New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For ERIC;ALU;BRCM;QCOM;NXPI;JNPR;CIEN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
April 16, 2015
05:40 EDTALUNokia downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Nokia (NOK) to Neutral citing valuation and integration risks from the takeover of Alcatel-Lucent (ALU).
05:39 EDTALUAlcatel-Lucent downgraded to Neutral from Buy at Citigroup
Subscribe for More Information
April 15, 2015
16:27 EDTALUOn The Fly: Top stock stories for Wednesday
Subscribe for More Information
13:31 EDTALUFrench president wants to protect French jobs in Nokia, Alcatel merger, AFP says
Subscribe for More Information
12:30 EDTALUOn The Fly: Top stock stories at midday
Stocks on Wall Street began the session in positive territory for the fifth time in the past six sessions. The move came amid lower than expected manufacturing data and industrial production figures in the U.S. and a report on Chinese GDP growth that matched expectations. Although the averages remain higher near midday, the market is well off its highs as investors await the release of the Fed’s Beige Book report. ECONOMIC EVENTS: In the U.S., the Empire State manufacturing report had a reading of -1.19, versus expectations for a 7.17 reading. Industrial production fell 0.6% in March, versus expectations for a 0.3% decline. Capacity utilization came in at 78.4% during the month, versus the 78.6% that was forecast. NAHB's homebuilder confidence index climbed to 56 in April, versus expectations for a reading of 55. The Federal Reserve is scheduled to release its Beige Book at 2 pm EDT this afternoon. In China, the nation's GDP grew at a 7.0% rate in Q1, which met expectations but was the lowest level of quarterly growth since 2009. A number of March data releases came in below expectations in China, including reports on industrial production, retail sales and fixed investments. In Europe, the European Central Bank kept interest rates unchanged. COMPANY NEWS: The European Commission announced it has opened a formal investigation of whether Google’s (GOOG, GOOGL) conduct in relation to its Android mobile operating system as well as applications and services for smartphones and tablets has breached EU antitrust rules. The Commission also sent a Statement of objections to Google alleging the company has abused its dominant position in the markets for general internet search services in the European Economic Area by favoring its own comparison shopping product in its general search results pages. For its part, Google's SVP of Google Search Amit Singhal said the company "respectfully but strongly" disagrees with the need to issue a statement of objections and looks forward to making its case... After Intel (INTC) reported results that were in-line with its preannouncement and estimated that its 2015 revenue would be roughly flat year-over-year, shares rose 4.5%. However, analysts disagreed on the company's ability to meet its revised outlook, with Wedbush upgrading the stock to Outperform from Neutral, but Citi saying that the company's guidance was too bullish and keeping a Neutral rating on the shares. MAJOR MOVERS: Among the notable gainers was Celsion (CLSN), which gained 20% after the company announced interim data from its ongoing open-label Phase 2 DIGNITY Trial of ThermoDox in recurrent chest wall breast cancer. Also higher was gunmaker Smith & Wesson (SWHC), which gained 13% after raising its guidance, citing orders throughout its fiscal fourth quarter that have been stronger than originally anticipated. Among the noteworthy losers was Alcatel-Lucent (ALU), which dropped 19% after agreeing to merge with Nokia (NOK) in an all-share transaction that values Alcatel-Lucent at EUR 15.6B on a fully diluted basis. Also lower were shares of Precision Castparts (PCP), which fell 3% after the company issued fourth quarter guidance, said it was making headcount reductions and the stock was downgraded at DA Davidson. INDEXES: Near midday, the Dow was up 56.39, or 0.31%, to 18,093.09, the Nasdaq was up 24.52, or 0.49%, to 5,001.81, and the S&P 500 was up 9.80, or 0.47%, to 2,105.64.
10:00 EDTALUOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:55 EDTNXPIBofA/Merrill U.S. autos analysts hold an analyst/industry conference call
Subscribe for More Information
09:08 EDTALUOn The Fly: Pre-market Movers
Subscribe for More Information
07:51 EDTALUFlextronics in advanced talks for part of Chinese jv of Alcatel, Reuters says
Flextronics (FLEX) is in advanced talks to acquire the manufacturing unit of Alcatel-Lucent's (ALU) Shanghai Bell joint venture, reported Reuters, citing two people with knowledge of the deal. Nokia (NOK) and Alcatel-Lucent have announced their intention to combine in all-share transaction. Reference Link
07:46 EDTJNPR, ERIC, ALU, CIENEricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
Subscribe for More Information
07:11 EDTALUNokia upgraded to Market Perform from Underperform at Bernstein
Bernstein upgraded Nokia (NOK) to Market Perform with a $9.20 price target following the company's buyout of Alcatel-Lucent (ALU).
07:10 EDTALUAlcatel-Lucent downgraded to Market Perform from Outperform at Bernstein
Subscribe for More Information
06:35 EDTBRCM, QCOMSamsung says Galaxy S6 demand much stronger than expected, Reuters reports
Subscribe for More Information
06:27 EDTALUNokia initiates review of strategic options for HERE business
Nokia (NOK) announces that it has initiated a review of strategic options, including a potential divestment, for its HERE business. HERE is a leader in navigation, mapping and location intelligence. Nokia also announced a proposed combination with Alcatel-Lucent (ALU). The Board of Directors of Nokia believes this is the right moment to assess the position of HERE within the proposed new Nokia business.The strategic review of HERE is on-going and it may or may not result in any transaction. Any further announcements about HERE will be made as appropriate.
05:48 EDTALUAlcatel-Lucent down 16% following Nokia transaction.
05:44 EDTALUNokia holders to own 66.5% of new company, Alcatel-Lucent holders to own 33.5%
Subscribe for More Information
05:42 EDTALUAlcatel-Lucent CEO says combined company is 'compelling offer' for holders
Subscribe for More Information
05:35 EDTALUNokia maintains dividend, maintains target to return to investment-grade rating
Subscribe for More Information
05:27 EDTALUNokia sees Alcatel-Lucent acquisition accretive to FY17 non-IFRS earnings
Subscribe for More Information
05:23 EDTALUNokia, Alcatel-Lucent to combine in all-share transaction
Nokia (NOK) and Alcatel-Lucent (ALU) announce their intention to combine to create an innovation leader in next generation technology and services for an IP connected world. The two companies have entered into a memorandum of understanding under which Nokia will make an offer for all of the equity securities issued by Alcatel-Lucent, through a public exchange offer in France and in the United States, on the basis of 0.55 of a new Nokia share for every Alcatel-Lucent share. The all-share transaction values Alcatel-Lucent at EUR 15.6B on a fully diluted basis, corresponding to a fully diluted premium of 34%, equivalent to EUR 4.48 per share, and a premium to shareholders of 28%, equivalent to EUR 4.27 per share, on the unaffected weighted average share price of Alcatel-Lucent for the previous three months. This is based on Nokia's unaffected closing share price of EUR 7.77 on April 13. Each company's board has approved the terms of the proposed transaction, which is expected to close in the first half of 2016. The proposed transaction is subject to approval by Nokia's shareholders, completion of relevant works council consultations, receipt of regulatory approvals and other customary conditions.
<< 1 | 2 | 3 | 4 | 5 | 6 | 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