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Stock Market & Financial Investment News

News Breaks
November 14, 2013
18:03 EDTMATX, GGP, JCP, PG, CP, APDPershing Square provides quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: Air Products (APD). DECREASED STAKES: Proctor & Gamble (PG), General Growth Properties (GGP), Canadian Pacific (CP). LIQUIDATED STAKES: J.C. Penney (JCP), Matson (MATX).
News For APD;PG;GGP;CP;JCP;MATX From The Last 14 Days
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July 1, 2015
07:25 EDTPGConsumer goods makers challenged by surging freight costs, WSJ reports
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June 30, 2015
17:22 EDTGGPGeneral Growth files automatic mixed securities shelf
15:31 EDTPGProcter & Gamble announces change to laundry pacs to improve safety
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15:20 EDTJCPMoody's raises J.C. Penney liquidity rating to SGL-1 from SGL-2
Moody's Investors Service revised J.C. Penney's rating outlook to positive from stable. Moody's also affirmed the company's Caa1 Corporate Family Rating, and raised the company's Speculative Grade Liquidity rating to SGL-1 from SGL-2. "The rating outlook revision to positive from stable reflects Moody's view that JC Penney's operating performance has shown signs of improvement as a result of better merchandising, cost controls, and integration of its online business" said Moody's Vice President Scott Tuhy. He added, "we have seen positive momentum building for the company to achieve $700M to $800M of adjusted EBITDA, a level in which earnings would fully cover cash flow and interest". The upgrade in the Speculative Grade Liquidity rating primarily reflects the company's improved operating performance as we expect free cash flow to be near break-even levels and the company's meaningful cash balances are sufficient to cover expected seasonal working capital needs.
12:08 EDTCPCanadian Pacific to buy 308K shares from armís length third party for C$55.8M
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08:09 EDTCPRail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).
June 26, 2015
16:16 EDTAPDOn The Fly: Top stock stories for Friday
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15:47 EDTAPDAir Products CEO addresses attack on facility in France
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05:57 EDTAPDSuspect arrested at Air Products plant in France, Reuters reports
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05:53 EDTAPD'Terror attack' suspected at Air Products gas plant in France, CNBC reports
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June 25, 2015
16:03 EDTMATXMatson raises quarterly distribution by 5.9% to 18c per share
The board of Matson declared a Q3 dividend of 18c per common share. The dividend represents a 1c increase, or 5.9%, over the previous quarter's dividend and will be paid on September 3, to all shareholders of record as of the close of business on August 6.
June 24, 2015
10:26 EDTJCPStocks with call strike movement; TWTR JCP
Twitter (TWTR) December 40 call option implied volatility increased 1% to 44, J.C. Penney (JCP) November 20 call option implied volatility decreased 5% to 42 according to IVolatility.
09:02 EDTAPDAir Products LNG technology elected for Freeport LNG terminal facility
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June 23, 2015
06:33 EDTPGOnline market for razors growing quickly, WSJ reports
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