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Stock Market & Financial Investment News

News Breaks
March 5, 2014
09:59 EDTFCEL, DNN, FLIR, BHP, AVAVHigh option volume stocks: FCEL DNN FLIR BHP AVAV
AVAV
News For FCEL;DNN;FLIR;BHP;AVAV From The Last 14 Days
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September 30, 2014
18:07 EDTAVAV, FLIRAmerican Science & Engineering lower after guiding to Q2 net loss
Shares of American Science & Engineering (ASEI), a manufacturer of X-ray inspection and other detection products for homeland security, are sharply lower after disclosing that the company will record a net loss in the second quarter. WHAT'S NEW: AS&E is projecting a net loss for Q2 while the consensus estimate for Q2 EPS is 21c. The company said it has reduced its workforce by approximately 10% and has implemented additional targeted cost reductions to further reduce its operating expenses in response to the continued global volatility impacting its markets. "While our opportunity pipeline remains robust, we have reduced our expenses to manage through the quarter to quarter variability that has affected us and others in our industry. As we move forward, we will continue to execute on our strategic growth initiatives to help us leverage and capture the increased global opportunity pipeline for our expanded portfolio of product and service offerings," said AS&E CEO Chuck Dougherty. PRICE ACTION: Shares of American Science & Engineering are lower by almost 8% to $51.15 in after-hours trading. OTHERS TO WATCH: Other stocks in the homeland security space include: FLIR Systems (FLIR), I.D. Systems (IDSY), CACI International (CACI) and AeroVironment (AVAV).
10:35 EDTBHPBHP and South Africa’s Transnet in $2.1B coal-haulage deal, Bloomberg says
South Africa’s ports and rail operator Transnet SOC signed a 10 year, $2.1B coal-haulage deal with miner BHP Billiton, says Bloomberg. Reference Link
09:11 EDTAVAVAeroVironment awarded $27.2M in orders from U.S. Army
AeroVironment announced it received three firm fixed-price orders from the United States Army totaling $27.18M for RQ-11B Raven and RQ-20A Puma AE unmanned aircraft systems spare parts. The company received two orders on August 29 and one on September 18. Delivery is anticipated within 12 months. The latest orders increase the total value of orders for Raven and Puma AE UAS spare parts and Raven upgrades received since May 2014 to $77.6M.
08:12 EDTBHPBHP Billiton reports employee fatally injured at Worsley Alumina refinery
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06:21 EDTBHPBHP sends Phil Montgomery to Jansen potash project, WSJ reports
BHP Billiton has sent Phil Montgomery, its head of group project management, to run the massive Jansen potash development in Canada, the Wall Street Journal reports. BHP has committed $3.8B to the project, but it has no fixed completion date, and last year work was halted for months due to technical issues. Reference Link
September 26, 2014
06:47 EDTAVAVFAA drone decision could be milestone, NY Times says
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September 25, 2014
13:03 EDTBHPBHP Billiton discussing possible resolution of 2009 anti-corruption case
In its annual report, BHP Billiton said that it was currently discussing a possible resolution to its 2009 anti-corruption case. The company said, "As previously disclosed, BHP Billiton received requests for information in August 2009 from the SEC. Following that request, the group commenced an internal investigation and disclosed to relevant authorities evidence that it has uncovered regarding possible violations of applicable anti-corruption laws involving interactions with government officials. The issues relate primarily to matters in connection with previously terminated exploration and development efforts, as well as hospitality provided as part of the company’s sponsorship of the 2008 Beijing Olympics. The Group is currently discussing a potential resolution of the matter."
10:06 EDTBHPOn The Fly: Analyst Upgrade Summary
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07:37 EDTBHPBHP Billiton to freeze pay for CEO, non-executive directors
Following the Remuneration Committee’s annual review the CEO Andrew Mackenzie’s base salary and target remuneration for this year will remain unchanged. Last year, the Remuneration Committee believed that Mackenzie's remuneration should be rebased down and as a result, the CEO’s package was reduced by approximately 25%. Non-executive Director fees will also remain unchanged. In its annual report, the company believes these outcomes align remuneration with shareholder interests and the prevailing business environment.
07:32 EDTBHPBHP Billiton upgraded to Buy from Neutral at Citigroup
September 24, 2014
13:45 EDTBHPBHP Billiton mulls secondary listing in London for spin-off company, WSJ says
BHP Bilton is mulling a secondary listing in London for its new spin-off company that contains noncore mining assets, The Wall Street Journal reports, citing a shareholder letter. The move comes following increased shareholder pressure regarding the company's original plan to spin off the company only in Australia and South Africa. Analysts estimate the new company could be worth approximately $17B, The Wall Street Journal added. Reference Link
09:55 EDTAVAVAeroVironment reports $22M order from Marine Corps
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09:04 EDTDNNDenison Mines volatility low as UxC Nuclear Fuel Price U3O8 price rise
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08:35 EDTDNNDenison Mines extends Gryphon zone, completes summer drilling programs
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September 23, 2014
06:07 EDTBHPBHP Billiton shedding 700 mining jobs in Queensland, Guardian reports
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September 17, 2014
10:00 EDTBHPOn The Fly: Analyst Downgrade Summary
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05:26 EDTBHPBHP Billiton downgraded to Underperform from Neutral at Exane BNP Paribas
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