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Stock Market & Financial Investment News

News Breaks
December 18, 2012
10:00 EDTHPQ, OMI, FE, AUQ, TRMB, RUSHA, CVTI, CPWR, WWD, LPL, CNCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Centene (CNC) downgraded to Hold from Buy at Jefferies... Covenant Transportation (CVTI) downgraded to Hold from Buy at BB&T... FirstEnergy (FE) downgraded to Hold from Buy at Deutsche Bank... LG Display (LPL) downgraded to Neutral from Buy at UBS... Owens & Minor (OMI) downgraded to Sell from Neutral at Goldman.... Rush Enterprises (RUSHA) downgraded to Hold from Buy at BB&T... Woodward (WWD) downgraded to Neutral from Outperform at Credit Suisse... Trimble Navigation (TRMB) downgraded to Neutral from Buy at Lazard Capital... Hewlett-Packard (HPQ) downgraded to Sell from Hold at Topeka... Compuware (CPWR) downgraded to Hold from Buy at Noble Financial... AuRico Gold (AUQ) downgraded to Market Perform from Outperform at BMO Capital.
News For CNC;CVTI;FE;LPL;RUSHA;OMI;WWD;TRMB;HPQ;CPWR;AUQ From The Last 14 Days
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May 21, 2015
08:11 EDTHPQHP to sell 51% of China unit for $2.3B
HP and Tsinghua Holdings jointly announced a partnership that will bring together Chinese enterprise technology assets of Hewlett-Packard and China's prestigious Tsinghua University to create the leading Chinese provider of technology infrastructure. Under the definitive agreement, Tsinghua Holdings subsidiary, Unisplendour Corporation, will purchase a 51% stake in a new business called H3C, comprising H3C Technologies and HP's China-based server, storage and technology services businesses, for approximately $2.3B, valuing the total business at $4.5B.
08:06 EDTHPQHP announces partnership with Tsinghua Holdings
HP and Tsinghua Holdings jointly announced a partnership that will bring together Chinese enterprise technology assets of Hewlett-Packard and China's prestigious Tsinghua University to create the leading Chinese provider of technology infrastructure. Under the definitive agreement, Tsinghua Holdings subsidiary, Unisplendour Corporation, will purchase a 51% stake in a new business called H3C, comprising H3C Technologies and HP's China-based server, storage and technology services businesses, for approximately $2.3B, valuing the total business at $4.5B. Combining these two entities, the new H3C will be a technology powerhouse in China with a market-leading portfolio that will be #1 in networking and a leader in servers, storage and technology services.
07:44 EDTWWDWoodward to host conference call
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07:36 EDTWWDJoint venture a significant positive for Woodward, says Stifel
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06:32 EDTWWDWoodward upgraded to Sector Weight from Underweight at KeyBanc
KeyBanc upgraded Woodward on the GE Aviation joint-venture announcement and the $250M repurchase plan.
06:06 EDTHPQHP to sell stake in Chinese data-networking operation, WSJ reports
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May 20, 2015
17:31 EDTOMIOwens & Minor appoints P. Cody Phipps as CEO
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16:15 EDTWWDGE Aviation, Woodward combine fuel systems expertise for new joint venture
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16:14 EDTWWDWoodward to repurchase $250M in shares over next 12 months
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08:45 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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08:07 EDTFEFirstEnergy to hold a meeting
Fixed Income Investor Meeting is being held in New York on May 20 at 11 am.
May 19, 2015
12:55 EDTHPQPC related stocks struggle after Morgan Stanley says PC turn won't come until Q3
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09:36 EDTAUQAuRico Gold downgraded to Hold from Buy at Desjardins
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06:36 EDTHPQHP sued by MicroTech for $16.5M for 'unfairly taking advantage'
In a lawsuit filed Monday with the United States District Court for the Northern District of California in San Francisco, Virginia technology company MicroTech accuses Hewlett Packard and the software maker it now owns, Autonomy, of unfairly taking advantage by refusing to return $16.5M in cash paid to Autonomy for software never delivered in a fashion where it could be re-sold. During a national telephonic press conference, Lanny J. Davis, a Washington, D.C. attorney advising MicroTech, described the core allegation in the breach of contract case filed against HP: "Regardless of whether HP was defrauded by Autonomy, or whether HP's over-payment for Autonomy was a product of a possible due diligence failure, in my opinion, HP is not entitled to keep both MicroTech's money AND Autonomy's software that MicroTech duly purchased," Davis said.
06:24 EDTHPQHP to sell controlling stake in H3C unit to Tsinghua Unigroup, Reuters reports
HP will sell its 51% stake in H3C, its China-based computing unit, to Tsinghua Unigroup, Reuters reports, citing comments from a spokesperson for the Chinese private-equity fund's parent company. Terms have not been disclosed, but the spokesperson says he believes the deal will be completed in the coming days. Reference Link
May 18, 2015
14:15 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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May 15, 2015
11:00 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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07:40 EDTHPQHP split to be positive catalyst, says Deutsche Bank
Deutsche Bank believes HP's split will be a positive catalyst for shares this year. It views the stock as attractively priced ahead of the Q2 results on May 21 and says HP remains a top pick for 2015. Deutsche has a Buy rating on the name with a $45 price target.
May 14, 2015
09:40 EDTHPQHP upgraded to Buy from Hold at Cross Research
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06:15 EDTHPQHP Q2 sales weakness largely expected, says Citigroup
Citigroup believes HP's Q2 revenue on May 21 could miss the consensus expectation of $25.8B due to PC weakness and currency pressure. Citi thinks sales weakness is largely expected, however. The firm says HP shares "will start to work again" as management will likely address and quantify the additional costs of operating as two separate companies. Uncertainty around the size of the dis-synergy costs has been a key factor behind the stock's recent underperformance, Citi believes. It keeps a Buy rating on HP with a $41 price target.
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