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LEG - Legacy Oil + Gas Inc News Story

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Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £290.7m
Position in Universe th / 2681

BUZZ-U.S. STOCKS ON THE MOVE-Workday, Time Warner Cable, Hormel Foods

Wed 27th May, 2015 12:18pm
(For faster updates on individual market-movers, Eikon users 
please use search string "STXBZ US"; for the Day Ahead 
newsletter, http://link.reuters.com/mex49s; for the Morning News 
Call newsletter, http://link.reuters.com/nex49s) 
U.S. stock index e-mini futures slightly higher on Wednesday: 
Dow Jones industrial average futures  1YMc1  were up 0.09 
percent at 18,070, S&P 500 futures  ESc1  were up 0.11 percent 
at 2,107.25 and Nasdaq 100 futures  NQc1  were up 0.11 percent 
at 4,484.5.  .N  
    ** WORKDAY INC  WDAY.N , Tuesday close $92.49, -8.69 pct 
    The human resource software company forecast current-quarter 
billings below market expectations and reported a bigger 
quarterly net loss due to higher spending on marketing and 
product development.  ID:nL3N0YH4ZF  
    ** TIME WARNER CABLE INC  TWC.N , Tuesday close 
$183.6, +0.14 pct premarket 
    Time Warner Cable, entering into talks to be acquired by 
Charter Communications just a month after regulators killed a 
proposed takeover by Comcast  CMCSA.O , was determined not to 
get burned a second time.  ID:nL1N0YH1GB  
    Separately, Patrick Drahi, the billionaire owner of European 
telecoms group Altice  ATCE.AS , said he put an end to talks to 
buy Time Warner Cable because his company was not ready, adding 
that he would not carry out reckless acquisitions. 
    ** COMCAST CORP  CMCSA.O , Tuesday close $58.59, +0.94 pct 
    Vox Media, owner of The Verge and other websites, is 
acquiring Revere Digital, the company that owns technology news 
website Re/code, according to a post on the Re/code website. 
    Comcast's NBCUniversal exchanged its minority interest in 
Re/code for shares in Vox Media, a source familiar with the 
transaction said.  ID:nL1N0YH2LN  
    ** TOLL BROTHERS INC  TOL.N , Tuesday close $36.99, +0.30 
pct premarket 
    The largest U.S. luxury homebuilder, reported a 
better-than-expected quarterly profit and raised the low end of 
its average selling price forecast for the full year as demand 
strengthens. ID:nL3N0YI3HT  
    ** ALIBABA GROUP HOLDING LTD  BABA.N , Tuesday close 
$92.52, -0.24 pct premarket 
    China's banking regulator has given a green light to MYbank, 
the online bank affiliated with Alibaba, to start operating. 
    ** EXXON MOBIL CORP  XOM.N , Tuesday close $85.35, +0.28 pct 
    ** CHEVRON CORP  CVX.N , Tuesday close $103.29, +0.69 pct 
    Progressive shareholders are pushing to add directors with 
climate change expertise to the boards of Exxon and Chevron, 
arguing the largest U.S. oil companies need more depth of 
knowledge to navigate environmental issues.  ID:nL1N0YH19C  
    ** CITIGROUP INC  C.N , Tuesday close $54.24, +0.39 pct 
    European banks Deutsche Bank  DBKGn.DE , Barclays  BARC.L  
and UBS  UBSG.VX  have seen their market share in foreign 
exchange trading slump in the past year, as U.S. banks led by 
Citigroup grabbed business, according to widely watched industry 
rankings.  ID:nL5N0YI17U  
    ** GOOGLE INC  GOOGL.O , Tuesday close $547.19 
    ** ORACLE CORP  ORCL.N , Tuesday close $43.33 
    The Obama administration on Tuesday sided against Google and 
said the U.S. Supreme Court should not hear the company's appeal 
in a case against Oracle with wide implications for the 
technology industry, according to a court filing. 
    ** HORMEL FOODS CORP  HRL.N , Tuesday close $56.61, +4.66 
pct premarket 
    Hormel Foods said it would buy natural and organic meat 
processor Applegate Farms LLC for about $775 million to cater to 
an increasing demand for food free of antibiotics, hormones and 
artificial additives.  ID:nL3N0YH51G  
    ** GENERAL ELECTRIC CO  GE.N , Tuesday close $27.52, +0.04 
pct premarket 
    GE is in advanced talks to sell assets of its vehicle fleet 
management business, GE Capital Fleet Services, to Element 
Financial Corp  EFN.TO , Bloomberg reported, citing people 
familiar with the matter.  ID:nL3N0YI040  
    ** CRESCENT POINT ENERGY INC  CPG.N , Tuesday close $23.99 
    Canada's No.4 independent oil and gas producer  CPG.TO , 
said on Tuesday it has agreed to acquire Legacy Oil + Gas Inc 
 LEG.TO  for shares and debt worth C$1.53 billion ($1.23 
billion), adding oil production in its core regions in Western 
Canada and North Dakota.  ID:nL1N0YH2FQ  
    ** TIVO INC  TIVO.O , Tuesday close $10.36 
    The digital video recorder maker reported 
better-than-expected quarterly revenue and profit, helped by 
higher subscriptions.  ID:nL3N0YH503  
    ** REYNOLDS AMERICAN INC  RAI.N , Tuesday close 
$75.43, +2.08 pct premarket 
    ** LORILLARD INC  LO.N , Tuesday close $72.12 
    Reynolds American on Tuesday won U.S. antitrust approval to 
buy smaller rival Lorillard in a deal that would combine the No. 
2 and No. 3 U.S. cigarette companies.  ID:nL1N0YH2HH  
    ** AMAZON.COM INC  AMZN.O , Tuesday close $425.47, +0.36 pct 
    Amazon's decision to change its tax-efficient European 
business structure could raise its tax bill by as much as $100 
million a year but authorities will have to fight for additional 
money and any payments will be hidden from public view. 
 (Reporting by Shubhankar Chakravorty in Bengaluru) 
 ((shubhankar.c@thomsonreuters.com; within U.S. +1 646 223 8780 
outside U.S. +91 80 6749 3428; Reuters Messaging: Reuters 
Messaging: shubhankar.c.thomsonreuters.com@reuters.net)) 
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