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Stock Market & Financial Investment News

News Breaks
December 7, 2012
06:09 EDTBIG, AXAHY, HPQ, AAMRQ, LCCOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: U.S. officials launched a criminal investigation of a $10M sale of stock by Big Lots (BIG) CEO Steven Fishman before the company announced news that sank its stock, sources say, the Wall Street Journal reports...Investors have been buying bonds issued by top-rated companies at a record rate this year, but some of the biggest fund managers warn that dangers are lurking in what were once seen as the safest investments. These managers point to unusual wrinkles suggesting that now could be one of the most dangerous times in decades to lend to investment-grade companies, the Wall Street Journal reports...REUTERS: Germany's Bundesbank cut its 2013 growth outlook today to 0.4% from 1.6% in June, and now expects the country's economy to barely grow next year, while it pointed to risks of a recession as the euro zone debt crisis takes its toll, Reuters reports...AXA (AXAHY) is considering investing in Sareb, Spain's so-called 'bad bank', CEO Henri de Castries said, a show of private sector support for the entity, Reuters reports...BLOOMBERG: Hewlett-Packard’s (HPQ) value has fallen to less than the $31B it spent during a five-year takeover binge, the strongest evidence yet that investors would be better served by disassembling the company, Bloomberg reports...The lawyer for AMR Corp.’s (AAMRQ) unsecured creditors committee warned American Airlines pilots of the risks of rejecting a tentative contract that would allow the carrier’s post-bankruptcy plan to be weighed against a merger with US AIrways Group (LCC), sources say, Bloomberg reports.
News For BIG;AXAHY;HPQ;AAMRQ;LCC From The Last 14 Days
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October 6, 2014
08:20 EDTHPQHP says additional 5,000 job cuts 'not linked to separation agreement'
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08:14 EDTHPQHP says Q4 tracking in line with previously provided non-GAAP outlook
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07:33 EDTHPQHP to host conference call
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07:09 EDTHPQBusiness rationale for HP split not very clear, says Bernstein
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07:02 EDTHPQHP up 7.8% after announcing separation transaction
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06:58 EDTHPQHP now sees FY15 revenue growth approx. flat y/y in constant currency
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06:53 EDTHPQHP split is smart move, says Cantor
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06:47 EDTHPQHP sees FY15 free cash flow $6.5B-$7B
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06:46 EDTHPQHP reports 36K employees left as of Q3 as part of restructuring program
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06:42 EDTHPQHP's former Chairman Ralph Whitwork comments on separation
Ralph Whitworth, founder of Relational Investors and former Chairman of HP’s board issued the following statement: “HP's board and management have made a brilliant value-enhancing move at the perfect time in the turnaround. Today's announcement sets out bold, logical and highly compelling steps that will align the company's assets within more strategically and operationally focused corporate structures. Shareholders will now be able to invest in the respective asset groups without the fear of cross-subsidies and inefficiencies that invariably plague large business conglomerates. At the same time, management can better design strategic plans, incentives and market initiatives to suit the varying growth rates, capital intensity, and market objectives of these more focused and nimble companies. The new companies will be better positioned to address today's light-speed market dynamics and customer needs, and with distinct and compelling financial profiles and strong leadership teams, accelerate growth and shareholder value creation.”
06:39 EDTHPQHP intends separation to be tax-free to holders
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06:38 EDTHPQSpun off HP companies could be takeover targets, Re/code says
After HP (HPQ) splits into two publicly traded companies, both of those companies could become takeover targets, according to Re/code. The PC and printing unit could interest Dell or Lenovo (LNVGY), while Hewlett-Packard Enterprises could merge with EMC (EMC) and/or become a target for Dell and Cisco (CSCO), the website stated. Reference Link
06:35 EDTHPQHP sees FY15 EPS $3.83-$4.03, consensus $3.95
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06:34 EDTHPQHP backs FY14 EPS view of $3.70-$3.74, consensus $3.73
06:33 EDTHPQHP confirms separation into two companies
HP announced plans to separate into two new publicly traded Fortune 50 companies: one comprising HP's market-leading enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP's market-leading personal systems and printing businesses, which will do business as HP Inc. and retain the current logo. Immediately following the transaction, which is expected to be completed by the end of fiscal 2015, HP shareholders will own shares of both Hewlett-Packard Enterprise and HP Inc. The transaction is intended to be tax-free to HP's shareholders for federal income tax purposes. Hewlett-Packard Enterprise will build upon HP's leading position in servers, storage, networking, converged systems, services and software as well as its OpenStack Helion cloud platform. Meg Whitman to be president and CEO of Hewlett-Packard Enterprise; Pat Russo to be chairman of the Hewlett-Packard Enterprise board. Dion Weisler to be president and CEO of HP Inc.; Meg Whitman to be chairman of the HP Inc. board.
06:31 EDTHPQHP confirms separation into two companies
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06:26 EDTHPQHP October volatility elevated, plans to separate into two companies, reports
HP October option implied volatility is at 35, November is at 27, December is at 28; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into reports of plans to separate into two companies.
06:19 EDTHPQHP facing competition from Lenovo in PCs, servers, WSJ reports
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06:12 EDTHPQHP breakup could drive 40%-90% upside, says Citigroup
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05:29 EDTHPQHP split to be viewed positively by shareholders, says Deutsche Bank
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