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Stock Market & Financial Investment News

News Breaks
February 13, 2013
16:43 EDTCUK, CCL, GRPN, GE, CLF, TRLA, CMCSA, RATE, DDDOn The Fly: Closing Wrap
Stocks on Wall Street were mixed following last night's State of the Union address and January retail sales that were in-line with expectations, but down from December's reading... ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in January, which was in-line with expectations though down from a 0.5% gain in December. Import prices rose 0.6% during the month, versus expectations for an increase of 0.8%, while Export prices were up 0.3% in January, matching the consensus forecast. Business inventories grew 0.1% in December, versus expectations for a 0.2% increase. Additionally, in his State of the Union address last night, President Obama outlined a mix of old and new proposals intended to jump-start the domestic economy as well as urging Congress to raise the minimum wage to $9 an hour from the existing $7.25... COMPANY NEWS: Comcast (CMCSA) gained $1.16, or 2.98%, to $40.13 after reporting its Q4 results earlier than expected. It also announced it will buy General Electricís (GE) remaining 49% equity stake in NBCUniversal for $16.7B and would acquire $1.4B in real estate assets from GE. Comcast increased its annual dividend by 20% to 78c per share and said it plans to buy back $2B of its stock in 2013. After the earlier than expected sale of the NBCU interest, GE shares gained 81c, or 3.59%, to $23.39 as the company said it was raising its share repurchase plan to $35B and accelerating its 2013 share buybacks to about $10B... MAJOR MOVERS: Among the notable gainers were shares of 3D printer maker 3D Systems (DDD), up $2.54, or 4.03%, to $65.61 following comments made by President Obama during last night's State of the Union address. Also higher were shares of Trulia (TRLA), up $5.21, or 21.9%, to $29.00 following better than expected Q4 results, and Groupon (GRPN), up 28c, or 5.39%, to $5.57 after the stock was upgraded to Buy from Neutral at Sterne Agee. Among the noteworthy losers was Cliffs Natural (CLF), down $7.32, or 19.99%, to $29.29, after the company reported Q4 results, cut its dividend 76% to 15c per share, and the stock was downgraded by at least three analyst firms. Also lower were shares of Bankrate (RATE), down $1.93, or 15.59%, to $10.45, after its Q4 results missed street estimates and the stock was downgraded to Neutral at Citigroup. Also sliding was Carnival (CCL), down $1.56, or 4%, to $37.46 as the company's Triumph cruise ship, which has been stranded in the Gulf of Mexico, was towed ashore and the company detailed the impact of voyage disruptions and repair costs on its results in the first half of the year... INDICES: The Dow was down 35.79, or 0.26%, to 13,982.91; the Nasdaq was up 10.39, or 0.33%, to 3,196.88; and the S&P 500 was up 0.90, or 0.06%, to 1,520.33.
News For CMCSA;GE;DDD;TRLA;GRPN;RATE;CLF;CCL;CUK From The Last 14 Days
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August 25, 2015
06:28 EDTGEGE eyes compensation for Polish forex loan conversion, Reuters says
General Electric is eyeing compensation for losses incurred by its Polish unit Bank BPH due to the planned conversion of Swiss-franc denominated mortgages into zlotys, Reuters reports, citing a letter sent from GE Capital CEO Keith Sherin to Polish authorities. According to the letter, GE saw further possible damage to BPH, following a 10% decline in BPH shares on the day the bill on the conversion was preemptively passed by the lower house of parliament. Reference Link
August 24, 2015
19:30 EDTGEGeneral Electric to eliminate Lufkin oil 262 jobs in TX, Reuters says
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11:22 EDTRATEBankrate management to meet with Stephens
Meetings to be held in Minneapolis/Milwaukee on August 31 and in Milwaukee/Chicago on September 1 hosted by Stephens.
August 23, 2015
16:22 EDTCMCSA'Straight Outta Compton' finds little contention for No. 1 box office spot
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14:06 EDTCCLCruise industry headed for jump in profits, Barron's says
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August 21, 2015
17:02 EDTGEGeneral Electric completes sale of U.S. Sponsor Finance Business to CPPIB
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13:11 EDTCMCSAFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
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10:02 EDTCLFOn The Fly: Analyst Initiation Summary
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08:22 EDTCLFCliffs Natural initiated with a Sell at Axiom
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August 20, 2015
08:01 EDTGEGE to provide CESP with 30MW battery energy storage system
GE announced it will provide Coachella Energy Storage Partners with a 30-MW battery energy storage system as part of CESP's supply contract with the Imperial Irrigation District. Representing GE's largest energy storage project to date, the plant will be located in California's Imperial Valley, approximately 100 miles east of San Diego. The facility will aid grid flexibility and increase reliability on the IID network by providing solar ramping, frequency regulation, power balancing and black start capability for an adjacent gas turbine. GE will provide CESP with an integrated energy storage solution, configured using GE's Mark* VI plant controls, GE Brilliance MW inverters, GE Prolec transformers, medium-voltage switchgear and advanced lithium ion batteries housed in a GE purpose-built enclosure. The plant will be operated by ZGlobal, an engineering collaborator with CESP, for the first 18 months, after which control will transfer to the IID. The deal marks GE's third project using lithium ion battery technology since expanding its portfolio in recent months. GE anticipates project construction will begin early next year, with commercial operation scheduled for the third quarter of 2016.
06:10 EDTCMCSAWeather Channel said to hire banks to explore sale, Bloomberg reports
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August 19, 2015
10:20 EDTCMCSABig telecom firms put M&A on hold, CTFN reports
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10:00 EDTCMCSAOn The Fly: Analyst Upgrade Summary
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09:13 EDTCMCSAComcast upgraded to Buy from Neutral at MoffettNathanson
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08:05 EDTGEGE Capital unit selected by Bush Hog for financing solutions
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August 18, 2015
16:49 EDTCMCSAOn The Fly: Top stock stories for Tuesday
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10:17 EDTCMCSADisney downgraded as Wells moves away from content providers
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09:32 EDTGEGE unveils $100M-plus washer investment in Louisville plant
GE announced an investment of $100M-plus in a new top load washer design and expanded manufacturing capability at its laundry plant in Louisville. This marks the largest laundry launch for GE in 20 years and is another example of the company's continued commitment to U.S. manufacturing.
08:04 EDTCMCSABuzzFeed says NBCUniversal to make $200M equity investment in company
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08:00 EDTRATEBankrate reinstated with a Sell at Goldman
Target $9.
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