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Stock Market & Financial Investment News

News For EGHT;PAA;QLGC;CTRP;PII From The Last 14 Days
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December 18, 2014
09:09 EDTEGHT8x8, Inc. issued new conferencing and meeting patent by USPTO
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05:17 EDTPAAPlains All American announces normal course issuer bid
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December 17, 2014
10:02 EDTQLGCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Google (GOOG) upgraded to Buy from Hold at Pivotal Research... Twitter (TWTR) upgraded to Buy from Hold at Pivotal Research... Aaron's (AAN) upgraded to Buy from Hold at KeyBanc... Calpine (CPN) upgraded to Buy from Hold at Deutsche Bank... Check Point (CHKP) upgraded to Buy from Hold at Deutsche Bank... Columbia Sportswear (COLM) upgraded to Buy from Neutral at Goldman... Dakota Plains Holdings (DAKP) upgraded to Buy from Hold at Canaccord... SunCoke Energy (SXC) upgraded to Outperform from Neutral at Credit Suisse... Taylor Morrison (TMHC) upgraded to Buy from Hold at Evercore ISI... Teck Resources (TCK) upgraded to Buy from Neutral at UBS... VeriFone (PAY) upgraded to Overweight from Equal Weight at Barclays... Motorola Solutions (MSI) upgraded to Buy from Hold at Argus... Approach Resources (AREX) upgraded to Neutral from Reduce at Global Hunter... HealthSouth (HLS) upgraded to Outperform from Market Perform at Raymond James... QLogic (QLGC) upgraded to Overweight from Equal Weight at Morgan Stanley... Baker Hughes (BHI) upgraded to Focus List from Outperform at Howard Weil... Kansas City Southern (KSU) upgraded to Overweight from Equal Weight at Stephens... BlackBerry (BBRY) upgraded to Buy from Hold at BGC Financial.
08:25 EDTQLGCQLogic upgraded to Overweight from Equal Weight at Morgan Stanley
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07:33 EDTPIIW.P. Carey acquires $29.5M industrial and distribution facility leased to Polaris
W. P. Carey (WPC) has acquired a newly-constructed, approximately 362,000 square-foot, light-industrial and distribution center in Opole, Poland for $29.5M leased to Polaris Industries (PII). The facility will serve as Polaris' primary European assembly and distribution center. The net lease will be for an initial 15-year term and include CPI-based rent growth.
December 15, 2014
05:38 EDTCTRPTuniu announces $148M investment in aggregate from group of investors
Tuniu (TOUR) announced that it has entered into a share subscription agreement with Unicorn Riches Limited, a special purpose vehicle of Hony Capital, JD.com E-commerceHong Kong Corporation Limited, a special purpose vehicle of JD.com (JD), Ctrip Investment Holding, a subsidiary of Ctrip.com (CTRP) and the respective personal holding companies of Tuniu's CEO and COO, pursuant to which Tuniu will issue and sell a total of $148M newly issued class A ordinary shares to the investors. Pursuant to the agreement, Unicorn Riches Limited, JD.com E-commerce Hong Kong Corporation Limited, Ctrip Investment Holding and the personal holding companies of Dunde Yu, Tuniu's chairman of the board and CEO, and Haifeng Yan, Tuniu's director and COO, agree to subscribe newly issued Class A ordinary shares of the company in the amount of $50M, $50M, $15M, $16.5M and $16.5M, respectively. The purchase price will be $4.02 per ordinary share, or the equivalent of $12.06 per ADS. The purchase price represents the average closing trading prices of the company's ADSs for the ten trading days prior to the signing of the agreement, adjusted for ADS-to-ordinary share ratio, and represents a small premium over the average of ADS closing trading prices in the last five trading days. This share issuance is made in reliance on, and in compliance with, Regulation S under the Securities Act of 1933, as amended. Each of the investors has agreed not to sell, transfer or dispose of any shares acquired in the transaction for six months after the closing. In addition, the company also announced that it has decided not to pursue its proposed registered public offering of ADSs and will withdraw the related registration statement on Form F-1 previously filed with the SEC on December 2.
December 12, 2014
10:01 EDTPIIOn The Fly: Analyst Initiation Summary
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December 11, 2014
16:11 EDTPIIPolaris Industries initiated with an Outperform at Wedbush
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December 10, 2014
05:35 EDTCTRPTuniu, Ctrip.com sign strategic collaboration agreement
Tuniu (TOUR) announced that the company has signed a strategic agreement with Ctrip.com (CTRIP) to expand their collaboration on shared travel resources. In May, Ctrip acquired $15M of Tuniu Class A ordinary shares concurrent with Tuniu's IPO and currently owns over 3% of Tuniu's outstanding shares.

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