New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 16, 2013
09:15 EDTYHOO, CROX, CMG, GNW, WEN, VRA, DELL, BA, JPM, GSOn The Fly: Pre-market Movers
UP AFTER EARNINGS/GUIDANCE: Goldman Sachs (GS), up 2.4%... Vera Bradley (VRA), up 6.7%... Wendy's (WEN), up 4.1%... ALSO HIGHER: Yahoo (YHOO), up 2.7% after report that Alibaba (ALBCF) hired Credit Suisse and Goldman Sachs for Hong Kong IPO... Genworth Financial (GNW), up 11.3% after changes to mortgage insurance unit... DOWN AFTER EARNINGS/GUIDANCE: Chipotle (CMG), down 8.2%... Crocs (CROX), down 4.8%... JPMorgan (JPM), down 0.3%... ALSO LOWER: Dell (DELL), down 3.6% after CNBC's David Faber says a buyout deal for the company would likely be worth $13.50-$14 per share... Boeing (BA), down 3.5% after two Japanese carriers ground fleets of 787 Dreamliners.
News For GS;JPM;BA;DELL;VRA;WEN;GNW;CMG;CROX;YHOO From The Last 14 Days
Check below for free stories on GS;JPM;BA;DELL;VRA;WEN;GNW;CMG;CROX;YHOO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
August 7, 2014
08:23 EDTJPML.A. suit against JPMorgan over mortgage lending dismissed, Reuters reports
Subscribe for More Information
07:09 EDTWENWendy's to sell all company-owned operated restaurants in Canada
The company plans to sell approximately 135 Company-operated restaurants in Canada to new and existing franchise operators. The company is targeting the end of the first quarter of 2015 for the completion of these transactions. The Company plans to retain its ownership of TimWen Partnership, its Canadian restaurant real estate joint venture with Tim Hortons (THI). Brolick said selling 100 percent of the Company's operations in Canada to franchisees will create a strong platform for future growth. The Company intends to prioritize the sale of its Canadian restaurants to well-capitalized new and existing franchisees with a demonstrated history of operational excellence and a stated commitment to implement the Company's Image Activation restaurant development and reimaging strategy. The Company expects the following benefits to offset the annualized decrease in revenue resulting from the sale of its Canadian restaurants: Reduced annualized general and administrative expense of approximately $8 million relative to the Company's 2014 estimated G&A expense of approximately $275 million. It also sees higher cash flow, due to the expected increase in rent and royalty revenue, as well as lower ongoing capital expenditures. The Company anticipates the sale of its Canadian restaurants to reduce Adjusted EBITDA by as much as $5 million in 2015, resulting in expected Adjusted EBITDA growth in the mid-to-high single-digit range in 2015. The Company expects the transactions to be neutral to Adjusted EBITDA in 2016 and accretive to Adjusted EBITDA in 2017 and thereafter. The Company expects the transactions to be neutral to net income in 2015 and slightly accretive to net income thereafter.
07:07 EDTWENWendy's board authorizes new share repurchase program for up to $100M
The Company also announced that its Board of Directors authorized a new share repurchase program for up to $100 million of the Company's common stock through the end of 2015. The common stock repurchase program will allow the Company to make repurchases as market conditions warrant and to the extent legally permissible.
07:07 EDTWENWendy's sees FY15 adjusted EPS growth in mid-teens, consensus 39c
Subscribe for More Information
07:06 EDTWENWendy's sees Q3 same-restaurant sales growth less than low end of 2.5%-3.5%
The company said, "We anticipate a significant year-over-year increase in temporary restaurant closures related to our Image Activation program during the third quarter, when we expect reimaging activity to reach the 2014 peak," Brolick added. "Due to the impact of these restaurant closures, we expect year-over-year third-quarter Adjusted EBITDA to be approximately flat. However, we also expect to generate a significant year-over-year increase in Adjusted EBITDA in the fourth quarter of this year, when we anticipate realizing the benefit of this accelerated activity."
07:05 EDTWENWendy's 'remains confident' in company's long term outlook
The company specifically cites its Image Activation strategy driving top-line growth in the core business.
07:05 EDTWENWendy's backs FY14 adjusted EPS 34c-35c, consensus 35c
Subscribe for More Information
07:03 EDTWENWendy's reports Q2 company-owned restaurants SSS up 3.9%
Subscribe for More Information
07:03 EDTWENWendy's reports Q2 adjusted EPS 9c, consensus 10c
Reports Q2 revenue $523.43M, consensus $518.11M
06:39 EDTGSGoldman lowers legal loss over reserves estimate to $3.2B from $3.7B
Subscribe for More Information
06:06 EDTCMGStocks with implied volatility below IV index mean; TWX CMG
Subscribe for More Information
August 6, 2014
15:49 EDTWENNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Duke Energy (DUK), consensus 98c; Intercontinental Exchange (ICE), consensus $2.02; Mylan (MYL), consensus 70c; Scripps Networks (SNI), consensus $1.13; Brinker International (EAT), consensus 87; AES Corporation (AES), consensus 28c; NRG Energy (NRG), consensus 15c; Harman International (HAR), consensus $1.21; Windstream Holdings (WIN), consensus 8c; Teradata (TDC), consensus 65c; Markel (MKL), consensus $5.79; OGE Energy (OGE), consensus 51c; SunEdison (SUNE), consensus (28c); Royal Gold (RGLD), consensus 29c; Sabre (SABR), consensus 18c; Broadridge (BR), consensus $1.16; Huntington Ingalls (HII), consensus $1.81; AMC Networks (AMCX), consensus 85c; Laredo Petroleum (LPI), consensus 18c; HSN (HSNI), 77c; Wendy's (WEN), consensus 10c; Orbitz Worldwide (OWW), consensus 15c.
11:28 EDTYHOOYahoo appoints former Netflix executive Mike Kail as CIO
Subscribe for More Information
08:20 EDTGS, JPMFed, FDIC tell big banks to revise 'living will' plans
Subscribe for More Information
08:19 EDTJPMAshland enters into 10b5-1 plans to repurchase $250M of common stock
Subscribe for More Information
07:55 EDTJPMJP Morgan August volatility increases as shares pull back
Subscribe for More Information
07:49 EDTYHOOcomScore price target raised to $44 from $40 at Brean Capital
Brean Capital raised its price target on comScore (SCOR) to $44 from $40 as they believe the company is well positioned for an acceleration in fundamentals. The firm expects its recent years of investment to impact their online business as the integration of Yahoo (YHOO) vCE is up and running and Google (GOOG) is expected to be completed by the end of Q3, leading to an acceleration of top line growth. Brean maintains its Buy rating on comScore.
06:30 EDTGSDeutsche Bank, Goldman near agreement for NBG unit, Bloomberg says
The private-equity arms of Deutsche Bank (DB) and Goldman Sachs (GS) are close to finalizing a deal to purchase the buyout division of National Bank of Greece (NBG) for close to $506M, according to Bloomberg, citing two people with knowledge of the matter. Reference Link
06:02 EDTCMGStocks with implied volatility below IV index mean; HLF CMG
Subscribe for More Information
05:57 EDTBABoeing announces partnership with South African Airways
Boeing, South African Airways, or SAA, and SkyNRG announced they are collaborating to make sustainable aviation biofuel from a new type of tobacco plant. This initiative broadens cooperation between Boeing and SAA to develop renewable jet fuel in ways that support South Africa's goals for public health as well as economic and rural development. SkyNRG is expanding production of the hybrid plant known as Solaris as an energy crop that farmers could grow instead of traditional tobacco. Test farming of the plants, which are effectively nicotine-free, is underway in South Africa with biofuel production expected from large and small farms in the next few years. Initially, oil from the plant's seeds will be converted into jet fuel. In coming years, Boeing expects emerging technologies to increase South Africa's aviation biofuel production from the rest of the plant.
1 | 2 | 3 | 4 | all recent news | >>

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