New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 19, 2014
04:55 EDTHAL, HAL, NBR, NBR, PWR, PWR, HLX, HLX, KBR, KBR, TKPPY, TKPPYStephens to hold a field trip
Energy Infrastructure Houston Investor Trip travels throughout Houston, Texas on June 19-20.
News For HAL;NBR;PWR;HLX;KBR;TKPPY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 17, 2014
09:32 EDTNBRParkway Properties signs two leases totaling 213,000 square feet in Houston
Parkway Properties (PKY) announced that it has signed two leases totaling 213,000 square feet in Houston, Texas with Nabors Industries (NBR) and Bristow Group (BRS). Nabors Industries signed a 98,000 square foot expansion lease at One Commerce Green, located in the Greenspoint submarket of Houston, that expires on September 30, 2025. Bristow Group Inc. signed a 115,000 square foot new lease at CityWestPlace, located in the Westchase submarket of Houston, that expires on January 31, 2025. As of December 17, 2014, Parkway's Houston portfolio has approximately 418,000 square feet of 2015 lease expirations, which represents 9.5% of its total Houston portfolio. Parkway estimates a positive mark-to-market potential of approximately 27% on its 2015 Houston expirations and 34% on its 2016 Houston expirations.
08:53 EDTHALHalliburton downgraded to Sector Perform from Outperform at Howard Weil
Subscribe for More Information
05:18 EDTTKPPYTechnip awarded EUR 100M contract by ONGC in India
Subscribe for More Information
December 16, 2014
09:32 EDTHLXHelix Energy initiated with a Buy at Miller Tabak
Target $26.
December 15, 2014
16:36 EDTTKPPYOn The Fly: Closing Wrap
The Dow began the session with triple digit gains, but the move was short lived and so was the positive start for the equities market, which tumbled with oil prices and struggled for the remainder of the session. The day’s economic reports, which included the Empire Manufacturing report, industrial production and capacity utilization reports, and the NAHB housing market index, had little effect on the market. Stocks recovered a bit but did not get back into the green before the close, with investors wondering how the Fed, which begins its final FOMC meeting of the year tomorrow, will view its strategy in light of the recent weakness in oil. ECONOMIC EVENTS: In the U.S., the Empire State manufacturing index fell to -3.6 in December, which was significantly worse than the expectation for it to rise to 12.4 from its prior 10.2 reading. Industrial production jumped 1.3% in November, which was better than the expected 0.7% increase. The NAHB homebuilder sentiment index fell one point to 57 in December, versus expectations for a one point rise to a 59 reading. Near noon, WTI crude was down more than 2% and was trading below $57 per barrel. COMPANY NEWS: Riverbed Technology (RVBD) rose $1.57, or 8.38%, to $20.31 after the company agreed to be acquired by private equity investment firm Thoma Bravo and the private investor department of Ontario Teachers’ Pension Plan. Riverbed stockholders will receive $21 per share in cash, or a total of approximately $3.6B, which Wells Fargo views as a "good decision" and good deal for the company given the challenges in its business... PetSmart (PETM) advanced $3.30, or 4.25%, to $80.97 after the company agreed to be acquired by a consortium led by BC Partners at a price of $83.00 per share in cash. However, the private equity backers of Petco that were not allowed to participate in the auction process because of competition concerns, Leonard Green & Partners and TPG, could still make a rival offer, according to The Deal Pipeline, citing a source familiar with the situation. MAJOR MOVERS: Among the notable gainers was Sorrento Therapeutics (SRNE), which advanced $1.50, or 25.86%, to $7.30 after the company announced that it has entered into a binding agreement with NantWorks founder Dr. Patrick Soon-Shiong to establish a strategic collaboration to jointly develop next generation immunotherapies for the treatment of cancer and auto-immune diseases. Also higher was Cirrus Logic (CRUS), which rallied $4.12, or 21.87%, to $22.96 after Barclays upgraded the stock two notches to Overweight from Underweight and said the company is poised to make significantly more money per each iPhone sold next year. Among the noteworthy losers was CGG SA (CGG), which was downgraded to Underperform at Raymond James and dropped $2.41, or 28.29%, to $6.11 after Technip (TKPPY) said that it does not plan to file a tender for the company after talks between the companies did not result in a deal. Also lower were shares of Habit Restaurants (HABT), which fell $7.20, or 17.19%, to $34.69 as analysts rolled out coverage of the stock following its IPO about a month ago. Amid the coverage initiations, Habit Restaurants shares were initiated with a Neutral and $41 price target at RW Baird, with a Market Perform rating at Wells Fargo, with an Equal Weight at Stephens and with an Overweight rating and $48 target at Piper Jaffray. INDEXES: The Dow fell 99.99, or 0.58%, to 17,180.84, the Nasdaq dropped 48.44, or 1.04%, to 4,605.16, and the S&P 500 declined 12.70, or 0.63%, to 1,989.63.
12:37 EDTTKPPYOn The Fly: Midday Wrap
Subscribe for More Information
10:54 EDTHALStocks with call strike movement; TWTR HAL
Subscribe for More Information
05:25 EDTTKPPYTechnip plans to acquire Zimmer polymer technology business
Subscribe for More Information
December 14, 2014
15:04 EDTTKPPYTechnip ends plans to acquire CGG after talks on deal disappoint
Technip said in a press release: "On November 10 Technip (TKPPY) approached CGG's (CGG) board of directors with a view to making an offer on CGG and sought to engage in a constructive dialogue with CGG to review this project. Further to press leaks, Technip set out the main elements of its industrial project in a press release on November 20. Following CGG’s reaction to this approach, Technip put forward a number of alternative options to a tender offer, taking care as always to consider the social, strategic and financial aspects in each case. However, the discussions of these options did not result in any form of agreement. Under these circumstances, Technip informs the market that it does not intend to file a tender offer for CGG."
December 12, 2014
14:54 EDTNBRNabors Industries volatility elevated as shares near six-year low
Subscribe for More Information
11:15 EDTHALStocks with call strike movement; AAL HAL
Subscribe for More Information
December 11, 2014
12:43 EDTTKPPYFrench government reporedtly scrutinizing potential CGG deal, Reuters says
Subscribe for More Information
09:24 EDTKBRKBR says looks to reduce annual operating expenses by $200M by 2016
Subscribe for More Information
08:08 EDTKBRKBR sees pre-tax charge of $800M-$1B related to restructuring
Effective December 31, 2014, KBR, Inc. will be reorganized into three new businesses. The actions are expected to strengthen KBR's balance sheet by addressing and exiting under-performing and non-strategic businesses. The company expects to realize annual operating cost savings of $200M by 2016, but anticipate taking a pre-tax charge ranging from $800M-$1B, the majority of which will be non-cash. The company currently has a cash balance of approximately $1B and has received approval from its lenders to amend its credit facility for the impact of the anticipated charge.
08:06 EDTKBRKBR to divest or exit several non-strategic businesses
KBR announced the results of a major Strategic Review which will see the company become a more streamlined, empowered and accountable global organization. Effective December 31, 2014, KBR, Inc. will be reorganized into three new businesses that will focus on core strengths in consulting, technology, engineering and construction and government services: Technology & Consulting combines all proprietary KBR technologies, knowledge-based services and KBR companies Granherne, Energo and GVA under one customer-facing global business to provide licensed technologies and consulting services to the oil and gas value chain, for wellhead to crude refining and to specialty chemicals production. In addition to sharing many of the same customers, these businesses share their approach of early and continuous involvement to deliver the most optimal solution to meet the customer's objectives through early planning and scope definition, advanced technologies and project lifetime support. This focus allows early customer engagement and continuity through to full project delivery; Engineering & Construction is KBR's project delivery business. It will leverage our operational and technical excellence as a global provider of engineering, procurement, construction, commissioning and maintenance for oil and gas, refining, petrochemicals, chemicals and industrial customers. Through a regional structure, E&C has been designed to be closer to its customers and capable to execute global project delivery on a consistent basis throughout the world; Government Services will focus on long-term services contracts with annuity streams particularly for the United Kingdom, Australian and United States governments. KBR functions at a corporate level will be streamlined. This will result in a lean corporate office with responsibility for strategy and governance. As a result of this Strategic Review, KBR will be divesting or exiting the following non-strategic businesses as it works to streamline global operations and drive efficiency with a goal of reducing annual operating costs of at least $200M by 2016: Fixed Price EPC Power; Fixed Price EPC Infrastructure and U.S. Minerals; Building Group; and Fixed Price, stand-alone Construction. In addition, options for Canadian module fabrication and U.S. military deployed operations support businesses are still under consideration.
December 10, 2014
08:01 EDTHLX, HALCapital One to hold a conference
Subscribe for More Information
December 9, 2014
10:23 EDTHAL, NBROn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:53 EDTHALHalliburton downgraded to Neutral from Outperform at Macquarie
Subscribe for More Information
05:51 EDTNBRNabors Industries downgraded to Hold from Buy at Jefferies
Subscribe for More Information
December 8, 2014
12:00 EDTKBRKBR to host investor meeting
Investor meeting to be held in New York on December 11 at 9 am. Webcast Link
1 | 2 | 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