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Stock Market & Financial Investment News

News Breaks
December 3, 2012
16:20 EDTBGCGeneral Cable sees Alcan Cable will contribute about $650M-$700M in revenues
The company estimates that the overall Alcan Cable business will contribute approximately $650M-$700M in annual revenues at current aluminum prices, and over a cycle, the operating margin profile is expected to be consistent with the company's existing businesses as manufacturing, logistics, and purchasing synergies are realized. The company expects Alcan Cable North America to contribute meaningfully in Q4 while Alcan Cable China's contribution is expected to be de minimis to Q4 results as step-up purchase accounting adjustments offset the base earnings in the business in China.
News For BGC From The Last 14 Days
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March 18, 2015
10:00 EDTBGCOn The Fly: Analyst Downgrade Summary
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07:04 EDTBGCGeneral Cable downgraded at BB&T
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06:55 EDTBGCGeneral Cable downgraded to Hold from Buy at BB&T
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March 17, 2015
15:33 EDTBGCGeneral Cable March calls active after report of rival considering takeover bid
General Cable March 14 and 15 calls are active on total call volume of 8K contracts (1K puts) after Bloomberg said Prysmian is considering an acquisition. March call option implied volatility is at 124, April is at 95, May is at 69; compared to its 26-week average of 48 according to Track Data. Active volume suggests traders taking positions for upside price movement.
15:23 EDTBGCGeneral Cable jumps after report of rival weighing takeover bid
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15:18 EDTBGCPrysmian spokesman says no ongoing talks with General Cable, Reuters reports
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14:51 EDTBGCGeneral Cable jumps 11%, halted for volatility after report of takeover interest
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14:50 EDTBGCGeneral Cable acquisition being weighed by Prysmian, Bloomberg says

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