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Stock Market & Financial Investment News

News Breaks
June 12, 2014
10:07 EDTTHRX, SFUN, LULU, STO, VALE, LEAF, AAUKY, DLAKY, DTV, CEVA, AFLYY, RRMS, HIMX, CPSI, BRGYY, AXS, MONT, HA, CHSPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AXIS Capital (AXS) downgraded to Sell from Neutral at Goldman... Air France-KLM (AFLYY) downgraded to Underperform from Hold at Jefferies... Anglo American (AAUKY) downgraded to Underweight from Equal Weight at Morgan Stanley... Associated Estates (aec) downgraded to Sell from Neutral at Citigroup... BG Group (BRGYY) downgraded to Neutral from Buy at Nomura... CEVA (CEVA) downgraded to Sell from Neutral at Chardan... Chesapeake Lodging (CHSP) downgraded to Market Perform from Outperform at FBR Capital... Computer Programs (CPSI) downgraded to Underweight from Hold at KeyBanc... DirecTV (DTV) downgraded to Neutral from Outperform at Macquarie... Hawaiian Holdings (HA) downgraded to In-Line from Outperform at Imperial Capital... Himax (HIMX) downgraded to Hold from Buy at Craig-Hallum... Lufthansa (DLAKY) downgraded to Hold from Buy at Jefferies... Montage Technology (MONT) downgraded to Hold from Buy at Needham... Rose Rock Midstream (RRMS) downgraded to Neutral from Outperform at RW Baird... SouFun (SFUN) downgraded to Hold from Buy at Deutsche Bank... Springleaf (LEAF) downgraded at Sterne Agee... Statoil (STO) downgraded to Hold from Buy at Deutsche Bank... Theravance (THRX) downgraded at Stifel... Vale (VALE) downgraded at Morgan Stanley... lululemon (LULU) downgraded to Hold from Buy at Stifel.
News For AXS;AFLYY;AAUKY;BRGYY;CEVA;CHSP;CPSI;DTV;HA;HIMX;DLAKY;MONT;RRMS;SFUN;LEAF;STO;THRX;VALE;LULU From The Last 14 Days
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July 21, 2015
18:40 EDTHAHawaiian Holdings to acquire three ATR 72 aircraft
Hawaiian Holdings, parent of Hawaiian Airlines, announced plans to acquire three ATR 72 turboprop aircraft in an all-cargo configuration to expand its interisland shipping services. The new operation will launch in the first half of 2016, starting with flights between Honolulu International Airport and Kona International Airport, Kahului Airport, Līhuʻe Airport and Hilo International Airport, with well-timed connections from Hawaiian Airlines' mainland and international network.
18:33 EDTDTVFCC chairman proposes to approve AT&T-DirecTV deal with conditions
In light of news reports concerning the proposed AT&T (T) and DirecTV (DTV) transaction, FCC chairman Tom Wheeler issued the following statement: "An order recommending that the AT&T-DirecTV transaction be approved with conditions has circulated to the commissioners... If the conditions are approved by my colleagues, 12.5M customer locations will have access to a competitive high-speed fiber connection. This additional build-out is about 10 times the size of AT&Tís current fiber-to-the-premise deployment... and more than triples the number of metropolitan areas AT&T has announced plans to serve. In addition, the conditions will build on the 'Open Internet Order' already in effect... First, in order to prevent discrimination against online video competition, AT&T will not be permitted to exclude affiliated video services and content from data caps on its fixed broadband connections. Second, in order to bring greater transparency to interconnection practices, the company will be required to submit all completed interconnection agreements to the Commission, along with regular reports on network performance... We will require an independent officer to help ensure compliance with these and other proposed conditions." Reference Link
18:24 EDTDTVFCC poised to approve AT&T acquisition of DirecTV, WSJ reports
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16:57 EDTDTVFCC poised to approve AT&T acquisition of DirecTV, DJ says
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16:01 EDTHAHawaiian Holdings to acquire ATR 72 turboprop aircraft
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14:22 EDTAXSAXIS calls merger agreement with PartnerRe 'superior' to revised EXOR offer
AXIS Capital Holdings (AXS) stated that its merger agreement with PartnerRe (PRE) is "superior" to the revised offer from EXOR. AXIS Capital said, "The value of our merger agreement with PartnerRe is superior to the EXOR offer both immediately and in the future. We provide continuity of interest for investors to participate in the future upside resulting from the substantial strategic and financial benefits of the combined company, the exchange of PartnerRe common stock for combined company common stock in the amalgamation is tax free to PartnerRe shareholders, we offer deal closing certainty ahead of the upcoming renewal season, and the combined company will have a superior credit profile." AXIS Capital also highlighted that PartnerRe "continues to support the amalgamation agreement between the two companies," according to AXIS.
08:40 EDTAXSPartnerRe says AXIS offer still 'superior' to new EXOR offer
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July 20, 2015
12:25 EDTSFUNMorgan Stanley reports 5.4% passive stake in SouFun
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08:50 EDTAXSEXOR confirms all-cash binding offer of $137.50 per share to PartnerRe investors
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07:04 EDTCEVACEVA's processor technology integrated to Gen5
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06:12 EDTBRGYYRoyal Dutch Shell may cut CapEx for the year, FT reports
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July 19, 2015
16:33 EDTBRGYYShell expects 'billions' more in synergies from BG Group deal, FT says
Shell (RDS.A, RDS.B) CFO Simon Henry told a group of roughly 40 investors and analysts that the company's proposed acquisition of BG Group (BRGYY) is financially sound despite less-than-ideal oil prices due to "value synergies" at a multiple of $1B, reports the Financial Times, citing sources present at Henry's speech. The CFO insisted that the takeover works even with oil near $70 a barrel, explaining that cash flow would be immediately improved and the current dividend would be maintained, said the sources. Reference Link
July 17, 2015
11:19 EDTAXSPreferred holders unlikely to prefer improved AXIS bid for PartnerRe, CTFN says
After AXIS Capital (AXS) and PartnerRe (PRE) announced enhancements to the terms of their proposed merger, a person with firsthand knowledge of the situation told CTFN that large stakeholders with preferred shares are still likely to view EXOR's bid, which gives the chance to "cash out with [a] clean all-cash bid...at a higher valuation," as the more attractive option. Reference Link
July 16, 2015
10:45 EDTDTVNetflix price targets soar as Bernstein stays bearish
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10:00 EDTSTOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arc Logistics (ARCX) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Buy from Hold at Deutsche Bank... FreightCar America (RAIL) upgraded to Neutral from Sell at UBS... Frontier Communications (FTR) upgraded to Buy from Hold at Jefferies... Google (GOOG) upgraded to Outperform from Market Perform at BMO Capital... Intel (INTC) upgraded to Buy from Hold at Needham... Medtronic (MDT) upgraded to Buy from Neutral at BTIG... Netflix (NFLX) upgraded to Buy from Neutral at Rosenblatt... New Jersey Resources (NJR) upgraded to Buy from Hold at Argus... ONEOK Partners (OKS) upgraded to Outperform from Perform at Oppenheimer... Patterson-UTI (PTEN) upgraded to Overweight from Equal Weight at Morgan Stanley... SJM Holdings (SJMHY) upgraded to Overweight from Underweight at JPMorgan... Statoil (STO) upgraded to Buy from Neutral at Citi... SunOpta (STKL) upgraded to Outperform from Sector Perform at Scotia Howard Weil... Viacom (VIAB) upgraded to Neutral from Sell at Citi... Walgreens Boots Alliance (WBA) upgraded to Outperform from Neutral at Credit Suisse... Werner (WERN) upgraded on 'compelling' valuation at Wells Fargo... Wisconsin Energy (WEC) upgraded to Outperform from Neutral at Baird... voxeljet (VJET) upgraded to Overweight from Neutral at Piper Jaffray.
09:55 EDTDTVRovi trial loss immaterial to estimates, says Piper Jaffray
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07:32 EDTAXSAXIS, PartnerRe announce enhanced merger terms
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05:56 EDTDTVNetflix ruling irrelevant to Rovi contract renewals, says B. Riley
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05:52 EDTDTVRuling in Netflix case a negative for Rovi, says JPMorgan
JPMorgan analyst Sterling Auty says court filings released after yesterday's market close indicate Netflix (NFLX) was granted a motion of summary invalidating all five of the remaining Rovi (ROVI) patents that were being contested. Auty expects Rovi to sell off on the news as investors consider what the ruling may do to the company's upcoming contract renewals with Comcast (CMCSA), Time Warner Cable (TWC), DirecTV (DTV) and DISH (DISH). The "big 4" choosing to litigate against Rovi is "certainly a possibility," but the companies have bigger patent infringement exposures than an over-the-top vendor like Netflix, Auty writes in a research note. He keeps a Neutral rating on Rovi.
05:22 EDTSTOStatoil upgraded to Buy from Neutral at Citi
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