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.)

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.)