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Stock Market & Financial Investment News

News Breaks
November 29, 2012
07:57 EDTDOW, AKZOY, TX, GE, MT, LYB, MMM, DD, SI, EMNEU groups warn on rising gap in energy costs with U.S. rivals, FT says
Two leading European business groups, Orgalime and Ceemet, say the EUís focus on driving renewable energy use has led to sharp increases in energy costs in Europe, while the U.S. has benefited from the shale gas revolution, driving a growing gap in energy costs that endangers all EU industries, according to Financial Times. Reference Link
News For DOW;SI;DD;MMM;LYB;MT;GE;TX;AKZOY;EMN From The Last 14 Days
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October 13, 2014
09:01 EDTGEGE Capital Aviation to acquire Milestone Aviation for $1.775B
GE Capital Aviation Services, the aircraft leasing unit of GE, announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775B. The acquisition is in line with GE Capitalís strategic plan of growing and enhancing value in core areas aligned with GEís industrial domains including energy, aviation, oil & gas and healthcare, while reducing the overall size of GE Capital through the disposition of non-strategic assets such as the recently executed IPO and planned split-off of our North American Retail Finance business and the sale of our consumer banks in the Nordics. The transaction remains subject to customary closing conditions, including regulatory approvals, and is targeted to close in 2015. Richard T. Santulli, chairman and CEO, Milestone Aviation Group, will serve as chairman of the helicopter leasing business and will become an officer of GE.
07:45 EDTEMNU.S. chemical company declines an overreaction to macro outlook, says UBS
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07:15 EDTDOWNational Association of Corporate Directors to hold a conference
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October 12, 2014
17:41 EDTGEGeneral Electric could return 25%, Barron's says
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17:20 EDTGEGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 10, 2014
18:05 EDTGEGeneral Electric negotiating deal to buy Milestone Aviation, WSJ reports
General Electric's finance unit is negotiating a deal to acquire Milestone Aviation Group, and the purchase price could be more than $2.5B, The Wall Street Journal reports, citing people familiar with the matter. Reference Link
12:05 EDTDDUSDA raises U.S. corn production estimate to 14.475B
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10:01 EDTDDOn The Fly: Analyst Upgrade Summary
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07:25 EDTGEGE CEO to continue shedding divisions in FY15, Bloomberg says
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07:21 EDTGEGE expects data division to exceed $1B in sales this year, Reuters says
GE CEO Jeff Immelt said that the company was en route to gross over $1B in sales from its industrial data-analysis division in FY14, and is looking to broaden the availability of its software platform in FY15, according to Reuters, citing comments from Immelt. Reference Link
05:43 EDTDDDuPont upgraded to Buy from Hold at Jefferies
Jefferies upgraded DuPont to Buy citing the pullback in shares and its belief the company's capital return program should sustain low-teens earnings growth. The firm raised its price target for shares to $84 from $72.
October 9, 2014
10:00 EDTLYB, DOW, DDOn The Fly: Analyst Initiation Summary
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09:33 EDTGEGE, Verizon announce alliance
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07:54 EDTGEGeneral Electric to hold a meeting
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07:20 EDTDDArchitectural Record to hold a conference
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06:22 EDTGECFM launches next phase of testing for LEAP engine
CFM International's LEAP engine took the skies for the first time on October 6 on a modified 747 flying testbed at GE Aviation Flight Test Operations in Victorville, California, launching the next phase of testing for the advanced engine program. The engine behaved well and completed multiple aeromechnical test points at various altitudes during the nearly three-hour first flight. Over the next several weeks, the engine will complete a comprehensive test schedule that will gauge engine operability, stall margin, performance, and acoustics. The LEAP-1A/-1C variants are on track for engine certification in 2015. The total program, which encompasses all three LEAP engine variants, includes 28 ground and CFM flight test engines, along with a total of 32 flight test engines for Airbus (EADSY), Boeing (BA), and COMAC. Although all three LEAP engine variants will fly on the modified testbed, the configuration currently being tested is a fully integrated propulsion system. CFM is a joint venture between GE (GE) and France's Safran. Reference Link
October 8, 2014
16:29 EDTDD, DOW, LYBU.S. Chemicals sector initiated with an Overweight at RBC Capital
RBC Capital started the U.S. Chemicals sector with an Overweight rating citing the growth of shale gas. The firm lists ethylene stocks LyondellBasell (LYB), Westlake Chemical (WLK) and Dow Chemical (DOW) its top picks in the space. RBC views coatings stocks as good ways to play the pending recovery in construction, and has Outperform ratings on Sherwin-Williams (SHW) and PPG Industries (PPG). RBC put its only Underperform rating in the sector on Axiall (AXLL), citing the company's short ethylene position and leverage to single-family housing.
16:20 EDTDDDuPont initiated with a Sector Perform at RBC Capital
Target $71.
16:19 EDTDOWDow Chemical initiated with an Outperform at RBC Capital
Target $66.
16:19 EDTLYBLyondellBasell initiated with a Top Pick at RBC Capital
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