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Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:24 EDTENTG, DELL, AMKR, FSL, FTR, WIN, MSCC, ST, LVLT, GS, I, TMUSGoldman to hold a conference
Leveraged Finance Conference is being held in New York on March 19.
News For ENTG;I;GS;LVLT;ST;MSCC;WIN;FTR;FSL;AMKR;DELL;TMUS From The Last 14 Days
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August 20, 2014
10:41 EDTFSLInfineon not buying Fairchild or Fairchild, Reuters reports
A source said Infineon (IFNNY) is not buying Fairchild (FCS) or Freescale (FSL) and declined to comment on other potential takeover candidates, Reuters reports. Infineon is seeking to acquire a U.S.-based semiconductor company for about $2B, Reuters and Bloomberg reported today, citing sources. Semtech (SMTC) was listed by Bloomberg as a potential target for Infineon along with Fairchild and Freescale. Reference Link
10:32 EDTGSGoldman to up U.S. junior employees FY15 salaries by 20%, Bloomberg says
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07:25 EDTFSLFairchild jumps 5% after Bloomberg says Infineon near deal
Shares of Fairchild Semiconductor (FCS) are rallying 5% in pre-market trading to $16.75 after Bloomberg reported that Infineon (IFNNY) is near a deal to buy a U.S. chipmaker for around $2B. Bloomberg listed Fairchild, Semtech (SMTC) and Freescale (FSL) as potential takeover targets in the semiconductor space. The news agency said Infineon could announce an acquisition as early as today.
06:59 EDTTMUSCox president says not going public, not desiring T-Mobile deal, Reuters says
The president of Cox Communications, Pat Esser, said that the firm is not intent on completing a merger deal with T-Mobile (TMUS) or with any cable provider competitors, which eliminates any rumors surrounding the private firm, according to Reuters, citing comments from Esser. Esser noted that Cox does not have any desire to become a publically traded company at the moment. Reference Link
06:36 EDTTMUSIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
August 19, 2014
17:03 EDTWINWindstream COO Brent Whittington is resigning effective Sept. 1
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06:34 EDTGSGoldman abandons effort to toss out $1B Gaddafi suit, Telegraph says
Goldman Sachs (GS) abandoned its effort to toss out a London court suit from the Libyan Investment Authority who alleged that the bank lost over $1B worth of funds during the final years of Muammar Gaddafi's reign as dictator, according to the Telegraph, citing comments from the LIA. The LIA sued both Goldman and Societe Generale (SCGLY) over claims that the banks' London divisions took-in exorbitant fees while losing money in derivative trades. Reference Link
August 18, 2014
19:41 EDTTMUSSprint CEO says regulators weren't set on industry consolidation, Bloomberg says
Sprint (S) recently dropped its bid seeking control of competitor T-Mobile (TMUS).
18:33 EDTTMUSSprint introduces Sprint Family Share Pack data plan, doubles high-speed data
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16:52 EDTSTOn The Fly: Closing Wrap
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12:18 EDTSTThe Fly: Midday Wrap
The market opened in positive territory following news that Russia and Ukraine were working on a potential ceasefire. The market had faltered on Friday following reports that the Ukraine army had attacked a Russian military vehicle after it crossed into Ukraine territory. The market opened sharply higher and then received an additional boost when the NAHB Housing market Index came in above expectations. The averages quickly moved to session highs, lifting the S&P to its highest level ever and putting August on track for the best monthly performance since February. ECONOMIC EVENTS: The NAHB homebuilder sentiment index rose 2 points to 55 in August. The index had climbed 4 points to 53 in July. This is the highest level since January's 56. The single family sales index edged up to 58 from 56 (revised from 57). The future index was 65 from 63 (revised from 64). The index of prospective buyer traffic improved to 42 from 39 (revised from 39). Data was better than expected. COMPANY NEWS: Shares of discount retailer Dollar General (DG) were higher by about 10% after the company announced a proposal to acquire rival Family Dollar (FDO) for $78.50 per share in cash, in a transaction valued at $9.7B. Shares of Family Dollar rose approximately 5% on the news. MAJOR MOVERS: Among the notable gainers was Sensata Technologies (ST), which rose 5.6% after after agreeing to buy privately held Schrader International for $1B. Also higher was Lannett (LCI), which gained 9.3% after the company said fourth quarter and full-year 2014 earnings per share and revenue would exceed analysts' consensus estimates. Among the noteworthy losers was Monster Beverage (MNST), which fell about 4% after research firm Jefferies downgraded the shares to Hold from Buy saying the valuation looks full following its recent rally. Also lower was NXP Semiconductors (NXPI), which dropped 2.3% after Goldman Sachs downgraded the company to Sell from Neutral, and downgraded the semiconductor sector to Cautious from Neutral. The firm expects consensus estimates to move lower due to cyclical headwinds, increased Q4 and Q1 seasonality, and a RF correction. Goldman lowered their price target on the shares to $54 from $58. INDEXES: Near midday, the Dow was up 168.13, or 1.01%, to 16,831.04, the Nasdaq rose 44.11, or 0.99%, to 4,508.87, and the S&P 500 was higher by 16.79, or 0.86%, to 1,971.88.
10:55 EDTSTSensata climbs higher after agreeing to buy Schrader International for $1B
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10:32 EDTGSProcter & Gamble likely to divest Duracell, Braun, Reuters reports
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10:29 EDTMSCC, FSLGoldman cuts sector view on semiconductors to Cautious
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09:20 EDTGSDeutsche Bank appoints Shannon Americas Chief Information Officer
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08:47 EDTTMUS, WINRaymond James to hold a summit
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08:04 EDTMSCC, FSLSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
06:17 EDTSTSensata to host conference call
Conference call to discuss the acquisition of Schrader International will be held on August 18 at 8 am. Webcast Link
06:06 EDTSTSensata to acquire Schrader International for $1B
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06:03 EDTSTSensata to acquire Schrader International for $1B
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