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Stock Market & Financial Investment News

News Breaks
July 15, 2014
04:55 EDTACN, ACN, ACN, ACN, ACN, ACN, ATR, ATR, ATR, ATR, ATR, ATR, WWD, WWD, WWD, WWD, WWD, WWD, LMT, LMT, LMT, LMT, LMT, LMT, BA, BA, BA, BA, BA, BA, BDRBF, BDRBF, BDRBF, BDRBF, BDRBF, BDRBF, BAESY, BAESY, BAESY, BAESY, BAESY, BAESY, ATI, ATI, ATI, ATI, ATI, ATI, RTI, RTI, RTI, RTI, RTI, RTI, ERJ, ERJ, ERJ, ERJ, ERJ, ERJ, ESL, ESL, ESL, ESL, ESL, ESL, AMRS, AMRS, AMRS, AMRS, AMRS, AMRS, AVAV, AVAV, AVAV, AVAV, AVAV, AVAV, TGI, TGI, TGI, TGI, TGI, TGIFarnborough International to hold air show
Farnborough International Air Show 2014 to be held in Farnborough, England on July 14-20.
News For ACN;AVAV;AMRS;ESL;ERJ;RTI;ATI;BAESY;BDRBF;BA;LMT;WWD;ATR;TGI From The Last 14 Days
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January 16, 2015
10:01 EDTBDRBFOn The Fly: Analyst Downgrade Summary
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06:16 EDTBDRBFBombardier downgraded to Sector Performer from Outperformer at CIBC
06:16 EDTBDRBFBombardier downgraded to Neutral from Buy at Citigroup
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January 15, 2015
16:43 EDTAMRSAmyris Chief Business Officer Susanna McFerson resigns
On January 9, Susanna McFerson, Chief Business Officer of Amyris notified the company of her resignation from the company, effective January 16, to pursue other opportunities.
13:49 EDTBANorthrop Grumman beats out Boeing for missile contract, Reuters reports
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12:05 EDTBABoeing reports orders for 336 more military rescue radios
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10:29 EDTBDRBFRockwell Collins outlook assumes zero for Learjet 85, says Wells Fargo
After Bombardier (BDRBF) announced it will 'pause' development of its all-composite Learjet-85 business jet due to weak demand, Wells Fargo points out that Rockwell Collins (COL) supplies the Learjet 85's avionics. Wells finds it unclear if Bombardier's decision will trigger any impairment for Rockwell, but notes the company already stated its FY15 revenue guidance assumes zero for Learjet 85. The firm adds United Technologies unit Pratt & Whitney Canada supplies the Learjet 85's engines while LMI Aerospace (LMIA) takes part in the plane's engineering. Wells estimates about 3% of LMI's recent sales have been tied to Learjet 85 development.
10:00 EDTWWDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Campus (ACC) downgraded to Sell from Neutral at Goldman... Apple (AAPL) downgraded to Neutral from Buy at Mizuho... Archer Daniels (ADM) downgraded to Neutral from Buy at Goldman... Barrick Gold (ABX) downgraded to Underweight from Equal Weight at Barclays... CNOOC (CEO) downgraded to Underperform from Hold at Jefferies... CSC (CSC) downgraded to Underweight from Neutral at JPMorgan... Computer Programs (CPSI) downgraded to Market Perform from Outperform at William Blair... D.R. Horton (DHI) downgraded to Neutral from Buy at UBS... DDR Corp. (DDR) downgraded to Neutral from Overweight at JPMorgan... Dominion Diamond (DDC) downgraded to Equal Weight from Overweight at Barclays... EVERTEC (EVTC) downgraded to Neutral from Overweight at JPMorgan... Education Realty (EDR) downgraded to Sell from Neutral at Goldman... Franco-Nevada (FNV) downgraded to Underweight from Equal Weight at Barclays... General Cable (BGC) downgraded to Neutral from Buy at Longbow... Green Dot (GDOT) downgraded to Neutral from Overweight at JPMorgan... Greif (GEF) downgraded to Neutral from Buy at BofA/Merrill... Grupo Simec (SIM) downgraded to Neutral from Buy at Goldman... Hecla Mining (HL) downgraded to Hold from Buy at BB&T... Host Hotels (HST) downgraded to Hold from Buy at MLV & Co.... Ingredion (INGR) downgraded to Sell from Neutral at Goldman... Insulet (PODD) downgraded to Market Perform from Outperform at Raymond James... Johnson & Johnson (JNJ) downgraded to Sell from Neutral at Goldman... Magna (MGA) downgraded to Hold from Buy at TD Securities... Molson Coors (TAP) downgraded to Neutral from Buy at Goldman... Nuverra Environmental (NES) downgraded at Roth Capital... Omnicom (OMC) downgraded to Hold from Buy at Evercore ISI... PetroChina (PTR) downgraded to Underperform from Hold at Jefferies... Philip Morris (PM) downgraded to Sell from Neutral at Goldman... Precision Castparts (PCP) downgraded to Hold from Buy at KeyBanc... Rio Tinto (RIO) downgraded to Neutral from Outperform at Macquarie... STAG Industrial (STAG) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Equal Weight from Overweight at Barclays... Sinopec (SNP) downgraded to Underperform from Hold at Jefferies... Sky (SKYAY) downgraded to Neutral from Outperform at Exane BNP Paribas... Teledyne (TDY) downgraded to Underweight from Hold at KeyBanc... Woodward (WWD) downgraded to Underweight from Hold at KeyBanc... Xilinx (XLNX) downgraded to Equal Weight from Overweight at Barclays.
10:00 EDTERJ, ESLOn The Fly: Analyst Upgrade Summary
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09:07 EDTBAAstro-Med reaches deal with Donghai for flight deck printers
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08:17 EDTBDRBFBombardier to hold a conference call
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07:43 EDTBDRBFBombardier says Aerospace exceeded delivery target guidance
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07:42 EDTBDRBFBombardier sees FY14 Aerospace cash flow from operations about $800M
Cash flow from operating activities at Aerospace is expected to be approximately $800M while net additions to property, plant and equipment, or PP&E, and intangible assets are expected to be approximately $1.8B, compared with a previous guidance for cash flow from operating activities between $1.2B-$1.6B and net additions to PP&E and intangible assets between $1.6B-$1.9B. The variation in Aerospace's cash flow from operating activities is mainly due to a lower level of customer advances, a lower EBIT and an increase in used aircraft inventory. Free cash flow for Transportation is expected to be slightly positive compared with a previous guidance of free cash flow generally in line with EBIT. This variation is mainly due to a different cash flow profile in some contracts and a lower level of advances on options in relation to framework contract agreements. As of December 31, 2014, available short-term capital resources were approximately $3.8B, including cash and cash equivalents of approximately $2.4B.
07:40 EDTBDRBFBombardier says certain financial guidance will not be met
Bombardier stated that following a review of preliminary results compiled by Bombardier for the fiscal year ended December 31, 2014, it has become clear that certain financial guidance previously provided will not be met. Based on these preliminary results, Bombardier is updating its guidance for 2014. Earnings before financing expenses, financing income and income taxes, or EBIT, before special items at Aerospace is expected to be approximately 4% compared with a previous guidance of 5%. The variation is mainly due to increased provisions for credit and residual value guarantees, pricing pressure on new aircraft sold, as well as a decrease in fair value of used aircraft. EBIT before special items at Transportation is expected to be approximately 5% compared to a previous guidance of 6%. This variation is mainly due to revised escalation assumptions for some contracts which impacted estimated future revenues.
07:38 EDTBDRBFBombardier says certain financial guidance will not be met
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07:37 EDTBDRBFBombardier pauses Learjet 85 program, to reduce workforce by 1,000
Bombardier announced the pause of its Learjet 85 business aircraft program. The pause is due to weak demand for the Learjet 85 aircraft and follows a downward revision of Bombardier's business aircraft market forecast. This reflects the continued weakness of the Light aircraft category since the economic downturn. As a result, the company will record a pre-tax special charge in Q4 of approximately $1.4B mainly related to the impairment of the Learjet 85 development costs. Additionally, Bombardier will reduce its workforce by approximately 1,000 employees at its sites in Queretaro, Mexico, and Wichita, United States. A severance provision of approximately $25M will be recorded as a special item during 1Q15.
07:20 EDTERJEmbraer upgraded to Neutral from Underperform at Credit Suisse
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07:19 EDTBABoeing and Air Europa announce order for 14 787-9 Dreamliners
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06:55 EDTWWDWoodward downgraded to Underweight from Hold at KeyBanc
KeyBanc downgraded Woodward to Underweight with a $39 price target given exposure to weakening energy markets and premium valuation.
06:49 EDTESLEsterline upgraded to Buy from Hold at KeyBanc
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