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February 21, 2013
15:11 EDTWBMD, INTU, FLS, JWN, HPQ, COG, NEM, FTR, AIGCompanies reporting After the Market Close on Thursday, February 21
Notable companies reporting after the closing bell on Thursday include American International Group (AIG), Cabot Oil & Gas (COG), Flowserve (FLS), Frontier Communications (FTR), Hewlett-Packard (HPQ), Intuit (INTU), Newmont Mining (NEM), Nordstrom (JWN), and WebMD Health (WBMD).
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October 1, 2015
19:23 EDTJWNOn The Fly: After Hours Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 9%... Micron Technology (MU), up 7%. ALSO HIGHER: bebe stores (BEBE), up 12.7% after reaffirming its first quarter guidance and announcing that its September Same Store Sales turned positive... Coherus Biosciences (CHRS), up 7.5% after CHS-1701 PK/PD study met primary PD endpoints... Nordstrom (JWN), up 3.6% after announcing a special cash dividend and additional $1B repurchase program. DOWN AFTER EARNINGS: Progress Software (PRGS), down 15.7%. ALSO LOWER: Keurig Green Mountain (GMCR), down 3.1% after disclosing the that president of U.S. sales and marketing, John Whoriskey, resigned... T-Mobile (TMUS), down 1.4% after Experian (EXPGY) disclosed a data breach affecting T-Mobile customers... XenoPort (XNPT), down 5.2% after announcing that the company will discontinue the development of XP23829.
16:25 EDTJWNNordstrom announces special cash dividend, additional $1B repurchase program
Nordstrom announced the closing of its credit card transaction with TD Bank U.S.A., N.A, including the sale of its credit card portfolio and the initiation of the long-term agreement under which TD is the exclusive U.S. issuer of Nordstrom-branded Visa and private label consumer credit cards. This transaction supports Nordstrom's strategy to enhance the customer experience while allowing for improvement in capital efficiency. As previously announced on May 26, Nordstrom will continue to perform all customer-facing account servicing functions, maintaining the customer-focused integration between its credit and retail operations. The Company will also continue to fund and manage the Nordstrom Rewards loyalty program, Nordstrom debit cards and Nordstrom employee accounts. This transaction is designed to have virtually no service impact on Nordstrom cardholders, customers and employees. The Company sold its credit card portfolio to TD for $2.2B, representing the gross value of the outstanding receivables. In conjunction with the transaction, the Company prepaid $325M of secured debt due October 2016 to provide the receivables free and clear.The Company intends to deploy net proceeds of $1.8B, after $325M in debt reduction and transaction costs between $35M and $45M, directly to shareholders through dividend and share repurchase. In connection with the closing, its board of directors authorized a special cash dividend and an additional $1B share repurchase program:The special cash dividend of $4.85 per share of outstanding common stock will be payable on October 27, to shareholders of record at the close of business on October 12. The Company expects the aggregate payment to be approximately $900M. The authorized share repurchase program is up to $1B of the Company's outstanding common stock, through March 1, 2017. The actual number, price, manner and timing of future share repurchases, if any, will be subject to market and economic conditions and applicable Securities and Exchange Commission rules. This program is in addition to the Company's existing repurchase program that was approved by its board in September 2014. The existing repurchase program has $591M outstanding as of September 30, and will expire on March 1, 2016.
11:15 EDTHPQAutonomy's Mike Lynch sues HP for $150M in damages, Reuters reports
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07:48 EDTHPQHP board approves separation
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07:32 EDTWBMDWebMD reaffirms FY15 revenue $625M-$635M, consensus $629.50M
Sees FY15 adjusted EBITDA to be at or slightly above previous guidance of $185M-$195M.
06:20 EDTNEMBarrick adviser: Not in talks with Newmont on gold mine stake sale, Reuters says
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September 30, 2015
15:39 EDTHPQHP announces transactions to retire up to $8.85B of debt securities
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10:49 EDTHPQWestern Digital surges on $3.78B investment from China's Unisplendour
Shares of Western Digital (WDC) surged in morning trading after the company said it Unisplendour will take a 15% stake in the U.S. data storage company. WHAT'S NEW: Western Digital and Unisplendour, a unit of China's Tsinghua Holdings, said they entered into a pact under which a Unis subsidiary will invest $3.78B in Western Digital, the companies said. Under the terms of the agreement, Unis will buy the shares at $92.50 each. Unisplendour will own 15% of Western Digital's outstanding shares after the purchase, and have the right to nominate one representative to Western Digital's board of directors, a right that terminates if Unis' ownership falls below 10%. Unis also agreed not to sell any of its Western Digital shares for five years. WHAT'S NOTABLE: In July, the Wall Street Journal reported that Tsinghua Unigroup, which is majority-owned Tsinghua Holdings, offered to buy Micron Technology (MU) for $23B. After several talks and meetings over the matter, Reuters reported on August 28 that Zhao Weiguo, chairman of Tsinghua Unigroup, met with Micron in an attempt to revive takeover talks, but a deal did not come to fruition. Tsinghua Holdings chairman Jinghong Xu said that his company was open to a partnership with Micron if an acquisition deal could not be reached, dealReporter said. Separately, in May, Hewlett-Packard (HPQ) announced that it would sell a 51% stake in its H3C business to Unisplendour for roughly $2.3B. PRICE ACTION: In morning trading, Western Digital shares are up 16.06% to $79.91. OTHERS TO WATCH: Micron, which reports quarterly earnings on Thursday, is up 5.25% to $15.10, HP is up 2.56% to $25.28, SanDisk (SNDK) is up 9.2% to $53.63, Intel (INTC) is up 3.56% to $30.28, and Seagate (STX) is up 5.5% to $44.10.
10:05 EDTJWNHigh option volume stocks
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09:25 EDTHPQJefferies more positive on EMC, more negative on IBM
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09:03 EDTJWNMetLife leads insurers giving $1B, 12-year loan to refinance luxury mall
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September 29, 2015
17:11 EDTWBMDWebMD announces commitment on additional shares for long-term incentive plan
WebMD is making a commitment that none of the 1.7M additional shares to be made available for grant under its 2005 Long-Term Incentive Plan will be used for grants to members of WebMD's Board of Directors or to WebMD's executive officers, except in the case of a new hire who joins WebMD as an executive officer.
12:26 EDTCOGCabot Oil & Gas backs FY15 production growth view 10%-18%
Information from company slides presentation.
10:22 EDTWBMDABC clarifies that WebMD doesn't sell identifiable personal information of users
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10:10 EDTINTUHouse Energy & Commerce Committee to hold a hearing
Commerce, Manufacturing, and Trade Subcommittee holds a hearing entitled, "How the Sharing Economy Creates Jobs, Benefits Consumers, and Raises Policy Questions" with Vice President Alex Chriss of Intuit on September 29 at 10:15 am. Webcast Link
09:03 EDTHPQHP updates entry-level workstation
HP (HPQ) announced the HP Z240 Tower and Z240 SFF Workstations with next generation Intel (INTC) processors and HP Z Turbo Drive options, raising the bar for entry-level workstations, while providing the reliability of a workstation at the price point of a desktop PC. The Z240 is the latest update to the world's No. 1 ranked entry-level workstation, the HP Z230. As HP's most affordable workstation, the Z240 is ideal for customers in the video editing, MCAD/AEC, education, public sector and image viewing industries.
September 28, 2015
16:10 EDTHPQHP initiated with a Neutral at Sterne Agee CRT
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September 25, 2015
18:19 EDTHPQFormer HP Chairman Ray Lane tried to stop Autonomy acquisition, WSJ says
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09:04 EDTHPQHP management to meet with JPMorgan
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September 24, 2015
09:36 EDTHPQGabelli continues to believe Stratasys is a strategic fit for Hewlett-Packard
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