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Stock Market & Financial Investment News

News Breaks
August 14, 2014
10:05 EDTLUX, BID, PFSW, LMCA, STNG, NTAP, KMP, PGR, JAKK, EPB, ATHL, IFNNY, DRC, ARUN, HP, CHLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aruba Networks (ARUN) upgraded at Stifel... Athlon Energy (ATHL) upgraded to Outperform from Neutral at Credit Suisse... China Mobile (CHL) upgraded to Outperform from Neutral at Credit Suisse... Dresser-Rand (DRC) upgraded to Buy from Neutral at Guggenheim... El Paso Pipeline (EPB) upgraded to Equal Weight from Underweight at Morgan Stanley... Helmerich & Payne (HP) upgraded to Neutral from Underperform at Credit Suisse... Infineon (IFNNY) upgraded to Buy from Neutral at UBS... JAKKS Pacific (JAKK) upgraded to Overweight from Neutral at Piper Jaffray... Kinder Morgan Energy (KMP) upgraded to Equal Weight from Underweight at Morgan Stanley... Liberty Media (LMCA) upgraded to Overweight from Equal-Weight at Evercore... Luxottica (LUX) upgraded to Neutral from Sell at Goldman... NetApp (NTAP) upgraded to Buy from Hold at Needham... PFSweb (PFSW) upgraded at B. Riley... Progressive (PGR) upgraded to Buy from Neutral at Citigroup... Scorpio Tankers (STNG) upgraded to Outperform from Neutral at Credit Suisse... Sotheby's (BID) upgraded to Perform from Underperform at Williams Capital.
News For ARUN;ATHL;CHL;DRC;EPB;HP;IFNNY;JAKK;KMP;LMCA;LUX;NTAP;PFSW;PGR;STNG;BID From The Last 14 Days
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March 24, 2015
05:27 EDTPGRProgressive downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Progressive to Neutral with a $28 price target citing the playing out of catalysts and the company's increasing reliance on commercial auto profitability for earnings.
March 23, 2015
10:32 EDTCHLApple positioned to reach $1 trillion market cap, Cantor says
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10:00 EDTNTAPOn The Fly: Analyst Downgrade Summary
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10:00 EDTIFNNYOn The Fly: Analyst Upgrade Summary
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07:19 EDTSTNGCapital Link to hold a forum
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06:40 EDTNTAPEMC downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded EMC (EMC) to Neutral to Neutral saying the company is facing increasing pressure from next-gen storage vendors and public cloud providers. Piper notes that it continues to hear Pure Storage and other vendors such as Nimble Storage (NMBL) are making inroads into the installed base of EMC. It cut its price target for shares to $27 from $30. The firm also downgraded NetApp (NTAP) to Neutral this morning for similar reasons, but says EMC has a more defensible position than NetApp.
06:37 EDTNTAPNetApp downgraded to Neutral from Overweight at Piper Jaffray
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05:29 EDTIFNNYInfineon upgraded to Buy from Hold at Deutsche Bank
March 20, 2015
06:24 EDTCHLChina Mobile capex outlook negative for Xilinx, Altera, says Citigroup
Citigroup says the lower 2015 capital expenditure guidance from China Mobile (CHL) is negative for Xilinx (XLNX) and Altera (ALTR) since it offsets the higher spending at China Telecom (CHA) and China Unicom (CHU). Citi sees downside to consensus estimates for both Xilinx and Altera and keeps Neutral ratings on the stocks.
06:09 EDTCHLChina Mobile sees 2015 CapEx budget of $31.9B, DigiTimes reports
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March 19, 2015
11:08 EDTDRCDresser-Rand drops 2% after German magazine highlights integration issues
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11:07 EDTDRCDresser-Rand, Siemens integration not smooth, Manager Magazin says
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March 18, 2015
08:45 EDTPGRProgressive reports Feb. net premiums written $1.69B vs. $1.54B last year
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March 17, 2015
16:41 EDTPFSWPFSweb files to delay Form 10-K
The company was unable to file its annual report on Form 10-K for the fiscal year ended December 31, 2014 by the prescribed date without unreasonable effort or expense due to unexpected delays involved in the completion of the assessment of its internal control environment incident to its transition from a smaller reporting company to an accelerated filer. The company intends to file its annual report on Form 10-K as soon as possible, but in no event later than 15 calendar days from March 16.
08:03 EDTCHLRadiSys' LTE-TDD small cell solution selected by Nanjing Panda Electronics
Radisys (RSYS) announced that Nanjing Panda Electronics Co., Ltd. has selected Radisys’ TOTALeNodeB LTE small cell software to deploy an LTE-TDD solution for its mobile operator customer, China Mobile (CHL). By leveraging Radisys’ complete, integrated LTE eNodeB product, Nanjing Panda Electronics Co., Ltd. will accelerate its time-to-market to meet China Mobile’s LTE-TDD trial deployments scheduled to begin in Q2 of this year.
07:01 EDTBIDeBay launches Sotheby's live auctions experience
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06:42 EDTBIDeBay to start selling Sotheby items today, NY Times says
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March 16, 2015
10:28 EDTBIDSotheby's holder Marcato files opposition to motion for confidential treatment
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07:03 EDTBIDSotheby's names Tad Smith as president and CEO, effective March 31
Sotheby’s (BID) announced that its Board of Directors has concluded its CEO search and appointed Tad Smith as President and CEO, effective March 31. Smith will also join the Sotheby’s Board of Directors. He succeeds William F. Ruprecht who has served as CEO since 2000. Smith has been President and CEO of the Madison Square Garden Company (MSG) since February 2014. In this role, he oversaw the overall strategy and day-to-day operations of MSG Sports, MSG Media, and MSG Entertainment.
March 15, 2015
14:59 EDTIFNNYDeutsche Telekom launches platform for connected industry
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