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Stock Market & Financial Investment News

News Breaks
February 13, 2013
05:55 EDTDISCA, DISCA, APA, APA, PPL, PPL, DTV, DTV, DVA, DVA, BWA, BWA, ALXN, ALXN, WM, WM, VMC, VMC, TAP, TAP, PEP, PEP, EOG, EOGCompanies reporting Before the Market Open on Thursday, February 14th
Notable companies reporting before the opening bell include Alexion (ALXN), Apache (APA), BorgWarner (BWA), DaVita (DVA), DirecTV (DTV), Discovery (DISCA), EOG Resources (EOG), Molson Coors (TAP), PepsiCo (PEP), PPL Corp. (PPL), Vulcan Materials (VMC) and Waste Management (WM).
News For DISCA;PEP;TAP;VMC;WM;ALXN;BWA;DVA;DTV;PPL;APA;EOG From The Last 14 Days
Check below for free stories on DISCA;PEP;TAP;VMC;WM;ALXN;BWA;DVA;DTV;PPL;APA;EOG the last two weeks.
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May 23, 2013
10:18 EDTDTVDirecTV downgraded to Hold from Buy at Standpoint Research
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08:26 EDTBWABofA/Merrill's automotive analyst holds an Analyst/Industry conference call
Automotive & Auto Parts Analyst Murphy, along with Dave Andrea of the Original Equipment Suppliers Association, discusses results of the latest OESA's Automotive Supplier Baromter Survey and investment implications for the automotive supply chain on an Analyst/Industry conference call. Relevant covered companies MGA, BWA, DLPH, TEN and DAN may be included on the Analyst/Industry conference call to be held on May 24 at 10 am.
07:11 EDTDISCADiscovery testing online video network, WSJ reports
Discovery Communications is today launching its first online video network, with original series available free, hoping to capture younger viewers harder to reach through traditional TV, reports the Wall Street Journal.Reference Link
06:08 EDTDISCAOn the Fly: Periodicals Wrap-Up
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May 22, 2013
19:07 EDTDTVCable companies not thrilled with channel rebrandings, Bloomberg says
Cable companies, including DirecTV (DTV) and Time Warner Cable (TWC), are not thrilled with the rebranding of low-rated channels, complaining they have no control over the changes and are wary networks will demand more money for unproven shows, reports Bloomberg. Reference Link
10:00 EDTPEPOn The Fly: Analyst Initiation SummaryDr Pepper Snapple Popular
Today's noteworthy initiations include: Chart Industries (GTLS) initiated with an Outperform at Raymond James... Coca-Cola (KO) initiated with a Market Perform at BMO Capital... Cott Corp. (COT) initiated with a Market Perform at BMO Capital... Dr Pepper Snapple (DPS) initiated with a Market Perform at BMO Capital... Galena Biopharma (GALE) initiated with an Outperform at JMP Securities... Monster Beverage (MNST) initiated with an Outperform at BMO Capital... PepsiCo (PEP) initiated with an Outperform at BMO Capital... Popular (BPOP) initiated with an Outperform at Wells Fargo... Central Pacific (CPF) initiated with an Outperform at Raymond James.
07:30 EDTAPAUBS to host a conference
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06:27 EDTPEPPepsiCo initiated with an Outperform at BMO Capital
Target $92.
May 20, 2013
15:35 EDTPPLU.S. Supreme Court rules for PPL in foreign tax case
By a unanimous 9-0 decision, the U.S. Supreme Court overturned a federal appeals court ruling on that had denied PPL's claim of a credit against its U.S. income taxes for a "windfall tax" paid to the government of the United Kingdom. In the decision, the Supreme Court ruled that "the economic substance of the U.K. windfall tax is that of a U.S. income tax ... therefore the tax is creditable... We agree with PPL and conclude that the predominant character of the windfall tax is that of an excess profits tax, a category of income tax in the U.S. sense," the court wrote in its opinion. "The U.S. tax code allows companies to claim a credit for payment of foreign taxes that are similar in substance to U.S. income taxes. We have held throughout the process that because the U.K. windfall tax was based on income, it should therefore be creditable against our U.S. income taxes. We are pleased not only that the Supreme Court agreed, but that the agreement was unanimous," said Robert Grey, PPL executive vice president, general counsel and secretary.
12:59 EDTPPLRuling on PPL may have positive read-through for other utilities, Reuters says
The Supreme Court ruled PPL (PPL) can claim $39M in U.S. foreign tax credits against a 1997 British windfall tax and other utility companies, like Entergy (ETR) and American Electric Power (AEP), are in the same position, having been hit by the windfall tax after they acquired British utility companies that were later privatized, reported Reuters. Reference Link
12:57 EDTPPLSupreme court rules in favor of PPL on foreign tax credits
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10:43 EDTPEPPepsiCo to open plant in Afghanistan next year, Reuters reports
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07:45 EDTWMWunderlich Securities to hsot a summit
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07:41 EDTAPAMitsubishi UFJ Securities to host an energy tour
May Energy Tour travels throughout the Houston and San Antonio area on May 20-23.
May 19, 2013
13:00 EDTAPAEnergy Departmant authorizes second proposed facility to export LNG
The Energy Department announced on Friday that it has conditionally authorized Freeport LNG Expansion, and FLNG Liquefaction, Freeport, to export domestically produced liquefied natural gas, LNG, to countries that do not have a Free Trade Agreement, FTA, with the United States from the Freeport LNG Terminal on Quintana Island, Texas. Freeport previously received approval to export LNG from this facility to FTA countries on February 10, 2011. Subject to environmental review and final regulatory approval, the facility is conditionally authorized to export at a rate of up to 1.4 billion cubic feet of natural gas a day, Bcf/d, for a period of 20 years. The Department granted the first authorization to export LNG to non-FTA countries in May 2011 for the Sabine Pass LNG Terminal in Cameron Parish, Louisiana at a rate of up to 2.2 Bcf/d. Reference Link
May 17, 2013
15:51 EDTDTVDirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link
15:26 EDTDTVDirecTV considering acquisition of Hulu, Dow Jones reports
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May 16, 2013
16:08 EDTDTVUniTek Global provides update on master services agreement with DirecTV
UniTek Global (UNTK) announced that its subsidiary, DirectSat USA, has received a letter from DirecTV (DTV) providing 180-day notice of the termination of its master services agreement with DirectSat, effective November 8, 2013. Shortly following receipt of the notice, DirectSat entered into an agreement with DirecTV providing that the 180-day notice of termination will be automatically withdrawn upon the company's refinancing, by July 31, of its debt on terms that satisfy certain financial requirements, the continued work on completion of its financial statements and the satisfaction of other conditions. DirecTV has informed the company that it intends to continue working with the company as UniTek addresses the issues it currently faces related to the previously disclosed accounting matters.
10:03 EDTTAPOn The Fly: Analyst Upgrade Summary
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07:29 EDTTAPMolson Coors upgraded to Buy from Hold at Stifel
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