New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 13, 2014
10:05 EDTITW, GDOT, BPI, VFC, TNTEY, MAS, HUBG, DYN, UBNT, QGEN, KKR, HSH, DANOY, TWX, PBAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bridgepoint Education (BPI) upgraded to Hold from Sell at Deutsche Bank... Danone (DANOY) upgraded to Equal Weight from Underweight at Morgan Stanley... Dynegy (DYN) upgraded to Neutral from Underperform at Macquarie... Green Dot (GDOT) upgraded to Sector Perform from Underperform at Portales... Hillshire Brands (HSH) upgraded to Outperform from Market Perform at Wells Fargo... Hub Group (HUBG) upgraded to Buy from Hold at KeyBanc... Illinois Tool Works (ITW) upgraded to Neutral from Underweight at JPMorgan... KKR (KKR) upgraded to Overweight from Equal Weight at Evercore... Masco (MAS) upgraded to Buy from Hold at Jefferies... Pembina Pipeline (PBA) upgraded to Buy from Hold at Canaccord... QIAGEN (QGEN) upgraded to Neutral from Underweight at HSBC... TNT Express (TNTEY) upgraded to Overweight from Neutral at JPMorgan... Time Warner (TWX) upgraded at Bernstein... Ubiquiti Networks (UBNT) upgraded to Strong Buy from Outperform at Raymond James... VF Corp. (VFC) upgraded to Buy from Neutral at ISI Group.
News For BPI;DANOY;DYN;GDOT;HSH;HUBG;ITW;KKR;MAS;PBA;QGEN;TNTEY;TWX;UBNT;VFC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
April 8, 2015
14:50 EDTTWXGoogle plans ad-free YouTube subscription service, Bloomberg says
Google (GOOG) is planning to launch a YouTube subscription service as early as this year, reports Bloomberg, citing a person with knowledge of the matter and a YouTube letter sent to certain content creators on the site. The new paid version of the site will be free of ads and may include a type of offline access to YouTube. Bloomberg notes that the move will put the streaming site into closer competition with Netflix (NFLX), Time Warner's (TWX) HBO Now, and similar paid streaming services. Reference Link
09:05 EDTDYNDynegy reinstated with a Buy at Goldman
Subscribe for More Information
08:58 EDTKKRKKR to surrender part of Maxeda, seeks $217M writeoff, Bloomberg says
Subscribe for More Information
April 7, 2015
16:18 EDTTNTEYOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory, extending their gains from yesterday. The economic calendar was relatively quiet and the volume was light as investors moved to the sidelines ahead of the start of the first quarter earnings season, which kicks off tomorrow after the close with Alcoa's (AA) report. A late day slide saw the major averages give up their gains, leaving the Dow, Nasdaq and S&P 500 a bit below where they had started the day. ECONOMIC EVENTS: In the U.S., the JOLTs report showed job openings rose 168K to 5.13M in February, topping the consensus forecast for about 5M opening. Consumer credit climbed $15.5B in February, versus the expectation for consumers to have added $12.5B in new credit. In Europe, Markit's composite PMI for the eurozone came in at 54.0, which was down slightly from the flash reading of 54.1 but up from 53.3 in February and matched the prior peak seen in April of last year. Elsewhere globally, the central banks of Australia and India left their respective key interest rates unchanged, as expected. COMPANY NEWS: Shares of FedEx (FDX) advanced $4.49, or 2.69%, to $171.16 after the shipper announced a conditional deal to acquire TNT Express (TNTEY) for EUR 8.00 per share in a transaction valuing the Netherlands-based express delivery company at an implied equity value of about $4.8B. The company hopes it is more successful in its acquisition attempt than rival UPS (UPS), which had agreed a number of years ago to buy TNT for EUR 9.50 per share. UPS pulled out of its planned purchase after its proposed deal for TNT was blocked by regulators. MAJOR MOVERS: Among the notable gainers was Axalta Coating Systems (AXTA), which gained $2.78, or 9.81%, to $31.11 after an affiliate of Warren Buffett's Berkshire Hathaway (BRK.A) agreed to buy 20M of Axalta’s common shares for an aggregate purchase price of $560M, or $28.00 per share, from The Carlyle Group (CG). Also higher was Informatica (INFA), which advanced $1.96, or 4.28%, to $47.79 after agreeing to be acquired by the Permira funds and Canada Pension Plan Investment Board for approximately $5.3B, or $48.75 in cash per share. The official announcement follows recent stories from Reuters that the company was working on a deal with a private equity buyer. Among the noteworthy losers was Ocular Therapeutix (OCUL), which dropped $7.25, or 18.93%, to $31.05 after reporting that the company’s second of two Phase 3 clinical trials evaluating the safety and efficacy of its lead product candidate, OTX-DP, met only one of the study’s two primary efficacy endpoints. Also lower were shares of Woodward (WWD), which fell $3.06, or 5.95%, to $48.36 after Jefferies downgraded the stock to Hold from Buy and set a $52 price target on the shares, saying FY15 is another transition year for the company. INDEXES: The Dow slipped 5.43, or 0.03%, to 17,875.42, the Nasdaq lost 7.08, or 0.14%, to 4,910.23, and the S&P 500 declined 4.29, or 0.21%, to 2,076.33.
12:50 EDTTWXHBO NOW available to Apple and Optimum Online customers
Subscribe for More Information
10:05 EDTUBNTOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:13 EDTTNTEYFedEx says does not see competing offer for TNT Express
Subscribe for More Information
09:05 EDTTNTEYFedEx says thinks TNT Express a 'wonderful fit everywhere'
Subscribe for More Information
08:56 EDTTNTEYFedEx says expects to have 'wonderful' FY16
Subscribe for More Information
08:49 EDTTNTEYFedEx says sees TNT Express 'very accretive' to earnings after FY17
Subscribe for More Information
08:40 EDTTNTEYTNT Express to hold a conference call
Subscribe for More Information
08:29 EDTTNTEYFedEx to hold a conference call
Conference call to discuss agreement on an all-cash public offer for TNT Express shares will be held on April 7 at 8:30 am. Webcast Link
07:39 EDTUBNTUbiquiti Networks downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Ubiquiti Networks to Underperform from Buy. The firm cut shares two notches and lowered its price target to $33 from $40 on a weakening WISP market, product issues, increasing competition in Service Provider products, and FX headwinds.
07:18 EDTTNTEYFedEx acquisition of TNT Express a good strategic fit, says UBS
UBS said FedEx's (FDX) proposed acquisition of TNT Express (TNTEY) is a good strategic fit, as it increases FedEx's presence in Europe, adds scale where there are complementary services, and provides for operations synergy potential. UBS reiterated its Buy rating and $195 price target on FedEx shares.
06:25 EDTTNTEYTNT Express expects EU to approve FedEx deal, Reuters reports
Subscribe for More Information
06:14 EDTUBNTUbiquiti Networks downgraded to Underperform from Buy at BofA/Merrill
05:16 EDTTNTEYFedEx to acquire TNT Express for EUR 8.00 per share
Subscribe for More Information
April 6, 2015
08:22 EDTQGENBofA/Merrill life sciences analysts hold an analyst/industry conference call
Subscribe for More Information
April 5, 2015
18:34 EDTTWXComcast's 'Furious 7' leads at weekend box office with $143.6M
Subscribe for More Information
14:13 EDTHUBGHub Group names Vava Dimond Chief Information Officer
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use