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November 12, 2012
06:10 EDTCSCO, XSRAY, GLNCY, WMT, EADSY, DDAIF, UPS, TNTEY, VODOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Cisco Systems (CSCO) unveiled a new strategy for dealing with so-called patent trolls: accuse them of breaking the law, the Wall Street Journal reports...Xstrataís (XSRAY) effort to close the merger with Glencore (GLNCY) has run into another hurdle that could prove fatal. Shareholders next week will vote on the merger using an untested ballot system devised to sidestep investor opposition to retention payments that Xstrata has proposed, the Wall Street Journal reports...REUTERS: Wal-Mart Storesís (WMT) U.S. employees will pay between 8% and 36% more in premiums for its medical coverage in 2013, prompting some of the 1.4M workers to say they will forego coverage altogether, Reuters reports...The French and German governments began talks on whether to maintain their shareholder pact at EADS (EADSY) once Daimler (DDAIF) sells its entire stake in the company, according to the French daily Les Echos, Reuters reports...BLOOMBERG: UPSís (UPS) $6.6B purchase of TNT Express (TNTEY) faces growing investor skepticism as the company struggles to win EU approval, Bloomberg reports...Vodafone Group (VOD), struggling with decreasing wireless revenue in European markets such as Spain and Italy, is courting new sales partners: TV companies and newspaper publishers, Bloomberg reports.
News For CSCO;XSRAY;GLNCY;WMT;EADSY;DDAIF;UPS;TNTEY;VOD From The Last 14 Days
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October 9, 2014
13:39 EDTCSCOCisco denies rumors that it will stop investing in VCE JV, The Register reports
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13:37 EDTCSCOCisco may end further investment in VCE JV, CRN reports
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11:25 EDTCSCOCisco and TCL to set up $80M China cloud joint venture, Reuters reports
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10:00 EDTVODOn The Fly: Analyst Downgrade Summary
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08:27 EDTVODVodafone downgraded to Reduce from Neutral at Nomura
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06:52 EDTCSCOTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:22 EDTEADSYCFM launches next phase of testing for LEAP engine
CFM International's LEAP engine took the skies for the first time on October 6 on a modified 747 flying testbed at GE Aviation Flight Test Operations in Victorville, California, launching the next phase of testing for the advanced engine program. The engine behaved well and completed multiple aeromechnical test points at various altitudes during the nearly three-hour first flight. Over the next several weeks, the engine will complete a comprehensive test schedule that will gauge engine operability, stall margin, performance, and acoustics. The LEAP-1A/-1C variants are on track for engine certification in 2015. The total program, which encompasses all three LEAP engine variants, includes 28 ground and CFM flight test engines, along with a total of 32 flight test engines for Airbus (EADSY), Boeing (BA), and COMAC. Although all three LEAP engine variants will fly on the modified testbed, the configuration currently being tested is a fully integrated propulsion system. CFM is a joint venture between GE (GE) and France's Safran. Reference Link
October 8, 2014
13:35 EDTEADSYAirbus to receive FAA safety approval for A350 by end of October, Reuters says
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09:38 EDTCSCOCisco breakup would not create much value, says Citigroup
Citigroup says its analysis shows that a breakup of Cisco would not create much more value than the current share price. With CEO John Chambers' likely retirement next year, however, Citi thinks the Cisco board is likely to at least entertain the option of a split. The firm sees a low probability of a breakup taking place and keeps a Sell rating on Cisco shares. Citi upped its price target for the stock to $22 from $20.50. Citi's analysis of Cisco follows breakup decisions by HP (HPQ) and JDSU (JDSU) and Bloomberg's report this morning that Symantec (SYMC) is in advanced talks to split into two separate companies. This report corrects the rating on Cisco shares to Sell.
08:19 EDTEADSYAerCap reports 134 aircraft transactions completed during Q3
AerCap Holdings (AER) announced the completion of 134 aircraft transactions during Q3. Signed lease agreements for 84 aircraft. Delivered 26 aircraft under contracted lease agreements. Purchased nine new aircraft, including five Boeing (BA) 787-8s, three Boeing 737-800s and one Airbus (EADSY) A321-200. Executed sale and part-out transactions for 15 aircraft, including: one Airbus A300-600F, one Airbus A340-300, eight Boeing B737 classics, one Boeing B767-300ER and two MD-11s from AerCap's owned portfolio. One Boeing 737 classic and one Airbus A320-200 from AerCap's managed portfolio. Signed financing transactions for $1.5B, including the previously announced private offering of $800M. The total financing transactions completed year-to-date amount to $8.9B.
06:48 EDTVODSwisscom mulls $6.3B Fastweb deal as Vodafone waits, Reuters says
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06:44 EDTEADSYAirbus aims to slice Dassault share by nearly 50%, Bloomberg says
Airbus is looking to cut its share of Dassault Aviation by close to 50%, selling stakes to institutional investors and back to Dassault in an agreement worth nearly $2.52B, according to Bloomberg, citing comments from Airbus' head of strategy Marwan Lahoud. Lahoud said that the European carrier is looking into selling options due to the U.S. economy bouncing-back. Reference Link
06:35 EDTCSCOCisco's reorganization affects up to 25,000 employees, Business Insider reports
Cisco's reorganization of its routing and switching engineering business could affect up to 25,000 employees, reports Business Insider. Citing sources in Silicon Valley, the reorganization involves massive changes for the unit, moving from individual teams to two big overarching teams with one group focused on software and the other on hardware. Due to the changes, sources say a lot of senior employees have begun send out resumes. Reference Link
October 7, 2014
13:40 EDTWMTWal-Mart to host a meeting
21st Annual Meeting for the Investment Community is being held on October 15 at 8:45 am. Webcast Link
10:34 EDTWMTWal-Mart cutting health insurance coverage for most part-time workers, AP says
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09:30 EDTDDAIFDaimler to begin making medium truck engines for North America, HDT says
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09:27 EDTDDAIFWells says Daimler decision to make engines negative for Cummins
Wells Fargo says Daimler's (DDAIF) announced intention to begin producing medium truck engines for its North American applications beginning in early 2016 is a negative for Cummins (CMI). Wells believes Daimler's decision is a threat to Cummins' supply relationship with Daimler's North American truck business. The firm estimates Cummins realized 45K engines and after-treatment systems to Daimler's North American Class 6-7 truck business over the twelve months ending August 2014. It has a Market Perform rating on the stock.
08:06 EDTUPSUPS acquires i-parcel, terms not disclosed
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07:36 EDTCSCOCisco unlikely to split-up despite speculation, says UBS
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06:52 EDTCSCOAruba Networks may be displacing Cisco in some verticals, says RBC Capital
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