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Stock Market & Financial Investment News

News Breaks
December 5, 2012
18:36 EDTBHP, WLTBHP Billiton considering bid for Walter Energy, Daily Mail reports
There is speculation that BHP Billiton (BHP) is considering a $55 per share offer for Walter Energy (WLT), according to The Daily Mail, which said it could be the "swan song" of CEO Marius Kloppers, which BHP Billiton is said to be planning a successor for. Reference Link
News For BHP;WLT From The Last 14 Days
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October 31, 2014
10:00 EDTWLTOn The Fly: Analyst Downgrade Summary
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08:10 EDTWLTWalter Energy downgraded to Underweight, restructuring necessary, says BB&T
As previously reported, BB&T downgraded Walter Energy to Underweight from Hold. The firm believes Walter will run out of cash in the next 12 months and that the best alternative is to restructure with some cash on the balance sheet and come out a stronger company. BB&T said the met coal price needs to be approximately $170/mt before Walter can break vs. the current $109.50/mt spot price and a restructuring is the only right choice.
06:39 EDTWLTWalter Energy downgraded to Underweight from Hold at BB&T
October 30, 2014
09:14 EDTWLTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Visa (V), up 4%... MasterCard (MA), up 2.5%... Alcatel-Lucent (ALU), up 12.5%... TASER (TASR), up 4%... JDSU (JDSU), up 3.8%... Radian Group (RDN), up 9%... DreamWorks Animation (DWA), up 1.7%... Take-Two (TTWO), up 7.7%. ALSO HIGHER: Grand Canyon (LOPE), up 10.5%, upgraded at Piper Jaffray after the company formed a committee to explore conversion to a nonprofit entity... Walter Energy (WLT), up 6.8% after lowering FY14 capital expenditures view, reporting lower than expected losses... Novavax (NVAX), up 7% after getting fast track designation for H7N9 VLP. DOWN AFTER EARNINGS: Glu Mobile (GLUU), down 16.6%... Alliance Fiber Optic (AFOP), down 18.4%... Pacira (PCRX), down 6.4%. ALSO LOWER: Sturm, Ruger (RGR), down 10% following Q3 results, cutting Q3 dividend. Peer gunmaker Smith & Wesson (SWHC) also down 3.7% after Ruger's report... Western Gas Partners (WES), down 4.4% after its 7.5M common units spot secondary priced at $70.85... ACCO Brands (ACCO), down 1.1%, downgraded at KeyBanc following the company's Q3 results... Fiat Chrysler (FCAU), down 1.1% after reported to be recalling over 300K Ram trucks due to fire concern... Inogen (INGN), down 2.3% after 2.1M share secondary offering of common stock priced at $21.50.
08:25 EDTWLTWalter Energy reports end Q3 liquidity $623.9M
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07:42 EDTWLTWalter Energy sees FY14 met coal production 9.5 MMTs, lowers capex view
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07:40 EDTWLTWalter Energy reports Q3 met coal sales volumes 2.3 MMTs
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07:39 EDTWLTWalter Energy reports Q3 adjusted EPS ($1.58), consensus ($1.63)
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October 28, 2014
10:45 EDTWLTCONSOL rises after acknowledging long-term thermal coal MLP opportunity
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October 27, 2014
07:28 EDTBHPBHP Billiton says could sell Fayetteville shale gas assets
BHP CEO Andrew Mackenzie said in a statement, "As we look to improve the balance of liquids and gas across our Petroleum portfolio we have initiated the marketing our Fayetteville acreage. However, we will only divest the field if it maximizes value for shareholders."
October 21, 2014
17:58 EDTBHPBHP Billiton Q1 iron-ore output up 17% YoY to 57.09 tons
17:56 EDTBHPBHP Billiton Q1 copper output down 3% YoY to 389,400 tons
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10:00 EDTBHPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AbbVie (ABBV) downgraded to Neutral from Buy at Guggenheim... BHP Billiton (BHP) downgraded to Hold from Buy at Jefferies... Bank of Marin (BMRC) downgraded to Market Perform from Outperform at Keefe Bruyette... Cobalt (CIE) downgraded to Speculative Buy from Buy at Global Hunter... Consolidated Edison (ED) downgraded to Underweight at Morgan Stanley... Deutsche Post (DPSGY) downgraded to Hold from Buy at Deutsche Bank... HCP (HCP) downgraded to Hold from Buy at Jefferies... IBM (IBM) downgraded to Hold from Buy at Evercore... Inland Real Estate (IRC) downgraded to Underperform from Neutral at BofA/Merrill... PerkinElmer (PKI) downgraded to Neutral from Buy at Janney Capital... Philips (PHG) downgraded to Neutral at UBS... QEP Midstream Partners (QEPM) downgraded to Market Perform at Wells Fargo... Rent-A-Center (RCII) downgraded to Market Perform from Outperform at Raymond James... Rhino Resources (RNO) downgraded to Underperform from Market Perform at Raymond James... Universal Forest (UFPI) downgraded to Neutral from Buy at Sterne Agee.
05:31 EDTBHPBHP Billiton downgraded to Hold from Buy at Jefferies
Jefferies downgraded BHP Billiton to Hold saying it sees limited near-term upside after cutting its commodities price estimates.

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