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Stock Market & Financial Investment News

News Breaks
June 24, 2014
10:00 EDTWEC, OXLC, MTOR, SRC, MU, INWK, SO, MEOH, IDXX, HTGC, CDE, CGGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CGG SA (CGG) upgraded to Buy from Hold at Societe Generale... Coeur Mining (CDE) upgraded at BMO Capital... Hercules Technology (HTGC) upgraded to Outperform from Market Perform at Wells Fargo... IDEXX (IDXX) upgraded to Buy from Hold at Canaccord... InnerWorkings (INWK) upgraded to Buy from Hold at Craig-Hallum... Meritor (MTOR) upgraded to Buy from Fair Value at CRT Capital... Methanex (MEOH) upgraded at BMO Capital... Micron (MU) upgraded to Strong Buy with $50 price target at Needham... Oxford Lane (OXLC) upgraded to Buy from Neutral at Ladenburg... Southern Company (SO) upgraded to Buy from Hold at Argus... Spirit Realty (SRC) upgraded at BofA/Merrill... Wisconsin Energy (WEC) upgraded to Outperform from Market Perform at Wells Fargo.
News For CGG;CDE;HTGC;IDXX;INWK;MTOR;MEOH;MU;OXLC;SO;SRC;WEC From The Last 14 Days
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December 15, 2014
08:13 EDTHTGCADMA Biologics receives $5M tranche from Hercules Technology
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06:47 EDTCGGCGG SA downgraded to Underperform from Market Perform at Raymond James
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06:45 EDTMEOHMethanex downgraded to Outperform from Strong Buy at Raymond James
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December 14, 2014
15:04 EDTCGGTechnip ends plans to acquire CGG after talks on deal disappoint
Technip said in a press release: "On November 10 Technip (TKPPY) approached CGG's (CGG) board of directors with a view to making an offer on CGG and sought to engage in a constructive dialogue with CGG to review this project. Further to press leaks, Technip set out the main elements of its industrial project in a press release on November 20. Following CGG’s reaction to this approach, Technip put forward a number of alternative options to a tender offer, taking care as always to consider the social, strategic and financial aspects in each case. However, the discussions of these options did not result in any form of agreement. Under these circumstances, Technip informs the market that it does not intend to file a tender offer for CGG."
December 12, 2014
06:13 EDTMUMicron in talks to revise supply agreement with Inotera, DigiTimes reports
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December 11, 2014
13:03 EDTCGGOn The Fly: Midday Wrap
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12:43 EDTCGGFrench government reporedtly scrutinizing potential CGG deal, Reuters says
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December 10, 2014
08:04 EDTIDXXIDEXX price target raised to $160 from $153 at Canaccord
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07:45 EDTWECWells Fargo to hold a symposium
2014 Wells Fargo Energy Symposium is being held in New York on December 9-10; with webcasted company presentations to begin on December 10 at 8 am; not all company presentations may be webcasted. Webcast Link
December 9, 2014
06:25 EDTMUMicron attempt to renegotiate supply agreement with Inotera, DigiTimes says
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December 8, 2014
18:02 EDTSOWashington Gas Energy Systems to evaluate battery storage system in Georgia
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07:43 EDTMEOHMethanex MLP consideration could create additional value, says UBS
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07:36 EDTMUMicron December volatility of 31 at low end of historic range
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December 5, 2014
13:55 EDTMUMicron CEO said to be upbeat on DRAM pricing, CNBC's Lee reports
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07:43 EDTCGGLondon bankers see oil slump spurring energy industry consolidation, WSJ reports
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06:21 EDTMUDRAMeXchange: DRAM spot prices hit 7-month low, DigiTimes says
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06:00 EDTMUMicron management to meet with Wedbush
Meeting to be held in New York on December 8 hosted by Wedbush.
December 4, 2014
14:55 EDTWECWisconsin Energy plans to increase dividend 8.3% to 42.25c per share
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11:31 EDTMTORSypris Solutions, Meritor expand strategic relationship
Sypris Technologies, a subsidiary of Sypris Solutions (SYPR), announced that it has entered into an agreement to extend and expand its long-term supply relationship with Meritor (MTOR) to provide drivetrain components for its drive axle and trailer axle assembly operations in North America. The arrangement extends two existing supply contracts, as well as adds new products and services. Components for these agreements are produced at Sypris’ operations located in Louisville, Kentucky and Morganton, North Carolina. Terms of the agreements were not disclosed.
06:25 EDTMUPowertech Technology and Micron announce agreement for services in China
Powertech Technology and Micron Technology announced that they have entered into a series of agreements forming the basis of a long-term strategic relationship for assembly and packaging services in Xi'an, China. Under the agreements, Micron will complement its existing test and module manufacturing operations in the Xi'an High Tech Zone through the construction of a new assembly and packaging facility. Upon its completion, PTI will occupy the assembly facility and provide Micron with assembly and packaging services for a period of several years. Reference Link
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