New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
October 23, 2012
10:00 EDTDUK, NCMI, YHOO, XL, TOO, RNR, PSA, POWI, MNI, CNL, CHKPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Check Point (CHKP) upgraded to Overweight from Neutral at JPMorgan... Cleco (CNL) upgraded to Buy from Neutral at Goldman... Cleco (CNL) upgraded to Outperform from Market Perform at Wells Fargo... McClatchy (MNI) upgraded to Buy from Neutral at Citigroup... Power Integrations (POWI) upgraded to Buy from Neutral at Sterne Agee... Public Storage (PSA) upgraded to Hold from Sell at Cantor.. RenaissanceRe (RNR) upgraded to Outperform from Market Perform at Keefe Bruyette... Teekay Offshore Partners (TOO) upgraded to Overweight from Neutral at JPMorgan... XL Group (XL) upgraded to Outperform from Market Perform at Keefe Bruyette... Yahoo! (YHOO) upgraded to Positive from Neutral at Susquehanna... National CineMedia (NCMI) upgraded to Buy from Hold at Stifel Nicolaus... Duke Energy (DUK) upgraded to Overweight from Underweight at JPMorgan.
News For CHKP;CNL;MNI;POWI;PSA;RNR;TOO;XL;YHOO;NCMI;DUK From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
October 20, 2014
05:55 EDTCNLCleco says Darren Olagues expected to succeed Williamson as CEO upon closing
Subscribe for More Information
05:45 EDTCNLCleco to be acquired by investor group for $55.37 per share in cash
Cleco announced that it has entered into a definitive agreement to be acquired by a group of North American long-term infrastructure investors led by Macquarie Infrastructure and Real Assets, or MIRA, and British Columbia Investment Management Corporation, or bcIMC, together with John Hancock Financial and other infrastructure investors. The agreement values Cleco at approximately $4.7B, including approximately $1.3B of assumed debt. Under the terms of the agreement, the new owners will acquire all outstanding shares of Cleco Corporation for $55.37 per share in cash. The price represents approximately a 15% premium to Cleco's closing price of $48.27 on October 17, the last trading day prior to the announcement of the agreement. The transaction is expected to close in the second half of 2015. Following the close of the transaction, Cleco Power will continue to be regulated by the LPSC and FERC. The transaction will not affect residential or commercial rates for electricity. In addition, following the close of the transaction, Cleco will continue to operate as an independent company led by local management and will maintain its headquarters in Pineville, LA. Cleco's CEO, senior utility management, and leaders of corporate support functions will all be Louisiana residents as will at least four members of Cleco's board of directors, including its chair. Cleco and the new owners have made additional commitments to the LPSC including that no changes will be made to Cleco's operations, staffing levels, compensation levels or employee and retiree benefits programs as a result of the transaction.
05:42 EDTCNLCleco to be acquired by investor group for $55.37 per share in cash
October 17, 2014
13:16 EDTYHOOYahoo weekly volatility elevated into Q3 and capital utilization outlook
Subscribe for More Information
12:17 EDTYHOOMark Cuban says buying Netflix shares, sees company as M&A target
Subscribe for More Information
October 15, 2014
16:22 EDTYHOOYahoo amendment to credit agreement extended to October 8, 2015
On October 9, Yahoo! Inc. entered into Amendment No. 2 to its Credit Agreement, dated as of October 19, 2012, as amended by Amendment No. 1, dated as of October 10, 2013, with Citibank, N.A., as administrative agent, and the lenders party thereto from time to time. Amendment No. 2, among other things, extends the termination date of the Credit Agreement from October 9, 2014 to October 8, 2015. The Credit Agreement, as amended, continues to provide for a $750M unsecured revolving credit facility, subject to increase by up to $250M in accordance with its terms. There are no borrowings currently outstanding under the Credit Agreement.
10:02 EDTTOOOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:19 EDTTOOTeekay Offshore Partners upgraded to Buy from Neutral at BofA/Merrill
Subscribe for More Information
06:40 EDTYHOOYahoo hires Kevin Gentzel as head of N.A. ad sales, CNet reports
Yahoo has hired Kevin Gentzel, the Washington Post's former chief revenue officer, as its new head of North American advertising sales, CNet reports. Gentzel will report to Ned Brody, the company's head of Americas. Reference Link
October 14, 2014
14:28 EDTYHOOYahoo hires former Washington Post Chief Revenue Officer to head sales, WSJ says
Subscribe for More Information
08:32 EDTPSAPublic Storage assumed with a Hold at Jefferies
Subscribe for More Information
08:08 EDTYHOOYahoo to close Amman, Jordan office by end of year, TechCrunch reports
Yahoo will close its office in Amman, Jordan by the end of the year, TechCrunch reports, citing a confirmed statement by a company spokesperson. The company will funnel its Arab-language and English-language Arab-focused Internet portal to an office in Dubai and other regions. A Yahoo spokesperson says the move is part of its "global efforts to streamline operations." Reference Link
October 13, 2014
13:10 EDTYHOOGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
12:13 EDTYHOOYahoo upgraded as BGC sees higher chances for tax efficient monetization
Research firm BGC Partners upgraded its rating on Yahoo (YHOO) to Buy from Hold, saying that the chances of the company monetizing its assets in a more tax efficient manner have increased now that Alibaba (BABA) has come public. Among the possible scenarios, Yahoo may be acquired by Alibaba, the firm added. WHAT'S NEW: Yahoo's chances of paying a relatively low tax rate on the sale of its stakes in Alibaba and Yahoo Japan, a Japanese Internet company, have risen, BGC Financial analyst Colin Gillis stated. Yahoo could owe up to $15B of taxes on its sale of the assets, the analyst estimated. If Yahoo pays full tax liability, its stakes would be worth $43.5B. If it pays no taxes, the assets would be worth $58.5B, he estimated. Gillis set his price target on Yahoo at $50, representing the midpoint of the two scenarios, he stated. Among various scenarios that could play out, Alibaba could choose to buy Yahoo and subsequently unload Yahoo's core business and the American company's stake in Yahoo Japan, the analyst said. Yahoo shareholders could receive cash and shares of Alibaba as part of such a deal, Gillis stated. If Yahoo is not acquired by Alibaba, the American company should combine with AOL (AOL), as recently proposed by activist investor Starboard Value, Gillis contended. Merging with AOL could accelerate Yahoo's revenue growth by over 50% and increase its EBITDA by over 35%, Gillis estimated. PRICE ACTION: In early afternoon trading, Yahoo fell 1% to $39.18.
10:08 EDTYHOOOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:28 EDTYHOOYahoo upgraded to Buy from Hold at BGC Financial
BGC Financial analyst Colin Gillis upgraded his rating on Yahoo (YHOO) shares to Buy saying the company's remaining assets should get monetized in a more tax efficient manner now that Alibaba (BABA) is public. Gillis also points out that Alibaba could see benefits from acquiring Yahoo. He raised his price target for Yahoo shares to $50 from $37.
09:23 EDTCHKPHP could buy lower valuation company, says Bernstein
Subscribe for More Information
09:06 EDTDUKJinkoSolar panels installed at Duke Energy's Capital Partners Solar Project, NC
JinkoSolar panels are being installed by SunEnergy 1 at the Duke Energy Renewables-owned Capital Partners Solar Project in eastern North Carolina. The solar project was announced as a partnership among three customers that will bring solar power from rural North Carolina to the urban settings of the Washington, D.C., institutions.
October 9, 2014
14:37 EDTYHOOYahoo looking to make Tumblr another YouTube, Business Insider says
Subscribe for More Information
06:40 EDTCHKPSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use