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Stock Market & Financial Investment News

News Breaks
March 26, 2014
10:00 EDTSCS, LAZ, SIRI, CVA, NXPI, CRR, PENN, CG, GLW, DVN, GRMNOn The Fly: Analyst Upgrade Summary
Carlyle Group (CG) upgraded to Buy from Neutral at UBS... Covanta (CVA) upgraded to Outperform from Neutral at RW Baird... Garmin (GRMN) upgraded to Buy from Neutral at Citigroup... Penn National (PENN) upgraded to Outperform from Market Perform at FBR Capital... Sirius XM (SIRI) upgraded to Overweight from Equalweight at Barclays... Devon Energy (DVN) upgraded to Overweight from Equalweight at Capital One... CARBO Ceramics (CRR) upgraded at Sterne Agee... Lazard (LAZ) upgraded to Buy from Neutral at Nomura... Corning (GLW) upgraded to Positive from Neutral at Susquehanna... NXP Semiconductors (NXPI) upgraded to Overweight from Equal Weight at Morgan Stanley... Steelcase (SCS) upgraded to Strong Buy from Outperform at Raymond James.
News For CG;CVA;GRMN;PENN;SIRI;DVN;CRR;LAZ;GLW;NXPI;SCS From The Last 14 Days
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July 2, 2015
10:29 EDTNXPINXP Semiconductors, Freescale shareholders approve merger
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08:57 EDTPENNPenn National Plainridge casino expectations too high, says Morgan Stanley
Morgan Stanley believes Penn National Plainridge Park casino consensus expectations for $250M revenue and $60M EBITDA in 2016 are too high. The firm said other city property openings within proximity suggest lower win, unit and spend, and will likely face capacity issues. Morgan Stanley rates Penn National an Underweight with a $15 price target and says risk/reward is unfavorable.
July 1, 2015
18:59 EDTCGCarlyle Group in talks for 37% stake in Metropolis Health, Times of India says
Carlyle Group is in advanced discussions to purchase a 37% stake in Metropolis Healthcare for RS900 crore, reports Times of India, citing people directly familiar with the matter. Sources said a deal could be reached within the next few weeks. Reference Link
07:42 EDTNXPICanaccord recommends three European semi names amid eurozone turmoil
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June 30, 2015
08:48 EDTNXPIFreescale to host special shareholder meeting
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08:40 EDTNXPINXP Semiconductors to host special shareholder meeting
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07:38 EDTGLWCorning agrees to purchase pharmaceutical glass tubing business for EUR 196M
Corning announced that it has reached a definitive agreement with Gerresheimer AG to acquire its pharmaceutical glass tubing business for EUR 196M. The deal is expected to be completed by year-end, subject to customary closing conditions, including receipt of regulatory approvals.
June 29, 2015
06:07 EDTCGBMW, Macquarie expected to bid for ANZ Banking unit, Reuters reports
According to a source familiar of the situation, BMW and Macquarie Group are among the companies expected to make a bid for Australia and New Zealand Banking Group's car and equipment loan book, Reuters reports. Additionally, buyout firms Carlyle (CG), Blackstone (BX) and TPG have requested information memorandums for the sale. The unit could fetch more than the $6.35B book value of the loans, the source says. Reference Link
June 28, 2015
17:44 EDTCGCarlyle Group to invest $120M in Shanghai ANE Logistics
The Carlyle Group announced that it has agreed to invest approximately $120M into Shanghai ANE Logistics. The transaction is expected to close in Q3. Equity for the transaction will come from Carlyle Asia Partners IV.
June 26, 2015
09:32 EDTPENNNevada reports May Statewide gaming win up 3.33% to $1.0B
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09:18 EDTSIRISirius XM discloses settlement agreement with various record companies
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07:01 EDTGRMNGarmin introduces Rino 650t two-way radio handheld
Garmin International announced a new model of rugged two-way radio handhelds, the Rino 650t. Boasting a built-in 5-watt FRS/GMRS radio for a communication range of up to 20 miles, the Rino 650t comes preloaded with detailed TOPO U.S. 100K maps and a one-year subscription to BirdsEye Satellite imagery. Like previous Rino models, the new 650t features a 2.6” glove-friendly color display and a full navigational toolset with high-sensitivity GPS, barometric altimeter, 3-axis electronic compass and NOAA weather radio.
June 24, 2015
16:06 EDTSCSSteelcase sees Q2 EPS 27c-31c, consensus 31c
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16:04 EDTSCSSteelcase reports Q1 adjusted EPS 17c, consensus 15c
Reports Q1 revenue $705.5M, consensus $703.60M.
14:51 EDTSIRISirius XM, Fox News announce partnership on new channel
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09:13 EDTPENNPenn National’s Plainridge Park Casino debuts as Massachusetts’ first casino
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June 23, 2015
11:28 EDTSIRISirius XM management to meet with FBR Capital
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June 22, 2015
07:55 EDTCGSotherly Hotels agrees to acquire remaining interest in Crowne Plaza Hollywood
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June 21, 2015
19:55 EDTCGCarlyle Group commits up to $500M to Magna Energy
The Carlyle Group announced that it is committing an equity line up to $500M in Magna Energy, an upstream oil and gas company. Magna is targeting the building of acreage positions in the Indian subcontinent, with the objective of creating a full-cycle oil and gas company through acquisitions and local licensing rounds. Magna’s primary focus will be development and production with a secondary focus on exploration, said Carlyle.

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