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Stock Market & Financial Investment News

News Breaks
January 24, 2014
10:09 EDTWDAY, HBR, HP, ZU, VIAS, VIAB, TWC, P, N, NMM, JIVE, GEO, DISCK, DISCA, DSX, CMC, CMG, ECOM, CBSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: CBS (CBS) initiated with a Buy at Topeka... ChannelAdvisor (ECOM) initiated with a Market Perform at BMO Capital... Chipotle (CMG) initiated with an Outperform at Oppenheimer... Commercial Metals (CMC) initiated with a Neutral at Credit Suisse... Diana Shipping (DSX) initiated with an Equal Weight at Evercore... Discovery Communications (DISCK) initiated with a Buy at Topeka... Discovery (DISCA) initiated with a Buy at Topeka... Disney (DIS) initiated with a Hold at Topeka... Geo Group (GEO) initiated with a Buy at CRT Capital... Jive Software (JIVE) initiated with a Market Perform at BMO Capital... Navios Maritime Partners (NMM) initiated with an Equal Weight at Evercore... NetSuite (N) initiated with a Market Perform at BMO Capital... Pandora (P) initiated with an Outperform at Oppenheimer... Time Warner Cable (TWC) initiated with a Hold at Topeka... Viacom (VIAB) initiated with a Hold at Topeka... Viasystems (VIAS) initiated with a Buy at Canaccord... zulily (ZU) initiated with a Buy at Janney Capital... Helmerich & Payne (HP) coverage resumed with an Overweight at Stephens... Nabors Industries (NBR) initiated with an Equal Weight at Stephens... Workday (WDAY) initiated with a Market Perform at BMO Capital.
News For CBS;ECOM;CMG;CMC;DSX;DISCA;DISCK;GEO;JIVE;NMM;N;P;TWC;VIAB;VIAS;ZU;HP;HBR;WDAY From The Last 14 Days
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September 22, 2014
09:10 EDTZUzulily Q3 revenues tracking above consensus, says ITG Research
ITG Research said zulily's Q3 revenue is tracking to $293M vs. consensus of $286.2M and guidance of $275M-$287.5M.
08:20 EDTVIASTTM Technologies to acquire Viasystems for $16.46 per share in cash and stock
TTM Technologies (TTMI) and Viasystems Group (VIAS) announced the execution of a definitive agreement under which TTM will acquire all outstanding shares of Viasystems for a combined consideration of $11.33 in cash and 0.706 shares of TTM common stock, which based on the closing market price on September 19 was valued at $16.46 per Viasystems share, or approximately $368M. The total enterprise value of the transaction, including the assumption of debt, is approximately $927M. TTM has identified at least $25 million in pre-tax cost synergies which are expected to be realized within the first year. These will result from combining the sales and general and administrative functions of the two companies. TTM believes that significant additional synergies will result from other integration efforts over a longer period of time. This transaction is expected to be materially accretive to non-GAAP earnings per share in the first year. TTM expects to utilize a new $1.3 billion senior secured credit facility to finance the cash portion of the purchase price, refinance certain debt at each company, and provide liquidity for working capital and general corporate purposes. TTM has received a fully-underwritten financing commitment from J.P. Morgan and Barclays to finance the transaction. The transaction is subject to customary closing conditions, including regulatory approvals and approval by the shareholders of Viasystems. The transaction is expected to close in the first half of 2015. J.P. Morgan acted as financial advisor for TTM, and Stifel acted as financial advisor for Viasystems.
07:50 EDTVIASTTM Technologies & Viasystems host a joint conference call
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07:32 EDTVIASTTM Technologies to acquire Viasystems for cash, stock
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07:31 EDTVIASTTM Technologies to acquire Viasystems for cash, stock
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07:16 EDTVIASTTM Technologies to buy Viasystems for over $250M, WSJ reports
According to a sources, TTM Technologies (TTMI) will acquire Viasystems (VIAS) for over $250M in cash and stock, the Wall Street Journal reports. A deal could be announced as early as today. Reference Link
06:57 EDTVIASViasystems trading halted, pending news
September 19, 2014
07:48 EDTGEOGeo Group management to meet with SunTrust
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September 18, 2014
10:00 EDTDISCAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abengoa Yield (ABY) initiated with a Neutral at Macquarie... Acacia Research (ACTG) initiated with an Outperform at Northland... Alibaba (BABA) initiated with a Buy at CRT Capital... Allianz (AZSEY) initiated with a Buy at UBS... Boulder Brands (BDBD) initiated with a Neutral at Piper Jaffray... Brookfield Renewable (BEP) initiated with an Outperform at Macquarie... Cogent (CCOI) initiated with an Overweight at JPMorgan... Discovery (DISCA) initiated with a Buy at Argus... FCB Financial (FCB) initiated with a Market Perform at Keefe Bruyette... Five Oaks (OAKS) initiated with a Buy at Ladenburg... Furmanite (FRM) initiated with a Buy at Sidoti... Fusion Telecommunications (FSNN) initiated with a Buy at H.C. Wainwright... Helen of Troy (HELE) initiated with an Overweight at Piper Jaffray... ICON plc (ICLR) initiated with a Buy at KeyBanc... InterOil (IOC) initiated with an Outperform at Credit Suisse... Jarden (JAH) initiated with an Overweight at Piper Jaffray... Level 3 (LVLT) initiated with an Overweight at JPMorgan... Lombard Medical (EVAR) initiated with a Buy at BTIG... NRG Yield (NYLD) initiated with an Outperform at Macquarie... Newell Rubbermaid (NWL) initiated with a Neutral at Piper Jaffray... NextEra Energy Partners (NEP) initiated with an Outperform at Macquarie... Novatel Wireless (NVTL) initiated with a Buy at H.C. Wainwright... Parker-Hannifin (PH) initiated with a Hold at Deutsche Bank... Pattern Energy (PEGI) initiated with a Neutral at Macquarie... Rentrak (RENT) initiated with a Buy at Wunderlich... Rhino Resources (RNO) initiated with a Buy at Ladenburg... Ryerson (RYI) initiated with a Buy at KeyBanc... SFX Entertainment (SFXE) initiated with a Buy at Maxim... SoftBank (SFTBY) initiated with a Buy at Jefferies... Sprouts Farmers Markets (SFM) initiated with a Neutral at Piper Jaffray... TerraForm Power (TERP) initiated with an Outperform at Macquarie... Vince Holding (VNCE) initiated with a Buy at B. Riley... WhiteWave Foods (WWAV) initiated with an Overweight at Piper Jaffray.
07:34 EDTDISCADiscovery initiated with a Buy at Argus
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07:32 EDTPMKM Partners to hold a conference
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06:37 EDTCBSCBS head looks to reduce radio assets within 12 months, Reuters says
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September 17, 2014
17:19 EDTCBSCBS CEO says online ads not cannibalizing broadcast TV ads
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16:58 EDTCBSCBS CEO says Ray Rice scandal may have increased ratings
16:51 EDTCBSCBS CEO says could offer similar product to HBO Go in Europe
Les Moonves is speaking at the Bank of America conference.
15:03 EDTDISCADiscovery near deal with Hasbro for control of 'The Hub' jv, WSJ says
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14:29 EDTDISCADiscovery near deal with Hasbro for control of 'The Hub' jv, DJ says
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11:47 EDTPStocks with call strike movement; PBR P
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10:00 EDTHP, ZUOn The Fly: Analyst Initiation Summary
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09:04 EDTVIAB, DISCAAmericas Media ad growth estimates lowered at Nomura
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