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Stock Market & Financial Investment News

News Breaks
July 1, 2014
10:01 EDTFOXA, XRX, TGI, TWX, SYMC, SHO, BSBR, MPO, MNKD, HCCI, GS, GNRC, BEN, DECK, BNPQY, URBNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 21st Century Fox (FOXA) downgraded to Buy from Conviction Buy at Goldman... BNP Paribas (BNPQY) downgraded to Hold from Buy at Societe Generale... Deckers Outdoor (DECK) downgraded to Neutral from Outperform at Macquarie... Franklin Resources (BEN) downgraded to Neutral from Buy at UBS... Generac (GNRC) downgraded to Neutral from Buy at BofA/Merrill... Goldman Sachs (GS) downgraded at Bernstein... Heritage-Crystal Clean (HCCI) downgraded to Neutral from Outperform at RW Baird... MannKind (MNKD) downgraded to Hold from Buy at MLV & Co.... Midstates Petroleum (MPO) downgraded to Market Perform from Outperform at Northland... Santander Brasil (BSBR) downgraded to Neutral from Outperform at Credit Suisse... Sunstone Hotel (SHO) downgraded to Market Perform from Outperform at Wells Fargo... Symantec (SYMC) downgraded at BMO Capital... Time Warner (TWX) downgraded to Neutral from Buy at Goldman... Triumph Group (TGI) downgraded at RBC Capital... Urban Outfitters (URBN) downgraded at Wedbush... Xerox (XRX) downgraded to Neutral from Buy at Citigroup.
News For FOXA;BNPQY;DECK;BEN;GNRC;GS;HCCI;MNKD;MPO;BSBR;SHO;SYMC;TWX;TGI;XRX;URBN From The Last 14 Days
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October 10, 2014
08:17 EDTSYMCSymantec split unlikely to create shareholder value, says Pacific Crest
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08:05 EDTFOXA21st Century Fox, Apollo Global agree to form content joint venture
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08:03 EDTFOXA21st Century Fox, Apollo Global form content joint venture
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07:51 EDTSYMCSymantec may face heightened execution risk, says Wells Fargo
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07:42 EDTSYMCSymantec upgraded to Outperform from Market Perform at Raymond James
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07:21 EDTSYMCSymantec price target raised to $30 from $27 at JMP Securities
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07:04 EDTTWXAmazon in talks to join digital locker for movies. WSJ reports
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06:48 EDTSYMCSymantec volatility low into announcing plans to separate into two companies
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06:42 EDTFOXA, TWXTime Warner CEO to be questioned on growth plans, NY Post reports
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05:18 EDTTWXTime Warner to host investor meeting
Investor meeting to be held on October 15 at 9:30 am. Webcast Link
October 9, 2014
16:14 EDTSYMCSymantec to resume trading at 4:20 pm ET after confirming split plans
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16:05 EDTSYMCSymantec plans to separate into two public companies
Symantec announced that its Board of Directors has unanimously approved a plan to separate the company into two, independent publicly traded companies: one business focused on security and one business focused on information management. The transaction is intended to take the form of a tax-free distribution to Symantec shareholders of 100% of the IM business in a new, independent, publicly traded stock. The expected stock distribution ratio will be determined at a future date. The company expects to complete the spinoff by the end of December 2015. The company expects to incur separation and restructuring charges through the completion of the transaction as it works to separate the two businesses. "Symantec’s decision to pursue a separation follows an extensive business review of the company’s strategy and operational structure. Creating two standalone businesses will allow each entity to maximize its respective growth opportunities and drive greater shareholder value," the company stated. The security business generated revenue of $4.2B in FY14. The IM business generated revenue of $2.5B in FY14. Michael Brown will be the President and CEO of Symantec and Thomas Seifert will continue to serve as CFO. John Gannon will be General Manager of the new information management business and Don Rath will be its acting CFO.
16:03 EDTSYMCSymantec affirms Q2 guidance provided in August
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16:01 EDTSYMCSymantec plans to separate into two public companies
16:00 EDTSYMCSymantec trading halted, pending news
10:50 EDTURBNGap falls after announcing CEO Murphy will step down, weak September sales
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10:41 EDTBENHigh option volume stocks
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08:21 EDTGSGoldman, Credit Suisse invest in digital surveillance start-up, Bloomberg says
A group of banks, led by Goldman Sachs (GS) and Credit Suisse (CS), invested $24M in Digital Reasoning, a data analytics start-up whose CEO, Tim Estes, said the banks want a way to surveil millions of e-mails, instant messages, and transcripts of calls to spot suspicious behavior "when it happens, not in an investigation three years later.” Reference Link
06:40 EDTSYMCSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
05:42 EDTTGITriumph Group initiated with a Buy at Jefferies
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