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Stock Market & Financial Investment News

News Breaks
May 5, 2014
10:34 EDTC, GE, UTX, BEAV, HONAnalysts 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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May 19, 2015
18:01 EDTGEAflac names Matthew Owenby as Chief Human Resources Officer
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15:42 EDTCBanks' settlement over forex rigging to be announced tomorrow, CNBC says
Several banks are said to plan to plead guilty and pay "billions" in fines in a settlement over their roles in foreign exchange manipulation that is expected to be announced Wednesday, according to CNBC's Kate Kelly. Prior media reports have listed Barclays (BCS), Royal Bank of Scotland (RBS), UBS (UBS), JPMorgan (JPM) and Citigroup (C) as having been in talks with U.K. and U.S. authorities for their roles in foreign currency rigging.
08:04 EDTGEGE announces launch of Digital Wind Farm
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07:18 EDTUTXElectric Products Group to hold a conference
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06:01 EDTGEStocks with implied volatility below IV index mean; MSFT GE
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May 18, 2015
16:14 EDTGEColfax announces acquisition of Roots blowers & compressors
Colfax Corporation (CFX) announced that it has entered into a binding agreement to acquire the Roots blowers and compressors business unit , also known as Industrial Air & Gas Technologies, from GE (GE) Oil & Gas for a cash consideration of $185M. Roots is a leading supplier of blower and compressor technologies which service a broad range of end markets, including water treatment, chemical production, and power generation. This acquisition will build on Howden's global strength in compressors and blowers and will add important application expertise and product solutions to the portfolio. In 2014, Roots had approximate revenues of $155 million and EBITDA of $22M. In making the announcement, Steve Simms, President and Chief Executive Officer of Colfax, stated, "I am delighted to welcome the Roots team to Colfax. We are excited by the opportunities created by combining the Roots capabilities and application expertise with Howden's global footprint and continuous improvement culture. Like Howden, the Roots business has spent more than 150 years developing market leading products and solutions, and we look forward to continuing to innovate and grow." Mr. Simms continued, "Strengthening our businesses through bolt-on acquisitions is a core part of our strategy, and we continue to see a robust pipeline of opportunities."Closing of the acquisition is expected early in the third quarter following the fulfillment of certain conditions.
10:00 EDTHONHoneywell provides 2018 core organic growth targets
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09:57 EDTHONHoneywell repeats FY15 EPS view $6.00-$6.15, consensus $6.09
Repeats FY15 revenue view $39B-$39.6B, consensus $39.39B. Sees FY15 segment margin up 170-200bps, sees FY15 free cash flow $4.2B-$4.3B. Sees 2H core organic sales acceleration. Says "confident" in 2015 outlook. Says busineses well positioned to grow.
09:55 EDTHONHoneywell sees Q2 EPS $1.56-$1.51, consensus $1.49
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09:49 EDTHONEquity options with increasing volume
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09:46 EDTCMPLX enters common unit sales agreement for up to $500M
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09:36 EDTC, GEActive equity options trading on open
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08:07 EDTGESplunk appoints Snehal Antani as Chief Technology Officer
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08:01 EDTCList of potential buyers of Citi Egyptian retail unit narrows, Reuters reports
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07:19 EDTHONElectric Products Group to hold a conference
EPG 2015 is being held in Longboat Key, Florida on May 18-20 with webcasted company presentations to begin on May 18 at 7:30 am; not all company presentations may be webcasted. Webcast Link
07:12 EDTCBarclays expected to face over GBP250M in fines for rigging, Telegraph says
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06:58 EDTHONHoneywell says M&A pipeline includes over 100 potential targets, Bloomberg says
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06:56 EDTGEGE, Emerson said to be mulling bids for Aveva, Sunday Times reports
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06:15 EDTCCiti divests 16% stake in Grupo Aeromexico, Reuters reports
Citigroup (C) has sold its 16% stake in Grupo Aeromexico, the Mexican airline says, Reuters reports. According to the airline, Barclays Capital (BCS) acquired about 8% of shares through a financial operation with Delta (DAL). Reference Link
06:05 EDTGEStocks with implied volatility below IV index mean; MSFT GE
Stocks with implied volatility below IV index mean; Microsoft (MSFT) 17, General Electric (GE) 15 according to iVolatility.
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