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Stock Market & Financial Investment News

News Breaks
March 3, 2014
04:55 EDTBASFY, BASFY, BASFY, BASFY, BASFY, TSO, TSO, TSO, TSO, TSO, DOW, DOW, DOW, DOW, DOW, FSLR, FSLR, FSLR, FSLR, FSLR, D, D, D, D, D, AEP, AEP, AEP, AEP, AEP, CS, CS, CS, CS, CS, E, E, E, E, E, XOM, XOM, XOM, XOM, XOM, JPM, JPM, JPM, JPM, JPM, WM, WM, WM, WM, WM, CMI, CMI, CMI, CMI, CMI, MS, MS, MS, MS, MS, BLK, BLK, BLK, BLK, BLK, SU, SU, SU, SU, SU, BHI, BHI, BHI, BHI, BHI, SLB, SLB, SLB, SLB, SLB, BP, BP, BP, BP, BPIHS to hold a conference
CERAWeek 2014 is being held in Houston, Texas on March 3-7.
News For BASFY;SLB;BHI;SU;BLK;MS;CMI;WM;JPM;XOM;E;CS;AEP;D;FSLR;DOW;TSO;BP From The Last 14 Days
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August 20, 2015
06:10 EDTMSWeather Channel said to hire banks to explore sale, Bloomberg reports
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06:10 EDTXOM, BPAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:07 EDTCS, MSSamsung Bioepis picks Citi, Goldman as lead managers for IPO, Reuters says
Samsung Bioepis has selected Citigroup (C) and Goldman Sachs (GS) as the lead managers for its planned listening on Nasdaq next year, a source tells Reuters. Morgan Stanley (MS) and Credit Suisse (CS) will also take part in the listing for Samsung's (SSNLF) biosimilar drug development arm, the source says. Reference Link
August 19, 2015
16:00 EDTXOMOptions Update; August 19, 2015
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14:42 EDTMS, JPMBanks cooperate on data company to lower costs, WSJ says
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13:11 EDTFSLRCanadian Solar plummets after Q3 guidance, YieldCo comments
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07:33 EDTSLBCameron and Schlumberger's Subsea to supply pump system for Stones development
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06:13 EDTBLKSnapdeal secures $500M in investment round led by Alibaba, Softbank
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August 18, 2015
16:58 EDTJPMJPMorgan in talks to settle investment bias charges for $150M, WSJ says
JPMorgan is in advanced discussions with the SEC to settle allegations that it inappropriately guided clients to its own investment products, reports the Wall Street Journal, citing people familiar with the matter. Reference Link
11:03 EDTFSLRSunEdison raises capital while Trina Solar tops expectations
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10:00 EDTAEPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with an Underperform at Wolfe Research... Abiomed (ABMD) initiated with a Buy at CRT Capital... Aeropostale (ARO) initiated with a Peer Perform at Wolfe Research... American Eagle (AEO) initiated with an Outperform, Top Pick at Wolfe Research... American Electric (AEP) initiated with a Buy at Mizuho... Benefitfocus (BNFT) initiated with an Overweight at First Analysis... Blue Buffalo Pet Products (BUFF) initiated with an Equal Weight at Morgan Stanley... Capitala Finance (CPTA) initiated with an Equal Weight at Stephens... Chico's (CHS) initiated with a Peer Perform at Wolfe Research... Children's Place (PLCE) initiated with an Outperform at Wolfe Research... Chimerix (CMRX) initiated with an Outperform at FBR Capital... Ciena (CIEN) initiated with a Market Perform at Northland... Crane (CR) initiated with an Outperform at William Blair... Entergy (ETR) initiated with a Neutral at Mizuho... Express (EXPR) initiated with an Outperform, Top Pick at Wolfe Research... Finisar (FNSR) initiated with a Market Perform at Northland... Francesca's (FRAN) initiated with a Peer Perform at Wolfe Research... Gap (GPS) initiated with an Underperform at Wolfe Research... Infinera (INFN) initiated with an Outperform at Northland... International Game (IGT) initiated with a Buy at Union Gaming... Juno Therapeutics (JUNO) initiated with an Outperform at FBR Capital... L Brands (LB) initiated with a Peer Perform at Wolfe Research... Luca Technologies (LUCA) initiated with an Outperform at Northland... Lumentum (LITE) initiated with an Outperform at Northland... M/A-COM (MTSI) reinstated with a Buy at Jefferies... MRV Communications (MRVC) initiated with an Outperform at Northland... Michael Kors (KORS) initiated with a Peer Perform at Wolfe Research... NN, Inc. (NNBR) initiated with a Buy at Stifel... NeoPhotonics (NPTN) initiated with an Outperform at Northland... Oclaro (OCLR) initiated with an Outperform at Northland... Scientific Games (SGMS) initiated with a Buy at Sterne Agee CRT... SolarCity (SCTY) initiated with a Neutral at UBS... Summit Materials (SUM) initiated with a Neutral at Citi... Tech Data (TECD) initiated with an Underperform at BofA/Merrill... Urban Outfitters (URBN) initiated with a Peer Perform at Wolfe Research... Zumiez (ZUMZ) initiated with an Underperform at Wolfe Research... lululemon (LULU) initiated with a Peer Perform at Wolfe Research.
06:26 EDTAEPAmerican Electric initiated with a Buy at Mizuho
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August 17, 2015
12:45 EDTCSLondon City Airport chooses Credit Suisse to advise possible sale, Reuters says
London City Airport's owners have selected Credit Suisse to advise them on a potential sale that could value the company at as much as $3.1B, Reuters reports, citing two sources close to the deal. Reference Link
10:03 EDTBPEmerson signs 10-year agreement with BP for enhanced oil and gas execution
BP (BP) and Emerson (EMR) have signed a global agreement for Emerson Process Management, a global business of Emerson, to provide automation technologies and aftercare services for BP's upstream oil and gas operations. The new 10-year agreement extends the existing arrangement between the companies, allowing Emerson to provide an expanded scope of technologies and expertise that help ensure safe and competitive projects and support BP's Field of the Future program for enhanced operating efficiency and oil recovery. The new agreement expands the companies' existing relationship on upstream projects. Under the scope of the new agreement, Emerson will continue to supply automation system technologies, including distributed control systems and safety instrumented systems, but will now also provide valves and measurement instruments as well as technologies for supervisory control and data acquisition, asset management, and machinery health monitoring.
08:36 EDTDDominion Midstream to acquire interests in Iroquois Gas Transmission
Dominion Midstream (DM) announced that it has entered into agreements with affiliates of National Grid and New Jersey Resources Corporation to acquire their ownership interests in Iroquois Gas Transmission System, in exchange for the issuance of approximately 8.6M common units in Dominion Midstream having an agreed-upon value of approximately $286.5M. As part of the agreements, National Grid and New Jersey Resources would contribute their combined 25.93% ownership interests in Iroquois to Dominion Midstream in exchange for newly issued Dominion Midstream common units. Dominion Midstream has no plans to acquire the ownership interest in Iroquois currently held by Dominion Gas Holdings, LLC, a wholly owned subsidiary of Dominion Resources (D). Under these agreements, approximately 6.8M units (representing approximately $225.4M at the agreed-upon unit price) would be issued to National Grid, and approximately 1.8 million units would be issued to New Jersey Resources. National Grid and New Jersey Resources have agreed to certain transfer restrictions applicable to such units including, with certain exceptions, a general one-year lockup period, and would be granted certain registration rights and piggyback registration rights with respect to future Dominion Midstream equity offerings. No public market issuance of units is planned in connection with these transactions. The partnership expects that cash flows associated with Dominion Midstream's existing preferred equity interest in Cove Point, ownership of Dominion Carolina Gas Transmission (acquired in April 2015), and the Iroquois interests acquired from National Grid and New Jersey Resources will be sufficient to support annual cash distribution growth at Dominion Midstream at the targeted rate of 22 percent through 2016. The purchase price equates to a 9.8x multiple of estimated 2015 EBITDA. The closing of both transactions is subject to clearance under the Hart-Scott-Rodino Act.
08:11 EDTXOMExxon Mobil volatility flat as oil trades near six-year low
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08:04 EDTSLBAccenture to acquire Schlumberger Business Consulting
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06:45 EDTBPBP investors not sold on takeover talks, FT reports
Few BP investors have enough faith to buy into takeover talk given the company's own aggressive cost-cutting campaign might have eliminated the synergy upside to a potential purchaser, the Financial Times reports. Reference Link
06:12 EDTJPMJPMorgan reports July net credit losses 2.31% vs. 2.34% last month
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05:55 EDTJPMJPMorgan upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Christopher Mutascio upgraded JPMorgan to Outperform with a $77 price target, suggesting total return potential of 16%. Mutascio views the stock's valuation as attractive and highlights the "high dividend yield in a low-interest-rate environment."
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