link.

Brookdale Senior Living(PBR692) President/CFO Mark Ohlendorf to focus on being President, COO Richard Gregory leaving 09/30/15. $BKD PR link.

The National Assn of Realtors reports that May Existing Home Sales were at a 5.35 million annual rate, +5.1% over April, median price at $228,700. NAR PR link.

Friday, June 19:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 18,015.95, +0.65% from last Friday, +0.03% MTD, +1.35% QTD, +1.08% YTD.
NASDAQ closes week at 5,117.00, +1.30% from last Friday, +0.93% MTD, +4.41% QTD, +8.04% YTD.
SPX closes week at 2,109.00, +0.76% from last Friday, +0.12% MTD, +2.04% QTD, +2.48% YTD.

Medtronic(PBR161) has acquired assets of privately held medical device manufacturer Aptus Endosystems for $110 million. $MDT PR link.

Medtronic(PBR161) increases dividend payout, authorizes 80 million shares buyback program. $MDT PR link.

Medtronic(PBR161) acquires privately held medical device manufacturer CardioInsight Technologies for $93 million. $MDT PR link.

L Brands(PBR248) authorizes new $250 million shares buyback program. $LB PR link.

Hershey Co(PBR347) simplifies structure, makes executive leadership changes, 300 jobs to be cut. $HSY PR link.

Enbridge(PBR352) transfers $30.4 billion of Canadian pipelines & energy business to its Income Fund. $EEP PR link.

NII Holdings(PBR495) gets confirmation of Plan of Reorganization by Bankruptcy Court. $NIHDQ PR link.

Aeropostale(PBR868) EVP Design/Merchandising Emilia Fabricant is leaving, no replacement planned. $ARO PR link.

Apache Corp(PBR169) EVP/Executive Advisor to CEO Rod Eichler retiring at the end of June after 21 years with the company. $APA PR link.

Thursday, June 18:
Allstate(PBR87) pays out $178 million in May claims for 8 events. $ALL PR link.

PBF Energy(PBR138) to purchase New Orleans area 189,000 barrels/day Chalmette Refining for $322 million. $PBF PR link.

News Corp(PBR299) to cut jobs, shift resources to digital media $NWS PR link.

News Corp(PBR299) extends stockholder rights plan to 06/18/18. $NWS PR link.

Health Care REIT(PBR693) joint venture with Canada’s Revera to acquire 23 senior housing communities with 3,600 units Canada based Regal Lifestyle Communities for $623 million. $HCN PR link.

HCP(PBR866) EVP/Chief Investment Officer Paul Gallagher has resigned, effective 06/30/15. $HCP PR link.

The US Dept of Labor says May average earnings/hour was at $24.96, weekly earnings $861.12 for a 34.5 hour week. USDOL PR link.

The US Dept of Labor reports that the May Consumer Price Index was +0.4%, 0.0% over the last 12 months. USDOL PR link.

Wednesday, June 17:
The PBR1000 Fun Fact: Through May ThePBR1000 companies had $3.467 trillion in earnings per share over the past year, paid out $0.955 trillion in dividends, for a payout of 27.55%.

Marriott Intl(PBR210) global hotel portfolio added to TripAdvisor(NASDAQ: TRIP) Instant Booking platform in partnership. $MAR PR link.

Allergan(PBR297) to acquire facial aesthetics developer KYTHERA Pharmaceuticals(NASDAQ: KYTH) for $2.1 billion. $AGN PR link.

Celgene(PBR381) adds $4 billion to its $5.2 billion shares repurchase program. $CELG PR link.

Patterson Cos(PBR563) completes acquisition of production distribution company Animal Health International for $1.1 billion cash, will double revenues. $PDCO PR link.

Tesla(PBR887) partners with leading researcher to cut battery costs, report MarketWatch article link.

Hill-Rom(PBR954) to acquire privately held medical diagnostic equipment manufacturer Welch Allyn for $2.05 billion cash/stock. $HRC PR link.

Microsoft(PBR30) announces senior leadership changes to align engineering to corporate strategy. $MSFT PR link.

Priceline(PBR365) hires Maelle Gavet as EVP, Global Operation, reports to President/CEO Darren Huston. $PCLN PR link.

The US Federal Open Market Committee says the US economy is expanding moderately, anticipates small rate increase this year. FOMC PR link.

Tuesday, June 16:
Coty($COTY) buys 3 businesses from P&G(PBR32, $PG) for $12 billion. MarketWatch article link.

Starbucks(PBR164) Mobile Order & Pay service expands to 3,400 additional US stores. $SBUX PR link.

Starbucks(PBR164) to close all 23 La Boulange retail bakery locations & 2 manufacturing facilities by Sept. $SBUX PR link.

Discover Financial(PBR281) closing mortgage origination business, offer 460 employees severance packages. $DFS PR link.

Starwood Hotels(PBR405) files SEC Form 10 for publicly traded 4th quarter spinoff vacation ownership business named Vistana Signature Experiences. $HOT PR link.

Under Armour(PBR809) to issue Class C non-voting shares with 2:1 stock split effect. $UA PR link.

21st Century Fox(PBR89) Co-COO James Murdoch to become CEO on 07/01/15, Rupert Murdoch & Lachlan Murdoch to be Executive Co-Chairman, Chase Carey Executive Vice Chairman. $FOX PR link.

Magellan Health(PBR606) hires John Littel as SVP, Government Affairs & Communications. $MGLN PR link.

US Dept of HUD reports that May Private Housing Units Bldg Permits are at a 1,275,000 annual rate, +11.8% over April, +25.4% over May 2014. USHUD PR link.

Monday, June 15:
CVS Health(PBR13) to acquire Target’s(PBR38) 1, 660 locations pharmacy/clinical services businesses for $1.9 billion, rebrand. $CVS PR link.

United Technologies(PBR45) to decide by 3rd quarter end to sell or spinoff Sikorsky Aircraft unit. $UTX PR link.

Gap Inc(PBR168) to close 175 N. American stores, reduce headquarters staff by 250. $GPS PR link.

Arthur J Gallagher(PBR647) to acquire $50 million/yr Boston based William Gallagher Associates Insurance Brokers. $AJG PR link.

Standard Pacific(PBR908) and Ryland Group(PBR856) to merge, form 4th largest US homebuilder. $SPF PR link.

Constellation Brands(PBR483) CFO Bob Ryder is leaving, Beer Division CFO David Klein to succeed Ryder. $STZ PR link.

Pep Boys(PBR874) hires Scott Sider as CEO, effective immediately. $PBY PR link.

Lumber Liquidators(PBR1093) Chief Marketing Officer Marco Pescara given additional Merchandising responsibilities, William Schlegel employment being terminated. $LL PR link.

Friday, June 12:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 17,898.84, +0.28% from last Friday, -0.62% MTD, +0.69% QTD, +0.43% YTD.
NASDAQ closes week at 5,051.10, -0.34% from last Friday, -0.37% MTD, +3.06% QTD, +6.65% YTD.
SPX closes week at 2,094.11, +0.06% from last Friday, -0.63% MTD, +1.27% QTD, +1.71% YTD.

FedEx(PBR61) to take a $2.2 billion charge in 4th quarter for change in pension accounting. $FDX PR link.

Reynolds American(PBR316) completes $27.4 billion acquisition of fellow cigarette manufacturer Lorillard(PBR357), British American Tobacco retains 42% ownership stake in RAI with $4.7 billion equity investment. $RAI PR link.

International Flavors & Fragrances(PBR677) to expand into cosmetics ingredients, to acquire Lucas Meyer Cosmetics for $311 million. $IFF PR link.

The US Dept of Labor reports that the US May Producer Price Index for final demand was +0.5%, -1.1% for 12 months. USDOL PR link.

Thursday, June 11:
Google’s(PBR46, $GOOGL) next project is fixing congested cities. MarketWatch article link.

Hess(PBR114, $HES) to net $3 billion in Bakken midstream joint venture deal MarketWatch article link.

PayPal gears up to tap global payments market after split from eBay(PBR170, $EBAY). MarketWatch article link.

Whole Foods(PBR195, $WFM) lower-cost stores to be named ‘365 by Whole Foods Market’. MarketWatch article link.

HealthSouth(PBR827, $HLS) to buy in patient rehab hospital operator for $730 million. MarketWatch article link.

Tesla(PBR887) snaps up former Solyndra plant: report. MarketWatch article link.

Rupert Murdoch to step down as CEO of 21st Century Fox(PBR89, $FOX) MarketWatch article link.

Kohl’s(PBR141) announces senior executive leadership changes for CFO, COO, Chief Admin Officer, Chief Merchandise/Customer Service Officer, structure. $KSS PR link.

Campbell Soup(PBR315) hires Adam Ciongoli as SVP/General Counsel, reports to president/CEO Denise Morrison. $CPB PR link.

Orbital ATK(PBR494) promotes Scott Lehr as president of Flight Systems Group, effective 07/01/15. $OA PR link.

Pep Boys(PBR874, $PBY) and GAMCO reach understanding. MarketWatch article link.

US retail sales jump 1.2% in May. MarketWatch article link.

US import prices surge 1.3% in May, flat minus fuel. MarketWatch article link.

Corporate debt continues to mount as household wealth climbs $1.3 trillion MarketWatch article link.

Wednesday, June 10:
Johnston Controls(PBR65) announces it is exploring strategic options for the separation of its automotive business. $JCI PR link.

Nike(PBR98) wins NBA sponsorship deal away from Adidas MarketWatch article link.

Visteon(PBR338) hires Sachin Lawande as president/CEO, effective 06/29/15. $VC PR link.

Netflix(PBR534) shares skyrocket with talk of looming stock split. MarketWatch article link.

Hawaiian Electric(PBR639) shareholders approve acquisition by NextEra Energy(PBR181), still need regulatory approvals. $HE PR link.

Men’s Wearhouse(PBR781) gets agreement to operate 300 Macy’s(PBR97) tuxedo shops & online rentals. $MW PR link.

Dollar General(PBR153) announces Jeff Owen rejoining as EVP Store Operations. $DG PR link.

Tesla(PBR887) annual stockholders meeting highlights; CFO Deepak Ahuja to retire. MarketWatch article link.

The US Dept of the Treasury reports am $82 billion budget deficit in May. MarketWatch article link.

US healthcare spending falls 0.4% in first quarter. MarketWatch article link.

Employee compensation grew 4.9% in first quarter. MarketWatch article link.

World Bank revises 2015 global growth, forecasts US at 2.0%. WorldBank PR link.

Tuesday, June 9:
General Motors(PBR7, $GM) says not interested in merger with FiatChrysler MarketWatch article link.

General Electric(PBR9, $GE) to sell buyout unit to Canada pension fund for $12 billion MarketWatch article link.

Commercial Int’l Bank buys CitiGroup’s(PBR26, $C) Egypt retail ops MarketWatch article link.

Amazon(PBR37, $AMZN) to open fulfillment center in #Dallas, create more than 1,500 #jobs MarketWatch article link.

Prudential Financial(PBR70) authorizes $1 billion shares repurchase program over next 12 months. $PRU PR link.

McDonald’s(PBR96, $MCD) names ex-Obama press secretary Robert Gibbs as global communications officer MarketWatch article link.

Kraft Foods(PBR145) special stockholders meeting set for 07/01/15 to vote on acquisition by HJ Heinz. $KRFT PR link.

Campbell Soup(PBR315, $CPB) to acquire salsa and organic foods company Garden Fresh for $231 million. MarketWatch article link.

Visteon(PBR338, $VC) completes $3.6B deal, to return up to $2.6B to shareholders MarketWatch article link.

WhiteWave Foods(PBR758) to acquire Canada based plant-based nutrition products provider Vega for $550 million. $WWAV PR link.

April job openings rise to record high of 5.38 million MarketWatch article link.

US wholesale inventories climb 0.4% in April MarketWatch article link.

Foreclosure inventory down by 25% over the last year, CoreLogic says MarketWatch article link.

Monday, June 8:
The PBR1000 May Snapshots Fact: The Market Capitalization for 05/29/15 was $21.622 trillion, the Top 10 companies totaled $3.527 trillion(16.31%), the median was $6.63 billion.

Humana(PBR71) mum on takeover talk, to stay quiet till July 29. MarketWatch article link.

Swiss based crop protection & seeds company Syngenta rejects Monsanto’s(PBR173) 2nd unsolicitied CHF449/share, $45 billion, offer. Syngenta PR link.

RR Donnelley(PBR253) completes acquisition of digital printing, publishing co Courier Corp(NASDAQ: CRRC) for $261 million. $RRD PR link.

Masco(PBR319) to spin-off Installation & Other Services assets & operations to TopBuild Corp(NYSE: BLD), to start regular trading on 07/01/15. $MAS PR link.

Starwood Hotels(PBR405) sells Scottsdale, AZ, luxury resort The Phoenician to Host Hotels(PBR456) for $400 million. $HOT PR link.

Host Hotels(PBR456) announces acquisition of The Phoenician, asset sales, stock repurchases, other strategic initiatives. $HST PR link.

Gannett(PBR458) board approves spin-off of TEGNA, to start trading as NYSE: TGNA on 06/29/15. $GCI PR link.

Apollo Global Mgmt(PBR531) acquiring worldwide France based glass bottles & jars manufacturer Verallia from Saint-Gobain for $3.24 billion. $APO PR link.

Babcock & Wilcox(PBR637) Power Generation publicly traded spinoff to be named Babcock & Wilcox Enterprises(NYSE: BW), remaining company BWX Technologies(NYSE: BWXT), to start trading 07/01/15. $BWC PR link.

Stifel Financial(PBR885) to acquire Barclays’ Wealth and Investment Management, Americas, with its 180 US advisers managing $56 billion in client assets, to close mid November. $SF PR link.

General Cable(PBR385) CEO Gregory Kenny retiring 07/01/15, Michael McDonnell hired to be president/CEO at that time. $BGC PR link.

Friday, June 5:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 17,849.46, -0.90% from last Friday & MTD, +0.41% QTD, +0.15% YTD.
NASDAQ closes week at 5,068.46, -0.03% from last Friday & MTD, +3.42% QTD, +7.02% YTD.
SPX closes week at 2,092.83, -0.69% from last Friday & MTD, +1.21% QTD, +1.65% YTD.

Cardinal Health(PBR27) to acquire generics/OTC medications distributor The Harvard Drug Group for $1.115 billion, to close in beginning of 2016. $CAH PR link.

Comcast(PBR44) has agreed to acquire ad tech company Visible World. MarketWatch article link.

DuPont(PBR83) Performance Chemicals spin-off The Chemours Company to begin regular trading as a separate public company on 07/01/15 with symbol NYSE: CC. $DD PR link.

Apache Corp(PBR169) completes sale of Australian subsidiary Apache Energy Limited to a consortium of private equity funds managed by Macquarie Corporate Holdings Limited and Brookfield Asset Management Inc. (NYSE: BAM) for $1.9 billion. $APA PR link.

Baxter Intl(PBR179) board approves spin-off of biopharmaceuticals unit Baxalta, to begin trading as a separate public company 07/01/15, symbol NYSE: BXLT. $BAX PR link.

Apollo Global Mgmt(PBR531) & Italy based insurance company Banca Carige sell Carige Vita Nuova & Carige Assicurazioni for $341 million, sign long term agreements. $APO PR link.

Arthur J Gallagher(PBR647) acquires national employee benefits brokerage & consulting firm Solid Benefit Guidance. $AJG PR link.

Walmart(PBR1): Rob Walton resigns as chairman, remains a director, Greg Penner elected new chairman. $WMT PR link.

Dick’s Sporting Goods(PBR400) hires Teri List-Stoll as EVP/CFO, starts in August. $DKS PR link.

The US Dept of Labor says in May Employment Situation that 280,000 new jobs were created, unemployment rate at 5.5%. USDOL PR link.

The US Federal Reserve in its April G19 report says consumer credit was up at a +7.25% annual rate, revolving credit +11.5%, nonrevolving credit +5.75%. USFRB PR link.

Thursday, June 4:
The PBR1000 Fun Fact: The PBR1000 End of May Market Capitalization Total was $21.622 trillion, +0.98% over April, +2.44% YTD, for 1,062 cos.

Amazon(PBR37) receives Most Reputable US Retailer for the 3rd year in a row by the Reputation Institute. MarketWatch article link.

Goodyear Tire(PBR137) & Japan’s Sumitomo Rubber Industries dissolve global alliance of 4 joint ventures, provides details. $GT PR link.

Facebook(PBR327) to start rolling out Facebook Lite. $FB PR link.

CA Technologies(PBR520) acquires private test data management company Grid-Tools, terms not disclosed. $CA PR link.

Intuit’s(PBR521) QuickBooks Online passes 1 million paid subscribers. $INTU PR link.

Carlyle Group(PBR528) completes acquisition of public UK based 2,500 employee Nationwide Accident Repair Services. $CG PR link.

Magellan Health(PBR606) restructuring into 2 units, new CEO for Rx unit on 07/01/15. $MGLN PR link.

Graham Holdings(PBR610) to spin-off its Cable One subsidiary as a public company, effective 07/01/15, with symbol NYSE: CABO. $GHC PR link.

Cisco(PBR58) incoming CEO Chuck Robbins names 10 of the new executive management team. $CSCO PR link.

Delta Air Lines(PBR78) hires Peter Carter as EVP/Chief Legal Officer, reports to CEO Richard Anderson, effective 07/13/15. $DAL PR link.

Carnival Corp(PBR176) names Tara Russell to lead new ‘fathom’ brand for global sustained social impact travel. $CCL PR link.

The US Dept of Labor reports that Unemployment Claims for the Week Ending 05/30/15 were at 276,000, -8,000 from 05/23/15, was 314,000 a year ago. USDOL PR link.

The US Dept of Labor reports that the 1st Quarter Nonfarm Labor Productivity was at a -3.1% annual rate, output -1.6%, hrs worked +1.6%. USDOL PR link.

Wednesday, June 3:
CBS Corp(PBR178) SHOWTIME unit to launch a standalone internet streaming service in early July initially to Apple(PBR4) customers for $10.99/mo. $CBS PR link.

Yahoo!(PBR500) selected by National Footbal League to deliver first global live stream of an NFL football game 10/25/15. $YHOO PR link.

Wendy’s(PBR777) authorizes $1.4 billion shares buyback program, updates 2015 & long term outlook. $WEN PR link.

E*TRADE Financial(PBR947) exceeds $50 billion in retirement assets. $ETFC PR link.

Groupon(PBR750) promotes Rich Williams to COO; CFO Jason Child leaving 07/31/15, VP Bryan Kayman named Interim CFO. $GRPN PR link.

The US Dept of Commerce reports that the April International Goods and Services deficit was $40.9 billion, down $9.7 billion from March. USDOC PR link.

The US Federal Reserve Bank releases the Beige Book, outlook generally optimistic, economy expected to grow at a modest to moderate pace. FRB PR link.

Tuesday, June 2:
GameStop(PBR287) to acquire ThinkGeek retailer parent Geeknet(NASDAQ: GKNT) for $20/share, $140 million. $GME PR link.

Anixter(PBR398) completes sale of its OEM Supply-Fasteners segment to American Industrial Partners(NR) for $380 million cash. $AXE PR link.

Energizer Holdings(PBR527) doing 10 million shares, $1.4 billion stock buyback purchase program, to carry over to Edgewell Personal Care Company after spin-off completed on 07/01/15. $ENR PR link.

Wendy’s(PBR777) completes sale of bakery business to East Balt Bakeries. $WEN PR link.

AOL(PBR812) introduces new homepage with emphasis on mobile first, video-driven destination & content. $AOL PR link.

CNA Financial(PBR263) hires Kevin Leidwinger as President/COO CNA Commercial, reports to CNA Chairman/CEO Tom Motamed, effective 06/22/15. $CNA PR link.

Hershey Co(PBR347) International President Bert Alfonso retiring by 06/30/15. $HSY PR link.

Mattel(PBR383) CEO reshuffles top execs to jumpstart turnaround. MarketWatch article link.

Carpenter Technology(PBR842) promotes SVP/CFO Tony Thene to CEO, effective 07/01/15. $CRS article link.

Cimarex Energy(PBR890) CFO Paul Korus to retire by 09/01/15, VP Mark Burford to become CFO at that time. $XEC article link.

Griffon Corp(PBR891) promotes VP/Controller Brian Harris to SVP/CFO reporting to President/COO Robert Mehmel. $GFF article link.

The US Dept of Commerce reports that April New Orders for Manufactured Goods was -0.4% to $476.7 billion, was +2.2% in March. USDOC PR link.

Monday, June 1:
General Electric(PBR9) begins sale process for $40 billion chunk of U.S. lending unit. MarketWatch article link.

Microsoft(PBR30) making Windows 10 available as a free upgrade on 07/29/15. $MSFT PR link.

Intel(PBR52) to acquire field-programmable gate array technology company Altera(PBR942) for $54/share, $16.7 billion cash, to close in 6-9 months. $INTC PR link.

Enterprise Products(PBR56) to purchase all Eagle Ford Shale member interests of EFS Midstream for $2.15 billion. $EPD PR link.

Humana(PBR71) completes sale of wholly owned subsidiary Concentra to a joint venture of Select Medical & Welsh Carson for $1.055 billion cash. $HUM PR link.

Icahn Enterprises(PBR133) completes acquisition of nearly all assets of autoparts distributor Uni-Select USA. $IEP PR link.

Dollar General(PBR153) opens its 12,000th store. $DG PR link.

PPL Corp(PBR227) completes spinoff of energy business, now focused on utility business in US & UK. $PPL PR link.

BlackRock(PBR262) & Pemex sign agreement to accelerate development of energy infrastructure projects in Mexico. $BLK PR link.

Gannett(PBR458) acquires 11 media organizations in 3 states from Digital First Media. $GCI article link.

Energizer Holdings(PBR527) split into 2 public companies gets go ahead, should be trading on NYSE under symbols ENR & EPC on 07/01/15. $ENR PR link.

Apollo Global Management(PBR531) affiliates to acquire diversified technology company OM Group(PBR1060) for $34/share cash, to close by end of 2015. $APO PR link.

Curtiss-Wright(PBR771) sells off all assets & liabilities of downstream oil & gas businesses to Sun Capital Partners Group. $CW PR link.

A. Schulman(PBR787) completes acquisition of specialty engineered plastics company Citadel Plastics for $800 million. $SHLM PR link.

Ferrellgas(PBR791) to acquire integrated crude oil midstream services company Bridger Logistics for $837 million. $FGP PR link.

Zions Bancorp(PBR824) announces restructuring plan, key leadership changes. $ZION PR link.

Crestwood Equity(PBR1005) makes organizational changes, promotes several key executives. $CEQP PR link.

Lumber Liquidators(PBR1093) explains why it relabeled products; shares bounce. MarketWatch article link.

Walt Disney Company(PBR54): James A. Rasulo to step down as CFO, effective 06/30/15. Bloomberg article link.

Two Cisco(PBR58) presidents to depart on 07/25/15. MarketWatch article link.

Cisco(PBR58) CTO Padmasree Warrior planning to leave on 07/25/15. Re/Code article link.

Time Warner Cable(PBR125) CFO William Minson leaving; William Osbourn, Matthew Siegel to serve as Acting Co-CFOs. $TWC article link.

NetApp(389) Chairman/CEO Tom Georgens resigns, EVP George Kurian promoted to CEO, lead independent director Mike Nevens elected Chairman. $NTAP article link.

Advanced Micro Devices(PBR451) hires Jim Anderson as SVP/GM Computing & Graphics business, reports to CEO Dr. Lisa Su. http://bit.ly/1KAgBjE$AMD article link.

CA Technologies(PBR520) hires Otto Berkes as Chief Technology Officer, effective 06/15/15, reports to CEO Mike Gregoire. $CA PR link.

Men’s Wearhouse(PBR781) hires Ben Baum as Chief Digital Officer, reports to CEO Doug Ewert. $MW PR link.

E*Trade(PBR947) CFO Matt Audette leaving, Mike Pizzi promoted to CFO, reports to CEO Paul Idzik. $ETFC PR link.

The US Dept of Commerce says April Personal Income was up $59.4B, +0.4% over March, Disposable Personal Income up +0.4%. USDOC PR link.

The US Dept of Commerce says April Construction Spending was at a $1,006.1B annual rate, +2.2% over March. USDOC PR link.

The Institute for Supply Management says the May 2015 Manufacturing PMI was at 52.8%, +1.3% from April. ISM PR link.

The PBR1000 May Stocks Index ended at 76,157.82, +0.86% over April, +2.44% YTD, for 1,062 companies.

The PBR1000 May 2015 Breaking News Recap is posted on the BLOG page. You can also click here.

 

(The PBR1000 is the premiere comparative data and reporting service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate over $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your annual subscription, just go to the PBRMarketTools.com Order page.)

(Photo courtesy of freedigitalphotos.net, Stuart Miles.)

Filed Under: Recaps Tagged With: , , , , , , , ,

The PBR1000 May 2015 Breaking News Recap!

June 3, 2015 by
ID-100259380 Strategy World-Stuart Miles

A Key The PBR1000 Growth Strategy in May 2015
Was The Use Of Mergers and Acquisitions.
What Will Be The Long Term Results?

 

By Larry C. Paxton

After the falling apart of the Comcast(PBR44)/Time Warner Cable(PBR125) merger in April, May 2015 saw a new, but not unexpected, Charter Communications(PBR320)/Time Warner Cable(PBR93) deal for $78 billion. It will be interesting to see what conditions are required for that deal to occur. But May 2015 was also a significant month for other over $10 billion dollar deals, like Avago Technology/Broadcom(PBR313), Pfizer(PBR53)/Hospira(PBR570), and Danaher(PBR139)/Pall Corp(PBR708). It was also a sad month that saw the collapse of Radio Shack(PBR619) as it goes through the bankruptcy process.

The US economy continues to give mixed signals. When the Federal Reserve will start to raise interest rates continues to be a topic of much discussion and conjecture.

The C-level suite had a lot of action as well. With active mergers and acquisitions, and mixed annual and quarterly results, this is not a big surprise.

Following are The PBR1000 and economic related news items of note for May 2015 starting with the last active day.

Friday, May 29:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 18,010.68, -1.21% from last Friday, +0.95% MTD, +1.32% QTD, +1.05% YTD.
NASDAQ closes week at 5,070.03, -0.38% from last Friday, +2.60% MTD, +3.45% QTD, +7.05% YTD.
SPX closes week at 2,107.39, -0.88% from last Friday, +1.05% MTD, +1.91% QTD, +2.36% YTD.

Raytheon(PBR118) completes $1.9 billion investment for 80% ownership in venture with Vista Equity Partners’ Websense unit to provide cyber security services. $RTN PR link.

Dollar Tree(PBR329) to sell 330 Family Dollar(PBR252) stores to private equity fund firm Sycamore Partners, contingent on completion of acquisition. $DLTR PR link.

Harman Intl(PBR448) completes acquisition of Denmark based high end car audio systems provider Bang & Olufsen, terms not disclosed. $HAR PR link.

Harris Corp(PBR469) completes acquisition of global aerospace, defense, information & other technologies Exelis(PBR487) for $23.75/share, $4.75 billion. $HRS PR link.

Brown Shoe(PBR770) rebranding, now known as Caleres(PBR770) per 04/16/15 announcement. $CAL PR link.

Equinix(PBR852) agrees to acquire UK based data centers provider Telecity for $3.6B. MarketWatch article link.

American Express(PBR86) announces unexpected death of its president, Ed Gilligan. $AXP PR link.

International Flavors & Fragrances(PBR677) hires Alison Cornell as EVP/CFO, effective 07/08/15. $IFF article link.

The US Dept of Commerce in 2nd estimate says 1st Quarter 2015 GDP grew at a -0.7%, $17.665 trillion annual rate. USDOC PR link.

Thursday, May 28:
JPMorgan Chase(PBR20) expected to lay off more than 5,000 by next year. MarketWatch article link.

Energy Transfer Equity(PBR55) to do 2-1 stock split on 07/24/15. $ETE PR link.

Broadcom(PBR313) to be acquired by Singapore based analog semiconductor devices provider Avago Technologies(NASDAQ: AVGO) for $37 billion cash/stock. $BRCM PR link.

Crown Castle(PBR670) completes sale of Australian subsidiary to investment group headed by Macquarie Infrastructure(PBR1086) for $1.6 billion. $CCI PR link.

Alliance One Intl(PBR804) to do 1-for-10 reverse stock split effective 06/29/15. $AOI PR link.

Tesla(PBR887), Southern Co(PBR160) partner in utility-scale battery-storage projects. MarketWatch article link.

Freddie Mac(PBR33) reports that the average 30 year fixed mortgage rate is at 3.87%, fees/points at 0.6. Freddie Mac PR link.

Dollar General(PBR153) promotes COO Todd Vasos to CEO, effective 06/03/15, Rick Dreiling to remain Chairman. $DG PR link.

Hawaiian Airlines(PBR849) promotes Shannon Okinaka to EVP/CFO. $HA PR link.

Wednesday, May 27:
Ford Motor(PBR8) recalls 423,000 vehicles for potential intermittent loss of electrical power steering assist while driving. $F PR link.

CA Technologies(PBR520) to acquire Agile software development & services provider Rally Software(NYSE: RALY) for $19.50/share, $480 million. $CA PR link.

Dealerships are ‘quietly supporting’ Tesla’s(PBR887) Elon Musk MarketWatch article link.

City National Corp(PBR1045) stockholders approve merger with Royal Bank of Canada for $5.4 billion cash/stock, expected to close in 4th quarter. $CYN PR link.

Carnival Corp(PBR176) hires Jim Heaney as SVP/CFO, effective 06/22/15, reports to President Christine Duffy. $CCL PR link.

Domino’s Pizza(PBR927) names Chief Marketing Officer, Chief Digital Officer, USA VP Strategy, VP Team USA. $DPZ PR link.

Obamacare to add billions in insurance overhead costs, study says. MarketWatch article link.

Tuesday, May 26:
Amazon(PBR37) to create more than 6,000 jobs at its US fulfillment centers. $AMZN PR link.

Amazon(PBR37) changes tax practices in Europe. MarketWatch article link.

EMC Corp(PBR119) to acquire privately held managed cloud services company Virtustream for $1.2 billion. $EMC PR link.

AbbVie(PBR142) completes $21 billion acquisition of hematology oncology Imbruvica developer Pharmacyclics(NASDAQ: PCYC). $ABBV PR link.

Hormel Foods(PBR294) to acquire privately held natural/organic meat processor Applegate Farms for $775 million, expected to close in 60 days. $HRL PR link.

Reynolds American(PBR316) & Lorillard(PBR357) get FTC approval for merger, federal court case is final major hurdle. $RAI PR link.

Charter Communications(PBR320) to acquire Time Warner Cable(PBR125) for $78.7 billion stock/cash. $CHTR PR link.

Priceline(PBR365) to invest an additional $250 million in China online travel service Ctrip(NASDAQ: CTRP), will then have a 10.5% of a maximum allowable 15% stake. $PCLN PR link.

Brunswick(PBR577) completes sale of its Bowling Products unit to private investment firm BlueArc Capital Management, terms not disclosed. $BC PR link.

Apple(PBR4) names Jony Ive chief design officer. MarketWatch article link.

Anthem(PBR40) EVP/President Commercial/Specialty Business Division Ken Goulet retiring this summer. $ANTM PR link.

C.H. Robinson(PBR211) hires Andrew Clarke as CFO, effective 06/01/15, reports to president/CEO John Wiehoff. $CHRW PR link.

SeaWorld(PBR1002) Chief Accounting Officer Marc Swanson appointed Interim CFO effective 06/01/15 upon announcement by Jim Heaney that he is returning to the cruise industry. $SEAS PR link.

The US Dept of HUD reports that April New Single-Family Houses Sales were at a 517,000 annual rate, +6.8% over March, +26.1% over April 2014 HUD PR link.

Monday, May 25:
US Memorial Day Observed.
US Stock Exchanges Closed.

Friday, May 22:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 18,232.02, -0.22% from last Friday, +2.19% MTD, +2.56% QTD, +2.29% YTD.
NASDAQ closes week at 5,089.36, +0.81% from last Friday, +2.99% MTD, +3.85% QTD, +7.46% YTD.
SPX closes week at 2,126.06, +0.16% from last Friday, +1.95% MTD, +2.81% QTD, +3.26% YTD.

Amgen(PBR144) terminating participation with AstraZeneca(NYSE:AZN) to co-develop & commercialize brodalumab for plaque psoriasis, psoriatic arthritis. $AMGN PR link.

Exelis(PBR487) shareholders approve acquisition by Harris Corp(PBR469) for $23.75/share, $4.75 billion cash/stock, expected to close on 05/29/15. $ENR PR link.

Energizer Holdings(PBR527) adopts limited duration shareholder rights plan in preparation for Personal Care Division spin-off. $ENR PR link.

Arch Coal(PBR671) receives continued listing standard notice from NYSE; taking steps to regain compliance with minimum share price standard. $ACI PR link.

ITT Educational(PBR1078) issues statement: ‘Day in Court Long Overdue for ITT Tech.’ $ESI PR link.

The US Dept of Labor reports that April Employee Avg Current Earnings were $24.87/hr, +2.2% from April 2014, $858.02/wk. USDOL PR link.

The US Dept of Labor reports that the April Consumer Price Index was +0.1% over March, -0.2% over the last 12 months. USDOL PR link.

Thursday, May 21:
CVS Health(PBR13) to acquire long term care facilities pharmacy provider Omnicare(PBR408) for $98/share, $12.7 billion cash. $CVS PR link.

QUALCOMM(PBR104) initiates accelerated $5 billion share repurchase program with two financial institutions. $QCOM PR link.

Spectrum Brands(PBR529) completes acquisition of HRG Group(PBR412) Armored AutoGroup unit for $1.4 billion cash. $SPB PR link.

Graham Holdings(PBR610) sells the African American emphasis TheRoot.com to a division of Univision Interactive Media. $GHI PR link.

Arthur J Gallagher(PBR647) acquires Midwest based retail insurance broker James R Weir Insurance Agency. $AJG PR link.

Chico’s FAS(PBR748) President/CEO David Dyer retiring in Spring 2016, search firm retained to find a successor. $CHS PR link.

Nortek(PBR822) CFO Almon Hall to retire at year end 2015, search among internal/external candidates begins. $NTK PR link.

Lumber Liquidators(PBR1093) founder Thomas Sullivan named Acting CEO upon the unexpected resignation of Robert Lynch. $LL PR link.

The National Assn of Realtors reports that April Existing Home Sales were at a 5.04 million annual rate, -3.3% from Marc, +6.1% from April 2014 NAR PR link.

Wednesday, May 20:
JPMorgan Chase(PBR20) announces settlements with the US Dept of Justice & the Federal Reserve related to foreign exchange activities $JPM PR link.

Johnson & Johnson(PBR39) to file 10 new drugs by 2019, each with the potential to generate more than $1 billion in revenues. $JNJ PR link.

Scotts Miracle-Gro(PBR701) pays $300 million to Monsanto(PBR173) for RoundUp brand extension into new lawn & garden categories & geographies. $SMG PR link.

Owens & Minor(PBR285) hires P Cody Phipps as President/CEO, effective 07/01/15, succeeds retiring James Bierman. $OMI PR link.

The Federal Open Market Committee releases its April meeting minutes, still wait & see on interest rates, based on employment, inflation rates. FOMC PR link.

Tuesday, May 19:
Computer Sciences Corp(PBR209) to split into 2 public companies, Global Commercial & US Public Sector, will pay special dividend of $10.50/share upon closing, expected by October. $CSC PR link.

Big Lots(PBR450) hires “Rocky” Robins, Jr, as General Counsel/Corporate Secretary, reports to President/CEO David Campisi. $BIG PR link.

FreddieMac(PBR33) in its May Economic and Housing Market Outlook sees interest rate volatility, higher home prices, slower growth. $FMCC PR link.

The US Dept of Commerce reports that April Private Housing Starts were at an annual rate of 1,135,000, +20.2% from March, +9.2% from April 2014. USDOC PR link.

Monday, May 18:
Apple(PBR4) buys high-precision GPS firm Coherent Navigation. BetaNews article link.

Archer-Daniels-Midland(PBR28) growing sweetener business in central & western China with acquisition of privately held Meiweiyuan Biotechnology. $ADM PR link.

Starbucks(PBR164) & Spotify to connect music streaming service to stores, rewards members, & users. $SBUX PR link.

Hertz(PBR249) to raise car-rental rates. MarketWatch article link.

The Andersons(PBR428) purchases Kay Flo Industries’ Plant Nutrient Group, sells 200,000 tons of liquid fertilizers. $ANDE PR link.

Ascena Retail(PBR493) to acquire women’s specialty fashion retail company ANN(PBR775) for $47/share, $2 billion. $ASNA PR link.

Endo International(PBR741) to acquire private generics company Par Pharmaceutical from TPG for $8.05 billion. $ENDP PR link.

GrafTech(PBR1056) to be acquired by Brookfield Asset Management(NYSE: BAM) for a tender offer of $5.05/share, $695 million. $GTI PR link.

Amgen(PBR144) hires Jon Graham as SVP, General Counsel/Secretary, effective 07/13/15, succeeds retiring David Scott, reports to Chairman/CEO Robert Bradway. $AMGN PR link.

C.H. Robinson(PBR211) promotes Mike Short to President, Global Forwarding division, reports to CEO John Wiehoff. $CHRW PR link.

Friday, May 15:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 18,272.56, +0.45% from last Friday, +2.42% MTD, +2.79% QTD, +2.52% YTD.
NASDAQ closes week at 5,048.29, +0.89% from last Friday, +2.16% MTD, +3.01% QTD, +6.59% YTD.
SPX closes week at 2,122.73(R), +0.31% from last Friday, +1.78% MTD, +2.65% QTD, +3.10% YTD.

TRW Automotive(PBR154) acquisition by Germany auto supplier ZF Friedrichshafen AG for around $11 billion is completed.

Molina Healthcare(PBR375) to acquire Medicaid and MIChild assets of HealthPlus in the State of Michigan. $MOH PR link.

General Dynamics(PBR91) Gulfstream Aerospace unit President Larry Flynn retiring on 06/30/15, Mark Burns to become President. $GD PR link.

The US Federal Reserve System G17 report says that April Industrial Production decreased 0.3%, 5th consecutive monthly loss. USFRS PR link.

Thursday, May 14:
eBay(PBR170) PayPal unit to trade as NASDAQ: PYPL, its original symbol before being acquired by eBay, upon spinoff later this year. PayPal article link.

The Mosaic Co(PBR265) authorizes $1.5 billion shares repurchase program, $500 million fast tracked. $MOS PR link.

Crown Castle(PBR670) selling Australian subsidiary to investment group headed by Macquarie Infrastructure(PBR1086) for $1.6 billion. $CCI PR link.

The US Dept of Labor reports that the April Producer Price Index fell 0.4%, last 12 mos final demand fell 1.3%. USDOL PR link.

Wednesday, May 13:
Hospira(PBR570) shareholders approve acquisition by Pfizer(PBR53) for $90/share, $17 billion, expects to close in 2nd half 2015. $HSP PR link.

Delta Air Lines(PBR78) authorizes new $5 billion shares repurchase program to be completed by 12/31/17. $DAL PR link.

Danaher(PBR139) to acquire filtration, separation, & purification products & services provider Pall Corp(PBR708) for $127.20/share, $13.8 billion. $DHR PR link.

Danaher(PBR139) to split into two public companies, a science/technology firm, & a diversified industrial growth company. $DHR PR link.

Southwest Airlines(PBR150) announces $1.5 billion shares repurchase program. $LUV PR link.

Precision Castparts(PBR275) authorizes additional $2 billion shares repurchase program through 06/30/17. $PCP PR link.

Owens-Illinois(PBR356) to acquire largest food & beverage glass container provider in Mexico, Vitro, for $2.15 billion cash. $OI PR link.

Williams Cos(PBR361) to acquire all public equity of natural gas products/services company Williams Partners(NYSE: WPZ) in $13.8 billion stock deal. $WMB PR link.

RadioShack(PBR619) brand name & customer data auctioned off to Standard General for $26.2 million. Dallas Morning News article link.

AIG(PBR41) promotes Brian Schreiber to new position of Chief Strategy Officer, reports to President/CEO Peter Hancock. $AIG PR link.

The Mosaic Co(PBR265) to promote EVP/COO Joc O’Rourke to President/CEO on 08/05/15, succeeds James Prokopanko, who is retiring. $MOS PR link.

The US Dept of Commerce reports that April Retail & Food Services Sales were $436.8 billion, same as March, 0.9% higher than April 2014. USDOC PR link.

The US Dept of Labor says April Import Prices fell 0.3%, -10.7% last 12 mos; Export Prices fell 0.7%, -6.3% last 12 mos. USDOL PR link.

Tuesday, May 12:
Verizon(PBR15) to acquire digital content/advertising company AOL(PBR812) for $50/share, $4.4 billion. $VZ PR link.

American Express(PBR86) authorizes 150 million shares buyback program, replaces previous program. $AXP PR link.

ConAgra Foods(PBR149) has acquired Concord, NH, based 60 employee natural & organic frozen meals maker Blake’s All Natural Foods, terms not disclosed. $CAG PR link.

ITT Educational(PBR1078) disputes SEC suit filed today regarding accounting irregularities. $ESI PR link.

ITT Educational(PBR1078), CEO Modany & CFO Fitzpatrick sued by SEC on fraud charges for accounting irregularities. SEC PR link.

FMC Technologies(PBR350) promotes EVP/COO Doug Pferdehirt to President, John Gremp keeps Chairman/CEO responsibilities. $FTI PR link.

Calpine Corp(PBR391) hires Trey Griggs III as EVP/Chief Commercial Officer, effective 06/01/15, reports to President/CEO Thad Hill. $CPN PR link.

The US Dept of Labor says end of March Job Openings were at 4.99 million, was 5.14 million at the end of February. USDOL PR link.

The US Dept of Treasury reports that the US Government April Receipts were at $471.8 billion, Surplus of $156.7 billion, Fiscal YTD Deficit now $282.8 billion. Treasury PR link.

Monday, May 11:
General Electric(PBR9) says it is open to concessions to get the European Union to okay the pending $13.5 billion deal for France based Alstom. MarketWatch article link.

Noble Energy(PBR467) enters Eagle Ford & Permian oil fields through acquisition of Rosetta Resources(NASDAQ: ROSE) for $2.1 billion in stock. $NBL PR link.

Comcast(PBR44) hires Carlyle Group(PBR528) executive Mike Cavanaugh to become CFO this summer. $CMCSA PR link.

Cameron Intl(PBR269) Pres/COO R Scott Rowe to become CEO on 10/05/15, Chairman/CEO Jack Moore to remain Chairman. $CAM PR link.

Tempur Sealy(PBR783) appoints COO Tim Yaggi as Interim CEO, elects Frank Doyle as Chairman. $TPX PR link.

Panera Bread(PBR794) hires former Darden(PBR393) Pres/COO Drew Madsen as President, former McDonald’s(PBR96) exec Ken Koziol as EVP. $PNRA PR link.

The US Dept of Interior conditionally approves Royal Dutch Shell Arctic drilling plan. MarketWatch article link.

Friday, May 8:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 18,191.11, +0.93% from last Friday, +1.97% MTD, +2.33% QTD, +2.06% YTD.
NASDAQ closes week at 5,003.55, -0.04% from last Friday, +1.26% MTD, +2.09% QTD, +5.65% YTD.
SPX closes week at 2,116.10, +0.37% from last Friday, +1.47% MTD, +2.33% QTD, +2.78% YTD.

Walmart(PBR1) Canada to acquire & renovate 13 former Target(PBR38) Canada stores, add 4,900 jobs. $WMT PR link.

Swiss based crop protection & seeds company Syngenta rejects Monsanto’s(PBR173) unsolicitied CHF449/share offer, says undervalued. Syngenta PR link.

Monsanto(PBR173) makes unsolicited offer for Swiss based crop protection & seeds company Syngenta for CHF449/share. $MON PR link.

Priceline(PBR365) announces acquisition of real-time hotel analytics firm PriceMatch. $PCLN PR link.

RadioShack(PBR619) name & intellectual property up for auction on Monday, 05/11/15. MarketWatch article link.

Tempur Sealy(PBR783) stockholders do not re-elect Chairman P Andrews McLane, President/CEO Mark Sarvary, & Director Christopher Masto to board. $TPX PR link.

The US Dept of Labor in April Employment Situation reports that 148.5 million people were employed at the end of April, 8.5 million unemployed, 5.4% unemployment rate. USDOL PR link.

The US Dept of Commerce says March Wholesale Sales were at $441.6B, -0.2% from February, -4.0% from March 2014. USDOC PR link.

Thursday, May 7:
Starbucks(PBR164) moving Ethos Water production from California to Pennsylvania because of drought. $SBUXL PR link.

Biogen(PBR358) authorizes $5 billion shares repurchase program with no expiration date. $BIIB PR link.

Asbury Automotive(PBR449) has acquired $70 million/yr Atlanta, GA, based Capital City Nissan, to be renamed Nalley Nissan Atlanta. $ABG PR link.

Alaska Air(PBR459) to be Gevo’s(NASDAQ: GEVO) commercial launch partner for renewable alcohol-based jet fuel. $ALK PR link.

SunEdison(PBR888) to acquire 7 renewable energy portfolios & corporate platforms In Brazil, China, India, Peru, Chile, South Africa, & Uruguay. $SUNE PR link.

Lumber Liquidators(PBR1093) provides update on laminate flooring sourced from China. $LL PR link.

Walt Disney(PBR54) promotes Leslie Ferraro to President, Disney Consumer Products, reports to Chairman/CEO Robert Iger & COO Thomas Staggs. $DIS PR link.

Church & Dwight(PBR645) to promote COO/CFO Matt Farrell to CEO, effective 01/01/16, upon retirement of James Craigie, who will continue to serve as non-executive Chairman. $CHD PR link.

The US Federal Reserve in its G19 report says 1st Quarter 2015 Consumer Credit was up at a 5.5% annual rate. FRB PR link.

Wednesday, May 6:
Whole Foods(PBR195) announces plans to open new brand stores in 2016 geared towards millenial shoppers. $WFM PR link.

Discover Financial(PBR281) selling its Diners Club Italia & Diner Club Card transaction processor Dinit to Swiss private bank Corner Bank. $DFS PR link.

Starwood Hotels(PBR405) plans to add 50 hotels by 2019 in the Middle East. $HOT PR link.

Wendy’s(PBR777) to sell non-core bakery business, on track to sell 540 corporate restaurants to franchisees. $WEN PR link.

Alexion Pharmaceuticals(PBR986) to acquire rare diseases therapies developer Synageva BioPharma(NASDAQ: GEVA) for $230/share, $8.4 billion net cash. $ALXN PR link.

AGL Resources(PBR507) appoints EVP/CFO Andrew Evans to President/COO. Elizabeth Reese promoted to EVP/CFO. $GAS PR link.

Dynegy(PBR1000) extends employment agreement with President/CEO Robert Flexon through April 2018. $DYN PR link.

Atmel(PBR1013) CEO Steven Laub to retire as of 08/31/15, search for internal/external candidates starts. $ATML PR link.

The US Dept of Labor reports that the 1st Quarter Labor Productivity Annual Rate was -1.9%, output -0.2%, hours worked +1.7%. USDOL PR link.

Tuesday, May 5:
Archer-Daniels-Midland(PBR28) to acquire full ownership of strategically located Black Sea export terminals. $ADM PR link.

Wells Fargo(PBR29) is sued by the City of Los Angeles for opening unauthorized accounts. $WFC PR link.

HCA(PBR76) approves $1 billion shares buyback program, 3 year capital plan upped to $7.7 billion. $HCA PR link.

Macy’s(PBR97) to open 4 30,000 sf Backstage pilot off-price stores in metro New York City in the fall of 2015. $M PR link.

Sprint(PBR162) reports 1.2 million net additions in 4th quarter 2014 compared to net losses of 383,000 in 4th quarter 2013. $S PR link.

Pitney Bowes(PBR579) to acquire global ecommerce solutions company Borderfree for $14/share, $395 million cash in aggregate. $PBI PR link.

Arthur J Gallagher(PBR647) acquires Toronto, ON, based McDowall Associates Human Resource Consultants. $AJG PR link.

Arthur J Gallagher(PBR647) acquires Calgary, AB, based employee benefits provider Vital Benefits. http://bit.ly/1c3JR6M$AJG PR link.

Occidental Petroleum(PBR107) promotes Vicki Hollub to President of Worldwide Oil & Gas operations, to succeed Stephen Chazen as CEO after a transition period. $OXY PR link.

Micron Technology(PBR166) hires Ernie Maddock as CFO & VP of Finance effective 06/01/15. $MU PR link.

Hubbell(PBR646) appoints Kevin A. Poyck, Rodd R. Ruland and Darrin S. Wegman Group Presidents for its Lighting, Construction and Energy, and Commercial and Industrial businesses, respectively, effective June 1, 2015, all report to Chairman/President/CEO David Nord. $HUBA PR link.

The US Dept of Commerce reports that March US International Trade Exports were at $187.8 billion, Imports $239.2 billion, for a deficit of $51.4 billion, February deficit was $35.9 billion. USDOC PR link.

Monday, May 4:
Comcast(PBR44) plans to use $6.75 billion in 2015 for shares repurchase program. $CMCSA PR link.

Google(PBR46) acquires Timeful to develop scheduling apps for its products. $GOOGL PR link.

McDonald’s(PBR96) to restructure on 07/01/15 into 4 business units: US, International Lead, High-Growth, & Foundational Markets. $MCD PR link.

Coach(PBR490) completes acquisition of women’s luxury footwear designer & manufacturer Stuart Weitzman from private equity firm Sycamore Partners for up to $574 million cash. $COH PR link.

Patterson Cos(PBR563) to acquire production distribution company Animal Health International for $1.1 billion cash. $PDCO PR link.

Arthur J Gallagher(PBR647) acquires Charlotte, NC, based credit union executive compensation consulting services firm Burns-Fazzi, Brock & Associates. $AJG PR link.

Ciena Corp(PBR870) to acquire network management software developer Cyan(NYSE: CYNI) for $400 million. $CIEN PR link.

Corinthian Colleges(PBR974) files for Chapter 11 bankruptcy. Reuters article link.

Cisco Systems(PBR58) SVP Worldwide Operations Chuck Robbins to become CEO 07/26/15; Chairman/CEO John Chambers to become Executive Chairman. $CSCO PR link.

Chesapeake Energy(PBR152) hires Frank Patterson as EVP Exploration, Land & Subsurface Technology, reports to CEO Doug Lawler. $CHK PR link.

Arthur J Gallagher(PBR647) hires Sean Connelly as Global Chief Information Officer. $AJG PR link.

The US Dept of Commerce reports that March New Orders for Manufactured Goods were at $476.5 billion, +2.1% from February, 1st increase in 7 months. USDOC PR link.

Friday, May 1:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 18,024.06, -0.31% from last Friday, +1.03% MTD, +1.39% QTD, +1.13% YTD.
NASDAQ closes week at 5,005.39, -1.70% from last Friday, +1.29% MTD, +2.13% QTD, +5.69% YTD.
SPX closes week at 2,108.29, -0.44% from last Friday, +1.09% MTD, +1.95% QTD, +2.40% YTD.

The PBR1000 April 2015 Breaking News Recap is at: Link.

Arrow Electronics(PBR129) completes acquisition of Taiwan based $500 million/yr Asian electronic component distributor ATM Electronic Corp. $ARW PR link.

Harley-Davidson(PBR417) President/COO Matt Levatich now President/CEO. $HOG PR link.

Arthur J Gallagher(PBR647) acquires Kansas City, MO, national healthcare human resources consulting company Integrated Healthcare Strategies. $AJG PR link.

International Flavors & Fragrances(PBR677) completes acquisition of flavors technologies company Henry H. Ottens Manufacturing. $IFF PR link.

The US Dept of Commerce says March US Construction Annual Spending Rate at $966.6B, -0.6% from Feb, +2.0% from March 2014. USDOC PR link.

 

(The PBR1000 is the premiere comparative data and reporting service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate over $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your annual subscription, just go to the PBRMarketTools.com Order page.)

(Photo courtesy of freedigitalphotos.net, Stuart Miles.)

Filed Under: Recaps Tagged With: , , , , , , ,

The PBR1000: The April 2015 Breaking News Recap!

May 3, 2015 by
ID-100287519 Politics-Stuart Miles

The 2016 Race for the US Presidency Has Started.
What Promises for Economic and Business Growth Can We Expect?

 

By Larry C. Paxton

Activity in The PBR1000 companies during April 2015 was a bit like the start of the 2016 race for the US presidency. There was some activity, like Hillary Clinton announcing her bid and then the quiet followup with her initial road trip. On the business side perhaps Apple(PBR4) came the closest by announcing the Apple Watch and accepting initial orders. The falling apart of the Comcast(PBR44)/Time Warner Cable(PBR125) merger provided some excitement and the Mylan(PBR36) dance with Perrigo(PBR564) and Israel based Teva Pharmaceuticals has provided some entertainment, too.

Following are The PBR1000 and economic news items of note for April 2015 starting with the last active day.

Thursday, April 30:
The PBR1000 Monthly US Stock Exchanges Snapshot:
DJIA closes month at 17,840.52, -1.33% from last Friday, +0.36% MTD/QTD, +0.10% YTD.
NASDAQ closes month at 4,941.42, -2.96% from last Friday, +0.83% MTD/QTD, +4.34% YTD.
SPX closes month at 2,085.51, -1.52% from last Friday, +0.85% MTD/QTD, +1.29% YTD.

AmerisourceBergen(PBR16) authorizes $1 billion shares buyback program. $ABC PR link.

Boulevard Acquisition(NASDAQ: BLVD) to acquire AgroFresh business from Dow Chemical(PBR48) for $810 million, make it a public company. $BLVD PR link.

Harley-Davidson(PBR417) to begin direct distribution to Canadian independent dealers in August per agreement with current exclusive distributor. $HOG PR link.

NII Holdings(PBR495) completes $1.875 billion sale of its Nextel Mexico operations to AT&T(PBR12). $NIHDQ PR link.

Crown Castle(PBR670) to acquire Quanta Services(NYSE: PWR) subsidiary fiber networks provider Sunesys for $1.0 billion cash. $CCI PR link.

Tesla(PBR887) CEO Elon Musk announces new Tesla battery energy storage emphasis for homes & businesses. $TSLAI PR link.

Sears Holdings(PBR82) & Macerich(PBR1090) create 50/50 joint venture Involving 9 Sears properties located at Macerich malls. $MAC PR link.

Discover Financial(PBR281) promotes Julie Loeger to SVP, Chief Marketing Officer for US Cards, reports to president/COO. $DFS PR link.

Booz Allen Hamilton(PBR437) promotes VP Gary Voellger to Chief Ethics & Compliance Officer, reports to President/CEO Horacio Rozanski. $BAH PR link.

Analog Devices(PBR738) promotes John Hassett to SVP Worldwide Manufacturing, reports to President/CEO Vincent Roche. $ADI PR link.

The US Dept of Commerce reports that March Personal Income & Personal Disposable Income was up less than 0.1% over February. USDOC PR link.

FreddieMac(PBR33) says homeowners who refinanced through the HARP program in 1Q15 are saving $290/mo on a $200,000 loan in the first year. $FMCC PR link.

FreddieMac(PBR33) says the Average 30 Year Fixed Mortgage Rate at 3.68% with 0.6 fees/points. $FMCC PR link.

Wednesday, April 29:
Express Scripts(PBR21) announces $5.5 billion accelerated shares repurchase transaction. $ESRX PR link.

Ashland(PBR404) completes $1.35 billion shares buyback program, authorizes a new $1 billion program to expire 12/31/17. $ASH PR link.

Perrigo(PBR564) rejects Mylan(PBR360) $75/share plus 2.3 Mylan shares offer, says still effectively below 1st offer. $PRGO PR link.

Israeli based Teva Pharmaceuticals(NYSE: TESA) sends letter to Mylan(PBR360) board justifying its $82/share, $43 billion offer. $TEVA PR link.

Mylan(PBR360) sends 3rd acquisition offer to Perrigo(PBR564), $75/share plus 2.3 Mylan shares, effective $232.23/share. $MYL PR link.

ITT Educational(PBR1078) CFO Dan Fitzpatrick retiring 10/29/15; 2015 enrollment at 51,201. $ESI PR link.

Kellogg Co(PBR188) promotes Paul Norman to President, North America, reports to Chairman/CEO John Bryant. $K PR link.

GrafTech(PBR1056) CFO Erick Asmussen leaving, VP Finance/Treasurer Quinn Coburn to also be Interim CFO. $GTI PR link.

The US Dept of Commerce reports that the 1Q15 Gross Domestic Product was at 0.2% annual rate, $17.71T, down from 4Q14 2.2%. GDP PR link.

The US Federal Reserve System Open Market Committee issues its latest statement on the US economy, no set timeframe to up interest rates from 0%, long term goal is 2%. FOMC PR link.

Tuesday, April 28:
Tyson Foods(PBR80) to eliminate human antibiotics from broiler chicken flocks by 2017. $TSN PR link.

T-Mobile US(PBR115) has 1.8 million net wireless subscriber adds during 1st quarter 2015, 8th consecutive quarter over 1 million. $TMUS PR link.

MasterCard(PBR310) to acquire cloud-based analytics provider Applied Predictive Technologies for $600 million. $MA PR link.

HRG Group(PBR412) completes $1.4 billion sale of Armored AutoGroup to subsidiary Spectrum Brands(PBR529). $HRG PR link.

Iron Mountain(PBR666) to acquire Australian based digital/physical document information management firm Recall Holdings for $2 billion. $IRM PR link.

UPS(PBR50) promotes Corporate Controller/Treasurer Richard Peretz to CFO, effective 07/01/15, succeeds retiring Kurt Kuehn. $UPS PR link.

Anadarko Petroleum(PBR193) promotes Darrell Hollek to EVP, US Onshore Production & Exploration, reports to Chairman/President/CEO Al Walker. $APC PR link.

JCPenney(PBR228) board member Mary Beth West joins as EVP, Chief Customer & Marketing Officer. $JCP PR link.

Apollo Education Group(PBR668) SVP/CFO Brian Swartz resigning effective 05/15/15, Joseph D’Amico named Interim CFO. $APOL PR link.

Endo International(PBR741) hires Matthew Maletta as EVP/Chief Legal Officer, effective 05/04/15, succeeds retiring Caroline Manogue. $ENDP PR link.

The US Dept of Commerce reports that the US Homeownership Rate for 1st quarter 2015 was at 63.7%, -1.1% from 1st quarter 2014, -0.3% from 4th quarter 2014. USDOC PR link.

Monday, April 27:
Freddie Mac(PBR33) reaches the $100 billion milestone in multifamily K-Deal securitizations. $FMCC PR link.

ESPN goes to court to force Verizon(PBR15) to change pay-TV offering The Street article link.

Applied Materials(PBR335) & Tokyo Electron terminate $29 billion merger agreement per US Dept of Justice requirements. $AMAT PR link.

Applied Materials(PBR335) authorizes $3 billion 3 year shares buyback program to start in the 3rd quarter. $AMAT PR link.

Mylan(PBR360) rejects Teva Pharmaceuticals(NYSE: TEVA) $82/share, $40 billion buyout offer as undervalued & risky. $MYL PR link.

Celgene(PBR381) to acquire private biotech cancer discovery company Quanticel Pharmaceuticals for $100 million plus up to $385 million based on milestones achieved. $CELG PR link.

Corinthian Colleges(PBR974) announces cessation of effectively all operations, all campuses now closed. $COCO PR link.

Flowserve(PBR477) hires Karyn Ovelmen as EVP/CFO, effective 06/01/15. $FLS PR link.

Fortune Brands(PBR551) hires Nicholas Fink as SVP of Global Growth & Development, effective 06/01/15. http://bit.ly/1dmvCL8$FBHS PR link.

Friday, April 24:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 18,080.14, +1.42% from last Friday, +1.71% MTD/QTD, +1.44% YTD.
NASDAQ closes week at 5,092.09(R), +3.25% from last Friday, +3.90% MTD/QTD, +7.52% YTD.
SPX closes week at 2,117.69(R), +1.75% from last Friday, +2.41% MTD/QTD, +2.86% YTD.

Comcast(PBR44) terminates $45 billion merger agreement with Time Warner Cable(PBR125) & transactions agreement with Charter Communications(PBR320). $CMCSA PR link.

DISH(PBR201) comments on termination of Comcast(PBR44)/Time Warner Cable(PBR125) merger. $DISH PR link.

Dover(PBR295) completes sale of its precision-engineered components Sargent Aerospace & Defense unit to RBC Bearings(NASDAQ: ROLL) for $500 million. $DOV PR link.

Mylan(PBR360) makes 2nd unsolicited bid for Perrigo(PBR564) for $60/share & 2.2 shares of Mylan, $33 billion cash/stock deal. $MYL PR link.

Perrigo(PBR564) rejects Mylan’s(PBR360) 2nd unsolicited $60 share & 2.2 shares acquisition offer saying it is less than the initial rejected offer. $PRGO PR link.

Scholastic Corp(PBR923) to sell educational technology & services business unit to Houghton Mifflin for $575 million. $SCHL PR link.

Riverbed Technology(PBR1085) acquisition by private equity firm Thomas Bravo & Ontario(Canada) Teachers Pension Plan for $21/share, $3.6 billion cash is completed, now a private company. $RVBD PR link.

Thursday, April 23:
Happy 451st Birthday, Shakespeare!

NASDAQ closes at 5,056.06, first new record close in over 15 years. NASDAQ PR link.

The US Dept of HUD reports that the March New Family Home Sales Annual Rate was at 481,000, -11.4% from February, +19.4% from March 2014. HUD PR link.

Wednesday, April 22:
45th Anniversary of Earth Day. Do something nice for the environment today.

AT&T(PBR12) reports 1.2 million total wireless net adds in 1st quarter, DIRECTV(PBR90) $67 billion acquisition on target for 2nd quarter. $T PR link.

Google(PBR46) announces Project Fi which includes a partnership with T-Mobile(PBR115) & Sprint(PBR162) to provide an optimal fast and easy wireless service. $GOOG PR link.

Coca-Cola Co(PBR59) signs additional letters of intent with Coca-Cola bottlers in refranchising effort. $KO PR link.

Macy’s(PBR97) does exclusive US launch of intimate apparel brand HEIDI by model/TV personality Heidi Klum. $M PR link.

Ashland(PBR404) promotes Luis Fernandez-Moreno to SVP & President of Chemicals Group, reports to chairman/CEO. $ASH PR link.

SunEdison(PBR888) promotes Pancho Perez to EVP/COO. $SUNE PR link.

The National Association of Realtors reports that the March Existing Home Sales were at a 5.19 million annual rate, +6.1% from February, +10.4% from March 2014. NAR PR link.

Tuesday, April 21:
General Motors(PBR7) sold 2.4 million vehicles worldwide in 1st quarter 2015. $GM PR link.

Verizon(PBR15) announces new FiOS customizable pay-TV service. $VZ PR link.

Archer-Daniels-Midland(PBR28) acquires corn processing plants in Bulgaria, Turkey, increases ownership stake in Hungary, for $258 million. $ADM PR link.

Humana(PBR71) acquires multi-state nurse practitioner in home visits provider Your Home Advantage, terms not disclosed. $HUM PR link.

Baker Hughes(PBR124) is cutting 17% of workforce, 10,500 positions, due to drop in oil prices. $BHI PR link.

Mylan(PBR360) is sent an $82/share, $40 billion in cash/stock offer to be acquired by Israel based Teva Pharmaceuticals(NYSE: TEVA). $MYL PR link.

Gannett(PBR458) says TEGNA is to be name of spin-off broadcasting/digital company, will trade as NYSE: TGNA. $GCI PR link.

Perrigo(PBR564) rejects unsolicited $205/share, $29 billion bid from Mylan(PBR360), says offer is undervalued. $PRGO PR link.

FMC Corp(PBR578) completes $1.8 billion acquisition of Denmark based multinational crop protection company Cheminova. $FMC PR link.

Monday, April 20:
Raytheon(PBR118) to invest $1.57 billion for majority ownership in venture with Vista Equity Partners’ Websense unit to provide cyber security services. $RTN PR link.

Groupon(PBR750) to sell 46% stake, retain a 41% stake, in Ticket Monster to partnership of KKR(PBR272)/Anchor Equity for $360 million. $GRPN PR link.

Prologis(PBR937) unit partnership to acquire real estate assets & operating platform of KTR Capital Partners for $5.9 billion. $PLD PR link.

Hyatt Hotels(PBR549) appoints Atish Shah as SVP, Interim CFO. $H PR link.

Friday, April 17:
The PBR1000 Weekly US Stock Exchanges Snapshot:
DJIA closes week at 17,826.30, -1.28% from last Friday, +0.28% MTD/QTD, +0.02% YTD.
NASDAQ closes week at 4,931.81, -1.28% from last Friday, +0.63% MTD/QTD, +4.13% YTD.
SPX closes week at 2,081.18, -0.99% from last Friday, +0.64% MTD/QTD, +1.08% YTD.

Ford Motor(PBR8) to invest $2.5 billion to build new engine & transmission plants in Mexico. $F PR link.

Costco(PBR18) reauthorizes up to $4 billion shares repurchase program to expire in April, 2019. $COST PR link.

Raytheon(PBR118) awarded an over $2 billion contract for an international Patriot Air & Missile Defense System. $RTN PR link.

Alpha Natural Resources(PBR478) plans to restore compliance with NYSE minimum stock price average of $1.00/share over last 30 days. $ANR PR link.

Hudson City Bancorp(PBR1022) & M&T Bank Corp(PBR516) agree to extend merger deadline from 04/30/15 to 10/31/15, waiting for regulatory approval. $HCBK PR link.

New York Times(PBR982) promotes Meredith Kopit Levien to Chief Revenue Officer, reports to President/CEO Mark Thompson. $NYT PR link.

Centrus Energy(PBR1035) SVP/COO Bob Van Namen is stepping down on 05/29/15. $LEU PR link.

The US Dept of Labor reports that the March Current Average/Hour Earnings were at $24.86, up from February’s $24.79, up from March 2014’s $24.34. USDOL PR link.

The US Dept of Labor reports that the March Consumer Price Index-Urban was +0.2%, was -0.1% over the last 12 months. USDOL PR link.

Thursday, April 16:
PPG Industries(PBR183) to do 2:1 stock split after close on 06/12/15. $PPG PR link.

Ecolab(PBR204) to acquire the Travelers North Tower in St. Paul, MN, as new world headquarters. $ECL PR link.

Discover Financial(PBR281) authorizes $2.2 billion shares repurchase program. $DFS PR link.

Alliance Data(PBR540) increases 2015 stock repurchase program from $600 million to $1 billion. $ADS PR link.

Carlyle Group(PBR528) names former WalMart(PBR1) President/CEO Mike Duke as Operating Executive for the Consumer & Retail Group. $CG PR link.

SunEdison(PBR888) hires Cathy Zoi as CEO of its Rural Electric Utility Company unit. $SUNE PR link.

Cytec Industries(PBR901) promotes Carmelo Lo Faro, PhD, to VP/Chief Technology Officer. $CYT PR link.

The US Dept of Commerce reports that the March rate for Private Housing Building Permits was at 1,039,000/year, -5.7% from February, +2.9% from March 2014 USDOC PR link.

FreddieMac(PBR33) reports that 30 year fixed rate mortgages averaged 3.67% with 0.7 point for the week ending 04/16/15, was 4.27% a year ago FreddieMac PR link.

The American Petroleum Institute reports that March petroleum deliveries averaged 19.2 million barrels/day, -0.6% from February, +3.4% from March 2014. API PR link.

Wednesday, April 15:
Happy Income Tax Day!

Panera Bread(PBR794) increases shares repurchase program to $750 million, to sell/refranchise 73 company owned stores. $PNRA PR link.

Rackspace(PBR989) hires Scott Crenshaw as SVP Strategy & Product, reports to President/CEO Taylor Rhodes. $RAX PR link.

Freddie Mac(PBR33) hires Anil Hinduja as EVP/Chief Enterprise Risk Officer, reports to CEO Donald Layton. $FMCCX PR link.

CNA Financial(PBR263) hires Andrew Pinkes to be EVP CNA Worldwide Property & Casualty, reports to Chairman/CEO Tom Motamed, effective 05/18/15. $CNA PR link.

The US Federal Reserve Bank reports that Industrial Production was -0.6% in March, was +0.1% in February, -1.0% annual rate, effect of oil. FRB PR link.

The US Federal Reserve Bank releases the April Beige Book, summary of comments from businesses. FRB PR link.

Tuesday, April 14:
CSX(PBR224) authorizes $2 billion shares repurchase program over 24 months. $CSX PR link.

Host Hotels(PBR456) announces leadership reorganization in investment team for US West & East coasts. $HSTPR link.

The US Dept of Labor reports that the March Producer Price Index for Final Demand, a measure of inflation, was +0.2%, after -0.5% in February, -0.8% in January, -0.8% for the past 12 months. USDOL PR link.

The US Dept of Commerce reports in the Advance Report for Monthly Retail & Food Sales that March was at $441.4 billion, +0.9% from February, +1.3% over March 2014. USDOC PR link.

Monday, April 13:
Apple(PBR4) is estimated to have presold 1 million Apple Watches in the first weekend according to digital media analytics firm Slice Intelligence. SI PR link.

PepsiCo(PBR43) & NBA enter multiyear partnership; Chinese partner Tingyi’s Master Kong becomes basketball league beverage provider. $PEP PR link.

Sears Holding(PBR82) contributes 10 properties in 50/50 real estate partnership with Simon Property(PBR455). $SHLD PR link.

Citigroup(PBR26) CEO of Global Consumer Bank Manuel Medina-Mora retiring, Stephen Bird to succeed him on 06/01/15; other management changes announced. $C PR link.

Microsoft(PBR30) hires Kurt DelBene as EVP Corporate Strategy and Planning, reports to the CEO. $MSFT PR link.

Best Buy(PBR67) Chairman Hatim Tyabji to retire 06/09/15, CEO Hubert Joly to add role at that time. $BBY PR link.

eBay(PBR170) hires 3 executives to key leadership roles in preparation for spin-off. $EBAY PR link.

The US Dept of Treasury reports that for the 6 months through March Fiscal YTD Receipts were $1.42 trillion, Outlays $1.86 trillion, deficit $0.44 trillion. USDOT PR link.

Republican Senator from Florida Marco Rubio makes it official that he is a candidate to be the next US President. MR campaign link.

Sunday, April 12:
Former First Lady, Senator from New York, and Secretary of State Democrat Hillary Clinton announces that she is a candidate to be the next US President. HC campaign link.

Friday, April 10:
DJIA closes week at 18,057.65, +1.65% from last Thursday, +1.58% MTD/QTD, +1.31% YTD.
NASDAQ closes week at 4,995.98, +2.23% from last Thursday, +1.94% MTD/QTD, +5.49% YTD.
SPX closes week at 2,102.06, +1.70% from last Thursday, +1.65% MTD/QTD, +2.10% YTD.

Ford Motor(PBR8) reports it sold 296,825 vehicles in China during the 1st quarter, up 9% from last year. $F PR link.

General Electric(PBR9) in major restructuring to sell most of its GE Capital real estate assets for $26.5 billion to Blackstone(PBRPBR374) & Wells Fargo(PBR29); authorizes $50 billion shares buyback program through 2018. $GE PR link.

Blackstone Group(PBR374) to acquire retail REIT firm Excel Trust(NYSE: EXL) for $15.85/share, $2 billion. $EXL PR link.

The US Dept of Labor reports that the March US Import Prices Index was -0.3%, was +0.2% in February; the March US Exports Prices Index was +0.1%, was -0.2% in February. USDOL PR link.

Thursday, April 9:
eBay(PBR170) provides further information on plan to separate PayPal & working arrangements. $EBAY PR link.

Sprint(PBR162) to open 1,435 Sprint-RadioShack locations acquired by General Standard, to add 3,500 employees. $S PR link.

PG&E(PBR175) fined $1.6 billion by the California Public Utilities Commission for unsafe gas transmission lines operation, including the 2010 San Bruno pipeline rupture. CPUC PR link.

PG&E(PBR175) responds to CPUC $1.6 billion fine, says lessons will not be forgotten. $PCG PR link.

Avis Budget(PBR326) completes $160 million acquisition of largest independent Italian car rental company The Maggiore Group. $CAR PR link.

Harman Intl(PBR448) completes $780 million acquisition of private 8,000 employee $370 million/year software services company Symphony Teleca. $HAR PR link.

Acxiom(PBR1073) hires Rick Erwin to be President/GM of new division Audience Solutions, reports to CEO Scott Howe. $ACXM PR link.

The US Dept of Commerce says February Monthly Wholesale Sales were $444.2 billion, -0.2% from January, -1.5% from February 2014. USDOC PR link.

Wednesday, April 8:
Mylan(PBR360) bids $205/share, $29 billion cash/stock, for fellow generic drugmaker Perrigo(PBR564). $MYL PR link.

HanesBrands(PBR505) completes $200 million acquisition of seller of licensed collegiate logo apparel retailer Knights Apparel. $HBI PR link.

Netherlands based world’s 4th largest oil producer Royal Dutch Shell to acquire UK based liquid natural gas company BG Group for $70 billion in cash/stock. RDS PR link.

The US Federal Reserve Board releases the Federal Open Market Committee minutes from the 03/17-18/15 meeting. FRB PR link.

Tuesday, April 7:
FedEx(PBR61) to acquire Netherlands based logistics provider TNT Express for $8.73/share, $4.8 billion cash. $FDX PR link.

Halliburton(PBR94) to market for sale its drill bits, directional drilling and LWD/MWD businesses in connection with its Baker Hughes(PBR124) acquisition. $HAL PR link.

International Game Techology(PBR876) $6.4 billion acquisition by Italian based GTECH completed, to keep IGT name with headquarters in London. $IGT PR link.

ABM Industries(PBR489) names SVP Treasurer Anthony Scaglione as CFO, succeeds James Lusk who is leaving. $ABM PR link.

Frontier Communications(PBR497) promotes John Lass to EVP Field Operations, reports to CEO Dan McCarthy. $FTR PR link.

The US Dept of Labor in preliminary report says that there were 5.1million US Job Openings in February, 4.9 million hires, and 4.7 million separations. USDOL PR link.

The US Federal Reserve reports that February Consumer Credit at a seasonally adjusted annual rate of 5.6%, revolving credit at 5.0%, nonrevolving credit at 9.4%. USFRB PR link.

Monday, April 6:
Ventas(PBR707) to acquire private $2 billion/yr Ardent Health Care for $1.75 billion. $VTR PR link.

Ventas(PBR707) to spin-off post-acute/skilled nursing facility portfolio into a separate public REIT company 2nd half of 2015. $VTR PR link.

Health Care REIT(PBR693) VP Treasurer Mike Crabtree has retired as planned, Steve Schroeder promoted to the position. $HCN PR link.

Friday, April 3:
Good Friday Observed.
US Stock Exchanges Closed.

The PBR1000: The March 2015 Breaking News Recap is available. Click here for the blog post.

Tesla(PBR887) delivers 10,030 vehicles during the 1st quarter 2015, 55% more than in 2014. $TSLA PR link.

Hub Group(PBR623) promotes Vava Dimond to Chief Information Officer. $HUBG PR link.

BOK Financial(PBR1023) promotes Marc Maun to Chief Credit Officer, reports to President/CEO Steve Bradshaw. $BOKF PR link.

The US Dept of Labor reports that March Total Nonfarm Payroll Employment increased by only 126,000, unemployment rate stays at 5.5% USDOL PR link.

Thursday, April 2:
DJIA closes week at 17,763.24, +0.29% from last Friday, -0.07% MTD/QTD, -0.34% YTD.
NASDAQ closes week at 4,886.94, -0.09% from last Friday, -0.28% MTD/QTD, +3.19% YTD.
SPX closes week at 2,066.96, +0.29% from last Friday, -0.04% MTD/QTD, +0.39% YTD.

Group 1 Automotive(PBR291) has acquired $160 million/yr Prestige Audi in N Miami Beach, FL. $GPI PR link.

Simon Property(PBR455) authorizes 24 month $2 billion shares buyback program. $SPG PR link.

Expedia(PBR496) purchasing Amgen(PBR144) Seattle waterfront campus as headquarters location in 2018. $EXPE PR link.

Dynegy(PBR1000) completes $2.8 billion acquisition of Duke Energy(PBR111) Midwest 7 MWhr commercial generation & retail assets. $DYN PR link.

Ralph Lauren(PBR337) promotes Christopher Peterson to President, Global Brands, Mitchel Kosh to Chief Administration Officer, Robert Madore to CFO. $RL PR link.

Hershey Co(PBR347) promotes President/CEO John Bilbrey to the additional post of Chairman. $HSY PR link.

Mattel(PBR383) Chairman/Interim CEO Christopher Sinclair now CEO, retains Chairman position. $MAT PR link.

Cliffs Natural Resources(PBR422) EVP Business Development P. Kelly Tompkins now EVP/CFO, Clifford Smith now EVP Business Development. $CLF PR link.

Transdigm(PBR798) hires Terrance Paradie as EVP/CFO, to succeed Greg Rufus who is retiring. $TDG PR link.

The US Dept of Commerce reports that the preliminary February International Trade Balance was $186.2 billion in exports, $221.7 billion in imports, US deficit was $35.4 billion. USDOC PR link.

The US Dept of Commerce reports that the February New Orders for Manufactured Goods was up 0.2% over January to $468.3B, 1st up month in 6 months. USDOC PR link.

The US Dept of Labor reports that Unemployment Insured Initial Claims were at 268,000 for the week ending 03/28/15, 20,000 less than the previous week. USDOL PR link.

Wednesday, April 1:
Target(PBR38) to shut all 133 Canadian stores by 04/12/15. $TGT PR link.

AIG(PBR41) completes acquisition of Ireland’s 2nd largest health insurance provider, Laya Healthcare. $AIG PR link.

McDonald’s(PBR96) USA to increase wages on 07/01/15 to $1 above minimum wage at corporate locations, to at least $10/hr by end of 2016; also expanding employee benefits. $MCD PR link.

US Commodity Futures Trading Commission charges Kraft Foods(PBR145) & Mondelez(PBR85) with manipulation of wheat futures & cash wheat prices. CFTC PR link.

Celgene(PBR381) appoints Gerald Masoudi EVP, General Counsel & Corporate Secretary, succeeds retiring Lawrence Stein. $CELG PR link.

FMC Corp(PBR578) completes sale of Alkali Chemicals business to Tronox(PBR907) for $1.64 billion. $FMC PR link.

Carlisle Cos(PBR679) completes acquisition of Graco(PBR1072) Liquid Finishing business assets for $590 million cash. $CSL PR link.

Dynegy(PBR1000) completes $3.45 billion purchase of 6.3 gigawatts of power from Energy Capital Partners. $DYN PR link.

ADP(PBR220) reports that March Private Sector Employment grew by 189,000. $ADP PR link.

The US Dept of Commerce reports that the February annual construction rate was at $967.2 billion, -0.1% from January, +2.1% over February 2014. USDOC PR link.

California governor Jerry Brown issues executive order for state to reduce its water usage by 25%. CA Governor Newsroom PR link.

(The PBR1000 is the premiere comparative data and reporting service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate over $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your annual subscription, just go to the PBRMarketTools.com Order page.)

(Photo courtesy of freedigitalphotos.net, Stuart Miles.)

Filed Under: Recaps Tagged With: , , , , , , , , ,

The PBR1000: The March 2015 Breaking News Recap!

April 4, 2015 by
ID-100270408 Under Construction Supertrooper

After The 1st Quarter, 2015 Is Still Very Much Under Construction.

 

By Larry C. Paxton

With the end of March 2015 the 1st Quarter is in the books and it is with mixed results. The economy continues to show slow but steady progress, oil and key commodities prices were pretty stable, and reflected at the gas pump, which seems to have lead to higher consumer optimism about the future.  The Federal Reserve Board  continues to show restraint on raising interest rates, and justifiably so, based on their careful analysis. However, any whisper of an increase in interest rate creates a lot of volatility in the markets, with wide swings on several days throughout March. On the international scene the European Union seems focused on trying to find a resolution with Greece and its obligations, Ukraine is rarely in the news. China is trying to bolster its own economy which is still growing, but certainly not at the rapid pace of years past. The capturing the headlines towards the end of March were the nuclear power countries negotiating with Iran to delay or end its development of nuclear bomb material. So, there are some big question marks as we enter the second quarter, and these can result in huge opportunities or major setbacks, but will probably be somewhere in between. Based on results so far this year, 2015 is still very much under construction.

Following are The PBR1000 and economic news items of note for March 2015 starting with the last active day.

Tuesday, March 31:
DJIA closes month at 17,776.12, +0.36% from last Friday, -1.97% MTD, -0.26% QTD/YTD.
NASDAQ closes month at 4,900.89, +0.20% from last Friday, -1.26% MTD, +3.48% QTD/YTD.
SPX closes month at 2,067.89, +0.33% from last Friday, -1.74% MTD, +0.44% QTD/YTD.

IBM(PBR24) to invest $3 billion over 4 years to establish a new Internet of Things unit. IBM PR link.

Comcast(PBR44) & CFO Michael Angelakis to invest $4.1 billion to create new investment/operating global company. New CFO search starting. CMCSA PR link.

Arrow Electronics(PBR129) completes acquisition of 800 partners government sales specialist immixGroup. ARW PR link.

Charter Communications(PBR320) to acquire 6th largest US cable operator Bright House Networks for $10.4 billion. CHTR PR link.

CBRE Group(PBR346) to acquire Johnson Controls(PBR65) Global Workplace Solutions unit for $1.475 billion cash. CBG PR link.

RadioShack(PBR619) gets okay from bankruptcy judge to sell stores to hedge fund Standard General. Associated Press article PR link.

GNC(PBR739) selects agencies Consigliere, CROSSMEDIA, & 22squared for branding & marketing efforts. GNC PR link.

Macerich(PBR1090) rejects new $95.50/share, $23.5 billion unsolicited offer from Simon Property(PBR455). MAC PR link.

Chevron(PBR3) Vice Chairman & EVP Upstream George Kirkland to retire 06/15/15, Jay Johnson to become EVP Upstream. CVX PR link.

Cameron Intl(PBR269) appoints Justin Rounce as VP Marketing & Chief Technology Officer, reports to Chairman/CEO Jack Moore. CAM PR link.

Campbell Soup(PBR315) promotes Ed Carolan to SVP in new Integrated Global Services unit. CPB PR link.

Equifax(PBR817) promotes Trey Loughran to Chief Marketing Officer, succeeds Paul Springman who is retiring after 24 years. EFX PR link.

The US Dept of Commerce reports that the 4th Quarter 2014 US Net International Position was assets $24.7 billion, liabilities $31.6 billion, deficit of $6.9 billion. USDOC PR link.

Monday, March 30:
UnitedHealthcare(PBR14) OptumRx pharmacy care services unit to acquire pharmacy benefit management company Catamaran(PBR189) for $61.50/share, $12.8 billion. UNH PR link.

Archer-Daniels-Midland(PBR28) to acquire private Belgium based edible oils bottler/distributor AOR NV. ADM PR link.

Best Buy(PBR67) Canadian unit to close Future Shops, consolidate to 192 Best Buy locations, layoff 1,500 employees. BBY PR link.

Alcoa(PBR122) to curtail smelting capacity in Brazil by 04/15/15. AA PR link.

Avis Budget(PBR326) marks 100 million rental days in N America over past 12 months. CAR PR link.

Fortune Brands(PBR551) to acquire kitchen/bathroom cabinetry manufacturer Norcraft for $25.50/share, $600 million. FBHS PR link.

Perrigo(PBR564) completes buy of Belgium based over-the-counter healthcare products company Omega Pharma NV for $4.5 billion cash & equity. PRGO PR link.

American Tower(PBR625) completes acquisition of exclusive rights to 11,448 wireless communications sites from Verizon(PBR15) for $5 billion cash. AMT PR link.

GNC(PBR739) herbal products are in full compliance with FDA regulations, reaches agreement with the NY Attorney General for further testing. GNC PR link.

Tesla(PBR887) CEO Elon Musk tweets that there will be a major announcement on 04/30/15 regarding a new non-automotive product.

Enterprise Products(PBR56) announces CEO Mike Creel to retire 12/31/15; COO Jim Teague to become CEO; Fowler, Bulawa and Nelly promoted. EPD PR link.

Yahoo!(PBR500) hires Bryan Power as SVP Human Resources, reports to CEO Marissa Mayer. YHOO PR link.

TD Ameritrade(PBR651) CFO Bill Gerber retiring, hires Steve Boyle to be CFO in July. AMTD PR link.

New York Times(PBR982) promotes Kinsey Wilson EVP Product & Technology, reports to President/CEO Mark Thompson & Executive Editor Dean Baquet. NYT PR link.

The US Dept of Commerce reports that the February US Annual Personal Income was at $15.130 trillion, +3.9% over January, savings rate was at 5.8% of disposable income, was 5.5% in January. USDOC PR link.

Friday, March 27:
DJIA closes week at 17,712.66, -2.29% from last Friday, -2.32% MTD, -0.62% QTD/YTD.
NASDAQ closes week at 4,891.22, -2.69% from last Friday, -1.46% MTD, +3.28% QTD/YTD.
SPX closes week at 2,061.02, -2.23% from last Friday, -2.07% MTD, +0.10% QTD/YTD.

Chevron(PBR3) to sell off its 50% share in Caltex Australia. CVX PR link.

Johnson & Johnson(PBR39) Ethicon unit gets agreement to collaborate with Google(PBR46) on surgical robotics. JNJ PR link.

Dow Chemical(PBR48) to separate much of its chlor-alkali business which will merge with Olin Corp(PBR769) in $5 billion deal. DOW PR link.

Visteon(PBR338) receives antitrust approvals for sale of its 70% interest in S. Korea based 15,500 employee Halla Visteon Climate Control to Hahn & Co for $3.6 billion. VC PR link.

Dynegy(PBR1000) gets regulatory approval to buy 12,500 MW of coal & gas generation from Duke Energy(PBR111) & Energy Capital Partners(NR) for $6.25 billion. DYN PR link.

Davita Healthcare(PBR312) announces CFO Garry Menzel leaving, James Hilger named Interim CFO. DVA PR link.

Ascena Retail(PBR493) hires Brian Lynch as President/CEO of its Justice tween specialty retail unit. ASNA PR link.

QuikSilver(PBR925) President Pierre Agnes now CEO, Greg Healey promoted to President, founder Bob McKnight appointed Chairman. ZQK PR link.

Thursday, March 26:
Goodyear Tire(PBR137) has established its first Chinese development center in Pulandian. GT PR link.

Medtronic(PBR161) completes acquisition of minimally invasive hearing implant provider Sophono. MDT PR link.

Carnival Corp(PBR176) to add 9 new generation cruise ships over 4 year period starting in 2019. CCL PR link.

Dover(PBR295) selling its precision-engineered components Sargeant Aerospace & Defense unit to RBC Bearings(NASDAQ: ROLL) for $500 million. DOV PR link.

AAR Corp(PBR882) completes the sale of Telair Cargo Group to TransDigm(PBR798) for $725 million cash. AIR PR link.

Calumet Specialty(PBR443) promotes F William Grube to Executive Vice Chairman, hires Bill Hatch as Interim CEO, starting 04/01/15. CLMT PR link.

FreddieMac(PBR33) says 30 year fixed mortgage rates averaged 3.69% with 0.6 points in the last week. FreddieMac PR link.

Wednesday, March 25:
Comcast(PBR44) EVP/Chief Diversity Officer David Cohen says merger with Time Warner Cable(PBR125) moving to mid 2015 because of regulatory issues. CMCSA PR link.

Kraft Foods(PBR145) to be acquired by HJ Heinz with 51% ownership, to be Kraft Heinz, special $16.50/share dividend, $10 billion, to Kraft stockholders. KRFT PR link.

Brown-Forman(PBR575) increases share buyback program by $1 billion. BFB PR link.

Global Payments(PBR756) acquires European based Realex Payments for $110 million. GPN PR link.

Tuesday, March 24:
Merck(PBR63) adds $10 billion, total $11.7 billion, for shares buyback program. MRK PR link.

Hertz(PBR249) provides explanation for failure to file 10-K with SEC, has until 09/17/15. HTZ PR link.

Ross Stores(PBR260) to do 2:1 stock split on 06/11/15. ROST PR link.

AutoZone(PBR278) adds $750 billion to its ongoing shares buyback program. AZO PR link.

Group 1 Automotive(PBR291) has acquired $80 million/yr Dallas/Ft Worth area DFW Audi. GPI PR link.

Carlyle Group(PBR528) to acquire majority stake in 200 client $100 billion in assets Conifer Financial Services. CG PR link.

Lexmark Intl(PBR598) to acquire software developer Kofax(NASDAQ: KFX) for $11/share, $1 billion. LXK PR link.

Alliance One Intl(PBR804) responds to compliance issue by NYSE regarding strategies to get stock price at or above $1.00. AOI PR link.

Google(PBR46) hires Morgan Stanley(PBR81) CFO Ruth Porat as CFO, effective 05/26/15. GOOG PR link.

The US Dept of Labor reports that the February current average earnings/hr is $24.78, +0.1% from January, +2.0% from February, 2014 USDOL PR link.

The US Dept of Labor reports that the February Consumer Price Index-Urban was up 0.2% over January, 0.0% for the last 12 months. USDOL PR link.

The US Dept of HUD reports that February sales of new single family homes were at a 539,000 annual rate, +7.8% over January, +24.8% over February, 2014. HUD PR link.

Monday, March 23:
Humana(PBR71) to sell wholly owned subsidiary Concentra to a joint venture of Select Medical & Welsh Carson for $1.055 billion cash. HUM PR link.

American Electric Power(PBR177) to review strategic alternatives for its barge transportation business. AEP PR link.

Tenet Healthcare(PBR223) to own 50.1% of a joint venture with United Surgical to form largest US ambulatory surgery provider valued at $2.6 billion. THC PR link.

Tenet Healthcare(PBR223) to acquire UK based 9 hospital/clinic facilities Aspen Healthcare for $215 million cash. THC PR link.

Biogen Idec(PBR358) changes name to Biogen, keeps stock symbol. BIIB PR link.

ON Semiconductor(PBR710) changing its NASDAQ stock symbol from ONNN to ON on 04/06/15. ONNN PR link.

Carnival Corp(PBR176) promotes James Chedgy to VP, Global Financial Planning & Analysis, reports to Treasurer Josh Weinstein. CCL PR link.

The National Association of Realtors says February Existing Home Sales were at a 4.88 million annual rate, +1.2% over January, +4.7% over February, 2014. NAR PR link.

The White House issues a statement marking the 5th year anniversary of the signing of The Affordable Care Act, aka Obamacare. WH PR link.

Friday, March 20:
DJIA closes week at 18,127.65, +2.13% from last Friday, -0.03% MTD, +1.71% QTD/YTD.
NASDAQ closes week at 5,026.42, +3.17% from last Friday, +1.27% MTD, +6.13% QTD/YTD.
SPX closes week at 2,108.10, +2.66% from last Friday, 0.17% MTD, +2.39% QTD/YTD.

RadioShack(PBR619) notifies SEC of its intent to de-list from the NYSE on 03/31/15. RSHCQ PR link.

Macerich(PBR1090) confirms new $95.50/share, $23.5 billion unsolicited offer from Simon Property(PBR455). MAC PR link.

AVX(PBR1003) Chairman/CEO John Gilbertson resigning effective 03/31/15, John Sarvis to be promoted to CEO on 04/01/15. AVX PR link.

BOK Financial(PBR1023) announces resignation of COO Dan Ellinor, Stacy Kymes promoted to new position of EVP Corporate Banking. BOKF PR link.

Thursday, March 19:
American Express(PBR86) gets exclusive multi-year co-brand deal with Charles Schwab(PBR442). AMEX article link.

SeaWorld(PBR1002) hires Joel Manby to be CEO effective 04/07/15, David D’Alessandro to remain Chairman. SEAS article link.

FreddieMac(PBR33) says the 30 Year Fixed Mortgage Rate averaged 3.78% with 0.6 point for week ending 03/19/15, was 4.32% year ago. Freddie Mac PR link.

Wednesday, March 18:
Target(PBR38) employees to receive $9 minimum wage next month UPI article link.

Starbucks(PBR164) reaffirms 7 strategies to grow market cap to $100 billion, to test delivery services. SBUX PR link.

Starbucks(PBR164) announces 2:1 stock split after 04/08/15 closing. SBUX PR link.

Ocwen Financial(PBR881) to sell $9.6 billion portfolio of mortgage servicing rights to Green Tree(NR). OCN PR link.

ITT Educational(PBR1078) provides update on failure to file required 10-K report to SEC. ESI PR link.

TreeHouse Foods(PBR819) promotes Christopher Sliva to EVP/COO. THS PR link.

Tuesday, March 17:
Happy St. Patrick’s Day!

Actavis(PBR297) completes $70.5 billion acquisition of Allergan(PBR392), combined company expects $23 billion in 2015 revenues. ACT PR link.

Becton Dickinson(PBR305) completes $12.2 billion acquisition of CareFusion(PBR580). BDX PR link.

Charter Communications(PBR320) shareholders approve issuance of shares in transactions with Comcast(PBR44). CHTR PR link.

Brookdale Senior Living(PBR692) & HCP(PBR866) to acquire 35 private pay senior living communities from Chartwell Retirement Residences for $849 million. HCP PR link.

Greenbrier Cos(PBR839) gets $1.09 billion in orders for 10,100 railcars. GBX PR link.

Equinix(PBR852) to become an S&P 500 component after close on 03/20/15. EQIX PR link.

Macerich(PBR1090) board rejects Simon Property(PBR455) $91/share, $22.4 billion unsolicited offer, feels it was undervalued. MAC PR link.

Groupon(PBR750) hires Carol Campagnolo as SVP Human Resources & Jay Sullivan as SVP Consumer Product. GRPN PR link.

The Dept of HUD reports that preliminary February New Housing Permits were at a 1,092,000 annual rate, +3% over January, +7.7% over February 2014. HUD PR link.

Monday, March 16:
The PBR1000 February Snapshots, 15 analytical reports on 1,081 public companies in Excel format, has been released.

General Electric(PBR9) selling its GE Capital Australia & New Zealand Consumer Lending Business for $6 billion enterprise value to a consortium of investors that includes KKR(PBR272). GE PR link.

Henry Schein(PBR276) to become an S&P 500 component on 03/18/15. HSIC PR link.

Blackstone Group(PBR374) to acquire Chicago’s 3.8 million sf, 110 stories tall, 2nd tallest office building in the US, Willis Tower, terms not disclosed. BX PR link.

McGraw Hill(PBR482) S&P500 unit to add American Airlines Group(PBR103) to its index, will replace Allergan(PBR392) which is being acquired by Actavis(PBR297). MHFI PR link.

Babcock & Wilcox(PBR637) files registration statement to form an independent public spinoff of its power generation business. BWC PR link.

Diebold(PBR696) acquires Canada based ATM software developer 200 employee Phoenix Interactive. DBD PR link.

A. Schulman(PBR787) to acquire specialty engineered plastics company Citadel Plastics for $800 million. SHLM PR link.

Endo Health(PBR741) withdraws its $175/share, $11 billion cash & stock offer for Salix Pharmaceuticals(SLXP) because of competing Valeant bid. ENDP PR link.

Coca-Cola Enterprises(PBR317) EVP/Supply Chain Bill Douglas retiring, Ronald Lewis to rejoin as SVP/Supply Chain. CCE PR link.

Visteon(PBR338) President/CEO Timothy Leuliette to step down by end of 2015, search firm retained. VC PR link.

Spectrum Brands(PBR529) promotes COO Andreas Rouve to CEO, to succeed retiring Dave Lumly. SPB PR link.

Friday, March 13:
DJIA closes week at 17,749.31, -0.60% from last Friday, -2.11% MTD, -0.41% QTD/YTD.
NASDAQ closes week at 4,871.76, -1.13% from last Friday, -1.85% MTD, +2.87% QTD/YTD.
SPX closes week at 2,053.40, -0.86% from last Friday, -2.43% MTD, -0.27% QTD/YTD.

MGM Resorts(PBR270) promotes Nik Rytterstrom to General Manager of the Las Vegas Luxor Resort; Renee West, president of Luxor & Excalibur Resorts, to retire on 04/24/15. MGM PR link.

Facebook(PBR327) acquires shopping site TheFind. TheFind PR link.

The US Dept of Labor reports that private industry employers spent an average of $31.32/hr worked for employee compensation in December 2014, $46.50/hr for union workers. USDOL PR link.

The US Dept of Labor reports that the February Producer Price Index for final demand fell 0.5%, decreased 0.6% for the 12 months ended in February. USDOL PR link.

Thursday, March 12:
Amazon(PBR37) launches Amazon Exclusives store featuring new innovative products from popular up and coming brands, including some from TV show “Shark Tank.” AMZN PR link.

Dollar General(PBR153) to open new 730 stores in 2015, move/remodel 875 stores, has $1.2 billion available for shares buyback. DG PR link.

Gannett(PBR458) on track to spin-off new publicly held broadcasting/digital company in mid 2015. GCI PR link.

RadioShack(PBR619) in 8-K filing states that since it is in Chapter 11 stockholders should not expect to receive any recovery funds. RSHCQ PR link.

Children’s Place Retail(PBR934) in outlook says it expects to close 200 stores in 2013-2017. PLCE PR link.

Dollar General(PBR153) EVP/CFO David Tehle resigning effective 07/01/15, internal/external search starts. DG PR link.

FreddieMac(PBR33) reports that 30 year fixed mortgage rates averaged 3.86% with 0.6 point for week ending 03/12/15, 3.75% last week, 4.37% a year ago. FreddieMac PR link.

The US Dept of Commerce reports that advance estimate of February retail/food services sales were $437.0 billion, -0.6% from January, +1.7% above February 2014. USDOC PR link.

The US Dept of Treasury says February US government receipts were $139 billion, outlays $332 billion, deficit $192 billion, deficit YTD(5 mos) is $387 billion. Treasury PR link.

Wednesday, March 11:
United Technologies(PBR45) exploring strategic alternatives for its Sikorsky helicopter unit, including possible public spin-off. UTX PR link.

The US Federal Trade Commission charges DIRECTV(PBR90) with deceptively advertising the cost of its satellite television service. FTC PR link.

KKR(PBR272) to acquire Air Medical Group which handles 75,000 medical emergencies annually. KKR PR link.

PetSmart(PBR359) acquisition by a consortium led by pan-Euopean buyout investor BC Partners for $83/share, $8.7 billion cash is completed, being delisted from NASDAQ. PETM PR link.

Ingredion(PBR371) completes acquisition of specialty ingredients provider Penford Corp for $340 million. INGR PR link.

Endo Health(PBR741) makes unsolicited acquisition offer to Salix Phamaceuticals(SLXP) for $175/share cash & stock, $11 billion. ENDP PR link.

The US Federal Reserve Board completes evaluations of “stress tests”(CCAR) of major financial institutions. FRB PR link.

Because of the US Federal Reserve Board CCAR results the following organizations authorize shares buyback programs:
American Express(PBR86) up to $6.6 billion
Bank of America(PBR22) $4 billion
Bank of New York Mellon up to $3.1 billion
Citigroup(PBR26) up to $7.8 billion
Discover Financial(PBR281) up to $2.2 billion
JPMorgan Chase(PBR20) up to $6.4 billion
PNC Financial(PBR171) up to $2.875 billion
State Street(PBR259) up to $1.8 billion
US Bancorp(PBR131) $3 billion

FreddieMac(PBR33) in March US Economic/Housing Market Outlook says 2015 to be best year for home sales since 2007. FreddieMac PR link.

The US Dept of Labor reports that private industry employers spent an average of $31.32/hour worked in December 2014, $21.72/hour worked, $9.60/hour in benefits. USDOL PR link.

Tuesday, March 10:
Express Scripts(PBR21) reports that 2014 US prescription drug spending increased 13.1%, driven by Hepatitis C & compounded medications. ESRX PR link.

Target(PBR38) files 8-K announcing layoff of 1,700, to save $100 million. TGT PR link.

Actavis(PBR297) $66 billion acquisition of Allergan(PBR392) approved at both shareholders meetings, expected to close in 2-4 weeks. AGN PR link.

The Pantry(PBR331) shareholders approve acquisition by Quebec, Canada based Alimentation Couche-Tard for $36.75/share, $1.7 billion deal. PTRY PR link.

First Solar(PBR628) & SunPower(PBR772) forming 8point3 Energy Partners limited partnership to own/operate a portfolio of selected solar generation assets, IPO paperwork filed. FSLR PR link.

Sprouts Farmers Market(PBR789) announces closing of sale of all remaining shares held by affiliates of Apollo Global Management(PBR531). SFM PR link.

AmSurg(PBR1077) physician services division, Sheridan, completes acquisition of 50+ radiologists practice Radiology Associates of Hollywood, FL. AMSG PR link.

Google(PBR46) files 8-K regarding CFO Patrick Pichette’s retirement within next 6 months. GOOG PR link.

The US Dept of Labor reports that there were 5.0 million job openings on the last business day of January, little changed from December. Hires decreased to 5.0 million and separations were little changed at 4.8 million in January. USDOL PR link.

The US Dept of Commerce reports that January merchant wholesalers sales were $433.7 billion, down 3.1% from December, down 1.0% from the January 2014 level. USDOCL PR link.

Monday, March 9:
Apple(PBR4) announces Apple Watch, to be available 04/24/15 in 9 countries, retails for $349 to $10,000. AAPL PR link.

General Motors(PBR7) authorizes an initial $5 billion shares buyback program, targets $20 billion cash balance. GM PR link.

Macy’s(PBR97) completes acquisition of 60 locations luxury beauty products & spa services retailer Bluemercury for $210 million cash. M PR link.

QUALCOMM(PBR104) authorizes $15 billion shares buyback program, will use $10 billion over next 12 months. QCOM PR link.

Alcoa(PBR122) to acquire titanium & specialty metal products manufacturer RTI(NYSE: RTI) in a $1.5 billion stock deal. AA PR link.

Barnes & Noble(PBR388) investing in college study materials provider Flashnotes.com. BKS PR link.

Harbinger Group(PBR412) changes name to HRG Group; president Omar Asali adds CEO title. HRG PR link.

Simon Property(PBR455) proposes to buy fellow mall developer/manager Macerich(PBR1090) for $91/share, $22.4 billion, which includes $6.4 billion of debt. SPG PR link.

Gaming & Leisure Properties(NASDAQ: GLPI makes unsolicited $4.1 billion offer to buy Pinnacle Entertainment(PBR993) assets. GLPI PR link.

The US Congressional Budget Office estimates a deficit of 2.7% of GDP in 2015, 2.4% the next 3 yrs, then rise. By 2025 public debt is estimated to be at 77% of GDP. CBO PR link.

Friday, March 6:
DJIA closes week at 17,856.78, -1.52% from last Friday & MTD, +0.19% QTD & YTD.
NASDAQ closes week at 4,927.37, -0.73% from last Friday & MTD, +4.04% QTD & YTD.
SPX closes week at 2,071.26, -1.58% from last Friday & MTD, +0.60% QTD & YTD.

Dow Jones announces that Apple(PBR4) will replace AT&T(PBR12) on the DJIA on 03/19/15. DJ PR link.

Alcoa(PBR122) doing strategic review of smelting & refining capacity worldwide for possible divestiture. AA PR link.

PetSmart(PBR359) shareholders approve acquisition by a consortium led by pan-Euopean buyout investor BC Partners for $83/share, $8.7 billion cash, expected to close on 03/11/15. PETM PR link.

Orbital ATK(PBR494) designed & built Dawn spacecraft now orbiting dwarf planet Ceres. OA PR link.

NII Holdings(PBR495) announces a new restructuring plan to emerge from Chapter 11. NIHDQ PR link.

The US Food & Drug Administration approves its first biosimilar medication for use in the US, Sandoz’s Zarxio. FDA PR link.

The US Dept of Labor reports that Total Nonfarm Payroll Employment was up by 295,000 in February, the Unemployment Rate is at 5.5%. USDOL PR link.

The US Federal Reserve Board reports that January Consumer Credit increased at an annual rate of 4.25%, revolving credit -1.5%, nonrevolving credit +6.25%. FRB PR link.

The US Dept of Commerce reports that the January International Trade of Goods and Services deficit was $41.8 billion, down $3.8 billion from December. USDOC PR link.

Thursday, March 5:
3M(PBR92) releases revised paper policy providing leading-edge protection for forests, endangered species, and forest communities worldwide. MMM PR link.

SunEdison(PBR888) acquires energy storage operating projects, pipeline, and project origination team from Solar Grid Storage. SUNE PR link.

Airgas(PBR463) to promote SVP/HR Pamela Claypool to President, Airgas North Division up retirement of Shaun Powers in August, will report to Andrew Cichocki, President, Airgas USA. ARG PR link.

Clearwater Paper(PBR913) VP of Supply Chain Patrick Burke to become President, Consumer Products Division, upon retirement of Thomas Colgrove at end of the quarter. CLW PR link.

Centrus Energy(PBR1035) hires Daniel Poneman, former US deputy secretary of energy, as president/CEO. LEU PR link.

The US Dept of Labor reports that the 4th quarter 2014 Nonfarm Business Sector Labor Productivity decreased at a 2.2 percent annual rate, output increased 2.6 percent and hours worked increased 4.9 percent. USDOL PR link.

The US Dept of Commerce reports that New Orders for Manufactured Goods in January, down 6 consecutive months, was -$0.9 billion, or -0.2%, to $470.0 billion. USDOC PR link.

The PBR1000 Index for February is 298,638.22, +3.24% over January, -0.90% QTD/YTD, +21.46% over 12/31/13.

Wednesday, March 4:
McDonald’s(PBR96) USA announces new antibiotics policy & menu sourcing initiatives. MCD PR link.

AbbVie(PBR142) to acquire hematology oncology Imbruvica developer Pharmacyclics(NASDAQ: PCYC) for $21 billion. ABBV PR link.

Bristol-Myers Squibb(PBR165) gets FDA approval for lung cancer treatment Opdivo. BMY PR link.

Baxter Intl(PBR179) acquires German based private autoimmune& allergic disease treatment biopharma company SuperMol for $225 million. BAX PR link.

HanesBrands(PBR505) previously announced 4:1 stock split is effective today. HBI PR link.

Brocade Communication(PBR836) completes acquisition of Riverbed Technology’s(PBR1085) SteelApp assets. BRCD PR link.

Alcoa(PBR122) hires José Aurélio Drummond as President of Alcoa Latin America, effective 03/09/15. AA PR link.

AECOM(PBR309) CEO Michael Burke adds Chairman title, effective 03/04/15. ACM PR link.

ADP(PBR220) reports that the February private sector jobs increased by 212,000, down 38,000 from January. ADP PR link.

The US Federal Reserve Board releases latest Beige Book, reports moderate economic growth in most districts. FRB PR link.

Tuesday, March 3:
Citigroup(PBR26) selling its OneMain credit service to Springleaf(NYSE: LEAF) for $4.25 billion. C PR link.

Target(PBR38) to cut $2 billion in costs over next 2 years, grow digital channel by 40%/year, open stores with more flexible formats. TGT PR link.

Best Buy(PBR67) resumes authorized $5 billion shares buyback program, to use $1 billion over next 3 years. BBY PR link.

Alcoa(PBR122) completes acquisition of private German titanium products $100 million/yr, 600 employees, company TITAL. AA PR link.

Stryker Corp(PBR288) authorizes additional $2 billion shares buyback program to $583 million currently available. SYK PR link.

Arthur J Gallagher(PBR647) acquires NationAir Aviation Insurance of W Chicago, IL. AJG PR link.

Frontier Communications(PBR497) Pres/COO Daniel McCarthy to become Pres/CEO on 04/03/15, CEO Maggie Wilderotter to become Exec Chair. FTR PR link.

Hubbell(PBR646) hires Maria Lee as VP, Corporate Strategy & Investor Relations, reports to SVP/CFO William Sperry. HUBB PR link.

Brinker Intl(PBR688) hires Tom Edwards, Jr, as EVP/CFO, effective 03/16/15. EAT PR link.

Other News Highlights: House of Representatives passes the Homeland Security Funding bill passed by the Senate; Israeli Prime Minister Benjamin Netanyahu warns US of Iran nuclear threats in historic joint meeting of Congress.

Monday, March 2:
Costco(PBR18) enters multi-year co-brand credit card agreement with Citigroup(PBR26) & co-brand incentive agreement with VISA(PBR212). COST PR link.

Cardinal Health(PBR27) to acquire Johnson & Johnson’s(PBR39) cardiac/endovascular medical products unit Cordis for $1.944 billion cash. CAH PR link.

Arrow Electronics(PBR129) to acquire 800 partners government sales specialist immixGroup. ARW PR link.

eBay’s(PBR170) PayPal unit is acquiring mobile payments provider Paydiant for $280 million. EBAY PR link.

Avis Budget(PBR326) to acquire the largest independent Italian car rental company The Maggiore Group for $170 million. CAR PR link.

Boston Scientific(PBR349) to acquire urology portfolio from Endo Intl’s(PBR741) American Medical Systems unit for up to $1.65 billion cash. BSX PR link.

Arthur J Gallagher(PBR647) acquires NJ based wholesale brokers Excel Insurance Services & Metcom Excess. AJG PR link.

Heartland Payment Systems(PBR859) acquires private national payroll service provider Payroll 1. HPY PR link.

Lumber Liquidators(PBR1093) responds to “60 Minutes” episode regarding product safety issues. LL PR link.

Archer-Daniels-Midland(PBR28) makes several leadership appts, including div presidents, SVP, & CTO. ADM PR link.

AECOM(PBR309) hires Carla Christofferson as EVP, General Counsel. ACM PR link.

Axiall(PBR503) announces departure of George Biltz, Chief Strategy Officer, to take a CEO position in another company. AXLL PR link.

DeVry(PBR906) hires Lisa Sodeika as SVP External Relations, succeeds Sharon Thomas Parrott who is retiring. DV PR link.

The US Dept of Commerce reports that January Personal Income was at a $15.062 trillion annual rate, up 0.3% over December. USDOC PR link.

The US Dept of Commerce reports that January Construction Spending was at a $971.4 billion annual rate, -1.1% from December, +1.8% from January 2014. USDOC PR link.

Sunday, March 1:
The PBR1000: The February 2015 Breaking News Recap is available. Click here for the blog post.

Netherlands based NXP Semiconductor (NASDAQ: NXPI) & Freescale Semiconductor (PBR548) agree to merger in $11.8 billion deal, to close 2nd half of 2015. FSL PR link.

(The PBR1000 is the premiere comparative data and reporting service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate over $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your annual subscription, just go to the PBRMarketTools.com Order page.)

(Photo courtesy of freedigitalphotos.net, Supertrooper.)

Filed Under: Recaps Tagged With: , , , , , , ,

The PBR1000: The February 2015 Breaking News Recap!

March 2, 2015 by
ID-100207743 Graphic-World Business-KROMKRATHOG

The Global Market Place Was Very Active In February 2015! By Larry C. Paxton

 

February 2015 started out with a classic battle on the American football field with Super Box XLIX. The global market place also had many ongoing battles, and several of them have yet to be played out. The recent dramatic drop in oil prices continues to be a major driver. The Eurozone granted Greece a 4 month extension on its loans. The Ukraine/Russia ceasefire is fragile. The Middle East remains unsettled. In the US the government struggled over issues of the Keystone XL Pipeline. There was the funding of the Department of Homeland Security with or without some implications to President Obama’s immigration directives.  The Federal Communications Commission approved some controversial net-neutrality regulations. Several major acquisitions were closed. Throughout it all some of the US stock exchanges reached new highs. Annual reports were submitted with mixed results. So, the battles continue. Let’s see what happens as we finish the first quarter of 2015!

Following are The PBR1000 and economic news items of note for February 2015 starting with the last active day.

Friday, February 27:
DJIA closes week at 18,132.70, -0.04%% from last Friday, +5.64% MTD, +1.74% QTD & YTD.
NASDAQ closes week at 4,963.53, +0.15% from last Friday, +7.08% MTD, +4.80% QTD & YTD.
SPX closes week at 2,104.50, -0.27% from last Friday, +5.49% MTD, +2.21% QTD & YTD.

Mylan(PBR360) completes $5.3 billion stock deal for acquisition of Abbott’s(PBR127) non-US developed markets specialty & branded generics business. MYL PR link.

Targa Resources(PBR377) completes $7.7 billion acquisition of Atlas Energy(PBR748). TRGP PR link.

Cooper-Standard(PBR654) acquires 95% of China based Huayu-Cooper Standard Sealing Systems, has 9 manufacturing facilities & 2 technical centers. CPS PR link.

Kroger(PBR25) SVP/Human Resources Katy Barclay retiring in the Fall of 2015, Timothy Massa will take over HR responsibilities. KR PR link.

Priceline(PBR365) promotes Paul Hennessy to become CEO of the priceline.com division on 04/01/15. CEO Chris Soder to become division Chairman. PCLN PR link.

The US Dept of Commerce in 2nd Estimate says 4th quarter Gross Domestic Product was at a 2.2% annual rate, $17.7 trillion. USDOC PR link.

Thursday, February 26:
Gap Inc(PBR168) approves $1 billion shares buyback program, adds to $7.25 billion repurchased since 2010. GPS PR link.

Catamaran Corp(PBR189) to acquire pharmacy benefit management client Healthcare Solutions for $405 million. CTRX PR link.

Ross Stores(PBR260) authorizes $1.4 billion shares buyback program through fiscal year 2016. ROST PR link.

Harley-Davidson(PBR417) to add Canada for direct distribution to independent dealers. HOG PR link.

Chico’s FAS(PBR748) to do a $250 million shares buyback program, open 40 new stores, close 120 existing stores, cut headcount by 12%. CHS PR link.

Hershey Co(PBR347) hires Patricia Little as SVP/CFO starting 03/16/15. HSY PR link.

Alaska Air(PBR459) hires Charles Breer as Managing Director of Alliances. ALK PR link.

FreddieMac(PBR33) says 30 year fixed mortgage rates for the week ending 02/26/15 averaged 3.80% with 0.6 points/fees. FM PR link.

The US Federal Communications Commission votes in favor of internet net-neutrality regulations. FCC PR link.

The US Dept of Labor reports that the January Consumer Price Index for All Urban Consumers (CPI-U) declined 0.7% in January on a seasonally adjusted basis, down 0.1% over the last 12 months before seasonal adjustment. USDOL PR link.

The US Dept of Labor reports that Real Earnings in January averaged $24.75/hour, 34.6 hours/week, $856.35 per week. USDOL PR link.

Wednesday, February 25:
Starwood Hotels(PBR405) announces partnership with rider service Uber for guests to earn Starpoints rewards. HOT PR link.

Frontier Communications(PBR497) gets strategic partnership to provide its internet subscribers TiVo(NASDAQ: TIVO) DVR services. FTR PR link.

SunEdison(PBR888) announces plan to electrify 20 million people by 2020 in underserved areas around the world. SUNE PR link.

McGraw Hill(PBR482) Chairman Terry McGraw not standing for re-election on 04/29/15, board proposes independent Director Ed Haldeman as non-Exec Chairman. MHFI PR link.

The US Dept of HUD reports preliminary January New Home Sales were at a 481,000 units annual rate with a $294,300 median price. HUD PR link.

Tuesday, February 24:
AmerisourceBergen(PBR16) completes acquisition of animal health distribution company MWI Veterinary Supply(PBR673) for $190/share, $2.5 billion. ABC PR link.

Comcast(PBR44) increases shares repurchase authorization to $10 billion, $4.25 billion allocated for 2015. CMCSA PR link.

HanesBrands(PBR505) to acquire seller of licensed collegiate logo apparel retailer Knights Apparel in deal valued at $200 million. HBI PR link.

Mondelez Intl(PBR85) hires Roberto Marques as EVP & President, North America, starting mid March. MDLZ PR link.

VMware(PBR454) hires Bask Iyer as SVP, Chief Information Officer, starting 03/23/15, will report to EVP/CFO/COO Jonathon Chadwick. VMW PR link.

Flowers Foods(PBR590) announces EVP Gene Lord is retiring 04/24/15 after almost 50 years of service. FLO PR link.

Charles River Labs(PBR1058) announces EVP/CFO Thomas Ackerman is retiring in 2016, SVP David Smith to be successor, other promotions announced. CRL PR link.

Monday, February 23:
Apple(PBR4) to build 100% renewable energy data centers in Ireland & Denmark for $2 billion. AAPL PR link.

Mondelez Intl(PBR85) announces $2 billion cash tender offer for certain notes. MDLZ PR link.

3M(PBR92) to acquire Polypore’s $210 million in revenues Separations Media business for $1 billion. MMM PR link.

American Airlines(PBR103) to sell its Telair Cargo Group to TransDigm(PBR798) for $725 million cash, expected to close by 05/31/15. AAL PR link.

Medtronic(PBR161) acquires private bladder control products company Advanced Uro-Solutions, terms not disclosed. MDT PR link.

Bristol-Myers Squibb(PBR165) to expand immuno-oncology pipeline by acquiring Flexus Biosciences for $1.25 billion. BMY PR link.

Baxter Intl(PBR179) says mid-2015 public spin-off biopharma Baxalta to locate headquarters in 260,000 sf facility in Bannockborn, IL. BAX PR link.

Keurig Green Mountain(PBR499) repurchasing 5.2 million shares from Luigi Lavazza SpA(NR) for $620 million. GMCR PR link.

Armstrong World(PBR717) to separate into 2 publicly held companies through spin-off of Flooring business to shareholders in 1st quarter 2016. AWI PR link.

Ocwen Financial(PBR881) selling $9.8 billion portfolio of mortgage servicing rights to Nationstar. OCN PR link.

Stifel Financial(PBR885) to expands wealth management/fixed income capabilities with acquisition of private Sterne Agee Group, transaction value around $150 million. SFN PR link.

DISH Network(PBR201) President/CEO Joseph Clayton to retire 03/31/15, Founder/Chairman Charles Ergen to add those roles. DISH PR link.

Darden Restaurants(PBR393) promotes Interim CEO Gene Lee to CEO & member of the board. DRI PR link.

JetBlue(PBR441) announces leadership EVP promotions for HR, Operations, other areas. JBLU PR link.

M&T Bank(PBR516) promotes Janet Coletti to EVP/Human Resources, succeeds Steve Braunscheidel who is retiring in 03/15. MTB PR link.

The National Association of Realtors reports that the January annual rate of sales of existing homes was at 4.82 million, down 4.9% from December. NAR PR link.

Friday, February 20:
DJIA closes week at 18,140.44(R), +0.67% from last Friday, +5.68% MTD, +1.78% QTD & YTD.
NASDAQ closes week at 4,955.97, +1.27% from last Friday, +6.92% MTD, +4.64% QTD & YTD.
SPX closes week at 2,110.30(R), +0.63% from last Friday, +5.78% MTD, +2.50% QTD & YTD.

Targa Resources(PBR377) acquisition of Atlas Energy(PBR748) for $7.7 billion approved by shareholders of both companies, expected to close 02/27/15. Targa PR link.

Energizer Holdings(PBR527) to spin-off Personal Care Division on 07/01/15 as a separate public company with the name Edgewell Personal Care(NYSE: EPC). Household Products Division to retain Energizer Holdings name and stock symbol. ENR PR link.

Thursday, February 19:
The Federal Trade Commission files a lawsuit against the proposed Sysco(PBR60) & US Foods(NR) merger, creates a foodservice distributor with 75% of the market. FTC PR link.

Ball Corp(PBR304) proposes to acquire UK based metal beverage can maker Rexam(LSE: REX) for $8.4 billion cash/stock. BLL PR link.

Priceline(PBR365) announces a $3 billion shares buyback program in its 4th Quarter/Full Year report. PCLN PR link.

LabCorp(PBR419) completes the $5.7 billion acquisition of Covance(PBR747). LH PR link.

Wednesday, February 18:
Citigroup(PBR26) announces $100 billion 10 year commitment to finance sustainable growth activities. C PR link.

Anthem(PBR40) completes acquisition of Florida 196,000 Medicaid/Medicare members company Simply Healthcare. Anthem PR link.

Actavis(PBR297) to take Allergan name after its $66 billion acquisition of Allergan(PBR392). Actavis PR link.

Crown Holdings(PBR298) completes acquisition of Monterrey, Mexico, 1500 employee, aluminum can/bottle manufacturer EMPAQUE from Heineken NV. CCK PR link.

Campbell Soup(PBR315) introducing cost savings program, to simplify organization structure, will save $200 million/year. CPB PR link.

Homebuilder NVR(PBR544) announces a $300 million shares buyback program. NVR PR link.

GEO Group(PBR991) completes acquisition of 8 correctional & dentention facilities with 6,500 beds from LCS Corrections Services for $312 million. GEO PR link.

Cubic Corp(PBR1008) combines two defense units into one $800 million revenues Cubic Global Defense segment, William Toti named president. CUB PR link.

Lockheed Martin(PBR62) promotes Rod Makoske to SVP/Corp Engineering, Tech, & Operations, also corporate officer; Keoki Jackson promoted to Chief Technology Officer. LMT PR link.

Flowserve(PBR477) SVP/CFO Mike Taff leaving 03/31/15, VP Malcolm Platt named interim CFO. FLS PR link.

Ciena Corp(PBR870) hires Marcus Starke SVP/Chiem Marketing Officer, reports to President/CEO Gary Smith. CIEN PR link.

The US Dept of Labor says the January Producer Price Index for Final Demand was -0.8%, was unchanged for the last 12 months USDOL PR link.

The US Dept of HUD reports that the January Privately-Owned Housing Starts were at a 1,065,000 annual rate, -2.0% from revised Dec estimate of 1,087,000. HUD PR link.

FreddieMac(PBR33) releases its February US Economic & Housing Market Outlook. FMCC PR link.

Tuesday, February 17:
DuPont(PBR83) sends letter to shareholders regarding its direction, responds to Trian Fund Mgmt letter. DD PR link.

Halliburton(PBR94) $34.6 billion acquisition of Baker Hughes(PBR124) to be voted on by shareholders of both companies on 03/27/15. HAL PR link.

Arrow Electronics(PBR129) acquires the United Technical Publishing division of Hearst Business Media(NR). ARW PR link.

Actavis(PBR297) receives temporary injunction for generic $1.1 billion market asthma treatment Pulmicort RESPULES. ACT PR link.

Boston Scientific(PBR349) to pay Johnson & Johnson(PBR39) $600 million for merger agreement breach in Guidant buy in 2006. BSX PR link.

Carlyle Group(PBR528) acquires controlling stake in global sports travel & event management company PrimeSport Holdings from Clearlake Capital(NR). CG PR link.

Fossil Group(PBR638) to design, develop & distribute Kate Spade(PBR1040) New York watches through 2025 through global licensing agreement. FOSL PR link.

Arthur J Gallagher(PBR647) acquires Phoenix, AZ, based private placement life insurance distributor Cohn Financial Group. AJG PR link.

Ford(PBR8) hires John Casesa as Group VP/Global Strategy, reports to President/CEO Mark Fields. F PR link.

Kraft Foods(PBR145) announces James Kehoe rejoining Kraft as EVP/CFO. KRFT PR link.

FirstEnergy(PBR187) announces Tony Alexander to resign as Executive Chairman on 04/30/15, director George Smart to return to his prior role as Chairman at that time. FE PR link.

Owens & Minor(PBR285) President/CEO James Bierman to retire upon election of a successor. OMI PR link.

Starwood Hotels(PBR405) President/CEO Frits van Paasschen resigns, director Adam Aron appointed Interim CEO. HOT PR link.

Alaska Air(PBR459) promotes Andrew Harrison to EVP/Chief Revenue Officer. ALK PR link.

SandRidge Energy(PBR892) hires Steve Turk as EVP/COO effective 03/02/15. SD PR link.

The Whitehouse reports that 11.4 million people have signed up for private health insurance under the Affordable Care Act. WH PR link.

Monday, February 16:
Presidents’ Day. US stock exchanges, most US federal, state, and local government offices are closed.

Mondelez Intl(PBR85) acquires private 40 product US snacking company Enjoy Life Foods, terms not disclosed. MDLZ PR link.

Ball Corp(PBR304) acquires 2 Canton, Ohio, area 100 employee metal end & closure facilities from Sonoco Products(PBR485). Ball PR link.

Crown Castle(PBR670) is exploring the sale of its wireless infrastructure Australian subsidiary. CCI PR link.

Friday, February 13:
DJIA closes week at 18,019.35, +1.09%% from last Friday, +4.98% MTD, +1.10% QTD & YTD.
NASDAQ closes week at 4,893.84, +3.15% from last Friday, +5.58% MTD, +3.33% QTD & YTD.
SPX closes week at 2,096.99(R), +2.02%% from last Friday, +5.11% MTD, +1.85% QTD & YTD.

American International Group(PBR41) authorizes $2.5 billion shares buyback program, repurchased $4.9 billion in 2014. AIG PR link.

Enterprise Products(PBR56) completes $5.9 billion acquisition of Oiltanking Properties, to operate as a wholly owned subsidiary. EPD PR link.

Actavis(PBR297) to divest its outsourcing/R&D unit Aptalis Pharmaceutical Technologies to private investment firm TPG. Actavis PR link.

Heartland Payment Systems(PBR859) has acquired POS companies Dinerware & pcAmerica, adds to previous POS acquisitions. HPY PR link.

General Dynamics(PBR91) appoints L Flynn EVP Aerospace Group, M Burns president of Gulfstream, M A Gilliland EVP HR/Admin, various effective dates. GD PR link.

Avery Dennison(PBR402) hires Anne Bramman as SVP/CFO. AVY PR link.

Thursday, February 12:
American Express(PBR86) announces co-brand & merchant acceptance agreements with Costco(PBR18) to expire 03/31/16. AMEX PR link.

Anixter(PBR398) to sell its OEM Supply-Fasteners segment to American Industrial Partners(NR) for $380 million cash. Anixter PR link.

Expedia(PBR496) to acquire global online travel company Orbitz Worldwide(NYSE: OWW) for $12/share, $1.6 billion cash. Expedia PR link.

Energen(PBR941) allocating $1 billion for drilling & development in 2015, selling majority of San Juan Gas assets for $395 million. Energen PR link.

Kraft Foods(PBR145) promotes George Zoghbi to COO, Chris Kempczinsk to EVP, Growth Incentives & President, International; CFO, CMO, & EVP R & D departing. Kraft PR link.

ConAgra Foods(PBR149) names former Hillshire Brands president/CEO Sean Connolly as its next CEO, effective 04/06/15, to succeed retiring CEO Gary Rodkin. ConAgra PR link.

The US Dept of Commerce in advance report says January 2014 retail & food services was at $439.8 billion, up $14.2 billion from January 2013. USDOC PR link.

The US Dept of Labor reports that for the week ending 01/31/15 the total insured unemployment was at 2,354,000, 1.8% insured unemloyment rate. USDOL PR link.

Wednesday, February 11:
Rite Aid(PBR108) to acquire independent pharmacy benefit manager EnvisionRx for $2 billion. Rite Aid PR link.

Arrow Electronics(PBR129) to acquire Taiwan based $500 million/yr Asian electronic component distributor ATM Electronic Corp. AE PR link.

Corinthian Colleges(PBR974) receives suspension/delisting notice from NASDAQ, to be effective 02/17/15, for failure to file annual 10-K report on a timely basis. CC PR link.

CSX(PBR224) promotes Oscar Munoz to President, retains COO title. Cindy Sanborn promoted to EVP-Operations, reports to Munoz. CSX PR link.

Alaska Air(PBR459) appoints Jay Gupta Managing Director of Infrastructure & Modern Platforms in IT Services division, oversees data, call centers. Alaska Air PR link.

Ascena Retail(PBR493) promotes SVP Financial Planning & Analysis Robb Giamatteo to CFO. Ascena PR link.

Amkor Technology(PBR676) appoints Dr. Choon Heung Lee EVP Worldwide Manufacturing Operations, succeeds retiring JooHo Kim, reports to President/CEO Steve Kelley. Amkor PR link.

Louisiana-Pacific Corp(PBR869) makes several changes in executive leadership effective 03/01/15, including sales & marketing. L-P PR link.

The US Dept of Treasury reports January receipts of $307.6 billion, outlays of $324.3 billion, deficit of $17.5 billion, fiscal YTD deficit of $194.2 billion. USDOTr PR link.

Tuesday, February 10:
First Solar(PBR628) announces Apple(PBR4) has committed to a $848 million, 25 year, 130 megawatt solar power purchase deal. FS PR link.

International Game Technology(PBR876) stockholders approve $6.4 billion acquisition led by Italian based GTECH. IGT PR link.

Home Depot(PBR35) is filling more than 80,000 positions for the spring season. HD PR link.

The US Dept of Commerce preliminary report says that December 2014 wholesalers sales were $449.8 billion, -0.4% from November, but +1.4% from December 2013. USDOC PR link.

The US Dept of Labor reports that there were 5.0 million job openings on the last business day of December(4.8 million in November), the highest level since January 2001. USDOL PR link.

Monday, February 9:
General Dynamics(PBR91) authorizes repurchase of up to 10 million shares on the open market. GD PR link.

Federal-Mogul(NASDAQ: FDML) completes $385 million acquisition of the TRW Automotive(PBR154) German based 4,000 employee engine valve business. F-M PR link.

Alliant Techsystems(PBR494) completes spin-off of its Sporting Goods business as Vista Outdoor, which will start trading on 02/10/15 as NYSE: VSTO, then completes merger with Orbital Sciences(PBR1019), renamed Orbital ATK, to start trading as NYSE: OA on 02/10/15. Orbital ATK PR link.

Alcoa(PBR122) names Nahla Azmy VP/Investor Relations, appoints Kelly Pasterick VP Global Financial Processes, Global Primary Products. Alcoa PR link.

BlackRock(PBR262) appoints Deborah Winshell as Managing Director/Global Impact Investing, for social/environmental causes, will also oversee global philanthropy program. BlackRock PR link.

The Andersons(PBR428) Grain Group President Denny Addis retiring in May, Ethanol Group President Neill McKinstray to assume leadership over both groups. The Andersons PR link.

Aeropostale(PBR868) EVP/CFO Marc Miller becoming COO, David Dick joining as SVP/CFO on 02/17/15. Aeropostale PR link.

Avista Corp(PBR973) names Kevin Christie VP of Customer Solutions, retains external communications, community outreach, philanthropy and other responsibilities. Avista PR link.

CBL & Assoc(PBR1082) names appointments for director of accounting, SVP planning/redevelopment, VP shared services, VP development/redevelopment, VP development. CBL PR link.

Friday, February 6:
DJIA closes week at 17,824.29, +3.84%% from last Friday & MTD, +0.01% QTD & YTD.
NASDAQ closes week at 4,744.40, +2.36% from last Friday & MTD, +0.18% QTD & YTD.
SPX closes week at 2,055.47, +3.03%% from last Friday & MTD, -0.17% QTD & YTD.

The Pantry(PBR331) sets 03/10/15 for special shareholders meeting to vote on acquisition by Quebec, Canada based Alimentation Couche-Tard for $36.25/share, $1.7 billion deal. Pantry PR link.

Harris Corp(PBR469) to buy global aerospace, defense, information & other technologies Exelis(NYSE: XLS) for $23.75/share, $4.75 billion. Harris PR link.

Cablevision(PBR397) president Brian Sweeney to also become CFO on 03/01/15, report to CEO James Dolan. Cablevision PR link.

The US Dept of Labor reports that total nonfarm payroll employment rose by 257,000 in January, and the unemployment rate was little changed at 5.7%. USDOL PR link.

The US Federal Reserve reports that December consumer credit increased at an annual rate of 5-1/2%. FRB PR link.

Standard & Poor’s lowers Greece Long-Term Rating from ‘B’ to ‘B-‘, kept on CreditWatch negative. S&P PR link.

Thursday, February 5:
Verizon(PBR15) announces $15.54 billion in deals with Frontier Communications(PBR497) & American Tower(PBR625), authorizes $5 billion shares buyback program. Verizon PR link.

Anthem(PBR40) confirms patient records were hacked, CEO statement. Anthem PR link.

Actavis(PBR297) to divest rights to branded respiratory portfolio in US/Canada to AstraZeneca for $600+ million. Actavis PR link.

RadioShack(PBR619) reaches asset purchase agreement for affiliate of Standard General to acquire up to 2,400 stores, also filing for Chapter 11 bankruptcy. RadioShack PR link.

W.R. Grace(PBR657) to split into 2 independent public companies to be named later, Catalyst & Materials Technologies, and Construction Products & Darex packaging. WRG PR link.

Brocade Communication(PBR836) to acquire assets of Riverbed Technology(PBR1085). Brocade PR link.

Greenbrier Cos(PBR839) appoints Brad Skinner as SVP, Business Development, other appointments mentioned. GreenbrierPR link.

Brown & Brown(PBR1020) hires B Carl Owen as CIO, reports to EVP/CFO R Andrew Watts. B&BPR link.

The US Dept of Commerce reports that the international trade of goods & services deficit was $46.6 billion in December, up $6.8 billion from November. USDOC PR link.

FreddieMac(PBR33) reports that the average 30 year fixed mortgage rate ending 02/05/15 was 3.59% with 0.7 fees/points. FreddieMac PR link.

The US Dept of Labor reports that annual nonfarm labor average productivity increased 0.8% from 2013 to 2014. USDOL PR link.

Wednesday, February 4:
Staples(PBR120) to acquire Office Depot(PBR235) in $6.3 billion cash/stock deal. OD PR link.

GNC(PBR739) agrees to NY Attorney General request to halt sales of certain herbal supplements, stands behind product quality. GNC PR link.

Under Armour(PBR809) has acquired 20 million user mobile sports tracking Denmark based Endomondo for $85 million cash, to acquire 80 million online user health goals US based MyFitnessPal for $475 million. UA PR link.

Caesars Entertainment(PBR301) announces Mark Frissora joining as CEO designee, to become CEO on 07/01/15. CE PR link.

Harley-Davidson(PBR417) names President/COO Matt Levatich to become President/CEO after retirement of Keith Wandell on 05/01/15. H-D PR link.

ADP(PBR220) reports that there were 213,000 new private sector jobs in January, down from 253,000 in December. ADP PR link.

FreddieMac(PBR33) reports that borrowers who refinanced in 2014 to save net $5 billion in interest over 1st 12 mos compared to $20 billion in 2013. FreddieMac PR link.

Tuesday, February 3:
Auto Industry Update:
GM US January sales were 202,786 vehicles, up 18% over last year. PR link
Ford US January sales were 178,351 vehicles, up 15% over last year. PR link
Fiat Chrysler US January sales were 145,007 vehicles, up 14% over last year. PR link .

Ford(PBR8) hiring 1,550 for F-150 plants. Ford PR link.

Archer-Daniels-Midland(PBR28) to sell 50% stake in Northern Brazil export terminal, to quadruple capacity. ADM PR link.

Macy’s(PBR97) to acquire luxury beauty products & spa services retailer Bluemercury for $210 million cash. Click here for the Macy’s press release.

JM Smucker(PBR427) to acquire 2,500 employee pet food & snacks producer Big Heart Pet Brands for $5.8 billion cash/stock, includes $2.6 billion debt. Click here for the JMS press release.

FMC Corp(PBR578) selling its Alkali Chemicals business to Tronox(PBR907) for $1.64 billion. FMC PR link.

Wendy’s(PBR777) to sell 500 corp restaurants to franchisees, open 1,000 new restaurants by 2020. Wendy’s PR link.

Macy’s(PBR97) announces several senior executive changes & appointments to deepen focus on omnichannel profitable sales growth. Click here for the Macy’s press release.

SunEdison(PBR888) appoints Paul Gaynor, former First Wind CEO, as EVP N American Utility & Global Wind. SunEdison PR link.

The NY Attorney General asks major retailers to halt sales of certain herbal supplements, DNA tests fail to confirm listed active ingredients. NYAG PR link.

The US Dept of Commerce reports that new orders for manufactured goods in December were down 5 consecutive mos, decreased $16.4 billion, -3.4%, to $471.5 billion. USDOC PR link.

Monday, February 2:
Sysco(PBR60) to sell 11 US food distribution centers to Performance Food Group, contingent on successful Sysco-US Foods merger. Click here for the Sysco press release.

Mylan(PBR360) to acquire certain female healthcare businesses from India based Famy Care for up to $800 million. Mylan PR link.

Kindred Healthcare(PBR481) completes $1.8 billion acquisition of Gentiva Health(PBR944). KND PR link.

FMC Corp(PBR578) acquires global rights for new broadleaf weed herbicide from Japan based Kumiai Chemical. FMC PR link.

Arthur J Gallagher(PBR647) acquires specialty insurance broker Aequus Trade Credit. AJG PR link.

Cerner(PBR687) completes acquisition of Siemens Health Services for $1.3 billion cash. Cerner PR link.

Intuitive Surgical(PBR829) approves an up to $1 billion shares buyback program. Click here for the IS press release.

AvalonBay Communities(PBR1001) buys 22.5ksf site at 1865 Broadway from American Bible Society for $300 million, will develop 300ksf residential/retail facility. ABC PR link.

Chevron(PBR3) promotes Jeanette Ourada to Corporate VP/Comptroller effective 04/01/15, upon retirement of Matt Foehr. Chevron PR link.

VISA(PBR212) appoints Vasant Prahbu as CFO effective 02/09/15, succeeds Byron Pollitt who is retiring. VISA PR link.

Dick’s Sporting Goods(PBR400) appoints CFO Andre Hawaux to additional role of COO. DSG PR link.

Cincinnati Financial(PBR517) lists promotions & new appointments of subsidiary companies directors, officers & general counsel. CF PR link.

CA Technologies(PBR520) hires Michael Bisignano as EVP/General Counsel, reports to CEO Mike Gregoire. CA PR link.

Lands’ End(PBR984) CEO Edgar Huber to retire on 02/17/15, Federica Marchionni to become CEO. Click here for the LE press release.

The US Dept of Commerce reports that personal income was up $41.3 billion, 0.3%, & disposable personal income up $35.8 billion, 0.3%, in December. USDOC PR link.

The US Dept of Commerce reports that December construction spending is estimated at an annual rate of $982.1 billion, 0.4% above November, 2.2% above December 2013. USDOC PR link.

Sunday, February 1:
The PBR1000: The January 2015 Breaking News Recap is available. Click here for the blog post.

Super Bowl XLIX Final:
New England Patriots 28, Seattle Seahawks 24.
Most Valuable Player:
Quarterback Tom Brady
Played at:
University of Phoenix Stadium,
Glendale, Arizona

Protective Life(PBR572) acquisition by Japan based Dai-ichi Life Insurance Company, Limited (TSE: 8750) for $70.00/share, $5.7 billion cash has been completed. PL PR link.

(The PBR1000 is the premiere comparative data and reporting service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate over $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your annual subscription, just go to the PBRMarketTools.com Order page.)

(Photo courtesy of freedigitalphotos.net, KROMKRATHOG.)

Filed Under: Recaps Tagged With: , , , , , , ,

The PBR1000: The January 2015 Breaking News Recap!

February 2, 2015 by
ID-100179127 Colorful Question Marks-Danilo Rizzuti

January 2015 Was Difficult. What’s Next?

 

By Larry C. Paxton

The recent dramatic changes in world oil policies, resulting significant drop in oil prices, continued uncertainty about foreign economies and politics(i.e., the election of the leftest anti-austerity party in Greece, the unlinking of the Swiss Franc from the Euro), and corporate quarterly and annual reports that are starting to come in with mixed results, are just some of the causes for the markets to fluctuate wildly throughout January 2015.  A common word heard towards the end of the month by many professionals is that the markets are currently directionless.

But January 2015 is now behind us. February starts with Super Bowl XLIX, and hopefully a new year reset.

Following are the January 2015 Breaking News items, from the latest date to the first:

Friday, January 30:
DJIA closes week at 17,164.95, -2.87% from last Friday, -3.69% MTD, QTD, & YTD.
NASDAQ closes week at 4,635.24, -2.58% from last Friday, -2.13% MTD, QTD, & YTD.
SPX closes week at 1,994.99, -2.77% from last Friday, -3.10% MTD, QTD, & YTD.

Chevron(PBR3) announces 2015 $35 billion capital/exploratory budget, 13% less than 2014. Click here for the Chevron press release.

Johnson & Johnson(PBR39) Janssen unit gets FDA approval for adult HIV-1 treatment PREZCOBIX(TM). Click here for the J&J press release.

Safeway(PBR84) $9 billion acquisition by privately held Albertsons has closed, Safeway delisted from NYSE. Click here for the Safeway press release.

CME Group(PBR680) & trading technologies provider GFI Group terminate merger talks following GFI stockholders no vote. Click here for the CME press release.

HCA(PBR76) promotes operations president Sam Hazen to COO. Click here for the HCA press release.

Donaldson Co(PBR780) to promote COO Tod Carpenter to President/CEO on 04/01/15. Click here for the Donaldson press release.

The US Dept of Commerce reports in its advance report that the 4th quarter 2014 GDP annual rate was 2.6%, $17,710.7 billion, down from 5.0% in the 3rd quarter. Click here for the USDOC press release.

The US Dept of Labor reports that compensation costs for civilian workers increased 2.2% for the 12-mo period ending December 2014, was up 2.0% in 2013. Click here for the USDOL press release.

Thursday, January 29:
Bristol-Myers Squibb(PBR165) gets FDA approval for Evotaz for adult HIV-1 infections. Click here for the BMS press release.

VISA(PBR212) in 4th quarter report announces 4:1 stock split effective 03/19/15. Click here for the VISA press release.

Campbell Soup(PBR315) to restructure into 3 product divisions, division presidents named. Click here for the Campbell’s press release.

Hershey Co(PBR347) to acquire $35 million/yr meat jerky manufacturer KRAVE Pure Foods. Click here for the Hershey press release.

Mylan(PBR360) shareholders approve $5.3 billion stock deal for acquisition of Abbott’s(PBR127) non-US developed markets specialty & branded generics business; new public Mylan company to be formed in The Netherlands with current leadership. Click here for the Mylan press release.

Manitowoc(PBR566) to split into two independent companies, Cranes lifting equipment with $2.3 billion sales in 2014, & Foodservices with $1.2 billion sales in 2014, by 1st quarter 2016. Click here for the Manitowoc press release.

Endo Health(PBR741) completes $2.6 billion acquisition of men’s healthcare products developer Auxilium Pharmaceutical. Click here for the EH press release.

SunEdison(PBR888) & former subsidiary TerraForm complete $2.4 billion acquisition of wind projects developer & operator First Wind. Click here for the SunEdison press release.

Kate Spade(PBR1040) to close the 19 Kate Spade Saturday stores, reorganize Jake Spade brand. Click here for the KS press release.

Gap Inc(PBR168) promotes Scott Key as SVP, President/GM of Customer Experience, eliminates creative-director role. Click here for the Gap press release.

CenterPoint Energy(PBR321) CFO Gary Whitlock retiring, William Rogers to become CFO 03/03/15. Click here for the CPE press release.

DSW(PBR801) announces EVP promotions for COO, Chief Admin, Chief Innovation, & Chief Supply Officers. Click here for the DSW press release.

FreddieMac(PBR33) reports for 01/29/15 the average 30 year fixed rate mortgage is 3.66% with 0.6 points. Click here for the FreddieMac press release.

The Nationall Retail Federation estimates Super Bowl XLIX to have 184 million viewers, will spend $14.3 billion for the event. Click here for the NRF press release.

Wednesday, January 28:
HanesBrands(PBR505) sets 4:1 stock split for 03/04/15. Click here for the HanesBrands press release.

Adobe Systems(PBR565) completes $800 million acquisition of private photos & images website Fotolia from KKR(PBR272). Click here for the Adobe press release.

Citrix(PBR685) to restructure, eliminate 900 employee/contractor positions. Click here for the Citrix press release.

McDonald’s(PBR96) President/CEO Don Thompson to retire on 03/01/15, SVP/Chief Brand Officer Steve Easterbrook to become President/CEO. Click here for the McDonald’s press release.

Avon(PBR267) appoints James Scully as EVP/CFO, formerly J. Crew COO, reports to Pres/CEO Sheri McCoy, by 04/01/15. Click here for the Avon press release.

The US Dept of Labor reports that the union membership rate in private industry was 6.6% in 2014; public sector 35.7%. Click here for the USDOL press release.

The US Dept of Labor reports that In the 2nd quarter of 2014, gross job gains from opening and expanding private sector establishments were 7.4 million. Gross job losses from closing and contracting private sector establishments were 6.5 million. Click here for the USDOL press release.

The US Federal Open Market Committee in its 01/28/15 report states that economic activity has been expanding at a solid pace. Click here for the FOMC report.

Tuesday, January 27:
Apple(PBR4) reports record results in 1st quarter, sold 74.5 million iPhones. Click here for the Apple press release.

Safeway(PBR84) acquisition by privately held Albertsons gets FTC approval, expected to close within 5 days. Click here for the Safeway press release.

Yahoo!(PBR500) announces plan for tax-free spin-off of remaining stake in Alibaba Group. Click here for the Apple press release.

Alliant Techsystems(PBR494) & Orbital Sciences(PBR1019) stockholders approve merger, to be called Orbital ATK, trade under NYSE: OA starting 02/10/15. Click here for the Orbital press release.

Alaska Air(PBR459) appoints former Starbucks(PBR164) executive Sangita Woerner as VP of Marketing. Click here for the Alaska Air press release.

Cooper-Standard(PBR654) promotes Allen Campbell to EVP/Chief Infrastructure Officer, hires Matthew Hardt to become EVP/CFO. Click here for the C-S press release.

Ferrellgas(PBR791) EVP/CFO Ryan VanWinkle resigns, SVP/Finance & Investor Relations Alan Heitman to be CFO until new search completed. Click here for the Ferrellgas press release.

The US Dept of HUD reports that the annual sales rate of new single family homes in December was 481,000, median price $298,100, average price $377,800. Click here for the HUD press release.

The US Dept of HHS reports that 9.5 million people are signed up for the Health Insurance Marketplace coverage. Click here for the HHS press release.

Monday, January 26:
Medtronic(PBR161) gets approval of Ireland High Court to complete $49.2 billion acquisition of Covidien, expected to close today, Medtronic & Covidien to be wholly owned subsidiaries of Ireland based Medtronic plc. Click here for the Medtronic press release.

Carnival Corp(PBR176) & China Merchants Group to explore 2 joint ventures to expand cruise industry in China. Click here for the Carnival press release.

Actavis(PBR297) pending $66 billion acquisition of Allergan(PBR392) gets SEC approval, special stockholders meetings for both companies to approve are set for 03/10/15. Click here for the Actavis press release.

Actavis(PBR297) to become UK’s #1 provider of generic drugs with acquisition of Auden McKenzie for 306 million GBP. Click here for the Actavis press release.

MeadWestvaco(PBR447) & Rock-Tenn(PBR(PBR268) agree to stock/swap merger to create $16 billion equity valued global consumer & corrugated packaging company. Click here for the MWV press release.

NII Holdings(PBR495) is selling its Nextel Mexico operations to AT&T(PBR12) for $1.875 billion, expected to close mid-2015. Click here for the NIIH press release.

GEO Group(PBR991) buys 8 correctional/detention facilities with 6,500 beds from private LCS Corrections Services for $312 million. Click here for the GEO press release.

CNA Financial(PBR263) appoints Rocco Orlando as SVP/Sales & Distribution. Click here for the CNA press release.

Charter Communications(PBR320) promotes Rich DiGeronimo to EVP/Product & Strategy, reports to COO John Bickham. Click here for the CC press release.

Mattel(PBR383) Chairman/CEO Bryan Stockton resigns, independent board member Christopher Sinclair named Chairman/Interim CEO. Click here for the Mattel press release.

Citrix(PBR685) appoints Robson Grieve as SVP/Marketing, reports to President/CEO Mark Templeton. Click here for the Citrix press release.

The Congressional Budget Office reports that the federal budget deficit to be steady relative to the size of economy through 2018, then projected to increase through 2025. Click here for the CBO press release.

Sunday, January 25:
Greece: The Greece general elections take place, leftest anti-austerity party Syriza gets the most votes. Click here for the Greek Reporter results article.

Friday, January 23:
DJIA closes week at 17,672.60, +0.92% from last Friday, -.84% MTD, QTD, & YTD.
NASDAQ closes week at 4,757.88, +2.66% from last Friday, +0.46% MTD, QTD, & YTD.
SPX closes week at 2,051.82, +1.60% from last Friday, -0.34% MTD, QTD, & YTD.

Deere & Co(PBR77) laying off indefinitely 910 workers from 5 Iowa & Illinois facilities. Click here for the Deere press release.

Expedia(PBR496) acquires Travelocity from Sabre Corp(NASDAQ: SABR) for $280 million cash. Click here for the Expedia press release.

Flowers Foods(PBR590) promotes Robert Benton, Jr. to SVP/Chief Manufacturing Officer; Michael Beatty, EVP/Supply Chain, retiring in Spring 2015. Click here for the FF press release.

The US Dept of Labor reports that the number of US union wage/salary workers at the end of 2014 was 14.6 million, 11.1% of the workforce, -0.2% from 2013. Click here for the USDOL press release.

The National Association of Realtors reports that December existing home sales annual rate was at 5.04 million, that 2014 total sales were down 3.1% from 2013. Click here for the NAR press release.

Thursday, January 22:
Family Dollar(PBR252) stockholders vote yes for $9.2 billion merger with Dollar Tree(PBR329). Click here for the FD press release.

Dollar General(PBR153) announces Rick Dreiling to continue as chairman/CEO through 01/16, comments on failed Family Dollar(252) bid. Click here for the DG press release.

KKR(PBR272) acquires leading UK rail tickets online retailer 4.7 million active clients Trainline, terms not disclosed. Click here for the KKR press release.

Harman Intl(PBR448) to acquire private 8,000 employee $370 million/year software services company Symphony Teleca. Click here for the Harman press release.

Harman Intl(PBR448) has acquired Israeli-based over-the-air technologies firm Red Bend Software for $170 million stock/cash. Click here for the Harman press release.

E*Trade(PBR947) receives regulatory approval to operate E*Trade Bank as a 9.0 percent Tier 1 financial unit. Click here for the E*Trade press release.

City National Corp(PBR1045) to be acquired by Royal Bank of Canada for $93.50/share, $5.4 billion cash & stock. Click here for the CNC press release.

Starbucks(PBR164) appoints board member Kevin Johnson to also be president/COO in charge of global operations, effective 03/01/15. Click here for the Starbucks press release.

Ball Corp(PBR304) names Mike Gazarik, PhD, Office of Technology Director, effective 03/02/15. Click here for the Ball press release.

The US Dept of Labor says in advance report that for the week ending 01/17/15 initial job claims was 307,000, -10,000 from the previous week. The 4 week moving average was 306,500. Click here for the USDOL press release.

European Central Bank to start bonds buying program for price stability, 60 billion Euros/mo through at least September 2016. Click here for the ECB press release.

Christian Science Monitor reports Saudi Arabia’s King Abdullah has died, successor is half-brother Prince Salman. Click here for the CSM press release.

Wednesday, January 21:
Merck(PBR63) completes $102/share tender offer of antibiotics developer & marketer Cubist Pharmaceuticals(NASDAQ: CBST). Click here for the Merck press release.

Kinder Morgan(PBR198) to acquire Hiland Partners & its midstream oil/gas assets in N Dakota/Montana Bakken area for $3 billion. Click here for the KM press release.

AMSURG(PBR1077) Sheridan unit acquiring national 100+ radiology group Radisphere, terms not disclosed. Click here for the AMSURG press release.

Cummins(PBR157) names Tony Satterthwaite to President, Distribution Business. Click here for the Cummins press release.

Kinder Morgan(PBR198) in its dividend announcement mentions that CEO Rich Kinder to become executive chairman, Steve Kean to become CEO on 06/01/15. Click here for the KM press release.

The US Dept of HUD reports that privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,032,000. This is 1.9 percent (±1.3%) below the revised November rate of 1,052,000, but is 1.0 percent (±1.1%)* above the December 2013 estimate. Click here for the HUD press release.

Tuesday, January 20:
US President Obama gives his 6th State of the Union Address to Congress. Click here for the White House press release.

AIG(PBR41) to acquire Ireland’s 2nd largest health insurance provider, Laya Healthcare, terms not disclosed. Click here for the AIG press release.

Spectrum Brands(PBR529) acquires private $100 million/yr Salix Animal Health, world’s largest vertically integrated rawhide dog treats company. Click here for the SB press release.

Cabot(PBR600) realigning into 4 business segments. Click here for the Cabot press release.

Clean Harbors(PBR608) to carve out Oil & Gas Field Services segment as a standalone public company; Eric Gerstenburg appointed COO, other leadership promotions mentioned. Click here for the CH press release.

First Solar(PBR628) announces it is the first thin film photovoltaic module manufacturer to achieve 10 gigawatts of installed power. Click here for the FS press release.

CME Group(PBR680) ups offer from $5.60 to $5.85/share for trading technologies provider GFI Group. Click here for the CME press release.

Albemarle(PBR742) announces realignment of global business units, executive leadership. Click here for the Albemarle press release.

Specialty apparel retailer Express(PBR854) acquisition by Sycamore Partners discussions terminated due to unavailability of financing. Click here for the Express press release.

Cummins(PBR157) Distribution Business unit President Pamela Carter retiring on 04/01/15. Click here for the Cummins press release.

Bristol-Myers Squibb(PBR165) CEO Lamberto Andreotti to become executive chairman on 05/05/15, COO Giovanni Caforio, MD, to become CEO. Click here for the BMS press release.

Apache Corp(PBR169) chairman/president/CEO Steven Farris retires effective immediately, EVP/COO No. America John Christman IV named president/CEO. Click here for the Apache press release.

Barnes & Noble(PBR388) Retail Group CEO Mitchell Klipper to retire 05/02/15, then be a special advisor. Click here for the BN press release.

Bon-Ton Stores(PBR704) CFO Keith Plowman to retire in 08/15, national search to start. Click here for the BTS press release.

Hologic(PBR761) announces John Griffin joining as general counsel, Allison Bebo as SVP, human resources. Click here for the Hologic press release.

Outerwall(PBR816) CEO Scott Di Valerio steps down, director Nora Denzel appointed Interim CEO. Click here for the Outerwall press release.

Nortek(PBR822) names Liam Weston as Chief Human Resources Officer. Click here for the Nortek press release.

Equifax(PBR817) reports December auto loan balances were at $975 billion, representing 33.2% of non-mortgage consumer debt. Click here for the Equifax press release.

Monday, January 19:
US Stock Exchanges Closed.
Dr. Martin Luther King, Jr. Day Observed.
“An individual has not started living until he can rise above the narrow confines of his individualistic concerns to the broader concerns of all humanity.”

Friday, January 16:
DJIA closes week at 17,511.57, -1.27% from last Friday, -1.75% MTD, QTD, & YTD.
NASDAQ closes week at 4,634.38, -1.48% from last Friday, -2.15% MTD, QTD, & YTD.
SPX closes week at 2,019.42, -1.24% from last Friday, -1.92% MTD, QTD, & YTD.

AT&T(PBR12) closes on acquisition of Mexico 9.2 million subscriber wireless provider lusacell for $2.5 billion. Click here for the AT&T press release.

Estee Lauder(PBR242) completes acquisition of Hollywood skincare brand GLAMGLOW. Click here for the EL press release.

CBRE Group(PBR346) acquires Dallas, TX, based 100 employee United Commercial Realty, terms not disclosed. Click here for the CBRE press release.

Regal Entertainment(PBR663) decides sale of the company not in its best interest at this time. Click here for the RE press release.

Ventas(PBR707) completes acquisition of American Realty Capital Healthcare Trust(NASDAQ: HCT) for $2.6 billion cash/stock. Click here for the Ventas press release.

Home Depot(PBR35) chairman Frank Blake retiring 02/02/15, president/CEO Craig Menear to become chairman at that time. Click here for the HD press release.

The US Dept of Labor reports that the Consumer Price Index(CPI-U) was down 0.4% in Dec, increased 0.8% over the last 12 months. Click here for the USDOL press release.

The US Dept of Treasury reports that the sum total in November of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net Treasury International Capital outflow of $6.3 billion. Click here for the Treasury press release.

The US Dept of Labor preliminary report shows current avg earnings/hour for December was $24.57, down 0.2% from November. Click here for the USDOL press release.

Thursday, January 15:
The Swiss National Bank unexpectedly discontinues its minimum exchange rate with the Euro, lowers interest rate to -0.75%, stock markets worldwide drop. Click here for the SNB press release.

Target(PBR38) announces plans to discontinue Canadian operations, 133 stores, 17,600 employees. Click here for the Target press release.

The Johnson & Johnson(PBR39) Janssen Pharmaceutical unit is divesting its US license rights of its Nucynta products to Depomed for $1.05 billion. Click here for the JNJ press release.

Dollar General(PBR153) provides update on the FTC review of its proposed merger with Family Dollar(PBR252). Click here for the DG press release.

Kellogg(PBR188) completes acquisition of 86% stake in Egyptian public 3,300 employee $70 million/2013 packaged biscuits producer Bisco Misr. Click here for the Kellogg press release.

Caesars Entertainment(PBR301) subsidiary Caesars Entertainment Operating Company commences voluntary Chapter 11 reorganization, to reduce debt by $10 billion. Click here for the Caesars press release.

CME Group(PBR680) & trading technologies provider GFI Group announce revised offer of $5.60/share for GFIG stockholders, $282 million. Click here for the CME press release.

Vornado(PBR714) completes spin-off of subsidiary Urban Edge Properties as an independent public company on NYSE: UE. Click here for the Vornado press release.

AutoNation(PBR151) chairman/CEO Mike Jackson to add president title upon retirement of pres/COO Mike Maroone, SVP/Sales Bill Berman to become EVP/COO. Click here for the AutoNation press release.

Viacom(PBR202) extends employment agreement with president/CEO Philippe Daumann through 2018. Click here for the Viacom press release.

Juniper Networks(PBR501) promotes Jonathon Davidson EVP/GM of Development & Innovation, reports to CEO Rami Rahim. Click here for the Juniper press release.

FreddieMac(PBR33) reports that the 30 yr fixed mortgage rate for the past weekk averaged 3.66% with 0.6 point. Click here for the FreddieMac press release.

The US Dept of Labor reports that the December Producer Price Index for final demand fell 0.3%, seasonally adjusted, increased 1.1% in 2014. Click here for the USDOL press release.

Wednesday, January 14:
General Motors(PBR7) to increase capital expenditures to $9 billion in 2015, sold 3.5 million vehicle in China in 2013. Click here for the GM press release.

Exelon(PBR109) & Pepco(PBR498) reach settlement agreement with the NJ Board of Public Utilities in proposed $6.83 billion merger, now planned for 2nd or 3rd quarter 2015. Click here for the Exelon press release.

Adobe Systems(PBR565) authorizes new $2 billion shares repurchase program through FY2017. Click here for the Adobe press release.

Constellation Brands(PBR483) names Bill Newlands to new position of Chief Growth Officer, reports to president/CEO Rob Sands, starts 01/26/15. Click here for the CB press release.

Hawaiian Airlines(PBR849) promotes Shannon Okinaka to SVP/Interim CFO, fills vacancy left by Scott Topping, reports to president/CEO Mark Dunkerley. Click here for the HA press release.

JPMorgan Chase(PBR20) new report reveals summer jobs for young people decline significantly. Click here for the JPMC press release.

The US Dept of Labor says the December price index for U.S. imports fell 2.5%, follows 1.8% drop in November, decreases due to lower fuel prices. Click here for the USDOL press release.

The US Dept of Commerce reports that the US total business November end of month inventories were at $1,763.6 billion, +0.2%(+/- 0.1%) from October. Click here for the USDOC press release.

The US Federal Reserve Board releases the latest Beige Book, says modest growth across most districts in recent months, expects faster growth in coming months. Click here for the FRB press release.

Fun info: Vegas by the Numbers: A 2014 Recap; provided by MGM Resorts Intl(PBR270). Click here for the PRNewswire press release.

Tuesday, January 13:

Textron(PBR222) Specialized Vehicles unit acquires 90 employee UK based ground support equipment manufacturer Douglas Equipment from Curtiss-Wright(PBR771), terms not disclosed. Click here for the Textron press release.

Henry Schein(PBR276) acquires dental practice transition and brokerage firm ADS Florida, terms not disclosed. Click here for the HS press release.

Mohawk Industries(PBR342) to acquire Belgium based sheet vinyl, luxury vinyl tile, & laminate manufacturer IVC Group for $1.2 billion. Click here for the Mohawk press release.

Cabot(PBR600) authorizes 5 million shares repurchase program, cancels previous programs. Click here for the Cabot press release.

Dana Holding(PBR367) President/CEO Roger Wood to retire in 04/16, global executive search firm Spencer Stuart retained. Click here for the DH press release.

TD Ameritrade(PBR651) EVP/CFO Bill Gerber to retire at end of FY, 09/15. Click here for the TDA press release.

The US Dept of Labor reports 5.0 million job openings at the end of November, little changed from 4.8 million in October. Click here for the USDOL press release.

Monday, January 12:
AmerisourceBergen(PBR16) to acquire animal health distribution company MWI Veterinary Supply(PBR673) for $190/share, $2.5 billion, expect to close transaction in 03/15. Click here for the AB press release.

General Cable(PBR385) promotes Sonya Reed to Chief HR Officer, Emerson Moser to SVP General Counsel/Corp Secretary, names Kurt Drake SVP Chief Compliance Officer. Click here for the GC press release.

Carlyle Group(PBR528) promotes 59 professionals to senior positions. Click here for the CG press release.

Perrigo(PBR564) signs exclusive 5 year agreement with Ferrara Candy to manufacture gummy vitamins and dietary supplements for $625 million market. Click here for the Perrigo press release.

Arthur J Gallagher(PBR647) acquires Newport Beach, CA, based national benefits provider firm e3 Financial, terms not disclosed. Click here for the AJG press release.

Citrix(PBR685) has acquired workload-oriented storage virtualization technologies developer Sanbolic, terms not disclosed. Click here for the Citrix press release.

Specialty chemicals company Albemarle(PBR742) completes $6.2 billion acquisition of Rockwood Holdings(PBR1015), which will be delisted. Click here for the Albemarle press release.

SunEdison(PBR888) & India based Adani to build the largest solar manufacturing facility in India with a $4 billion investment. Click here for the SunEdison press release.

SunEdison(PBR888) & India based Omnigrid Micropower partner for 250MW power across 5,000 rural projects to bring electricity to 10 million people in rural India. Click here for the SunEdison press release.

Alpha Natural Resources(PBR478) president Paul Vining resigning end of 01/15, other executives to take on additional responsibilities. Click here for the ANR press release.

ABM Industries(PBR489) EVP Scott Salmirs to succeed president/CEO Henrik Slipsager as CEO, effective 03/31/15. Click here for the ABM press release.

Citrix(PBR685) appoints Carlos Sartorius SVP, Worldwide Sales & Services, reports to pres/CEO Mark Templeton. Click here for the Citrix press release.

Acxiom(PBR1073) Chief Revenue Officer Nada Stirratt stepping down, effective 03/31/15, CEO Scott Howe to lead sales until replacement found. Click here for the Acxiom press release.

Friday, January 9:
DJIA closes week at 17,737.37, -0.54% from last Friday, -0.48% MTD, QTD, & YTD.
NASDAQ closes week at 4,704.07, -0.48% from last Friday, -0.68% MTD, QTD, & YTD.
SPX closes week at 2,044.81, -0.65% from last Friday, -0.68% MTD, QTD, & YTD.

Estee Lauder(PBR242) completes acquisition of ultraluxury fragrances company Editions de Parfums Frederic Malle, terms not disclosed. Click here for the EL press release.

Dover(PBR295) authorizes 15 million over 3 years shares repurchase program. Click here for the Dover press release.

Advance Auto Parts(PBR382) promotes Tammy Finley to EVP, Human Resources & General Counsel, reports to CEO Darren Jackson. Click here for the AAP press release.

Spectrum Brands(PBR529) president/CEO Dave Lumly to retire by end of 2015, will remain on the board. Click here for the SB press release.

Endo Health(PBR741) announces several senior management changes based on pending acquisition of Auxilium. Click here for the EH press release.

The Dept of Labor reports that nonfarm payroll jobs increased by 252,000 in December, the unemployment rate is at 5.6%. Click here for the USDOL press release.

The US Census Bureau reports that November wholesalers sales were $452.2 billion, -0.3% from October. End of Month inventories were at $547.2 billion, +0.8% from October. here for the Census press release.

Thursday, January 8:
Macy’s(PBR97) restructuring merchandising & marketing, make store & field organization adjustments, maintain 175,000 associates level. Click here for the Macy’s press release.

Global Partners(PBR136) completes acquisition of NE US petroleum products marketer Warren Equities for $387 million. Click here for the GP press release.

General Mills(PBR148) to close baked refrigerated goods plants in New Albany, IN, & Midland, Ontario, will impact 500 employees. Click here for the General Mills press releases.

Dun & Bradstreet(PBR962) acquires B2B professional contact data provider NetProspex for $125 million. Click here for the D&B press release.

Starbucks(PBR164) COO Troy Alstead, after 23 year career, to take an extended unpaid leave of absence after 03/01/15. Click here for the Starbucks press release.

Ball Corp(PBR304) names Manette Snow to new position of VP, Diversity & Inclusion, reports to chairman/president/CEO John Hayes. Click here for the Ball Corp press release.

Carlyle Group(PBR528) appoints Georgette Kiser as Chief Info Officer, reports to co presidents/COOs. Click here for the CG press release.

ADT(PBR620) appoints Andrea Martin to President of Canada operations, effective 01/12/15, reports to President/CEO Naren Gursahaney. Click here for the ADT press release.

Boise Cascade(PBR636) COO Tom Corrick to become CEO upon retirement of Tom Carlile on 03/06/15. Click here for the BC press release.

W.R. Grace(PBR657) appoints Elizabeth Brown as Chief Human Relations Officer. Click here for the WRG press release.

FreddieMac(PBR33) reports that the average 30 year fixed mortgage rate is at 3.73% with 0.6 point. Click here for the FreddieMac press release.

General Motors(PBR7) CEO Mary Barra expects the auto industry to sell16.5-17.0 million new cars in the US in 2015. Click here for the GM press release.

The US Fed Reserve Board reports that November consumer credit was up at a 5% seasonally adjusted annual rate. Revolving credit down at 1.25%, and nonrevolving credit up at 7.5%. Click here for the FRB press release.

President Obama proposes to make community college free for responsible students for 2 Years. Click here for the Whitehouse press release.

President Obama proposes to reduce FHA mortgage insurance to save new homeowner an avg of $900/yr. Click here for the Whitehouse press release.

The US Olympic Committee selects Boston as applicant city for the 2024 Olympic & Paralympic Summer Games. Click here for the USOC press release.

Wednesday, January 7:
T-Mobile US(PBR115) reports 8.3 million total net customer additions in 2014. Click here for the T-Mobile press release.

PVH(PBR318) announces closing of 120 store Izod Retail Division by end of 2015, keep growing wholesale business. Click here for the PVH press release.

Flowserve(PBR477) completes acquisition of Netherland’s based engineered vacuum and fluid pumps provider SIHI Group BV for $372.5 million. Click here for the Flowserve press release.

Keurig Green Mountain(PBR499) to be exclusive producer of Dr Pepper Snapple(PBR409) products for its Keurig Cold at-home beverage system in multi-year agreement. Click here for the Keurig press release.

Carlyle Group(PBR528) acquires engineering/manufacturing drivetrain firm AxleTech International from General Dynamics(PBR91), terms not disclosed. Click here for the CG press release.

Ford(PBR8) John Felice retiring after 30 years, Mark Laneve to succeed him as VP, US Marketing, Sales & Service. Click here for the Ford press release.

Raytheon(PBR118) appoints CFO David Wajsgras as president, IIS, Toby O’Brien to be VP/CFO, effective 03/02/15. Click here for the Raytheon press release.

Alpha Natural Resources(PBR478) CFO Frank Wood to retire on 02/28/15, EVP/Chief Strategy Officer Philip Cavatoni to add CFO duties. Click here for the ANR press release.

Bright Horizons(PBR1047) President/COO Mary Ann Tocio to retire 07/15, leadership changes announced. Click here for the BH press release.

ADP(PBR220) National Employment Report says 241,000 non-farm private sector jobs added in December. Click here for the ADP press release.

The US Dept of Commerce reports that the international trade deficit in goods and services decreased to $39.0 billion in November from $42.2 billion in October (revised), as imports decreased more than exports. Click here for the USDOC press release.

The Federal Open Market Committee released its December 16-17 meeting notes, no immediate plans to raise interest rates. Click here for the FOMC press release.

Dun & Bradstreet(PBR962) says the US economy is showing signs of hesitant growth in 2015. Click here for the D&B press release.

An apparent small cell of Al Qaida operatives systematically attack and kill 12 people in the headquarters of Paris, France, based satirical publication Charlie Hebdo.

Tuesday, January 6:
In separate meetings Medtronic(PBR161) & Ireland based medical supplies provider Covidien shareholders approve Medtronic’s $49.2 billion acquisition, expected to close in next 3-5 weeks. Click here for the Medtronic press release.

Gilead Sciences(PBR237) to acquire from private German based biotech Phenex Pharmaceuticals its liver disease treatment protocols for up to $470 million. Click here for the GS press release.

Coach(PBR490) acquiring women’s luxury footwear designer and manufacturer Stuart Weitzman from private equity firm Sycamore Partners for $574 million cash. Click here for the Coach press release.

Brazilian based Cutrale & Safra complete the $14.50/share tender offer of Chiquita Brands(PBR658), now own 84%+ of common shares. Click here for the Chiquita press release.

The US Dept of Commerce reports that new orders for manufactured goods in November, down 4 consecutive mos, was down $3.5B from October, or -0.7%, to $492.7B. Click here for the USDOC press release.

The 114th US Congress is convened, John Boehner re-elected as House Speaker, Mitch McConnell elected Senate Majority Leader.

Monday, January 5:
Amazon(PBR37) says Amazon Sellers sold record over 2 billion items worldwide in 2014. Click here for the Amazon press release.

AIG(PBR41) completes acquisition of UK based 350,000 consumer base Ageas Protective Life from Belgium based Ageas Group for $305 million. Click here for the AIG press release.

Pfizer(PBR53) has acquired Swiss based herpes vaccine developer Redvax GmbH, no terms disclosed. Click here for the Pfizer press release.

Amgen(PBR144) & Kite Pharma(NASDAQ: KITE) form strategic cancer immunotherapy research collaboration & license agreement. Click here for the Amgen press release.

C.H. Robinson(PBR211) completes acquisition of private freight broker Freightquote.com for $365 million cash. Click here for the CHR press release.

Cameron International(PBR269) completes sale of Centrifugal Compression unit to Ireland based Ingersoll-Rand for $850 million. Click here for the Cameron press release.

Alliance Data(PBR540) announces $600 million shares repurchase program for 2015. Click here for the AD press release.

CME Group(PBR680) reports average trading volume in 2014 at 13.7 million contracts per day, up 9% from 2013. Click here for the CME Group press release.

Belden(PBR873) completes acquisition of global cybersecurity firm Tripwire for $710 million. Click here for the Belden press release.

Endo Health(PBR741) EVP/Chief Legal Officer Caroline Manogue to retire on 07/01/15, executive search firm retained. Click here for the Endo Health press release.

Curtiss-Wright(PBR771) announces CEO David Adams now also chairman. Click here for the C-W press release.

Covanta Holding(PBR970) announces Steve Jones to become president/CEO in 03/15 when Anthony Orlando steps down, but stays on board. Click here for the Covanta press release.

Blackstone(PBR374) Advisory Partners Vice Chairman Byron Wien announces his annual Predictions for 10 Surprises for 2015. Click here for the Blackstone press release.

Sunday, January 4:
The PBR1000: The December 2014 Breaking News Recap is posted. Click here for the post.

Friday, January 2:
DJIA closes week at 17,832.99, -1.22% from last Friday, -0.20% MTD, QTD, & YTD.
NASDAQ closes week at 4,726.81, -1.67% from last Friday, -0.20% MTD, QTD, & YTD.
SPX closes week at 2,058.20, -1.46% from last Friday, -0.03% MTD, QTD, & YTD.

3M(PBR92) completes sale of its global $45 million/yr Static Control business to Desco Industries, terms not disclosed. Click here for the 3M press release.

Cliffs Natural Resources(PBR422) completes sale of W Virginia Logan County coal assets to Coronado Coal for $175 million cash, confirms E Canada facility Bloom Lake has closed. Click here for the CNR press release.

HCC Insurance(PBR760) completes acquisition of Producers Ag Insurance Group from CUNA Mutual Group for $105 million cash. Click here for the HCC press release.

HealthSouth(PBR827) completes $750 million acquisition of privately held 5,000 employee Encompass Home Health & Hospice. Click here for the HealthSouth press release.

International Game Technology(PBR876) special shareholders meeting set for 02/10/15 to vote on acquisition by consortium led by Italian based game technology company GTECH for $6.4 billion in cash, stock, & debt. Click here for the IGT press release.

Graco(PBR1072) announces acquisition of 4 companies for $185 million, including PA based High Pressure Equipment. Click here for the Graco press release.

The US Dept of Commerce says prelim total annual rate construction spending in November was $975 billion, -0.3% from October. Click here for the USDOC press release.

Thursday, January 1:
The staff of PBRMarketTools wishes you and yours a Happy, Blessed, Healthy, and Prosperous 2015!

(The PBR1000 is the premiere comparative data and reporting service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate over $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your annual subscription, just go to the PBRMarketTools.com Order page.)

(Photo courtesy of freedigitalphotos.net, Danilo Rizzuti.)

Filed Under: Recaps Tagged With: , , , , , , ,

The PBR1000: The December 2014 Breaking News Recap!

January 5, 2015 by
ID-100302563 Oil Well-Stuart Miles

Oil Prices Continued To Drop At The End of 2014. What Does That Mean Short-Term and Long-Term?

By Larry C. Paxton

December 2014 finished on generally positive notes. The DJIA and S&P 500 finished at near their record highs, with the NASDAQ up significantly as well. The final numbers for holiday spending are not in, but initial indications are positive. 3rd quarter GDP numbers were revised up to a strong 5.0% annual rate. Most of the key indicators are preliminary, but reflect a mostly stable, though still fragile, US economy, and the envy of the rest of the world. Oil prices continued to drop significantly and the overall impact short term and long term are still a guess. Internationally the biggest news was the hacking of Sony along with an unnamed threat if the new movie, “The Interview,” was released. The primary suspect is North Korea.

Now we enter 2015 with some cautious optimism. Let’s get this show on the road!

Following are the December 2014 Breaking News items, from the latest date to the first:

Wednesday, December 31:
DJIA closes 2014 at 17,823.07, -1.28% from last Friday, -0.03% MTD, +4.58% QTD, +7.52% YTD.
NASDAQ closes 2014 at 4,736.05, -1.47% from last Friday, -1.16% MTD, +5.40% QTD, +13.40% YTD.
SPX closes 2014 at 2,058.90, -1.43% from last Friday, -0.42% MTD, +4.39% QTD, +11.39% YTD.

FreddieMac(PBR33) says 30 yr fixed rate mortgages finished last week of 2014 at an average of 3.87% with 0.6 points. Click here for the FreddieMac press release.

Eli Lilly(PBR121) completes $5.4 billion acquisition of Novartis Animal Healthcare. Click here for the Eli Lilly press release.

Spectrum Brands(PBR529) completes acquisition of Proctor & Gamble’s(PBR32) European based IAMs & Eukanuba pet food business, terms not disclosed. Click here for the SB press release.

Tuesday, December 30:
Clearwater Paper(PBR913) has sold its specialty products business & mills to Dunn Paper, terms not disclosed. Click here for the CP press release.

The US Dept of Commerce in its preliminary 3rd quarter report says that US international assets are at $24.6 trillion, liabilities at $30.8 trillion, -$6.2 trillion balance. Click here for the USDOC press release.

Monday, December 29:
Walgreen(PBR36) shareholders approve buy of 55% remaining of Alliance Boots, GmBH, reorganization with Walgreen as subsidiary of public Walgreen Alliance Boots(NASDAQ: WBA), to be completed by 12/31/14. Click here for the Walgreen press release.

Liberty Interactive(PBR233) & Liberty Media(PBR571) both extend contract of president/CEO Maffei through 2019. Click here for the Liberty Interactive press release.

Cars.com estimates new car sales at 1.51 million units in December, 16.86 million annual rate, forecasts 17.1 million in 2015. Click here for the Cars.com press release.

Friday, December 26:
DJIA closes week at 18,053.71(R), +1.40% from last Friday, +1.26% MTD, +5.93% QTD, +8.91% YTD.
NASDAQ closes week at 4,806.86, +0.87% from last Friday, +0.32% MTD, +6.98% QTD, +15.09% YTD.
SPX closes week at 2,088.77(R), +0.88% from last Friday, +1.03% MTD, +5.91% QTD, +13.01% YTD.

Thursday, December 25:
Stock Markets Closed.
Have a Merry and Blessed Christmas!

Wednesday, December 24:
FreddieMac(PBR33) reports that 30 year fixed mortgage rates averaged 3.83% with 0.6 points for the week ending 12/24/14. Click here for FreddieMac report.

The US Dept of Labor in its advance report says that for the week ending Dec 20 initial jobless claims were at 280,000, -9,000 from the previous week. The 4 week moving average was 290,250. Click here for the USDOL press release.

Tuesday, December 23:
Fun Fact: The PBR1000 Stock Index for the end of November was +5.26% over October, +20.97% YTD, +61.37% over YE2012. Click here for The PBR1000 November Stocks/Commodities Snapshot blog post.

Bristol-Myers Squibb(PBR165) receives FDA accelerated approval for melanoma cancer treatment Opdivo. Click here for the BMS press release.

Family Dollar(PBR252), because of lack of votes to adopt the Dollar Tree(PBR329) merger agreement, adjourns today’s special meeting of stockholders to 01/22/15. Click here for the Family Dollar press release.

Dollar General(PBR153) extends tender offer to acquire Family Dollar(PBR252) to 01/30/15. Click here for the Dollar General press release.

Keurig Green Mountain(PBR499) voluntarily recalling 7.2 million MINI Plus Brewers because of possible steam burns. Click here for the Keurig statement.

Vornado Realty Trust(PBR714) to spin-off subsidiary Urban Edge Properties as an independent public company on NYSE: UE in January. Click here for the Vornado statement.

GNC Holdings(PBR739) unveils an exclusive, multi-year ecommerce partnership with health & fitness publisher American Media. Click here for the GNC press release.

Equinix(PBR852) converting to a real estate investment trust(REIT) for tax purposes effective 01/01/15. Click here for the Equinix press release.

The US Dept of Commerce says, in 3rd estimate of the 3rd quarter, that GDP grew at an annual rate of 5.0%. Click here for the USDOC press release.

The US Dept of HUD estimates that November new home sales were at an annual rate of 438,000, -1.6% from revised October. Median sales price was $280,900. Click here for the HUD press release.

The US Dept of Commerce preliminary report says that November personal income was +0.4% over October, disposable personal income +0.3%. Click here for the USDOC press release.

DJIA closes over 18,000 for the first time at 18,024.17, 36th record of the year; S&P500 closes at 2,082.17, 51st record of the year.

Monday, December 22:
Boeing(PBR31) comments on Air China’s commitment for 60 737s for over $6 billion. Click here for the Boeing press release.

Anthem(PBR40) to acquire Florida based managed care Medicaid & Medicare programs provider Simply Healthcare, terms not disclosed. Click here for the Anthem press release.

Oracle(PBR75) to acquire digital marketing services company Datalogix, terms not disclosed. Click here for the Oracle press release.

DuPont(PBR83) to consolidate corporate headquarters at Chestnut Run Plaza in Wilmington, DE, on 07/01/15. Click here for the DuPont press release.

Abbott Labs(PBR127) completes $250 million acquisition of private electrophysiology technologies medical device company Topera. Click here for the Abbott press release.

Chesapeake Energy(PBR152) completes sale of Southern Marcellus & Utica Shale units to Southwestern Energy(PBR624) for a revised $4.975 billion; $1 billion common share buyback program approved. Click here for the CE press release.

Caesars Entertainment(PBR301) & Caesars Acquisition(NASDAQ: CACQ) to do an all stock merger with combined market capitalization of $3.2 billion; will still be controlled by affiliates of Apollo Global Management(PBR531) & TPG Capital. Click here for the Caesars press release.

Ocwen Financial(PBR881) reaches $150 million settlement with NY Dept of Financial Services, exec chairman/founder William Erbey to step down on 01/16/15. Click here for the Ocwen press release.

Actavis(PBR297) appoints Jonathan Kellerman as EVP, global chief compliance officer, reports to president/CEO Brent Saunders. Click here for the Actavis press release.

Ball Corp(PBR304) appoints Erik Bouts as SVP & COO/global metal beverage packaging, effective 02/01/15, reports to chair/pres/CEO John Hayes. Click here for the Ball press release.

President Obama promised that 2014 would be a year of action. What did he accomplish? Click here for the White House review.

The National Association of Realtors reports that the annual rate of existing home sales in November was down from October to 4.93 million. Click here for the NAR press release.

Friday, December 19:
DJIA closes week at 17,804.80, +3.03% from last Friday, -0.13% MTD, +4.47% QTD, +7.41% YTD.
NASDAQ closes week at 4,765.38, +2.40% from last Friday, -0.55% MTD, +6.05% QTD, +14.10% YTD.
SPX closes week at 2,070.65, +3.41% from last Friday, +0.15% MTD, +4.99% QTD, +12.03% YTD.

Safeway(PBR84) & Albertsons to sell 168 stores to satisfy FTC requirements for the merger to proceed. Click here for the Safeway press release.

Xerox(PBR128) is selling its information technology outsourcing business to France based Atos for $1.05 billion. Click here for the Xerox press release.

Estee Lauder(PBR242) to acquire Hollywood skincare brand GLAMGLOW, terms not disclosed, to close in 01/15. Click here for the EL press release.

Ally Financial(PBR290) announces that the US Treasury has sold its remaining 54.9 million shares invested through the TARP program. Click here for the Ally press release.

News Corp(PBR299) has acquired India based startup BigDecisions.com, terms not disclosed. Clickhere for the News Corp press release.

Subsidiary Caesars Entertainment(PBR301) Operating Company reaches agreement with 1st lien holder, debt restructuring program detailed. Click here for the Caesars press release.

Vornado Realty(PBR714) completes sale of 601k sf office building 1740 Broadway in Manhattan for $605 million. Click here for the Vornado press release.

Ferro Corp(PBR967) completes sale of majority of assets in Polymer Additives to HIG Capital for $154 million cash. Click here for the Ferro press release.

Boeing(PBR31) announces personnel & responsibility changes at corporate and International unit. Click here for the Boeing press release.

Thursday, December 18:
MacMillan Publishers CEO John Sargent comments on agreement for books & ebooks with Amazon(PBR37) that will go into effect on 01/05/15. Click here for the MacMillan/TOR press release.

DuPont(PBR83) files Form 10 to spin-off Performance Chemicals unit as publicly traded The Chemours Company. Click here for the DuPont press release.

Dover(PBR295) selling stationary and portable label/receipt printing unit Datamax O’Neil to Honeywell International(PBR73) for $185 million. Click here for the Dover press release.

The Pantry(PBR331) agrees to be acquired by Quebec, Canada based Alimentation Couche-Tard(TSX: ATD.A) for $36.75/share, $1.7 billion cash, includes assumed debt. Click here for the The Pantry press release.

Harman International(PBR448) to acquire German based 100 employee infotainment systems, connectivity, & car audio solutions technology firm S1nn GmbH, terms not disclosed. Click here for the Harman press release.

Arthur J Gallagher(PBR647) acquires national program broker Affinity Marketing Group, terms not disclosed. Click here for the AJG press release.

Hyster-Yale Materials(PBR732) acquires fuel cell stacks & hydrogen production/dispensing systems developer Nuvera Fuel Cells, terms not disclosed. Click here for the HYM press release.

Kraft Foods(PBR145) CEO Tony Vernon to retire on 12/27/14, chairman John Cahill elected to add CEO title at that time. Click here for the Kraft press release.

GATX(PBR1032) promotes Jim Conniff to SVP, Human Resources. Click here for the GATX press release.

FreddieMac(PBR33) in its weekly report says average 30 yr fixed mortgage rate is at a record low of 3.80% with 0.6 point, was 4.47% 1 year ago. Click here for the FreddieMac press release.

Wednesday, December 17:
DISH Network(PBR199) is the 1st major US pay-TV provider to integrate Netflix(PBR534) app on its set-top box. Click here for the DISH press release.

Visteon(PBR338) selling its 70% interest in S. Korea based 15,500 employee Halla Visteon Climate Control to Hahn & Co for $3.6 billion. Click here for the Visteon press release.

Alaska Air(PBR459) 3,400 flight attendants ratify new 5 year contract, among highest paid in the industry. Click here for the AA press release.

Constellation Brands(PBR483) completes $300 million acquisition of Mexico based Nava Glass, form 50/50 partnership with Owens-Illinois, & buy other nearby infrastructure assets. Click here for the CB press release.

BE Aerospace(PBR611) stockholders get 1 share in now public KLX(NASDAQ: KLXI) spin-off for each 2 shares held. Click here for the BEA press release.

Arthur J Gallagher(PBR647) acquires employee benefits, HR, & retirement plans consultation and brokerage Rockville, MD, based Independent Benefit Services. Click here for the AJG press release.

Curtiss-Wright(PBR771) sells its upstream oil & gas Cimarron Energy unit to Turnbridge Capital for $100 million. Click here for the C-W press release.

Coca-Cola Co(PBR59) appoints Julie Hamilton as Chief Customer & Commercial Leadership Officer, reports to chairman/CEO. Click here for the Coca-Cola press release.

Carnival Corp(PBR176) names Christine Duffy as president of Carnival Cruise Lines unit, reports to corporate CEO. Click here for the Carnival press release.

The US Dept of Labor reports that the November Consumer Price Index was -0.3% over October, mostly due to the decline in oil prices, +1.3% over the last 12 mos. Click here for the USDOL press release.

The US Dept of Labor reports that real average hourly earnings increased by 0.8 percent, seasonally adjusted, from November 2013 to November 2014. Combined with a 0.3 percent increase in the average workweek, the result is a 1.1 percent increase in real average weekly earnings over this period. Click here for the USDOL press release.

The US Federal Reserve Board releases its economic projections based on the Federal Open Market Committee meetings of 12/16-17/14. Click here for the FRB press release.

President Obama’s statement/video for charting a new course on Cuba. Click here for the White House press release.

Tuesday, December 16:
CVS Health(PBR13) adds $10 billion for multi-year common shares repurchase program, total $12.7 billion now available. Click here for the CVS press release.

Asbury Automotive(PBR449) has acquired $140 million/yr Texas Motors Ford, rebranding as David McDavid Ford Fort Worth. Click here for the AA press release.

Bloomin’ Brands(PBR555) to start paying quarterly dividends, starts $100 million share repurchase program, plans to open 40-50 new restaurants in 2015. Click here for the BB press release.

Abercrombie & Fitch(PBR559) sign 7 year exclusive deal for development of fragrances with Inter Parfums. Click here for the A&F press release.

Crown Castle International(PBR670) completes its merger with wholly owned subsidiary Crown Castle REIT. Click here for the CCI press release.

Cubic Corp(PBR1008) acquires modular networking/baseband communications equipment firm DTECH for up to $114.5 million. Click here for the CC press release.

FirstEnergy(PBR187) elects president/CEO Tony Alexander as executive chairman, Charles Jones to become new president/CEO, both effective 01/01/15. Click here for the FE press release.

WellCare Health Plans(PBR277) appoints Blair Todt as SVP, chief legal & administrative officer & secretary, effective 01/01/15, to report to CEO, succeeds SVP, general counsel & secretary Lisa Iglesias, who is leaving. Click here for the WellCare press release.

Actavis(PBR297) announces that upon the merger with Allergan(PBR392) Brent Saunders to be president/CEO, other global leadership appointments announced. Click here for the Actavis press release.

FreddieMac(PBR33) provides December US Economy/Housing Outlook, reviews 2014 predictions/results. Click here for the FreddieMac press release.

The US Census Bureau reports that privately-owned housing starts in November 2014 were at a seasonally adjusted annual rate of 1,028,000, 1.6 percent (+/- 8.1%)* below the revised October 2014 estimate of 1,045,000. Click here for the Census press release.

President Obama signs into law the $1.1 trillion 2015 spending bill passed by the House on 12/11/14 and the Senate on 12/13/14. Click here for the Voice of America summary.

Monday, December 15:
Express Scripts(PBR21) increases shares buyback program by 65 million shares, now at 205 million shares. Click here for the ES press release.

Archer-Daniels-Midland(ADM)(PBR28) is selling its global cocoa business to Olam International for $1.3 billion, to close in 2nd quarter 2015. Click here for the ADM press release.

Boeing(PBR31) increases share buyback program to $12 billion, increases dividend by 25%. Click here for the Boeing press release.

Pfizer(PBR53) making initial payment of $295 million to OPKO(NYSE: OPK) in global agreement to develop & commercialize long-acting human growth hormone hGH-CTP. Click here for the Pfizer press release.

Emerson Electric(PBR112) selling its power transmission solutions unit to Regal Beloit(PBR653) for $1.4 billion, to close in 1st quarter 2015. Click here for the EE press release.

Apache Corp(PBR169) selling its stake in the Wheatstone & Kitimat LNG projects to Woodside Petroleum(ASX: WPL) for $2.75 billion. Click here for the Apache press release.

AGCO(PBR246) authorizes new $500 million common share buyback program through 2016. Click here for the AGCO press release.

Davita Healthcare(PBR312) merging its 2 clinical research businesses into one unit, with an emphasis on kidney/renal related health issues. Click here for the Davita press release.

Avis Budget(PBR326) to combine 3 regions into 2, the Americas & International, related retirements & promotions announced. Click here for the AB press release.

Yahoo!(PBR500) completes $640 million acquisition of 400 employee video ads platform developer BrightRoll. Click here for the Yahoo! press release.

Arthur J Gallagher(PBR647) has acquired longtime NJ based retail insurance broker O’Gorman & Young, terms not disclosed. Click here for the AJG press release.

Ventas(PBR707) $2.6 billion acquisition of American Realty Capital Healthcare Trust(NASDAQ: HCT) expected to be completed in 01/15 after the ARC special stockholders meeting on 01/15/14. Click here for the Ventas press release.

LINN Energy(PBR810) completes sale of its Granite Wash & Cleveland Properties for $2.3 billion. Click here for the LINN press release.

SunCoke Energy(PBR964) to cut 175 jobs, reduce coal production in half, evaluating further coal mining business options. Click here for the SunCoke press release.

Riverbed Technology(PBR1085) to be acquired by private equity firm Thomas Bravo & the Ontario(Canada) Teachers Pension Plan for $21/share, $3.6 billion cash. Click here for the Riverbed press release.

Express Scripts(PBR21) EVP/CFO Cathy Smith leaving, James Havel to become EVP/Interim CFO on 01/02/15. Click here for the ES press release.

Humana(PBR71) appoints Cynthia Zipperle as SVP/Chief Accounting Ofcr/Controller, reports to SVP/CFO Brian Kane. Click here for the Humana press release.

AES Corp(PBR172) appoints acting COO Bernerd Da Santos as COO, effective 01/01/15. Click here for the AES press release.

Core-Mark(PBR271) SVP/Marketing Chris Hobson to also head up Sales, SVP/Corporate Development Scott McPherson to become SVP/Business Operations & Strategic Opportunities, both positions effective 01/01/15. Click here for the C-M press release.

WellCare Health Plans(PBR277) appoints president/COO Ken Burdick as CEO, effective 01/01/15. Click here for the WellCare press release.

Advanced Micro Devices(AMD)(PBR451) appoints James Clifford as SVP/Global Operations, reports to CEO Lisa Su. Click here for the AMD press release.

The US Federal Reserve Board preliminary report shows that November industrial production was +1.3% over October, +5.2% over November, 2013. Click here for the FRB press release.

Sunday, December 14:
PetSmart(PBR359) to be acquired by a consortium led by pan-Euopean buyout investor BC Partners for $83/share, $8.7 billion cash. Click here for the PetSmart press release.

Friday, December 12:
DJIA closes week at 17,280.83, -3.78% from last Friday, -3.07% MTD, +1.40% QTD, +4.25% YTD.
NASDAQ closes week at 4,653.60, –2.66% from last Friday, -2.88% MTD, +3.57% QTD, +11.42% YTD.
SPX closes week at 2,002.33, -3.52% from last Friday, -3.15% MTD, +1.52% QTD, +8.33% YTD.

Oil closes below $58, stock exchanges take a dive. Click here for the Oil(CLF5) current price.

Berkshire Hathaway(PBR5) is acquiring non-asset based 3rd party petroleum/chemicals logistics provider Charter Brokerage from Arsenal Capital Partners, terms not disclosed. Click here for the BH press release.

Abbott Labs(PBR127) completes acquisition of Russia based pharmaceutical developer Veropharm for $305 million. Click here for the Abbott Labs press release.

Arrow Electronics(PBR129) adds $200 million to its share buyback program, has used $1.2 billion since 2010. Click here for the AE press release.

Restaurant Brands International Inc. (TSX, NYSE: QSR) now owner of Burger King(PBR1063) & Canada based Tim Hortons brands, to start public trading on 12/15/14. Click here for the RBI press release.

AGCO(PBR246) SVP/GM of N. America, Robert Crain, to add S. America to responsibilities on 01/01/15. Click here for the AGCO press release.

The US Dept of Labor says the November Producer Price Index for final demand was -0.2%, +1.4% for past 12 months. Click here for the USDOL press release.

Thursday, December 11:
American Express(PBR86) & Delta Airlines(PBR78) agree to multi-year extension of their co-brand credit card program partnership. Click here for the AMEX press release.

Danaher(PBR139) completes acquisition of Swiss based Nobel Biocare. Click here for the Danaher press release.

Eastman Chemical(PBR282) completes the acquisition of $100 million/yr Commonwealth Laminating & Coating. Click here for the EC press release.

Assurant(PBR286) introduces Getaround auto rental service as part of new sharing economy services. Click here for the Assurant press release.

KBR(PBR344) to restructure into 3 business units, Tech/Consulting, Engineering/Construction, Government Services, by year end. Click here for the KBR press release.

Adobe Systems(PBR565) to acquire private photos & images website Fotolia from KKR(PBR272) for $800 million. Click here for the Adobe press release.

CONSOL Energy(PBR631) to pursue IPO for thermal coal business mid 2015, metallurgical business late 2015, authorizes $250 million shares buyback program. Click here for the CONSOL press release.

Armstrong World(PBR717) exiting European flooring business, DLW subsidiary filing for insolvency. Click here for the AW press release.

GrafTech(PBR1056) moving reduced 50 person global headquarters staff to Independence, OH, Innovation & Technology Center to Brooklyn Heights, OH, in 1st quarter, 2015. Click here for the GrafTech press release.

Crude light sweet oil(CLF5) closes at $59.95/barrel, new 5 year low. Click here for the current CLF5 price.

Kroger(PBR25) chairman David Dillon to retire on 12/31/14 after 38 years of company service, CEO Rodney McMullen to add chairman title on 01/01/15. Click here for the Kroger press release.

Caterpillar(PBR49) names new CIO, VP of Finance Services, & VP of Strategic Services. Click here for the current Caterpillar press release.

CBS Corp(PBR178) president/CEO Leslie Moonves gets new contract extending term to 06/30/19. Click here for the CBS press release.

Arch Coal(PBR671) names Matt Giljum VP/Finance & Treasurer upon retirement of Jim Florczak at end of January, 2015. Click here for the AC press release.

SeaWorld(PBR1002) chairman David D’Alessandro to add interim CEO title on 01/15/15, CEO Jim Atchison to become vice chairman. Click here for the SeaWorld press release.

The US Dept of Commerce advance estimate says November Retail & Food Sales were $449.3 billion, +0.7% over October, +5.1% over November, 2013. Click here for the USDOC press release.

The US Dept of Labor reports that November import prices -1.5%, -1.2% in October, both decreases driven by declining fuel prices. Click here for the USDOL press release.

The US Dept of Commerce reports that the October combined value of distributive trade sales & manufacturers’ shipments is estimated at $1,350.9 billion, -0.1% from September, +3.4% from October, 2013. Click here for the USDOC press release.

The US Federal Reserve Board says in the Z1 Funds Flow 3rd Quarter Report that the net worth of households & nonprofits dipped slightly to $81.3 trillion from the 2nd quarter. Click here for the FRB press release.

Wednesday, December 10:
Baxter International(PBR179) files initial Form 10 with SEC to spinoff Baxalta biopharmaceuticals unit in mid 2015, will have 20% ownership. Click here for the Baxter press release.

Actavis(PBR297) launches generic version of Pfizer’s(PBR53) Celebrex. Click here for the Actavis press release.

Mylan(PBR360) launches one of first generic versions of Celebrex, $2.5 billion/yr US market, has 286 ANDAs waiting FDA approval. Click here for the Mylan press release.

Alliance Data(PBR540) completes $2.3 billion cash & stock acquisition of digital marketing company Conversant. Click here for the AD press release.

First Solar(PBR628) enters residential market with investment in community solar solutions developer Clean Energy Collective, terms not disclosed. Click here for the First Solar press release.

Walmart(PBR1) US division COO Gisel Ruiz promoted to EVP of the International People division, reports to division pres/CEO David Cheesewright. US division Chief Development Officer Judith McKenna promoted to US division COO, reports to division president/CEO Greg Foran. Click here for the Walmart press release.

Walgreens(PBR38) CEO Greg Wasson to retire after completion of merger with Alliance Boots, successor leadership announced. Click here for the Walgreens press release.

MetLife(PBR42) announces that Esther Lee to join as EVP/Global Marketing Officer on 01/12/15, reports to chairman/president/CEO Steven Kandarian. Click here for the MetLife press release.

The US Dept of the Treasury reports November receipts of $191.4B, outlays of $248.3B, deficit of $56.8B. Click here for the Treasury press release.

The US Dept of Commerce releases 3rd Quarter Services Revenues Estimates for 12 services categories. Click here for the USDOC press release.

The US Dept of the Treasury in its says Lifetime Costs have been $426.3 billion of $475 billion authorized, has recovered $14 billion more than cost. Click here for the USDOT report.

Tuesday, December 9:
Discovery Communications(PBR433) to let Hulu stream many of its popular shows starting 01/01/15 in wide ranging agreement. Click here for the DC press release.

Advanced Micro Devices(AMD)(PBR451) to move from NYSE to NASDAQ on 01/02/15. Click here for the AMD press release.

Hudson City Bancorp(PBR1014) & M&T Bank Corp(PBR514) agree to extend merger deadline from 12/31/14 to 04/30/15. Click here for the M&T press release.

Belden(PBR868) to acquire global cybersecurity firm Tripwire for $710 million. Click here for the Belden press release.

Expedia(PBR491) & Airlines Reporting Corporation in 2015 Flight Predictions report say fares in US/Europe to drop slightly. Click here for the Expedia press release.

United Technologies(PBR45) welcomes back Akhil Johri as new SVP/CFO, reports to pres/CEO Gregory Hayes. Click here for the UT press release.

Delta Air Lines(PBR78) promotes Ranjan Goswami to VP Sales-West Coast, a new position. Click here for the Delta press release.

Abercrombie & Fitch(PBR557) CEO Michael Jeffries retires effectively immediately, Arthur Martinez appointed executive chairman, Office the Chairman group formed for day-to-day operations, new CEO search starts. Click here for the A&F press release.

Buckle(PBR1061) announces leadership changes in merchandising & finance areas. Click here for the Buckle press release.

Conn’s, in 3rd quarter report, announces VP/Chief Accounting Officer Mark Haley is now interim CFO, effective immediately, upon departure of Brian Taylor. Click here for the Conn’s press release.

OECD reports Foreign Direct Investment flows continued to struggle in the 1st half of 2014. Click here for the OECD press release.

The US Dept of Labor preliminary report shows that end of October Job Openings was at 4.8 million, 5.1 million job hires, & 4.8 million job separations. Click here for the USDOL press release.

The US Dept of Commerce reports in preliminary Wholesale Monthly Trade report that October sales were $454.6B, +0.2% over Sept. Click here for the USDOC press release.

Monday, December 8:
Merck(PBR63) to acquire antibiotics developer & marketer Cubist Pharmaceuticals(NASDAQ: CBST) for $102/share in cash, $9.5 billion total deal. Click here for the Merck press release.

EOG Resources(PBR193) sells off majority of Canadian assets for $410 million. Click here for the EOG press release.

CBRE Group(PBR347) acquires 200+ employee real estate consulting & advisory service IVI International, terms not disclosed. Click here for the CBRE press release.

Blackstone Group(PBR372) is selling its San Francisco Peninsula & Silicon Valley offices portfolio properties to Hudson Pacific Properties(NYSE: HPP) for $3.5 billion cash & stock. Click here for the Blackstone press release.

Asbury Automotive(PBR449) acquires Atlanta, GA, suburb new car dealership Sandy Springs Ford, does $110 million/yr. Click here for the Asbury press release.

Hyatt Hotels(PBR546) sells 644 room Vancouver(Canada) Hyatt Regency to InnVest for $123 million/$190,000 per key, will remain a Hyatt Regency. Click here for the Hyatt press release.

CareFusion(PBR580) sets 01/21/15 for special stockholders meeting to vote on the $12.2 billion merger deal with Becton Dickinson(PBR319). Click here for the BD press release.

Greenbrier Cos(PBR931) receives 14,100 in new railcar orders in its 1st quarter, valued at $1.24 billion. Click here for the Greenbrier press release.

FannieMae(PBR33) & FreddieMac(PBR16) announce new 3% down programs for new homebuyers. Click here for the FannieMae press release. Click here for the FreddieMac press release.

C.H. Robinson(PBR210) announces CFO & CIO transitions. Click here for the CHR press release.

JetBlue(PBR441) appoints Alexander Chatkewitz as VP/Controller, reports to Jim Leddy, SVP/Treasurer. Click here for the JetBlue press release.

Brinker International(PBR686) appoints Scarlett May as SVP/General Counsel & Secretary, effective 12/15/14. Click here for the BI press release.

Darling Ingredients(PBR942) announces that Chief Synergy Officer John Muse to reassume his CFO position, effective immediately, upon resignation of Colin Stevenson. Click here for the DI press release.

Friday, December 5:
DJIA closes week at 17,958.79, +0.73% from last Friday & MTD, +5.37% QTD, +8.34% YTD.
NASDAQ closes week at 4,780.76, -0.23% from last Friday & MTD, +6.40% QTD, +14.47% YTD.
SPX closes week at 2,075.37, +0.38% from last Friday & MTD, +5.23% QTD, +12.28% YTD.

Lockheed Martin(PBR61) Orion spacecraft has successful 1st test in goal of manned journey to Mars. http://lmt.co/1tZlgm4.

Eastman Chemical(PBR280) completes acquisition of specialty chemical company Taminco(NYSE: TAM) for $2.8 billion. Click here for the Eastman Chemical press release.

Dollar Tree(PBR328) provides an update on FTC’s review of acquisition of Family Dollar(PBR254), issues involved with Dollar General(PBR154) bid. Click here for the Dollar Tree press release.

Dollar General(PBR154) responds to the Dollar Tree(PBR328) update regarding DT’s proposed acquisition of Family Dollar(PBR254). Click here for the Dollar General press release.

LabCorp(PBR418) completes the acquisition of DNA testing services Bode Technology Group from SolutionPoint International. Click here for the LabCorp press release.

Apollo Education Group(PBR595) enters Brazil with 75% acquisition for $28 million of education provider FAEL. Click here for the AEG press release.

Sigma-Aldrich(PBR715) stockholders approve acquisition by Germany based Merck KGaA for $140/share, $17 billion cash, expected to close mid 2015. Click here for the S-A press release.

Genesco(PBR736) announces that SVP/CFO James Gulmi is retiring at the end of the FY, will be succeeded by Mimi Vaughn, SVP/Strategy & Shared Services. Click here for the Genesco press release.

The US Dept of Commerce reports that the internationall trade of goods & services deficit was $43.4 billion in October, -$0.2 billion from a revised September. Click here for the USDOC press release.

The US Dept of Labor reports that total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8%. Click here for the USDOL press release.

The US Federal Reserve reports that the preliminary annual rate of Consumer Credit for October was at $882.6 billion revolving, $2,396.3 billion non-revolving. Click here for the FRB press release.

The US Dept of Commerce reports new orders for manufactured goods in October decreased $3.3 billion, or 0.7%, to $496.6 billion. Click here for the USDOC press release.

Thursday, December 4:
Best Buy(PBR67) selling its China based Five Star business to Jiayuan Group, does not affect private label operations in China. Click here for the Best Buy press release.

The Hershey Co(PBR348) has acquired Ontario, Canada, based confectionary products manufacturer The Allan Candy Company, terms not disclosed. Click here for the Hershey press release.

Barnes & Noble(PBR386) to acquire Microsoft(PBR30) preferred investment in NOOK Media, agree to terminate commercial agreement. Click here for the BN press release.

Keurig Green Mountain(PBR532) to acquire remaining 85% of equity of hot/cold dispenser developer MDS Global(dba Bevyz) for $220 million. Click here for the KGM press release.

Church & Dwight(PBR646) completes acquisition of the assets of manufacturer & seller of livestock feeds company VI-COR. Click here for the C&D press release.

Arthur J Gallagher(PBR648) acquires Brisbane, Australia, insurance broker Blue Holdings, no terms disclosed. Click here for the AJG press release.

Eastman Kodak(PBR798) reorganizing into 5 divisions, names division leaders & corporate functional leaders. Click here for the Kodak press release.

Walgreens(PBR38) names Linda Filler as president of retail products & chief merchandising officer, effective 01/01/15. Click here for the Walgreens press release.

Dupont(PBR82) names Matthias Heinzel as president of Nutrition & Health, effective 01/01/15, succeeds Craig Binetti, who is retiring. Click here for the Dupont press release.

Halliburton(PBR94) announces integration leadership team for the Baker Hughes(PBR124) acquisition. Click here for the Halliburton press release.

Bemis(PBR466) elects Mike Clauer as VP/CFO. Click here for the Bemis press release.

FreddieMac(PBR33) reports that the average 30 year fixed mortgage rate was 3.89% with 0.5 points on 12/04/14. Click here for the FreddieMac press release.

The US Dept of Labor reports that Unemployment Insurance Claims for the week ending 11/29/14 was 297,000, 4 week moving average was 299,000. Click here for the USDOL press release.

Wednesday, December 3:
Wellpoint(PBR40) corporate name is now Anthem, Inc, now trading with symbol ANTM. Click here for the Anthem press release.

NextEra Energy(PBR178) to acquire Hawaiian Electric(HEI)(PBR639) as a 3rd unit for $4.3 billion. HEI to spinoff American Savings Bank as a separate public company. Click here for the NextEra press release.

Corning(PBR330) announces $1.5 billion shares buyback program by end of 2016, 4th buyback program since 2011, $7 billion total. Click here for the Corning press release.

Cliffs Natural Resources(PBR421) selling its W Virginia Logan County coal assets to Coronado Coal for $175 million cash. Click here for the CNR press release.

General Dynamics(PBR91) elects S Daniel Johnson as EVP IT & Technology, effective 01/01/15, upon retirement of David Heebner. Click here for the GD press release.

Devon Energy(PBR253) president/CEO John Richels to retire on 07/31/15, COO Dave Hager to become CEO on 08/01/15. Click here for the DE press release.

The US Federal Reserve Board releases the Beige Book, an informal economic summary of the 12 districts, sees positive signs overall across all business segments. Click here for the Beige Book content.

The US Dept of Labor revises 3rd quarter nonfarm labor productivity, +2.3% annual rate, output +4.9%, hours worked +2.5%. Click here for the USDOL press release.

ADP(PBR217) reports +208,000 net new jobs in November, 101,000 from small companies, 65,000 from medium sized companies, 42,000 from large companies. 185,000 jobs were from the services providing industries, 17,000 from goods producing industries. Click here for the ADP press release.

Tuesday, December 2:
Auto Industry:
 GM(PBR7) sells 225,818 vehicles in November, +6% from 2013, annual rate at 17.1M vehicles. Click here for the GM press release.
Ford(PBR8) sells 187,000 vehicles in Nov, -2% from 2013. Record sales for Escape, Explorer & Mustang. Click here for the Ford press release.
Chrysler(NR, foreign held) sells 170,839 vehicles in November, +20% over 2013, estimated 17.5 million annual rate. Click here for the Chrysler press release.

Home Depot(PBR35) to purchase assets of fasteners & builders hardware supplier to US retailers HD Supply Hardware Solutions(fka Crown Bolt), terms not disclosed. Click here for the HD press release.

Lockheed Martin(PBR61) statement on completion of acquisition of healthcare IT solutions for the government provider Systems Made Simple. Click here for the Lockheed press release.

MasterCard(PBR307) to start new $3.75 billion shares buyback program upon completion of $275 million remaining from the current $3.50 billion program. Click here for the MasterCard press release.

Corning(PBR330) to acquire Samsung fiber optics & cable business in S Korea, China, & SE Asia, terms not disclosed. Click here for the Corning press release.

Freescale Semiconductor(PBR545) acquires advanced HD content processing ICs developer Zenverge, terms not disclosed. Click here for the FS press release.

Brink’s(PBR575) reorganized from 4 geographic segments to 2 operating segments, makes leadership changes. Click here for the Brink’s press release.

RadioShack(PBR617) responds to lender covenant breaches claims, updates turnaround plan progress. Click here for the RadioShack press release.

Ferro Corp(PBR962) completes acquisition of Italian tile coatings manufacturing firm Vetriceramici for $108 million cash. Click here for the Ferro press release.

The Dept of Commerce reports that preliminary October Total Construction Activity at a $971 billion annual rate, +1.1% over revised September. Click here for the USDOC press release.

Monday, December 1:
Welcome to Cyber Monday!

The PBR1000 November 2014 Breaking News Recap has been released. Click here for the blog post.

Pfizer(PBR53) completes acquisition of vaccines unit of Baxter International(PBR177) for $635 million. Click here for the Pfizer press release.

Medtronic(PBR162) raising $17 billion in 7 private placements of senior notes to help finance Ireland based Covidien acquisition. Click here for the Medtronic press release.

C.H. Robinson(PBR210) to acquire private freight broker Freightquote.com for $365 million cash, to close in 1st quarter 2015. Click here for the CHR press release.

Huntsman Corp(PBR237) restructuring its pigments & additives business, reducing workforce by 900. Click here for the Huntsman press release.

Group 1 Automotive(PBR291) buying 3 UK based BMW/MINI dealerships, making a total of 17 UK dealerships, $1.3 billion in annual sales. Click here for the G1A press release.

Fidelity National Financial(PBR300) to acquire home warranty, home inspections, and commercial inspections provider BPG Holdings, terms not disclosed. Click here for the FNF press release.

Ashland(PBR331) completes the sale of its elastomers business to Lion Copolymer, terms not disclosed. Click here for the Ashland press release.

Mylan(PBR360) to manufacture & distribute Gilead Sciences(PBR236) HIV drug. Click here for the Mylan press release.

Blackstone Group(PBR372) selling its wholly-owned US industrial platform, IndCor Properties, to Singapore based sovereign wealth fund GIC for $8.1 billion. Click here for the Blackstone press release.

Apollo Global Management(PBR527) to acquire IT infrastructure provider Presidio Holdings, which has 6,000 clients, terms not disclosed. Click here for the ApolloGM press release.

Arthur J Gallagher(PBR648) acquires Australian insurance broker/risk management services firm Instrat Insurance Brokers. Click here for the AJG press release.

ON Semiconductor(PBR706) authorizes $1 billion shares buyback program over 4 years. Click here for the ON Semiconductor press release.

AOL(PBR805) to acquire digital media cross-screen video management & exchange program provider Vidible. Click here for the AOL press release.

Aetna(PBR57) appoints Karen Rohan as president, reports to CEO, will oversee national, government, & specialty businesses. Click here for the Aetna press release.

HSN(PBR618) appoints Jeffrey Kuster as president of Cornerstone & executive director of HSNi, reports to CEO. Click here for the HSN press release.

Citrix Systems(PBR683) appoints Geir Ramleth as SVP & Chief Strategy Officer, reports to CEO. Click here for the Citrix press release.

(The PBR1000 is the premiere comparative data and reporting service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate over $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your annual subscription, just go to the PBRMarketTools.com Order page.)

(Photo courtesy of freedigitalphotos.net, Stuart Miles.)

Filed Under: Recaps Tagged With: , , , , , ,

The PBR1000: The November 2014 Breaking News Recap!

December 1, 2014 by
ID-100190796 Santa Business Meeting-franky242

Santa asks the Board, “Has the year been naughty or nice?”

 

By Larry C. Paxton

November 2014 was a very eventful month, starting with the US elections that saw the Republicans gain a majority in the Senate and increase their majority in the House. President Obama exercised his executive privileges in the areas of net neutrality and immigration.

There were over $125 billion in new deals announced by 10 of The PBR1000 companies, the largest being Actavis(PBR297) winning the bidding war to acquire Allergan(PBR391) for $66 billion. Spinoffs have become popular and shares buyback programs continue to proliferate. While the stock market indexes were at record highs, a major event was the significant drop in oil prices. A lot of global maneuvering is starting to take place with that shift, leaving the big question: how it will affect the economy both short and long term?

While we gave thanks for the many blessings we have on Thanksgiving Day, we also can’t help but be concerned by the obvious lack of growth of the middle class, and the unrest it is causing seen by recent marches demanding livable wages. This has been compounded by the events of the Ferguson, Missouri, decisions and riots after the grand jury results were announced.

November ended with a lot of Black Friday hype, but with lower than expected sales. December starts with Cyber Monday, which is expected to take a big leap. But will data breaches and identity theft put a dent in at store and online purchases? So, the stage has been set for December with a lot of question marks, but I also sense with a feeling of very cautious optimism.

Following are the November Breaking News items, from the latest date to the first:

Friday, November 28:
Welcome to Black Friday!

DJIA closes week at 17,828.24, +0.10% from last Friday, 2.52% MTD, +4.61% QTD, +7.55% YTD.
NASDAQ closes week at 4,791.63, +1.67% from last Friday, +3.47% MTD, +6.64% QTD, +14.73% YTD.
SPX closes week at 2,067.56, +0.20% from last Friday, +2.45% MTD, +4.83% QTD, +11.86% YTD.

Coca-Cola Co(PBR58), SABMiller, & Coca-Cola SABCO to form Coca-Cola Beverages Africa to serve South & East Africa markets. Click here for the Coca-Cola press release.

Enbridge Energy(PBR353) acquires 80% interest in 2 US wind farms, in Texas & Indiana, from E.ON, who will remain operator, for $650 million. Click here for the Enbridge press release.

BE Aerospace(PBR608) is informed by NASDAQ that the KLX spin-off will start trading on 12/17/14 with the symbol KLXI. Click here for the BEA press release.

Thursday, November 27:
Markets are closed.
Happy Thanksgiving Day,
Give Thanks and Travel Safe!

Wednesday, November 26:
The US Dept of Commerce in a preliminary report says October personal income was +0.2% over September, real disposable income was +0.1%. Click here for the USDOC press release.

The US Dept of HUD preliminary report shows October new home sales at a 458,000 annual rate, +0.7% over September. Click here for the HUD press release.

Tuesday, November 25:
Aetna(PBR57) completes acquisition of private healthcare shopping exchange technologies company bswift for $400 million. Click here for the Aetna press release.

Harbinger Group(PBR431) chairman/CEO Philip Falcone resigns effective 12/01/14, independent board director Joseph Steinberg to be chairman, CEO search to begin. Click here for the Harbinger press release.

BE Aerospace(PBR608) board approves separation of KLX unit & shares distribution, to take place 12/16/14. Click here for the BE Aerospace press release.

Greenbrier Cos(PBR931) promotes Jack Isselmann to SVP/External Affairs & Programs, reports to chairman/CEO. Click here for the Greenbrier press release.

The US Dept of Commerce reports that the 3rd quarter 2014 2nd Estimate GDP was at a 3.9% annual rate. Click here for the USDOC press release.

Monday, November 24:
HealthSouth(PBR820) to acquire privately held 5,000 employee Encompass Home Health & Hospice for $750 million, to close by end of 2014. Click here for the HealthSouth press release.

United Technologies(PBR45) chair/CEO Louis Chenevert retires, effective immediately, SVP/CFO Greg Hayes appointed president/CEO. Click here for the UTC press release.

American Tower(PBR623) to acquire 4,800+ communications towers in Nigeria from a Netherlands based Bharti Airtel subsidiary. Click here for the AT press release.

Jarden(PBR341) does 3:2 stock split. Click here for the Jarden press release.

SunEdison(PBR882) & Brazil based Renova Energia create a 50/50 joint venture to develop 1 Gigawatt of solar power in Brazil. Click here for the SunEdison press release.

A. Schulman(PBR854) appoints Brent Middleton as VP/GM for US/Canada & Gustavo Perez as VP/GM Latin America. Click here for the AS press release.

Friday, November 21:
DJIA closes week at 17,810.06, +0.99% from last Friday, 2.41% MTD, +4.50% QTD, +7.44% YTD.
NASDAQ closes week at 4,712.97, +0.52% from last Friday, +1.78% MTD, +4.89% QTD, +12.84% YTD.
SPX closes week at 2,063.50, +1.16% from last Friday, +2.25% MTD, +4.62% QTD, +11.64% YTD.

Cardinal Health(PBR26) physician office-focused commercial organization to be consolidated with the Henry Schein(PBR274) Medical Group per longterm strategic agreement. Click here for the Henry Schein press release.

LabCorp(PBR418) completes acquisition of cardiovascular diagnostic lab tests on NMR provider LipoScience(NASDAQ: LPDX) for $5.25/share, $85.3 million transaction value. Click here for the LabCorp press release.

Abercrombie & Fitch(PBR557), in its first franchise agreement, to open its brand stores in Mexico through Grupo AXO. Click here for the A&F press release.

American Tower(PBR623) to acquire 2 portfolios totaling 6,480 cellular towers in Brazil from TIM Cellular SA for $1.2 billion. Click here for the AT press release.

Scientific Games(PBR1069) completes its acquisition of Bally Technologies for $5.1 billion. Click here for the SG press release.

Aetna(PBR57) authorizes $1 billion shares buyback plus $464 million remaining from previous buyback program. Click here for the Aetna press release.

Dillard’s(PBR367) authorizes $500 million Class A Common shares buyback program. Click here for the Dillard’s press release.

Flowers Foods(PBR588) increases its stock buyback program to 15 million shares. Click here for the FF press release.

Thursday, November 20:
Alcoa(PBR122) completes $2.85 billion cash/stock buy of UK based jet engine parts producer Firth Rixson. Click here for the Alcoa press release.

Apache Corp(PBR168) has added 300,000 leasehold acres in 2014, selling its non-core Louisiana & some Anadarko Basin oil & gas assets for $1.4 billion. Click here for the Apache press release.

Cognizant Technology(PBR292) completes acquisition of privately held healthcare IT software developer TriZetto for $2.7 billion cash. Click here for the CT press release.

Blackstone Group(PBR372) to acquire GE Capital’s Japan residential business of over 10,000 units for $1.6 billion. Click here for the Blackstone press release.

Fiserv(PBR484) authorizes 20 million shares repurchase program. Click here for the Fiserv press release.

Activision Blizzard(PBR510) announces its Call of Duty video game is biggest entertainment launch of the year, lifetime sales now exceeds $10 billion. Click here for the AB press release.

W.R. Grace(PBR657) to acquire remaining 50% from Turkey construction products joint venture partner, terms not disclosed. Click here for the WRG press release.

Corinthian Colleges(PBR968) selling 56 Everest & WyoTech campuses to nonprofit ECMC Group, to close in January, 2015. Click here for the CC press release.

Hertz(PBR249) elects travel & transportation industry veteran John Tague as president/CEO, effective 11/21/14. Click here for the Hertz press release.

Clorox(PBR428) has new CEO, former EVP/COO Benno Dorer. Click here for the Clorox biography of BD.

Children’s Place Retail(PBR929) appoints Anurup Pruthi as SVP/CFO, effective 12/01/14, reports to COO. Click here for the CPR press release.

The US Dept of Labor reports that October current earnings were up 0.1% to $24.57/hr average, $850.12/week, for 34.6 hour workweek. Click here for the USDOL press release.

The US Dept of Labor reports that the October Consumer Price Index was unchanged over September, 1.7% YTD. Click here for the USDOL press release.

The White House blog on President Obama’s speech regarding his plan to sign executive orders on immigration policy. Click here for the White House post.

Wednesday, November 19:
Family Dollar(PBR254) moves special stockholders meeting from 12/11/14 to 12/23/14 to vote on $9.2 billion merger with Dollar Tree(PBR328). Click here for the Family Dollar press release.

Dollar General(PBR154) affirms commitment to acquire Family Dollar(PBR254), working with FTC on terms. Click here for the Dollar General press release.

Avis Budget(PBR325) completes $210 million plus fleet cost deal for Budget licensee of S. California & Las Vegas. Click here for the Avis Budget press release.

Cliffs Natural Resources(PBR421) pursuing exit options for its Eastern Canadian operations. Click here for the CNR press release.

Yahoo!(PBR495) to be default mobile & desktop search engine in the US for Mozilla Firefox starting in 12/14 per 5 year strategic agreement. Click here for the Yahoo! press release.

Keuring Green Mountain(PBR532) announces that 11 year CFO/Treas Frances Rathke leaving in 2015 when replacement found. Click here for the KGM press release.

Arthur J Gallagher(PBR648) acquires Muscatine, IA, retail insurance broker Miller-Harrison Insurance Services. Click here for the AJG press release.

Crown Castle Intl(PBR668) stockholders vote to merge with wholly owned subsidiary Crown Castle REIT, to close by year end. Click here for the CCO press release.

Health Care REIT(PBR691) completes acquisition of HealthLease Properties REIT, includes portfolio of senior living, acute care, long-term care communities. Click here for the HCREIT press release.

Corinthian Colleges(PBR968) receives NASDAQ notice regarding inability to file latest 10-K & 10-Q reports. Click here for the CC press release.

The Federal Reserve Board announces the appointments of chairs and deputy chairs for the 12 Federal Reserve Banks for 2015. Click here for the FRB press release.

The Federal Reserve Board in its Oct 29 Open Market Committee report says the economy is expanding at moderate pace. Click here for the FRB press release.

The US Dept of HUD preliminary report says that October private housing building permits was at a 1,080,000 annual rate, +4.8% over September. Click here for the HUD press release.

The US Dept of Labor reports a net increase of 397,000 private sector jobs in 1st quarter 2014. Click here for the USDOL press release.

Tuesday, November 18:
Archer-Daniels-Midland(ADM)(PBR27) completes buy of Specialty Commodities for $191 million, announces some senior management changes. Click here for the ADM press release.

Avon(PBR266) announces leadership changes in Latin America, headquarters. Click here for the Avon press release.

Micron Technology(PBR284) announces CFO/VP of Finance Ronald Foster to retire effective 02/28/15. Click here for the MT press release.

Darden Restaurants(PBR392) says CFO Brad Richmond to retire by 03/31/15, Chief HR Officer Daisy Ng resigning, being replaced by SVP Danielle Kirgan, SVP Government & Community Affairs Bob McAdam to leave at end of year; also restructuring Olive Garden & Longhorn field leadership. Click here for the Darden press release.

The US Senate votes 59-41 in favor of the Keystone XL Pipeline, 1 vote short needed for passage. Click here for the Library of Congress notice.

The US Dept of Labor reports that the October Producer Price Index(PPI) was up 0.2%, with services up 0.5%, goods down 0.4%. Click here for the USDOL press release.

Monday, November 17:
Actavis(PBR297) to acquire healthcare products provider Allergan(PBR391) for $219/share, $66 billion. Click here for the Actavis press release.

Fidelity Natl Fin(PBR300) FNFV unit completes sale of Comdata to FleetCor for stock valued at $356 million. Click here for the FNF press release.

Canada based Valeant Pharmaceuticals(NYSE: VRX) says it cannot justify $219/share bid for Allergan(PBR391), will not be submitting any further offers. Click here for the Valeant press release.

Halliburton(PBR94) to acquire oilfield products & services provider Baker Hughes(PBR124) for $78.62/share, $34.6 billion in cash & stock. Click here for the Halliburton press release.

Medtronic(PBR162) & Ireland based medical supplies provider Covidien shareholders to meet on 01/06/15 to approve $49.2 billion cash acquisition. Click here for the Medtronic press release.

Actavis(PBR297) completes $23/share, $675 million tender offer of Durata Therapeutics outstanding shares. Click here for the Actavis press release.

Lennar(PBR414) & Macerich(PBR1083) to do 500,000 sf urban outlet joint venture 50/50 project in upscale mixed use San Francisco area Candlestick Point. Click here for the Lennar press release.

SunEdison(PBR882) & indirect subsidiary TerraForm Power to acquire wind projects developer & operator First Wind for $2.4 billion. Click here for the SunEdison press release.

Cummins(PBR158) names Tracy Embree as president, Components Group, reports to COO Rich Freeland. Click here for the Cummins press release.

AES Corp(PBR171) EVP/COO Andrew Vesey leaving effective 12/31/14, for CEO position in Australia. CFO Bernerd Da Santos to also be acting COO 12/01/14. Click here for the AES press release.

American Axle & Mfg(PBR643) names Nigel Francis VP Corp Planning, Jon Morrison as Pres, AAM N America. Click here for the AAM press release.

Fairchild Semiconductor(PBR1002) Chairman/CEO Mark Thompson to add President title after departure of Pres/COO Vijay Ullal. Click here for the FS press release.

In Nov US economy/housing outlook FreddieMac(PBR33) forecasts 2015 3.0% economy growth rate, 5% more housing sales. Click here for the FreddieMac press release.

Saturday, November 15:
Open enrollment for health care plans starts today through 12/15/14 for coverage starting 01/01/15. Click here for the HealthCare.gov website.

Friday, November 14:
DJIA closes week at 17,634.74, +0.35% from last Friday, 1.40% MTD, +3.47% QTD, +6.38% YTD.
NASDAQ closes week at 4,688.54, +1.21% from last Friday, +1.25% MTD, +4.34% QTD, +12.26% YTD.
SPX closes week at 2,039.82, +0.39% from last Friday, +1.08% MTD, +3.42% QTD, +10.36% YTD.

Hertz(PBR249) to buy 350,000 2015 vehicles, implement a $100 million cost reduction program, restate 2011-2013 financials. Click here for the Hertz press release.

Flowserve(PBR473) to acquire Netherland’s based engineered vacuum and fluid pumps provider SIHI Group BV for $372.5 million. Click here for the Flowserve press release.

Arthur J Gallagher(PBR648) acquires Richmond, VA, based human resource consulting services firm The Titan Group, terms not disclosed. Click here for the AJG press release.

Albemarle(PBR739) & Rockwood Holdings(PBR1006) shareholders approve merger, to close 1st quarter 2015. Click here for the Albemarle press release.

Kroger(PBR24) announces that its Ralphs Grocery Co to hire for 1,200 permanent positions in So. California. Click here for the Kroger press release.

Ashland(PBR331) elects Bill Wulfsohn, former Pres/CEO of Carpenter Technology(PBR836), as Chairman/CEO, effective 01/01/15, succeeds James O’Brien, who is retiring . Click here for the Ashland press release.

Carpenter Technology(PBR836) announces chairman Gregory Pratt to also be CEO again, effective immediately, replaces Bill Wulfsohn who is leaving to become chairman/CEO of Ashland(PBR331). Click here for the CT press release.

Thursday, November 13:
Berkshire Hathaway(PBR4) to acquire Duracell in exchange for Proctor & Gamble(PBR32) shares valued at $4.7 billion. Click here for the P&G press release.

Expedia(PBR491) completes acquisition of Australia based online travel company Wotif Group for $612 million. Click here for the Expedia press release.

Graham Holdings(PBR607) to do tax free spin-off of subsidiary Cable ONE as a separate public company in 2015. Click here for the GH press release.

Baker Hughes(PBR124) confirms it is in preliminary merger talks with Halliburton(PBR94). Click here for the BH press release.

AIG(PBR41) appoints Charlie Shamieh CEO Life, Health, and Disability Insurance; Alessa Quane named Corporate Chief Actuary. Click here for the AIG press release.

Diebold(PBR694) names Tom Signorello as SVP N American Sales & Mychal Kempt as VP Global Launch Management. Click here for the Diebold press release.

Rackspace(PBR983) appoints Todd Cione as Chief Revenue Officer. Click here for the Rackspace press release.

The US Dept of Labor reports that there were 4.7 million job openings at end of September, 5.0 million hires, & 4.8 million separations. Click here for the USDOL press release.

The US Dept of Labor reports that for the week ending 11/08/14 initial unemployment claims were 290,000, up 12,000 from the previous week. Click here for the USDOL press release.

Wednesday, November 12:
Cognizant Technology(PBR292) acquires Australia based digital solutions provider Odecee, terms not disclosed. Click here for the Cognizant press release.

BB&T(PBR252) to acquire top 50 bank PA based Susquehanna Bancshares for $2.5 billion cash & stock. Click here for the BB&T press release.

UnitedHealth Group(PBR14) forms Office of the CEO, announces senior leadership changes. Click here for the UHG press release.

An Enterprise Products(PBR56) subsidiary & Oiltanking Properties(NYSE: OILT) to merge, $6 billion total value in distributions. Click here for the EP press release.

Annaly Capital(PBR509) subsidiary acquires a portfolio of 11 properties with grocery-anchored shopping centers, total of 1.48 million sq ft. Click here for the Annaly press release.

Macerich(PBR1083) buys remaining 40% stake in Fashion Outlets of Chicago for $70 million, comes after October $205 million sale of South Towne Center in Sandy, UT. Click here for the Macerich press release.

The White House reports on US & China announcement on new actions to reduce carbon pollution. Click here for the White House press release.

The White House blog regarding President Obama’s plan for net neutrality. Click here for the White House press release.

The US Dept of Commerce reports preliminary September Wholesale Trade sales were at $454.3 billion, up 0.2% over August. Click here for the USDOC press release.

Tuesday, November 11:
It’s Veterans Day. A sincere Thank You to all Veterans for your service to our country.

Yahoo!(PBR495) to acquire video ads platform developer BrightRoll for $640 million cash. Click here for the Yahoo! press release.

Mondelez Intl(PBR84) to acquire 80% ownership in Vietnam’s leading confectionary provider Kinh Do Corp for $370 million. Click here for the Mondelez press release.

Fossil Group(PBR637) & fashion Michael Kors Holdings renew global licensing agreement through 2024. Click here for the Fossil press release.

Arthur J Gallagher(PBR648) acquires Arlington Heights, IL, retail insurance agency The Forker Company, terms not disclosed. Click here for the AJG press release.

Service Corp Intl(PBR754) increases share repurchase program to $300 million. Click here for the SCI press release.

Juniper Networks(PBR496) names 17 year company veteran Rami Rahim as CEO, effective immediately, takes over for Shaygan Kheradpir. Click here for the JN press release.

DeVry Education Group(PBR899) announces death of board chairman Dr. Connie Curran; Lyle Logan appointed interim board chair. Click here for the DeVry press release.

The White House provides Fact Sheet on APEC Regional Trade agreements reached in conference in China. Click here for the White House press release.

Monday, November 10:
Heartland Payment Systems(PBR853) acquires foodservice enterprise level POS software developer 25,000 user locations, $15 billion in transactions XPIENT Solutions, terms not disclosed. Click here for the HPS press release.

Arthur J Gallagher(PBR648) acquires Woodland Hills, CA, based SGB-NIA Insurance Brokers, terms not disclosed. Click here for the AJG press release.

The Assn of Professional Flight Attendants narrowly defeats a new contract with American Airlines. Agreement to go to arbitration starting 12/03/14. Click here for the APFA press release.

President Obama’s official statement on net neutrality: Click here for the Whitehouse press release.

Caesars Entertainment(PBR301) announces CFO Donald Colvin retiring on 12/31/14, Eric Hession to become CFO on 01/01/15. Click here for the Caesars press release.

Actavis(PBR297) announces that Maria Teresa(Tessa) Hilado to become CFO, effective 12/08/14, is leaving PepsiCo, & will take over for retiring R Todd Joyce. Click here for the Actavis press release.

Friday, November 7:
DJIA closes week at 17,573.93, +1.05% from last Friday & MTD, +3.12% QTD, +6.02% YTD.
NASDAQ closes week at 4,632.53, +0.04% from last Friday & MTD, +3.10% QTD, +10.92% YTD.
SPX closes week at 2,031.92, +0.69% from last Friday & MTD, +3.02% QTD, +9.93% YTD.

AT&T(PBR12) to acquire Mexico 8.6 million subscriber wireless provider lusacell for $2.5 billion. Click here for the AT&T press release.

Johnson & Johnson(PBR39) completes $1.75 billion cash buy of viral diseases developer Alios BioPharma. Click here for the J&J press release.

Sears Holdings(PBR81) announces possible REIT business plan through sale-leaseback of stores to bolster balance sheet. Click here for the Sears press release.

Estee Lauder(PBR242) to acquire ultraluxury fragrances company Editions de Parfums Frederic Malle, terms not disclosed. Click here for the EL press release.

Calpine Corp(PBR390) completes acquisition of Boston area natural gas-fired 809 Megawatt power plant from Exelon Corp(PBR108) for $530 million. Click here for the Calpine press release.

Bemis(PBR466) completes sale of its global Pressure Sensitive Materials unit(MACtac) to private equity firm Platinum Equity for $170 million. Click here for the Bemis press release.

Ford(PBR8) announces several senior leadership changes. Click here for the Ford press release.

Fastenal(PBR625) announces Willard Oberton is resigning as CEO on 12/31/14, will remain chairman, board elects president Leland Hein to be Pres/CEO on 01/01/15. Click here for the Fastenal press release.

The US Dept of Labor reports that October nonfarm employment was up 214,000 and the unemployment rate drops 0.1% to 5.8%. Click here for the USDOL press release.

The US Federal Reserve Board reports that consumer credit rose to a 6.5% annual rate during the 3rd quarter. Click here for the FRB press release.

Thursday, November 6:
New York Times(PBR976) launches in-school digital subscription program for K-12. Click here for the NYT press release.

Home Depot(PBR35) releases more information on data breaches, including 53 million email addresses. Click here for the HD press release.

Perrigo(PBR563) to buy Belgium based over-the-counter healthcare products company Omega Pharma NV for $4.5 billion cash & equity. Click here for the Perrigo press release.

Arthur J Gallagher(PBR648) acquires San Diego based Discovery Benefit Solutions, terms not disclosed. Click here for the AJG press release.

FreddieMac(PBR33) reports that 30 year fixed mortgage rates as of 11/06/14 averaged 4.02% with 0.5 points. Click here for the FreddieMac press release.

The US Dept of Labor in its preliminary report says that the non-farm labor productivity annual rate was up 2.0% during the 3rd quarter. Click here for the USDOL press release.

The US Dept of Labor reportsthat initial unemployment claims at 278,000, down 10,000 from previous week. 4 week moving average at 279,000. Click here for the USDOL press release.

The US Congressional Budget Office projects the US Dept of Defense 2015-2021 plans to cost an average of $47 billion more per year than provided in the Budget Control Act. Click here for the CBO press release.

Wednesday, November 5:
Motorola Solutions(PBR296) buys back $750 million of common stock from ValueAct Capital. Click here for the MS press release.

AES Corp(PBR171) wins 20 year contracts for 1,384MW of new power at existing California power plants. Click here for the AES press release.

Carnival(PBR173) to increase its fleet capacity by 10% with 4 new ships in the next 18 months. Click here for the Carnival press release.

Booz Allen Hamilton(PBR437) says Carlyle Group(PBR525) affiliate sold 10 million Class A shares to JPMorgan(PBR18), Carlyle will now own 37% of BAH Class A shares. Click here for the BAH press release.

Carlyle Group(PBR525) & coinvestors to acquire investment banking industry software & data platforms provider Dealogic for $700 million. Click here for the CG press release.

Babcock & Wilcox(PBR636) approves spin-off of Power Generation business into a separate publicly held company. Click here for the B&W press release.

Orbital Sciences(PBR1010) announces go-forward plan for NASA’s commercial resupply services program, updates last week’s failed launch. Click here for the OS press release.

Archer-Daniels-Midland(PBR27) Pres/COO Juan Luciano to become Pres/CEO on 01/01/15, Patricia Woertz to remain Chairman. Click here for the ADM press release.

Boise Cascade(PBR635) appoints EVP Tom Corrick as COO, effective immediately. SVP/CFO/Treas Wayne Rancort now an EVP. Click here for the BC press release.

Actavis(PBR297) announces CFO R Todd Joyce to retire in early 2015, exec search firm retained. Click here for the Actavis press release.

The US Dept of Labor reports that inflation adjusted compensation costs for private industry employees increased 0.6% over the past year. Click here for the USDOL press release.

Tuesday, November 4:
It’s Election Day. VOTE!!!

Plains All-American Pipeline(PBR68) & Enterprise Products(PBR56) in 50/50 Eagle Ford joint venture to expand pipelines, add new terminal. Click here for the PAAP press release.

Allergan(PBR391) responds to CA court decision to allow Valeant to vote its 9.7% ownership in the 12/18/14 special stockholders meeting re $54 billion offer. Click here for the Allergan press release.

Liberty Media(PBR570) completes spin-off of publicly held Liberty Broadband(NASDAQ: LBRDA, LBRDK), to start trading 11/05/14. Click here for the LM press release.

Sigma-Aldrich(PBR715) completes buy of invitro diagnostic antibody reagents & kits company Cell Marque. Click here for the S-A press release.

Applied Industrial Technologies(PBR782) has acquired supplier to W Texas upstream oil & gas facilities Ira Pump & Supply, terms not disclosed. Click here for the AIT press release.

The US Bureau of Census/Dept of Commerce reports that the September US international trade balance decreased to -$43.0 billion from -$40.0 billion in August(revised). Click here for the Census/Commerce press release.

The US Bureau of Census/Dept of Commerce reports that September new orders for manufactured goods was down $2.8 billion, or 0.6%, from August to $499.4 billion. Click here for the Census/Commerce press release.

Monday, November 3:
LabCorp(PBR418) to acquire Covance(PBR745) for $105.21/share, $5.6 billion. Click here for the LabCorp press release.

Aetna(PBR57) to acquire private healthcare shopping exchange technologies company bswift for $400 million. Click here for the Aetna press release.

Alcoa(PBR122) investing $190 million in Davenport Works, IA, facility, to expand aerospace/industrial applications. Click here for the Alcoa press release.

Estee Lauder(PBR242) completes acquisition of French heritage high end fragrancy & sensory lifestyle company Le Labo. Click here for the EL press release.

Agilent Technologies(PBR365) completes spin-off of electronic measurements business Keysight, now publicly trading under KEYS. Click here for the AT press release.

Blackstone Group(PBR372) & PAI Partners sell UK based United Biscuits to Yildiz Holding, terms not disclosed. Click here for the Blackstone press release.

Dr Pepper Snapple(PBR409) acquires assets of E Pennsylvania based Davis Bottling & Davis Beverage, terms not disclosed. Click here for the DrPS press release.

Frontier Communications(PBR492) expands strategic agreement with Intuit(PBR548) to provide support for online small business services for $100 million over 3 years. Click here for the FC press release.

Vornado Realty(PBR709) to sell 1740 Broadway for $605 million, completes acquisition of St Regis Avenue Retail. Click here for the VR press release.

Sigma-Aldrich(PBR715) announces 12/05/14 as stockholder special meeting date for vote on $17 billion acquisition by Germany based Merck. Click here for the S-A press release.

Chemtura(PBR828) completes $1 billion sale of its AgroSolutions unit to Platform Specialty Products(NR). Click here for the Chemtura press release.

AIG(PBR41) approves new $1.5 billion stock repurchase program. Click here for the AIG press release.

Centrus Energy(PBR1030), fka USEC, receives NYSE notice saying it is now in compliance for being listed. Click here for the CE press release.

Arrow Electronics(PBR129) names Gregory Tarpinian SVP, General Counsel, & Secretary, succeeds Peter Brown who is retiring. Click here for the AE press release.

Church & Dwight(PBR646) adds COO title to CFO Matthew Farrell. Click here for the C&D press release.

Barnes Group(PBR1068) announces the retirement of Chairman Thomas Barnes, scheduled for 12/31/14. Click here for the Barnes Group press release.

The US Dept of Commerce reports preliminary September Construction Spending Annual Rate was $950.9 billion, -0.4% from August, +2.9% from September, 2013. Click here for the USDOC press release.

Saturday, November 1:
The PBR1000 October 2014 Breaking News Recap has been released. Click here for the blog post.

(The PBR1000 is the premiere comparative data and reporting service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate over $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your annual subscription, just go to the PBRMarketTools.com Order page.)

(Photo courtesy of freedigitalphotos.net, franky242.)

Filed Under: Recaps Tagged With: , , , , , ,
« Previous Page
Next Page »