The PBR1000: The March 2015 Breaking News Recap!

ID-100270408 Under Construction Supertrooper

After The 1st Quarter, 2015 Is Still Very Much Under Construction.

 

By Larry C. Paxton

With the end of March 2015 the 1st Quarter is in the books and it is with mixed results. The economy continues to show slow but steady progress, oil and key commodities prices were pretty stable, and reflected at the gas pump, which seems to have lead to higher consumer optimism about the future.  The Federal Reserve Board  continues to show restraint on raising interest rates, and justifiably so, based on their careful analysis. However, any whisper of an increase in interest rate creates a lot of volatility in the markets, with wide swings on several days throughout March. On the international scene the European Union seems focused on trying to find a resolution with Greece and its obligations, Ukraine is rarely in the news. China is trying to bolster its own economy which is still growing, but certainly not at the rapid pace of years past. The capturing the headlines towards the end of March were the nuclear power countries negotiating with Iran to delay or end its development of nuclear bomb material. So, there are some big question marks as we enter the second quarter, and these can result in huge opportunities or major setbacks, but will probably be somewhere in between. Based on results so far this year, 2015 is still very much under construction.

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

Tuesday, March 31:
DJIA closes month at 17,776.12, +0.36% from last Friday, -1.97% MTD, -0.26% QTD/YTD.
NASDAQ closes month at 4,900.89, +0.20% from last Friday, -1.26% MTD, +3.48% QTD/YTD.
SPX closes month at 2,067.89, +0.33% from last Friday, -1.74% MTD, +0.44% QTD/YTD.

IBM(PBR24) to invest $3 billion over 4 years to establish a new Internet of Things unit. IBM PR link.

Comcast(PBR44) & CFO Michael Angelakis to invest $4.1 billion to create new investment/operating global company. New CFO search starting. CMCSA PR link.

Arrow Electronics(PBR129) completes acquisition of 800 partners government sales specialist immixGroup. ARW PR link.

Charter Communications(PBR320) to acquire 6th largest US cable operator Bright House Networks for $10.4 billion. CHTR PR link.

CBRE Group(PBR346) to acquire Johnson Controls(PBR65) Global Workplace Solutions unit for $1.475 billion cash. CBG PR link.

RadioShack(PBR619) gets okay from bankruptcy judge to sell stores to hedge fund Standard General. Associated Press article PR link.

GNC(PBR739) selects agencies Consigliere, CROSSMEDIA, & 22squared for branding & marketing efforts. GNC PR link.

Macerich(PBR1090) rejects new $95.50/share, $23.5 billion unsolicited offer from Simon Property(PBR455). MAC PR link.

Chevron(PBR3) Vice Chairman & EVP Upstream George Kirkland to retire 06/15/15, Jay Johnson to become EVP Upstream. CVX PR link.

Cameron Intl(PBR269) appoints Justin Rounce as VP Marketing & Chief Technology Officer, reports to Chairman/CEO Jack Moore. CAM PR link.

Campbell Soup(PBR315) promotes Ed Carolan to SVP in new Integrated Global Services unit. CPB PR link.

Equifax(PBR817) promotes Trey Loughran to Chief Marketing Officer, succeeds Paul Springman who is retiring after 24 years. EFX PR link.

The US Dept of Commerce reports that the 4th Quarter 2014 US Net International Position was assets $24.7 billion, liabilities $31.6 billion, deficit of $6.9 billion. USDOC PR link.

Monday, March 30:
UnitedHealthcare(PBR14) OptumRx pharmacy care services unit to acquire pharmacy benefit management company Catamaran(PBR189) for $61.50/share, $12.8 billion. UNH PR link.

Archer-Daniels-Midland(PBR28) to acquire private Belgium based edible oils bottler/distributor AOR NV. ADM PR link.

Best Buy(PBR67) Canadian unit to close Future Shops, consolidate to 192 Best Buy locations, layoff 1,500 employees. BBY PR link.

Alcoa(PBR122) to curtail smelting capacity in Brazil by 04/15/15. AA PR link.

Avis Budget(PBR326) marks 100 million rental days in N America over past 12 months. CAR PR link.

Fortune Brands(PBR551) to acquire kitchen/bathroom cabinetry manufacturer Norcraft for $25.50/share, $600 million. FBHS PR link.

Perrigo(PBR564) completes buy of Belgium based over-the-counter healthcare products company Omega Pharma NV for $4.5 billion cash & equity. PRGO PR link.

American Tower(PBR625) completes acquisition of exclusive rights to 11,448 wireless communications sites from Verizon(PBR15) for $5 billion cash. AMT PR link.

GNC(PBR739) herbal products are in full compliance with FDA regulations, reaches agreement with the NY Attorney General for further testing. GNC PR link.

Tesla(PBR887) CEO Elon Musk tweets that there will be a major announcement on 04/30/15 regarding a new non-automotive product.

Enterprise Products(PBR56) announces CEO Mike Creel to retire 12/31/15; COO Jim Teague to become CEO; Fowler, Bulawa and Nelly promoted. EPD PR link.

Yahoo!(PBR500) hires Bryan Power as SVP Human Resources, reports to CEO Marissa Mayer. YHOO PR link.

TD Ameritrade(PBR651) CFO Bill Gerber retiring, hires Steve Boyle to be CFO in July. AMTD PR link.

New York Times(PBR982) promotes Kinsey Wilson EVP Product & Technology, reports to President/CEO Mark Thompson & Executive Editor Dean Baquet. NYT PR link.

The US Dept of Commerce reports that the February US Annual Personal Income was at $15.130 trillion, +3.9% over January, savings rate was at 5.8% of disposable income, was 5.5% in January. USDOC PR link.

Friday, March 27:
DJIA closes week at 17,712.66, -2.29% from last Friday, -2.32% MTD, -0.62% QTD/YTD.
NASDAQ closes week at 4,891.22, -2.69% from last Friday, -1.46% MTD, +3.28% QTD/YTD.
SPX closes week at 2,061.02, -2.23% from last Friday, -2.07% MTD, +0.10% QTD/YTD.

Chevron(PBR3) to sell off its 50% share in Caltex Australia. CVX PR link.

Johnson & Johnson(PBR39) Ethicon unit gets agreement to collaborate with Google(PBR46) on surgical robotics. JNJ PR link.

Dow Chemical(PBR48) to separate much of its chlor-alkali business which will merge with Olin Corp(PBR769) in $5 billion deal. DOW PR link.

Visteon(PBR338) receives antitrust approvals for sale of its 70% interest in S. Korea based 15,500 employee Halla Visteon Climate Control to Hahn & Co for $3.6 billion. VC PR link.

Dynegy(PBR1000) gets regulatory approval to buy 12,500 MW of coal & gas generation from Duke Energy(PBR111) & Energy Capital Partners(NR) for $6.25 billion. DYN PR link.

Davita Healthcare(PBR312) announces CFO Garry Menzel leaving, James Hilger named Interim CFO. DVA PR link.

Ascena Retail(PBR493) hires Brian Lynch as President/CEO of its Justice tween specialty retail unit. ASNA PR link.

QuikSilver(PBR925) President Pierre Agnes now CEO, Greg Healey promoted to President, founder Bob McKnight appointed Chairman. ZQK PR link.

Thursday, March 26:
Goodyear Tire(PBR137) has established its first Chinese development center in Pulandian. GT PR link.

Medtronic(PBR161) completes acquisition of minimally invasive hearing implant provider Sophono. MDT PR link.

Carnival Corp(PBR176) to add 9 new generation cruise ships over 4 year period starting in 2019. CCL PR link.

Dover(PBR295) selling its precision-engineered components Sargeant Aerospace & Defense unit to RBC Bearings(NASDAQ: ROLL) for $500 million. DOV PR link.

AAR Corp(PBR882) completes the sale of Telair Cargo Group to TransDigm(PBR798) for $725 million cash. AIR PR link.

Calumet Specialty(PBR443) promotes F William Grube to Executive Vice Chairman, hires Bill Hatch as Interim CEO, starting 04/01/15. CLMT PR link.

FreddieMac(PBR33) says 30 year fixed mortgage rates averaged 3.69% with 0.6 points in the last week. FreddieMac PR link.

Wednesday, March 25:
Comcast(PBR44) EVP/Chief Diversity Officer David Cohen says merger with Time Warner Cable(PBR125) moving to mid 2015 because of regulatory issues. CMCSA PR link.

Kraft Foods(PBR145) to be acquired by HJ Heinz with 51% ownership, to be Kraft Heinz, special $16.50/share dividend, $10 billion, to Kraft stockholders. KRFT PR link.

Brown-Forman(PBR575) increases share buyback program by $1 billion. BFB PR link.

Global Payments(PBR756) acquires European based Realex Payments for $110 million. GPN PR link.

Tuesday, March 24:
Merck(PBR63) adds $10 billion, total $11.7 billion, for shares buyback program. MRK PR link.

Hertz(PBR249) provides explanation for failure to file 10-K with SEC, has until 09/17/15. HTZ PR link.

Ross Stores(PBR260) to do 2:1 stock split on 06/11/15. ROST PR link.

AutoZone(PBR278) adds $750 billion to its ongoing shares buyback program. AZO PR link.

Group 1 Automotive(PBR291) has acquired $80 million/yr Dallas/Ft Worth area DFW Audi. GPI PR link.

Carlyle Group(PBR528) to acquire majority stake in 200 client $100 billion in assets Conifer Financial Services. CG PR link.

Lexmark Intl(PBR598) to acquire software developer Kofax(NASDAQ: KFX) for $11/share, $1 billion. LXK PR link.

Alliance One Intl(PBR804) responds to compliance issue by NYSE regarding strategies to get stock price at or above $1.00. AOI PR link.

Google(PBR46) hires Morgan Stanley(PBR81) CFO Ruth Porat as CFO, effective 05/26/15. GOOG PR link.

The US Dept of Labor reports that the February current average earnings/hr is $24.78, +0.1% from January, +2.0% from February, 2014 USDOL PR link.

The US Dept of Labor reports that the February Consumer Price Index-Urban was up 0.2% over January, 0.0% for the last 12 months. USDOL PR link.

The US Dept of HUD reports that February sales of new single family homes were at a 539,000 annual rate, +7.8% over January, +24.8% over February, 2014. HUD PR link.

Monday, March 23:
Humana(PBR71) to sell wholly owned subsidiary Concentra to a joint venture of Select Medical & Welsh Carson for $1.055 billion cash. HUM PR link.

American Electric Power(PBR177) to review strategic alternatives for its barge transportation business. AEP PR link.

Tenet Healthcare(PBR223) to own 50.1% of a joint venture with United Surgical to form largest US ambulatory surgery provider valued at $2.6 billion. THC PR link.

Tenet Healthcare(PBR223) to acquire UK based 9 hospital/clinic facilities Aspen Healthcare for $215 million cash. THC PR link.

Biogen Idec(PBR358) changes name to Biogen, keeps stock symbol. BIIB PR link.

ON Semiconductor(PBR710) changing its NASDAQ stock symbol from ONNN to ON on 04/06/15. ONNN PR link.

Carnival Corp(PBR176) promotes James Chedgy to VP, Global Financial Planning & Analysis, reports to Treasurer Josh Weinstein. CCL PR link.

The National Association of Realtors says February Existing Home Sales were at a 4.88 million annual rate, +1.2% over January, +4.7% over February, 2014. NAR PR link.

The White House issues a statement marking the 5th year anniversary of the signing of The Affordable Care Act, aka Obamacare. WH PR link.

Friday, March 20:
DJIA closes week at 18,127.65, +2.13% from last Friday, -0.03% MTD, +1.71% QTD/YTD.
NASDAQ closes week at 5,026.42, +3.17% from last Friday, +1.27% MTD, +6.13% QTD/YTD.
SPX closes week at 2,108.10, +2.66% from last Friday, 0.17% MTD, +2.39% QTD/YTD.

RadioShack(PBR619) notifies SEC of its intent to de-list from the NYSE on 03/31/15. RSHCQ PR link.

Macerich(PBR1090) confirms new $95.50/share, $23.5 billion unsolicited offer from Simon Property(PBR455). MAC PR link.

AVX(PBR1003) Chairman/CEO John Gilbertson resigning effective 03/31/15, John Sarvis to be promoted to CEO on 04/01/15. AVX PR link.

BOK Financial(PBR1023) announces resignation of COO Dan Ellinor, Stacy Kymes promoted to new position of EVP Corporate Banking. BOKF PR link.

Thursday, March 19:
American Express(PBR86) gets exclusive multi-year co-brand deal with Charles Schwab(PBR442). AMEX article link.

SeaWorld(PBR1002) hires Joel Manby to be CEO effective 04/07/15, David D’Alessandro to remain Chairman. SEAS article link.

FreddieMac(PBR33) says the 30 Year Fixed Mortgage Rate averaged 3.78% with 0.6 point for week ending 03/19/15, was 4.32% year ago. Freddie Mac PR link.

Wednesday, March 18:
Target(PBR38) employees to receive $9 minimum wage next month UPI article link.

Starbucks(PBR164) reaffirms 7 strategies to grow market cap to $100 billion, to test delivery services. SBUX PR link.

Starbucks(PBR164) announces 2:1 stock split after 04/08/15 closing. SBUX PR link.

Ocwen Financial(PBR881) to sell $9.6 billion portfolio of mortgage servicing rights to Green Tree(NR). OCN PR link.

ITT Educational(PBR1078) provides update on failure to file required 10-K report to SEC. ESI PR link.

TreeHouse Foods(PBR819) promotes Christopher Sliva to EVP/COO. THS PR link.

Tuesday, March 17:
Happy St. Patrick’s Day!

Actavis(PBR297) completes $70.5 billion acquisition of Allergan(PBR392), combined company expects $23 billion in 2015 revenues. ACT PR link.

Becton Dickinson(PBR305) completes $12.2 billion acquisition of CareFusion(PBR580). BDX PR link.

Charter Communications(PBR320) shareholders approve issuance of shares in transactions with Comcast(PBR44). CHTR PR link.

Brookdale Senior Living(PBR692) & HCP(PBR866) to acquire 35 private pay senior living communities from Chartwell Retirement Residences for $849 million. HCP PR link.

Greenbrier Cos(PBR839) gets $1.09 billion in orders for 10,100 railcars. GBX PR link.

Equinix(PBR852) to become an S&P 500 component after close on 03/20/15. EQIX PR link.

Macerich(PBR1090) board rejects Simon Property(PBR455) $91/share, $22.4 billion unsolicited offer, feels it was undervalued. MAC PR link.

Groupon(PBR750) hires Carol Campagnolo as SVP Human Resources & Jay Sullivan as SVP Consumer Product. GRPN PR link.

The Dept of HUD reports that preliminary February New Housing Permits were at a 1,092,000 annual rate, +3% over January, +7.7% over February 2014. HUD PR link.

Monday, March 16:
The PBR1000 February Snapshots, 15 analytical reports on 1,081 public companies in Excel format, has been released.

General Electric(PBR9) selling its GE Capital Australia & New Zealand Consumer Lending Business for $6 billion enterprise value to a consortium of investors that includes KKR(PBR272). GE PR link.

Henry Schein(PBR276) to become an S&P 500 component on 03/18/15. HSIC PR link.

Blackstone Group(PBR374) to acquire Chicago’s 3.8 million sf, 110 stories tall, 2nd tallest office building in the US, Willis Tower, terms not disclosed. BX PR link.

McGraw Hill(PBR482) S&P500 unit to add American Airlines Group(PBR103) to its index, will replace Allergan(PBR392) which is being acquired by Actavis(PBR297). MHFI PR link.

Babcock & Wilcox(PBR637) files registration statement to form an independent public spinoff of its power generation business. BWC PR link.

Diebold(PBR696) acquires Canada based ATM software developer 200 employee Phoenix Interactive. DBD PR link.

A. Schulman(PBR787) to acquire specialty engineered plastics company Citadel Plastics for $800 million. SHLM PR link.

Endo Health(PBR741) withdraws its $175/share, $11 billion cash & stock offer for Salix Pharmaceuticals(SLXP) because of competing Valeant bid. ENDP PR link.

Coca-Cola Enterprises(PBR317) EVP/Supply Chain Bill Douglas retiring, Ronald Lewis to rejoin as SVP/Supply Chain. CCE PR link.

Visteon(PBR338) President/CEO Timothy Leuliette to step down by end of 2015, search firm retained. VC PR link.

Spectrum Brands(PBR529) promotes COO Andreas Rouve to CEO, to succeed retiring Dave Lumly. SPB PR link.

Friday, March 13:
DJIA closes week at 17,749.31, -0.60% from last Friday, -2.11% MTD, -0.41% QTD/YTD.
NASDAQ closes week at 4,871.76, -1.13% from last Friday, -1.85% MTD, +2.87% QTD/YTD.
SPX closes week at 2,053.40, -0.86% from last Friday, -2.43% MTD, -0.27% QTD/YTD.

MGM Resorts(PBR270) promotes Nik Rytterstrom to General Manager of the Las Vegas Luxor Resort; Renee West, president of Luxor & Excalibur Resorts, to retire on 04/24/15. MGM PR link.

Facebook(PBR327) acquires shopping site TheFind. TheFind PR link.

The US Dept of Labor reports that private industry employers spent an average of $31.32/hr worked for employee compensation in December 2014, $46.50/hr for union workers. USDOL PR link.

The US Dept of Labor reports that the February Producer Price Index for final demand fell 0.5%, decreased 0.6% for the 12 months ended in February. USDOL PR link.

Thursday, March 12:
Amazon(PBR37) launches Amazon Exclusives store featuring new innovative products from popular up and coming brands, including some from TV show “Shark Tank.” AMZN PR link.

Dollar General(PBR153) to open new 730 stores in 2015, move/remodel 875 stores, has $1.2 billion available for shares buyback. DG PR link.

Gannett(PBR458) on track to spin-off new publicly held broadcasting/digital company in mid 2015. GCI PR link.

RadioShack(PBR619) in 8-K filing states that since it is in Chapter 11 stockholders should not expect to receive any recovery funds. RSHCQ PR link.

Children’s Place Retail(PBR934) in outlook says it expects to close 200 stores in 2013-2017. PLCE PR link.

Dollar General(PBR153) EVP/CFO David Tehle resigning effective 07/01/15, internal/external search starts. DG PR link.

FreddieMac(PBR33) reports that 30 year fixed mortgage rates averaged 3.86% with 0.6 point for week ending 03/12/15, 3.75% last week, 4.37% a year ago. FreddieMac PR link.

The US Dept of Commerce reports that advance estimate of February retail/food services sales were $437.0 billion, -0.6% from January, +1.7% above February 2014. USDOC PR link.

The US Dept of Treasury says February US government receipts were $139 billion, outlays $332 billion, deficit $192 billion, deficit YTD(5 mos) is $387 billion. Treasury PR link.

Wednesday, March 11:
United Technologies(PBR45) exploring strategic alternatives for its Sikorsky helicopter unit, including possible public spin-off. UTX PR link.

The US Federal Trade Commission charges DIRECTV(PBR90) with deceptively advertising the cost of its satellite television service. FTC PR link.

KKR(PBR272) to acquire Air Medical Group which handles 75,000 medical emergencies annually. KKR PR link.

PetSmart(PBR359) acquisition by a consortium led by pan-Euopean buyout investor BC Partners for $83/share, $8.7 billion cash is completed, being delisted from NASDAQ. PETM PR link.

Ingredion(PBR371) completes acquisition of specialty ingredients provider Penford Corp for $340 million. INGR PR link.

Endo Health(PBR741) makes unsolicited acquisition offer to Salix Phamaceuticals(SLXP) for $175/share cash & stock, $11 billion. ENDP PR link.

The US Federal Reserve Board completes evaluations of “stress tests”(CCAR) of major financial institutions. FRB PR link.

Because of the US Federal Reserve Board CCAR results the following organizations authorize shares buyback programs:
American Express(PBR86) up to $6.6 billion
Bank of America(PBR22) $4 billion
Bank of New York Mellon up to $3.1 billion
Citigroup(PBR26) up to $7.8 billion
Discover Financial(PBR281) up to $2.2 billion
JPMorgan Chase(PBR20) up to $6.4 billion
PNC Financial(PBR171) up to $2.875 billion
State Street(PBR259) up to $1.8 billion
US Bancorp(PBR131) $3 billion

FreddieMac(PBR33) in March US Economic/Housing Market Outlook says 2015 to be best year for home sales since 2007. FreddieMac PR link.

The US Dept of Labor reports that private industry employers spent an average of $31.32/hour worked in December 2014, $21.72/hour worked, $9.60/hour in benefits. USDOL PR link.

Tuesday, March 10:
Express Scripts(PBR21) reports that 2014 US prescription drug spending increased 13.1%, driven by Hepatitis C & compounded medications. ESRX PR link.

Target(PBR38) files 8-K announcing layoff of 1,700, to save $100 million. TGT PR link.

Actavis(PBR297) $66 billion acquisition of Allergan(PBR392) approved at both shareholders meetings, expected to close in 2-4 weeks. AGN PR link.

The Pantry(PBR331) shareholders approve acquisition by Quebec, Canada based Alimentation Couche-Tard for $36.75/share, $1.7 billion deal. PTRY PR link.

First Solar(PBR628) & SunPower(PBR772) forming 8point3 Energy Partners limited partnership to own/operate a portfolio of selected solar generation assets, IPO paperwork filed. FSLR PR link.

Sprouts Farmers Market(PBR789) announces closing of sale of all remaining shares held by affiliates of Apollo Global Management(PBR531). SFM PR link.

AmSurg(PBR1077) physician services division, Sheridan, completes acquisition of 50+ radiologists practice Radiology Associates of Hollywood, FL. AMSG PR link.

Google(PBR46) files 8-K regarding CFO Patrick Pichette’s retirement within next 6 months. GOOG PR link.

The US Dept of Labor reports that there were 5.0 million job openings on the last business day of January, little changed from December. Hires decreased to 5.0 million and separations were little changed at 4.8 million in January. USDOL PR link.

The US Dept of Commerce reports that January merchant wholesalers sales were $433.7 billion, down 3.1% from December, down 1.0% from the January 2014 level. USDOCL PR link.

Monday, March 9:
Apple(PBR4) announces Apple Watch, to be available 04/24/15 in 9 countries, retails for $349 to $10,000. AAPL PR link.

General Motors(PBR7) authorizes an initial $5 billion shares buyback program, targets $20 billion cash balance. GM PR link.

Macy’s(PBR97) completes acquisition of 60 locations luxury beauty products & spa services retailer Bluemercury for $210 million cash. M PR link.

QUALCOMM(PBR104) authorizes $15 billion shares buyback program, will use $10 billion over next 12 months. QCOM PR link.

Alcoa(PBR122) to acquire titanium & specialty metal products manufacturer RTI(NYSE: RTI) in a $1.5 billion stock deal. AA PR link.

Barnes & Noble(PBR388) investing in college study materials provider Flashnotes.com. BKS PR link.

Harbinger Group(PBR412) changes name to HRG Group; president Omar Asali adds CEO title. HRG PR link.

Simon Property(PBR455) proposes to buy fellow mall developer/manager Macerich(PBR1090) for $91/share, $22.4 billion, which includes $6.4 billion of debt. SPG PR link.

Gaming & Leisure Properties(NASDAQ: GLPI makes unsolicited $4.1 billion offer to buy Pinnacle Entertainment(PBR993) assets. GLPI PR link.

The US Congressional Budget Office estimates a deficit of 2.7% of GDP in 2015, 2.4% the next 3 yrs, then rise. By 2025 public debt is estimated to be at 77% of GDP. CBO PR link.

Friday, March 6:
DJIA closes week at 17,856.78, -1.52% from last Friday & MTD, +0.19% QTD & YTD.
NASDAQ closes week at 4,927.37, -0.73% from last Friday & MTD, +4.04% QTD & YTD.
SPX closes week at 2,071.26, -1.58% from last Friday & MTD, +0.60% QTD & YTD.

Dow Jones announces that Apple(PBR4) will replace AT&T(PBR12) on the DJIA on 03/19/15. DJ PR link.

Alcoa(PBR122) doing strategic review of smelting & refining capacity worldwide for possible divestiture. AA PR link.

PetSmart(PBR359) shareholders approve acquisition by a consortium led by pan-Euopean buyout investor BC Partners for $83/share, $8.7 billion cash, expected to close on 03/11/15. PETM PR link.

Orbital ATK(PBR494) designed & built Dawn spacecraft now orbiting dwarf planet Ceres. OA PR link.

NII Holdings(PBR495) announces a new restructuring plan to emerge from Chapter 11. NIHDQ PR link.

The US Food & Drug Administration approves its first biosimilar medication for use in the US, Sandoz’s Zarxio. FDA PR link.

The US Dept of Labor reports that Total Nonfarm Payroll Employment was up by 295,000 in February, the Unemployment Rate is at 5.5%. USDOL PR link.

The US Federal Reserve Board reports that January Consumer Credit increased at an annual rate of 4.25%, revolving credit -1.5%, nonrevolving credit +6.25%. FRB PR link.

The US Dept of Commerce reports that the January International Trade of Goods and Services deficit was $41.8 billion, down $3.8 billion from December. USDOC PR link.

Thursday, March 5:
3M(PBR92) releases revised paper policy providing leading-edge protection for forests, endangered species, and forest communities worldwide. MMM PR link.

SunEdison(PBR888) acquires energy storage operating projects, pipeline, and project origination team from Solar Grid Storage. SUNE PR link.

Airgas(PBR463) to promote SVP/HR Pamela Claypool to President, Airgas North Division up retirement of Shaun Powers in August, will report to Andrew Cichocki, President, Airgas USA. ARG PR link.

Clearwater Paper(PBR913) VP of Supply Chain Patrick Burke to become President, Consumer Products Division, upon retirement of Thomas Colgrove at end of the quarter. CLW PR link.

Centrus Energy(PBR1035) hires Daniel Poneman, former US deputy secretary of energy, as president/CEO. LEU PR link.

The US Dept of Labor reports that the 4th quarter 2014 Nonfarm Business Sector Labor Productivity decreased at a 2.2 percent annual rate, output increased 2.6 percent and hours worked increased 4.9 percent. USDOL PR link.

The US Dept of Commerce reports that New Orders for Manufactured Goods in January, down 6 consecutive months, was -$0.9 billion, or -0.2%, to $470.0 billion. USDOC PR link.

The PBR1000 Index for February is 298,638.22, +3.24% over January, -0.90% QTD/YTD, +21.46% over 12/31/13.

Wednesday, March 4:
McDonald’s(PBR96) USA announces new antibiotics policy & menu sourcing initiatives. MCD PR link.

AbbVie(PBR142) to acquire hematology oncology Imbruvica developer Pharmacyclics(NASDAQ: PCYC) for $21 billion. ABBV PR link.

Bristol-Myers Squibb(PBR165) gets FDA approval for lung cancer treatment Opdivo. BMY PR link.

Baxter Intl(PBR179) acquires German based private autoimmune& allergic disease treatment biopharma company SuperMol for $225 million. BAX PR link.

HanesBrands(PBR505) previously announced 4:1 stock split is effective today. HBI PR link.

Brocade Communication(PBR836) completes acquisition of Riverbed Technology’s(PBR1085) SteelApp assets. BRCD PR link.

Alcoa(PBR122) hires José Aurélio Drummond as President of Alcoa Latin America, effective 03/09/15. AA PR link.

AECOM(PBR309) CEO Michael Burke adds Chairman title, effective 03/04/15. ACM PR link.

ADP(PBR220) reports that the February private sector jobs increased by 212,000, down 38,000 from January. ADP PR link.

The US Federal Reserve Board releases latest Beige Book, reports moderate economic growth in most districts. FRB PR link.

Tuesday, March 3:
Citigroup(PBR26) selling its OneMain credit service to Springleaf(NYSE: LEAF) for $4.25 billion. C PR link.

Target(PBR38) to cut $2 billion in costs over next 2 years, grow digital channel by 40%/year, open stores with more flexible formats. TGT PR link.

Best Buy(PBR67) resumes authorized $5 billion shares buyback program, to use $1 billion over next 3 years. BBY PR link.

Alcoa(PBR122) completes acquisition of private German titanium products $100 million/yr, 600 employees, company TITAL. AA PR link.

Stryker Corp(PBR288) authorizes additional $2 billion shares buyback program to $583 million currently available. SYK PR link.

Arthur J Gallagher(PBR647) acquires NationAir Aviation Insurance of W Chicago, IL. AJG PR link.

Frontier Communications(PBR497) Pres/COO Daniel McCarthy to become Pres/CEO on 04/03/15, CEO Maggie Wilderotter to become Exec Chair. FTR PR link.

Hubbell(PBR646) hires Maria Lee as VP, Corporate Strategy & Investor Relations, reports to SVP/CFO William Sperry. HUBB PR link.

Brinker Intl(PBR688) hires Tom Edwards, Jr, as EVP/CFO, effective 03/16/15. EAT PR link.

Other News Highlights: House of Representatives passes the Homeland Security Funding bill passed by the Senate; Israeli Prime Minister Benjamin Netanyahu warns US of Iran nuclear threats in historic joint meeting of Congress.

Monday, March 2:
Costco(PBR18) enters multi-year co-brand credit card agreement with Citigroup(PBR26) & co-brand incentive agreement with VISA(PBR212). COST PR link.

Cardinal Health(PBR27) to acquire Johnson & Johnson’s(PBR39) cardiac/endovascular medical products unit Cordis for $1.944 billion cash. CAH PR link.

Arrow Electronics(PBR129) to acquire 800 partners government sales specialist immixGroup. ARW PR link.

eBay’s(PBR170) PayPal unit is acquiring mobile payments provider Paydiant for $280 million. EBAY PR link.

Avis Budget(PBR326) to acquire the largest independent Italian car rental company The Maggiore Group for $170 million. CAR PR link.

Boston Scientific(PBR349) to acquire urology portfolio from Endo Intl’s(PBR741) American Medical Systems unit for up to $1.65 billion cash. BSX PR link.

Arthur J Gallagher(PBR647) acquires NJ based wholesale brokers Excel Insurance Services & Metcom Excess. AJG PR link.

Heartland Payment Systems(PBR859) acquires private national payroll service provider Payroll 1. HPY PR link.

Lumber Liquidators(PBR1093) responds to “60 Minutes” episode regarding product safety issues. LL PR link.

Archer-Daniels-Midland(PBR28) makes several leadership appts, including div presidents, SVP, & CTO. ADM PR link.

AECOM(PBR309) hires Carla Christofferson as EVP, General Counsel. ACM PR link.

Axiall(PBR503) announces departure of George Biltz, Chief Strategy Officer, to take a CEO position in another company. AXLL PR link.

DeVry(PBR906) hires Lisa Sodeika as SVP External Relations, succeeds Sharon Thomas Parrott who is retiring. DV PR link.

The US Dept of Commerce reports that January Personal Income was at a $15.062 trillion annual rate, up 0.3% over December. USDOC PR link.

The US Dept of Commerce reports that January Construction Spending was at a $971.4 billion annual rate, -1.1% from December, +1.8% from January 2014. USDOC PR link.

Sunday, March 1:
The PBR1000: The February 2015 Breaking News Recap is available. Click here for the blog post.

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

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

(Photo courtesy of freedigitalphotos.net, Supertrooper.)

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.)

The PBR1000: The December 2014 Breaking News Recap!

ID-100302563 Oil Well-Stuart Miles

Oil Prices Continued To Drop At The End of 2014. What Does That Mean Short-Term and Long-Term?

By Larry C. Paxton

December 2014 finished on generally positive notes. The DJIA and S&P 500 finished at near their record highs, with the NASDAQ up significantly as well. The final numbers for holiday spending are not in, but initial indications are positive. 3rd quarter GDP numbers were revised up to a strong 5.0% annual rate. Most of the key indicators are preliminary, but reflect a mostly stable, though still fragile, US economy, and the envy of the rest of the world. Oil prices continued to drop significantly and the overall impact short term and long term are still a guess. Internationally the biggest news was the hacking of Sony along with an unnamed threat if the new movie, “The Interview,” was released. The primary suspect is North Korea.

Now we enter 2015 with some cautious optimism. Let’s get this show on the road!

Following are the December 2014 Breaking News items, from the latest date to the first:

Wednesday, December 31:
DJIA closes 2014 at 17,823.07, -1.28% from last Friday, -0.03% MTD, +4.58% QTD, +7.52% YTD.
NASDAQ closes 2014 at 4,736.05, -1.47% from last Friday, -1.16% MTD, +5.40% QTD, +13.40% YTD.
SPX closes 2014 at 2,058.90, -1.43% from last Friday, -0.42% MTD, +4.39% QTD, +11.39% YTD.

FreddieMac(PBR33) says 30 yr fixed rate mortgages finished last week of 2014 at an average of 3.87% with 0.6 points. Click here for the FreddieMac press release.

Eli Lilly(PBR121) completes $5.4 billion acquisition of Novartis Animal Healthcare. Click here for the Eli Lilly press release.

Spectrum Brands(PBR529) completes acquisition of Proctor & Gamble’s(PBR32) European based IAMs & Eukanuba pet food business, terms not disclosed. Click here for the SB press release.

Tuesday, December 30:
Clearwater Paper(PBR913) has sold its specialty products business & mills to Dunn Paper, terms not disclosed. Click here for the CP press release.

The US Dept of Commerce in its preliminary 3rd quarter report says that US international assets are at $24.6 trillion, liabilities at $30.8 trillion, -$6.2 trillion balance. Click here for the USDOC press release.

Monday, December 29:
Walgreen(PBR36) shareholders approve buy of 55% remaining of Alliance Boots, GmBH, reorganization with Walgreen as subsidiary of public Walgreen Alliance Boots(NASDAQ: WBA), to be completed by 12/31/14. Click here for the Walgreen press release.

Liberty Interactive(PBR233) & Liberty Media(PBR571) both extend contract of president/CEO Maffei through 2019. Click here for the Liberty Interactive press release.

Cars.com estimates new car sales at 1.51 million units in December, 16.86 million annual rate, forecasts 17.1 million in 2015. Click here for the Cars.com press release.

Friday, December 26:
DJIA closes week at 18,053.71(R), +1.40% from last Friday, +1.26% MTD, +5.93% QTD, +8.91% YTD.
NASDAQ closes week at 4,806.86, +0.87% from last Friday, +0.32% MTD, +6.98% QTD, +15.09% YTD.
SPX closes week at 2,088.77(R), +0.88% from last Friday, +1.03% MTD, +5.91% QTD, +13.01% YTD.

Thursday, December 25:
Stock Markets Closed.
Have a Merry and Blessed Christmas!

Wednesday, December 24:
FreddieMac(PBR33) reports that 30 year fixed mortgage rates averaged 3.83% with 0.6 points for the week ending 12/24/14. Click here for FreddieMac report.

The US Dept of Labor in its advance report says that for the week ending Dec 20 initial jobless claims were at 280,000, -9,000 from the previous week. The 4 week moving average was 290,250. Click here for the USDOL press release.

Tuesday, December 23:
Fun Fact: The PBR1000 Stock Index for the end of November was +5.26% over October, +20.97% YTD, +61.37% over YE2012. Click here for The PBR1000 November Stocks/Commodities Snapshot blog post.

Bristol-Myers Squibb(PBR165) receives FDA accelerated approval for melanoma cancer treatment Opdivo. Click here for the BMS press release.

Family Dollar(PBR252), because of lack of votes to adopt the Dollar Tree(PBR329) merger agreement, adjourns today’s special meeting of stockholders to 01/22/15. Click here for the Family Dollar press release.

Dollar General(PBR153) extends tender offer to acquire Family Dollar(PBR252) to 01/30/15. Click here for the Dollar General press release.

Keurig Green Mountain(PBR499) voluntarily recalling 7.2 million MINI Plus Brewers because of possible steam burns. Click here for the Keurig statement.

Vornado Realty Trust(PBR714) to spin-off subsidiary Urban Edge Properties as an independent public company on NYSE: UE in January. Click here for the Vornado statement.

GNC Holdings(PBR739) unveils an exclusive, multi-year ecommerce partnership with health & fitness publisher American Media. Click here for the GNC press release.

Equinix(PBR852) converting to a real estate investment trust(REIT) for tax purposes effective 01/01/15. Click here for the Equinix press release.

The US Dept of Commerce says, in 3rd estimate of the 3rd quarter, that GDP grew at an annual rate of 5.0%. Click here for the USDOC press release.

The US Dept of HUD estimates that November new home sales were at an annual rate of 438,000, -1.6% from revised October. Median sales price was $280,900. Click here for the HUD press release.

The US Dept of Commerce preliminary report says that November personal income was +0.4% over October, disposable personal income +0.3%. Click here for the USDOC press release.

DJIA closes over 18,000 for the first time at 18,024.17, 36th record of the year; S&P500 closes at 2,082.17, 51st record of the year.

Monday, December 22:
Boeing(PBR31) comments on Air China’s commitment for 60 737s for over $6 billion. Click here for the Boeing press release.

Anthem(PBR40) to acquire Florida based managed care Medicaid & Medicare programs provider Simply Healthcare, terms not disclosed. Click here for the Anthem press release.

Oracle(PBR75) to acquire digital marketing services company Datalogix, terms not disclosed. Click here for the Oracle press release.

DuPont(PBR83) to consolidate corporate headquarters at Chestnut Run Plaza in Wilmington, DE, on 07/01/15. Click here for the DuPont press release.

Abbott Labs(PBR127) completes $250 million acquisition of private electrophysiology technologies medical device company Topera. Click here for the Abbott press release.

Chesapeake Energy(PBR152) completes sale of Southern Marcellus & Utica Shale units to Southwestern Energy(PBR624) for a revised $4.975 billion; $1 billion common share buyback program approved. Click here for the CE press release.

Caesars Entertainment(PBR301) & Caesars Acquisition(NASDAQ: CACQ) to do an all stock merger with combined market capitalization of $3.2 billion; will still be controlled by affiliates of Apollo Global Management(PBR531) & TPG Capital. Click here for the Caesars press release.

Ocwen Financial(PBR881) reaches $150 million settlement with NY Dept of Financial Services, exec chairman/founder William Erbey to step down on 01/16/15. Click here for the Ocwen press release.

Actavis(PBR297) appoints Jonathan Kellerman as EVP, global chief compliance officer, reports to president/CEO Brent Saunders. Click here for the Actavis press release.

Ball Corp(PBR304) appoints Erik Bouts as SVP & COO/global metal beverage packaging, effective 02/01/15, reports to chair/pres/CEO John Hayes. Click here for the Ball press release.

President Obama promised that 2014 would be a year of action. What did he accomplish? Click here for the White House review.

The National Association of Realtors reports that the annual rate of existing home sales in November was down from October to 4.93 million. Click here for the NAR press release.

Friday, December 19:
DJIA closes week at 17,804.80, +3.03% from last Friday, -0.13% MTD, +4.47% QTD, +7.41% YTD.
NASDAQ closes week at 4,765.38, +2.40% from last Friday, -0.55% MTD, +6.05% QTD, +14.10% YTD.
SPX closes week at 2,070.65, +3.41% from last Friday, +0.15% MTD, +4.99% QTD, +12.03% YTD.

Safeway(PBR84) & Albertsons to sell 168 stores to satisfy FTC requirements for the merger to proceed. Click here for the Safeway press release.

Xerox(PBR128) is selling its information technology outsourcing business to France based Atos for $1.05 billion. Click here for the Xerox press release.

Estee Lauder(PBR242) to acquire Hollywood skincare brand GLAMGLOW, terms not disclosed, to close in 01/15. Click here for the EL press release.

Ally Financial(PBR290) announces that the US Treasury has sold its remaining 54.9 million shares invested through the TARP program. Click here for the Ally press release.

News Corp(PBR299) has acquired India based startup BigDecisions.com, terms not disclosed. Clickhere for the News Corp press release.

Subsidiary Caesars Entertainment(PBR301) Operating Company reaches agreement with 1st lien holder, debt restructuring program detailed. Click here for the Caesars press release.

Vornado Realty(PBR714) completes sale of 601k sf office building 1740 Broadway in Manhattan for $605 million. Click here for the Vornado press release.

Ferro Corp(PBR967) completes sale of majority of assets in Polymer Additives to HIG Capital for $154 million cash. Click here for the Ferro press release.

Boeing(PBR31) announces personnel & responsibility changes at corporate and International unit. Click here for the Boeing press release.

Thursday, December 18:
MacMillan Publishers CEO John Sargent comments on agreement for books & ebooks with Amazon(PBR37) that will go into effect on 01/05/15. Click here for the MacMillan/TOR press release.

DuPont(PBR83) files Form 10 to spin-off Performance Chemicals unit as publicly traded The Chemours Company. Click here for the DuPont press release.

Dover(PBR295) selling stationary and portable label/receipt printing unit Datamax O’Neil to Honeywell International(PBR73) for $185 million. Click here for the Dover press release.

The Pantry(PBR331) agrees to be acquired by Quebec, Canada based Alimentation Couche-Tard(TSX: ATD.A) for $36.75/share, $1.7 billion cash, includes assumed debt. Click here for the The Pantry press release.

Harman International(PBR448) to acquire German based 100 employee infotainment systems, connectivity, & car audio solutions technology firm S1nn GmbH, terms not disclosed. Click here for the Harman press release.

Arthur J Gallagher(PBR647) acquires national program broker Affinity Marketing Group, terms not disclosed. Click here for the AJG press release.

Hyster-Yale Materials(PBR732) acquires fuel cell stacks & hydrogen production/dispensing systems developer Nuvera Fuel Cells, terms not disclosed. Click here for the HYM press release.

Kraft Foods(PBR145) CEO Tony Vernon to retire on 12/27/14, chairman John Cahill elected to add CEO title at that time. Click here for the Kraft press release.

GATX(PBR1032) promotes Jim Conniff to SVP, Human Resources. Click here for the GATX press release.

FreddieMac(PBR33) in its weekly report says average 30 yr fixed mortgage rate is at a record low of 3.80% with 0.6 point, was 4.47% 1 year ago. Click here for the FreddieMac press release.

Wednesday, December 17:
DISH Network(PBR199) is the 1st major US pay-TV provider to integrate Netflix(PBR534) app on its set-top box. Click here for the DISH press release.

Visteon(PBR338) selling its 70% interest in S. Korea based 15,500 employee Halla Visteon Climate Control to Hahn & Co for $3.6 billion. Click here for the Visteon press release.

Alaska Air(PBR459) 3,400 flight attendants ratify new 5 year contract, among highest paid in the industry. Click here for the AA press release.

Constellation Brands(PBR483) completes $300 million acquisition of Mexico based Nava Glass, form 50/50 partnership with Owens-Illinois, & buy other nearby infrastructure assets. Click here for the CB press release.

BE Aerospace(PBR611) stockholders get 1 share in now public KLX(NASDAQ: KLXI) spin-off for each 2 shares held. Click here for the BEA press release.

Arthur J Gallagher(PBR647) acquires employee benefits, HR, & retirement plans consultation and brokerage Rockville, MD, based Independent Benefit Services. Click here for the AJG press release.

Curtiss-Wright(PBR771) sells its upstream oil & gas Cimarron Energy unit to Turnbridge Capital for $100 million. Click here for the C-W press release.

Coca-Cola Co(PBR59) appoints Julie Hamilton as Chief Customer & Commercial Leadership Officer, reports to chairman/CEO. Click here for the Coca-Cola press release.

Carnival Corp(PBR176) names Christine Duffy as president of Carnival Cruise Lines unit, reports to corporate CEO. Click here for the Carnival press release.

The US Dept of Labor reports that the November Consumer Price Index was -0.3% over October, mostly due to the decline in oil prices, +1.3% over the last 12 mos. Click here for the USDOL press release.

The US Dept of Labor reports that real average hourly earnings increased by 0.8 percent, seasonally adjusted, from November 2013 to November 2014. Combined with a 0.3 percent increase in the average workweek, the result is a 1.1 percent increase in real average weekly earnings over this period. Click here for the USDOL press release.

The US Federal Reserve Board releases its economic projections based on the Federal Open Market Committee meetings of 12/16-17/14. Click here for the FRB press release.

President Obama’s statement/video for charting a new course on Cuba. Click here for the White House press release.

Tuesday, December 16:
CVS Health(PBR13) adds $10 billion for multi-year common shares repurchase program, total $12.7 billion now available. Click here for the CVS press release.

Asbury Automotive(PBR449) has acquired $140 million/yr Texas Motors Ford, rebranding as David McDavid Ford Fort Worth. Click here for the AA press release.

Bloomin’ Brands(PBR555) to start paying quarterly dividends, starts $100 million share repurchase program, plans to open 40-50 new restaurants in 2015. Click here for the BB press release.

Abercrombie & Fitch(PBR559) sign 7 year exclusive deal for development of fragrances with Inter Parfums. Click here for the A&F press release.

Crown Castle International(PBR670) completes its merger with wholly owned subsidiary Crown Castle REIT. Click here for the CCI press release.

Cubic Corp(PBR1008) acquires modular networking/baseband communications equipment firm DTECH for up to $114.5 million. Click here for the CC press release.

FirstEnergy(PBR187) elects president/CEO Tony Alexander as executive chairman, Charles Jones to become new president/CEO, both effective 01/01/15. Click here for the FE press release.

WellCare Health Plans(PBR277) appoints Blair Todt as SVP, chief legal & administrative officer & secretary, effective 01/01/15, to report to CEO, succeeds SVP, general counsel & secretary Lisa Iglesias, who is leaving. Click here for the WellCare press release.

Actavis(PBR297) announces that upon the merger with Allergan(PBR392) Brent Saunders to be president/CEO, other global leadership appointments announced. Click here for the Actavis press release.

FreddieMac(PBR33) provides December US Economy/Housing Outlook, reviews 2014 predictions/results. Click here for the FreddieMac press release.

The US Census Bureau reports that privately-owned housing starts in November 2014 were at a seasonally adjusted annual rate of 1,028,000, 1.6 percent (+/- 8.1%)* below the revised October 2014 estimate of 1,045,000. Click here for the Census press release.

President Obama signs into law the $1.1 trillion 2015 spending bill passed by the House on 12/11/14 and the Senate on 12/13/14. Click here for the Voice of America summary.

Monday, December 15:
Express Scripts(PBR21) increases shares buyback program by 65 million shares, now at 205 million shares. Click here for the ES press release.

Archer-Daniels-Midland(ADM)(PBR28) is selling its global cocoa business to Olam International for $1.3 billion, to close in 2nd quarter 2015. Click here for the ADM press release.

Boeing(PBR31) increases share buyback program to $12 billion, increases dividend by 25%. Click here for the Boeing press release.

Pfizer(PBR53) making initial payment of $295 million to OPKO(NYSE: OPK) in global agreement to develop & commercialize long-acting human growth hormone hGH-CTP. Click here for the Pfizer press release.

Emerson Electric(PBR112) selling its power transmission solutions unit to Regal Beloit(PBR653) for $1.4 billion, to close in 1st quarter 2015. Click here for the EE press release.

Apache Corp(PBR169) selling its stake in the Wheatstone & Kitimat LNG projects to Woodside Petroleum(ASX: WPL) for $2.75 billion. Click here for the Apache press release.

AGCO(PBR246) authorizes new $500 million common share buyback program through 2016. Click here for the AGCO press release.

Davita Healthcare(PBR312) merging its 2 clinical research businesses into one unit, with an emphasis on kidney/renal related health issues. Click here for the Davita press release.

Avis Budget(PBR326) to combine 3 regions into 2, the Americas & International, related retirements & promotions announced. Click here for the AB press release.

Yahoo!(PBR500) completes $640 million acquisition of 400 employee video ads platform developer BrightRoll. Click here for the Yahoo! press release.

Arthur J Gallagher(PBR647) has acquired longtime NJ based retail insurance broker O’Gorman & Young, terms not disclosed. Click here for the AJG press release.

Ventas(PBR707) $2.6 billion acquisition of American Realty Capital Healthcare Trust(NASDAQ: HCT) expected to be completed in 01/15 after the ARC special stockholders meeting on 01/15/14. Click here for the Ventas press release.

LINN Energy(PBR810) completes sale of its Granite Wash & Cleveland Properties for $2.3 billion. Click here for the LINN press release.

SunCoke Energy(PBR964) to cut 175 jobs, reduce coal production in half, evaluating further coal mining business options. Click here for the SunCoke press release.

Riverbed Technology(PBR1085) to be acquired by private equity firm Thomas Bravo & the Ontario(Canada) Teachers Pension Plan for $21/share, $3.6 billion cash. Click here for the Riverbed press release.

Express Scripts(PBR21) EVP/CFO Cathy Smith leaving, James Havel to become EVP/Interim CFO on 01/02/15. Click here for the ES press release.

Humana(PBR71) appoints Cynthia Zipperle as SVP/Chief Accounting Ofcr/Controller, reports to SVP/CFO Brian Kane. Click here for the Humana press release.

AES Corp(PBR172) appoints acting COO Bernerd Da Santos as COO, effective 01/01/15. Click here for the AES press release.

Core-Mark(PBR271) SVP/Marketing Chris Hobson to also head up Sales, SVP/Corporate Development Scott McPherson to become SVP/Business Operations & Strategic Opportunities, both positions effective 01/01/15. Click here for the C-M press release.

WellCare Health Plans(PBR277) appoints president/COO Ken Burdick as CEO, effective 01/01/15. Click here for the WellCare press release.

Advanced Micro Devices(AMD)(PBR451) appoints James Clifford as SVP/Global Operations, reports to CEO Lisa Su. Click here for the AMD press release.

The US Federal Reserve Board preliminary report shows that November industrial production was +1.3% over October, +5.2% over November, 2013. Click here for the FRB press release.

Sunday, December 14:
PetSmart(PBR359) to be acquired by a consortium led by pan-Euopean buyout investor BC Partners for $83/share, $8.7 billion cash. Click here for the PetSmart press release.

Friday, December 12:
DJIA closes week at 17,280.83, -3.78% from last Friday, -3.07% MTD, +1.40% QTD, +4.25% YTD.
NASDAQ closes week at 4,653.60, –2.66% from last Friday, -2.88% MTD, +3.57% QTD, +11.42% YTD.
SPX closes week at 2,002.33, -3.52% from last Friday, -3.15% MTD, +1.52% QTD, +8.33% YTD.

Oil closes below $58, stock exchanges take a dive. Click here for the Oil(CLF5) current price.

Berkshire Hathaway(PBR5) is acquiring non-asset based 3rd party petroleum/chemicals logistics provider Charter Brokerage from Arsenal Capital Partners, terms not disclosed. Click here for the BH press release.

Abbott Labs(PBR127) completes acquisition of Russia based pharmaceutical developer Veropharm for $305 million. Click here for the Abbott Labs press release.

Arrow Electronics(PBR129) adds $200 million to its share buyback program, has used $1.2 billion since 2010. Click here for the AE press release.

Restaurant Brands International Inc. (TSX, NYSE: QSR) now owner of Burger King(PBR1063) & Canada based Tim Hortons brands, to start public trading on 12/15/14. Click here for the RBI press release.

AGCO(PBR246) SVP/GM of N. America, Robert Crain, to add S. America to responsibilities on 01/01/15. Click here for the AGCO press release.

The US Dept of Labor says the November Producer Price Index for final demand was -0.2%, +1.4% for past 12 months. Click here for the USDOL press release.

Thursday, December 11:
American Express(PBR86) & Delta Airlines(PBR78) agree to multi-year extension of their co-brand credit card program partnership. Click here for the AMEX press release.

Danaher(PBR139) completes acquisition of Swiss based Nobel Biocare. Click here for the Danaher press release.

Eastman Chemical(PBR282) completes the acquisition of $100 million/yr Commonwealth Laminating & Coating. Click here for the EC press release.

Assurant(PBR286) introduces Getaround auto rental service as part of new sharing economy services. Click here for the Assurant press release.

KBR(PBR344) to restructure into 3 business units, Tech/Consulting, Engineering/Construction, Government Services, by year end. Click here for the KBR press release.

Adobe Systems(PBR565) to acquire private photos & images website Fotolia from KKR(PBR272) for $800 million. Click here for the Adobe press release.

CONSOL Energy(PBR631) to pursue IPO for thermal coal business mid 2015, metallurgical business late 2015, authorizes $250 million shares buyback program. Click here for the CONSOL press release.

Armstrong World(PBR717) exiting European flooring business, DLW subsidiary filing for insolvency. Click here for the AW press release.

GrafTech(PBR1056) moving reduced 50 person global headquarters staff to Independence, OH, Innovation & Technology Center to Brooklyn Heights, OH, in 1st quarter, 2015. Click here for the GrafTech press release.

Crude light sweet oil(CLF5) closes at $59.95/barrel, new 5 year low. Click here for the current CLF5 price.

Kroger(PBR25) chairman David Dillon to retire on 12/31/14 after 38 years of company service, CEO Rodney McMullen to add chairman title on 01/01/15. Click here for the Kroger press release.

Caterpillar(PBR49) names new CIO, VP of Finance Services, & VP of Strategic Services. Click here for the current Caterpillar press release.

CBS Corp(PBR178) president/CEO Leslie Moonves gets new contract extending term to 06/30/19. Click here for the CBS press release.

Arch Coal(PBR671) names Matt Giljum VP/Finance & Treasurer upon retirement of Jim Florczak at end of January, 2015. Click here for the AC press release.

SeaWorld(PBR1002) chairman David D’Alessandro to add interim CEO title on 01/15/15, CEO Jim Atchison to become vice chairman. Click here for the SeaWorld press release.

The US Dept of Commerce advance estimate says November Retail & Food Sales were $449.3 billion, +0.7% over October, +5.1% over November, 2013. Click here for the USDOC press release.

The US Dept of Labor reports that November import prices -1.5%, -1.2% in October, both decreases driven by declining fuel prices. Click here for the USDOL press release.

The US Dept of Commerce reports that the October combined value of distributive trade sales & manufacturers’ shipments is estimated at $1,350.9 billion, -0.1% from September, +3.4% from October, 2013. Click here for the USDOC press release.

The US Federal Reserve Board says in the Z1 Funds Flow 3rd Quarter Report that the net worth of households & nonprofits dipped slightly to $81.3 trillion from the 2nd quarter. Click here for the FRB press release.

Wednesday, December 10:
Baxter International(PBR179) files initial Form 10 with SEC to spinoff Baxalta biopharmaceuticals unit in mid 2015, will have 20% ownership. Click here for the Baxter press release.

Actavis(PBR297) launches generic version of Pfizer’s(PBR53) Celebrex. Click here for the Actavis press release.

Mylan(PBR360) launches one of first generic versions of Celebrex, $2.5 billion/yr US market, has 286 ANDAs waiting FDA approval. Click here for the Mylan press release.

Alliance Data(PBR540) completes $2.3 billion cash & stock acquisition of digital marketing company Conversant. Click here for the AD press release.

First Solar(PBR628) enters residential market with investment in community solar solutions developer Clean Energy Collective, terms not disclosed. Click here for the First Solar press release.

Walmart(PBR1) US division COO Gisel Ruiz promoted to EVP of the International People division, reports to division pres/CEO David Cheesewright. US division Chief Development Officer Judith McKenna promoted to US division COO, reports to division president/CEO Greg Foran. Click here for the Walmart press release.

Walgreens(PBR38) CEO Greg Wasson to retire after completion of merger with Alliance Boots, successor leadership announced. Click here for the Walgreens press release.

MetLife(PBR42) announces that Esther Lee to join as EVP/Global Marketing Officer on 01/12/15, reports to chairman/president/CEO Steven Kandarian. Click here for the MetLife press release.

The US Dept of the Treasury reports November receipts of $191.4B, outlays of $248.3B, deficit of $56.8B. Click here for the Treasury press release.

The US Dept of Commerce releases 3rd Quarter Services Revenues Estimates for 12 services categories. Click here for the USDOC press release.

The US Dept of the Treasury in its says Lifetime Costs have been $426.3 billion of $475 billion authorized, has recovered $14 billion more than cost. Click here for the USDOT report.

Tuesday, December 9:
Discovery Communications(PBR433) to let Hulu stream many of its popular shows starting 01/01/15 in wide ranging agreement. Click here for the DC press release.

Advanced Micro Devices(AMD)(PBR451) to move from NYSE to NASDAQ on 01/02/15. Click here for the AMD press release.

Hudson City Bancorp(PBR1014) & M&T Bank Corp(PBR514) agree to extend merger deadline from 12/31/14 to 04/30/15. Click here for the M&T press release.

Belden(PBR868) to acquire global cybersecurity firm Tripwire for $710 million. Click here for the Belden press release.

Expedia(PBR491) & Airlines Reporting Corporation in 2015 Flight Predictions report say fares in US/Europe to drop slightly. Click here for the Expedia press release.

United Technologies(PBR45) welcomes back Akhil Johri as new SVP/CFO, reports to pres/CEO Gregory Hayes. Click here for the UT press release.

Delta Air Lines(PBR78) promotes Ranjan Goswami to VP Sales-West Coast, a new position. Click here for the Delta press release.

Abercrombie & Fitch(PBR557) CEO Michael Jeffries retires effectively immediately, Arthur Martinez appointed executive chairman, Office the Chairman group formed for day-to-day operations, new CEO search starts. Click here for the A&F press release.

Buckle(PBR1061) announces leadership changes in merchandising & finance areas. Click here for the Buckle press release.

Conn’s, in 3rd quarter report, announces VP/Chief Accounting Officer Mark Haley is now interim CFO, effective immediately, upon departure of Brian Taylor. Click here for the Conn’s press release.

OECD reports Foreign Direct Investment flows continued to struggle in the 1st half of 2014. Click here for the OECD press release.

The US Dept of Labor preliminary report shows that end of October Job Openings was at 4.8 million, 5.1 million job hires, & 4.8 million job separations. Click here for the USDOL press release.

The US Dept of Commerce reports in preliminary Wholesale Monthly Trade report that October sales were $454.6B, +0.2% over Sept. Click here for the USDOC press release.

Monday, December 8:
Merck(PBR63) to acquire antibiotics developer & marketer Cubist Pharmaceuticals(NASDAQ: CBST) for $102/share in cash, $9.5 billion total deal. Click here for the Merck press release.

EOG Resources(PBR193) sells off majority of Canadian assets for $410 million. Click here for the EOG press release.

CBRE Group(PBR347) acquires 200+ employee real estate consulting & advisory service IVI International, terms not disclosed. Click here for the CBRE press release.

Blackstone Group(PBR372) is selling its San Francisco Peninsula & Silicon Valley offices portfolio properties to Hudson Pacific Properties(NYSE: HPP) for $3.5 billion cash & stock. Click here for the Blackstone press release.

Asbury Automotive(PBR449) acquires Atlanta, GA, suburb new car dealership Sandy Springs Ford, does $110 million/yr. Click here for the Asbury press release.

Hyatt Hotels(PBR546) sells 644 room Vancouver(Canada) Hyatt Regency to InnVest for $123 million/$190,000 per key, will remain a Hyatt Regency. Click here for the Hyatt press release.

CareFusion(PBR580) sets 01/21/15 for special stockholders meeting to vote on the $12.2 billion merger deal with Becton Dickinson(PBR319). Click here for the BD press release.

Greenbrier Cos(PBR931) receives 14,100 in new railcar orders in its 1st quarter, valued at $1.24 billion. Click here for the Greenbrier press release.

FannieMae(PBR33) & FreddieMac(PBR16) announce new 3% down programs for new homebuyers. Click here for the FannieMae press release. Click here for the FreddieMac press release.

C.H. Robinson(PBR210) announces CFO & CIO transitions. Click here for the CHR press release.

JetBlue(PBR441) appoints Alexander Chatkewitz as VP/Controller, reports to Jim Leddy, SVP/Treasurer. Click here for the JetBlue press release.

Brinker International(PBR686) appoints Scarlett May as SVP/General Counsel & Secretary, effective 12/15/14. Click here for the BI press release.

Darling Ingredients(PBR942) announces that Chief Synergy Officer John Muse to reassume his CFO position, effective immediately, upon resignation of Colin Stevenson. Click here for the DI press release.

Friday, December 5:
DJIA closes week at 17,958.79, +0.73% from last Friday & MTD, +5.37% QTD, +8.34% YTD.
NASDAQ closes week at 4,780.76, -0.23% from last Friday & MTD, +6.40% QTD, +14.47% YTD.
SPX closes week at 2,075.37, +0.38% from last Friday & MTD, +5.23% QTD, +12.28% YTD.

Lockheed Martin(PBR61) Orion spacecraft has successful 1st test in goal of manned journey to Mars. http://lmt.co/1tZlgm4.

Eastman Chemical(PBR280) completes acquisition of specialty chemical company Taminco(NYSE: TAM) for $2.8 billion. Click here for the Eastman Chemical press release.

Dollar Tree(PBR328) provides an update on FTC’s review of acquisition of Family Dollar(PBR254), issues involved with Dollar General(PBR154) bid. Click here for the Dollar Tree press release.

Dollar General(PBR154) responds to the Dollar Tree(PBR328) update regarding DT’s proposed acquisition of Family Dollar(PBR254). Click here for the Dollar General press release.

LabCorp(PBR418) completes the acquisition of DNA testing services Bode Technology Group from SolutionPoint International. Click here for the LabCorp press release.

Apollo Education Group(PBR595) enters Brazil with 75% acquisition for $28 million of education provider FAEL. Click here for the AEG press release.

Sigma-Aldrich(PBR715) stockholders approve acquisition by Germany based Merck KGaA for $140/share, $17 billion cash, expected to close mid 2015. Click here for the S-A press release.

Genesco(PBR736) announces that SVP/CFO James Gulmi is retiring at the end of the FY, will be succeeded by Mimi Vaughn, SVP/Strategy & Shared Services. Click here for the Genesco press release.

The US Dept of Commerce reports that the internationall trade of goods & services deficit was $43.4 billion in October, -$0.2 billion from a revised September. Click here for the USDOC press release.

The US Dept of Labor reports that total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8%. Click here for the USDOL press release.

The US Federal Reserve reports that the preliminary annual rate of Consumer Credit for October was at $882.6 billion revolving, $2,396.3 billion non-revolving. Click here for the FRB press release.

The US Dept of Commerce reports new orders for manufactured goods in October decreased $3.3 billion, or 0.7%, to $496.6 billion. Click here for the USDOC press release.

Thursday, December 4:
Best Buy(PBR67) selling its China based Five Star business to Jiayuan Group, does not affect private label operations in China. Click here for the Best Buy press release.

The Hershey Co(PBR348) has acquired Ontario, Canada, based confectionary products manufacturer The Allan Candy Company, terms not disclosed. Click here for the Hershey press release.

Barnes & Noble(PBR386) to acquire Microsoft(PBR30) preferred investment in NOOK Media, agree to terminate commercial agreement. Click here for the BN press release.

Keurig Green Mountain(PBR532) to acquire remaining 85% of equity of hot/cold dispenser developer MDS Global(dba Bevyz) for $220 million. Click here for the KGM press release.

Church & Dwight(PBR646) completes acquisition of the assets of manufacturer & seller of livestock feeds company VI-COR. Click here for the C&D press release.

Arthur J Gallagher(PBR648) acquires Brisbane, Australia, insurance broker Blue Holdings, no terms disclosed. Click here for the AJG press release.

Eastman Kodak(PBR798) reorganizing into 5 divisions, names division leaders & corporate functional leaders. Click here for the Kodak press release.

Walgreens(PBR38) names Linda Filler as president of retail products & chief merchandising officer, effective 01/01/15. Click here for the Walgreens press release.

Dupont(PBR82) names Matthias Heinzel as president of Nutrition & Health, effective 01/01/15, succeeds Craig Binetti, who is retiring. Click here for the Dupont press release.

Halliburton(PBR94) announces integration leadership team for the Baker Hughes(PBR124) acquisition. Click here for the Halliburton press release.

Bemis(PBR466) elects Mike Clauer as VP/CFO. Click here for the Bemis press release.

FreddieMac(PBR33) reports that the average 30 year fixed mortgage rate was 3.89% with 0.5 points on 12/04/14. Click here for the FreddieMac press release.

The US Dept of Labor reports that Unemployment Insurance Claims for the week ending 11/29/14 was 297,000, 4 week moving average was 299,000. Click here for the USDOL press release.

Wednesday, December 3:
Wellpoint(PBR40) corporate name is now Anthem, Inc, now trading with symbol ANTM. Click here for the Anthem press release.

NextEra Energy(PBR178) to acquire Hawaiian Electric(HEI)(PBR639) as a 3rd unit for $4.3 billion. HEI to spinoff American Savings Bank as a separate public company. Click here for the NextEra press release.

Corning(PBR330) announces $1.5 billion shares buyback program by end of 2016, 4th buyback program since 2011, $7 billion total. Click here for the Corning press release.

Cliffs Natural Resources(PBR421) selling its W Virginia Logan County coal assets to Coronado Coal for $175 million cash. Click here for the CNR press release.

General Dynamics(PBR91) elects S Daniel Johnson as EVP IT & Technology, effective 01/01/15, upon retirement of David Heebner. Click here for the GD press release.

Devon Energy(PBR253) president/CEO John Richels to retire on 07/31/15, COO Dave Hager to become CEO on 08/01/15. Click here for the DE press release.

The US Federal Reserve Board releases the Beige Book, an informal economic summary of the 12 districts, sees positive signs overall across all business segments. Click here for the Beige Book content.

The US Dept of Labor revises 3rd quarter nonfarm labor productivity, +2.3% annual rate, output +4.9%, hours worked +2.5%. Click here for the USDOL press release.

ADP(PBR217) reports +208,000 net new jobs in November, 101,000 from small companies, 65,000 from medium sized companies, 42,000 from large companies. 185,000 jobs were from the services providing industries, 17,000 from goods producing industries. Click here for the ADP press release.

Tuesday, December 2:
Auto Industry:
GM(PBR7) sells 225,818 vehicles in November, +6% from 2013, annual rate at 17.1M vehicles. Click here for the GM press release.
Ford(PBR8) sells 187,000 vehicles in Nov, -2% from 2013. Record sales for Escape, Explorer & Mustang. Click here for the Ford press release.
Chrysler(NR, foreign held) sells 170,839 vehicles in November, +20% over 2013, estimated 17.5 million annual rate. Click here for the Chrysler press release.

Home Depot(PBR35) to purchase assets of fasteners & builders hardware supplier to US retailers HD Supply Hardware Solutions(fka Crown Bolt), terms not disclosed. Click here for the HD press release.

Lockheed Martin(PBR61) statement on completion of acquisition of healthcare IT solutions for the government provider Systems Made Simple. Click here for the Lockheed press release.

MasterCard(PBR307) to start new $3.75 billion shares buyback program upon completion of $275 million remaining from the current $3.50 billion program. Click here for the MasterCard press release.

Corning(PBR330) to acquire Samsung fiber optics & cable business in S Korea, China, & SE Asia, terms not disclosed. Click here for the Corning press release.

Freescale Semiconductor(PBR545) acquires advanced HD content processing ICs developer Zenverge, terms not disclosed. Click here for the FS press release.

Brink’s(PBR575) reorganized from 4 geographic segments to 2 operating segments, makes leadership changes. Click here for the Brink’s press release.

RadioShack(PBR617) responds to lender covenant breaches claims, updates turnaround plan progress. Click here for the RadioShack press release.

Ferro Corp(PBR962) completes acquisition of Italian tile coatings manufacturing firm Vetriceramici for $108 million cash. Click here for the Ferro press release.

The Dept of Commerce reports that preliminary October Total Construction Activity at a $971 billion annual rate, +1.1% over revised September. Click here for the USDOC press release.

Monday, December 1:
Welcome to Cyber Monday!

The PBR1000 November 2014 Breaking News Recap has been released. Click here for the blog post.

Pfizer(PBR53) completes acquisition of vaccines unit of Baxter International(PBR177) for $635 million. Click here for the Pfizer press release.

Medtronic(PBR162) raising $17 billion in 7 private placements of senior notes to help finance Ireland based Covidien acquisition. Click here for the Medtronic press release.

C.H. Robinson(PBR210) to acquire private freight broker Freightquote.com for $365 million cash, to close in 1st quarter 2015. Click here for the CHR press release.

Huntsman Corp(PBR237) restructuring its pigments & additives business, reducing workforce by 900. Click here for the Huntsman press release.

Group 1 Automotive(PBR291) buying 3 UK based BMW/MINI dealerships, making a total of 17 UK dealerships, $1.3 billion in annual sales. Click here for the G1A press release.

Fidelity National Financial(PBR300) to acquire home warranty, home inspections, and commercial inspections provider BPG Holdings, terms not disclosed. Click here for the FNF press release.

Ashland(PBR331) completes the sale of its elastomers business to Lion Copolymer, terms not disclosed. Click here for the Ashland press release.

Mylan(PBR360) to manufacture & distribute Gilead Sciences(PBR236) HIV drug. Click here for the Mylan press release.

Blackstone Group(PBR372) selling its wholly-owned US industrial platform, IndCor Properties, to Singapore based sovereign wealth fund GIC for $8.1 billion. Click here for the Blackstone press release.

Apollo Global Management(PBR527) to acquire IT infrastructure provider Presidio Holdings, which has 6,000 clients, terms not disclosed. Click here for the ApolloGM press release.

Arthur J Gallagher(PBR648) acquires Australian insurance broker/risk management services firm Instrat Insurance Brokers. Click here for the AJG press release.

ON Semiconductor(PBR706) authorizes $1 billion shares buyback program over 4 years. Click here for the ON Semiconductor press release.

AOL(PBR805) to acquire digital media cross-screen video management & exchange program provider Vidible. Click here for the AOL press release.

Aetna(PBR57) appoints Karen Rohan as president, reports to CEO, will oversee national, government, & specialty businesses. Click here for the Aetna press release.

HSN(PBR618) appoints Jeffrey Kuster as president of Cornerstone & executive director of HSNi, reports to CEO. Click here for the HSN press release.

Citrix Systems(PBR683) appoints Geir Ramleth as SVP & Chief Strategy Officer, reports to CEO. Click here for the Citrix press release.

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

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

The PBR1000: The November 2014 Stocks/Commodities Snapshot

ID-100106700 Christmas Stock Market-imagerymajesticBy Larry C. Paxton

The PBR1000 November 2014 Snapshots include news and stock data through November 30th and annual 10-K reports filed with the SEC from 2013 through September 2014.  Also, the latest The PBR1000 includes a new ranking by revenues of the 1,093 companies tracked.

A sample of The PBR1000 May 2014 Snapshot is available for download at the top of the “Sample Snapshots” page.

The tables below are compiled from The PBR1000 November 2014 Snapshots, with 14 reports. Current The PBR1000 Subscribers should have already received the report.

November continued the end of October’s lead with the stock exchanges finishing at record levels. With all the negative campaign ads that went on and on for months, the historical drop in mid-term election years did not happen. Perhaps that is because with President Obama’s approval ratings at a low point, influenced by the continued steady but tepid and fragile recovery, the Republican victories in both congressional houses with a majority now in both, and winning a significant number of governorships, the result was not unexpected. A surprising development is the continued significant drop in oil prices.  What will be the effect on the US and world economies? Time will tell. Now the consumer interest will be on the holidays and finding those perfect gifts for loved ones. It will be an interesting season for retailers. What will be the growth of online shopping? How safe are stores and online purchases with debit and credit cards, who will make the headlines of The Big Hack Daily News?

The staff of PBRMarketTools.com wish you and yours a joyful and blessed Holiday Season, and a happy and prosperous New Year!

In the following tables the stock price is for the close of trading on November 30th, Month % Chg is compared to October 31st, YTD % Chg is compared to December 31, 2013, and the 23 Mos % Chg is compared to December 31, 2012.

Table 1: The PBR1000 Stock Price Composite

Table 1 Summary: Made up of the sum of the stock prices of the 1,093 companies currently tracked by The PBR1000.

Company Price
11/30/14
Mo
% Chg
YTD
% Chg
23 Mos
% Chg
The PBR1000 298,106.83 +5.26 +20.97 +61.37

 

Table 2: The PBR1000 Top 5 Month Stock Price % Gainers

Table 2 Summary: The range was +39.13% to -52.61%. 747 out of 1,093 stock prices were up 0.00% or more, or 68.34% of the companies tracked. The median was a gain of +2.38%

Company PBR
Rank
Symbol Price
11/30/14
Mo
% Chg
YTD
% Chg
23 Mos
% Chg
Caesars Entertainment
301 CZR 16.96 +39.13 -21.26 +145.09
Walter Energy
920 WLI 3.18 +31.95 -80.88 -91.14
Michael’s Stores
513 MIK 24.06 +31.62 n/a n/a
Scientific Games
1075 SGMS 15.14 +28.63 -10.57 +74.63
Covance
747 CVD 102.62 +28.44 +16.53 +77.64

 

Table 3: The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 3 Summary: Range was +183.14% to -97.67%. 697 out of 1,088 stock prices were up 0.00% or more, or 64.06% of the companies tracked. The median was a gain of 7.62%.

Company PBR
Rank
Symbol Price
11/30/14
Mo
% Chg
YTD
% Chg
23 Mos
% Chg
RF Micro Devices
1062 RFMD 14.61 +12.30 +183.14 +226.12
Southwest Airlines
150 LUV 41.82 +21.29 +121.97 +308.40
Hawaiian Holdings
849 HA 20.29 +17.01 +110.70 +208.83
Pilgrim’s Pride
307 PPC 32.30 +13.69 +98.77 +346.13
Edwards Lifesciences
879 EW 129.68 +7.24 +97.20 +43.82

 

Table 4: The PBR1000 Top 5 22 Months Stock Price % Gainers

Table 4 Summary: Range was +842.31% to -99.10%. 941 out of 1,072 stock prices were up 0.00% or more, or 87.78% of the companies tracked. The median was a gain of 41.20%.

Company PBR
Rank
Symbol Price
11/30/14
Mo
% Chg
YTD
% Chg
23 Mos
% Chg
Fannie Mae 17 FNMA 2.45 +12.90 -18.60 +842.31
Freddie Mac 33 FMCC 2.39 +16.02 -17.59 +819.23
Tesla Motors
887 TSLA 244.52 +1.17 +62.55 +621.94
SunEdison
888 SUNE 21.65 +10.97 +65.90 +574.45
Micron Technology
166 MU 35.95 +8.64 +65.29 +467.03

 

Table 5: The PBR1000 Selected Stock Exchanges/Commodities

Company Price
11/30/14
Mo
% Chg
YTD
% Chg
23 Mos
% Chg
DJIA 17,828.24 +2.52 +7.55 +36.05
NASDAQ 4,791.63 +3.47 +14.73 +58.69
S&P500 2,067.56 +2.45 +11.86 +44.97
Gold 1,175.50 +0.17 -2.23 -30.11
Silver 15.56 -3.77 -19.67 -48.75
Oil 66.15 -18.03 -32.79 -29.40

 

Have questions on The PBR1000 or The PBR US Indices Monthly Snapshot? Please contact us at Sales@PBRMarketTools.com or call us at 520-282-4100.

(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 imagerymajestic/FreeDigitalPhotos.net)

The PBR1000: The November 2014 Breaking News Recap!

ID-100190796 Santa Business Meeting-franky242

Santa asks the Board, “Has the year been naughty or nice?”

 

By Larry C. Paxton

November 2014 was a very eventful month, starting with the US elections that saw the Republicans gain a majority in the Senate and increase their majority in the House. President Obama exercised his executive privileges in the areas of net neutrality and immigration.

There were over $125 billion in new deals announced by 10 of The PBR1000 companies, the largest being Actavis(PBR297) winning the bidding war to acquire Allergan(PBR391) for $66 billion. Spinoffs have become popular and shares buyback programs continue to proliferate. While the stock market indexes were at record highs, a major event was the significant drop in oil prices. A lot of global maneuvering is starting to take place with that shift, leaving the big question: how it will affect the economy both short and long term?

While we gave thanks for the many blessings we have on Thanksgiving Day, we also can’t help but be concerned by the obvious lack of growth of the middle class, and the unrest it is causing seen by recent marches demanding livable wages. This has been compounded by the events of the Ferguson, Missouri, decisions and riots after the grand jury results were announced.

November ended with a lot of Black Friday hype, but with lower than expected sales. December starts with Cyber Monday, which is expected to take a big leap. But will data breaches and identity theft put a dent in at store and online purchases? So, the stage has been set for December with a lot of question marks, but I also sense with a feeling of very cautious optimism.

Following are the November Breaking News items, from the latest date to the first:

Friday, November 28:
Welcome to Black Friday!

DJIA closes week at 17,828.24, +0.10% from last Friday, 2.52% MTD, +4.61% QTD, +7.55% YTD.
NASDAQ closes week at 4,791.63, +1.67% from last Friday, +3.47% MTD, +6.64% QTD, +14.73% YTD.
SPX closes week at 2,067.56, +0.20% from last Friday, +2.45% MTD, +4.83% QTD, +11.86% YTD.

Coca-Cola Co(PBR58), SABMiller, & Coca-Cola SABCO to form Coca-Cola Beverages Africa to serve South & East Africa markets. Click here for the Coca-Cola press release.

Enbridge Energy(PBR353) acquires 80% interest in 2 US wind farms, in Texas & Indiana, from E.ON, who will remain operator, for $650 million. Click here for the Enbridge press release.

BE Aerospace(PBR608) is informed by NASDAQ that the KLX spin-off will start trading on 12/17/14 with the symbol KLXI. Click here for the BEA press release.

Thursday, November 27:
Markets are closed.
Happy Thanksgiving Day,
Give Thanks and Travel Safe!

Wednesday, November 26:
The US Dept of Commerce in a preliminary report says October personal income was +0.2% over September, real disposable income was +0.1%. Click here for the USDOC press release.

The US Dept of HUD preliminary report shows October new home sales at a 458,000 annual rate, +0.7% over September. Click here for the HUD press release.

Tuesday, November 25:
Aetna(PBR57) completes acquisition of private healthcare shopping exchange technologies company bswift for $400 million. Click here for the Aetna press release.

Harbinger Group(PBR431) chairman/CEO Philip Falcone resigns effective 12/01/14, independent board director Joseph Steinberg to be chairman, CEO search to begin. Click here for the Harbinger press release.

BE Aerospace(PBR608) board approves separation of KLX unit & shares distribution, to take place 12/16/14. Click here for the BE Aerospace press release.

Greenbrier Cos(PBR931) promotes Jack Isselmann to SVP/External Affairs & Programs, reports to chairman/CEO. Click here for the Greenbrier press release.

The US Dept of Commerce reports that the 3rd quarter 2014 2nd Estimate GDP was at a 3.9% annual rate. Click here for the USDOC press release.

Monday, November 24:
HealthSouth(PBR820) to acquire privately held 5,000 employee Encompass Home Health & Hospice for $750 million, to close by end of 2014. Click here for the HealthSouth press release.

United Technologies(PBR45) chair/CEO Louis Chenevert retires, effective immediately, SVP/CFO Greg Hayes appointed president/CEO. Click here for the UTC press release.

American Tower(PBR623) to acquire 4,800+ communications towers in Nigeria from a Netherlands based Bharti Airtel subsidiary. Click here for the AT press release.

Jarden(PBR341) does 3:2 stock split. Click here for the Jarden press release.

SunEdison(PBR882) & Brazil based Renova Energia create a 50/50 joint venture to develop 1 Gigawatt of solar power in Brazil. Click here for the SunEdison press release.

A. Schulman(PBR854) appoints Brent Middleton as VP/GM for US/Canada & Gustavo Perez as VP/GM Latin America. Click here for the AS press release.

Friday, November 21:
DJIA closes week at 17,810.06, +0.99% from last Friday, 2.41% MTD, +4.50% QTD, +7.44% YTD.
NASDAQ closes week at 4,712.97, +0.52% from last Friday, +1.78% MTD, +4.89% QTD, +12.84% YTD.
SPX closes week at 2,063.50, +1.16% from last Friday, +2.25% MTD, +4.62% QTD, +11.64% YTD.

Cardinal Health(PBR26) physician office-focused commercial organization to be consolidated with the Henry Schein(PBR274) Medical Group per longterm strategic agreement. Click here for the Henry Schein press release.

LabCorp(PBR418) completes acquisition of cardiovascular diagnostic lab tests on NMR provider LipoScience(NASDAQ: LPDX) for $5.25/share, $85.3 million transaction value. Click here for the LabCorp press release.

Abercrombie & Fitch(PBR557), in its first franchise agreement, to open its brand stores in Mexico through Grupo AXO. Click here for the A&F press release.

American Tower(PBR623) to acquire 2 portfolios totaling 6,480 cellular towers in Brazil from TIM Cellular SA for $1.2 billion. Click here for the AT press release.

Scientific Games(PBR1069) completes its acquisition of Bally Technologies for $5.1 billion. Click here for the SG press release.

Aetna(PBR57) authorizes $1 billion shares buyback plus $464 million remaining from previous buyback program. Click here for the Aetna press release.

Dillard’s(PBR367) authorizes $500 million Class A Common shares buyback program. Click here for the Dillard’s press release.

Flowers Foods(PBR588) increases its stock buyback program to 15 million shares. Click here for the FF press release.

Thursday, November 20:
Alcoa(PBR122) completes $2.85 billion cash/stock buy of UK based jet engine parts producer Firth Rixson. Click here for the Alcoa press release.

Apache Corp(PBR168) has added 300,000 leasehold acres in 2014, selling its non-core Louisiana & some Anadarko Basin oil & gas assets for $1.4 billion. Click here for the Apache press release.

Cognizant Technology(PBR292) completes acquisition of privately held healthcare IT software developer TriZetto for $2.7 billion cash. Click here for the CT press release.

Blackstone Group(PBR372) to acquire GE Capital’s Japan residential business of over 10,000 units for $1.6 billion. Click here for the Blackstone press release.

Fiserv(PBR484) authorizes 20 million shares repurchase program. Click here for the Fiserv press release.

Activision Blizzard(PBR510) announces its Call of Duty video game is biggest entertainment launch of the year, lifetime sales now exceeds $10 billion. Click here for the AB press release.

W.R. Grace(PBR657) to acquire remaining 50% from Turkey construction products joint venture partner, terms not disclosed. Click here for the WRG press release.

Corinthian Colleges(PBR968) selling 56 Everest & WyoTech campuses to nonprofit ECMC Group, to close in January, 2015. Click here for the CC press release.

Hertz(PBR249) elects travel & transportation industry veteran John Tague as president/CEO, effective 11/21/14. Click here for the Hertz press release.

Clorox(PBR428) has new CEO, former EVP/COO Benno Dorer. Click here for the Clorox biography of BD.

Children’s Place Retail(PBR929) appoints Anurup Pruthi as SVP/CFO, effective 12/01/14, reports to COO. Click here for the CPR press release.

The US Dept of Labor reports that October current earnings were up 0.1% to $24.57/hr average, $850.12/week, for 34.6 hour workweek. Click here for the USDOL press release.

The US Dept of Labor reports that the October Consumer Price Index was unchanged over September, 1.7% YTD. Click here for the USDOL press release.

The White House blog on President Obama’s speech regarding his plan to sign executive orders on immigration policy. Click here for the White House post.

Wednesday, November 19:
Family Dollar(PBR254) moves special stockholders meeting from 12/11/14 to 12/23/14 to vote on $9.2 billion merger with Dollar Tree(PBR328). Click here for the Family Dollar press release.

Dollar General(PBR154) affirms commitment to acquire Family Dollar(PBR254), working with FTC on terms. Click here for the Dollar General press release.

Avis Budget(PBR325) completes $210 million plus fleet cost deal for Budget licensee of S. California & Las Vegas. Click here for the Avis Budget press release.

Cliffs Natural Resources(PBR421) pursuing exit options for its Eastern Canadian operations. Click here for the CNR press release.

Yahoo!(PBR495) to be default mobile & desktop search engine in the US for Mozilla Firefox starting in 12/14 per 5 year strategic agreement. Click here for the Yahoo! press release.

Keuring Green Mountain(PBR532) announces that 11 year CFO/Treas Frances Rathke leaving in 2015 when replacement found. Click here for the KGM press release.

Arthur J Gallagher(PBR648) acquires Muscatine, IA, retail insurance broker Miller-Harrison Insurance Services. Click here for the AJG press release.

Crown Castle Intl(PBR668) stockholders vote to merge with wholly owned subsidiary Crown Castle REIT, to close by year end. Click here for the CCO press release.

Health Care REIT(PBR691) completes acquisition of HealthLease Properties REIT, includes portfolio of senior living, acute care, long-term care communities. Click here for the HCREIT press release.

Corinthian Colleges(PBR968) receives NASDAQ notice regarding inability to file latest 10-K & 10-Q reports. Click here for the CC press release.

The Federal Reserve Board announces the appointments of chairs and deputy chairs for the 12 Federal Reserve Banks for 2015. Click here for the FRB press release.

The Federal Reserve Board in its Oct 29 Open Market Committee report says the economy is expanding at moderate pace. Click here for the FRB press release.

The US Dept of HUD preliminary report says that October private housing building permits was at a 1,080,000 annual rate, +4.8% over September. Click here for the HUD press release.

The US Dept of Labor reports a net increase of 397,000 private sector jobs in 1st quarter 2014. Click here for the USDOL press release.

Tuesday, November 18:
Archer-Daniels-Midland(ADM)(PBR27) completes buy of Specialty Commodities for $191 million, announces some senior management changes. Click here for the ADM press release.

Avon(PBR266) announces leadership changes in Latin America, headquarters. Click here for the Avon press release.

Micron Technology(PBR284) announces CFO/VP of Finance Ronald Foster to retire effective 02/28/15. Click here for the MT press release.

Darden Restaurants(PBR392) says CFO Brad Richmond to retire by 03/31/15, Chief HR Officer Daisy Ng resigning, being replaced by SVP Danielle Kirgan, SVP Government & Community Affairs Bob McAdam to leave at end of year; also restructuring Olive Garden & Longhorn field leadership. Click here for the Darden press release.

The US Senate votes 59-41 in favor of the Keystone XL Pipeline, 1 vote short needed for passage. Click here for the Library of Congress notice.

The US Dept of Labor reports that the October Producer Price Index(PPI) was up 0.2%, with services up 0.5%, goods down 0.4%. Click here for the USDOL press release.

Monday, November 17:
Actavis(PBR297) to acquire healthcare products provider Allergan(PBR391) for $219/share, $66 billion. Click here for the Actavis press release.

Fidelity Natl Fin(PBR300) FNFV unit completes sale of Comdata to FleetCor for stock valued at $356 million. Click here for the FNF press release.

Canada based Valeant Pharmaceuticals(NYSE: VRX) says it cannot justify $219/share bid for Allergan(PBR391), will not be submitting any further offers. Click here for the Valeant press release.

Halliburton(PBR94) to acquire oilfield products & services provider Baker Hughes(PBR124) for $78.62/share, $34.6 billion in cash & stock. Click here for the Halliburton press release.

Medtronic(PBR162) & Ireland based medical supplies provider Covidien shareholders to meet on 01/06/15 to approve $49.2 billion cash acquisition. Click here for the Medtronic press release.

Actavis(PBR297) completes $23/share, $675 million tender offer of Durata Therapeutics outstanding shares. Click here for the Actavis press release.

Lennar(PBR414) & Macerich(PBR1083) to do 500,000 sf urban outlet joint venture 50/50 project in upscale mixed use San Francisco area Candlestick Point. Click here for the Lennar press release.

SunEdison(PBR882) & indirect subsidiary TerraForm Power to acquire wind projects developer & operator First Wind for $2.4 billion. Click here for the SunEdison press release.

Cummins(PBR158) names Tracy Embree as president, Components Group, reports to COO Rich Freeland. Click here for the Cummins press release.

AES Corp(PBR171) EVP/COO Andrew Vesey leaving effective 12/31/14, for CEO position in Australia. CFO Bernerd Da Santos to also be acting COO 12/01/14. Click here for the AES press release.

American Axle & Mfg(PBR643) names Nigel Francis VP Corp Planning, Jon Morrison as Pres, AAM N America. Click here for the AAM press release.

Fairchild Semiconductor(PBR1002) Chairman/CEO Mark Thompson to add President title after departure of Pres/COO Vijay Ullal. Click here for the FS press release.

In Nov US economy/housing outlook FreddieMac(PBR33) forecasts 2015 3.0% economy growth rate, 5% more housing sales. Click here for the FreddieMac press release.

Saturday, November 15:
Open enrollment for health care plans starts today through 12/15/14 for coverage starting 01/01/15. Click here for the HealthCare.gov website.

Friday, November 14:
DJIA closes week at 17,634.74, +0.35% from last Friday, 1.40% MTD, +3.47% QTD, +6.38% YTD.
NASDAQ closes week at 4,688.54, +1.21% from last Friday, +1.25% MTD, +4.34% QTD, +12.26% YTD.
SPX closes week at 2,039.82, +0.39% from last Friday, +1.08% MTD, +3.42% QTD, +10.36% YTD.

Hertz(PBR249) to buy 350,000 2015 vehicles, implement a $100 million cost reduction program, restate 2011-2013 financials. Click here for the Hertz press release.

Flowserve(PBR473) to acquire Netherland’s based engineered vacuum and fluid pumps provider SIHI Group BV for $372.5 million. Click here for the Flowserve press release.

Arthur J Gallagher(PBR648) acquires Richmond, VA, based human resource consulting services firm The Titan Group, terms not disclosed. Click here for the AJG press release.

Albemarle(PBR739) & Rockwood Holdings(PBR1006) shareholders approve merger, to close 1st quarter 2015. Click here for the Albemarle press release.

Kroger(PBR24) announces that its Ralphs Grocery Co to hire for 1,200 permanent positions in So. California. Click here for the Kroger press release.

Ashland(PBR331) elects Bill Wulfsohn, former Pres/CEO of Carpenter Technology(PBR836), as Chairman/CEO, effective 01/01/15, succeeds James O’Brien, who is retiring . Click here for the Ashland press release.

Carpenter Technology(PBR836) announces chairman Gregory Pratt to also be CEO again, effective immediately, replaces Bill Wulfsohn who is leaving to become chairman/CEO of Ashland(PBR331). Click here for the CT press release.

Thursday, November 13:
Berkshire Hathaway(PBR4) to acquire Duracell in exchange for Proctor & Gamble(PBR32) shares valued at $4.7 billion. Click here for the P&G press release.

Expedia(PBR491) completes acquisition of Australia based online travel company Wotif Group for $612 million. Click here for the Expedia press release.

Graham Holdings(PBR607) to do tax free spin-off of subsidiary Cable ONE as a separate public company in 2015. Click here for the GH press release.

Baker Hughes(PBR124) confirms it is in preliminary merger talks with Halliburton(PBR94). Click here for the BH press release.

AIG(PBR41) appoints Charlie Shamieh CEO Life, Health, and Disability Insurance; Alessa Quane named Corporate Chief Actuary. Click here for the AIG press release.

Diebold(PBR694) names Tom Signorello as SVP N American Sales & Mychal Kempt as VP Global Launch Management. Click here for the Diebold press release.

Rackspace(PBR983) appoints Todd Cione as Chief Revenue Officer. Click here for the Rackspace press release.

The US Dept of Labor reports that there were 4.7 million job openings at end of September, 5.0 million hires, & 4.8 million separations. Click here for the USDOL press release.

The US Dept of Labor reports that for the week ending 11/08/14 initial unemployment claims were 290,000, up 12,000 from the previous week. Click here for the USDOL press release.

Wednesday, November 12:
Cognizant Technology(PBR292) acquires Australia based digital solutions provider Odecee, terms not disclosed. Click here for the Cognizant press release.

BB&T(PBR252) to acquire top 50 bank PA based Susquehanna Bancshares for $2.5 billion cash & stock. Click here for the BB&T press release.

UnitedHealth Group(PBR14) forms Office of the CEO, announces senior leadership changes. Click here for the UHG press release.

An Enterprise Products(PBR56) subsidiary & Oiltanking Properties(NYSE: OILT) to merge, $6 billion total value in distributions. Click here for the EP press release.

Annaly Capital(PBR509) subsidiary acquires a portfolio of 11 properties with grocery-anchored shopping centers, total of 1.48 million sq ft. Click here for the Annaly press release.

Macerich(PBR1083) buys remaining 40% stake in Fashion Outlets of Chicago for $70 million, comes after October $205 million sale of South Towne Center in Sandy, UT. Click here for the Macerich press release.

The White House reports on US & China announcement on new actions to reduce carbon pollution. Click here for the White House press release.

The White House blog regarding President Obama’s plan for net neutrality. Click here for the White House press release.

The US Dept of Commerce reports preliminary September Wholesale Trade sales were at $454.3 billion, up 0.2% over August. Click here for the USDOC press release.

Tuesday, November 11:
It’s Veterans Day. A sincere Thank You to all Veterans for your service to our country.

Yahoo!(PBR495) to acquire video ads platform developer BrightRoll for $640 million cash. Click here for the Yahoo! press release.

Mondelez Intl(PBR84) to acquire 80% ownership in Vietnam’s leading confectionary provider Kinh Do Corp for $370 million. Click here for the Mondelez press release.

Fossil Group(PBR637) & fashion Michael Kors Holdings renew global licensing agreement through 2024. Click here for the Fossil press release.

Arthur J Gallagher(PBR648) acquires Arlington Heights, IL, retail insurance agency The Forker Company, terms not disclosed. Click here for the AJG press release.

Service Corp Intl(PBR754) increases share repurchase program to $300 million. Click here for the SCI press release.

Juniper Networks(PBR496) names 17 year company veteran Rami Rahim as CEO, effective immediately, takes over for Shaygan Kheradpir. Click here for the JN press release.

DeVry Education Group(PBR899) announces death of board chairman Dr. Connie Curran; Lyle Logan appointed interim board chair. Click here for the DeVry press release.

The White House provides Fact Sheet on APEC Regional Trade agreements reached in conference in China. Click here for the White House press release.

Monday, November 10:
Heartland Payment Systems(PBR853) acquires foodservice enterprise level POS software developer 25,000 user locations, $15 billion in transactions XPIENT Solutions, terms not disclosed. Click here for the HPS press release.

Arthur J Gallagher(PBR648) acquires Woodland Hills, CA, based SGB-NIA Insurance Brokers, terms not disclosed. Click here for the AJG press release.

The Assn of Professional Flight Attendants narrowly defeats a new contract with American Airlines. Agreement to go to arbitration starting 12/03/14. Click here for the APFA press release.

President Obama’s official statement on net neutrality: Click here for the Whitehouse press release.

Caesars Entertainment(PBR301) announces CFO Donald Colvin retiring on 12/31/14, Eric Hession to become CFO on 01/01/15. Click here for the Caesars press release.

Actavis(PBR297) announces that Maria Teresa(Tessa) Hilado to become CFO, effective 12/08/14, is leaving PepsiCo, & will take over for retiring R Todd Joyce. Click here for the Actavis press release.

Friday, November 7:
DJIA closes week at 17,573.93, +1.05% from last Friday & MTD, +3.12% QTD, +6.02% YTD.
NASDAQ closes week at 4,632.53, +0.04% from last Friday & MTD, +3.10% QTD, +10.92% YTD.
SPX closes week at 2,031.92, +0.69% from last Friday & MTD, +3.02% QTD, +9.93% YTD.

AT&T(PBR12) to acquire Mexico 8.6 million subscriber wireless provider lusacell for $2.5 billion. Click here for the AT&T press release.

Johnson & Johnson(PBR39) completes $1.75 billion cash buy of viral diseases developer Alios BioPharma. Click here for the J&J press release.

Sears Holdings(PBR81) announces possible REIT business plan through sale-leaseback of stores to bolster balance sheet. Click here for the Sears press release.

Estee Lauder(PBR242) to acquire ultraluxury fragrances company Editions de Parfums Frederic Malle, terms not disclosed. Click here for the EL press release.

Calpine Corp(PBR390) completes acquisition of Boston area natural gas-fired 809 Megawatt power plant from Exelon Corp(PBR108) for $530 million. Click here for the Calpine press release.

Bemis(PBR466) completes sale of its global Pressure Sensitive Materials unit(MACtac) to private equity firm Platinum Equity for $170 million. Click here for the Bemis press release.

Ford(PBR8) announces several senior leadership changes. Click here for the Ford press release.

Fastenal(PBR625) announces Willard Oberton is resigning as CEO on 12/31/14, will remain chairman, board elects president Leland Hein to be Pres/CEO on 01/01/15. Click here for the Fastenal press release.

The US Dept of Labor reports that October nonfarm employment was up 214,000 and the unemployment rate drops 0.1% to 5.8%. Click here for the USDOL press release.

The US Federal Reserve Board reports that consumer credit rose to a 6.5% annual rate during the 3rd quarter. Click here for the FRB press release.

Thursday, November 6:
New York Times(PBR976) launches in-school digital subscription program for K-12. Click here for the NYT press release.

Home Depot(PBR35) releases more information on data breaches, including 53 million email addresses. Click here for the HD press release.

Perrigo(PBR563) to buy Belgium based over-the-counter healthcare products company Omega Pharma NV for $4.5 billion cash & equity. Click here for the Perrigo press release.

Arthur J Gallagher(PBR648) acquires San Diego based Discovery Benefit Solutions, terms not disclosed. Click here for the AJG press release.

FreddieMac(PBR33) reports that 30 year fixed mortgage rates as of 11/06/14 averaged 4.02% with 0.5 points. Click here for the FreddieMac press release.

The US Dept of Labor in its preliminary report says that the non-farm labor productivity annual rate was up 2.0% during the 3rd quarter. Click here for the USDOL press release.

The US Dept of Labor reportsthat initial unemployment claims at 278,000, down 10,000 from previous week. 4 week moving average at 279,000. Click here for the USDOL press release.

The US Congressional Budget Office projects the US Dept of Defense 2015-2021 plans to cost an average of $47 billion more per year than provided in the Budget Control Act. Click here for the CBO press release.

Wednesday, November 5:
Motorola Solutions(PBR296) buys back $750 million of common stock from ValueAct Capital. Click here for the MS press release.

AES Corp(PBR171) wins 20 year contracts for 1,384MW of new power at existing California power plants. Click here for the AES press release.

Carnival(PBR173) to increase its fleet capacity by 10% with 4 new ships in the next 18 months. Click here for the Carnival press release.

Booz Allen Hamilton(PBR437) says Carlyle Group(PBR525) affiliate sold 10 million Class A shares to JPMorgan(PBR18), Carlyle will now own 37% of BAH Class A shares. Click here for the BAH press release.

Carlyle Group(PBR525) & coinvestors to acquire investment banking industry software & data platforms provider Dealogic for $700 million. Click here for the CG press release.

Babcock & Wilcox(PBR636) approves spin-off of Power Generation business into a separate publicly held company. Click here for the B&W press release.

Orbital Sciences(PBR1010) announces go-forward plan for NASA’s commercial resupply services program, updates last week’s failed launch. Click here for the OS press release.

Archer-Daniels-Midland(PBR27) Pres/COO Juan Luciano to become Pres/CEO on 01/01/15, Patricia Woertz to remain Chairman. Click here for the ADM press release.

Boise Cascade(PBR635) appoints EVP Tom Corrick as COO, effective immediately. SVP/CFO/Treas Wayne Rancort now an EVP. Click here for the BC press release.

Actavis(PBR297) announces CFO R Todd Joyce to retire in early 2015, exec search firm retained. Click here for the Actavis press release.

The US Dept of Labor reports that inflation adjusted compensation costs for private industry employees increased 0.6% over the past year. Click here for the USDOL press release.

Tuesday, November 4:
It’s Election Day. VOTE!!!

Plains All-American Pipeline(PBR68) & Enterprise Products(PBR56) in 50/50 Eagle Ford joint venture to expand pipelines, add new terminal. Click here for the PAAP press release.

Allergan(PBR391) responds to CA court decision to allow Valeant to vote its 9.7% ownership in the 12/18/14 special stockholders meeting re $54 billion offer. Click here for the Allergan press release.

Liberty Media(PBR570) completes spin-off of publicly held Liberty Broadband(NASDAQ: LBRDA, LBRDK), to start trading 11/05/14. Click here for the LM press release.

Sigma-Aldrich(PBR715) completes buy of invitro diagnostic antibody reagents & kits company Cell Marque. Click here for the S-A press release.

Applied Industrial Technologies(PBR782) has acquired supplier to W Texas upstream oil & gas facilities Ira Pump & Supply, terms not disclosed. Click here for the AIT press release.

The US Bureau of Census/Dept of Commerce reports that the September US international trade balance decreased to -$43.0 billion from -$40.0 billion in August(revised). Click here for the Census/Commerce press release.

The US Bureau of Census/Dept of Commerce reports that September new orders for manufactured goods was down $2.8 billion, or 0.6%, from August to $499.4 billion. Click here for the Census/Commerce press release.

Monday, November 3:
LabCorp(PBR418) to acquire Covance(PBR745) for $105.21/share, $5.6 billion. Click here for the LabCorp press release.

Aetna(PBR57) to acquire private healthcare shopping exchange technologies company bswift for $400 million. Click here for the Aetna press release.

Alcoa(PBR122) investing $190 million in Davenport Works, IA, facility, to expand aerospace/industrial applications. Click here for the Alcoa press release.

Estee Lauder(PBR242) completes acquisition of French heritage high end fragrancy & sensory lifestyle company Le Labo. Click here for the EL press release.

Agilent Technologies(PBR365) completes spin-off of electronic measurements business Keysight, now publicly trading under KEYS. Click here for the AT press release.

Blackstone Group(PBR372) & PAI Partners sell UK based United Biscuits to Yildiz Holding, terms not disclosed. Click here for the Blackstone press release.

Dr Pepper Snapple(PBR409) acquires assets of E Pennsylvania based Davis Bottling & Davis Beverage, terms not disclosed. Click here for the DrPS press release.

Frontier Communications(PBR492) expands strategic agreement with Intuit(PBR548) to provide support for online small business services for $100 million over 3 years. Click here for the FC press release.

Vornado Realty(PBR709) to sell 1740 Broadway for $605 million, completes acquisition of St Regis Avenue Retail. Click here for the VR press release.

Sigma-Aldrich(PBR715) announces 12/05/14 as stockholder special meeting date for vote on $17 billion acquisition by Germany based Merck. Click here for the S-A press release.

Chemtura(PBR828) completes $1 billion sale of its AgroSolutions unit to Platform Specialty Products(NR). Click here for the Chemtura press release.

AIG(PBR41) approves new $1.5 billion stock repurchase program. Click here for the AIG press release.

Centrus Energy(PBR1030), fka USEC, receives NYSE notice saying it is now in compliance for being listed. Click here for the CE press release.

Arrow Electronics(PBR129) names Gregory Tarpinian SVP, General Counsel, & Secretary, succeeds Peter Brown who is retiring. Click here for the AE press release.

Church & Dwight(PBR646) adds COO title to CFO Matthew Farrell. Click here for the C&D press release.

Barnes Group(PBR1068) announces the retirement of Chairman Thomas Barnes, scheduled for 12/31/14. Click here for the Barnes Group press release.

The US Dept of Commerce reports preliminary September Construction Spending Annual Rate was $950.9 billion, -0.4% from August, +2.9% from September, 2013. Click here for the USDOC press release.

Saturday, November 1:
The PBR1000 October 2014 Breaking News Recap has been released. Click here for the blog post.

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

(Photo courtesy of freedigitalphotos.net, franky242.)

The PBR1000: The October 2014 Breaking News Recap!

ID-10064146 Construction Tools in Cart-Vichaya Kiatying-Angsulee

What Tools Should Be Used To Keep Making Progress?

By Larry C. Paxton

In October the new US government “inversion” policies apparently had an effect as  some major deals among The PBR1000 fell through and there were few mergers announced with headquarters moving offshore. There were a lot of spin-offs announced and some changes in C-level leadership.

The Federal Reserve announced that it is stopping the Quantitative Easing program.  Other impacts will be reviewed in The PBR1000 Stocks/Commodities Snapshot that will be released in a few days.

Globally the US is the leader in the many years recovery. But it is still a fragile situation. It will be interesting to see what “tools” businesses and governments use to get to the post recovery phase.

Breaking news items of interest for October for The PBR1000 follow, with the most current date first.

Friday, October 31:
DJIA closes week at 17,390.52, +3.48% from last Friday, +2.04% MTD & QTD, +4.91% YTD.
NASDAQ closes week at 4,630.74, +3.28% from last Friday, +3.06% MTD & QTD, +10.87% YTD.
SPX closes week at 2,018.05, +2.72% from last Friday, +2.32% MTD & QTD, +9.18% YTD.

IBM(PBR23) & China based Tencent Cloud sign agreement for providing cloud based services to businesses. Click here for the IBM press release.

Dollar General(PBR154) extends deadline for $80/share tender offer for Family Dollar(PBR254) to 12/31/14, 5PM. Click here for the DG press release.

Estee Lauder(PBR242) acquires luxury skin care brand RODIN olio lusso, terms not disclosed. Click here for the EL press release.

Level 3 Communications(PBR389) completes $7.3 billion acquisition of tw telecom. Click here for the Level 3 press release.

Newell Rubbermaid(PBR420) to pursue selling its Endicia online postage and Calphalon retail outlet stores & kitchen electronics businesses. Click here for the NR press release.

Sonoco Products(PBR481) completes acquisition of Europe based composite containers provider Weidenhammer Packaging Group for $360 million cash. Click here for the Sonoco press release.

Arthur J Gallagher(PBR648) acquires Western US based insurance broker Insurance Associates, terms not disclosed. Click here for the AJG press release.

FreddieMac(PBR33) in 3rd quarter refinance report estimates that $8.0 billion was cashed out on home equity refinancing, up $2.4 billion from the 2nd quarter. Click here for the FreddieMac press release.

The US Dept of Commerce reports that September personal income was up 0.2% over August, disposable income up 0.1%. Click here for the USDOC press release.

Thursday, October 30:
Lockheed Martin(PBR61) to acquire private 500+ employee provider of healthcare IT solutions for the government company Systems Made Simple. Click here for the LM press release.

Harman International(PBR448) authorizes $500 million over 3 years stock repurchase program. Click here for the Harman press release.

Allison Transmission(PBR897) authorizes $500 million stock repurchase program. Click here for the AT press release.

Carnival(PBR173) announces that President/CEO Gerry Cahill will retire on 11/30/14, no replacement named. Click here for the Carnival press release.

Harman International(PBR448) appoints Sandra Rowland as EVP/CFO, effective 01/01/15, succeeds Herbert Parker who has been appointed EVP/Operational Excellence. Click here for the Harman press release.

Curtiss-Wright(PBR767) Executive Chairman Martin Benante to retire 01/01/15, CEO David Adams to then also become Chairman. Click here for the C-W press release.

Yahoo!(PBR495) names Lisa Utzschneider as SVP/Sales, Americas, will report to CEO Marissa Meyer. Ned Brody to become SVP/Advertising Technology & Strategy. Click here for the Yahoo! press release.

The US Dept of Commerce in Advance Estimate says 3rd quarter GDP annual rate was 3.5%. Click here for the USDOC press release.

The US Dept of Labor in initial report says on 10/25/14 initial unemployment claims were 287,000, up 3,000 from previous week. Click here for the USDOL press release.

FreddieMac(PBR33) reports 30 year fixed mortgage rates on 10/30/14 averaged 3.98% with 0.5 points. Click here for the FreddieMac press release.

Wednesday, October 29:
MasterCard(PBR307) & Zilzar.com collaborate to target $2.5 trillion Muslim lifestyle marketplace. Click here for the MasterCard press release.

Abbott Labs(PBR127) to acquire private electrophysiology technologies medical device company Topera for $250 million plus incentives. Click here for the Abbott Labs press release.

Booz Allen Hamilton(PBR437) acquires Boston based epidemiological & analytics company Epidemico, terms not released. Click here for the BAH press release.

RadioShack(PBR617) on track to have its Fix It Here! mobile device repair service in 750 locations by year end. Click here for the RadioShack press release.

IBM(PBR23) to use its analytics tools in partnership with Twitter(NR) and its data for commercial purposes. Click here for the IBM press release.

VISA(PBR227) authorizes new $5 billion stock repurchase program. Click here for the VISA press release.

CenterPoint Energy(PBR317) appoints SVP/Chief Accounting Officer, SVP/Chief Information Officer, & SVP/Chief Customer Officer. Click here for the CE press release.

RadioShack(PBR617) announces Harry Wilson, CEO of MAEVA Group, to be Chief Revitalization Officer, reports to CEO. Click here for the RadioShack press release.

Applied Industrial Technologies(PBR782) elects Peter Wallace, CEO for private Gardner Denver, as independent Chairman. Succeeds John Meier who will continue to serve on the board. Click here for the AIT press release.

Black Hills(PBR1033) announces EVP/CFO Anthony Cleberg retiring 03/31/15, VP/Controller Richard Kinsley to become SVP/CFO 01/01/15. Click here for the BH press release.

The US Federal Reserve Board gives its assessment of the US economy, to conclude its asset purchase program this month. Click here for the FRB press release.

Tuesday, October 28:
Amgen(PBR144) to accelerate dividend payouts, reinitiate $2 billion stock repurchase program, layoff an additional 600-1,000 people. Click here for the Amgen press release.

Chevron(PBR3) announces $6 billion development project with Hess Corp(PBR114) operated Stampede project in deepwater US Gulf of Mexico. Click here for the Chevron press release.

Macy’s(PBR97) to open its first international Macy’s store in 2018 in Abu Dhabi in the United Arab Emirates. Click here for the Macy’s press release.

Level 3 Communications(PBR389) & tw telecom stockholders approve merger, expected to close by 11/05/14. Click here for the Level 3 press release.

SunEdison(PBR882) & Rajasthan Government in India sign Memorandum of Understanding to develop 5 gigawatts of solar power. Click here for the SunEdison press release.

Family Dollar(PBR254) mailing out proxy info for special stockholders meeting on 12/11/14 to vote on $9.2 billion merger with Dollar Tree(PBR328). Click here for the Family Dollar press release.

Alliant Techsystems(PBR489) sets 12/09/14 for special stockholders meeting to vote on merger of aerospace unit with Orbital Sciences(PBR1010). Click here for the AT press release.

Orbital Sciences(PBR1010) comments on failed Antares rocket launch with supplies to the international space station. Click here for the OS press release.

IBM(PBR23) adds $5 billion to $1.4 billion remaining for stock repurchase program. Click here for the IBM press release.

AutoNation(PBR152) in 3rd quarter report says it has purchased 8% of outstanding shares, has increased share repurchase program, now has $281 million available. Click here for the AutoNation press release.

The US Dept of Commerce reports that the end of the 3rd quarter 2014 homeownership rate was at 64.4%, -0.9% from the 3rd quarter 2013. Click here for the USDOC press release.

Monday, October 27:
Chiquita Brands(PBR658) agrees to be acquired by Brazilian based Cutrale/Safra Groups for $14.50/share, $1.3 billion includes debt, to close late 2014/early 2015. Click here for the Chiquita press release.

Allergan(PBR391) confirms receipt of Valeant merger letter, says no new terms proposed. Click here for the Allergan press release.

Micron Technology(PBR284) authorizes $1 billion stock repurchase program. Click here for the MT press release.

HCA(PBR76) elects CEO Milton Johnson as Chairman, effective 12/31/14, succeeds Richard Bracken who is retiring. Click here for the HCA press release.

Advanced Micro Devices(AMD)(PBR451) hires Forrest Norrod as SVP/GM for Enterprise, Embedded, and Semi-Custom Business, reports to Pres/CEO Lisa Su. Click here for the AMD press release.

Hill-Rom(PBR945) appoints Steven Strobel as SVP, effective 11/03/14, will add CFO title on 12/01/14. Click here for the Hill-Rom press release.

Friday, October 24:
DJIA closes week at 16,805.41, +2.59% from last Friday, -1.39% MTD & QTD, +1.38% YTD.
NASDAQ closes week at 4,483.72, +5.29% from last Friday, -0.22% MTD & QTD, +7.35% YTD.
SPX closes week at 1,964.58, +4.12% from last Friday, -0.39% MTD & QTD, +6.29% YTD.

Level 3 Communications(PBR389) receives FTC approval for $7.3 billion acquisition of tw telecom(NASDAQ: TWTC). Click here for the Level 3 press release.

Chiquita Brands(PBR658) shareholders vote to not pursue Ireland based Fyffes merger deal, both sides terminate discussions, Chiquita to enter into more discussions with Brazilian based Cutrale-Safra Groups. Click here for the Chiquita Brands press release.

Frontier Communications(PBR492) completes its $2 billion acquisition of AT&T(PBR12) Connecticut’s wireline, broadband & video operations. Click here for the FC press release.

Proctor & Gamble(PBR32) in 1st quarter results announces plan to spinoff Duracell battery unit into a separate company. Click here for the P&G press release.

Avis Budget(PBR325) to acquire the Budget licensee, the Mirkin family, for S. California & Las Vegas for $210 million plus fleet cost. Click here for the AB press release.

Celanese(PBR377) increases shares repurchase program to $500 million. Click here for the Celanese press release.

SandRidge Energy(PBR884) files registration for MidCon Midstream, LP, for Initial Public Offering on NYSE. Click here for the SandRidge press release.

Blackhawk Network(PBR1058) completes $290 million acquisition of global incentive solutions provider Parago, will be a subsidiary. Click here for the BN press release.

DuPont(PBR82) EVP/Chief Innovation Officer Tom Connelly, Jr, to retire; SVP Jim Collins, Jr, to become EVP, SVP Matt Trerotola to become EVP, both become members of Office of the CEO, effective 12/01/14. Click here for the DuPont press release.

Avery Dennison(PBR402) names SVP/CFO Mitchell Butier President/COO, effective 11/01/14. Click here for the AD press release.

US Census/HUD report that the September annual rate of new home sales was 467,000, August was 466,000; median price was $259,000, average price $313,200. Click here for the Census/HUD press release.

Thursday, October 23:
Pfizer(PBR53) authorizes new $11 billion share buyback program, adds to $1.3 billion current program. Click here for the Pfizer press release.

Jarden(PBR341) to do 3:2 stock split on 11/24/14 for stockholders of record on 11/03/14. Click here for the Jarden press release.

Dr Pepper Snapple(PBR409) to buy back $375-400 million in shares per 3rd quarter results report. Click here for the Dr Pepper Snapple press release.

Chiquita Brands(PBR658) confirms receipt of $14.50/share revised offer from Cutrale & Safra Groups, ahead of Chiquita/Fyffes merger vote. Click here for the Chiquita Brands press release.

Coca-Cola Co(PBR58) Chief Marketing & Commercial Officer Joe Tripodi to retire 02/28/15, company veteran Marcos de Quinto to become CMO. Click here for the Coca-Cola Co press release.

Alcoa(PBR122) selling majority stake in Mt Holly Smelter in Goose Creek, SC, to Century Aluminum for $67.5 million. Click here for the Alcoa press release.

FreddieMac(PBR33) reports that 30 year fixed mortgage rates are at 3.92% with 0.5 points. Click here for the FreddieMac press release.

Carpenter Technology(PBR836) announces 2 year $500 million stock repurchase plan. Click here for the Carpenter Technnology press release.

Allegheny Technologies(PBR566) announces Elizabeth Powers as new SVP, Chief Human Resources Officer, effective 11/01/14. Click here for the Allegheny Technologies press release.

EMCOR(PBR385) announces $250 million share buyback program. Click here for the EMCOR press release.

Asbury Automotive(PBR449) appoints David Hult as next EVP/Chief Operating Officer, effective 11/03/14. Click here for the Asbury Auto press release.

Wednesday, October 22:
SunEdison(PBR882) gets agreement to build 30 solar systems for 9 public agencies in San Francisco area. Click here for the SunEdison press release.

AT&T(PBR12) in its 3rd quarter earnings report says it has 2 million wireless net additional subscribers year to date. Click here for the AT&T press release.

Brunswick(PBR576) authorizes up to $200 million over 2 years for shares repurchase program. Click here for the Brunswick press release.

Johnson & Johnson(PBR39) makes $200 million commitment to speed Ebola vaccine development & greatly expand production. Click here for the JNJ press release.

Actavis(PBR297) to invest $40 million & get exclusive option after Phase 2b study to buy a Rhythm subsidiary & its gastrointestinal product rights. Click here for the Actavis press release.

A. Schulman(PBR854) realigning its European back office & support functions, reducing headcount. Click here for the A Schulman press release.

Davita Healthcare(PBR309) to acquire 100+ physicians 11 locations Colorado Springs Health Partners, to close in 4th quarter. Click here for the Davita press release.

First Horizon National’s(PBR1027) First Tennessee Bank to expand into N. Carolina with TrustAtlantic acquisition. Click here for the FHN press release.

FreddieMac(PBR33) releases its October US Economic & Housing Market Outlook & forecast. Click here for the FreddieMac press release.

The US Dept of Labor reports that September average weekly earnings were $848.74, up from $846.63 in August. Click here for the USDOL press release.

The US Dept of Labor reports that the September Consumer Price Index for all items was +0.1% over August, was -0.2% in August, is +1.7% over past 12 months. Click here for the USDOL press release.

Tuesday, October 21:
Coca-Cola Co(PBR58) refranchising most bottling operations by end of 2017, rest of world by 2020. Click here for the Coca-Cola press release.

Kimberly-Clark(PBR130) in 3rd quarter results report announces layoffs of 1,100-1,300 by end of 2016. Click here for the Kimberly-Clark press release.

Amgen(PBR144) confirms receipt of letter from key shareholder Third Point suggesting company separate into two companies. Click here for the Amgen press release.

FIS(PBR406) to appoint Pres/COO Gary Norcross as Pres/CEO on 01/01/15, Chairman/CEO Frank Martire as Exec Chairman. Click here for the FIS press release.

The National Association of Realtors reports that September existing home sales were at a 5,170,000 annual rate, +2.4% over August, median price was $209,700. Click here for the NAR press release.

Monday, October 20:
AbbVie(PBR142) terminates inversion merger talks with Ireland based Shire. Click here for the AbbVie press release.

AbbVie(PBR142) announces $5 billion shares buyback program, increases dividend. Click here for the AbbVie press release.

Citrix Systems(PBR683) acquires cloud-based signature capture company RightSignature, terms not disclosed. Click here for the Citrix press release.

Celanese(PBR377) has acquired the assets of conductive polymers co Cool Polymers, terms not disclosed. Click here for the Celanese press release.

Friday, October 17:
DJIA closes week at 16,380.41, -0.99% from last Friday, -3.89% MTD & QTD, -1.18% YTD.
NASDAQ closes week at 4,258.44, -0.42% from last Friday, –5.23% MTD & QTD, +1.96% YTD.
SPX closes week at 1,886.76, -1.02% from last Friday, -4.34% MTD & QTD, +2.08% YTD.

Cliffs Natural Resources(PBR421) to post a $6 billion non-cash impairment to long-lived assets. Click here for the CNR press release.

AECOM Technology(PBR316) completes $6 billion acquisition of engineering & construction firm URS. Click here for the AECOM press release.

Chiquita Brands(PBR658) board unanimously rejects $14/share offer by Brazil based Cutrale/Safra Groups. Click here for the Chiquita press release.

Asbury Automotive(PBR449) increases stock repurchase program to $200 million. Click here for the Asbury Automotive press release.

The US Census/HUD reports September Housing Starts at an annual rate of 1,017,000, +6.3% over August, +17.8% over September 2013; September Building Permits at annual rate of 1,018,000, +1.5% over August, +2.5% over September 2013. Click here for the Census/HUD press release.

Thursday, October 16:
Chesapeake Energy(PBR153) selling 435 wells to Southwestern Energy(PBR622) for $5.375 billion. Click here for the Chesapeake Energy press release.

Amazon(PBR36) to hire 80,000 holiday workers. Click here for the Amazon press release.

CF Industries(PBR438) and Yaro International ASA terminate discussions on possible merger. Click here for the CF Industries press release.

Cytec Industries(PBR893) announces $200 million stock repurchase program. Click here for the Cytec press release.

Gap Inc(PBR167) announces $500 million stock repurchase program, follows $1 billion repurchase plan. Click here for the Gap press release.

Wednesday, October 15:
Hewlett-PackardP(PBR17) resumes stock repurchase program, returning 50%+ of free cash flow to shareholders. Click here for the HP press release.

QUALCOMM(PBR109) to acquire UK chip maker CSR for $2.5 billion. Click here for the QUALCOMM press release.

Ingredion to acquire specialty ingredients provider Penford Corp for $340 million. Click here for the Ingredion press release.

Estee Lauder(PBR242) to acquire high-end fragrancy company Le Labo, expected to close in November, terms not disclosed. Click here for the Estee Lauder press release.

Alcoa(PBR122) selling its Jamalco bauxite mining & alumina refining joint venture stake to Noble Group for $140 million. Click here for the Alcoa press release.

Beacon Roofing(PBR826) is acquiring Dallas/Ft Worth based Wholesale Roofing Supply, terms not disclosed. Click here for the BR press release.

Frontier Communications(PBR492) receives Connecticut approval to acquire AT&T(PBR12) Connecticut’s wireline service, expected to close on 10/24/14. Click here for the FC press release.

SunEdison(PBR882) Global Services Division exceeds 3 gigawatts of solar voltaic capacity worldwide. Click here for the SunEdison press release.

Chiquita Brands(PBR658) confirms receipt of $14/share revised offer from Brazil based Cutrale & Safra Groups. Click here for the Chiquita press release.

The US Dept of Labor reports that the September Producer Price Index was down -0.1%, is up 1.6% for past 12 months. Click here for the USDOL press release.

The US Dept of Commerce in the September Advance Monthly Retail/Food Services reports sales -0.3% from August, up 4.3% from Sept 2013. here for the USDOC press release.

Tuesday, October 14:
ANN(PBR772) enters into non-disclosure agreement with major stockholder Golden Gate Capital for more detailed discussions. Click here for the ANN press release.

The new board of Darden Restaurants(PBR392) appoints President/COO Gene Lee as Interim CEO, effective immediately. Click here for the Darden press release.

CME Group(PBR678) to layoff 5% of workforce, 150 positions, mostly from technology. Click here for the CME Group press release.

Gap Inc(PBR167) plans to hire 63,000 holiday season employees. Click here for the Gap press release.

Agilent Technologies(PBR365) to close its nuclear magnetic resonance business, will eliminate 300 jobs over next 12 months. Click here for the Agilent press release.

Alliance Data(PBR537) Canadian Loyalty Business signs multi-year agreement with 450 store pharmaceutical retailer Rexall. Click here for the Alliance Data press release.

Monday, October 13, Columbus Day:
Targa Resources(PBR375) is buying Atlas Pipeline & Atlas Energy(PBR748) for $7.7 billion. Click here for the Targa press release.

STERIS(PBR966) is buying UK based hospital sterilization technologies Synergy Health for $1.9 billion cash & stock. Click here for the STERIS press release.

Danaher(PBR139) to combine its Communications business with NetScout Systems(NASDAQ: NTCT) in $2.6 billion deal, to close in 2015. Click here for the Danaher press release.

General Electric(PBR9) Capital Aviation Services to acquire Ireland based helicopter lessor Milestone Aviation Group for $1.775 billion. Click here for the GE press release.

Archer-Daniels-Midland(PBR27) to acquire healthy ingredients provider Specialty Commodities for $170 million, will become part of WILD Flavors unit. Click here for the ADM press release.

JCPenney(PBR225) names Home Depot(PBR35) executive Marvin Ellison as president effective 11/01/14, to become CEO in August, 2015. Click here for the JCP press release.

AES Corp(PBR171) is selling its Turkey based energy development assets for $125 million, to close in 1st quarter 2015. Click here for the AES press release.

Ford Motor(PBR8) to hire 850 additional workers for its Dearborn Rouge F-150 plant. Click here for the Ford press release.

France’s Iliad confirms it is no longer pursuing a merger with T-Mobile US(PBR115). Click here for the Iliad press release.

Becton Dickinson(PBR319) acquires Irish based sequencing & genotyping company GenCell Biosystems, terms not disclosed. Click here for the BD press release.

Arthur J Gallagher(PBR648) is acquiring Decatur, IL retail insurance broker Bennett & Shade Co, terms not disclosed. Click here for the AJG press release.

Friday, October 10:
DJIA closes week at 16544.10, -2.74% from last Friday, -2.93% MTD & QTD, -0.20% YTD.
NASDAQ closes week at 4,276.24, -4.45% from last Friday, -4.83% MTD & QTD, +2.39% YTD.
SPX closes week at 1,906.13, -3.14% from last Friday, -3.35% MTD & QTD, +3.13% YTD.

Darden Restaurants(PBR392) preliminary results shows Starboard’s 12 nominees elected to board, new CEO to be appointed. Click here for the Darden press release.

The Blackstone Group(PBR372) financial advisory services units to spin-off, join PJT Partners, become a new public company in 2015. Click here for the Blackstone press release.

Medtronic(PBR162) announces structure & executive leadership team upon anticipated merger with Covidien. Click here for the Medtronic press release.

Caterpillar(PBR49) announces retirement of 2 group presidents, new appointments. Click here for the Caterpillar press release.

CIT Group(PBR606) & Century Tokyo Leasing form partnership for aerospace leasing. Click here for the CIT Group press release.

Amphenol(PBR504) 2:1 stock split takes effect.

Thursday, October 9:
Endo Health(PBR738) to acquire Auxilium Pharmaceuticals for $33.25/share, $2.6 billion cash & stock. Click here for the Endo Health press release.

Symantec(PBR368) to split into 2 public companies by end of 2015, a security company and an information technology company. Click here for the Symantec press release.

Kindred Healthcare(PBR476) to acquire Gentiva Health(PBR940) for $19.50/share, $1.8 billion, includes debt, to close in 1st quarter 2015. Click here for the Kindred press release.

Time Warner Cable(PBR125) shareholders approve $45.2 billion merger with Comcast(PBR44). Click here for the TWC press release.

Alaska Air(PBR459) & Association of Flight Attendants reach tentative agreement on a new 5 year contract with carrier’s 3,300 flight attendants. Click here for the Alaska Air press release.

Ashland(PBR331) selling non-core elastomers business to Lion Copolymer Holdings, terms not disclosed. Click here for the Ashland press release.

Hill-Rom(PBR945) appoints former Baxter International(PBR176) executive Carlyn Solomon as new COO. Click here for the Hill-Rom press release.

The US Census Bureau reports that August sales of merchant wholesalers was $453.9 billion, down 0.7% from July, up 5.8% from August 2013. Inventories were at $538.0 billion, up 0.1% from July, up 7.9% from August 2013. Click here for the USCB press release.

Wednesday, October 8:
Graco(PBR1066) selling its Liquid Finishing business assets to Carlisle Companies(PBR676) for $590 million cash, to close 1st quarter 2015. Click here for the Graco press release.

EMC Corp(PBR119) sent letter by shareholder Elliott Management recommending spin-off of VMWare(PBR454). Click here for the Business Wire article, which includes letter.

Yahoo!(PBR495) is laying off a third, around 500, of its India staff according to several news sources.

Gap Inc(PBR167) CEO Glenn Murphy to retire on 02/01/15, GAP digital leader Art Peck will then become next CEO. Click here for the Gap press release.

Advanced Micro Devices(AMD)(PBR451) appoints Dr. Lisa Su as president/CEO, effective immediately as Rory Read steps down. Click here for the AMD press release.

The Congressional Budget Office reports FY2014 Fed Govt receipts were $3.013 trillion, outlays were $3.499 trillion, deficit is $486 billion, down from $680 billion in FY2013. Cllick here for the CBO press release.

The Federal Reserve Board releases the minutes of its Federal Open Market Committee meeting held 09/16-17/14. Click here for the FRB FOMC minutes.

Tuesday, October 7, 2014:
DISH Network(PBR199) extends its multi-year agreement with Frontier Communications(PBR492) to bundle DISH services with its internet technologies. Click here for the DISH press release.

Cognizant Technology(PBR292) acquires digital marketing agency Cadient Group, terms not disclosed. Click here for the Cognizant press release.

Kimberly-Clark(PBR130) announces details for completion of publicly held health care spin-off Halyard Health by end of October. Click here for the Kimberly-Clark press release.

The US Dept of Labor reports that at the end of August there were 4.8 million job openings, up 0.2 million from July, that the hire rate was 3.3%, and the separations rate was 3.2%. Click here for the USDOL press release.

The US Federal Reserve Board reports that the August consumer credit annual rate was up 5%, revolving credit -0.25%, non-revolving credit +7%. Click here for the FRB press release.

Monday, October 6:
Chevron(PBR3) selling 30% interest in the Canada’s Duvernay shale assets to Kuwait based KUFPEC for $1.5 billion, now a joint partnership. Click here for the Chevron press release.

Hewlett-Packard(PBR17) to split into 2 public companies, Hewlett-Packard Enterprise & HP, Inc. by the end of 2015. Click here for the HP press release.

Actavis(PBR297) to buy developer of medicines for infectious diseases & acute illnesses Durata Therapeutics(NASDAQ: DRTX) for $23/share, $675 million. Click here for the Actavis press release.

Hilton Worldwide(PBR271) is selling the Waldorf Astoria New York to China based Anbang Insurance for $1.95 billion. Click here for the Hilton press release.

Liberty Interactive Corp(PBR232) splitting into 2 publicly held groups, QVC Group(NASDAQ: QVCA & QVCB) & eCommerce oriented Liberty Ventures Group(NASDAQ: LVNTA & LVNTB). Click here for the LIC press release.

BE Aerospace(PBR608) appoints Joseph Lower as VP/Finance, will become CFO up separation of KLX unit. Click here for the BEA press release.

Sunday, October 5:
Becton Dickinson(BD)(PBR319) to buy medical devices & instruments developer CareFusion(PBR580) for $12.2 billion. Click here for the BD press release.

Friday, October 3:
DJIA closes week at 17,009.69, -0.60% from last Friday, -0.19% MTD & QTD, +2.61% YTD.
NASDAQ closes week at 4,475.62, -0.81% from last Friday, -0.40% MTD & QTD, +7.16% YTD.
SPX closes week at 1,967.90, -0.75% from last Friday, -0.22% MTD & QTD, +6.47% YTD.

Medtronic(PBR162) announces plan for $16 billion in external debt to help finance the $49.2 billion Covidien deal. Click here for the Medtronic press release.

KKR(PBR270) Natural Resources & Fleur de Lis Energy to acquire Permian Basin properties from Linn Energy for $350 million. Click here for the Medtronic press release.

Sigma-Aldrich(PBR715) to acquire immunohistochemistry 90 person firm Cell Marque, terms not disclosed. Click here for the S-A press release.

JPMorgan Chase(PBR18) completes its $3.5 billion sale of its physical commodities business to Mercuria Energy Group & others. Click here for the JPMC press release.

Chiquita(PBR658) & Ireland based Fyffes receive European Commission approval for merger, special shareholders meeting set of 10/24/14. Click here for the Chiquita press release.

The US Dept of Labor reports 248,000 more people were working in Sept, the unemployment rate drops from 6.1% to 5.9%. Click here for the USDOL press release.

The US Dept of Commerce reports total August exports of $198.5 billion, imports of $238.6 billion, for a deficit of $40.1 billion, down from $40.3 billion in July. Click here for the USDOC press release.

Thursday, October 2:
Constellation Brands(PBR479) to acquire Mexico based AB InBev glass plant for $300 million, expand beer production, & additional plans. Click here for the CB press release.

Dow Chemical(PBR48) updates progress on $4.5-$6 billion in planned non-strategic divestitures by end of 2015. Click here for the DC press release.

Berkshire Hathaway(PBR4) to acquire largest US privately owned auto dealership Van Tuyl Group, terms not disclosed. Click here for the BH press release.

Sears Holdings(PBR81) to generate $380 million from sale of Sears Canada, close expected early November. Click here for the Sears press release.

FIS(PBR406) completes $600 million acquisition of Brussels based payments solution provider Clear2Pay. Click here for the FIS press release.

Dover(PBR295) has acquired oil & gas artificial lift & fluid handling solutions provider Accelerated Companies for $430 million. Click here for the Dover press release.

Walt Disney(PBR62) extends Chairman/CEO Robert Igor’s contract through 06/30/18. Click here for the Walt Disney press release.

The US Dept of Commerce says August new orders for manufactured goods was -$56.1 billion from July, -10.1%, to $502.0 billion. Click here for the USDOC press release.

The US Dept of Labor reports that initial jobless claims for week ending 09/27/14 was 287,000, down 8,000 from the previous week. Click here for the USDOL press release.

Wednesday, October 1:
The PBR1000 September 2014 Breaking News Recap has been released. Click here for the The PBR1000 September Breaking News Recap blog.

ADP(PBR217) completes spin-off of its Dealer Services unit CDK Global(NASDAQ: CDK). Click here for the ADP press release.

Enterprise Products(PBR56) acquires the general partner & LP interests in Oiltanking Services(NYSE: OILT) for $4.41 billion, proposes merger for $6 billion. Click here for the EP press release.

Archer-Daniels-Midland(PBR27) completes $3.13 billion acquisition of Swiss company WILD Flavors. Click here for the ADM press release.

Bank of America(PBR21) board adds Chairman title to CEO Brian Moynihan, effective immediately. Click here for the BofA press release.

General Motors(PBR7) outlines its strategic plan to achieve 9-10% margins. Click here for the GM press release.

Dollar General(PBR154) extends its $80/share offer to acquire Family Dollar(PBR254) from 10/08/14 to 10/31/14. Click here for the Dollar General press release.

Owens & Minor(PBR285) completes acquisition of procedure based kits & trays provider Medical Action Industries for $207 million. Click here for the O&M press release.

Fastenal(PBR625) has acquired aerospace product distributor Av-Tech Industries, terms not disclosed. Click here for the Fastenal press release.

Carlisle(PBR676) acquires medical devices interconnect components provider LHi Technology for $195 million. Click here for the Carlisle press release.

Beacon Roofing Supply(PBR826) has acquired Portland, ME, based residential roofing, siding, & windows distributor Applicators Sales & Service, terms not disclosed. Click here for the Beacon press release.

Babcock & Wilcox(PBR636) evaluating possible split into 2 public companies, Power Generation & Government/Nuclear Operations. Click here for the B&W press release.

SunEdison(PBR882) new proprietary polysilicon technology to slash cost of solar power to $0.40/watt by 2016. Click here for the SunEdison press release.

Lehigh Gas Partners(PBR894) general partner purchased by CST Brands, name changed to CrossAmerica Partners, LP, will start trading on NYSE: CAPL.

Centrus Energy(PBR1030), fka USEC Corporation, names Mikel Williams as chairman, Chief Restructuring Officer John Castellano to become Interim President/CEO on 10/17/14 while search for CEO starts. Click here for the SunEdison press release.

The US Census Bureau reports that the construction spending annual rate for August was $961.0B, down from $968.8B in July. Click here for the Census press release.

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

(Photo courtesy of freedigitalphotos.net, Vichaya Kiatying-Angsulee.)

The PBR1000: The September 2014 Stocks/Commodities Snapshot

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What Is Really Happening with the Stock Market?

By Larry C. Paxton

The PBR1000 September 2014 Snapshots include news and stock data through September 30 and annual 10-K reports filed with the SEC from 2013 through July 2014. For this monthly report one company was deleted(Susser Holdings(PBR399), acquired and de-listed) for a total of 1,086.

A sample of The PBR1000 May 2014 Snapshot is available for download at the top of the “Sample Snapshots” page.

The tables below are compiled from The PBR1000 September 2014 Snapshots, with 14 reports. Current The PBR1000 Subscribers should have already received the report.

While August saw the stock exchanges reach record highs, September ended  with significant losses. Is this the adjustment the Bears keep talking about? Or is it based on a lot of uncertainties not only in the US, but around the world? Continued issues include the Ukraine/Russia conflict, with a fragile ceasefire in place, but no resolution really in sight. More unsettling has been the attacks on ISIS in Iraq and Syria. As with Ukraine, what is the world’s responsibility, how should it proceed, what results do all parties want? Here in the US voters are being bombarded with all kinds of confusing, mostly negative messages, for the upcoming midterm elections. It looks like the Republicans will retain control of the House, but the Senate is still questionable, and regardless of what happens, it still looks like gridlock for the next congressional session. The European economic recovery is rather anemic, China is not experiencing as high a growth rate. New developments include the pro-democracy demonstrations in Hong Kong, How will China deal with this very visible and widely reported event? Another event and a growing concern is the Ebola outbreak in West Africa. How can these nations and the world contain this very nasty virus? How widespread will it become, how will it affect the economies of the world? In the US the economic recovery is still weak, unemployment, while gradually dropping, is still too high, income inequality is becoming a bigger issue. The Federal Reserve Board continues to be very cautious, and that seems to have worked well so far. With all the big question marks, how will  the world stock and commodities markets respond?

In the following tables the stock price is for the close of trading on September 30th, Month % Chg is compared to August 29, YTD % Chg is compared to December 31, 2013, and the 21 Mos % Chg is compared to December 31, 2012.

Table 1: The PBR1000 Stock Price Composite

Table 1 Summary: Made up of the sum of the stock prices of the 1,087 companies currently tracked by The PBR1000.

Company Price
09/30/14
Mo
% Chg
YTD
% Chg
21 Mos
% Chg
The PBR1000 277,379.26 -0.57 12.62 50.18

 

Table 2: The PBR1000 Top 5 Month Stock Price % Gainers

Table 2 Summary: Range was 30.78% to -83.46%. 235 out of 1,086 stock prices were up 0.00% or more, or 21.64% of the companies tracked. The median was a gain of -4.15%

Company PBR
Rank
Symbol Price
09/30/14
Mo
% Chg
YTD
% Chg
21 Mos
% Chg
Sigma-Aldrich
715 SIAL 136.01 30.78 44.68 84.85
Ulta Salon
725 ULTA 118.17 21.44 22.43 20.26
Vertex Pharmaceutical
1043 VRTX 112.31 20.03 51.16 168.04
Lands’ End
978 LE 41.12 19.26 n/a n/a
Dresser-Rand
663 DRC 82.26 18.70 36.33 46.53

 

Table 3: The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 3 Summary: Range was 123.64% to -97.67%. 599 out of 1,082 stock prices were up 0.00% or more, or 55.36% of the companies tracked. The median was a gain of 1.90%.

Company PBR
Rank
Symbol Price
09/30/14
Mo
% Chg
YTD
% Chg
21 Mos
% Chg
RF Micro Devices
1055 RFMD 11.54 -7.46 123.64 157.59
Greenbrier Companies
931 GBX 73.38 2.60 123.45 353.80
Green Plains Renewable Energy
661 GPRE 37.39 -16.33 92.93 372.69
Pilgrim’s Pride
305 PPC 30.56 2.31 88.06 322.10
Southwest Airlines
151 LUV 33.77 5.50 79.25 229.79

 

Table 4: The PBR1000 Top 5 21 Months Stock Price % Gainers

Table 4 Summary: Range was 934.62% to -99.10%. 922 out of 1,064 stock prices were up 0.00% or more, or 86.55% of the companies tracked. The median was a gain of 35.58%.

Company PBR
Rank
Symbol Price
09/30/14
Mo
% Chg
YTD
% Chg
21 Mos
% Chg
Fannie Mae 16 FNMA 2.69 -30.85 -10.63 934.62
Freddie Mac 33 FMCC 2.64 -30.89 -8.97 915.38
Tesla Motors
881 TSLA 242.68 -10.02 61.33 616.50
SunPower Corp
768 SPWR 33.88 -11.36 13.65 502.85
SunEdison 882 SUNE 18.88 -14.30 44.67 488.16

 

Table 5: The PBR1000 Selected Stock Exchanges/Commodities

Company Price
09/30/14
Mo
% Chg
YTD
% Chg
21 Mos
% Chg
DJIA 17,042.90 -0.32 2.81 30.06
NASDAQ 4,493.39 -1.90 7.59 48.81
S&P500 1,972.29 -1.55 6.70 38.29
Gold 1,211.70 -5.88 0.78 -27.96
Silver 17.06 -12.47 -11.93 -43.81
Oil 91.16 -5.00 -7.38 -2.71

 

Have questions on The PBR1000 or The PBR US Indices Monthly Snapshot? Please contact us at Sales@PBRMarketTools.com or call us at 520-282-4100.

(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 hywards/FreeDigitalPhotos.net)

The PBR1000: The September 2014 Breaking News Recap!

business strategy process

Which Direction Should The Company Take?

 

By Larry C. Paxton

September featured a lot of  The PBR1000 mergers, acquisitions, spin-offs, a major IPO, and some changes in leadership. Additionally, there is continuing uncertainty and questions about the current and future effects of the phasing out of the Federal Reserve Quantitative Easing program.  The Treasury Department issued a ruling making mergers with foreign corporations for tax purposes a big question mark as well. Other impacts will be reviewed in The PBR1000 Stocks/Commodities Snapshot that will be released in a few days.

Breaking news items of interest for September for The PBR1000 follow, with the most current date first.

Tuesday, September 30:
Stock Exchanges Recap for the month of September:
DJIA closes at 17,042.90, -0.41% from last Friday, -0.32% MTD, +1.29% QTD, +2.81% YTD.
NASDAQ closes at 4,493.39, -0.42% from last Friday, -1.90% MTD, +1.93% QTD, +7.59% YTD.
SPX closes at 1,972.29, -0.53% from last Friday, -1.55% MTD, +0.62% QTD, +6.70% YTD.

eBay(PBR169) & payments unit PayPal to become separate public companies in 2nd half 2015. Click here for the eBay press release.

Yahoo!(PBR495) sold 140 million shares of Alibaba for $9.4 billion according to 8-K report. Click here for the Yahoo! filing.

Johnson & Johnson(PBR39) announces agreement to acquire private clinical stage company Alios BioPharma for $1.75 billion cash. Click here for the J&J press release.

Murphy Oil(PBR446) to sell some of its Malaysian assets for $2.0 billion. Click here for the Murphy Oil press release.

Masco(PBR314) to spin-off its installation & other services business into a separate independent public company. Click here for the Masco press release.

Johnson Controls(PBR65) wants to divest its non-core global facilities management unit Global Workplace Solutions. Click here for the Johnson Controls press release.

News Corp(PBR299) to acquire online real estate listings service Move(NASDAQ: MOVE) for $950 million. Click here for the News Corp press release.

DR Horton(PBR395) announces retirement of CEO Donald Tomnitz, to be succeeded by COO David Auld on 10/01/14. Click here for the DRH press release.

Monday, September 29:
Macy’s(PBR97) to hire around 86,000 associates for the holiday season, 3.6% more than 2013. Click here for the Macy’s press release.

Cisco(PBR54) announces completion of privately held MetaCloud acquisition, 30 companies add support to the Intercloud. Click here for the Cisco press release.

ADT(PBR627) non-compete expires, ready to enter commercial security business. Click here for the ADT press release.

The US Dept of Commerce says August personal income +0.3%, disposable income +0.3%, personal consumption expenditures +0.5% over July. Click here for the USDOC press release.

Sunday, September 28:
NiSource(PBR424) announces plan to split into 2 separate public companies. Click here for the NiSource press release.

Friday, September 26:
Stock Exchanges Recap for the Week:
DJIA closes at 17,113.15, -0.96% from last Friday, +0.09% MTD, +1.70% QTD, +3.24% YTD.
NASDAQ closes at 4,512.19, -1.48% from last Friday, -1.49% MTD, +2.36% QTD, +8.04% YTD.
SPX closes at 1,982.85, -1.37% from last Friday, -1.02% MTD, +1.15% QTD, +7.28% YTD.

Yahoo!(PBR495) confirms it is reviewing a letter from major stockholder Starboard suggesting a merger with AOL(PBR805). Click here for the Yahoo! press release.

AutoBlog reports that Ford Motor(PBR8) recalls 850,000 2013/2014 cars & SUVs for airbag issues. Click here for the AutoBlog notice.

Abbott Labs(PBR127) completes its acquisition of Latin American based CFR Pharmaceuticals for $2.9 billion plus debt. Click here for the Abbott Labs notice.

Chiquita Brands(PBR658) announces revised merger agreement with Ireland based Fyffes. Click here for the Chiquita press release.

The US Dept of Commerce in 3rd estimate report says GDP was 4.6% at an annual rate in 2nd quarter 2014. Click here for the USDOC press release.

Thursday, September 25:
GameStop(PBR287) announces it plans to hire 25,000 holiday workers, up 47% from last year. Click here for the GameStop press release.

DIRECTV(PBR90) stockholders approve merger with AT&T(PBR12), expected to close in 1st half of 2015. Click here for the DIRECTV press release.

Ford Motor(PBR8) has exceeded the UAW job commitment with 14,000+ new jobs created since 2011. Click here for the Ford press release.

Lockheed(PBR61) increases stock repurchase program by $2.0 billion. Click here for the Lockheed press release.

Blackhawk Network(PBR1058) to acquire global incentive solutions provider Parago for $290 million. Click here for the Blackhawk Network press release.

LabCorp(PBR418) to acquire cardiovascular diagnostic lab tests on NMR provider LipoScience(NASDAQ: LPDX) for $5.25/share, $85.3 million transaction value. Click here for the LabCorp press release.

Energy Transfer Equity(PBR55) announces 1st step of acquisition of Susser Holdings(PBR399), name change to Sunoco. Click here for the ETE press release.

Symantec(PBR368) appoints Michael Brown as CEO, had been interim CEO. Click here for the Symantec press release.

Coach(PBR486) announces the retirement of executive chairman Lew Frankfort. Click here for the Coach press release.

In its advance report The US Dept of Commerce says August orders for US durable goods were $245.4 billion, down 18.2% from July. Click here for the USDOC press release.

The US Dept of Labor reports that median employee tenure unchanged at 4.6 years in January 2014 compared to January 2012. Click here for the USDOL press release.

Wednesday, September 24:
Valeant Pharmaceuticals(NYSE: VRX) in its 3rd quarter results includes an open letter to Allergan(PBR391) CEO regarding the proposed merger, offers an “olive branch.” Click here for the Valeant press release.

Walmart(PBR1) to provide an exclusive low cost checking account nationwide through Green Dot Corp(NYSE: GDOT) by the end of October. Click here for the Walmart press release.

Hasbro(PBR560) announces new merchandising relationship with Walt Disney(PBR62) for Princess & Frozen dolls starting in 2016. Click here for the Hasbro press release.

In a jury trial Boston Scientific(PBR350) is found responsible for licensing breach, $308 million awarded plaintiff, plans to appeal decision. Click here for the BS SEC 8-K filing.

The US Dept of HUD reports August new family home sales at a 504,000 annual rate, up from 427,000 in July, median price $275,600. Click here for the HUD press release.

Tuesday, September 23:
General Motors(PBR7) to create a separate Cadillac business unit in 2015 with global headquarters in New York City. Click here for the GM press release.

Spectrum Brands(PBR559) buying Proctor & Gamble’s(PBR32) European pet food business, does $200 million/year, terms not disclosed. Click here for the SB press release.

CF Industries(PBR438) confirms merger of equals discussions with Yara International ASA(OSLO: YAR). Click here for the CFI press release.

Starbucks(PBR185) to buy remaining 60.5% share of 1,000+ locations Starbucks Japan in 2 step process for $913 million. Click here for the Starbucks press release.

Monday, September 22:
Sigma-Aldrich(PBR715) being bought by Germany based Merck for $140/share, $17 billion cash. Click here for the S-A press release.

Clorox(PBR428) announces it is closing its Venezuela operations because of local economic policies, seeking a buyer for those assets. Click here for the Clorox press release.

Endo Health(PBR738) responds to rejected $2.2 billion bid for Auxilium Pharmaceuticals, tells why the merger is good. Click here for the EH press release.

Apple(PBR6) reports it sold a record of over 10 million iPhone6/iPhone6 Plus devices over the first weekend after launch. Click here for the Apple press release.

Arthur J Gallagher(PBR648) acquires healthcare consulting firm The Benfield Group. Click here for the AJG press release.

Adobe Systems(PBR564) acquires developer of software development kits for mobile apps Aviary. Terms not disclosed. Click here for the Adobe press release.

Owens & Minor(PBR285) to acquire Ireland based privately held surgical kitting company ArcRoyal. Terms not disclosed. Click here for the O&M press release.

Dun & Bradstreet(PBR957) in a joint partnership to provide its business data on the data-as-a-service cloud platform of Oracle(PBR75). Click here for the D&B press release.

The US Treasury comments on targeted actions it is taking to discourage corporate inversions. Click here for the Treasury press release.

The National Association of Realtors reports existing home sales in August closed at a 5.05 million annual rate, down from 5.14 million in July. Click here for the NAR press release.

Sunday, September 21:
Dresser-Rand(PBR663) agrees to be acquired by Germany based Siemens AG for $83/share, $7.6 billion cash total transaction value. Click here for the D-R press release.

Ferro Corp(PBR962) acquiring Italian tile coatings manufacturing firm Vetriceramici for $108 million cash. Click here for the Ferro Corp press release.

Friday, September 19:
Stock Exchanges Recap for the Week:
DJIA closes at 17,279.74, +1.72% from last Friday, +1.06% MTD, +2.69% QTD, +4.24% YTD.
NASDAQ closes at 4,579.79, +0.27% from last Friday, -0.01% MTD, +3.89% QTD, +9.65% YTD.
SPX closes at 2,010.40, +1.25% from last Friday, +0.35% MTD, +2.56% QTD, +8.77% YTD.

In the largest IPO in US history China based Alibaba(NYSE: BABA) opens at $92.70, closes at $93,89, up 38.07% over the $68.00 initial asking price. Market cap at $231.44 billion.

Safeway(PBR83) CEO to become President/CEO of combined company with acquirer Albertsons, other management named. Click here for the Safeway press release.

Scotland votes 55% to 45% to stay a member of the United Kingdom rather than become a separate independent country.

Thursday, September 18:
Air Products(PBR260) to reorganize into 7 reporting segments starting 10/01/14. Click here for the Air Products press release.

Kroger(PBR24) opens 2,000th fuel center, is 3rd largest US fuel centers operator. Click here for the Kroger press release.

Home Depot(PBR35) says it has completed malware elimination, could have affected 56 million cards from April to September. Click here for the Home Depot press release.

AIG(PBR41) CEO announces company reorganization, new leadership structure. Click here for the AIG press release.

The Financial Post reports that Costco(PBR19) Canada is switching from American Express(PBR85) to Capital One(PBR116) & Mastercard(PBR307) as exclusive credit card issuers at the beginning of 2015. Click here for the Financial Post article.

Oracle(PBR75) appoints Larry Ellison as Exec Chairman/Chief Technology Officer, Safra Catz & Mark Hurd as Co-CEOs. Click here for the Oracle press release.

JetBlue(PBR441) announces president Robin Hayes to succeed Dave Barger as CEO on 02/16/15. Click here for the JetBlue press release.

Clorox(PBR428) announces that EVP/COO Benno Dorer to become CEO on 11/20/14, Don Knauss to continue as Chairman. Click here for the Clorox press release.

Brunswick(PBR576) completes sale of its retail bowling centers to Bowlmor AMF for $270 million. Click here for the Brunswick press release.

Spectrum Brands(PBR559) is acquiring privately held $40 million/year doors, locks, & hardware manufacturer Tell Manufacturing, terms not disclosed. Click here for the SB press release.

The US Census Bureau/Dept of HUD reports SAAR August building permits of 998,000, down 5.6% from revised July rate, up 5.3% from August 2013. Housing starts are at 956,000, down 14.4% from July, up 8.0% from August 2013. Click here for the Census/HUD joint press release.

The US Dept of Commerce reports that 2nd quarter travel & tourism generated $1.5 trillion in revenues & employed 7.7 million people directly & indirectly. Click here for the USDOC press release.

The US Dept of Labor reports that the median number of years wage and salary workers have been with their current employer was 4.6 yrs in Jan 2014, same as in Jan 2012. Click here for the USDOL press release.

Wednesday, September 17:
Endo Health(PBR738) proposes acquisition of men’s healthcare products developer Auxilium Pharmaceuticals for $28.10/share, $2.2 billion cash & stock. Click here for the Endo Health press release.

Dupont(PBR82) sent letter by large shareholder Trian Partners recommending more aggressive divestments to double shares value. Click here for the Trian press release & letter.

Family Dollar(PBR254) board recommends rejection of Dollar General(PBR154) offer, reaffirms Dollar Tree(PBR328) deal. Click here for the Family Dollar press release.

Dollar General(PBR154) responds to Family Dollar(PBR254) saying it is still committed to the acquisition, will make $80/share tender offer to shareholders. Click here for the Dollar General press release.

Cisco(PBR54) to acquire privately held MetaCloud, provider of large private open-stack clouds. Terms not disclosed. Click here for the Cisco press release.

Arthur J Gallagher(PBR648) acquires NY, NY based retail insurance broker Hagedorn & Co. Terms not disclosed. Click here for the AJG press release.

Agilent Technologies(PBR365) announces SVP Mike McMullen is now President/COO, to become CEO on 03/18/15, succeeding current CEO Bill Sullivan. Click here for the Agilent press release.

Agilent Technologies(PBR365) to spin-off electronic measurements subsidiary Keysight into separate public company, NYSE: KEYS, on 11/01/14. Click here for the Agilent press release.

Amazon(PBR36) introduces $199 Kindle Voyager & new $79 Kindle ebook readers. Click here for the Amazon press release.

Amazon(PBR36) introduces new Fire HD Tablet, 6″ $99, 7″ $139. Click here for the Amazon press release.

The US Dept of Labor says the Consumer Price Index(Urban) was down 0.2% in August, increased 1.7% over the last 12 months. Click here for the USDOL press release.

The US Dept of Labor says August Current Average Earnings/Hour is $24.53, up 0.25% over July, 34.5 hour average work week. Click here for the USDOL press release.

Tuesday, September 16:
Rackspace(PBR983) names company veteran Taylor Shore as its new CEO & board member. Co-founder Graham Weston is now the non-executive chairman. Click here for the Rackspace press release.

Rackspace(PBR983) decides to remain an independent entity after evaluating several merger possibilities. Click here for the Rackspace press release.

NASA awards Boeing(PBR31) $4.2 billion and private SpaceX $2.6 billion to develop manned transport capability to the International Space Station by 2017. Click here for the NASA press release.

Humana(PBR71) board authorizes $2 billion stock buyback program through end of 2016. Click here for the Humana press release.

KKR(PBR270) completes its $1.1 billion acquisition of Singapore based packaging company Goodpack. Click here for the KKR press release.

KKR(PBR270) to invest $551 million to own 85% of Japan based electronics manufacturer Pioneer spin-off Pioneer DJ. Click here for the KKR press release.

Eli Lilly(PBR121) to contribute up to $500 million in alliance with AstraZeneca to co-develop a potential treatment for Alzheimer’s disease. Click here for the Eli Lilly press release.

Assurant(PBR286) names Alan B. Colberg as its new President. On 01/01/15 he will also become CEO & board member, succeeding Robert Pollock, who will be retiring. Click here for the Assurant press release.

The US Dept of Labor reports that the Total Producer Price Index was unchanged in August at 0.0%, up 1.8% for the past 12 months. Click here for the USDOL press release.

Monday, September 15:
Microsoft(PBR30) announces it is acquiring MineCraft game developer Mojang for $2.5 billion. Click here for the Microsoft press release.

TRW Automotive(PBR155) to be acquired by Germany auto supplier ZF Friedrichshafen AG for $105.60/share, $13.5 billion cash. Click here for the TRWA press release.

Apple(PBR6) announces over 4 million pre-orders for iPhone6 & iPhone6 Plus in under 24 hours. Click here for the Apple press release.

Cognizant Technology(PBR292) to acquire privately held healthcare IT software developer TriZetto for $2.7 billion cash. Click here for the Cognizant press release.

Danaher(PBR139) to acquire Swiss based dental implant restorations company Nobel Biocare for $2.2 billion. Click here for the Danaher press release.

Brocade Communication(PBR831) has acquired privately held network visibility & analytics technology company Vistapointe, terms not disclosed. Click here
for the Brocade press release.

RadioShack(PBR617) appoints long time advisor Holly Etlin as interim CFO after departure of John Feray. Click here for the RadioShack press release.

Popular(PBR752) completes the sale of its Central Florida Regional Operations to Harbor Community Bank. Click here for the Popular press release.

AvalonBay Communities(PBR996) selling its 20% $6 million initial investment share of NY, NY, Avalon Christie Place for $108 million. Click here for the AvalonBay press release.

Blackhawk Network(PBR1058) acquires online provider of customizable prepaid incentive and rewards cards company CardLab, terms not disclosed. Click here for the Blackhawk Network press release.

Magellan Health(PBR604) announces the opening of its new corporate headquarters in Scottsdale, Arizona, was previously in Connecticut. Click here for the Blackhawk Network press release.

The US Federal Reserve Board reports that the August industrial production index was down 0.1%, the manufacturing output index was down 0.4%. Click here for the FRB press release.

Friday, September 12:
Stock Exchanges Recap for the Week:
DJIA closes at 16,987.51, -0.87% from last Friday, -0.65% MTD, +0.96% QTD, +2.48% YTD.
NASDAQ closes at 4,567.60, -0.33% from last Friday, -0.28% MTD, +3.62% QTD, +9.36% YTD.
SPX closes at 1,985.54, -1.10% from last Friday, -0.89% MTD, +1.29% QTD, +7.42% YTD.

The PBR1000 August 2014 Monthly Snapshot is released. It includes a new quarterly rankings by revenues for annual 10-Ks filed through 06/30/14, an updated CEOs list, and 1,087 companies(4 companies have been removed(acquired, no longer listed), and 12 new companies.)

Darden Restaurants(PBR392) issues statement regarding Starboard’s operational plan, provides progress report on Olive Garden efforts. Click here for the Darden press release.

ADP(PBR217) spin-off of new publicly held CDK Global(NASDAQ:CDK) to be completed after market close on 09/30/14. Click here for the ADP press release.

Arthur J Gallagher(PBR648) acquires Australian based insurance broker Parmia Pty, terms not disclosed. Click here for the AJG press release.

The US Dept of Commerce reports preliminary estimate of August retail & food services revenues of $444.4 billion, up 0.6% from July. Click here for the USDOC press release.

The US Dept of Commerce reports trade sales & manufacturers’ shipments for July were estimated at $1,360.3 billion, up 0.8% from June. Click here for the USDOC press release.

Thursday, September 11:
Patriot Day. 13th Anniversary of 9/11.

Alliance Data(PBR537) to acquire digital marketing company Conversant(NR)(NASDAQ: CNRV) for $35/share, $2.3 billion in cash & stock. Click here for the Alliance Data press release.

Radio Shack(PBR617) in 2nd quarter results report says it is pursuing comprehensive recapitalization options. Click here for the Radio Shack press release.

Abbott Labs(PBR127) announces new $3 billion stock repurchase program, declares 363rd consecutive quarter of paying dividends. Click here for the Abbott Labs press release.

Alcoa(PBR122) signs $1+ billion multiyear supply contract with Boeing(PBR31), to be sole supplier for aluminum alloy wing skins. Click here for the Abbott Labs press release.

Eastman Chemical(PBR280) to acquire specialty chemical company Taminco(NYSE: TAM) for $2.8 billion, expected to close by end of 2014. Click here for the Eastman Chemical press release.

Continental Resources(PBR614) 2:1 stock split takes effect today, closes at $75.79/share.

The US Dept of the Treasury reports August receipts of $194.2 billion, outlays of $323.0 billion, for a $128.7 billion deficit, $589.2 billion deficit YTD. Click here for the Treasury press release.

Wednesday, September 10:
JDS Uniphase(PBR936) to split into an optical components & commercial lasers company & a network and service enablement company. Click here for the JDSU press release.

Activision Blizzard(PBR510) sells over $500 million of its Destiny Worldwide game on first day of availability. Click here for the Activision Blizzard press release.

TRW Automotive(PBR155) selling its engine valve business to Federal-Mogul(NR)(NASDAQ: FDML) for $385 million cash, to close 1st quarter 2015. Click here for the TRWA press release.

AutoNation(PBR152) acquiring Audi, Mercedes-Benz, Porsche and Volvo stores in the Seattle-Bellevue market from Barrier Motors(NR). Click here for the AutoNation press release.

Chiquita Brands(PBR658) signs confidentiality agreement with Brazil’s Cutrale/Safra Groups similar to $1.07 billion Fyffes deal. Click here for the Chiquita press release.

Baxter International(PBR176) announces Baxalta as the name of the new global biopharmaceutical public company to be spun-off in mid 2015. Click here for the Baxter press release.

Viacom(PBR200) completes acquisition of UK’s Channel 5 for $757 million. announces 1st joint programming commission. Click here for the Viacom press release.

Sony to make available 22 Viacom(PBR200) networks on its cloud TV service. Click here for the Viacom press release.

Google(PBR46) acquiring tremor-cancelling device developer LiftLabs, terms not disclosed. Click here for the Google posts.

The US Dept of Commerce reports that Monthly Wholesale Trade for July(Preliminary) was $533.8 billion in inventories, $458.6 billion in sales. Click here for the USDOC press release.

The US Dept of Labor reports that private employers spent an average of $30.11/hr on employee compensation in June, $9.09 of it for benefits. Click here for the USDOL press release.

Tuesday, September 9:
Apple(PBR6) announces mobile payments Apple Pay, the iPhone6 & iPhone6 Plus, and the Apple Watch in 3 press releases. Click here for the Apple Pay press release, click here for the Apple iPhone6 press release, and click here for the Apple Watch press release.

The US Congressional Budget Office(CBO) reports that the preliminary Oct-Aug Federal Government Income was $2.663 trillion, outlays were $3.252 trillion, with a deficit of $589 billion, $166 billion less than last year. Click here for the CBO press release.

Arthur J Gallagher(PBR648) acquires employee benefits agency Everett James, no terms disclosed. Click here for the AJG press release.

The US Dept of Labor reports that 2013 average spending was $51,100 per consumer unit(household), down 0.7% from 2012. Click here for the USDOL press release.

The US Dept of Labor reports end of July job openings was 4.7 million, same as June, hire rate of 3.5%, separations rate of 3.3%. Click here for the USDOL press release.

The US Dept of Labor reports an August labor participation rate of 62.8%, an employment/population ratio of 59.0%, and an unemployment rate 6.1%, all little changed for the last few months. Click here for the USDOL press release.

Monday, September 8:
General Electric(PBR9) selling its appliances business to Swedish based Electrolux for $3.3 billion, to close in 2015. Click here for the GE press release.

General Mills(PBR149) to buy branded organic & natural food products producer Annie’s(NYSE: BNNY) for $46/share, $820 million total. Click here for the General Mills press release.

Hertz(PBR249) announces that Chairman/CEO Mark Frissora is stepping down for personal reasons, Hertz Equipment Rental unit President/CEO Brian M MacDonald named Interim CEO. Click here for the Hertz press release.

Home Depot(PBR35) confirms its payment data systems have been breached, investigating from April on to determine scope. Click here for the Home Depot press release.

FMC Corp(PBR578) to acquire Denmark based multinational crop protection company Cheminova for $1.8 billion. Click here for the FMC Corp press release.

Bemis(PBR466) is selling its global Pressure Sensitive Materials unit(MACtac) to private equity firm Platinum Equity for $170 million, 4th quarter close. Click here for the Bemis press release.

Chiquita(PBR658) postpones special shareholders meeting to 10/03/14 re Ireland based Fyffes merger, also now open again to merger with Brazilian Cutrale/Safra Groups. Click here for the Chiquita press release.

The US Federal Reserve Board reports that consumer credit grew by $26 billion in last month, 9.7% annual growth rate. Click here for the FRB press release.

Friday, September 5:
Stock Exchanges Recap for the Week:
DJIA closes at 17,137.36, +0.23% over last Friday & MTD, +1.85% QTD, +3.38% YTD.
NASDAQ closes at 4,582.90, +0.06% over last Friday & MTD, +3.96% QTD, +9.73% YTD.
SPX closes at 2,007.71, +0.22% over last Friday & MTD, +2.42% QTD, +8.62% YTD.

Allergan(PBR391) sets up special stockholders meeting for 12/18/14 in response to Pershing Square letter. Click here for the Allergan press release.

Kroger Co(PBR24) announces plan to hire 20,000 permanent employees in its supermarket divisions. Click here for the Kroger press release.

Dollar General(PBR154) reconfirms its intent to acquire Family Dollar(PBR254) after latest $80/share offer rejection. Click here for the Dollar General press release.

The US Dept of Labor reports that total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate was little changed at 6.1 percent. Click here for the USDOL press release.

Thursday, September 4:
Darden Restaurants(PBR302) issues open letter to shareholders recommending its board concept, has initiated search for new CEO. Click here for the Darden press release.

Tesla(PBR881) announces that Nevada has been selected for its lithium battery gigafactory. Click here for the Tesla press release.

Mattress Firm to acquire West Coast based specialty bedding retailer The Sleep Train for $425 million. Click here for the Mattress Firm press release.

Assurant(PBR286) acquires residential valuations products/services provider eMortgage Logic for $17 million plus incentives. Click here for the Assurant press release.

The Nordstrom(PBR214) board authorizes $1 billion share repurchase program. Click here for the Nordstrom press release.

The SandRidge Energy(PBR885) board approves an up to $200 million common stock repurchase program. Click here for the SandRidge press release.

Johnson & Johnson(PBR39) responds to ebola crisis with commitment to accelerate vaccine program in collaboration with the US National Institutes of Health (NIH) and provide humanitarian relief aid. Click here for the J&J press release.

The US Dept of Commerce reports that the July 2014 international trade deficit decreased 0.6 percent from June, to $40.5 billion. Exports increased 0.9 percent, to $198.0 billion, and imports rose 0.7 percent, to $238.6 billion. Click here for the USDOC press release.

The US Dept of Labor reports that productivity increased 2.3 percent in the nonfarm business sector in the second quarter of 2014; unit labor costs decreased 0.1 percent (seasonally adjusted annual rates). In manufacturing, productivity increased 3.3 percent and unit labor costs decreased 1.6 percent. Click here for the USDOL press release.

Wednesday, September 3:
KKR(PBR270) is selling its 74% stake in Versatel GmbH to German/European based United Internet AG for $1.7 billion. Click here for the KKR press release.

AbbVie(PBR142) & Google(PBR46) backed Calico to co-invest $1.5 billion to develop age-related diseases therapies. Click here for the AbbVie press release.

CVS Caremark(PBR13) changes name to CVS Health, ends tobacco sales 1 month early. Click here for the CVS press release.

Men’s Wearhouse(PBR775) announces early termination agreement between Jos. A. Bank & Jim’s Formal Wear. Click here for the Men’s Wearhouse press release.

AutoData Corp reports US light vehicle sales in August were at a 17.53 million seasonally adjusted annual rate, up from 16.48 million in July. Click here for the AutoData website & spreadsheet download.

The Congressional Budget Office(CBO) projects federal public held debt to be $12.8 trillion by fiscal year end, $20.6 trillion by 2024. Click here for the CBO press release.

The US Census Bureau releases the July Manufacturers’ Shipments, Orders, Inventories Report. New orders up 10.5% over June to $558.3B. Click here for the Census Bureau press release.

The OECD reports global unemployment to remain above pre-crisis levels through 2015. Click here for the OECD press release.

Tuesday, September 2:
Dollar General(PBR153) ups bid for Family Dollar(PBR253) to $80/share, addresses antitrust issues. Click here for the DG press release.

Boston Scientific(PBR351) closes its $415 million cash acquisition of interventional division of Bayer AG. Click here for the BS press release.

AutoZone(PBR283) to acquire original equipment import replacement parts distributor Interamerican Motor Corp(NR). Terms not disclosed. Click here for the AutoZone press release.

Halliburton(PBR93) reaches $1.1 billion settlement on claims related to the 2010 Macondo well incident in the Gulf of Mexico. Click here for the Halliburton press release.

Duke Energy(PBR112), Piedmont Natural Gas(PBR1032) select Dominion Resources(PBR203) to build 550-mile natural gas ‘Atlantic Coast Pipeline’ for $4.5 billion+. Click here for the Duke Energy press release.

Archer-Daniels-Midland(ADM)(PBR27) is selling its global chocolate business to Cargill(NR) for $440 million. Click here for the ADM press release.

Allergan(PBR392) files answer in Federal Court responding to Valeant and Pershing Square’s counterclaims. Click here for the Allergan press release.

Darden Restaurants(PBR302) announces new director nominees of reconstituted board for 2014 annual meeting of shareholders. Click here for the Darden press release.

Brookdale Senior Living(PBR688) & HCP(PBR861) complete $1.2 Billion CCRC(continuing care retirement communities) joint venture & amendment of former Emeritus leases. Click here for the Brookdale press release.

AGL Resources(PBR502) completes the sale of its Tropical Shipping insurance unit to Seattle based Saltchuk Resources for $220 million after taxes. Click here for the AGL press release.

Baker Hughes(PBR124) acquires Weatherford International’s pipeline & specialty services business for $250 million. Click here for the Baker Hughes press release.

Albemarle(PBR738) completes sale of its antioxidant, ibuprofen and propofol businesses to SI Group. No terms disclosed. Click here for the Albemarle press release.

A. Schulman(PBR855) continues growth in Asia Pacific with acquisition of Australia-based Compco for $6.7 million cash. Click here for the A. Schulman press release.

The US Dept of Census reports total annual rate of construction in July($981.3B) was +1.8% over revised June($963.7B). Click here for the Census press release.

Monday, September 1:
US Federal Holiday: Labor Day

The PBR1000 August 2014 Breaking News Recap is published. Click here for the blog post.

AIG(PBR41) announces that Peter D. Hancock is now President/CEO, per succession plan announced on 06/10/14. Click here for the AIG press release.

United Parcel Service(UPS)(PBR50) has new CEO, David Abney.

TeamHealth(PBR538) new President/CEO is Mike Snow.

(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.)

The PBR1000: The August 2014 Stocks/Commodities Snapshot

ID-100284117-bull market-hywards

How Long Can The Bull Keep Running?

 

By Larry C. Paxton

The PBR1000 August 2014 Snapshot and the new Quarterly Report reflects the latest annual 10-K reports filed with the SEC from 2013 through June 2014, stock data through August 29, the last trading day of the month. For this monthly report 4 companies were deleted(acquired and de-listed), and 12 companies were added, for a total of 1,087.

The next quarterly rankings update should be with the November Snapshots. The quarterly The PBR1000 By Industry is available, a new The PBR1000 By State will come out during September.

A sample of The PBR1000 May 2014 Snapshot is available for download at the top of the “Sample Snapshots” page.

The tables below are compiled from The PBR1000 August 2014 Snapshot, with 14 reports. Current The PBR1000 Subscribers should have already received these.

The stock exchanges reached record highs again during the month, and closed August strong, extending the long bull market run. But the bear proponents say a correction is due. Ukraine and the Mideast conflicts continue to create daily swings in the markets, Europe is still experiencing a very slow recovery, the Federal Reserve will soon be eliminating the Quantitative Easing program, and  upcoming mid-term elections usually create a dip. The US economy, still regarded as fragile, nevertheless continues to stabilize and have an upward trend

In the following tables the stock price is for the close of trading on August 29th, Month % Chg is compared to July 31, YTD % Chg is compared to December 31, 2013, and the 20 Mos % Chg is compared to December 31, 2012.

Table 1: The PBR1000 Stock Price Composite

Table 1 Summary: Made up of the sum of the stock prices of the 1,087 companies currently tracked by The PBR1000.

Company Price
08/29/14
Mo
% Chg
YTD
% Chg
20 Mos
% Chg
The PBR1000 279,208.19 7.96 13.26 51.05

 

Table 2: The PBR1000 Top 5 Month Stock Price % Gainers

Table 2 Summary: Range was 158.06% to -79.94%. 917 out of 1,087 stock prices were up 0.00% or more, or 84.36% of the companies tracked. The median was a gain of 4.33%

Company PBR
Rank
Symbol Price
08/29/14
Mo
% Chg
YTD
% Chg
20 Mos
% Chg
Radio Shack
617 RSH 1.60 158.06 -38.46 -24.53
Chiquita Brands
658 CQB 13.90 44.94 18.80 68.48
Lehigh Gas Partners
894 LGP 36.19 39.68 26.54 94.78
Monster Beverage
824 MNST 88.41 38.23 30.46 67.32
American Eagle Outfitters
628 AEO 14.08 32.08 -2.22 -31.35

 

Table 3: The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 3 Summary: Range was 141.67% to -95.00%. 696 out of 1,083 stock prices were up 0.00% or more, or 64.27% of the companies tracked. The median was a gain of 5.49%.

Company PBR
Rank
Symbol Price
08/29/14
Mo
% Chg
YTD
% Chg
20 Mos
% Chg
RF Micro Devices
1055 RFMD 12.47 11.74 141.67 178.35
Green Plains Renewable Energy
661 GPRE 44.69 19.21 130.60 464.98
Greenbier Companies
931 GBX 71.52 10.97 117.78 342.30
Pilgrim’s Pride
305 PPC 29.87 6.83 83.82 312.57
Newfield Exploration
925 NFX 44.82 11.82 81.97 67.36

 

Table 4: The PBR1000 Top 5 20 Months Stock Price % Gainers

Table 4 Summary: Range was 1,396.15% to -98.07%. 961 out of 1,069 stock prices were up 0.00% or more, or 89.90% of the companies tracked. The median was a gain of 40.82%.

Company PBR
Rank
Symbol Price
08/29/14
Mo
% Chg
YTD
% Chg
20 Mos
% Chg
Fannie Mae 16 FNMA 3.89 -7.16 29.24 1,396.15
Freddie Mac 33 FMCC 3.82 -8.39 31.72 1,369.23
Tesla Motors
881 TSLA 269.70 20.78 79.29 696.28
SunEdison
882 SUNE 22.03 10.15 68.81 586.29
SunPower Corp 768 SPWR 38.22 4.06 28.21 580.07

 

Table 5: The PBR1000 Selected Stock Exchanges/Commodities

Company Price
08/29/14
Mo
% Chg
YTD
% Chg
20 Mos
% Chg
DJIA 17,098.45 3.23 3.15 30.48
NASDAQ 4,580.27 4.82 9.67 51.69
S&P500 2,003.37 3.77 8.39 40.47
Gold 1,287.40 0.41 7.08 -23.46
Silver 19.49 -4.51 0.62 -35.80
Oil 95.96 -2.25 -2.50 2.41

 

Have questions on The PBR1000 or The PBR US Indices Monthly Snapshot? Please contact us at Sales@PBRMarketTools.com or call us at 520-282-4100.

(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 hywards/FreeDigitalPhotos.net)