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Stock Market & Financial Investment News

News Breaks
February 20, 2013
05:55 EDTAYR, AYR, WMAR, WMAR, WMT, WMT, SWY, SWY, PWR, PWR, PEG, PEG, PCG, PCG, PDCO, PDCO, HRL, HRL, ESV, ESV, DNR, DNR, CHK, CHK, CG, CG, BRC, BRC, ZLC, ZLCCompanies reporting Before the Market Open on Thursday, February 21
Notable companies reporting before the opening bell on Tuesday include Aircastle (AYR), Brady (BRC), Carlyle Group (CG), Chesapeake Energy (CHK), Denbury Resources (DNR), Ensco (ESV), Hormel Foods (HRL), Patterson Companies (PDCO), PG&E (PCG), Public Service Enterprise Group (PEG), Quanta Services (PWR), Safeway (SWY), Wal-Mart Stores (WMT), West Marine (WMAR), and Zale (ZLC).
News For AYR;BRC;CG;CHK;DNR;ESV;HRL;PDCO;PCG;PEG;PWR;SWY;WMT;WMAR;ZLC From The Last 14 Days
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September 29, 2014
18:15 EDTWMTWal-Mart blames Tracy Morgan for his own injuries in car crash, USA Today says
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08:50 EDTWMTWal-Mart names Instagram CEO and co-founder Kevin Systrom to board
Wal-Mart Stores (WMT) announced that its Board of Directors has appointed Kevin Systrom, an entrepreneur, software engineer and co-founder of photo-sharing service Instagram (FB), as a new member of the company's Board, effective September 26. Systrom became the 15th member of the Board and will also serve as a member of the company's Technology and eCommerce Committee and its Compensation, Nominating and Governance Committee. Systrom is currently CEO of Instagram, where he is responsible for its day-to-day operations and has overseen its growth to more than 200 million monthly active accounts.
September 26, 2014
11:35 EDTCGCarlyle Group to acquire majority interest in six power plants in Georgia
Carlyle Group announced it has agreed to acquire 75.05% of the outstanding interests and operational control of Southeast PowerGen, a portfolio of six natural gas-fired power plants in Georgia, from ArcLight Capital Partners and GIC, Singapore's sovereign wealth fund. Equity capital for the transaction, terms of which were not disclosed, will come from Carlyle Power Opportunities Capital Partners L.P. and Carlyle Power Partners II L.P. The acquisition increases the size of Carlyle’s power generation portfolio to more than 4,300 MW. Southeast PowerGen, presently owned by a consortium of ArcLight Capital Partners, GIC and GE Energy Financial Services, consists of two natural gas-fired combined-cycle power generation facilities and four natural gas-fired peaking facilities totaling 2,815 MWs.
September 25, 2014
18:05 EDTCGCarlyle Group to pay $115M in collusion suit settlement, Reuters says
Carlyle Group is settling a lawsuit that alleged it colluded with other buyout shops to depress deal prices for $115M, says Reuters. The settlement will be paid through a combination of Carlyle Partners IV fund capital, insurance, balance sheet capital, and contributions from some employees of the firm, added Reuters, citing sources. Reference Link
September 24, 2014
12:29 EDTWMTOn The Fly: Midday Wrap
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09:49 EDTWMTGreen Dot's 2014 guidance incorporates Wal-Mart, says Piper Jaffray
Green Dot (GDOT) announced this morning that it will offer its GoBank product at Wal-Mart (WMT) stores nationwide by the end of October. Piper said GoBank has been piloted in a few stores in Texas and the launch has already been incorporated into Green Dot's 2014 guidance and accounts for relatively little in revenues. The firm views the news as a positive in total and said it shows continued traction within GoBank and its relationship with Wal-Mart. Shares of GoBank are Overweight rated with a $24 price target.
09:05 EDTWMTOn The Fly: Pre-market Movers
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05:14 EDTWMTGreen Dot, Wal-Mart announce nationwide rollout of GoBank
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September 23, 2014
13:39 EDTCGGIC in talks with Carlyle over possible GBP 2B takeover of RAC, Sky News says
The Government Investment Corporation of Signapore, or GIC, is in talks with the Carlyle Group over a potential takeover of its RAC division, a roadside assistance company, SkyNews reports, citing a person close to the situation. The deal would be valued at more than GBP 2B, and the deal could occur within days, Sky News added. CVC Capital Patners has also expressed interest in buying the RAC unit from Carlyle. A takeover of RAC would end its prospects of becoming a publicly traded company. The board of RAC will meet in the coming days to decide whether the division should go through with an IPO or pursue a sale of the business, Sky News added, citing an insider. GIC would consider taking a minority stake in RAC before its IPO if it decides to go public, the insider added. Reference Link
08:52 EDTPDCOPatterson Companies added to US 1 List at BofA/Merrill
BofA/Merrill added Patterson to the US 1 List based on expectations for more consistent earnings and improving dental demand. Shares are Buy rated with an increased price target of $47 from $44.
September 22, 2014
10:15 EDTPEGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actavis (ACT) downgraded to Equal Weight from Overweight at Barclays... Aetna (AET) downgraded to Neutral from Buy at BofA/Merrill... Auxilium (AUXL) downgraded to Hold from Buy at Stifel... CARBO Ceramics (CRR) downgraded to Neutral from Buy at Sterne Agee... Commerzbank (CRZBY) downgraded to Underperform from Neutral at Exane BNP Paribas... Concur (CNQR) downgraded to Neutral from Buy at Nomura... Dresser-Rand (DRC) downgraded to Neutral from Accumulate at Global Hunter... Finish Line (FINL) downgraded to Equal Weight from Overweight at Morgan Stanley... General Communications (GNCMA) downgraded to Hold from Buy at Drexel Hamilton... InvenSense (INVN) downgraded to Neutral from Outperform at RW Baird... Las Vegas Sands (LVS) downgraded to Market Perform from Outperform at Wells Fargo... Lindsay Corp. (LNN) downgraded at Sterne Agee... Melco Crown (MPEL) downgraded to Market Perform from Outperform at Wells Fargo... Outerwall (OUTR) downgraded to Sell from Neutral at B. Riley... PSEG (PEG) downgraded to Hold from Buy at Jefferies... Realogy (RLGY) downgraded to Underperform from Neutral at Credit Suisse... Regal-Beloit (RBC) downgraded to Accumulate from Buy at Global Hunter... SABMiller (SBMRY) downgraded to Market Perform from Outperform at Bernstein... Saba Software (SABA) downgraded to Neutral from Buy at B. Riley... Suburban Propane (SPH) downgraded to Market Perform from Outperform at Wells Fargo... Swiss Re (SSREY) downgraded to Underperform from Neutral at Exane BNP Paribas... Towers Watson (TW) downgraded to Buy from Conviction Buy at Goldman... Valmont (VMI) downgraded at Sterne Agee... Walgreen (WAG) downgraded to Equal Weight from Overweight at Barclays... Watts Water (WTS) downgraded to Neutral from Buy at Janney Capital... Wynn Resorts (WYNN) downgraded to Market Perform from Outperform at Wells Fargo... Yahoo (YHOO) downgraded to Neutral from Buy at BofA/Merrill.
08:54 EDTCGCarlyle aims to divest shares in oil-unloading system, WSJ says
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05:36 EDTPEGPSEG downgraded to Hold from Buy at Jefferies
Jefferies downgraded PSEG to Hold saying the Western portion of PJM will likely see more power price improvement versus the East, where the company's power's plants are located. Jefferies lowered its price target for shares to $39 from $41.
September 20, 2014
20:43 EDTCHKChesapeake, Weatherford seem attractive, Barron's says
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September 19, 2014
10:06 EDTPWRQuanta Services management to meet with BB&T
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September 18, 2014
10:40 EDTWMTWal-Mart to hire 60K seasonal associates, 10% more than last year
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10:00 EDTDNROn The Fly: Analyst Downgrade Summary
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09:22 EDTPEGPSEG joins PennEast Pipeline Project
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07:26 EDTDNRDenbury Resources downgraded at RBC Capital
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06:10 EDTDNRDenbury Resources downgraded to Sector Perform from Outperform at RBC Capital
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