New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 19, 2014
09:07 EDTPWRD, CYTX, RAX, ARO, BHP, PDLI, RDEN, HD, ONTY, JMEI, SKH, DKSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Home Depot (HD), up 3.8%... Aeropostale (ARO), up 12%... Dick's Sporting (DKS), up 5.3%... PDL BioPharma (PDLI), up 5.7%. HIGHER: Skilled Healthcare (SKH), up 27.2% after combining with Genesis HealthCare In 100% stock deal... Cytori Therapeutics (CYTX), up 8% after BARDA executes contract option with the company valued at $12.1M... Rackspace (RAX), up 3.2% after Blue Harbour reported a 6.4% stake in the company. DOWN AFTER EARNINGS: Elizabeth Arden (RDEN), down 23.3%... Jumei (JMEI), down 3.5%... Perfect World (PWRD), down 2.4%. LOWER: Oncothyreon (ONTY), down 14.4% after announcing that EMR 63325-009 study did not its meet primary endpoint... BHP Billiton (BHP), down 3% after announcing the demerger of its metals and mining company to be completed in 1H15...
Sign up for a free trial to see the rest of the stories you've been missing.
October 8, 2015
13:36 EDTAROAeropostale signs license agreement with Himatsingka America
Aeropostale announced a domestic licensing agreement for home textiles with Himatsingka America. Under the licensing agreement, Himatsingka will design, manufacture and distribute home textiles such as bedding and bath linens using the Aeropostale label for department stores, big box retailers and wholesale channels across North America. Under this agreement, Aeropostale's expanded home collection is expected to be available during the Back to School 2016 season.
October 7, 2015
10:01 EDTBHPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abbott (ABT) upgraded to Overweight from Equal Weight at Barclays... Anglo American (AAUKY) upgraded to Equal Weight from Underweight at Morgan Stanley... Autohome (ATHM) upgraded to Buy from Neutral at UBS... BHP Billiton (BHP) upgraded to Overweight from Equal Weight at Morgan Stanley... CME Group (CME) upgraded to Buy from Neutral at BofA/Merrill... (CTRP) upgraded to Buy from Neutral at BofA/Merrill... Delek US (DK) upgraded to Outperform from Market Perform at Wells Fargo... E.W. Scripps (SSP) upgraded to Buy from Hold at Evercore ISI... HollyFrontier (HFC) upgraded to Buy from Hold at Deutsche Bank... Kimberly-Clark de Mexico (KCDMY) upgraded to Overweight from Neutral at JPMorgan... Lazard (LAZ) upgraded to Buy from Hold at Sandler ONeill... Lexmark (LXK) upgraded to Neutral from Sell at Citi... Lundbeck (HLUYY) upgraded to Neutral from Sell at Goldman... Marathon Petroleum (MPC) upgraded to Outperform from Market Perform at Wells Fargo... Mead Johnson (MJN) upgraded to Buy from Neutral at Nomura... Morgan Stanley (MS) upgraded at RBC Capital... RELX (RELX) upgraded to Buy from Hold at Deutsche Bank... Rio Tinto (RIO) upgraded to Overweight from Equal Weight at Morgan Stanley... Suez Environnement (SZEVY) upgraded to Buy from Hold at Societe Generale... Trustco Bank (TRST) upgraded to Market Perform from Underperform at Keefe Bruyette.
08:47 EDTBHPOptions expected to be active
Subscribe for More Information
06:15 EDTBHPFranco-Nevada to acquire silver stream on Antamina Mine from Teck Resources
Franco-Nevada (FNV) has agreed to acquire a silver stream on production from the Antamina mine in Peru from Teck Resources (TCK). Teck owns a 22.50% interest in Compania Minera Antamina S.A., the Antamina joint venture company, along with partners BHP Billiton (BHP) - 33.75% -, Glencore Plc - 33.75% - and Mitsubishi Corporation - 10.00% -. Antamina is an established mine that commenced operations in 2001. It is the 8th largest copper mine in the world and is one of the lowest cost copper operations globally. The effective date for the transaction is July 1 and Franco-Nevada is expected to receive 900K-1.1M ounces of silver in Q4. Annual silver stream contributions are expected to average 2.8M-3.2M ounces going forward , with 2016 and 2017 silver deliveries expected to be above average. Antamina would increase Franco-Nevada's GEOs and operating cash flow by approximately 13% and 18% respectively. The mine contains total Measured and Indicated resources of 1.1B tonnes of ore and Inferred resources of 1.3B tonnes of ore. Within the resource envelope, total reserves are 647M tonnes of ore, which are currently constrained by tailings disposal capacity. Current M&I resources are sufficient to support over 20 years of open pit mining. With continued conversion and upgrading of resources, the project could support mining for 30 - 40 years. Franco-Nevada will make a one-time $610M advance payment to Teck upon closing of the transaction. Funding is expected to occur in early-October with first silver delivery to Franco-Nevada in Q4. The stream will be based on all recovered silver from Teck's attributable 22.50% interest in the Antamina mine, subject to a fixed silver payability of 90%. Silver deliveries are scheduled for the 45th day after each calendar quarter end based on the previous quarter's concentrate shipments. Franco-Nevada will pay 5% of the spot silver price for each ounce of silver delivered under the stream. The stream will reduce by one-third after 86M ounces have been delivered under the stream agreement, estimated at current throughput to be approximately 30 years. Silver deliveries under the stream will be an absolute obligation of the joint sellers and are not contingent on the availability of cash flow from the project.
05:20 EDTBHPBHP Billiton upgraded to Overweight from Equal Weight at Morgan Stanley
Subscribe for More Information
October 6, 2015
13:06 EDTRAXAWS, Rackspace pact a sign of consolidation, says Piper Jaffray
Piper Jaffray analyst Gene Munster views the partnership between Amazon Web Services (AMZN) and Rackspace (RAX) as another sign that market offerings are consolidating. The cloud space is set to continue to consolidate toward key winners AWS, Azure and Google (GOOG), Munster tells investors in a research note. He views AWS as the key driver for Amazon shares and the rollout of SaaS products as the next major catalyst. The unit could be worth north of $100B, Munster estimates. He reiterates an Overweight rating on Amazon with a $650 price target.
10:22 EDTBHPBoard cut, unit review push Freeport shares higher
Shares of copper producer Freeport-McMoRan (FCX) are rallying in morning trading after the company announced plans to review strategic alternatives for its oil and gas business. The company also said it would shrink its board to nine members. WHAT'S NEW: Freeport-McMoRan said this morning that it is reviewing strategic alternatives for its oil and gas business, FM O&G, amid a tumble in commodity prices. In a statement, Freeport said it is studying options for achieving self-funding of the oil and gas unit. FM O&G's "high quality asset base, substantial underutilized Deepwater Gulf of Mexico infrastructure, large inventory of low risk development opportunities and talented and experienced personnel and management team provide alternatives to generate value," it wrote. A previously disclosed potential initial public offering of a minority interest in the oil and gas business remains an alternative for future consideration, the company said. The copper producer said that other alternatives under consideration include a spinoff of the company's oil and gas business to shareholders, joint venture arrangements and further spending reductions. In addition to the FM O&G news, Freeport-McMoRan also announced this morning that it reduced the size of its board of directors from 16 to nine members. These actions, the company said, follow "constructive discussions with many of its largest shareholders." The company said five directors have left the FCX board and have been appointed to the FM O&G board, with James Flores named FM O&G Chairman; Flores remains FM O&G's chief executive officer. WHAT'S NOTABLE: Freeport-McMoRan said earlier this year it would consider selling as much as 20% of its oil and gas unit in an IPO. In June, Chief Financial Officer Kathleen Quirk said the company would likely sell less than 20%, since keeping 80% of the unit would provide the company with some tax advantages. Activist investor Carl Icahn raised his stake in Freeport-McMoRan to 8.8% from 8.46% on September 18. Icahn told CNBC on September 30 that it was "right to expect" that he would get involved with the copper producer. Icahn said that too much copper is being produced now, depressing its price, but believes copper will turn in the future. PRICE ACTION: Freeport-McMoRan rose 6.26% to $11.88 in morning trading. Shares are down over 49% year to date. OTHERS TO WATCH: Other major integrated mining companies include Rio Tinto (RIO), BHP Billiton (BHP) and Vale S.A. (VALE).
09:18 EDTRAXRackspace announces agreement with Amazon Web Services
Rackspace (RAX) announces an agreement with Amazon Web Services (AMZN), under which Rackspace will offer "tools, expertise, application management, and operational support" to customers on the AWS Cloud. The core offering, Fanatical Support for AWS, plus three additional beta offerings -- Managed Security for AWS, Compliance Assistance for AWS, and Managed Cloud for Adobe Experience Manager -- reflect Rackspace's "strategy of delivering best in class expertise and support for the world's leading technologies and platforms," it stated. Rackspace also has become an Amazon Web Services authorized reseller, completed the audit to become a Managed Services Partner, and is joining the AWS Partner Network at the Advanced Consulting Partner level with over 100 certified AWS engineers.
October 4, 2015
16:11 EDTBHPBHP Billiton may postpone fundraising plans, Sunday Times says
BHP Billiton may postpone its hybrid bond fundraising efforts amid unfavorable market volatility, reports the Sunday Times, citing market sources. The company had hoped to price the bond this week, but could announce as early as Monday that it will delay its plans, sources told the Times. Reference Link
October 2, 2015
12:19 EDTBHPBHP Billiton downgraded to Hold from Buy at Societe Generale
Subscribe for More Information
07:16 EDTBHPBHP Billiton volatility flat, shares near seven-year low
Subscribe for More Information
September 30, 2015
06:14 EDTRAXRackspace expected to partner with Amazon, WSJ reports
Rackspace Hosting (RAX) is expected to partner with Amazon (AMZN) to make it easier for corporate customers to move computing operations to Amazon Web Services from their own facilities, The Wall Street Journal reports. According to two sources, the partnership, which is similar to an agreement Rackspace signed with Microsoft (MSFT) in July, will be announced at a conference for AWS users next week. Reference Link
September 29, 2015
19:24 EDTAROAeropostale says considering reverse stock split to meet listing requirement
Subscribe for More Information
16:09 EDTAROAeropostale receives NYSE listing notice
Subscribe for More Information
September 28, 2015
07:01 EDTBHPBHP Billiton volatility flat as shares near seven-year low
Subscribe for More Information
September 24, 2015
07:44 EDTHDAtlanta Society of Finance & Investmen Professionals holds breakfast meeting
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 disclaimer & terms of use