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Stock Market & Financial Investment News

News Breaks
July 16, 2014
07:35 EDTEADSY, RYCEY, CITCIT 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 28, 2015
06:36 EDTCITCIT Group reports total assets under continuing operations at June 30 were $46.7
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06:36 EDTCITCIT Group reports Q2 EPS 66c, consensus 66c
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July 22, 2015
08:13 EDTEADSYAvolon delivers Airbus A321-200 to Vueling Airlines
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08:03 EDTEADSYOrbital ATK, Airbus finalize agreement on A350-1000 variant
Orbital ATK (OA) announced that it has finalized an agreement with Airbus (EADSY) to expand its current contract to include the manufacture of composite stringers and frames on the Ė1000 variant of the A350 program, adding to the work already being performed on the A350 program. This agreement builds on Orbital ATKís valuable working relationship with Airbus and its partners. The Aerospace Structures Division of Orbital ATKís Flight Systems Group is executing the A350 program at its Aircraft Commercial Center of Excellence facility in Clearfield, Utah. Orbital ATK is currently producing composite stringers and frames for the A350-900 and has successfully delivered more than 44,000 parts since the inception of the program. Orbital ATK expects that the contract expansion will require future hiring of additional professional and manufacturing employees, benefiting the local job market in Utah.
07:15 EDTCITCIT Group shares attractive ahead of earnings, says Stifel
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06:42 EDTEADSYAirbus China plant to deliver first wide-body jet in 2018, Reuters says
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July 21, 2015
19:41 EDTCITCIT receives regulatory approval to acquire OneWest Bank
CIT Group announced that it has received approval from the Federal Reserve Board, the Office of the Comptroller of the Currency, and all required state regulators to acquire OneWest Bank and its parent company IMB Holdco. The transaction is expected to close on August 3. Additionally, CIT and IMB Holdco have agreed to extend the date after which either party may elect to terminate their merger agreement. "CIT Group's principal bank subsidiary, CIT Bank, will merge with and into OneWest Bank and operate an internet banking franchise, as well as a network of 70 retail branches throughout Southern California as OneWest Bank, a division of CIT Bank," said the company.
15:31 EDTCITOCC approves OneWest Bank-CIT bank merger
The Office of the Comptroller of the Currency announced that it granted conditional approval to merge CIT Bank, Salt Lake City, Utah, into OneWest Bank , Pasadena, Calif. The combined bank will change its name to CIT Bank. The approval follows consideration of numerous public comments submitted in writing and expressed during a public meeting conducted on February 26. The OCC also determined that OneWest has satisfied the terms of the 2011 foreclosure-related consent order and the OCC has terminated that order. OneWest completed the independent foreclosure review in accordance with the requirements included in the original 2011 order and did not enter into a payment agreement with the OCC.
July 20, 2015
06:23 EDTRYCEYRolls-Royce TotalCare services worth $1.3B selected by SAUDIA
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06:22 EDTRYCEYRolls-Royce Trent 700 engines worth $930M selected by IAFC
Rolls-Royce has been selected by International AirFinance Corporation to provide Trent 700 engines, worth $930M, for 20 Airbus A330 Regional aircraft. The Trent 700 now accounts for 90% of A330 freighters in service and on order. More than 1,500 Trent 700s are now in service or on firm order, making it the largest in-service Trent engine.
July 19, 2015
20:33 EDTEADSYMedia reports say Lockheed to buy UTX's Sikorsky
According to media reports, Lockheed Martin (LMT) has agreed to purchase United Technologies' (UTX) Sikorsky unit. The news comes after several months of speculation surrounding Sikorsky, and an announcement could be made just a day prior to second quarter earnings for both United and Lockheed. WHAT'S NEW: Reuters reported on Sunday that Lockheed Martin has agreed to buy Sikorsky Aircraft from United Technologies for over $8B, according to two sources, adding that the deal is set to be formally announced on Monday. The news was later echoed by Bloomberg, citing a person familiar with the talks. WHAT'S NOTABLE: United Technologies first reported that it was exploring strategic options for its Sikorsky unit on March 11. At the time, the company noted that options included a spinoff or a stand-alone public company, saying that the split could allow United "to better focus on providing high-technology systems and services to the aerospace and building industries." Following the announcement, UBS remarked that it was "not surprised" and reiterated a $136 price target on United shares. On May 20, the Wall Street Journal quoted sources as saying Boeing (BA), Airbus (EADSY) and Lockheed submitted bids for the helicopter maker, with a speculated deal thought to reach the $10B area. A June 9 report from Reuters added Textron (TXT) to the list of bidders. Today's news -- though unconfirmed by either United or Lockheed -- comes ahead of second quarter earnings reports for both companies scheduled for Tuesday, July 21. PRICE ACTION: Shares of Lockheed Martin declined 0.22% to $201.18 at the close of trading on July 17, while those of United Technologies fell 0.45% to $110.76.

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