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June 5, 2014
08:45 EDTCOL, COL, JBHT, JBHT, CSX, CSX, ITW, ITW, LLL, LLL, SON, SON, DHR, DHR, CW, CW, HUN, HUN, GE, GE, CTB, CTBDeutsche Bank to hold a conference
Global Industrials & Basic Materials Conference to be held in Chicago on June 4-5 with webcasted company presentations to begin on June 5 at 8:45 am; not all company presentations may be webcasted. Webcast Link
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November 18, 2015
08:10 EDTGEGE's Power Services reports first GT13E2 MXL2 gas turbine upgrade order in Asia
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08:07 EDTCOLViaSat and Rockwell Collins partner for in-flight connectivity
ViaSat (VSAT) is working with Rockwell Collins (COL) to integrate the ViaSat VMT-1500 terminal and its global Ku-band internet service with Rockwell Collins' eRouter smart cabin routers and its ARINCDirect flight support services. ViaSat's global Ku-band in-flight technology and internet service allows those on board to send and receive emails, establish VPN connections, watch streaming video and participate in video conferencing and Voice over Internet Protocol phone calls with the ADConnect VoIP app for iOS and Android.
07:24 EDTCSXCP offer for Norfolk Southern a starting point, says Citi
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November 17, 2015
17:32 EDTCSXNorfolk Southern spikes after Canadian Pacific proposes merger
Shares of railroad operator Norfolk Southern (NSC) are spiking in the after-hours after rival Canadian Pacific (CP) announced that it has sent an offer letter to Norfolk Southern proposing a business combination. WHAT'S NEW: After the close of trading on Tuesday, Canadian Pacific proposed a business combination with Norfolk Southern "that would create a transcontinental railroad with the scale and reach to deliver improved levels of service to customers and communities while enhancing competition and creating significant shareholder value." Canadian Pacific noted that the proposal reflects a "sizable premium in cash and stock offered to NS shareholders." The combined company would have a potential for faster earnings growth than either of the companies independently, CP noted, while offering unparalleled customer service and competitive rates to shippers." The combined company would innovate a new approach to terminal access that would allow another carrier to operate from a point of connection in the event the combined company failed to provide adequate service or competitive rates. The combination of NS and CP would provide a solution to "bottleneck pricing" and alleviate congestion in Chicago by channeling rail traffic away from Chicago. WHAT'S NOTABLE: According to a Globe and Mail report from earlier Tuesday, Keith Creel the COO of Canadian Pacific, who was speaking at a transportation conference, said rail mergers are inevitable but the executive "refused" to confirm past reports that the railroad operator was in talks to acquire rival Norfolk Southern. ANALYST VIEW: ON November 12, research firm BB&T said it believes there are many scenarios in which a merger between Canadian Pacific and Norfolk Southern would benefit both companies. The firm said that Norfolk Southern shareholders would get a 20%-30% premium above the stock's current level, while Canadian Pacific's potential revenue growth issues would be solved and its 2018 EPS would be boosted by 20% plus. PRICE ACTION: Shares of Norfolk Southern are up 6.9% to $93.00, while Canadian Pacific shares are unchanged. OTHERS: Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Genesee & Wyoming (GWR), Kansas City Southern (KSU) and Union Pacific (UNP).
16:01 EDTGEOptions Update; November 17, 2015
iPath S&P 500 VIX Short-Term Futures up 1.32 to 21.07. Option volume leaders: GE BAC AAPL FB NFLX SYF WMT CSCO MU SUNE VRX BABA AMZN HD FCX
15:36 EDTITWAirgas deal potentially negative for Lincoln Electric, says RBC Capital
RBC Capital analyst Matthew McConnell Air Liquide's acquisition of Airgas (ARG) opens the possibility that the French company could enter the market for U.S. welding equipment manufacturing, which is currently concentrated with top three players Lincoln Electric (LECO), Illinois Tool Works (ITW) and Colfax (CFX). The firm, which assumes that roughly 8% of Lincoln Electric's total sales go through Airgas, said the merger deal is most relevant for Lincoln, but also potentially negative for the other two. The firm keeps Sector Perform ratings on Lincoln, Illinois Tool and Colfax.
09:35 EDTGEActive equity options trading on open: AAPL FB GE HD
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09:27 EDTGESynchrony announces completion of separation from General Electric
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06:41 EDTGEGE's offer to exchange Synchrony's shares was oversubscribed by 3.2 times
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05:29 EDTGEGeneral Electric announces new Renewable Energy business
GE introduced its new Renewable Energy business at the European Wind Energy Association's 2015 Annual Event in Paris. The new unit significantly expands GE's wind portfolio in the wake of its recent acquisition of Alstom's power and grid businesses. The new business expands GE's global wind footprint to more than 30,000 turbines worldwide and significantly increases its presence in regions like Europe and Latin America. In Europe alone, GE's installed base will grow by approximately 50% as a result of the deal. In addition, GE Renewable Energy is welcoming a new offshore wind unit into the portfolio. Featuring new Haliade turbine technology, the offshore business has built a significant backlog of orders with EDF in France and has been selected for the Merkur offshore project in Germany. The Haliade technology will also be featured in the historic Block Island project, which is set to become the first offshore wind farm in the United States. Construction is underway, and the project will begin operation next year. Customers can also expect to see service-related benefits resulting from the acquisition. GE Renewable Energy plans to extend its services capabilities across both existing fleets, with an emphasis on using cutting-edge digital and analytics capabilities to help customers improve productivity and increase power output. Earlier this year, GE launched its Digital Wind Farm, which aims to create a digital infrastructure for the wind industry. The Digital Wind Farm harnesses the analytics power of the GE Store and is powered by Predix, the secure software platform for the Industrial Internet.
November 16, 2015
19:45 EDTGEGE turboprop selected by Textron as company promises 'new family' of engines
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16:00 EDTGEOptions Update; November 16, 2015
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11:35 EDTGEDeutsche Bank adds General Electric to the short-term sell list
Shares of General Electric (GE) are lower after a Deutsche Bank analyst put shares of the company on the firm's short-term sell list. WHAT'S NEW: GE could trade lower in the short term as the Synchrony Financial (SYF) split-off transaction is nearing completion, Deutsche Bank analyst John Inch said in a note to investors this morning. The analyst noted that the firm continues to believe GE "is on the right track strategically." Significant expected share repurchases should provide a buffer for share prices and provide a critical earnings per share catalyst for shares, the analyst maintained. WHAT'S NOTABLE: The analyst, who reiterated a Hold on shares, sees a deteriorating industrial economy, and questions some investors' willingness to look too far into the future to justify their bullish view of GE shares. The firm, which derived a $28 price target on shares, sees potentially rising risks to near-term fundamentals and execution risks to the company's selling off GE Capital's overseas assets. PRICE ACTION: In morning trading, GE declined 0.46% to trade near $30.14 per share as Synchrony Financial fell 1.25% to $30.14.
09:33 EDTCSXCSX management to meet with JPMorgan
Meeting to be held in Los Angeles on November 17 hosted by JPMorgan.
09:03 EDTGEGE Healthcare Life Sciences, Emerson announce collaboration
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07:46 EDTCOLRockwell Collins named a top three pick at Cowen
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07:22 EDTGEGeneral Electric shares could drop in near term, says Deutsche Bank
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07:11 EDTGEGeneral Electric added to the short-term sell list at Deutsche Bank
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06:49 EDTSONETP, Sonoco announce $2.23B dropdown of remaning 68.42% interest in Sunoco
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06:19 EDTSONSonoco resumed with a Hold at Deutsche Bank
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