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Stock Market & Financial Investment News

News Breaks
January 30, 2013
12:34 EDTMTOR, BIOC, LLL, BA, KMP, CHK, BBRY, CODE, CPNO, NOC, RIMMOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after a surprising report that showed gross domestic product contracted in the fourth quarter of 2012. The averages have remained in a narrow trading range right around the flat line ahead of the FOMC statement expected this afternoon... ECONOMIC EVENTS: In the U.S., the Commerce Department said gross domestic product shrunk at a 0.1% annual rate in Q4, far short of the analyst forecast for 1.1% growth. The weak preliminary result, which was attributed to a plunge in inventories and defense spending, may be revised in the months ahead, but if it stays in negative territory Q4 would mark the first U.S. economic contraction since Q2 of 2009. The Federal Open Market Committee decision later today may be market moving, though analysts generally expect no change to rates or policy... COMPANY NEWS: Boeing (BA) led the Dow with a gain of over 1% after its better-than-expected earnings and forecast for the upcoming year reassured investors. The company also said 787 production continues, though 787 deliveries are suspended until the FAA gives clearance. Among other companies in the Aerospace & Defense industry also reporting this morning, L-3 Communications (LLL) and Northrop Grumman (NOC) advanced as well... Research In Motion (RIMM), in addition to unveiling two new smartphones and its new BlackBerry 10 operating system, announced it will change its corporate name to "BlackBerry" and Nasdaq ticker to "BBRY". Investors certainly appeared to "sell the news" as shares, which had been up early in the session, slid during the launch event and were down nearly 8% near noon... MAJOR MOVERS: Among the notable gainers was Chesapeake Energy (CHK), which rose 6% after the company announced last night that its controversial CEO, Aubrey McClendon, would retire on April 1. Other gainers included two companies being acquired: BioClinica (BIOC), advanced 19% after agreeing to be acquired by JLL Partners for $7.25 a share, while Copano Energy (CPNO) gained 14% after being acquired by Kinder Morgan Energy (KMP) in a unit for unit transaction. Kinder Morgan shares slid over 2% after the deal announcement. Among the other noteworthy losers were Meritor (MTOR), down nearly 16%, and Spansion (CODE), which fell 12% after their earnings reports... INDICES: Near noon, the Dow was down 17.82, or 0.13%, to 13,936.60; the Nasdaq was down 1.54, or 0.05%, to 3,152.12; and the S&P 500 was down 2.92, or 0.19%, to 1,504.92.
News For BA;RIMM;BBRY;LLL;NOC;CHK;BIOC;CPNO;KMP;MTOR;CODE From The Last 14 Days
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April 15, 2014
08:03 EDTBBRYBlackBerry invests in NantHealth for integrated end-to-end healthcare solutions
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06:29 EDTBAFuji Heavy Industries o open factory plant for next-gen Boeing jets, Nikkei says
Fuji Heavy Industries (FUJHY) plans to open a new factory next year to produce parts for Boeing's (BA) next-generation 666X passenger jets, reports Nikkei. Fuji Heavy Industries is expected to spend $97.6M for the new plant and will likely build enough parts to equip 100 of the new aircraft next year. Reference Link
April 14, 2014
16:49 EDTBASpirit AeroSystems, Boeing amend supply agreement
Spirit AeroSystems (SPR) disclosed in a regulatory filing that on April the company entered an agreement with Boeing (BA) amending Spirit’s long-term supply agreement with Boeing covering products for Boeing’s B737, B747, B767 and B777 commercial aircraft programs. The amended agreement establishes pricing terms for recurring products for the period commencing on April 1 and ending on December 31, 2015. Prices will continue to be adjusted each year based on a quantity-based price adjustment formula described in the agreement, whereby average per-unit prices are higher at lower volumes. Prices continue to be subject to other adjustments provided for under the agreement. The new pricing terms will not be applied to the period prior to April 1. Spirit does not expect the amended agreement to have a material impact on previously announced EPS guidance.
16:34 EDTCODESpansion initiated with a Buy at Sterne Agee
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08:40 EDTKMPKinder Morgan's TGP awards 100% of capacity for Broad Run to Antero Resources
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07:06 EDTLLL, BAU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 13, 2014
17:05 EDTBBRYBlackBerry plans to release 'Heartbleed' patches, Reuters says
BlackBerry is planning a release of security updates for messaging software for Android and iOS devices by Friday to deal with vulnerabilities in programs related to the "Heartbleed" security threat, says Reuters. Reference Link
April 11, 2014
17:23 EDTNOCNorthrop Grumman awarded $234.1M government contract modification
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08:22 EDTBAAerCap completes 29 aircraft transactions in Q1
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07:18 EDTKMPHuntington Ingalls conducts study with Kinder Morgan
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April 10, 2014
12:13 EDTBBRYBlackBerry CEO: No intention of selling handset unit, Globe and Mail reports
BlackBerry CEO John Chen said his comments that he would consider exiting the handset business were taken out of context, and that there are no immediate plans to sell the business, The Globe and Mail reports. Reference Link
April 9, 2014
19:49 EDTBBRYBlackBerry would consider handset unit sale, Reuters says
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16:08 EDTNOCNorthrop Grumman ships payload module two months early
Northrop Grumman (NOC) shipped the fourth Advanced Extremely High Frequency satellite payload module nearly two months early, at Lockheed Martin (LMT) Space Systems, Sunnyvale, Calif., AEHF system prime contractor.Complete payload delivery is expected to finish a full six months early.
13:49 EDTBABoeing, Air Canada sign agreement for Boeing Maintenance Performance Toolbox
Boeing (BA) announced that Air Canada (AIDIF) has signed an agreement to implement the Boeing Maintenance Performance Toolbox to support maintenance operations for its 767, 777, 787 and 737 MAX airplane fleets. The Maintenance Performance Toolbox suite delivers access to information that technicians need to resolve airplane maintenance issues. As part of the Toolbox deployment project, Boeing will also provide services for transition and migration of customized data from maintenance management applications currently used by Air Canada, and will enable integration with existing maintenance resource planning systems.
09:36 EDTCHKActive equity options trading on open
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April 7, 2014
19:17 EDTBBRYBlackBerry wins patent suit against NXP
BlackBerry (BBRY) announced that a federal jury ruled in favor of BlackBerry in a patent infringement case brought by NXP (NXPI) in the U.S. District Court, Middle District of Florida, Orlando Division. The jury found both that BlackBerry did not infringe NXP's patents, and that the patents NXP asserted against BlackBerry are invalid.
12:21 EDTBABoeing now sees completing C-17 production in mid-2015
Boeing adjusted slightly the timing for ending C-17 Globemaster III production and closing its Long Beach, Calif., C-17 final assembly facility after a successful two-decade production run of the world's premier airlifter.Based on current market trends and the timing of expected orders, Boeing anticipates completing C-17 production in mid-2015, an adjustment of approximately three months from an initial estimate of late 2015. The company announced plans to end C-17 production in September 2013. Boeing expects inventory–related charges of approximately $50M, which will be recorded in Q1, as a result of this announcement.
08:34 EDTNOCNorthrop Grumman to build five additional MQ-8c fire scouts for U.S. Navy
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07:08 EDTCODESpansion price target raised to $23 from $18 at Barclays
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April 6, 2014
18:00 EDTBAU.S. says ending Boeing fighter jet line won't damage suppliers, Reuters says
The Defense Department decided that halting orders for Boeing's F/A-18 fighter jets and EA-18G electronic attack planes would not jeopardize suppliers for other big weapons programs, says Reuters. Reference Link
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