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Stock Market & Financial Investment News

News Breaks
April 14, 2014
10:02 EDTOSK, MSFT, HTWR, WFM, MIICF, MDT, ENB, STM, MPO, JNJ, GLW, ANFGY, BEP, OFC, CIBOn The Fly: Analyst Downgrade Summary
Antofagasta (ANFGY) downgraded to Hold from Buy at Canaccord... Bancolombia (CIB) downgraded to Neutral from Overweight at JPMorgan... Brookfield Renewable (BEP) downgraded to Neutral from Outperform at Credit Suisse... Corning (GLW) downgraded to Hold from Buy at Stifel... Corporate Office Properties (OFC) downgraded to Neutral from Buy at ISI Group... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... HeartWare (HTWR) downgraded to Sell from Neutral at Goldman... Johnson & Johnson (JNJ) downgraded to Hold from Buy at Jefferies... Medtronic (MDT) downgraded to Neutral from Overweight at JPMorgan... Microsoft (MSFT) downgraded to Hold from Buy at Deutsche Bank... Midstates Petroleum (MPO) downgraded to Hold from Buy at MLV & Co... Millicom (MIICF) downgraded to Sell from Hold at Berenberg... Oshkosh (OSK) downgraded to Accumulate from Buy at Global Hunter... STMicroelectronics (STM) downgraded to Sell from Neutral at UBS... Whole Foods (WFM) downgraded to Hold from Buy at BB&T...
News For ANFGY;CIB;BEP;GLW;OFC;ENB;HTWR;JNJ;MDT;MSFT;MPO;MIICF;OSK;STM;WFM From The Last 14 Days
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June 19, 2015
16:57 EDTHTWRFDA updates recall for HeartWare VAS
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16:24 EDTOSKStocks end week higher after Fed reassures on gradual pace of rate increases
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09:23 EDTMDTMedtronic acquires CardioInsight Technologies
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09:21 EDTMDTMedtronic approves repurchase of addition 80M shares
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09:20 EDTMDTMedtronic raises quarterly dividend by 25% to 38c per share
The board of Medtronic approved a 25% increase in its cash dividend for FY16, raising the quarterly amount to 38c per ordinary share for an annual amount of $1.52 per ordinary share. The dividend is payable on July 17, to shareholders of record at the close of business on June 29.
08:06 EDTMSFTMicrosoft Azure its key to the cloud, says UBS
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07:51 EDTMSFTGameStop CFO says 'blown away' by Microsoft virtual reality demonstration
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07:35 EDTENBEnbridge agrees to transfer Canadian Mainline to Enbridge Income Fund for $30.4B
Enbridge has reached agreement with Enbridge Income Fund to transfer its Canadian Liquids Pipelines Business, held by Enbridge Pipelines, or EPI, and Enbridge Pipelines Athabasca, or EPA, and certain Canadian renewable energy assets to the Fund for consideration payable at closing valued at $30.4B. The Transaction is subject to customary regulatory approvals and closing conditions, as well as a vote of the public shareholders of Enbridge Income Fund Holdings, which is expected to occur in August. The Transaction is a key component of Enbridge's Financial Strategy Optimization introduced in December of last year which included an increase in the company's targeted dividend payout. It advances the company's sponsored vehicle strategy and supports Enbridge's previously announced 33 percent dividend increase in 2015 and expected annual average dividend per share, or DPS, growth of 14%-16% from 2016 through to 2018. It also positions Enbridge to extend its industry leading DPS growth beyond 2018. The Transaction is expected to provide Enbridge with an alternate source of funding for its enterprise wide growth initiatives and enhance its competitiveness for new organic growth opportunities and asset acquisitions. In conjunction with the execution of the Transaction, Enbridge will commence employing supplemental cash flow metrics as part of its normal course quarterly reporting of financial performance and in its guidance. Among other measures, management also expects to utilize available cash flow from operations, or ACFFO, as defined under Non-GAAP Measures below, to assess the performance of its base business and expected growth program as well as its dividend outlook. ACFFO is currently expected to grow at a compound average annual rate of approximately 18% from 2014-2018, inclusive of the impacts of the Transaction. Going forward, the company will express its dividend payout range as a percentage of ACFFO rather than adjusted earnings. The target dividend payout policy range will be 40%-50% of ACFFO, which is approximately equivalent to the previous payout range of 75%-85% of adjusted earnings. The Transaction will significantly increase the Fund's scale and scope and create a transparent source of long-term growth driven by the $15B low risk, commercially secured growth program embedded within the transferred business, $2B of which is already in service. ENF's dividend is expected to be increased by approximately 10% on closing and by an expected further 10% at the beginning of 2016 and each year thereafter through 2019.
07:31 EDTENBEnbridge agrees to transfer Canadian Mainline to Enbridge Income Fund for $30.4B
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06:22 EDTMSFTMicrosoft to offer more Lumia phones through U.S. carriers, Re/code reports
Microsoft (MSFT) will be offering more of its Lumia smartphones through U.S. wireless carriers, Re/code reports. Beginning next week, the company’s Lumia 640 XL smartphone will be available through AT&T (T) for around $250, the report says. The Lumia 735 will begin selling through Verizon (VZ) at around $200, Re/code reports. Reference Link
06:17 EDTMSFTEU gives Google critics one month to remark on antitrust charges, Reuters says
European Union antitrust regulators have sent copies of their charges against Google (GOOG) to critics of the company and given them a month to comment on the charges, Reuters reports, citing one of the complainants. Google has been accused by many companies of abusing its market power and cheating consumers and rivals by tweaking search results to favor its shopping service, the report says. 19 companies, including Microsoft (MSFT) and TripAdvisor (TRIP), are expected to receive the EU charge sheet, Reuters says. Reference Link
June 18, 2015
17:44 EDTOSKOshkosh Defense awarded $780.4M government contract
Oshkosh Defense was awarded a $780.4M fixed-price incentive, multi-year incrementally funded contract to recapitalize 1,363 Heavy Expanded Mobility Tactical Trucks, or HEMTTs, and 435 palletized load systems, or PLS, as well as 1,022 new palletized load system trailers, specialty kits, logistical/test support and other ancillary items. Funding and work location will be determined with each order with an estimated completion date of Feb. 18, 2022. One bid was solicited with one received. Army Contracting Command, Warren, Michigan, is the contracting activity.
13:02 EDTMSFTWorldwide wearables market forecast to grow 173.3% in 2015, IDC says
The wearables market maintained its upward trajectory in the first quarter of 2015 as new vendors, including Apple (AAPL), prepared to enter the market. A new forecast from the International Data Corporation, IDC, Worldwide Quarterly Wearable Device Tracker estimates that 72.1M wearable devices will be shipped in 2015, up a strong 173.3% from the 26.4 million units shipped in 2014. Shipment volumes are expected to experience a compound annual growth rate, CAGR, of 42.6% over the five-year forecast period, reaching 155.7M units shipped in 2019. "We expect smart wearables, those capable of running third party apps, to take the lead in 2016," added Ubrani. "Smart wearables like the Apple (AAPL) Watch and Micosoft's (MSFT) Hololens are indicative of an upcoming change in computing, and the transition from basic to smart wearables opens up a slew of opportunities for vendors, app developers, and accessory makers." Other companies that have been mentioned in the wearable tech group include Google (GOOG), GoPro (GPRO) and Fitbit (FIT). Reference Link
08:04 EDTMSFTGoogle accelerating pace of cloud product innovation, says Baird
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06:48 EDTMSFTGoogle, Microsoft, Mozilla announce WebAssembly partnership, TechCrunch says
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06:41 EDTMSFTMicrosoft's Jo Harlow leaves company in realignment, The Verge reports
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06:10 EDTMSFTMicrosoft writedown for Nokia now more likely, says Jefferies
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June 17, 2015
10:11 EDTMSFTMicrosoft aligns engineering team, Chief Insights Officer to leave
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09:46 EDTMSFTJefferies to hold company meetings at E3 Expo
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07:21 EDTJNJGeneric ADHD drugs still sold despite FDA non-equivalance finding, NYT reports
The FDA announced last November that two generic versions of Johnson & Johnson's (JNJ) Concerta ADHD drug, one made by Mallinckrodt (MNK) and the other by UCB, could no longer be considered the equivalent of the branded drug after tests and analyses suggested that their effectiveness began to wear off much more quickly, but the drugs are still being sold despite an FDA mandated deadline having passed for the companies to either prove the drugs were equivalent or remove them from the market, said The New York Times. The report noted a third generic product, sold by Actavis (AGN), was found to be equivalent to the branded Concerta. Reference Link
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