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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:04 EDTUTX, AA, EADSYAlcoa announces $1.1B supply agreement with Pratt & Whitney
Alcoa (AA) announced a 10-year, $1.1B agreement with Pratt & Whitney, a division of United Technologies (UTX), for state-of-the-art jet engine components. Under the deal signed at the Farnborough Air Show, Alcoa will supply key parts for Pratt & Whitney’s engines, including the forging for the first ever aluminum fan blade for jet engines. The forging was developed for Pratt & Whitney’s PurePower engines using an advanced aluminum alloy and a proprietary manufacturing process. Also for the PurePower engines, Alcoa is developing a fan blade forging using its most advanced aluminum-lithium alloy. Under the $1.1B deal, Alcoa will supply components for Pratt & Whitney’s PurePower PW1000G, V2500, GP7000 and several other regional jet and military engines. The PurePower engine will be used to aircrafts, including the next-generation Airbus (EADSY) A320neo. The transaction includes United Technologies “One Company” terms and conditions that provide for a common contracting approach between UTC and Alcoa divisions, thereby facilitating future collaboration.
News For AA;UTX;EADSY From The Last 14 Days
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December 15, 2014
05:47 EDTAAAlcoa to acquire TITAL, terms not disclosed
Alcoa announced plans to further expand its global aerospace business through a definitive agreement to acquire privately held TITAL. The acquisition will strengthen Alcoa’s global position to capture increasing demand for advanced jet engine components made of titanium. This transaction will further position Alcoa to capitalize on strong growth in the commercial aerospace sector. Alcoa projects a compounded annual commercial jet growth rate of 7% through 2019 and sees a current 9-year production order book at 2013 delivery rates. Almost 70% of TITAL’s revenues are expected to come from commercial aerospace sales in 2019. In 2013, the company generated revenues of approximately $96M, more than half of which came from titanium products. The acquisition will establish titanium casting capabilities in Europe for Alcoa, while expanding its aluminum casting capacity. TITAL employs more than 650 people, primarily in Bestwig, Germany. Financial details of the transaction were not disclosed.
December 12, 2014
13:04 EDTUTXOn The Fly: Midday Wrap
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December 11, 2014
18:14 EDTUTXOn The Fly: After Hours Movers
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17:07 EDTUTXUnited Technologies down 1.35% after giving FY14, FY15 guidance
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17:05 EDTUTXUnited Technologies sees FY15 EPS $7.00-$7.20, consensus $7.27
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17:03 EDTUTXUnited Technologies sees FY14 EPS approximately $6.80, consensus $6.87
United Technologies CEO Gregory Hayes communicated the company's expectation for FY14 EPS of $6.80, at the mid-point of the previous earnings outlook of $6.75-$6.85. The FY14 EPS expectation includes a charge of 25c related to a previously disclosed German tax litigation matter, which will be partially offset by approximately 20c of other favorable items. The company continues to expect sales for 2014 of approximately $65B, consensus $65.24B.
14:02 EDTAAAlcoa plans $16.7M expansion to double high-tech coating capacity
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10:43 EDTUTXUnited Technologies to host investor and analyst meeting
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06:51 EDTEADSYEmirates airline head urges Airbus not to scrap A380, Reuters reports
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06:22 EDTEADSYAirbus sees upgrading A380 super-jumbo eventually, WSJ reports
Airbus Group is planning to eventually upgrade the A380 super-jumbo with new new engines and add more customers, Fabrice Brégier, the head of commercial jets for the group, says, The Wall Street Journal reports. CFO Harald Wilhelm previously commented that the super-jumbo program will break-even in 2015 and stay there until about 2018, at which time Airbus could upgrade the jet, stay the course or discontinue building the plane. Reference Link
December 9, 2014
16:00 EDTAAOptions Update; December 9, 2014
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07:05 EDTUTXPall Corp. announces resignation of CFO Akhil Johri
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07:03 EDTUTXUnited Technologies appoints Akhil Johri as Senior VP and CFO
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06:22 EDTEADSYBoeing sees strong demand for commercial airplanes in 2015
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December 8, 2014
10:00 EDTUTXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
09:52 EDTUTXUnited Technologies to unveil major Canadian R&D investment, Globe and Mail says
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08:57 EDTUTXUnited Technologies upgraded at Bernstein
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07:43 EDTUTXUnited Technologies December volatility elevated into investor meeting
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06:15 EDTUTXUnited Technologies upgraded to Outperform from Market Perform at Bernstein
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December 7, 2014
18:04 EDTUTXSikorsky awarded $1B Indian military helicopter deal, WSJ says
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