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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:04 EDTAA, EADSY, UTXAlcoa 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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February 8, 2016
10:41 EDTAAStocks with call strike movement; AA AMZN
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08:33 EDTEADSYSpiceJet: timeliness main condition for Boeing, Airbus choice, Bloomberg says
SpiceJet, the Indian budget carrier deciding between Boeing (BA) and Airbus (EADSY) for its order for at least $11B, has a single condition for its choice: delivery needs to be on time, Bloomberg reports, citing an interview with SpiceJet chairman Ajay Singh. "One of the selling points for anybody to make the offer more attractive to SpiceJet would be early deliveries," Singh told Bloomberg. "When Airbus and Boeing are talking to us, they are mindful of the fact that we need early deliveries." Reference Link
February 5, 2016
09:37 EDTAAActive equity options trading on open
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08:45 EDTEADSYAirbus renegotiating to delay A320neo deliveries, Reuters reports
Airbus is currently in discussions to delay delivery schedules for its A320neo jet and has informed certain airlines that the jets will be delayed by approximately two months, Reuters reports, citing industry sources. The company missed a 2015 expectation for delivering the first aircraft as a result of what it described as issues with documentation for its new Pratt & Whitney engines, the report says. Reference Link
February 4, 2016
13:40 EDTEADSYAirbus: Still in talks with Poland over helicopter deliveries, Reuters reports
Airbus' (EADSY) helicopter unit said that discussions with Poland's economy ministry were continuing on the delivery of 50 helicopters for Poland's army, Reuters reports. Rzeczpospolita reported that Poland abandoned the $3B deal and agreed with the French defense ministry that it would purchase just "several" helicopter from Airbus, the report says. Poland has also initiated negotations with Lockheed Martin's (LMT) Skikorsky, the report says, citing Rzeczpospolita. Reference Link
11:06 EDTUTXUnited Technologies reaffirms FY16 adjusted EPS view of $6.30-$6.60
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09:36 EDTAAActive equity options trading on open: AAPL FB GPRO AA NFLX BAC TWC YHOO PG
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07:08 EDTUTXCowen to hold a forum
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February 2, 2016
11:24 EDTAAStocks with call strike movement; AA COP
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February 1, 2016
11:14 EDTAAStocks with call strike movement; NFLX AA
Netflix (NFLX) April 110 call option implied volatility increased 6% to 51, Alcoa (AA) April 8 call option implied volatility increased 4% to 50 according to iVolatility.
09:36 EDTAAActive equity options trading on open
Active equity options trading on open: BAC AAPL FB AMZN TWTR MGM MCD NFLX GILD INTC TSLA AA BABA C
09:04 EDTAAElliott Management: Alcoa 'taking the right steps'
Alcoa and affiliates of Elliott Management, which hold an economic interest in approximately 7.5% of Alcoa's common stock, have entered into an agreement that provides that Elliott will support the company's slate of director nominees at Alcoa's 2016 Annual Meeting of Shareholders.
09:03 EDTAAAlcoa names three new directors to board
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09:02 EDTAAAlcoa to appoint 3 new directors to board; Elliott to support slate of nominees
Alcoa announced that it will appoint Ulrich "Rick" Schmidt, John C. Plant and Sean O. Mahoney to serve on the company's Board of Directors, effective February 5, 2016. These appointments will further strengthen the company and add valuable aerospace and automotive experience to the Board as Alcoa prepares to separate into two independent companies in the second half of 2016. With these appointments, the Alcoa Board will be expanded to consist of 15 directors. In connection with this announcement, Alcoa and affiliates of Elliott Management, which hold an economic interest in approximately 7.5% of Alcoa's common stock, have entered into an agreement that provides that Elliott will support the company's slate of director nominees at Alcoa's 2016 Annual Meeting of Shareholders. Mahoney will be included with the company's slate of director nominees for election at the Company's 2016 Annual Meeting of Shareholders and will be added to the class of directors whose term expires in 2016. Schmidt and Plant will be added to the class of directors whose terms expire in 2017 and 2018, respectively. Dave Miller, Senior Portfolio Manager at Elliott Management said, "We believe the Company is taking the right steps as it moves forward with its separation. This is a pivotal moment for Alcoa and represents an opportunity to create substantial value for shareholders. We are pleased to have worked constructively with Alcoa and believe that Rick, John and Sean bring relevant experience to the Alcoa Board and the future Value-Add Co." As previously announced, Alcoa plans to separate into two, publicly traded companies in the second half of 2016. The Upstream company will comprise five strong business units that today make up Global Primary Products: Bauxite, Alumina, Aluminum, Cast Products and Energy; the innovation and technology-driven Value-Add company will include the Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions businesses. As the Company prepares to implement the separation, the Board of Directors will work closely with Alcoa's management team in a comprehensive review of its portfolio, operations, profitability drivers and cost structure, and will update the market at the appropriate time.
January 29, 2016
05:55 EDTEADSYPhilips names Jean Botti as Chief Innovation and Strategy Officer
Royal Philips (PHG) announced the appointment of Jean Botti as Chief Innovation and Strategy Officer as part of the company's strategy to capture a larger portion of the HealthTech opportunities. Jean Botti, who will join Philips as of April 1, 2016 from Airbus Group (EADSY), will become a member of Philips' Executive Committee and will report directly to Philips CEO Frans van Houten. Jean Botti will succeed Jim Andrew, who left Philips in the fourth quarter of 2015 for personal reasons.
05:53 EDTEADSYAirbus says CTO Jean Botti to leave in April, Reuters reports
Airbus says Chief Technical Officer Jean Botti will leave the company in April and has resigned from the planemaker, Reuters reports. Botti's succession is "subject to the outcome of a comprehensive review on the future set-up and structure for innovation and research and technology at Airbus Group," Airbus says. Reference Link
January 28, 2016
13:17 EDTEADSYIran selects Airbus for civil aviation renewal
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10:29 EDTEADSYJetBlue says 'very bullish' on A321
08:31 EDTAAAlcoa, Boeing agree on long-term supply deal
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06:44 EDTEADSYFrance seeks Airbus, Peugeot deals as Iran visits, Reuters says
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