New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 14, 2013
12:54 EDTGRMN, BDRBFGarmin to provide short term interest free loan of $173.7M to Bombardier
Garmin (GRMN) disclosed in a regulatory filing that its subsidiary Garmin International entered into a Memorandum of Agreement with Bombardier (BDRBF). In order to assist Bombardier in connection with delayed cash flows from the program to develop avionics system for the Lear 70 and Lear 75 aircraft for Learjet, a subsidiary of Bombardier, Garmin International agreed to provide Bombardier a short term, interest free, loan of $173.7M in cash in seven installments beginning on March 22, 2013 and ending on September 20, 2013 pursuant to the terms and conditions of the Agreement. Conditional upon Garmin International returning to Learjet a flight test vehicle and delivering specified Garmin software and hardware to Learjet no later than July 11, 2013, Bombardier will repay the loan in five installments beginning on November 1, 2013 and ending on March 7, 2014, provided that the repayment dates will be extended on a day for day basis if the July 11, 2013 milestone date is extended, the company said. Garmin International is the supplier of the avionics system for the Lear program and the delayed cash flows are partially related to the certification of the avionics exceeding the planned delivery date, the company said.
News For GRMN;BDRBF From The Last 14 Days
Check below for free stories on GRMN;BDRBF the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 18, 2014
07:26 EDTGRMNGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
Subscribe for More Information
September 17, 2014
07:45 EDTBDRBFLufthansa orders 15 more Airbus A320neo, 10 A320ceo aircrafts
Subscribe for More Information
September 15, 2014
07:22 EDTBDRBFAir Force Association to hold a conference
Subscribe for More Information
September 10, 2014
11:37 EDTGRMNGarmin bounces back, Fossil continues slide after Apple Watch unveiled
Subscribe for More Information
08:48 EDTGRMNGarmin unlikely to be derailed by Apple Watch, says Oppenheimer
Oppenheimer does not view Apple Watch as "a category killer" in the running or fitness band markets. The firm says that the necessity of pairing the Apple Watch with an iPhone, along with Apple Watch's use of a built-in optical hear rate sensor which is likely to be prone to malfunction are disadvantages. Additionally, Apple Watch's price is much higher than the prices that Garmin (GRMN) charges for its watches, while the Apple Watch's battery life is likely much shorter, according to Oppenheimer. The firm keeps an Outperform rating on Garmin.
07:18 EDTGRMNApple Watch does not compete with Garmin, says Citigroup
Subscribe for More Information
September 9, 2014
14:03 EDTGRMNGarmin down 3% after Apple confirms launch of Apple Watch
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use