New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 15, 2014
10:00 EDTREGN, PETM, ARG, HTZ, TITN, TMK, STCK, PL, XONE, BBBY, WSO, TAM, SJR, MHFI, CRUS, APO, RBA, UN, SPHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Airgas (ARG) downgraded to Sell from Neutral at Goldman... Cirrus Logic (CRUS) downgraded to Underperform from Sector Perform at Pacific Crest... ExOne (XONE) downgraded to Hold from Buy at Canaccord... McGraw Hill Financial (MHFI) downgraded to Hold from Buy at Benchmark Co... PetSmart (PETM) downgraded to Neutral from Buy at UBS... Protective Life (PL) downgraded to Market Perform from Outperform at Raymond James... Regeneron (REGN) downgraded to Market Perform from Outperform at BMO Capital... Shaw Communications (SJR) downgraded to Neutral from Buy at BofA/Merrill... Stock Building Supply (STCK) downgraded to Neutral from Buy at Goldman... Suburban Propane (SPH) downgraded to Sell from Neutral at Goldman... Taminco (TAM) downgraded to Neutral from Buy at Goldman... Torchmark (TMK) downgraded to Underperform from Market Perform at Raymond James... Unilever (UN) downgraded to Underweight from Neutral at JPMorgan... Watsco (WSO) downgraded to Sell from Neutral at Goldman... Titan Machinery (TITN) downgraded to Sell from Hold at Cantor... Ritchie Bros. (RBA) downgraded to Sell from Hold at Cantor... Bed Bath & Beyond (BBBY) downgraded to Neutral from Buy at Gilford Securities... Hertz (HTZ) downgraded to Neutral from Buy at Goldman... Apollo Global (APO) downgraded to Perform from Outperform at Oppenheimer.
News For ARG;CRUS;XONE;PETM;MHFI;PL;REGN;SJR;STCK;SPH;TAM;TMK;UN;WSO;TITN;RBA;BBBY;HTZ;APO 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 19, 2015
05:35 EDTUNUnilever says CFO Jean-Marc Hut to step down in October
Unilever announced that its CFO, Jean-Marc Hut, has decided to step down from his role and the boards of Unilever. Hut, who joined Unilever in January 2010, will leave Unilever with effect from October 1. Unilever also announced that Graeme Pitkethly will succeed Hut as CFO with effect from October 1. Pitkethly will become a member of the Unilever Leadership Executive and he will be proposed for election to the boards at the annual meetings in April 2016. Pitkethly joined Unilever in 2002 and is currently Executive Vice President of the Unilever UK and Ireland business and prior to this he has held a number of senior financial roles within Unilever, including Head of M&A, Head of Treasury, Pensions and Tax and Chief Financial Officer of Unilever Indonesia.
May 18, 2015
15:54 EDTAPOFidelity & Guaranty Life moving forward with sale process, dealReporter says
Subscribe for More Information
12:34 EDTREGNRegeneron, Sanofi announce positive pivotal Phase 2b dupilumab data in asthma
Subscribe for More Information
07:11 EDTRBARitchie Bros. sells twenty-five 2013 Volvo VNL 670 sleeper trucks for Swift
Subscribe for More Information
05:53 EDTBBBYStocks with implied volatility movement; YOKU BBBY
Subscribe for More Information
May 15, 2015
14:03 EDTBBBYBed Bath & Beyond spikes on Leonard Green stake
Subscribe for More Information
13:37 EDTHTZAvis spikes after Hertz discloses raising prices ahead of summer travel season
Shares of Avis Budget Group (CAR) and Hertz Global Holdings (HTZ) are rallying after Hertz said it is raising prices in anticipation of a busy summer travel season. WHAT'S NEW: In a press release from last night, Hertz said it is committed to maintaining supply consistent with correlated demand drivers, such as gross domestic product and airline passenger volume. The company said it will moderate its calendar 2015 U.S. fleet plan to reflect a capacity increase of 1.5%-2.5% over 2014 levels. The company has also identified 200 of its U.S. off-airport locations that it will close by the end of the second quarter. WHAT'S NOTABLE: Hertz noted that based on its revised fleet capacity plan and expected strong seasonal demands it is implementing broad-based price increases for its Hertz, Dollar and Thrifty brands at U.S. rental locations for pick ups starting on June 14, and for all dates forward. U.S. airport retail car rentals increased $5 per day and $20 per week. Off-airport retail car rentals increased $3 per day and $10 per week. The company added that weekend rates also reflect price increases of $5 per day for airport rentals and $3 per day for off-airport rentals. PRICE ACTION: In afternoon trading, shares of Hertz are up 4.5% while shares of its rival Avis Budget are up over 8.5%.
13:31 EDTBBBYBed Bath & Beyond rallies after Lenoard Green reports stake
Subscribe for More Information
10:55 EDTHTZJANA Partners gives quarterly update on stakes
Subscribe for More Information
08:15 EDTREGNRegeneron target upped to $550 at Credit Suisse citing growth potential
Subscribe for More Information
08:04 EDTREGNRegeneron price target raised to $450 from $427 at JPMorgan
JPMorgan said it is "increasingly confident" in dupilumab's longer-term prospects in asthma ahead of the full Phase 2b results. The firm believes the drug's peak sales could top $4B. JPMorgan keeps a Neutral rating on Regeneron, however, saying its valuation already reflects blockbuster sales for Eylea, Praluent, sarilumab and dupilumab. It raised its price target for the name to $450 from $427.
06:56 EDTXONEExOne receives standard Nasdaq notice relating to delay in filing Q1 10-Q
ExOne announced that it received notice from The Nasdaq Listing Qualifications Department on May 12, 2015, stating that ExOne is not in compliance with Nasdaq Listing Rule 5250c1, which requires the timely filing of all periodic reports with the SEC. The company received the notice because it has not yet filed its Form 10-Q for the quarter ended March 31, 2015 with the SEC. As previously announced on May 11, 2015, ExOne filed a Form 12b-25 Notification of Late Filing with the SEC reporting a delay in filing its 10-Q. The delay is due to unforeseen difficulties with respect to the implementation of the first phase of its new Enterprise Resource Planning software system in ExOne GmbH, its largest operating subsidiary. The Company expects to file its 10-Q with the SEC in early June 2015. This press release is being issued in accordance with Nasdaq Listing Rule 5810b.
May 14, 2015
17:32 EDTHTZHertz anticipated filing Form 10-Q before mid-FY15
As previously announced, the previously issued financial statements must be restated and should no longer be relied upon. As a result of the completion of Management's examination of additional accounts in connection with our accounting review and investigation, the company has identified an additional $30M in errors above that which had been previously identified. As a result, the impact on GAAP pre-tax income of cumulative errors identified to date, on an unaudited basis, is approximately $42M, $85M and $56M for 2013, 2012 and 2011, respectively, inclusive of $9M in 2012 and $19M in 2011, previously disclosed and reflected in the financials included in the company's 2013 Form 10-K/A. The review and investigation of the company's financial records are ongoing, and amounts are therefore subject to change. The financial information set forth in this release is subject to change based on the completion of the investigation and review, and such changes may be significant. The company anticipates filing a Form 10-K for 2014 that will contain audited restated financial statements for 2012 and 2013 and audited financial statements for 2014, as well as selected restated financial information for 2011. This 2014 Form 10-K will also contain quarterly information for the quarters in 2014 and we intend to seek waivers from certain of our lenders in connection with using this format. Hertz continues to expect that it will not be able to file this 2014 Form 10-K, as well as its first quarter 2015 Form 10-Q, before mid-2015, and there can be no assurance that the process will be completed at that time, or that no additional adjustments will be identified.
17:30 EDTHTZHertz equipment rental separation won't occur until after accounting review
Hertz remains committed to the separation of its equipment rental business and is continuing to advance those plans, although the actual separation will not occur until after the Company has completed its accounting review, filed its financial statements with the SEC, and has completed the audited carve out financial statements for the equipment rental business and requisite SEC filing activities for the separation.
17:29 EDTHTZHertz sees international fleet capacity up 1%-2%
Subscribe for More Information
17:26 EDTHTZHertz reducing fleet capacity, to close 200 locations
Hertz released Q1 operating results and updated the status of its fleet renewal and capacity plans, $200M annual cost reduction program, senior management hiring initiatives and financial restatement process. During the first quarter, the company made progress in the following areas: The U.S. fleet has been significantly renewed since late September with a 47% improvement in the number of vehicles at or below 30,000 miles. An aggressive disposition program as well as new fleet acquisitions have culminated in improved product quality. Customer confidence is returning as a result of the younger fleet and investments in service delivery. Hertz's U.S. car rental Net Promoter Score, a measure of customer satisfaction, eclipsed last year's level and continues to improve. Hertz has further strengthened its leadership team by adding expertise in the areas of revenue management, sales, customer service, information technology, and fleet and procurement, which will enable the company to deliver on its performance improvement plan. Data management and forecasting systems have been enhanced for more reliable visibility to fleet, pricing and demand trends. The cost structure is improving as the company has made significant progress toward its goal of delivering $200M in annualized cost savings by year end 2015. As part of the company's continued, comprehensive review of the profitability of its operations, it has conducted a location-by-location assessment of its U.S. off-airport retail store profitability. While the company remains committed to its off-airport operation, by the end of Q2, it will have closed approximately 200 stores, representing 5% of the total off-airport locations and less than 1% of the vehicle fleet. Closing these stores will result in approximately $10M in annual savings. The company will continue to rigorously review new store openings and the ongoing profitability of the existing locations on a quarterly basis.
17:22 EDTHTZHertz reports Q1 revenue $2.44B, consensus $2.53B
May 12, 2015
12:17 EDTCRUSCirrus Logic management to meet with Piper Jaffray
Subscribe for More Information
08:19 EDTHTZHertz delays filing of March quarterly report
Subscribe for More Information
07:34 EDTARGAirgas acquires Valley Air Supply, terms not disclosed
Airgas announced that it has acquired the assets and operations of Valley Air Supply. Headquartered in Muscle Shoals, Alabama, Valley Air Supply is an industrial gas and welding supply distributor that generated more than $10M in sales in calendar year 2014. Financial terms of the transaction were not disclosed.
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