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Stock Market & Financial Investment News

News Breaks
March 14, 2013
12:54 EDTBDRBF, GRMNGarmin 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
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July 30, 2015
10:00 EDTGRMNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Altria Group (MO) downgraded to Outperform from Buy at CLSA... Baxter (BAX) downgraded to Market Perform from Outperform at Leerink... Changyou.com (CYOU) downgraded to Hold from Buy at Summit Research... Depomed (DEPO) downgraded to Neutral from Buy at Janney Capital... Euronet (EEFT) downgraded to Neutral from Buy at Monness Crespi... Foundation Medicine (FMI) downgraded to Market Perform at JMP Securities... Garmin (GRMN) downgraded to Underweight from Neutral at JPMorgan... Golden Star Resources (GSS) downgraded to Hold at Canaccord... Grainger (GWW) downgraded on negative catalysts at RBC Capital... Henry Schein (HSIC) downgraded to Hold from Buy at Evercore ISI... LINN Energy (LINE) downgraded to Market Perform from Outperform at Raymond James... LifeLock (LOCK) downgraded to Neutral from Buy at BofA/Merrill... LinnCo (LNCO) downgraded to Market Perform from Outperform at Raymond James... Manitowoc (MTW) downgraded to Hold from Buy at BB&T... PACCAR (PCAR) downgraded to Equal Weight on peak cycle concerns at Morgan Stanley... PG&E (PCG) downgraded to Neutral from Outperform at Credit Suisse... Pacer (PACR) downgraded to Equal Weight from Overweight at Morgan Stanley... Penn Virginia (PVA) downgraded to Sector Perform from Outperform at Scotia... Shutterfly (SFLY) downgraded to Market Perform at Raymond James... Terex (TEX) downgraded to Hold from Buy at BB&T... Total System (TSS) downgraded to Neutral at Baird... Whiting Petroleum (WLL) downgraded to Equal Weight from Overweight at Stephens... Whole Foods (WFM) downgraded to Equal Weight from Overweight at Morgan Stanley.
07:31 EDTGRMNGarmin to open brick-and-mortar stores in greater Miami area
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06:30 EDTGRMNGarmin downgraded to Underweight from Neutral at JPMorgan
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06:11 EDTBDRBFBombardier reports Q2 adjusted EPS 6c, one estimate 3c
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July 29, 2015
10:50 EDTGRMNGarmin says underlying foundation is 'solid', sees long-term growth in Aircraft
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07:04 EDTGRMNGarmin sees FY15 pro forma EPS about $2.65, consensus $2.78
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07:03 EDTGRMNGarmin reports Q2 EPS 72c, consensus 80c
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06:26 EDTBDRBFSiemens, Bombardier in talks over possible train, rail merger, WSJ reports
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July 28, 2015
15:21 EDTGRMNNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 85c... Altria (MO), consensus 71... General Dynamics (GD), consensus $2.06... Anthem (ANTM), consensus $2.75... Praxair (PX), consensus $1.46... Northrop Grumman (NOC), consensus $2.36... McKesson (MCK), consensus $2.91... Eaton (ETN), consensus $1.13... Humana (HUM), consensus $1.63... Hilton (HLT), consensus 23c... International Paper (IP), consensus 92c... Rockwell Automation (ROK), consensus $1.54... Jarden (JAH), consensus 59c... Quintiles (Q), consensus 70c... Tableau Software (DATA), consensus 4c... Garmin (GRMN), consensus 82c... Vantiv (VNTV), consensus 54c... ADT (ADT), consensus 49c.
July 27, 2015
10:19 EDTBDRBFBombardier wins 30 year vehicle maintenance contract for Toronto rail line
Bombardier has won a contract to provide 30 years of maintenance on BOMBARDIER FLEXITY Freedom light rail vehicles it will build for service on the new Toronto Eglinton Crosstown line. The contract, which was awarded by the Crosslinx Transit Solutions Maintenance General Partnership, is valued at approximately $308M. For this agreement, Bombardier has been subcontracted by the Crosslinx Transit Solutions Maintenance General Partnership, which is acting as the maintainer of the entire system on behalf of the winning consortium responsible for designing, financing, building and maintaining the 19-kilometre transit line. The project is under the authority of Metrolinx, the Government of Ontario agency responsible for the coordination and integration of all modes of transportation in the Greater Toronto and Hamilton Area.

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