The PBR1000 May 2015 Breaking News Recap!

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.)

The PBR1000: The April 2015 Breaking News Recap!

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.)

The PBR1000: The February 2015 Breaking News Recap!

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.)

The PBR1000: The January 2015 Breaking News Recap!

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.)