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Stock Market & Financial Investment News

News Breaks
May 5, 2014
10:34 EDTBEAV, GE, HON, UTX, CAnalysts weigh in after BE Aerospace begins exploring sale
Shares of BE Aerospace (BEAV) are climbing after the company announced that it was exploring strategic alternatives, including a possible sales of the company. Analysts at Jefferies and Deutsche Bank had very different outlooks on the company following the news. WHAT'S NEW: BE Aerospace yesterday said that it would explore strategic alternatives meant to increase shareholder value. The company stated that it could elect to sell itself, or spin-off or sell a number of its businesses. Other strategic transactions may also be pursued, added the company, which noted that it had hired Citigroup (C) as its financial advisor and Shearman & Sterling as its legal advisor in connection with this process. ANALYST REACTION: BE Aerospace could be sold for about $107 per share, wrote Jefferies analyst Howard Rubel in a note to investors earlier today. The company could appeal to a strategic partner because of recent innovations that have enabled it to increase its market share, according to Rubel. Moreover, BE Aerospace has strong relationships with its customers and is benefiting from the growing importance that airlines attach to the interior of their planes, added the analyst, who increased his price target on the shares to $107 from $85 and kept a Buy rating on the stock. Another firm, FBR Capital, said it views BE Aerospace as a "very attractive asset" since it is the market leader in both the commercial aerospace OEM supply-chain and aftermarket end-markets. The firm thinks both strategic buyers and private equity could be interested and said it can "easily see" a multi-bidder situation developing now that the company is exploring alternatives. FBR has an Outperform rating on the stock. Conversely, Deutsche Bank analyst Myles Walton wrote that an acquisition of BE Aerospace would be quite expensive and that potential acquirers may find it difficult to make such a purchase profitable. Additionally many companies that could potentially buy BE Aerospace - including GE (GE), Honeywell (HON), and United Technologies (UTX) - would not be interested in doing so, the analyst believes. Walton kept a Hold rating on BE Aerospace. PRICE ACTION: In early trading, BE Aerospace shares jumped 11.2% to $98.92.
News For BEAV;GE;HON;UTX;C From The Last 14 Days
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July 16, 2014
05:42 EDTUTXAsiana Airlines signs on to UTC Aerospace Systems C.A.R.E. program
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July 15, 2014
18:41 EDTUTXF-35 Farnborough debut cancelled due to engine fire, WSJ says
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14:48 EDTCCitigroup reports June credit loss 2.33% vs. 2.40% last month
Reports June delinquencies 1.43% vs. 1.46% last month.
11:47 EDTGEGeneral Electric July volatility increases into Q2 and outlook
General Electric July call option implied volatility is 31, August is at 17, September is at 15; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement into the expected release of Q2 results before the open on July 18.
11:01 EDTGEGE wins orders from Lee Air for High Density Avionics Interface
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10:47 EDTGEInterjet selects LEAP-1A to power A320neos in $2.9B order
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10:37 EDTCOptions with decreasing implied volatility
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09:46 EDTGEGE's FES selected by SpiceJet Airlines to support entire fleet
SpiceJet Airlines has selected GE’s (GE) Flight Efficiency Services to support its fleet of 52 Boeing (BA) 737 and Bombardier Q400 aircraft. GE will provide flight data analytics and fuel management to optimize the airline’s operational efficiency with the goal of substantially reducing fuel expenses for the airline. GE will provide consultation and evaluation services with the aim of reducing the airline’s fuel consumption and carbon emissions. GE is also designing and implementing custom solutions for SpiceJet and performing on-going efficiency measurements.
09:11 EDTUTXAzul selects Pratt & Whitney engines to power thirty Embraer E-Jets E2
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08:17 EDTUTXPhilippine Airlines to power ten aircrafts with Pratt & Whitney Engines
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07:57 EDTUTXSaudiGulf Airlines selected the IAE V2500 engines
SaudiGulf Airlines has selected the International Aero Engines, or IAE, V2500 engine to power four A320ceo aircraft and has also signed an eight-year V- Services maintenance service agreement with IAE. SaudiGulf is a new airline based in the Kingdom of Saudi Arabia with headquarters in Dammam and is planning to commence services in 2015. IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt & Whitney - a subsidiary of United Technologies- Pratt & Whitney Aero Engines International, Japanese Aero Engines Corporation and MTU Aero Engines.
07:43 EDTCCitigroup successfully executing plan, says RBC Capital
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07:37 EDTCAmerican Enterprise Institute holds a discussion
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07:34 EDTCCitigroup shares cheap on valuation, says UBS
UBS views Citigroup shares as cheap and does not expect them to trade below tangible book value indefinitely. The firm sees earnings stabilization, better than expected trading results, strong loan growth, and valuation as reasons to maintain its Buy rating and raise its price target on Citigroup shares to $61 from $60.
07:26 EDTUTXUBS to hold events at Farnborough Air Show
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06:56 EDTUTXU.S. officials remove grounding order for Lockheed F-35s, Reuters says
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06:50 EDTGEGE anticipates meeting $30B air show goal, Reuters says
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05:50 EDTUTXUTC Aerospace to provide wheels, brakes, MRO to Cathay Pacific Airways
UTC Aerospace Systems has been selected by Cathay Pacific Airways to supply the wheels and carbon brakes for its fleet of forty eight A350-900/A350-1000 aircraft on firm orders. The company will provide the equipment through its Landing Systems facility in Troy, Ohio. Cathay Pacific Airways will take delivery of their first A350-900 aircraft in 2016. UTC Aerospace Systems is a unit of United Technologies.
05:49 EDTUTXUnited Technologies to provide wheels, brakes to Jet Airways, Jet Lite
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05:39 EDTUTXUnited Technologies, Firth Rixson sign ten-year agreement valued over $1B
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