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Stock Market & Financial Investment News

News Breaks
August 13, 2013
18:55 EDTMM, RSH, MXC, NTI, XONE, EOG, MYGN, SEAS, GT, PXD, BRCD, PMTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Brocade (BRCD), up 15.9%... Myriad Genetics (MYGN), up 1.9%. ALSO HIGHER: Mexco Energy (MXC), up 26% after announcing agreements with Pioneer Natural Resources (PXD) and EOG Resources (EOG)... RadioShack (RSH), up 3.2% after Reuters reported the company is looking to refinance its debt with new, lower-cost loans... Goodyear Tire (GT), up 1.7% after Appaloosa filed an increased stake in the company. DOWN AFTER EARNINGS: ExOne (XONE), down 13%... Millennial Media (MM), down 11.6%... SeaWorld (SEAS), down 11%. ALSO LOWER: Northern Tier (NTI), down 4.5% after announcing an offering of 11.5M common units for a unitholder... PennyMac (PMT), down 3.5% after filing to sell 11.3M shares of common stock.
News For BRCD;MYGN;MXC;PXD;EOG;RSH;GT;XONE;MM;SEAS;NTI;PMT From The Last 14 Days
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July 7, 2015
05:25 EDTEOGEOG Resources upgraded to Hold from Underperform at Jefferies
Jefferies upgraded EOG Resources to Hold citing valuation and growth expectations. The firm keeps an $80 price target for shares.
July 6, 2015
16:03 EDTPXDMatador appoints Robert Macalik as VP, Chief Accounting Officer
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09:07 EDTXONEExOne management to meet with Oppenheimer
Meetings to be held in Milwaukee/St. Louis on July 7 hosted by Oppenheimer.
July 1, 2015
18:20 EDTEOG, PXDShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
18:19 EDTEOGZaZa Energy reports mid-year reserves update
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June 29, 2015
10:09 EDTPMTOn The Fly: Analyst Initiation Summary
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08:21 EDTEOGEOG Resources outperformance likely to resume, says BMO Capital
After meeting with EOG, BMO Capital says that it has become more upbeat on the stock's outlook. The firm says that the company's production is expected to bottom in Q2, and it expects the stock to resume outperforming,.
08:09 EDTPMTPennyMac Mortgage initiated with a Neutral at Nomura
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June 25, 2015
09:08 EDTGTGoodyear Tire to close Wolverhampton, U.K., facility, cut 360-390 positions
The Goodyear Tire & Rubber Company said in a regulatory filing that on June 23, it approved rationalization plans in its Europe, Middle East and Africa strategic business unit in order to strengthen the company’s global competiveness. The rationalization plans include closing the Wolverhampton, United Kingdom mixing and retreading facility and transferring its production to existing manufacturing facilities across EMEA. The plans also include the transfer of consumer tire production from the manufacturing facility in Wittlich, Germany to existing manufacturing facilities in EMEA. These plans, which will result in a net reduction of approximately 360 to 390 associate positions, remain subject to consultation with relevant employee representative bodies.The company expects to be substantially complete with these rationalization plans by the end of 2016 and estimates total charges associated with these actions to be between $70M-$80M, or $60M-$70M after taxes and minority interest, of which $55M-$60M is expected to be cash charges primarily related to severance payments and contractual obligations and approximately $15M-$20M is expected to be non-cash charges primarily related to accelerated depreciation and other asset related charges. The company expects to record approximately $30M of charges in the second quarter of 2015 associated with these plans. Charges of approximately $10M are expected to be recognized in the second half of 2015.Once completed, these actions are expected to improve EMEA segment operating income by approximately $30M annually, beginning in 2017.
June 23, 2015
07:24 EDTNTICredit Suisse to hold a conference
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