New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 19, 2013
19:12 EDTMXWL, CTAS, PRMW, FTEK, CIE, APC, EAC, GEVO, FRAN, WSM, ADBEOn The Fly: After Hours Movers
UP AFTER EARNINGS: Adobe (ADBE), up 5.8%... Williams-Sonoma (WSM), up 6.3% after earnings, boosting dividend 41%, announcing $750M share repurchase program... Francesca's (FRAN), up 3.8%... ALSO HIGHER: Gevo (GEVO), up 7.8% after a favorable ruling in a patent infringement lawsuit brought against the company... Erickson Air-Crane (EAC), up 14.8% after acquiring Evergreen Helicopters for $250M... Anadarko (APC), up 1.2%, and Cobalt (CIE), up 4.7%, after announcing a co-owned Gulf of Mexico well encountered oil... DOWN AFTER EARNINGS: Fuel Tech (FTEK), down 8.9%... Primo Water (PRMW), down 4.8%... Cintas (CTAS), down 2.6%... ALSO LOWER: Maxwell Technologies (MXWL), down 5% after filing to delay its Form 10-K.
News For ADBE;WSM;FRAN;GEVO;EAC;APC;CIE;FTEK;PRMW;CTAS;MXWL From The Last 14 Days
Check below for free stories on ADBE;WSM;FRAN;GEVO;EAC;APC;CIE;FTEK;PRMW;CTAS;MXWL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
April 4, 2014
10:02 EDTCIEOn The Fly: Analyst Downgrade Summary
Antero Resources (AR) downgraded to Buy from Strong Buy at ISI Group... Cobalt (CIE) downgraded to Buy from Strong Buy at ISI Group... Franklin Resources (BEN) downgraded to Market Perform at Keefe Bruyette... Hasbro (HAS) downgraded to Hold from Buy at Needham... PPL Corp. (PPL) downgraded to Neutral from Outperform at Macquarie... Sonic (SONC) downgraded to Neutral from Buy at Buckingham... Vodafone (VOD) downgraded to Neutral from Buy at Nomura... AutoZone (AZO) downgraded to Neutral from Outperform at RW Baird... Advance Auto Parts (AAP) downgraded to Neutral from Outperform at RW Baird... LinnCo (LNCO) downgraded to Neutral from Buy at Citigroup... LINN Energy (LINE) downgraded to Neutral from Buy at Citigroup... General Mills (GIS) downgraded to Hold from Buy at Argus.
10:02 EDTAPCOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:14 EDTAPCAnadarko price target raised to $125 from $105 at BofA/Merrill
Subscribe for More Information
07:53 EDTAPCAnadarko price target raised to $104 from $87 at Stifel
Subscribe for More Information
07:25 EDTAPCAnadarko price target raised to $120-$130 from $110-$120 at Wells Fargo
Wells Fargo increased its price target on Anadarko after the company announced that it had settled the Tronox case for a lower than expected amount. The firm thinks the stock's discount to its peers EOG Resources (EOG) and Noble Energy (NBL) is unjustified. Wells keeps an Outperform rating on Anadarko.
06:57 EDTAPCAnadarko price target raised to $120 from $110 at Guggenheim
Subscribe for More Information
06:47 EDTCIECobalt downgraded to Buy from Strong Buy at ISI Group
05:47 EDTAPCAnadarko upgraded to Overweight from Underweight at JPMorgan
JPMorgan upgraded Anadarko (APC) two notches to Overweight from Underweight citing the company's settlement in the Tronox (TRNX) litigation. The firm views the settlement as positive for the stock and raised its price target for shares to $129 from $84.
April 3, 2014
16:37 EDTAPCOn The Fly: Closing Wrap
Subscribe for More Information
16:13 EDTAPCTronox says total tax shield $10.15B after Anadarko settlement
Subscribe for More Information
15:20 EDTAPCAnadarko volatility decreases after confirms settlement
Subscribe for More Information
15:08 EDTADBEAdobe trades lower after insiders sell shares
Subscribe for More Information
14:24 EDTAPCAnadarko confirms settlement of Tronox Adversary Proceeding
Anadarko Petroleum announced that it has entered into an agreement with the plaintiffs in the Tronox Adversary Proceeding to resolve all claims against Kerr-McGee Corporation and certain of its subsidiaries and affiliates, which stemmed from alleged actions by Kerr-McGee prior to its acquisition by Anadarko in 2006. Kerr-McGee is now a wholly owned subsidiary of Anadarko. "This settlement agreement with the Litigation Trust and the U.S. Government eliminates the uncertainty this dispute has created, and the proceeds will fund the remediation and cleanup of the legacy environmental liabilities and tort claims," said Anadarko Chairman, President and CEO Al Walker. "Investor focus can now return to the tremendous value embedded in Anadarko's asset base, allowing our peer-leading operational and exploration results to again become the basis for valuation. We are grateful to our stakeholders who have maintained their confidence and trust in our people and our assets." In exchange for a complete release of all claims asserted against Kerr-McGee, Anadarko has agreed to pay a total of $5.15B to the plaintiffs, which represents a principal sum of approximately $3.98B and 6% interest thereon from the filing of the complaint in May 2009. Under the terms of the settlement agreement, the Litigation Trust and Kerr-McGee have agreed to mutually release claims against each other, and the U.S. Government and Kerr-McGee have provided mutual covenants not to sue. The U.S. Government also will provide contribution protection from third-party claims seeking reimbursement from Kerr-McGee at more than 4,000 sites covered by the covenants. The settlement agreement is subject to recommendation by the U.S. Bankruptcy Court and approval of the U.S. District Court, both in the Southern District of New York, and the issuance of an injunction barring similar claims from being asserted by third parties. The company expects the Tronox Adversary Proceeding to be stayed pending final approval of the settlement agreement. The settlement payment is to be made after the District Court's approval of the settlement agreement and issuance of the injunction are final and non-appealable. The claims asserted in the Tronox Adversary Proceeding will be dismissed with prejudice after the settlement payment is made. This process is currently expected to be completed prior to the end of the third quarter of 2014. The company's significant cash position and available $5B credit facility provide flexibility in funding the settlement payment. The company expects the impact of the settlement agreement to be reflected in its first-quarter financial statements. The company estimates it will record a gross tax benefit of approximately $1.65B associated with the settlement, offset by approximately $1.10B in uncertain tax positions, currently resulting in a net tax benefit of approximately $550M.
14:06 EDTAPCAnadarko to pay $5B-$6B to U.S. in Tronox settlement, Bloomberg says
Subscribe for More Information
13:28 EDTAPCAnadarko up more than 7% after Bloomberg says company settles with U.S.
13:27 EDTAPCAnadarko settles with U.S. on Tronox liabilities, Bloomberg says
Subscribe for More Information
09:22 EDTAPCAnadarko management to meet with Deutsche Bank
Meeting to be held in Philadelphia on April 3 hosted by Deutsche Bank.
April 2, 2014
11:26 EDTCTASUniFirst tumbles after results, guidance trail expectations
Shares of UniFirst (UNF), a provider of workplace uniforms and protective work wear clothing, are falling after the company's second quarter results and fiscal 2014 guidance trailed analysts' consensus estimates. WHAT'S NEW: This morning, UniFirst reported Q2 adjusted earnings per share of $1.27 and revenue of $344M, compared to expectations of $1.39 and $347.49M, respectively. The company forecast FY14 EPS of $5.60-$5.75, trailing the consensus of $5.91, while FY14 revenue was seen at $1.372B-$1.385B, compared to consensus of $1.38B. On January 8, the company had guided FY14 EPS at the high end of the $5.60-$5.85 range and FY14 revenue at the high end of the $1.372B-$1.385B range. WHAT'S NOTABLE: UniFirst CEO Ronald Croatti said, "Our revised outlook for the remainder of the year reflects lower expectations for our Specialty Garments and First Aid segments as well as an assumption that the recent decline in the value of the Canadian dollar and higher energy prices will continue to influence our results. As a reminder, fiscal 2014 will be a 52 week year for the company compared to fiscal 2013, which was a 53 week year. The negative comparison of one less week of operations will have the impact of reducing our year over year revenues by approximately 2.0% and our fourth quarter revenues by approximately 7.1%." PRICE ACTION: In late morning trading, UniFirst tumbled $10.32, or about 9.2%, to $102.39 on nearly twice its average daily trading volume. Including today's slide, the stock is up about 12% over the past twelve months. OTHERS TO WATCH: Other companies providing workforce uniforms include ARAMARK (ARMK) and Cintas (CTAS).
08:37 EDTADBEWells Fargo to hold a summit
Subscribe for More Information
07:05 EDTAPCAnadarko management to meet with Deutsche Bank
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use