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Stock Market & Financial Investment News

News Breaks
December 13, 2012
10:12 EDTFBHS, CPRT, BKD, OIS, DRC, BEAV, GRA, SNTA, NX, BKW, MCP, MDCA, BWLD, EAT, AYR, ACGL, ADK, AXSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AXIS Capital (AXS) initiated with a Buy at Goldman... AdCare (ADK) initiated with an Outperform at Imperial Capital... Aircastle (AYR) initiated with a Buy at Deutsche Bank... Albermarle (ALB) initiated with an Outperform at RW Baird... Arch Capital (ACGL) initiated with a Neutral at Goldman... Brinker (EAT) initiated with a Buy at Citigroup... Buffalo Wild Wings (BWLD) initiated with a Neutral at Citigroup... Burger King (BKW) initiated with a Buy at Citigroup... MDC Partners (MDCA) initiated with a Buy at Capstone... Molycorp (MCP) initiated with a Neutral at RW Baird... Quanex (NX) initiated with an In-Line at Imperial Capital... Synta Pharmaceuticals (SNTA) initiated with a Buy at Brean Capital... W.R. Grace (GRA) initiated with an Outperform at RW Baird... BE Aerospace (BEAV)initiated with an Overweight at JPMorgan... Fortune Brands (FBHS) initiated with a Neutral at JPMorgan... Dresser-Rand (DRC) initiated with a Buy at Guggenheim... Oil States (OIS) initiated with a Buy at Guggenheim... Brookdale Senior Living (BKD) initiated with a Neutral at Macquarie... Copart (CPRT) initiated with a Buy at Northcoast.
News For AXS;ADK;ACGL;AYR;EAT;BWLD;MDCA;MCP;BKW;NX;SNTA;GRA;BEAV;DRC;OIS;BKD;CPRT;FBHS From The Last 14 Days
Check below for free stories on AXS;ADK;ACGL;AYR;EAT;BWLD;MDCA;MCP;BKW;NX;SNTA;GRA;BEAV;DRC;OIS;BKD;CPRT;FBHS the last two weeks.
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September 17, 2014
11:26 EDTDRCSulzer confirms talks with Dresser-Rand over potential merger
11:19 EDTDRCDresser-Rand, Sulzer said to plan merger, Bloomberg reports
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07:43 EDTBKDBofA/Merrill to hold a conference
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07:35 EDTNXImperial Capital to hold a conference
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September 16, 2014
16:28 EDTDRCDresser-Rand initiated with a Buy at KeyBanc
Target $80.
09:59 EDTBEAVOn The Fly: Analyst Upgrade Summary
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07:15 EDTBEAVBE Aerospace upgraded to Overweight from Neutral at JPMorgan
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06:19 EDTBEAVBE Aerospace upgraded to Overweight from Neutral at JPMorgan
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September 15, 2014
13:45 EDTBKWTim Hortons up fractionally following preliminary Q3 quarter-to-date SSS report
Tim Hortons (THI) is up fractionally in afternoon trading following the company's pre-market announcement of Q3 quarter-to-date SSS growth results. The company reported Canadian SSS up 3.6% and U.S. SSS up 7.0% for the 9-weeks ended August 31. Tim Hortons released this information in connection with the company's proposed strategic transaction involving 3G Capital and Burger King Worldwide (BKW).
September 12, 2014
09:21 EDTBKWBlackstone to sell 260 Burger King locations, Bloomberg says
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September 11, 2014
18:35 EDTMCPOn The Fly: After Hours Movers
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17:00 EDTMCPMolycorp announces closing of $400M financing arrangement
Molycorp, Inc. announced the successful close of its previously announced $400M financing arrangement with certain investment vehicles affiliated with Oaktree Capital Management, L.P. Under the arrangement, Oaktree will provide Molycorp and certain of the company's subsidiaries with up to $400M in secured financing through credit facilities and the sale and leaseback of certain equipment at the company's Mountain Pass facility. $250M of the financings has now been funded, with the remaining $150M available until April 30, 2016 if Molycorp achieves consolidated adjusted EBITDA of not less than $20.0M per quarter for two consecutive fiscal quarters, and production volume at its Mountain Pass facility of at least 4,000 metric tons per quarter for two consecutive fiscal quarters.
08:09 EDTBKWBerkshire's Munger defends Burger King deal, WSJ reports
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08:03 EDTBKWSenators urge Burger King to stay domiciled in U.S., Reuters reports
The number 2 ranking Senate Democrat, Dick Durbin, and four fellow senators have urged Burger King (BKW) to keep its domicile in the U.S. and give up plans for a "tax inversion" as part of its purchase of Canada's Tim Hortons (THI), reported Reuters. Reference Link
September 10, 2014
13:11 EDTBWLDBuffalo Wild Wings focusing on small brands, Stadia concept, NRN says
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September 9, 2014
07:10 EDTBEAVGabelli to hold a conference
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07:05 EDTBKDBrookdale Senior Living 8.955M share Spot Secondary priced at $33.50
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07:05 EDTNXQuanex backs FY14 revenue guidance of up 8%-9%
Lowers FY14 EBITDA view to $53M-$55M. As previously disclosed, CDI, the vinyl resin pricing index, has increased by 11% so far in 2014, with a further 2% to 4% possible in Q4. Much of the increase realized thus far could not be passed on to certain customers due to previously negotiated contracts. In addition, the underinvestment in extrusion equipment during the housing recession, combined with the increase in volumes this summer, has caused a higher incidence of equipment failures resulting in higher repair and maintenance costs, higher scrap levels and higher labor inefficiencies. These higher operating costs are expected to continue throughout this calendar year. However, the company has recently taken delivery of five new high output extrusion lines which, along with several other initiatives already underway, will allow Quanex to return to a more normal operating cost environment entering calendar 2015 and beyond. Contract negotiations to recover resin cost increases will span the remainder of calendar 2014 with implementation in January 2015.
07:03 EDTNXQuanex reports Q3 EPS 23c, consensus 20c
Reports Q3 revenue $169.98M, consensus $166.06M.
06:57 EDTGRAW.R. Grace sees 2014-2018 sales growth 1.5X GDP
Sees 2014-2018 sales growth 1.5X GDP, 2X GDP in growth products. Sees gross margin 38%-40%. Sees adjusted EBIT growth 8%-10% per year, adjusted free cash flow >$400M per year. Sees expected share repurchase 1%-5% per year from 2014-2018. Sees adjusted EBIT ROIC >30%. Comments from slides that will be presented at the KeyBanc Basic Materials & Packaging Conference.
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