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Stock Market & Financial Investment News

News Breaks
August 30, 2012
16:24 EDTZLC, CG, FSLR, VR, DD, CIEN, FSROn The Fly: Closing Wrap
Stocks on Wall Street were lower in another day of sluggish trading prior to the holiday weekend. Stock futures were negative in early trading, leading to a lower open for the broader market. The market generally ignored the flat economic reports, including the personal spending and income reports and the jobless claims data. The averages remained in a narrow range for the first hour of trading but then moved another leg lower, where they remained for most of the session, before another downdraft into the close. The news flow was light, as was the volume, as investors have not traded with great conviction this week ahead of Labor Day... ECONOMIC EVENTS: Domestically, 374,000 initial jobless claims were reported, versus the expected 370,000. Personal income rose 0.3% during the month of July, which matched expectations, while personal spending was up 0.4%, versus expectations for an increase of 0.5%... COMPANY NEWS: DuPont (DD) agreed to sell its Performance Coatings business to Carlyle Group (CG) for $4.9B... MAJOR MOVERS: Among the notable gainers were Flagstone Reinsurance (FSR), up $1.54, or 21.81%, to $8.60, after agreeing to be acquired by Validus (VR) in a cash and stock deal, and Zale (ZLC), up 70c, or 16.17%, to $5.03, as it was upgraded to a Buy rating at Northcoast and continued yesterday's move higher after earnings. Noteworthy losers included Ciena (CIEN), down $3.26, or 19.50%, to $13.46, following its disappointing Q3 results and Q4 guidance, and First Solar (FSLR), down $4.50, or 18.60%, to $19.70, though Avian said the sell-off in shares related to a Bloomberg story about a halt of panel deliveries at the Agua Caliente project was overdone since the information was not new... INDICES: The Dow lost 106.77, or 0.81%, to 13,000.71; the Nasdaq fell 32.48, or 1.05%, to 3,048.71; and the S&P 500 dropped 11.01, or 0.78%, to 1,399.48.
News For DD;CG;FSR;VR;ZLC;CIEN;FSLR From The Last 14 Days
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April 21, 2015
06:06 EDTDDDuPont sees FY15 EPS at low end of $4.00-$4.20, consensus $4.05
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06:04 EDTDDDuPont reports Q1 EPS $1.34, consensus $1.31
Reports Q1 revenue $9.17B, consensus $9.41B.
06:02 EDTDDDuPont raises Q2 dividend to 49c per share from 47c per share
DuPont declared a Q2 common stock dividend of 49c per share payable June 12, to stockholders of record May 15. This represents a 4% increase over the 47c paid last quarter. The dividend is payable July 24, to stockholders of record July 10.
April 20, 2015
15:37 EDTDDNotable companies reporting before tomorrow's open
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15:03 EDTDDDuPont technical comments before earnings
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April 19, 2015
17:52 EDTCGCarlyle Group liquidating two mutual funds, Reuters says
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April 17, 2015
13:02 EDTFSLRSouthern Company announces five solar projects in three states
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11:38 EDTDDCelanese hits new 52-week high after raising FY15 profit outlook
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April 16, 2015
12:38 EDTDDDuPont solicits bids for Delaware hotel, country club, Bloomberg says
DuPont has begun soliciting bids for its Hotel DuPont and DuPont Country Club in Wilmington, Delaware, reports Bloomberg, citing a person familiar with the auction. The move would dovetail with the wishes of Nelson Peltz' Trian Fund Management, which claims the company should be broken up due to $4B in excess costs. Reference Link
09:05 EDTFSLRSouthern Company subsidiary acquires California solar project
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08:24 EDTDDDuPont sends letter to shareholders, urging vote FOR DuPont's 12 directors
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06:05 EDTCGFormer Wal-Mart CEO Duke heads to Carlyle Group, WSJ reports
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April 15, 2015
07:46 EDTCIENEricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
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06:52 EDTFSLRJapanese judge blocks relaunch of nuclear plants, NY Times says
A Japanese judge yesterday blocked the country's government from restarting two nuclear power plants, according to The New York Times. None of Japan's 48 reactors has been operating since the Fukushima disaster, and the judge's decision is potentially significant because it directly challenges the government's new nuclear safety standards, the newspaper stated, adding that the two affected reactors may not reopen for months or even years. Cameco (CCJ) develops uranium used by nuclear plants. Solar energy companies whose products may be used to supplement nuclear power in Japan include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
April 14, 2015
13:02 EDTCGFly Watch: Analyst expects strong Q1 results from private equity firms
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11:55 EDTCIENCommunication equipment stocks active after potential Nokia-Alcatel deal
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07:58 EDTDDDuPont CEO says Peltz wrongly focusing on short-term, WSJ reports
In an interview with The Wall Street Journal, DuPont CEO Ellen Kullman argued that Trian Fund Management's Nelson Peltz is pushing a short-term agenda, stating “Can you cut costs and create a bump short-term? Yes, but where are you going to be in two years, in five years? Do you exist in 10?” Kullman added that Trian lacks the expertise and the patience needed to guide a company whose products may require a decade or more to launch, the Journal added. Reference Link
April 13, 2015
13:59 EDTFSLRChina looking to deploy solar power station in space, Business Insider says
China intends to deploy a solar power station in space in 2020, according to Business Insider. Expected to orbit Earth, the station is supposed to utilize over six square kilometers of solar panels, the website stated. However, a few logistical problems must be solved, including the fact that current rockets do not have nearly enough power to propel a station of that magnitude into space, Business Insider added. Publicly traded Chinese solar companies include Canadian Solar (CSIQ), JA Solar (JASO), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
09:53 EDTDDTrian's Garden says 'very confident' in winning DuPont board seats
Ed Garden, Chief Investment Officer of Trian Partners, is speaking on CNBC.
09:52 EDTDDTrian's Garden says something wrong with DuPont R&D spending
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