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Stock Market & Financial Investment News

News Breaks
January 6, 2014
10:07 EDTPNK, TLOG, TSL, DOC, HMHC, AIG, CALL, YPF, SALT, JKS, CLNE, PM, VLP, RMAX, IACI, ATHMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AIG (AIG) reinstated with an Outperform at Credit Suisse... Autohome (ATHM) initiated with a Neutral at Piper Jaffray... Clean Energy (CLNE) initiated with a Neutral at Citigroup... Houghton Mifflin (HMHC) initiated with an Outperform at Wells Fargo... IAC (IACI) initiated with an Equal Weight at Morgan Stanley... JinkoSolar (JKS) initiated with a Buy at Jefferies... Physicians Realty Trust (DOC) initiated with an Outperform at JMP Securities... RE/MAX Holdings (RMAX) initiated with a Market Perform at JMP Securities... Scorpio Bulkers (SALT) initiated with a Buy at Deutsche Bank... Trina Solar (TSL) initiated with a Buy at Jefferies... Valero Energy Partners (VLP) initiated with an Outperform at Credit Suisse... YPF SA (YPF) initiated with an Overweight at Morgan Stanley... TetraLogic (TLOG) initiated with a Buy at Guggenheim... Philip Morris (PM) initiated with a Sell at Standpoint Research... magicJack (CALL) initiated with a Buy at Canaccord... Pinnacle Entertainment (PNK) reinstated with a Sell at Goldman.
News For AIG;ATHM;CLNE;HMHC;IACI;JKS;DOC;RMAX;SALT;TSL;VLP;YPF;TLOG;PM;CALL;PNK From The Last 14 Days
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December 18, 2014
07:14 EDTTLOGTetraLogic initiates SHAPE Phase 2 clinical trial
TetraLogic Pharmaceuticals announced the initiation of a randomized Phase 2 clinical trial of SHAPE in subjects with early stage cutaneous T‑cell lymphoma, or CTCL. SHAPE has been evaluated in a randomized, dose escalation, placebo-controlled Phase 1 clinical trial in early-stage CTCL subjects that met safety endpoints and demonstrated clinical activity. Four of fifteen patients receiving SHAPE attained an objective response as measured by a greater than 50% improvement in their Composite Assessment of Index Lesion Severity, or CAILS, score during and after 28 days of dosing. No placebo patients responded. The randomized Phase 2 trial will be conducted in approximately sixty subjects with Stage IA-IIA CTCL. The objectives of the Phase 2 clinical trial are to evaluate the dose, clinical effect at 6 months, time to response, and tolerability of treatment of greater than 2% body surface area.
December 17, 2014
11:38 EDTYPFOptions with increasing implied volatility
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09:05 EDTTLOGTetraLogic sell-off yesterday overdone, says Needham
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08:57 EDTSALTScorpio Bulkers to modify and sell shipbuilding contracts for six vessels
Scorpio Bulkers (SALT) has reached agreements with shipyards in South Korea and Romania to modify six newbuilding contracts for Capesize bulk carriers into newbuilding contracts for LR2 product tankers, reached an agreement to sell four of these LR2 newbuilding contracts to Scorpio Tankers, a related party, and granted options to Scorpio Tankers to purchase the two remaining LR2 newbuilding contracts. The sale price for each of the four LR2 newbuilding contracts is $51.0M. The two option contracts, which expire on May 31, 2015, may be exercised by Scorpio Tankers for a fixed purchase price of $52.5M for each contract. The company expects to record an aggregate loss on disposal of approximately $41M on the four modified newbuilding contracts. The company also expects to record an aggregate loss of approximately $14M on the potential disposal of the two option modified newbuilding contracts. A sale of all six modified newbuilding contracts will result in an estimated reduction of future cash obligations of approximately $120M.
06:36 EDTTSLU.S. announces tariffs on Chinese, Taiwanese solar companies, NY Times says
The U.S. announced that it would impose tariffs of 26.7%-78.4% on the imports of most Chinese made solar panels, and tariffs of 11.45%-27.5% on solar cells made in Taiwan, according to The New York Times. Duties of 27.6%-50% will be imposed on modules made in China, the newspaper quoted the Commerce Department as saying. American officials still hope that they can reach a settlement with the Chinese on solar trade issues, the newspaper stated. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
December 16, 2014
12:26 EDTTLOGOn The Fly: Midday Wrap
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09:17 EDTIACIInternet sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Americas Internet sector to Attractive to Neutral based on more reasonable valuations, reduced expectations, and strong sector growth. As part of the sector change, the firm upgraded GrubHub (GRUB) to Buy from Neutral, downgraded Shutterfly (SFLY) to Neutral from Buy, and lowered Priceline (PCLN) to Buy from Conviction Buy.
07:45 EDTSALTScorpio Bulkers should underperform peers until funding de-risked, says UBS
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07:12 EDTTLOGTetraLogic provides update on ovarian cancer study
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December 12, 2014
08:09 EDTAIGBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
07:01 EDTJKSJinkoSolar supplies China General Nuclear Power Group 80 MW of solar modules
JinkoSolar announced that it has supplied 80 MW of solar PV modules to China General Nuclear Power Group for a solar PV project in Neihuang County, Henan Province. Located in Mashang and Liucun, two villages in Neihuang County, Henan Province, the project is being built on the rooftops of traditional agricultural greenhouse. It utilizes 325689 pieces of JinkoSolar's high-efficiency PV modules is expected to be connected to the grid by the end of 2014.
December 11, 2014
16:03 EDTRMAXRE/MAX Holdings announces CEO, CFO transition
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December 10, 2014
09:53 EDTPMPhilip Morris says Chairman Louis Camilleri to retire on December 31
The company announces that Louis C. Camilleri, Chairman of the Board, will retire from employment with the company on December 31, 2014. Thereafter, Mr. Camilleri will serve as a non-employee Chairman of the Board. In this capacity, Camilleri will continue unchanged his role of facilitating communication between the Board of Directors and management, assisting the CEO in matters of long-term business strategy, and presiding at Shareholder and Board meetings. Thus, Camilleriís retirement will not affect his leadership role as Chairman of the Board, and it will preserve his earned pension benefits at present levels which would otherwise be reduced under the companyís pension formula.
December 9, 2014
13:32 EDTYPFYPF downgraded to Hold from Buy at Deutsche Bank
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10:04 EDTSALTScorpio Bulkers downgraded to Neutral from Buy at Sterne Agee
December 8, 2014
10:00 EDTPM, CLNEOn The Fly: Analyst Downgrade Summary
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08:10 EDTPMPhilip Morris downgraded to Reduce from Neutral at Nomura
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06:40 EDTIACIIAC looks to sell majority stake in CollegeHumor, Fortune reports
IAC is looking to sell entertainment website CollegeHumor for around $100M, Fortune reports, citing sources. IAC bought a majority stake in the entertainment website eight years ago for around $20M. Reference Link
06:11 EDTTSLTrina Solar acquires 28% stake in Shuntai Leasing
Trina Solar announced it has entered into a share purchase agreement to acquire a 28% stake in Shuntai Leasing Company Limited. Total registered capital of Shuntai is approximately $50M. Changzhou Hi-tech Jinlong Holdings, a subsidiary of Changzhou Hi-tech Group Co., is the major shareholder of Shuntai. Changzhou Hi-tech Group is one of the largest state-owned companies in Changzhou covering a wide range of businesses including government financing, city development and operation of business enterprises. The group also owns several financing institutions and has raised approximately $5.5B in the past years. Trina Solar has also signed a cooperation agreement with Shuntai to finance the company's downstream projects and solar manufacturing business by leveraging Shuntai's leasing platform.
05:42 EDTCLNEClean Energy downgraded to Hold from Buy at Ascendiant
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