New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
September 24, 2012
10:25 EDTCCI, ATU, VECO, RBC, NICE, IEX, FCF, BAX, AKS, X, QCOR, MU, GRC, FNSR, ATML, WBS, SQNM, PROV, MRX, FLSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AK Steel (AKS) downgraded to Sell from Neutral at Citigroup... Actuant (ATU) downgraded to Hold from Buy at Jefferies... Atmel (ATML) downgraded to Neutral from Buy at UBS... Baxter (BAX) downgraded to Hold from Buy at Deutsche Bank... Crown Castle (CCI) downgraded to Neutral from Outperform at Macquarie... Finisar (FNSR) downgraded to Market Perform from Outperform at Raymond James... First Commonwealth (FCF) downgraded to Market Perform at Keefe Bruyette... Flowserve (FLS) downgraded to Hold from Buy at Jefferies... Gorman-Rupp (GRC) downgraded to Underperform from Hold at Jefferies... IDEX Corp. (IEX) downgraded to Hold from Buy at Jefferies... Medicis (MRX) downgraded to Neutral from Positive at Susquehanna... Micron (MU) downgraded to Sector Perform from Outperform at Pacific Crest... NICE Systems (NICE) downgraded to Sector Perform from Outperform at RBC Capital... Providen (PROV) downgraded to Market Perform from Outperform at Raymond James... Questcor (QCOR) downgraded to Market Perform from Outperform at Leerink... Regal-Beloit (RBC) downgraded to Hold from Buy at Jefferies... Sequenom (SQNM) downgraded to Neutral from Overweight at Piper Jaffray... U.S. Steel (X) downgraded to Neutral from Buy at Citigroup... Veeco (VECO) downgraded to Sell from Neutral at Goldman... Webster Financial (WBS) downgraded to Underweight from Equal Weight at Morgan Stanley.
News For AKS;ATU;ATML;BAX;CCI;FNSR;FCF;FLS;GRC;IEX;MRX;MU;NICE;PROV;QCOR;RBC;SQNM;X;VECO;WBS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 21, 2015
09:05 EDTBAXBaxter files for European approval of investigational IGSC 20% treatment for PI
Baxter International announced that its BioScience business has submitted a marketing authorization application to 17 competent authorities in Europe following the decentralized procedure for approval of its investigational 20% concentration subcutaneous immune globulin, or IGSC, treatment for primary immunodeficiencies, or PI, a group of disorders in which part of the body's immune system is missing or does not function properly. Results from a separate study of IGSC 20% among patients with PI in North America are expected to be available in the coming months; based on the outcome of this study, Baxter intends to file for U.S. approval of the treatment before the end of 2015.
06:38 EDTBAXNovo Nordisk rejects claims made by Baxter, Reuters says
Novo Nordisk (NVO) rejects claims made by Baxter (BAX) that the company used substances made by Baxter in its Novoeight haemophilia treatment, following Monday's ITC investigation announcement, reports Reuters, citing an email from Novo Nordisk. Reference Link
05:41 EDTNICENICE Systems sees Intelligence division divestiture neutral to FY16 earnings
05:40 EDTNICENICE Systems lowers FY15 EPS view to $3.01-$3.12 from $3.10-$3.21
Consensus $3.17. Lowers FY15 revenue guidance to $985M-$1.01B from $1.07B-$1.09B, consensus $1.08B.
05:37 EDTNICENICE Systems lowers Q2 EPS view to 64c-70c from 67c-73c, consensus 70c
Lowers Q2 revenue from its continued operations to $229M-$237M from $249M-$257M, consensus $253.1M.
05:36 EDTNICENICE Systems to begin reporting pro forma results in Q2
Subscribe for More Information
05:33 EDTNICEElbit Systems to acquire NICE Systems' Cyber and Intelligence division
Elbit Systems (ESLT) announced that it has signed an agreement to acquire NICE Systems' (NICE) Cyber and Intelligence division for a total amount of up to $157.9M, subject to certain customary adjustments. Out of the total amount, $117.9M will be paid in cash at the time of the closing, expected to take place in the third quarter of 2015, subject to certain closing conditions. An additional amount of up to $40M will be paid as earn-out, based upon the future business performance of the acquired division's activities. NICE's Cyber and Intelligence division's yearly revenue in 2014 was in the high tens of millions of dollars. The Cyber and Intelligence division will be acquired by CYBERBIT LTD, Elbit Systems' subsidiary, recently established in order to consolidate Elbit Systems' existing activities relating to the Cyber Intelligence and Cyber Security markets. CYBERBIT will focus on both the emerging government and commercial cyber markets, leveraging Elbit Systems extensive and proven cyber experience and technologies.
05:31 EDTNICENICE Systems to begin reporting pro forma results in Q2
05:28 EDTNICENICE Systems to sell Intelligence division to Elbit Systems
NICE Systems (NICE) has entered into an agreement to sell its Intelligence division to Elbit Systems (ESLT), for a total consideration of up to $157.9M, subject to certain performance milestones and customary adjustments. NICE's Intelligence division offers solutions which provide law enforcement agencies, intelligence organizations and signal intelligence agencies with tools for generating intelligence from communications. This divestiture will allow NICE to place greater focus on the execution of its long-term strategic plan and to focus on its core markets and business model. The transaction is scheduled to close in early Q3. Within the structure of the agreement, NICE will receive $117.9M in cash at the time of the closing. An additional amount of up to $40M will be paid as earn-out, based upon the future business performance of the acquired division's activities.
May 20, 2015
16:18 EDTFLSFlowserve secures $18M in orders for Peruvian refinery upgrade
Flowserve announced its operations in Rio de Janeiro and Lawrence, Massachusetts, have received orders totaling approximately $18M for pumping systems for the Petroperú Talara refinery in Piura, Peru. The orders were booked in Q4 of 2014.
16:00 EDTMUOptions Update; May 20, 2015
iPath S&P 500 VIX Short-Term Futures up 3c to 19.19. Option volume leaders: AAPL AAL YHOO DAL FB BABA UAL BAC TWTR LUV C TSLA GE MU
12:35 EDTAKSAK Steel to pay $1.35M and implement air pollution controls at Michigan facility
The U.S. Department of Justice, the Environmental Protection Agency, and the Michigan Department of Environmental Quality announced that, under a settlement agreement with the U.S. and the state of Michigan, AK Steel will pay a civil penalty of $1.35M for past violations of the Clean Air Act at its Dearborn, Michigan facility, implement a variety of procedures to reduce future violations and install dynamic air filtration systems at the Salina Elementary and Salina Intermediate Schools across Ferney Street from the plant. The consent decree will require AK Steel to develop an environmental management system for the facility with third-party auditing every six months, annually inspect and continuously monitor the performance of the pollution control equipment at the facility’s basic oxygen furnace and implement a fugitive dust control policy to prevent large particulate emissions into the adjacent neighborhoods. Upon full implementation of the consent decree requirements, particulate matter emissions, including metal hazardous air pollutants, should be reduced by approximately 100 tons per year. The settlement was lodged with the U.S. District Court for the Eastern District of Michigan and is subject to a 30-day public comment period and final court approval. Reference Link
07:36 EDTMUMicron estimates, target lowered on PC weakness at Deutsche Bank
Deutsche Bank lowered estimates for Micron after its channel checks indicated DRAM price negotiations "remain challenging" in May given amid soft PC demand. The firm, however, believes PC demand will strengthen starting in July driven by seasonality and the launch of Windows 10. It thinks this will be the last cut to estimates and maintains a Buy rating on Micron. It lowered its price target for shares to $32 from $34.
May 19, 2015
16:56 EDTIEXColumbus McKinnon appoints IDEX CFO Heath Mitts to board of directors
Columbus McKinnon (CMCO) announced earlier the appointment of Heath Mitts to its board of directors effective May 17. Mitts is SVP and CFO of IDEX (IEX).
May 18, 2015
16:00 EDTMUOptions Update; May 18, 2015
Subscribe for More Information
12:24 EDTBAXBaxter sees FY16 sales growth 2%-3%
Subscribe for More Information
12:20 EDTBAXBaxter sees 2H sales growth approximately flat in constant currency
Subscribe for More Information
10:57 EDTMUMicron May weekly calls active
Micron May weekly 26.5 and 27 weekly calls are active on total call volume of 35K contracts (3K puts). May weekly call option implied volatility is at 36, June is at 32, July is at 34; compared to its 90-day average of 35, active call volume suggests traders taking positions for large near term price movement.
10:32 EDTMUMicron management to meet with JMP Securities
Subscribe for More Information
08:39 EDTBAXBaxter says Baxalta separation on-track for mid-year 2015
Subscribe for More Information
1 | 2 | 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