New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 15, 2012
11:31 EDTTWC, HAL, PRU, BHI, ESRX, ANF, CHAOn The Fly: Analysts Upgrade Summary
Today's noteworthy upgrades include: Abercrombie & Fitch (ANF) upgraded to Buy from Neutral at Sterne Agee and to Neutral from Underperform at Credit Suisse...Prudential (PRU) upgraded to Top Pick from Outperform at RBC Capital...Time Warner Cable (TWC) upgraded to Overweight from Neutral at JPMorgan...Express Scripts (ESRX) upgraded to Buy from Neutral at Citigroup...Halliburton (HAL) upgraded to Buy from Underperform at CLSA...China Telecom (CHA) upgraded to Outperform from Neutral at Credit Suisse...Baker Hughes (BHI) upgraded to Buy from Outperform at CLSA.
News For ANF;PRU;TWC;ESRX;HAL;CHA;BHI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
September 30, 2015
17:34 EDTESRXExpress Scripts says many PCSK9 prescriptions denied, Reuters reports
Subscribe for More Information
17:04 EDTTWCEarthLink, Time Warner Cable extend high-speed service agreement
Subscribe for More Information
13:33 EDTTWCFCC review of Charter-TWC deal likely to extend into 1Q16, CTFN says
The FCC's review of Charter Communications' (CHTR) proposed merger with Time Warner Cable (TWC) and Bright House Networks will likely extend into the first quarter of 2016 and could take even longer, CTFN reports, citing an attorney who often deals with telecom issues before the FCC. "...It is virtually impossible for the FCC to complete its review and adopt an order approving the license transfer before 1Q16 and, in my opinion, even getting it done before April 1 is a stretch," Barbara Esbin, a partner at law firm Cinnamon Mueller, told CTFN in an email. Esbin also said that the merger "appears to have drawn none of the heavy flack that felled Comcast (CMCSA)-TWC," a proposal that was nixed by the FCC and DOJ earlier this year, the report says. California utility regulators are also preparing for their own review of the deal since it will particularly effect the southern half of the state, the report says. Reference Link
11:39 EDTHALStocks with call strike movement; BIIB HAL
Subscribe for More Information
10:47 EDTESRXLeerink analyst/industry conference call date/time changed from October 8 10 am
Healthcare Distribution & Technology Larsen, along with Diplomat Pharmacy Chairman & CEO Hagerman and CFO & Secretary/Treasurer Whelan, provide industry insights including the potential impact of Hillary Care, the influence CMS may have on overall drug pricing and recent stock volatility on an Analyst/Industry conference call now being held at a new date and time of September 30 at 5 pm.
September 29, 2015
12:57 EDTTWCFCC nod for TWC, Charter deal may not be as easy as expected, dealReporter says
Subscribe for More Information
September 28, 2015
10:37 EDTBHI, HALAnalysts sees upside for Halliburton as Baker Hughes deal moves forward
Subscribe for More Information
09:12 EDTTWCRovi news a 'small positive first step,' says JPMorgan
Subscribe for More Information
08:07 EDTTWCRovi, Time Warner Cable extend existing agreement
Subscribe for More Information
06:48 EDTHAL, BHIHalliburton and Baker Hughes announce additional divestiture proposals
Halliburton (HAL) and Baker Hughes (BHI) announced that the companies will market for sale additional businesses in connection with Halliburton's pending acquisition of Baker Hughes. Pursuant to the Merger Agreement, and in order to permit completion of Halliburton's acquisition of Baker Hughes, the following additional businesses are intended to be divested: Halliburton's expandable liner hangers business, which is part of the company's Completion & Production Division; Baker Hughes' core completions business, which includes: packers, flow control tools, subsurface safety systems, intelligent well systems, permanent monitoring, sand control tools and sand control screens; the Baker Hughes sand control business in the Gulf of Mexico, including two pressure pumping vessels; and Baker Hughes' offshore cementing businesses in Australia, Brazil, the Gulf of Mexico, Norway, and the United Kingdom. The combined 2013 revenue associated with all of the businesses intended to be divested was approximately $5.2B. The sale of these businesses will be subject to the negotiation of acceptable terms and conditions for the divestitures, the approval of the divesting company's board, and final approval of the Baker Hughes acquisition by competition enforcement authorities. Halliburton anticipates that the companies will complete the sales of these businesses in the same timeframe as, and the closing of the divestitures would be conditioned on, the closing of the pending Baker Hughes acquisition.
September 25, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 4 to 838
Baker Hughes says that the U.S. Rig Count is down 4 rigs from last week to 838, with oil rigs down 4 to 640, gas rigs down 1 to 197, and miscellaneous rigs up 1 to 1. Says the U.S. Rig Count is down 1,093 rigs from last year at 1,931, with oil rigs down 952, gas rigs down 141, and miscellaneous rigs unchanged at 1. The U.S. Offshore rig count is 33, up 2 rigs from last week, and down 29 rigs year over year. The Canadian Rig Count is down 6 rigs from last week to 176, with oil rigs down 4 to 66, and gas rigs down 2 to 110. The Canadian Rig Count is down 253 rigs from last year at 429, with oil rigs down 180, and gas rigs down 73.
September 24, 2015
15:01 EDTANFAbercrombie & Fitch downgraded to Hold from Buy at Standpoint Research
06:52 EDTHALFracking companies see bankruptcies, closures, WSJ reports
A series of bankruptcies and closures has swept across the oil industry, with dozens of mostly small, privately owned fracking companies at risk, the Wall Street Journal reports. Most companies that help oil and gas explorers drill and frack wells are small, privately owned and fairly young, the report says. The fall in oil prices has played a large role in the failures of many of these companies, the report says. Companies in the space include Key Energy Services (KEG), Basic Energy Services (BAS), Schlumberger (SLB), and Halliburton (HAL). Reference Link
September 23, 2015
13:34 EDTTWCLiberty Broadband shareholders approve proposals related to Charter merger
Liberty Broadband (LBRDA, LBRDK) announced that at its special meeting of stockholders, the holders of Liberty's common stock entitled to vote thereat approved both proposals presented at the meeting relating to Liberty's issuance of shares of its Series C common stock to third party investors, the proceeds of which will fund all or a portion of Liberty's purchase of $4.3B of stock of a new publicly traded Charter Communications (CHTR) following its proposed merger with Time Warner Cable (TWC), all as previously announced.
09:31 EDTTWCTime Warner Cable announces partnership with Telemundo
Subscribe for More Information
September 22, 2015
14:14 EDTHAL, BHIWeatherford spikes after cancelling share offering
Shares of Weatherford (WFT) spiked Tuesday after the company cancelled plans for a public share offering, saying it was "unwilling to sell securities at prices that do not reflect the value" created at the company. Several analysts weighed in on the news, appearing generally bullish on the company but disagreeing on whether Weatherford should focus on its own operations or continue to pursue acquisitions. FOCUS ON FUNDAMENTALS: Jefferies analyst Brad Handler reiterated his Buy rating and $13 price target on Weatherford shares, explaining that the capital increase plans would likely have gone towards buying Halliburton (HAL) drilling assets at an "unattractive" price point. Note that Halliburton is conducting various asset divestitures as part of its planned takeover of Baker Hughes (BHI), with Bloomberg reporting on September 14 that Weatherford had made a bid for the service portion of Halliburton's Sperry Drilling unit. In today's note, Handler acknowledged that the potential acquisition would add some "meaningful" synergies on paper, but he also highlighted the risk of further diluting Weatherford share value. Handler concluded that he is generally more comfortable with a Weatherford "that walks before it runs," adding that he hopes the company "continues to resist the temptation" of large acquisitions amid the current sector downturn. ACQUISITION POTENTIAL: Iberia analyst Robert MacKenzie said he is a buyer of Weatherford shares after Monday's 17% selloff prior to the capital raise cancellation last night. Although an acquisition by Weatherford is less likely without the funds from the public offering, it is still possible, "especially considering that no mention of backing away from their acquisition intent was made in the most recent press release," MacKenzie noted. However, Weatherford's press release announcing the capital raise specifically cited the need to pre-fund potential acquisitions, while its cancellation notice emphasized a focus on core businesses and efficient operations. Nevertheless, MacKenzie argued that Halliburton "remains a motivated seller" and called Weatherford the "most logical" candidate to pick up the company's previously-mentioned assets, saying the potentially transformative acquisition would make "tremendous sense." PRICE ACTION: Weatherford shares are up more than 8.5% to $9.13 in intraday trading after falling throughout yesterday's session on the company's initial decision to pursue a public offering.
September 21, 2015
16:51 EDTTWCTime Warner Cable confirms shareholder approval of merger with Charter
Subscribe for More Information
15:58 EDTTWCCharter stockholders approve Time Warner Cable, Bright House transactions
Subscribe for More Information
11:12 EDTTWCTime Warner Cable stakeholders approve Charter takeover, Reuters reports
Time Warner Cable (TWC) shareholders have approved its $56B takeover by Charter Communications (CHTR), Reuters reports, citing preliminary votes at a special shareholder meeting. Reference Link
09:19 EDTPRUPrudential management to meet with JPMorgan
Subscribe for More Information
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use