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News Breaks | | | | February 7, 2013 | | 06:07 EDT |  | DELL, MHP, FIATY, SAN, BA, GS, MTU, MFG, SMFG | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The $24.4B deal to take Dell (DELL) private shows what is possible in the leveraged-buyout market but doesn't necessarily portend a return of the megadeals popular before the financial crisis. The deal has components that are unusual and will make its size difficult to replicate, bankers, private-equity executives and analysts said, the Wall Street Journal reports...Standard & Poor's Ratings Services (MHP) could face a bigger bill than the $5B sought by the federal government as more states join the battle against the credit-ratings firm, the Wall Street Journal reports...REUTERS: Chrysler Group (FIATY) agreed to make Banco Santander's (SAN) U.S. arm its preferred lender for auto loans to broaden the financing it can offer its buyers and dealers, Reuters reports...Boeing (BA) said contract talks with India for military helicopters will be unaffected by planned budget cuts, after the country's defense minister said spending on arms would be tightened, Reuters reports...BLOOMBERG: Sovereign wealth funds which pushed their real estate deal making to a record last year, are set to extend their buying spree as they seek alternatives to low-yielding bonds and volatile stocks. The funds made 38 property investments valued at almost $10B in 2012, Bloomberg reports...Japan’s major banks (MTU, MFG, SMFG) are following Goldman Sachs (GS) into domestic solar-power projects, anticipating an eightfold increase for investments in the industry. The banks expect the market to be worth as much as $19B over the next three years, Bloomberg reports. | |
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News For DELL;MHP;FIATY;SAN;BA;GS;MTU;MFG;SMFG From The Last 14 Days Check below for free stories on DELL;MHP;FIATY;SAN;BA;GS;MTU;MFG;SMFG the last two weeks. |
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| May 24, 2013 | | 06:22 EDT | | DELL | Icahn hired Jefferies to help fund Dell deal, NY Post reports
 Subscribe for More Information | | | 05:56 EDT | | GS | Goldman Sachs imposes checks on conflicts to help restore image, Reuters says
Subscribe for More Information | | | May 23, 2013 | | 19:33 EDT | | DELL | Icahn, Southeastern engage banks on financing for Dell deal, Reuters says
Subscribe for More Information | | | 16:23 EDT |  | MTU | On The Fly: Closing Wrap
Subscribe for More Information | | | 12:38 EDT | | MTU | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:08 EDT |  | BA | Boeing reports 107 new orders in weekly update
Subscribe for More Information | | | 07:55 EDT |  | BA | Boeing price target raised to $120 from $100 at BofA/Merrill
BofA/Merrill raised Boeing's price target to reflect higher delivery forecasts for the 737 and 787. Shares are Buy rated. | | | 06:29 EDT | | BA | Software firm Luxoft files for IPO in New York, Bloomberg reports
Subscribe for More Information | | | 06:07 EDT | | MTU | Bank of Ayudhya denies report of Mitsubishi UFJ offer for GE stake, Reuters says
Subscribe for More Information | | | 05:51 EDT | | BA | China approves commercial service for Boeing 787 Dreamliner, WSJ reports
China's aviation regulator gave approval for Boeing's 787 Dreamliner aircraft to begin commercial service with the nation's airlines, sources say, reports the Wall Street Journal. Reference Link | | | | 05:43 EDT | | BA | Boeing price target raised to $120 from $105 at Deutsche Bank
Subscribe for More Information | | | May 22, 2013 | | 16:25 EDT | | GS | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 14:29 EDT |  | GS | Goldman Sachs volatility near low end of historic range
Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement. | | | 13:07 EDT | | GS | KKR weighs Saks investment, may push Neiman Marcus merger, Bloomberg says
KKR (KKR) is considering an investment in Saks (SKS) and may push Saks to pursue a merger with Neiman Marcus, reports Bloomberg, citing people with knowledge of the matter. Saks shares are up $2.25, or 16.46%, to $15.92 after reports last night said the company retained Goldman Sachs (GS) to explore strategic alternatives, including a possible sale. Reference Link | | | 11:06 EDT | | FIATY | Auto industry rallies after Ford, Chrysler curtail summer breaks
Shares of Ford (F), Fiat (FIATY) and GM (GM) are climbing after Ford and Fiat's Chrysler subsidiary announced that they would curtail their factories' traditional two week summer hiatus. Shares of a number of auto parts makers are also advancing following the news. WHAT'S NEW: Ford said it would idle some of its plants for only one week this summer, down from the usual two weeks. Chrysler reported that it would keep three of its assembly plants open all summer, while four of its plants will close for just one week and almost all of its engine, transmission and stamping plants will not take any breaks, according to Automotive News. GM did not disclose its specific plans, the website added. TODAY'S PRICE ACTION: In mid-morning trading, Ford climbed 1.7% to $15.20, Fiat added 0.9% to $7.05, and GM rose 0.8% to $33.65. Among auto parts makers, American Axle (AXL) advanced 1.6% to $17, Johnson Controls (JCI) climbed 0.8% to $37.85, and Dana Holding (DAN) rose 1.2% to $18.80. | | | 09:02 EDT | | GS | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. | | | 08:43 EDT | | BA | Boeing sees $6.9T commercial airplane market opportunity over 20 years
Subscribe for More Information | | | 08:38 EDT |  | BA | Boeing affirms view of FY13 core EPS $6.10-$6.30, consensus $6.48
Repeats forecast for FY13 revenue $82B-$85B, consensus $83.86B. Says focused on additional 737 and 787 rate breaks, with expectations for rate increases to drive financial performance. Information from slides for Annual Investor Conference. | | | 07:39 EDT |  | BA | Wolfe Trahan to host a conference
Subscribe for More Information | | | 07:24 EDT | | DELL | NetEvents International to host a summit
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