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Stock Market & Financial Investment News

News Breaks
February 15, 2013
10:12 EDTYNDX, NEPT, GRMN, ABT, TGI, EMR, CTCM, XPO, PH, LGPOn the Fly: Analyst Initiation Summary
Today’s noteworthy initiations include: CTC Media (CTCM) initiated with an Underweight at Barclays... Emerson (EMR) initiated with an Outperform at RBC Capital... Garmin (GRMN) initiated with an Outperform at William Blair... Lehigh Gas (LGP) initiated with a Perform at Oppenheimer... Neptune Technologies (NEPT) initiated with an Outperform at JMP Securities... Parker-Hannifin (PH) initiated with a Sector Perform at RBC Capital... Triumph Group (TGI) initiated with an Outperform at Wells Fargo... Yandex (YNDX) initiated with an Overweight at Barclays... XPO Logistics (XPO) initiated with a Buy at Sidoti... Abbott (ABT) initiated with a Buy at Stifel Nicolaus.
News For CTCM;GRMN;LGP;EMR;NEPT;PH;TGI;YNDX;XPO;ABT From The Last 14 Days
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December 15, 2014
07:01 EDTEMRRegal-Beloit to acquire Emerson PTS business for about $1.4B
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December 14, 2014
14:11 EDTEMREmerson near deal to sell business unit to Regal-Beloit, WSJ says
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December 12, 2014
11:19 EDTABTAbbott board increases quarterly dividend to 24c from 22c
The board of Abbott increased the company's quarterly common dividend to 24c per share from 22c per share. The cash dividend is payable Feb. 13, 2015, to shareholders of record at the close of business on Jan. 15, 2015.
09:33 EDTEMREmerson downgraded to Hold from Buy at Deutsche Bank
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December 11, 2014
10:17 EDTYNDXCiti upbeat on Google in face of pending Apple decision on Safari
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10:13 EDTXPOOn The Fly: Analyst Initiation Summary
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07:30 EDTTGIDA Davidson to hold a conference
6th Annual Aerospace & Industrials 1:1 Conference is being held in Boston on December 11.
06:30 EDTXPOXPO Logistics initiated with an Outperform at Macquarie
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05:24 EDTABTAbbott IRIDICA now available in Europe
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December 10, 2014
09:22 EDTTGITriumph Group deal 'highly favorable,' says DA Davidson
After Triumph Group (TGI) announced that it would be taking over the production of the G650 and G280 wing programs from Spirit AeroSystems (SPR), DA Davidson thinks the deal is "highly favorable" for Triumph. The firm says that Triumph acquired two programs that have been at the top of its radar for some time, received enough cash to cover initial cash flows, and still has considerable room to make further acquisitions. DA Davidson keeps a Buy rating on Triumph.
07:24 EDTTGISpirit AeroSystems, Triumph Group deal a win-win transaction, says Wells Fargo
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December 9, 2014
12:38 EDTTGIBoeing 747 production rate cut not surprising, says Wells Fargo
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07:46 EDTTGITriumph Group to host a conference call
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07:31 EDTTGITriumph to take over production of Gulfstream G650, G280 wing programs in Tulsa
Triumph Group (TGI) announced the signing of a definitive agreement with Spirit AeroSystems Holdings (SPR) which Triumph will take over production of the Gulfstream G650 and G280 wing programs located in Tulsa, Oklahoma. The transaction is targeted to close by calendar year end, subject to customary closing conditions. Under the terms of the agreement, Triumph will receive $160M in cash plus assets required to run the business from Spirit to cover the anticipated future cash flow needs of the programs, with no additional capital contributions expected by Triumph. The company expects the programs to be initially cash flow negative, with operating cash requirements anticipated to decrease over the first three years and becoming cash flow positive in year four. The business will be included in the Aerostructures Group segment and is expected to add approximately $250M in annual revenue and to be immediately accretive to Triumph’s earnings per share upon closing, reflecting initial estimates of purchase accounting adjustments and excluding synergies resulting from the transaction and transaction related expenses. Upon the close of the transaction, production will continue out of Spirit’s Tulsa facility and Triumph will look to utilize its manufacturing experience, resources and wing design engineering capabilities as appropriate to supplement the Tulsa operations. The company will focus on optimizing the build process and cost structure of the programs, and has identified opportunities for engineering, supply chain and labor enhancements.
06:40 EDTYNDXYandex to acquire Sovetnik, terms not disclosed, TechCrunch reports
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06:22 EDTTGIBoeing sees strong demand for commercial airplanes in 2015
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December 8, 2014
10:00 EDTYNDXOn The Fly: Analyst Downgrade Summary
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07:42 EDTYNDXYandex downgraded to Neutral from Buy at UBS
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December 4, 2014
07:13 EDTPHParker Aerospace signs long-term agreement with Singapore Airlines
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07:06 EDTXPOLambert Edwards to hold a conference
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