News Breaks |
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| December 11, 2012 |
| 12:33 EDT |  | SPW, S, AIG, FDO, GDI, CLWR, DG, TNS, DAL | On The Fly: Midday Wrap
Stocks on Wall Street were higher at midday amid optimism that budget negotiations between the White House and Republicans have progressed behind closed doors, despite House Speaker John Boehner speaking at midday to say the White House has not provided details on its proposed spending cuts. Boehner's brief press conference took the market down just slightly but the averages all remain solidly in positive territory, with the Nasdaq continuing as the leader... ECONOMIC EVENTS: In the U.S., the NFIB Small Business Optimism Index dropped 5.6 points to 87.5 in November, which was a steeper fall than the forecast move down to 92.5. The U.S. trade deficit widened to $42.2B in October from $41.5B a month earlier. Wholesale inventories increased 0.6% in October, versus expectations for an increase of 0.4%. The Job Openings & Labor Turnover, or JOLTS, report showed job openings rose 128K in October to 3.675M. In Europe, the German ZEW Indicator of Economic Sentiment moved into positive territory for the first time since this May, rising to 6.9 in December from -15.7 in November... COMPANY NEWS: The Treasury announced last night it was exiting its stake in American International Group (AIG), selling its remaining 234.2M shares of AIG common stock. AIG jumped 4.7% following Treasury's exit... Shares of Delta Air Lines (DAL) rose nearly 6% after the company agreed to buy the 49% stake in Virgin Atlantic Airways held by Singapore Airlines for $360M... MAJOR MOVERS: Among the notable gainers were TNS (TNS), up 43% after agreeing to be acquired by Siris Capital for $21 per share, and Clearwire (CLWR), up over 14% after CNBC reported Sprint (S) is in talks to acquire the stake in the company it does not already own. Also higher were shares of Gardner Denver (GDI), which rose 2% after Reuters said the company is in exclusive buyout talks with SPX Corp. (SPW). Shares of SPX, however, fell almost 8% after the report. Among the other noteworthy losers were Dollar General (DG), down 5.9% after its guidance fell short of Street estimates, and peer Family Dollar (FDO), which fell 5.8% in sympathy... INDICES: Near 12:30 pm ET, the Dow was up 117.83, or 0.89%, to 13,287.71; the Nasdaq was up 42.00, or 1.41%, to 3,028.96; and the S&P 500 was up 13.88, or 0.98%, to 1,432.43. |
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News For AIG;DAL;CLWR;S;TNS;GDI;SPW;DG;FDO From The Last 14 Days Check below for free stories on AIG;DAL;CLWR;S;TNS;GDI;SPW;DG;FDO the last two weeks. |
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| June 19, 2013 |
| 16:26 EDT | | S | On The Fly: Closing Wrap
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| 12:09 EDT | | S | On The Fly: Midday Wrap
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| 12:06 EDT |  | S | Options with decreasing implied volatility: DISH VRTX SUPN S
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| 10:25 EDT |  | S | Sprint shares worth $7.51 under SoftBank deal, says Janco
Janco calculates that current Sprint shareholders will receive $7.51 per share upon the closing of the deal with SoftBank, which the firm expects to happen on Tuesday, June 25. The firm views upside to $7.51 from current levels as attractive and keeps a Buy rating on Sprint shares. |
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| 10:01 EDT |  | S | On The Fly: Analyst Downgrade Summary
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| 09:24 EDT |  | S | On The Fly: Pre-market Movers
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| 08:44 EDT | | S | Sprint acquisition by SoftBank likely to be approved, says Wells Fargo
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| 08:05 EDT | | S | Sprint down 3% to $7.10 after DISH ends takeover pursuit
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| 07:59 EDT | | S | Sprint downgraded at Macquarie
As previously reported, Macquarie downgraded Sprint to Neutral from Outperform. The firm recommends taking profits and believes the company is entering a period of heavy investment. Price target is $8. |
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| 07:13 EDT |  | S | Telecom industry looks to grow through acquisition, Bloomberg reports
Global telecommunications companies are chasing after deals from Kansas to Munich in a quest for revenue growth that could lead to the biggest year for mergers in the industry since at least 2006, reports Bloomberg. Over $80B in telecommunications and cable transactions have already been announced or completed this year Reference Link |
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| 07:11 EDT | | S | Softbank moves closer to acquiring Sprint, Reuters reports
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| 06:26 EDT | | S | Sprint downgraded to Neutral from Outperform at Macquarie
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| 06:15 EDT | | AIG | AIG price target raised to $56 from $52 at Deutsche Bank
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| 06:08 EDT | | S | On the Fly: Periodicals Wrap-Up
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| 05:58 EDT | | AIG | ILFC selects Pratt & Whitney PurePower engines for additional 30 A320neo aircraft
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| 05:56 EDT | | AIG | Pratt & Whitney to provide PurePower engines on ILFC order
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| 05:53 EDT | | AIG | Aerolíneas Argentinas to lease four A330-200s from ILFC
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| June 18, 2013 |
| 18:36 EDT | | S, CLWR | DISH issues update on Sprint proposal
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| 11:56 EDT | | DAL | Delta says appeals court upholds challenge to Ex-Im financing
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| 11:30 EDT | | S, CLWR | DISH issues statement on Sprint complaint
DISH Network (DISH) issued the following statement in response to Sprint Nextel's (S) June 17 allegations against DISH and Clearwire (CLWR): “Sprint’s lawsuit is a transparent attempt to divert attention from its failure to deal fairly with Clearwire’s shareholders, as well as to exploit its majority position to block Clearwire’s shareholders from receiving a fair price for their shares. DISH is confident that its superior offer, which has been unanimously recommended by the Clearwire Board, including the majority appointed by Sprint, will be upheld and Clearwire shareholders will be free to realize the 29 percent premium represented by the DISH offer.” |
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