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Stock Market & Financial Investment News

News Breaks
July 15, 2014
09:29 EDTGLW, NKECorning names Nike CFO Donald Blair to board
Corning (GLW) appointed Donald W. Blair, executive vice president and CFO for NIKE (NKE), to Corning's board, effective July 15. Blair will serve on the board's finance and audit committees. He will hold office until Corning's annual meeting of shareholders in the spring of 2015, at which time he will stand for election to a one-year term. His appointment brings the number of Corning directors to 13.
News For GLW;NKE From The Last 14 Days
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December 18, 2014
10:01 EDTGLWOn The Fly: Analyst Upgrade Summary
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07:04 EDTNKENike December volatility increases into Q2 and outlook
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06:27 EDTGLWCorning upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Corning to Buy on expectations TV demand will pick up over the next few years as consumers upgrade their first flat panel TV to the latest technology. Citi raised its price target for shares to $25 from $21.
December 17, 2014
16:40 EDTGLWCorning: Dow Corning reduces Implant Liability, abandons Hemlock facility
In a filing Corning said: "During Q414, Dow Corning, with the assistance of a third-party advisor, developed an estimate of the future Implant Liability based on evidence that the actual funding required for the Settlement Facility is expected to be lower than the full funding cap set forth in the Plan. On December 12, Dow Corning reduced its Implant Liability by approximately $1.3B. Previously, the Implant Liability was based on the full funding cap set forth in the Plan. The revised Implant Liability reflects Dow Corning’s best estimate of its remaining obligations under the Plan. Should events or circumstances occur in the future which change Dow Corning’s estimate of the remaining funding obligations, the Implant Liability will be revised. This adjustment does not affect Dow Corning’s commitment or ability to fulfill its obligations under the settlement, and all claims that qualify under the settlement will be paid according to the terms of the Plan. On December 15, Dow Corning determined its Hemlock Semiconductor facility in Clarksville, Tennessee, would not be economically viable and made the decision to permanently abandon the assets. This decision was made after review of sustained adverse market conditions and continued oversupply, the cost of operating the facility, and the ongoing impact of tariffs on polycrystalline silicon imported into China. Dow Corning expects to record a pre-tax charge of approximately $1.5B to $1.6Bn related to the decision to permanently cease use of these assets. Corning’s fourth quarter equity earnings will reflect the company’s 50% share of: (1) Dow Corning's after-tax gain related to the decrease in its Implant liability in the amount of approximately $400M; and (2) Dow Corning’s after-tax charge against the Clarksville facility in the amount of approximately $500M."
December 16, 2014
09:59 EDTNKEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BB&T (BBT) initiated with a Neutral at Guggenheim... Bank of America (BAC) initiated with a Buy at Guggenheim... Ciena (CIEN) initiated with a Neutral at Wedbush... Cimarex Energy (XEC) initiated with a Perform at Oppenheimer... Citigroup (C) initiated with a Neutral at Guggenheim... Extended Stay America (STAY) initiated with a Market Perform at JMP Securities... Infinera (INFN) initiated with a Neutral at Wedbush... JPMorgan (JPM) initiated with a Neutral at Guggenheim... Morgan Stanley (MS) initiated with a Buy at Guggenheim... Newfield Exploration (NFX) initiated with an Outperform at Oppenheimer... Nike (NKE) initiated with a Market Perform at Cowen... PNC Financial (PNC) initiated with a Neutral at Guggenheim... Peak Resorts (SKIS) initiated with an Outperform at FBR Capital... Peak Resorts initiated with an Outperform at Oppenheimer... Ralph Lauren (RL) initiated with an Outperform at Cowen... U.S. Bancorp (USB) initiated with a Neutral at Guggenheim... Under Armour (UA) initiated with an Outperform at Cowen... Wells Fargo (WFC) initiated with a Neutral at Guggenheim... Whiting Petroleum (WLL) initiated with an Outperform at Oppenheimer... Lowe's (LOW) initiated with a Neutral at Nomura... Home Depot (HD) initiated with a Neutral at Nomura... Estee Lauder (EL) initiated with a Buy at KeyBanc... Huntsman (HUN) initiated with a Buy at Nomura... Dow Chemical (DOW) initiated with a Buy at Nomura.
December 15, 2014
16:17 EDTNKENike initiated with a Market Perform at Cowen
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15:27 EDTNKEKering explored sale of Puma athletic brand, Bloomberg reports
Kering SA (PPRUY), which owns Gucci, Puma, and other brands, contacted potential buyers earlier this year to gauge interest in a potential a sale of the sportswear company, though the talks haven't lead to any takeover proposals yet, according to Bloomberg, citing people familiar with the matter. Other companies in the sportswear space include Nike (NKE), Under Armour (UA), lululemon (LULU) and Adidas (ADDYY). Reference Link
10:00 EDTNKEOn The Fly: Analyst Initiation Summary
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09:24 EDTNKENike initiated with a Buy at Buckingham
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08:43 EDTGLWCorning to acquire TR Manufacturing, terms not disclosed
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07:42 EDTNKENike price target raised to $110 from $96 at UBS
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December 12, 2014
09:01 EDTNKENike December volatility increases into Q2 and outlook
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December 11, 2014
11:14 EDTGLWCorning management to meet with Jefferies
Meeting to be held in Boston on December 18 hosted by Jefferies.
06:33 EDTNKENike CIO Anthony Watson leaves company after 10 months, Business Insider reports
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December 10, 2014
09:15 EDTNKENike price target raised to $105 from $100 at Credit Suisse
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07:25 EDTNKENike sues employees who left for Adidas for stealing trade secrets, ESPN reports
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December 9, 2014
17:03 EDTNKENike appoints Tom Peddie as VP and GM of the Emerging Markets
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08:35 EDTGLWCorning Gorilla Glass 4 chosen for Samsung Galaxy ALPHA
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December 8, 2014
10:00 EDTNKEOn The Fly: Analyst Downgrade Summary
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06:38 EDTNKENike downgraded to Market Perform from Outperform at Telsey Advisory
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