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Stock Market & Financial Investment News

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July 16, 2014
07:35 EDTCIT, RYCEY, EADSYCIT Group, Rolls-Royce finalize agreement for Trent 7000 engines for A330-900neo
CIT Group (CIT) and Rolls-Royce (RYCEY) announced from the Farnborough International Air Show that they signed a definitive agreement for 15 shipsets of Trent 7000 engines to power CITís recent order of 15 Airbus (EADSY) A330-900neo family aircraft. Deliveries are initially scheduled to begin in 2018.
News For CIT;RYCEY;EADSY From The Last 14 Days
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July 30, 2014
05:40 EDTEADSYAirbus sees FY14 revenue stable compared to FY13
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05:38 EDTEADSYAirbus reports Q2 EPS EUR 0.89 vs. EUR 0.66 last year
Reports Q2 revenue EUR 14.55B vs. EUR 13.58B last year.
July 29, 2014
06:32 EDTEADSY, RYCEYRolls-Royce says Airbus-Skymark deal cancelation to impact order book
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06:05 EDTEADSYAirbus terminates purchase order with Skymark Airlines for A380s
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July 28, 2014
10:02 EDTCITOn The Fly: Analyst Upgrade Summary
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05:42 EDTCITCIT Group upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley upgraded CIT Group to Overweight citing higher profitability expectations following the company's acquisition of One West. The firm raised its price target for shares to $57 from $46.
July 27, 2014
09:26 EDTCITCIT Group still looks undervalued, Barron's says
CIT Group still looks like an undervalued way to play the recovery in the U.S., Barron's contends in a follow up article. Reference Link
July 23, 2014
11:40 EDTEADSYATR-made prop plane involved in deadly crash in Taiwan, Reuters reports
A 70-seat turboprop ATR 72 operated by TransAsia Airways crashed in tyhoon-hit Taiwan, killing 47 people, Reuters reported, citing the nation's Civil Aeronautics Administration. Reference Link
10:45 EDTEADSYDelta Air Lines sees Venezuela schedule cuts lowering Latin America RASM 3-4pts
Sees summer Transatlantic capacity up 8%. Doesn't see Ex-IM dispute impacting widebody purchase. Says could be a buyer of Airbus (EADSY) A330neo if priced in "low 80s, high 70s."
09:41 EDTEADSYPassenger plane reportedly crashes, 40 killed in Taiwan, Reuters says
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06:23 EDTEADSYAirbus group submits bid as Denmark looks to replace F-16s, WSJ reports
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06:07 EDTEADSYAirbus signs MOU with Hawaiian Airlines for six A330-800neos
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July 22, 2014
12:29 EDTCITOn The Fly: Midday Wrap
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07:52 EDTCITCIT: OneWest acquisition to have 12-13% pre-tax return on tangible common equity
The acquisition will have a 8% tangible book value per share dilution with approximately four-year earnback. CIT says it will maintain OneWest's existing branches and infrastructure. The restructuring charge will be $75M pre-tax. CIT's board has authorized an additional $500M share repurchase to be executed prior to closing. The synergies from the acquisition will be 100% phased in 2016 with 76c accretion. Sees FY16 standalone EPS of $3.73 and FY16 pro forma EPS of $4.49. Comments taken from slides for call to discuss OneWest acquisition.
07:23 EDTEADSYAirbus 'successfully' performs METRO test with A350 MSN001
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06:38 EDTCITCIT Group reports Q2 Tier 1 Capital Ratio of 16%
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06:37 EDTCITCIT Group reports Q2 EPS cont ops $1.02, consensus 85c
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06:33 EDTCITCIT Group to repurchase up to $500M of common stock through June 30, 2015
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06:32 EDTCITCIT Group to acquire OneWest Bank for $3.4B in cash and stock
CIT Group announced that it has entered into a definitive agreement and plan of merger with IMB Holdco, the parent company of OneWest Bank, for $3.4B in cash and stock. OneWest Bank is a privately owned regional bank that operates 73 retail branches in Southern California, with approximately $23B in assets, including commercial and residential mortgage loans, and $15B in deposits. Following the close of the transaction, CIT Bank, CITís banking subsidiary, will merge with OneWest Bank under the ďCIT BankĒ name and CIT will have assets of $67B and $28B in deposits. CIT expects the transaction to be 20% accretive to earnings per share. Under the terms of the Agreement, IMB Holdco LLC shareholders will receive $2.0 billion in cash and 31.3 million shares of CIT Group Inc. common stock currently valued at $1.4 billion assuming a CIT stock price of $44.33. The transaction has been approved by the boards of directors of both companies and is subject to customary closing conditions and regulatory approvals.
July 21, 2014
06:29 EDTEADSYAirbus aiming for pan-European drone deal to rival Taranis, Bloomberg says
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