New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 15, 2014
05:25 EDTCLX, CL, EL, KMB, PG, ENR, CHDHPC sector upgraded to Neutral from Cautious at Goldman
Goldman upgraded its rating on the Home and Personal Care sector to Neutral from Cautious citing the recent pullback in shares. Goldman upgraded Estee Lauder (EL) to Conviction Buy from Buy. It has a Buy rating on Church & Dwight (CHD), Neutral ratings on Procter & Gamble (PG), Colgate-Palmolive (CL) and Energizer (ENR), an Sell ratings on Kimberly Clark (KMB) and Clorox (CLX).
News For EL;CHD;PG;CL;ENR;KMB;CLX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
November 13, 2014
14:26 EDTKMBKimberly Clark announces new $5B share repurchase plan
Subscribe for More Information
12:44 EDTPGOn The Fly: Midday Wrap
Subscribe for More Information
09:47 EDTENREnergizer up 4% to $129.81 after Berkshire buys peer Duracell
Subscribe for More Information
08:40 EDTPGProcter & Gamble says top line comps are more difficult in Q2 vs 2H15
Subscribe for More Information
07:44 EDTPGProcter & Gamble to restate Batteries results to discontinued operations
Subscribe for More Information
07:44 EDTPGP&G to incur non-cash charge of approx. 28c per share in current quarter
07:42 EDTPGProcter & Gamble sees FY15 core EPS growth mid-single digits
Subscribe for More Information
07:41 EDTPGProcter and Gamble volatility flat into Berkshire Hathaway acquiring Duracell
Procter and Gamble (PG) overall option implied volatility of 13 is near its 26-week average of 14 according to Track Data, suggesting non-directional price movement into Berkshire Hathaway Inc. (BRK.B) acquiring the Duracell battery business from Procter & Gamble in deal valued at approximately $6.4B.
07:40 EDTPGProcter & Gamble reiterates FY15 organic sales, core EPS growth guidance
Subscribe for More Information
07:40 EDTPGProcter & Gamble sees clsoing Duracell transaction in 2H15
Following its prior announcement of plans to exit the Duracell business, P&G (PG) said it now plans to execute a split transaction, in which it will exchange a recapitalized Duracell Company for Berkshire Hathaway’s (BRK.A) shares of P&G stock. Berkshire’s stock ownership is currently valued at approximately $4.7 billion. P&G said it expects to contribute approximately $1.8 billion in cash to the Duracell Company in the pre-transaction recapitalization. P&G said the transaction maximizes the after-tax value of the Duracell business and is tax efficient for P&G. The value received for Duracell in the exchange is approximately 7-times fiscal year 2014 adjusted EBITDA. This equates to a cash sale valued at approximately 9-times adjusted EBITDA. As part of the exit of the battery business, P&G announced that it closed the sale of its interest in a China-based battery joint venture earlier in the week. Based on the signing of the contract to exit the Duracell business, P&G will restate Batteries results to discontinued operations effective with the reporting of October-December 2014 quarterly results. The Company expects to restate earnings per share of approximately 12c-14c to discontinued operations for fiscal year 2014. All-in GAAP earnings per share are not affected by the restatements. P&G said it will incur a non-core, non-cash charge of approximately 28c per share in current quarter results to adjust Duracell goodwill and intangible assets to the expected after-tax transaction value. P&G expects to finalize the restatement and one-time charge amounts in the next few weeks, and will update shareholders when final amounts are available. P&G said it expects to close the Duracell transaction in the second half of calendar year 2015 pending necessary regulatory approvals.
07:31 EDTPGBerkshire Hathaway to acquire Procter & Gamble's Duracell battery business
Subscribe for More Information
07:30 EDTPGBerkshire Hathaway to acquire Procter & Gamble's Duracell battery business
Subscribe for More Information
November 12, 2014
08:14 EDTENREnergizer sees FY15 total organic net sales to be flat
Subscribe for More Information
08:13 EDTENREnergizer: Q4 restructuring savings increased $32M vs prior quarter
Restructuring savings in the fourth fiscal quarter increased approximately $32M versus the prior year quarter. The primary impacts of savings were reflected in improved gross margin in Household Products and lower overhead expenses. Project-to-date savings total approximately $255M. The company expects to achieve $300M of savings prior to the anticipated closing of the planned spin-off transaction. Estimated total project savings have been increased to $330M through fiscal 2016. Restructuring related charges for the fourth fiscal quarter were $21.8M. Total project-to-date costs are approximately $260M. Total project restructuring costs are projected to be approximately $350M. As announced on April 30, 2014, the company is pursuing a plan to spin-off the Household Products business and thereby create two independent, publicly traded companies. As a result, the company is incurring incremental costs to evaluate, plan and execute the transaction. For the fourth fiscal 2014 quarter, $37.7M of pre-tax charges were incurred. Total spin-off transaction costs have totaled approximately $45M in fiscal 2014. The company will incur additional costs to execute the transaction and expects these costs to be material.
08:12 EDTENREnergizer reports Q4 Personal Care net sales up 10.5% to $654.7M
Reports Q4 Personal Care organic net sales down 0.6%; Reports Q4 Household Products net sales up 2.8% to $486.7M; Reports Q4 Household Products organic net sales up 4%.
08:11 EDTENREnergizer expects to continue positive momentum in restructuring efforts in 2015
Subscribe for More Information
08:11 EDTENREnergizer reports Q4 adjusted EPS $1.87, consensus $1.61
Subscribe for More Information
November 11, 2014
15:25 EDTENRNotable companies reporting before tomorrow's open
Subscribe for More Information
November 10, 2014
15:57 EDTCLXWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
13:56 EDTPGProcter & Gamble to host analyst meeting
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use