News Breaks |
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| September 6, 2012 |
| 10:41 EDT |  | NOK, CNQR, ASML, WCRX, IR, CLF, OCZ, EXBD, BCS | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ASML (ASML) downgraded to Hold from Buy at Societe Generale... Barclays (BCS) downgraded to Neutral from Outperform at Credit Suisse... Cliffs Natural (CLF) downgraded to Neutral from Buy at Longbow... Cliffs Natural downgraded to Neutral from Buy at UBS... Concur (CNQR) downgraded to Perform from Outperform at Oppenheimer... Corporate Executive Board (EXBD) downgraded to Hold from Buy at Deutsche Bank... Ingersoll-Rand (IR) downgraded to Equal Weight from Overweight at Morgan Stanley... Nokia (NOK) downgraded to Sell from Hold at Deutsche Bank... Nokia downgraded to Sell from Hold at Societe Generale... OCZ Technology (OCZ) downgraded to Hold from Buy at Needham... Warner Chilcott (WCRX) downgraded to Hold from Buy at Cantor. |
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News For ASML;BCS;CLF;CNQR;EXBD;IR;NOK;OCZ;WCRX From The Last 14 Days Check below for free stories on ASML;BCS;CLF;CNQR;EXBD;IR;NOK;OCZ;WCRX the last two weeks. |
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| June 19, 2013 |
| 10:01 EDT | | CLF | On The Fly: Analyst Downgrade Summary
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| 07:37 EDT |  | BCS | Barclays named a long Research Tactical Idea at Morgan Stanley
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| 07:20 EDT | | CLF | Cliffs Natural downgraded at BofA/Merrill
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| 06:30 EDT | | CLF | Cliffs Natural downgraded to Underperform from Neutral at BofA/Merrill
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| 05:49 EDT |  | NOK | Stocks with implied volatility movement; NOK MNKD
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| June 18, 2013 |
| 15:01 EDT |  | NOK | Nokia rallies sharply, falls back after negative comments from MKM Partners
The stock hit a high today of $4.12 on very heavy volume, approaching over 3 times the daily average. The catalyst for this move higher was an item in the FT that suggested Huawei could be a suitor for the company. MKM Partners came out calling the move up a selling opportunity, suggesting that the EU would likely block any such attempt. Huawei has since come out to say it has no plans to acquire the company, according to Bloomberg. Whether the stock will remain higher on the presumption someone may step forward as a suitor remains to be seen. Support is at the low of the day at $3.67. Resistance is at $4. On a technical basis the shares have been putting in a bullish rounding bottom over the last several months. Purely on a technical basis the stock looks to have upside to $4.62. |
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| 14:55 EDT |  | NOK | Huawei says has 'no plans to acquire' Nokia, Bloomberg reports
Bloomberg cites e-mailed statement from Huawei. |
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| 14:07 EDT | | NOK | Nokia strength is a selling opportunity, says MKM Partners
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| 12:54 EDT | | NOK | Nokia June and July 4 calls active on Huawei may consider buying
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| 12:51 EDT | | NOK | BlackBerry up 4% after FT reports Huawei considering Nokia buy
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| 12:43 EDT | | NOK | Nokia up as much as 7% following FT report Huawei could buy company
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| 12:41 EDT |  | NOK | Huawei may consider buying Nokia, FT says
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| 12:38 EDT | | NOK | Huawei would consider takeover of Nokia, Financial Times reports
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| 10:49 EDT | | NOK | Siemens seeks private equity offers for Nokia Siemens Networks, Reuters says
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| 06:23 EDT |  | IR | Ingersoll-Rand to host conference call
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| June 17, 2013 |
| 16:13 EDT | | IR | Ingersoll-Rand spinoff Allegion to name CEO later this year, names 5 directors
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| 16:08 EDT | | IR | Ingersoll-Rand announces filing of Form 10 registration statement for spinoff
Ingersoll-Rand (IR) announced that Allegion plc filed a Form 10 Registration Statement with the U.S. SEC in connection with Ingersoll Rand’s previously announced plan to spin off its commercial and residential security businesses. The filing provides details about the independent global provider of security products and solutions. As previously announced, Ingersoll Rand expects the spinoff, which is intended to be tax free to shareholders, to occur prior to year-end. Allegion is the name of the new $2.05B security company. The name represents the collaborative, long-term relationships the company forges with customers. It embodies the company’s team of experts and their relentless commitment to safeguarding people and property. |
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| 12:03 EDT | | CLF | Stocks with call strike movement; CLF FSLR
Cliffs Natural (CLF) August 20 call volatility increased 2% to 63, First Solar (FSLR) July 52.5 call option implied volatility decreased 2% to 65 according to IVolatility. |
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| 09:43 EDT | | IR | Ingersoll-Rand sees IRS proposing $400M-$700M owed in tax on debt
Ingersoll-Rand disclosed in a regulatory filing that recently an Internal Revenue Service examination team informally advised the company of its position with respect to interest payments on intercompany debt issued in connection with reincorporation in Bermuda. Ingersoll-Rand stated, "The IRS has informed us that it intends to continue to take the position on this intercompany debt, which was retired at the end of 2011, that it previously took for our 2002 tax year. In that audit the IRS proposed to impose 30% withholding tax on a portion of the interest payments on that intercompany debt as if they were made directly to a company that was not eligible for reduced U.S. withholding tax under a U.S. income tax treaty...The IRS also indicated that it may propose to extend its position further and treat some or all of the interest income from the intercompany debt as “earned” by Ingersoll-Rand Company Limited and, as a result, recharacterize some or all of the distributions made by Ingersoll-Rand Company Limited during the 2003-2006 tax years as taxable dividends instead of as a return of capital...Although we expect it to do so, the IRS has not yet proposed any similar adjustments for years subsequent to 2006, as the federal income tax audits for those years are still in process or have not yet begun...Based on the limited information available to us we believe the IRS will propose that we owe between $400 million and $700 million of additional withholding and income taxes with respect to these issues for 2003-2006, plus penalties. Interest would also be owed on any unpaid amounts...We have vigorously contested all of these proposed adjustments and intend to continue to do so. Although the outcome of these matters cannot be predicted with certainty, based upon an analysis of the merits of our position we believe that we are adequately reserved under the applicable accounting standards for these matters and do not expect that the ultimate resolution will have a material adverse impact on our future results of operations, financial condition, or cash flows. As we move forward to resolve these matters with the IRS, the reserves established may be adjusted. Although we continue to contest the IRS's position, there can be no assurance that we will be successful. If the IRS's position with respect to the 2002-2006 tax years is ultimately sustained it will have a material adverse impact on our future results of operations, financial condition and cash flows." |
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| 09:40 EDT | | CLF | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG CLF TSLA CRM. |
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