New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 30, 2014
10:13 EDTTECD, SOL, BLOX, GMK, ALK, VWDRY, SDRL, PRXL, HSH, FRED, TYL, RY, OVTI, HHS, EXASOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Alaska Air (ALK) downgraded to Hold from Buy at Stifel... Exact Sciences (EXAS) downgraded to Neutral from Outperform at Wedbush... Fred's (FRED) downgraded at BB&T... Gruma (GMK) downgraded to Hold from Buy at Deutsche Bank... Harte-Hanks (HHS) downgraded at BMO Capital... Hillshire Brands (HSH) downgraded to Market Perform from Outperform at Bernstein... Infoblox (BLOX) downgraded to Sector Perform from Outperform at Pacific Crest... OmniVision (OVTI) downgraded to Underperform from Market Perform at Raymond James... PAREXEL (PRXL) assumed with a Market Perform at Raymond James... ReneSola (SOL) downgraded to Neutral from Buy at Roth Capital... Royal Bank of Canada (RY) downgraded to Sector Performer from Outperformer at CIBC... Seadrill (SDRL) downgraded to Sell from Hold at Nordea... Tech Data (TECD) downgraded to Underperform from Outperform at CLSA... Tyler Technologies (TYL) downgraded to Hold from Buy at Dougherty... Vestas Wind (VWDRY) downgraded to Neutral from Buy at Goldman.
News For ALK;EXAS;FRED;GMK;HHS;HSH;BLOX;OVTI;PRXL;SOL;RY;SDRL;TECD;TYL;VWDRY 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 | >>
January 22, 2015
12:28 EDTALK, RYOn The Fly: Midday Wrap
Subscribe for More Information
11:57 EDTALKAirline rally continues after companies report results
Subscribe for More Information
09:16 EDTSDRL, ALK, RYOn The Fly: Pre-market Movers
Subscribe for More Information
08:49 EDTSDRLNorth Atlantic Drilling says Seadrill to back 2018 bond in trade for amendments
North Atlantic Drilling (NADL) announces the launch of an amendment process whereby Seadrill Limited (SDRL) will provide a guarantee for the company's NOK 1.5B bond maturing in 2018, in exchange for some amendments to the bond covenant package, namely replacing the NADL's current financial covenants with Seadrill's financial covenants from Seadrill's NOK denominated bonds. Concurrent with the amendment process for the Bond Agreement, NADL has also launched an amendment process for its secured credit facilities whereby Seadrill Limited will provide a guarantee. Successful conclusion of this process will amend the terms of the loan agreements to align with the terms set forth in Seadrill Limited's loan agreements. "The company's lenders have been supportive thus far and we expect successful conclusion of this amendment in the weeks to come," the company stated. North Atlantic Drilling shares are up 19% in pre-market trading following the announcement.
08:03 EDTRYRoyal Bank of Canada to host conference call
Subscribe for More Information
07:14 EDTRYCity National volatility elevated into Royal Bank of Canada acquiring for $5.4B
Subscribe for More Information
07:05 EDTRYRoyal Bank of Canada to acquire City National for $93.80 per share
City National Corporation (CYN) and Royal Bank of Canada (RY) announced a definitive agreement by which Royal Bank of Canada will acquire all outstanding shares of City National Corp. Total consideration is valued at approximately $5.4B at announcement, or approximately $93.80 per City National share, comprised of a mix of cash and common stock, based on RBC's closing stock price on January 21. The agreement has been approved by the boards of both companies. Following completion of this transaction, Russell Goldsmith will remain Chairman and CEO of City National, and he also will be responsible for RBC's U.S. Wealth Management unit. Goldsmith has served as City National's CEO since 1995. RBC will pay, on average, approximately $47.25 in cash and 0.7489 of an RBC common share for each share of City National common stock. City National stockholders will be entitled to elect to receive the merger consideration in RBC common shares or cash, subject to certain adjustments and limitations. The aggregate consideration will be paid with approximately $2.7B in cash and approximately 44M RBC common shares. This represents approximately a 50% cash and 50% share mix as of announcement. The total number of RBC common shares to be issued and the amount of cash to be paid in the transaction are both fixed. As part of the transaction, the Goldsmith family stockholders have agreed to vote their City National holdings in favor of the transaction and to hold at least 50% of the RBC common shares received by them in the transaction until the third anniversary of closing. The transaction is expected to be accretive to RBC's earnings per share in the latter part of year three and accretive to earnings in year two. Given RBC's strong capital position and internal capital generation, the company expects to maintain its ongoing capital management program, and to maintain a Common Equity Tier 1 ratio at closing broadly in line with its current level. RBC's CET 1 ratio was 9.9% as of October 31, 2014. Closing is expected before the end of calendar 2015 subject to customary closing conditions, including receipt of required regulatory approvals and the approval of City National's stockholders.
07:02 EDTRYRoyal Bank of Canada to acquire City National for $93.80 per share
Subscribe for More Information
06:19 EDTALKAlaska Air raises quarterly dividend by 60% to 20c
The board declared a 20c per share dividend, up 60% from the prior quarter. The dividend will be paid on March 10, to shareholders of record as of February 24, 2015.
06:18 EDTALKAlaska Air grew passenger revenue by 8% in Q4 compared to last year
Subscribe for More Information
06:17 EDTALKAlaska Air reports Q4 adjusted EPS 94c, consensus 93c
Subscribe for More Information
January 21, 2015
15:27 EDTALKNotable companies reporting before tomorrow's open
Subscribe for More Information
12:40 EDTFREDFred's management to meet with FBR Capital
Subscribe for More Information
09:19 EDTTYLTyler Technologies, Gwinnett County sign appraisal services contract
Tyler Technologies has signed an agreement with Gwinnett County, Georgia, for Tylerís CLT Appraisal Services to conduct the countyís annual assessment work on commercial and industrial properties.
January 20, 2015
08:49 EDTPRXLPAREXEL downgraded to Neutral from Buy at SunTrust
SunTrust downgraded PAREXEL based on full valuation. Price target remains $65.
07:25 EDTHHSNoble Financial to hold a conference
Subscribe for More Information
06:09 EDTPRXLPAREXEL downgraded to Neutral from Buy at SunTrust
Subscribe for More Information
January 16, 2015
10:06 EDTRYHigh option volume stocks
Subscribe for More Information
10:01 EDTOVTIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 21st Century Fox (FOXA) initiated with a Buy at Stifel... Arista Networks (ANET) initiated with a Neutral at Buckingham... Boston Beer (SAM) initiated with a Buy at Jefferies... Brocade (BRCD) initiated with a Neutral at Buckingham... CBS (CBS) initiated with a Buy at Stifel... Cabela's (CAB) initiated with an Outperform at Raymond James... Coach (COH) initiated with a Market Perform at Bernstein... Costco (COST) initiated with an Outperform at BMO Capital... Crane (CR) initiated with a Hold at Canaccord... Flowserve (FLS) initiated with a Neutral at Susquehanna... Fortinet (FTNT) initiated with a Buy at Buckingham... Gap (GPS) initiated with a Market Perform at Bernstein... GrubHub (GRUB) initiated with a Buy at Stifel... Imperva (IMPV) initiated with a Neutral at Buckingham... KLX Inc. (KLXI) initiated with a Sector Perform at RBC Capital... KNOT Offshore Partners (KNOP) initiated with a Buy at UBS... L Brands (LB) initiated with a Market Perform at Bernstein... Michael Kors (KORS) initiated with an Outperform at Bernstein... Northstar Realty (NRF) initiated with a Buy at Sterne Agee... OmniVision (OVTI) initiated with a Buy at Rosenblatt... Qorvo (QRVO) initiated with a Buy at Brean ... RSP Permian (RSPP) initiated with an Outperform at Northland... Ross Stores (ROST) initiated with a Market Perform at Bernstein... SPX Corp. (SPW) initiated with a Neutral at Susquehanna... TJX (TJX) initiated with an Outperform at Bernstein... Tiffany (TIF) initiated with a Market Perform at Bernstein... Viacom (VIAB) initiated with a Buy at Stifel... Xylem (XYL) initiated with a Neutral at Susquehanna... iGATE (IGTE) initiated with a Buy at Deutsche Bank... lululemon (LULU) initiated with an Outperform at Bernstein.
09:16 EDTOVTIOmniVision initiated with a Buy at Rosenblatt
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