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Stock Market & Financial Investment News

News Breaks
June 5, 2013
07:55 EDTFLS, FLS, AGCO, AGCO, RKT, RKT, PWR, PWR, GNRC, GNRC, JOY, JOY, UFS, UFS, XYL, XYL, BLL, BLLJPMorgan to host a conference
8th Annual Diversified Industries Conference is being held in New York on June 4-5 with webcasted company presentations to begin on June 5 at 8 am; not all company presentations may be webcasted. Webcast Link
News For FLS;AGCO;RKT;PWR;GNRC;JOY;UFS;XYL;BLL From The Last 14 Days
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February 26, 2015
07:11 EDTXYL, FLSGabelli to hold a conference
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February 25, 2015
10:12 EDTRKTHigh option volume stocks
High option volume stocks: WBAI HDS ICON NWBO RGR GFI RKT TJX RSG LC
February 24, 2015
07:45 EDTRKTInternational Paper downgraded to Hold from Buy at Deutsche Bank
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February 23, 2015
17:10 EDTUFSDomtar raises dividend 7%, increases stock buyback plan by $300M
Domtar announced that its Board of Directors approved a 7% increase to its quarterly dividend from 37.5c per share to 40c per share on its common stock. The Board of Directors declared the dividend payable on April 15 to stockholders of record as of the close of business on April 2. In the context of its regular review of the capital allocation policy, the Board of Directors also authorized an increase of $300M in Domtar's share buyback program. This is in addition to the company's prior $1B repurchase authorization, under which approximately $83M remained available as of December 31, 2014.
07:49 EDTRKTFebruary fall in paper prices a modest negative, says Jefferies
Jefferies notes that according to PPW, unbleached kraft paperboard and solid unbleached sulfate prices fell modestly in February due to weak frozen food and beverage demand. The firm views the drop in SBS prices as a modest negative for RockTenn (RKT)/MeadWestvaco (MWV), Graphic Packaging (GPK) and International Paper (IP). It feels the impact should be limited, however, given the lag on the pass throughs in the converting business.
February 19, 2015
12:45 EDTBLLOn The Fly: Midday Wrap
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08:01 EDTBLLBall Corp. to hold a conference call
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06:12 EDTPWRQuanta Services sees FY15 adjusted EPS $2.04-$2.29, consensus $2.31
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06:10 EDTPWRQuanta Services sees Q1 adjusted EPS 37c-43c, consensus 47c
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06:09 EDTPWRQuanta Services reports Q4 EPS 51c, consensus 51c
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05:49 EDTBLLBall's proposed acquisition of Rexam valued at $8.4B
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05:47 EDTBLLBall Corp. confirms deal to acquire Rexam
The boards of Ball Corp. (BLL) and Rexam (REXMY) announced that they have reached agreement on the terms of a recommended offer for the entire issued and to be issued ordinary share capital of Rexam by Ball UK Acquisition Limited, a wholly-owned subsidiary of Ball. The Offer is to be effected by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act. Under the terms of the Offer, Rexam Ordinary Shareholders will be entitled to receive for each Rexam Ordinary Share held 407 pence in cash and 0.04568 of a New Ball share. Ball will provide a Mix and Match Facility, which will allow Rexam Ordinary Shareholders to elect to vary, subject to the availability of offsetting elections, the proportions in which they receive New Ball Shares and cash. In addition, Rexam Ordinary Shareholders will be entitled to the 2014 Final Dividend of 11.9 pence announced by Rexam today, subject to shareholder approval, and to any other dividends declared or paid by Rexam in respect of any completed six-month period ended 30 June or 31 December between the date of this announcement and the date of the day before the Effective Date consistent with Rexam's past practice, provided that such dividends do not exceed the corresponding interim or final dividend paid or declared in respect of 2014. The combination is expected to be accretive to earnings per share within the first full year of completion and is in line with Ball's strategy to increase Economic Value Added dollars or returns greater than its weighted average cost of capital on its larger average invested capital base. The combination is expected to foster meaningful EVA dollar growth over the medium term. The Ball Board has approved the Offer and intends to recommend unanimously that Ball Shareholders vote in favour of the Offer. The receipt of competition authority clearances in the E.U. and U.S. is a Pre-Condition to the Offer. In addition, Ball and Rexam have agreed that the absence of a requirement to make material divestitures in the E.U. and the U.S. on a combined basis is a Condition of the Offer. It is expected that the Scheme Document will be posted to Rexam Shareholders shortly after the satisfaction or waiver of the Pre-Condition. The Offer is expected to complete in the first half of 2016.
February 18, 2015
15:35 EDTPWRNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.54... Priceline (PCLN), consensus $10.10... DIRECTV (DTV), consensus $1.40... Noble Energy (NBL), consensus 35c... Host Hotels & Resorts (HST), consensus 39c... Hormel Foods (HRL), consensus 64c... Discovery Communications (DISCA), consensus 41c... SCANA (SCG), consensus 73c... Quanta Services (PWR), consensus 51c... Patterson (PDCO), consensus 59c... Denbury Resources (DNR), consensus 23c... T-Mobile (TMUS), consensus 5c... Linn Energy (LINE), consensus 6c... Linn Co (LNCO), consensus 39c... Bloomin' Brands (BLMN), consensus 27c... Huntington Ingalls (HII), consensus $1.98.
13:04 EDTBLLBall Corp. near deal to acquire Rexam, WSJ reports
Ball Corp. (BLL) is close to acquiring Rexam (REXMY) in a deal that could be announced this week, Wall Street Journal reports, citing people familiar with the matter. The companies confirmed earlier this month that they were in merger talks. A combination would create the largest beverage-can maker in the world. Peers of Ball include Crown Holdings (CCK), Owens-Illinois (OI) and Silgan Holdings (SLGN). Reference Link
12:44 EDTBLLBall Corp. near deal to acquire Rexam, Dow reports
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11:00 EDTAGCOAGCO management to meet with William Blair
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10:54 EDTJOYJoy Global says reducing cost curve is company's priority for customers
Joy Global says focused on growing service business. Looking to accelerate savings on service business for 2015. Company focuses on life cycle management of equipment. Joy Global developing new products in service sector to allow customers to reduce costs. Sees opportunity in tough market to build service business. Seeing better visibility on rebuilds. Comments taken from Barclays Capital Industrial Select Conference.
10:26 EDTJOYJoy Global backs FY15 EPS view $3.10-$3.50, consensus $3.21
Backs FY15 revenue view $3.6B$3.8B, consensus $3.65B. Guidance taken from slides prepared for Barclays Industrial Select Conference.
08:02 EDTFLSFlowserve announces departure of CFO Michael Taff
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07:07 EDTJOYBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
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