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Stock Market & Financial Investment News

News Breaks
December 17, 2012
10:12 EDTHERO, ACE, TRV, SKT, RNR, PODD, DAL, ALLT, USG, THC, SPG, ONNN, INFA, BRO, LKFN, UAL, TFX, SAP, JBLU, DIODOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Brown & Brown (BRO) upgraded to Sector Perform from Underperform at RBC Capital... Delta Air Lines (DAL) upgraded to Buy from Hold at Dahlman Rose... Diodes (DIOD) upgraded to Buy from Underperform at Sterne Agee... Informatica (INFA) upgraded to Overweight from Neutral at Piper Jaffray... Insulet (PODD) upgraded to Overweight from Neutral at Piper Jaffray... JetBlue (JBLU) upgraded to Hold from Sell at Dahlman Rose... ON Semiconductor (ONNN) upgraded to Buy from Neutral at Sterne Agee... RenaissanceRe (RNR) upgraded to Outperform from Sector Perform at RBC Capital... SAP (SAP) upgraded to Market Perform from Underperform at JMP Securities... Simon Property (SPG) upgraded to Buy from Neutral at Citigroup... Tanger Factory (SKT) upgraded to Buy from Neutral at Citigroup... Teleflex (TFX) upgraded to Buy from Outperform at CLSA... Tenet Healthcare (THC) upgraded to Buy from Hold at Deutsche Bank... Travelers (TRV) upgraded to Top Pick from Outperform at RBC Capital... United Continental (UAL) upgraded to Buy from Hold at Dahlman Rose... USG (USG) upgraded to Top Pick from Outperform at RBC Capital... ACE Ltd. (ACE) upgraded to Outperform from Neutral at Credit Suisse... Lakeland Financial (LKFN) upgraded to Buy from Hold at Stifel Nicolaus... Allot Communications (ALLT) upgraded to Buy from Neutral at Chardan... Hercules Offshore (HERO) upgraded to Buy from Accumulate at Tudor Pickering.
News For BRO;DAL;DIOD;INFA;PODD;JBLU;ONNN;RNR;SAP;SPG;SKT;TFX;THC;TRV;UAL;USG;ACE;LKFN;ALLT;HERO From The Last 14 Days
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February 23, 2015
16:17 EDTUAL, DAL, JBLUBuckeye Partners reduces FY14 revenue by $40M due to settlement discussions
Buckeye Partners (BPL) announced revisions to its financial results for Q4 and FY14 due to a recent development. As has been previously disclosed, commencing in September 2012, Delta Air Lines (DAL), JetBlue (JBLU), United/Continental Air Lines (UAL), US Airways, and American Airlines (AAL) filed complaints with the Federal Energy Regulatory Commission challenging rates for transportation of jet fuel from New Jersey to three New York City area airports charged by Buckeye Pipe Line Company, an operating subsidiary of Buckeye. The Airlines are seeking payments for alleged past excessive charges and prospective tariff rate reductions. As the litigation has progressed, BPLC and the Airlines have continued to pursue settlement discussions. Due to positive developments in those settlement discussions subsequent to Buckeye's issuance of its 2014 earnings on Friday, February 6, Buckeye has recorded a reduction in revenue in the amount of $40M for the year ended December 31, 2014 in accordance with applicable accounting guidance regarding contingencies. This reduction in revenue is a one-time charge; therefore, Adjusted EBITDA and distributable cash flow for 2014 remain as reported on February 6th. The $40M is based upon a settlement offer made by BPLC to satisfy the claims for alleged past excessive charges through December 31, 2014, which offer has not been accepted by the Airlines. "While we continue to pursue settlement of this matter, we are not able to predict with certainty the final outcome of the proceeding, should it be carried through to its conclusion, or whether we can reach a satisfactory settlement and, if so, whether or not it will be on more or less favorable terms," the company said.
15:23 EDTTHCNotable companies reporting after market close
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14:58 EDTDALDelta, American among airlines interested in Skymark tie-up, Nikkei says
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10:55 EDTDALStocks with call strike movement; TSLA DAL
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09:59 EDTTFXOn The Fly: Analyst Upgrade Summary
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05:45 EDTTFXTeleflex upgraded to Overweight from Equal Weight at Barclays
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February 20, 2015
17:20 EDTUALUnited Continental says cooperating with government investigation
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07:02 EDTTFXTeleflex sees FY15 adjusted EPS $6.10-$6.35, consensus $6.26
Sees FY15 revenue up 4%-6% on a constant currency basis. On a GAAP basis, revenues are expected to be flat to down 2% versus the prior year due to the unfavorable impact of foreign currency. Consensus is $1.87B.
07:01 EDTTFXTeleflex reports Q4 adjusted EPS $1.43, consensus $1.38
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February 19, 2015
16:29 EDTRNRRenaissanceRe raises quarterly dividend to 30c per share from 29c per share
The board of RenaissanceRe voted to increase the company's quarterly dividend to 30c per common share, from 29c per common share. The dividend is payable on March 31, to shareholders of record on March 13.
10:28 EDTONNNON Semiconductor to host analyst day
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09:59 EDTUAL, JBLUOn The Fly: Analyst Initiation Summary
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February 18, 2015
17:50 EDTDALDelta Air Lines reinstated with a Buy at BofA/Merrill
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17:28 EDTJBLUJetBlue initiated with a Buy at BofA/Merrill
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17:27 EDTUALUnited Continental initiated with a Neutral at BofA/Merrill
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10:29 EDTALLTAllot Communications management to meet with Oppenheimer
Meeting to be held in New York on February 25 hosted by Oppenheimer.
10:05 EDTPODDOn The Fly: Analyst Downgrade Summary
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07:41 EDTPODDInsulet downgraded to Hold at Canaccord
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06:01 EDTPODDInsulet downgraded to Hold from Buy at Canaccord
05:15 EDTJBLUJetBlue says Lufthansa incentive order will have no impact on share count
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