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Stock Market & Financial Investment News

News Breaks
January 16, 2014
10:02 EDTACM, BBY, NUS, EMC, BEAM, CLI, PCRFY, AGCO, ROK, RL, MHFI, MKC, ALU, CSX, D, EV, EFX, FDO, GNRC, KR, MRC, AMRNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AECOM Technology (ACM) downgraded to Hold from Buy at KeyBanc... Alcatel-Lucent (ALU) downgraded to Equal Weight from Overweight at Evercore... CSX (CSX) downgraded to Hold from Buy at Stifel... Dominion (D) downgraded to Hold from Buy at Jefferies... Eaton Vance (EV) downgraded to Sell from Neutral at Citigroup... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Family Dollar (FDO) downgraded to Underperform from Market Perform at Raymond James... Generac (GNRC) downgraded to Perform from Outperform at Oppenheimer... Kroger (KR) downgraded to Neutral from Outperform at Credit Suisse... MRC Global (MRC) downgraded to Underperform from Buy at BofA/Merrill... McCormick (MKC) downgraded to Hold from Buy at Jefferies... McGraw Hill Financial (MHFI) downgraded to Neutral from Buy at Goldman... Best Buy (BBY) downgraded to Perform from Outperform at Oppenheimer... Nu Skin (NUS) downgraded to Hold from Buy at Canaccord... EMC (EMC) downgraded to Neutral from Buy at Monness Crespi... Beam (BEAM) downgraded to Sell from Hold at Argus... Mack-Cali Realty (CLI) downgraded to Underweight from Neutral at JPMorgan... Panasonic (PCRFY) downgraded to Neutral from Outperform at Macquarie... AGCO (AGCO) downgraded to Underweight from Neutral at JPMorgan... Rockwell Automation (ROK) downgraded to Underweight from Neutral at JPMorgan... Ralph Lauren (RL) downgraded to Equal Weight from Overweight at Morgan Stanley... Amarin (AMRN) downgraded to Neutral from Buy at MKM Partners.
News For ACM;ALU;CSX;D;EV;EFX;FDO;GNRC;KR;MRC;MKC;MHFI;BBY;NUS;EMC;BEAM;CLI;PCRFY;AGCO;ROK;RL;AMRN From The Last 14 Days
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September 23, 2014
06:10 EDTEMCStocks with implied volatility above IV index mean; AMD EMC
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September 22, 2014
18:01 EDTMHFIMcGraw Hill Financial to sell McGraw Hill Construction to Symphony Tech Group
McGraw Hill Financial announced it has agreed to sell McGraw Hill Construction to Symphony Technology Group, a strategic private equity firm based in Palo Alto, California, for $320M in cash. The transaction, which is expected to close during the fourth quarter, is subject to regulatory approval and customary closing conditions. In March, McGraw Hill Financial announced it was exploring strategic alternatives for McGraw Hill Construction, a leading provider of essential data, news and insights to better inform construction professionals' decisions in the United States. Evercore Partners acted as a financial advisor to McGraw Hill Financial in this transaction.
13:02 EDTEMCEMC exploring options ahead of CEO retirement, Bloomberg reports
EMC (EMC) is exploring strategic options ahead of the 2015 retirement of its CEO Joseph Tucci, Bloomberg reports, citing people familiar with the discussions. The options could include a full or partial sale, or a spinoff of VMware (VMW), Bloomberg added, citing sources.
12:50 EDTEMCEMC jumps after reports detail takeover talks
The shares of cloud application provider EMC (EMC) are rising in a down market after Wall Street Journal reported that the company had held talks about selling itself to HP (HPQ) and Dell. WHAT'S NEW: EMC held on-and-off merger talks with HP for almost a year, but those talks have ended, Wall Street Journal reported today. Dell also held talks with EMC about a takeover, the newspaper added. According to a CNBC’s David Faber, the takeover talks between HP and EMC went on for months, but the two sides couldn't agree on a price, as EMC wanted HP to pay a large premium to its stock price. Tiernan Ray of Barron's added today that the takeover talks between the companies could resume, citing a source. WHAT'S NOTABLE: The New York Post reported on September 11 that EMC was considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW). UBS analyst Steven Milunovich responded to The Post's report by writing on the same day that EMC had become a potential takeover target itself. HP, Oracle (ORCL) and Cisco (CSCO) could buy EMC, the analyst wrote. PRICE ACTION: In early afternoon trading, EMC added 1% to $30, while VMware added 1% to $95.
12:26 EDTEMCEMC, HP merger talks could resume, Barron's reports
The merger talks between EMC (EMC) and HP (HPQ) could resume, Tiernan Ray of Barron's reports, citing a source. The companies had discussed HP selling its printer division, but only as "a down the road thing," once a deal was completed, Tiernan added, citing the source. Cisco (CSCO) and Oracle (ORCL) are still considered possible buyers for EMC, the reporter noted. Reference Link
09:20 EDTEMCEMC wanted large premium from HP in takeover, CNBC reports
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09:17 EDTEMCHP considered spinning off Printing, PC units, CNBC reports
09:16 EDTEMCEMC wanted large premium from HP, talks have ended, CNBC reports
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09:15 EDTEMCOn The Fly: Pre-market Movers
HIGHER: Sigma-Aldrich (SIAL), up 34% after Merck KGaA (MKGAY) to acquire the company for $17B... Viasystems (VIAS), up 44% after TTM Technologies (TTMI) acquires the company for $16.46 per share in cash and stock. TTM is up 15.5% after the deal... Clorox (CLX), up 5.4% after the New York Post said the company turned down offer to sell or merge with rival... EMC (EMC), up 2.5% after The Wall Street Journal said the company is considering options that could include merging with a rival and held on-and-off merger talks with Hewlett-Packard (HPQ) for almost a year, though the Journal added that those talks recently ended... Epiq Systems (EPIQ), up 9.9% after P2 Capital confirms 16.9% stake in Epiq and that the company turned down the shareholders' $20 per share takeover offer... Dresser-Rand (DRC), up 2.7% after the company sells to Siemens (SIEGY) for $83 per share or $7.6B... TAT Technologies (TATT), up 6.6% after a division of the company signed a maintenance agreement with Republic Airways (RJET). LOWER: Yahoo (YHOO), down 2.1% after stock was downgraded at Bank of America Merrill Lynch and at Bernstein... InvenSense (INVN), down 2.9% after downgraded at RW Baird... Threshold Pharmaceuticals (THLD), down 5.6% after TH-302 Phase 3 trial events to occur later than expected.
07:54 EDTEMCEMC volatility expected to move on explores merger reports
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07:25 EDTCSXCitigroup to hold a conference
Industrials Conference to be held in Boston on September 22-24.
07:14 EDTALUGSM Association to hold a conference
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06:11 EDTEMCEMC explores merger, holds talks with HP, Dell, WSJ reports
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September 19, 2014
11:28 EDTEFXEquifax partners with BlackBox Logic
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09:19 EDTPCRFYPanasonic, Leica Camera extend partnership agreement
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05:58 EDTEMCStocks with implied volatility above IV index mean; EMC BWP
Stocks with implied volatility top IV index mean; EMC (EMC) 22, Boardwalk Pipeline (BWP) 35 according to iVolatility.
September 18, 2014
14:52 EDTKRKroger testing online ordering, pick-up service, Progressive Grocer says
Kroger is testing a "click-and-collect system" in Cincinnati which allows customers to submit their orders online and pick them up at a drive-thru windows, Progressive Grocer reports. The technology that Kroger is utilizing is the same technology that has been deployed by Harris Teeter, a company that Kroger acquired last year. "Harris Teeter has successfully scaled this model in their stores and we are learning a lot from them about it. Our approach with new technologies and systems is to test small and work out the kinks before scaling more widely," said Rachel Betzler, public relations manage for Kroger's Cincinnati division. Reference Link
14:06 EDTKRKroger price target raised to $58 from $55 at Argus
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12:58 EDTEMCEarnings Preview: Morgan Stanley views Oracle's Q1, Q2 estimates as 'achievable'
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10:44 EDTKRKroger board raises quarterly dividend by 12% to 18.5c
Kroger's Board raised the quarterly dividend by 12% to 18.5¢ per share, to be paid on December 1 to shareholders of record as of the close of business on November 14. The company continues to expect an increasing dividend over time.
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