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November 14, 2012
17:32 EDTFAST, MPC, BCR, FOSLSAC Capital reports new stakes in Fossil, Marathon, Fastenal, C.R. Bard
News For FOSL;MPC;FAST;BCR From The Last 14 Days
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November 30, 2015
14:52 EDTMPCEPA sets renewable fuel standards for 2014, 2015, 2016
The EPA announced it is finalizing the volume requirements and associated percentage standards that apply under the RFS program in calendar years 2014, 2015, and 2016 for cellulosic biofuel, biomass-based diesel, advanced biofuel, and total renewable fuel. EPA is also finalizing the volume requirement for biomass-based diesel for 2017. The final 2016 standard for advanced biofuel is nearly 1 billion gallons, or 35 percent, higher than the actual 2014 volumes, while the total renewable standard requires growth from 2014 to 2016 of over 1.8 billion gallons of biofuel, or 11% higher than 2014 actual volumes. The EPA set the renewable fuel target for 2015 at 16.93B gallons and the 2016 target at 18.11B gallons. Companies involved in renewable fuel production include Pacific Ethanol (PEIX), Gevo (GEVO), Renewable Energy (REGI), FutureFuel (FF) and Amyris (AMRS). Publicly traded companies in the refiner space, which may be impacted by the EPA's renewable fuel standards, include Delek US (DK), HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR). Reference Link
November 25, 2015
07:36 EDTMPCMarathon Petroleum price target raised to $70 from $60 at Oppenheimer
Oppenheimer expects Marathon to generate free cash flow of $1.6B this year and $0.7B next year, before acquisitions and share repurchases. The firm says the company's valuation is attractive, and it keeps an Outperform rating on the shares.
November 23, 2015
08:36 EDTBCRC.R. Bard acquisition positive, says JMP Securities
After C.R. Bard agreed to buy Liberator Medical, JMP Securities says the deal "will bring incremental reimbursement expertise, potentially open the door to other chronic disease states, increase direct contact with patients and... provide a tailwind of about 2% to sales and some EPS accretion." The firm reiterates a $207 price target and Outperform rating on C.R. Bard.
November 20, 2015
09:21 EDTFOSLFossil, Diesel extend partnership with ten-year global licensing agreement
Fossil Group announced that it has extended a global watch licensing agreement with Diesel through 2025.
07:28 EDTBCRLiberator Medical to be acquired by C.R. Bard for $3.35 per share
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07:28 EDTBCRC.R. Bard to acquire Liberator Medical for roughly $181M
C.R. Bard (BCR) announced that it has entered into a definitive agreement to acquire Liberator Medical Holdings (LBMH) for $3.35 per share, or approximately $181M. This transaction is structured as a merger, has been approved by each company's board of directors, and is subject to customary closing conditions, including approval of the shareholders of Liberator and regulatory approvals. The company expects the transaction to close in the first quarter of 2016 and add approximately $70M to 2016 net sales and to be slightly accretive to adjusted cash earnings per share in 2016. The company estimates that in 2017 this acquisition will increase the organic revenue growth rate of the company and contribute between 5c-10c of adjusted cash earnings per share.
November 19, 2015
05:22 EDTFOSLStocks with implied volatility below IV index mean; JWN FOSL
Stocks with implied volatility below IV index mean; Nordstrom (JWN) 29, Fossil (FOSL) 48 according to iVolatility.
November 18, 2015
11:01 EDTFOSLStocks with call strike movement; FOSL NFLX
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November 17, 2015
16:45 EDTBCRCryoLife resolves PerClot litigation with Medafor
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16:44 EDTBCRCryoLife and C.R. Bard subsidiary enter into patent resolution
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15:06 EDTFASTFastenal management to meet with William Blair
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06:32 EDTMPCMPLX and MarkWest combination receives further cash consideration from Marathon
MPLX (MPLX) and MarkWest Energy (MWE) announced that, in connection with the anticipated combination of MPLX and MarkWest, Marathon Petroleum (MPC) has agreed to further increase the amount of the one-time cash consideration payable to MarkWest common unitholders to $6.20 per unit, up from the cash consideration previously announced on Nov. 10, 2015, of approximately $5.21 per unit. This cash consideration represents a significant enhancement to the initial July 13, 2015, offer which was approximately $3.37 per unit. Under the revised terms of the merger agreement announced today, which represents the best and final offer, MarkWest common unitholders will receive approximately $1.28 billion in total cash consideration and 1.09 MPLX common units per MarkWest common unit, for a total consideration of approximately $51.74 per MarkWest common unit, based on the closing price of MPLX's common units on Nov. 16, 2015. Three of MarkWest's largest unitholders, Kayne Anderson Capital Advisors, L.P., Tortoise Capital Advisors, L.L.C., and, as previously announced, The Energy & Minerals Group, which cumulatively represent more than 15 percent of MarkWest's outstanding units entitled to vote, have all entered into voting agreements to vote in favor of the transaction. The merger is also recommended by each of the boards of MPC, MPLX and MarkWest, and the executive management of both partnerships strongly support the transaction and its revised terms. The combination will create one of the largest master limited partnerships, which is expected to generate a mid-20 percent compound annual distribution growth rate through 2019. The transaction is subject to approval by MarkWest unitholders and other customary closing conditions and, subject to the satisfaction of those conditions, is expected to close in December 2015. The date of the special meeting of MarkWest common unitholders is Dec. 1, 2015. MarkWest unitholders of record as of Oct. 5, 2015, will be entitled to vote on approval of the merger and the associated proposals.

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