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Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:23 EDTSALT, NM, FRO, CPLP, SBLK, NNA, GLOB, DRYS, BALT, SB, NMM, GASS, DLNGDeutsche Bank to hold a summit
2014 Shipping Summit is being held in New York on March 19.
News For BALT;CPLP;DLNG;DRYS;FRO;GASS;GLOB;NM;NMM;NNA;SALT;SB;SBLK From The Last 14 Days
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December 22, 2014
16:10 EDTSBLKStar Bulk Carriers announces sale of M/V Star Kim
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December 19, 2014
08:26 EDTSALTScorpio Bulkers agrees to sell Kamsarmax newbuilding for $30.7M
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December 18, 2014
16:08 EDTNNANavios Acquisition announces employment for two MR2 tankers
Navios Maritime Acquisition announced that the Nave Pyxis and the Nave Sextans have been chartered out to a high quality counterparty for three years at a rate of $16,294 net per day. The vessels are expected to generate approximately $7.0M of annual EBITDA assuming operating expense approximating current operating costs and 360 revenue days per year.
December 17, 2014
16:07 EDTDLNGDynagas LNG transfers listing of common stock to NYSE
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09:09 EDTSBLKStar Bulk Carriers enters long term partnership with major mining company
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08:57 EDTSALTScorpio Bulkers to modify and sell shipbuilding contracts for six vessels
Scorpio Bulkers (SALT) has reached agreements with shipyards in South Korea and Romania to modify six newbuilding contracts for Capesize bulk carriers into newbuilding contracts for LR2 product tankers, reached an agreement to sell four of these LR2 newbuilding contracts to Scorpio Tankers, a related party, and granted options to Scorpio Tankers to purchase the two remaining LR2 newbuilding contracts. The sale price for each of the four LR2 newbuilding contracts is $51.0M. The two option contracts, which expire on May 31, 2015, may be exercised by Scorpio Tankers for a fixed purchase price of $52.5M for each contract. The company expects to record an aggregate loss on disposal of approximately $41M on the four modified newbuilding contracts. The company also expects to record an aggregate loss of approximately $14M on the potential disposal of the two option modified newbuilding contracts. A sale of all six modified newbuilding contracts will result in an estimated reduction of future cash obligations of approximately $120M.
07:20 EDTNM, NNACapital Link to hold a forum
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December 16, 2014
10:36 EDTFROFrontline announces debt-for equity exchange
Earlier today, Frontline announced that it has entered into a private agreement to exchange $22,500,000 of the outstanding principal amount of the Company's 4.5% Convertible Bond Issue 2010/2015 for an aggregate of 3,984,375 shares at an exchange price of $3.12 per share, and a cash payment of $9,562,500 plus accrued interest. In addition, under the exchange agreement, Frontline has agreed to issue, on December 23, up to an additional 760,377 shares to the holders of the Bonds based on an agreed formula if the 5-day volume-weighted average price, VWAP, of the Company's shares, for the period ending December 22, 2014, is lower than the exchange price, subject to a minimum VWAP price of $2.62 per share. Shares of Frontline are lower by almost 18% to $2.36 in morning trading.
07:45 EDTSALTScorpio Bulkers should underperform peers until funding de-risked, says UBS
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December 15, 2014
10:10 EDTFROHigh option volume stocks:
High option volume stocks: RVBD AGCO FRO CRUS UBNT LH PAY PETM OREX KOS
December 11, 2014
10:13 EDTDLNGOn The Fly: Analyst Initiation Summary
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06:39 EDTDLNGDynagas LNG initiated with a Hold at Canaccord
Target $17.
December 10, 2014
10:00 EDTDLNGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3D Systems (DDD) initiated with an Underperform at Longbow... AutoZone (AZO) initiated with a Buy at Nomura... C.H. Robinson (CHRW) initiated with a Neutral at Nomura... CSX (CSX) initiated with a Buy at Nomura... CVS Health (CVS) initiated with a Neutral at Citigroup... Canadian National (CNI) initiated with a Neutral at Nomura... Carrizo Oil & Gas (CRZO) initiated with a Buy at Canaccord... CenterPoint Energy (CNP) initiated with a Neutral at Nomura... Con-way (CNW) initiated with a Neutral at Nomura... Cornerstone OnDemand (CSOD) initiated with a Buy at BofA/Merrill... Depomed (DEPO) initiated with an Outperform at RBC Capital... Dollar General (DG) initiated with a Buy at Citigroup... Dollar Tree (DLTR) initiated with a Neutral at Citigroup... Dynagas LNG (DLNG) initiated with a Buy at ABN Amro... EMC (EMC) initiated with a Neutral at JPMorgan... Energy Focus (EFOI) initiated with a Buy at Roth Capital... Expeditors (EXPD) initiated with a Neutral at Nomura... GasLog (GLOG) initiated with a Buy at ABN Amro... Genesee & Wyoming (GWR) initiated with a Neutral at Nomura... Golar LNG (GLNG) initiated with a Sell at ABN Amro... HII Technologies (HIIT) initiated with a Buy at Roth Capital... Hudbay Minerals (HBM) initiated with an Overweight at Barclays... J.B. Hunt (JBHT) initiated with a Buy at Nomura... Kansas City Southern (KSU) initiated with a Buy at Nomura... Kroger (KR) initiated with a Buy at Citigroup... Lear (LEA) initiated with a Buy at Northcoast... Lundin Mining (LUNMF) initiated with an Overweight at Barclays... NetApp (NTAP) initiated with a Neutral at JPMorgan... Norfolk Southern (NSC) initiated with a Neutral at Nomura... PROS (PRO) initiated with an Outperform at Pacific Crest... Qlik Technologies (QLIK)initiated with a Buy at BofA/Merrill... Rentokil (RTOKY) initiated with a Neutral at UBS... Revolution Lighting (RVLT) initiated with a Buy at Roth Capital... ServiceNow (NOW) initiated with a Buy at BofA/Merrill... Stratasys (SSYS) initiated with a Neutral at Longbow... Suburban Propane (SPH) initiated with a Hold at Stifel... Tableau (DATA) initiated with a Buy at BofA/Merrill... Teekay LNG (TGP) initiated with a Buy at ABN Amro... Tessera (TSRA) initiated with a Buy at Sidoti... Union Pacific (UNP) initiated with a Buy at Nomura... Viper Energy (VNOM) initiated with a Buy at Stifel... Visteon (VC) initiated with a Buy at Northcoast... Walgreen (WAG) initiated with a Buy at Citigroup... Werner (WERN) initiated with a Neutral at Nomura.
08:24 EDTDLNGDynagas LNG initiated with a Buy at ABN Amro
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December 9, 2014
12:30 EDTNMMWells Fargo to hold a symposium
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10:04 EDTSALTScorpio Bulkers downgraded to Neutral from Buy at Sterne Agee
10:04 EDTSBLKStar Bulk Carriers downgraded to Neutral from Buy at Sterne Agee
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December 8, 2014
10:00 EDTSBLKOn The Fly: Analyst Initiation Summary
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06:35 EDTSBLKStar Bulk Carriers initiated with a Hold at Deutsche Bank
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