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Stock Market & Financial Investment News

News Breaks
November 15, 2012
06:09 EDTMSFT, GM, GS, VOD, HON, BA, VZ, COLOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Honeywell International (HON) and Rockwell Collins (COL) are expected to receive major contracts to supply systems to Boeing (BA) for its updated 737 Max jetliner, sources say, the Wall Street Journal reports...As retailers prepare for the traditional shopping day called Black Friday, they are focusing on the crowds that line up outside stores and increasingly on the masses that shop online from home. Sales growth during the busy Thanksgiving weekend more often comes from Internet shoppers, the Wall Street Journal reports...REUTERS: Vodafone Group (VOD) CEO Vittorio Colao said he could not rule out an exit from the U.S., a day after posting results showing the Verizon Wireless business there has become the main growth engine for the British company. Vodafone owns 45% of Verizon Wireless and Verizon Communications (VZ) owns the rest, Reuters reports...GM (GM) will soon exit one of its venture capital unit's investments, either through an IPO or the acquisition of that company by another, said the company's Chief Technology Officer Jon Lauckner. GM started its venture capital unit more than two years ago with a $200M budget to invest in start-up companies with promising auto-related technologies, Reuters reports...BLOOMBERG: Microsoft (MSFT) CEO Steve Ballmer said the company must exploit the opportunity to combine hardware and software as it challenges Apple’s (AAPL) iPad with the Surface tablet computer, Bloomberg reports...Asia’s bond market is facing a possible bubble after capital inflows surged this year, according to Goldman Sachs Asset Management Co. (GS), Bloomberg reports.
News For HON;COL;BA;VOD;VZ;GM;MSFT;GS From The Last 14 Days
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August 19, 2015
09:45 EDTMSFTMicrosoft dividend raise likely to be modest, says Citi
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09:33 EDTBAActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
08:22 EDTVZSprint traffic levels increasing, says Pacific Crest
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06:45 EDTMSFTMicrosoft in talks to buy Mesophere, The Information reports
Microsoft has made an approach to Mesophere to buy the cloud-computing software startup, The Information reports, citing two sources briefed on the talks. A deal that could be worth about $1B, the report says. Reference Link
August 18, 2015
16:50 EDTGMGM's future Buick production may shift to Europe, China, Reuters reports
According to two sources familiar with General Motors' plans, the majority of Buick vehicles sold in the United States after 2016 may be imported from China and Europe, Reuters reports. Reference Link
15:58 EDTGMGM's future Buick production may shift to Europe, China, Reuters reports
13:14 EDTGSNY court rules Goldman must face Abacus suit, Bloomberg reports
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11:34 EDTVZSprint rises on plans to abandon two-year contracts
Sprint shares are higher this morning after the company's chief executive officer said that the carrier plans to move away from two-year contracts. WHAT'S NEW: In an interview with The Wall Street Journal, Sprint CEO Marcelo Claure said that the company will stop offering two-year contracts by the end of 2015 in favor of a "smartphone lease" model. Sprint began offering a lease option last year, The Journal noted, and Claure said the carrier is planning to move entirely to that model by the end of the year. As part of its shift, Sprint yesterday unveiled iPhone Forever, a new leasing plan that starts at $22 per month for an iPhone. WHAT'S NOTABLE: In a similar move earlier this month, Sprint rival Verizon (VZ) said it would drop phone subsidies and two-year contracts for new customers. T-Mobile (TMUS), another market rival, abandoned contracts over two years ago, leaving AT&T (T) as the only major U.S. carrier still offering to subsidize new smartphone purchases. Separately, Softbank (SFTBF), Sprint's primary stakeholder, disclosed last week that it increased its holdings in the company to approximately 80%, though the company said it does not plan for its stake in the carrier to exceed 85%. Meanwhile, a study released Tuesday by RootMetrics, an independent company that evaluates wireless networks, shows that Sprint is improving its network, having solidified third place nationally in overall performance, surpassing T-Mobile for the second consecutive six-month stretch. PRICE ACTION: Sprint is up 7c, or 1.52%, to $4.67 in morning trading.
06:45 EDTGSNine banks agree to $2B settlement for currency market rigging, FT says
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06:42 EDTGSGoldman buys stake in Piramal Realty, WSJ reports
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06:03 EDTBABoeing's test flight of aerial refueling tanker to be delayed, WSJ reports
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August 17, 2015
16:19 EDTGSSunEdison up 7% to $15.70 after forming asset facility with Goldman Sachs
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16:15 EDTGSSunEdison, Goldman Sachs fund form $1B construction, operating asset facility
SunEdison (SUNE) and West Street Infrastructure Partners III and affiliates, announced the formation of a new $1B warehouse investment vehicle, the WSIP Warehouse, to fund construction costs and to acquire operating assets. TerraForm Power (TERP) will have an exclusive call right over the warehoused assets. The WSIP Warehouse is a $1B investment vehicle with $300M equity committed, subject to certain conditions, by WSIP, the infrastructure fund managed by Goldman Sachs (GS). The debt structuring will be led by Morgan Stanley, Bank of America and Deutsche Bank and will provide commitments for $700M of debt in the form of a $500M, five-year term loan and a $200M, four-year revolving credit facility. SunEdison has the option to expand the facility by up to $1B to a total of $2B, subject to certain conditions. The decision to add additional warehouse capacity was completed following an analysis by SunEdison of its financing requirements through 2016 and after exploring alternative debt and equity transactions. SunEdison continues to explore financing alternatives, including upsizing its existing warehouse facilities and adding new warehouse facilities. Completion of the formation of the WSIP Warehouse and the financial close of the related debt facilities are subject to customary conditions and are expected to occur by Oct. 31, 2015.
16:12 EDTGSSunEdison, Goldman Sachs fund form $1B construction, operating asset facility
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16:00 EDTMSFTOptions Update; August 17, 2015
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09:38 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
07:42 EDTGMNew Street-high target of $465 gives Tesla shares a charge
Shares of Tesla Motors (TSLA) are jumping after Morgan Stanley boosted its price target by $185 to $465, a new high among Wall Street analysts. The company is positioned to dominate as car sales shift to robot-driven and shared vehicles, the firm argues. SELLING MILES: Morgan Stanley analyst Adam Jonas raised his price target for Tesla Motors to $465 from $280, well above Friday's closing price of $243.15. Today, ten trillion vehicle miles are driven annually, with almost all of them delivered by "companies practicing a 100-year-old business model of human-driven, privately owned, internal-combustion vehicles," Jonas tells investors in a research note. General Motors (GM), Ford (F), Toyota (TM) and Honda (HMC) are among the publicly traded traditional carmakers. The market of selling cars is going through some fundamental changes, argues Jonas. He believes Tesla is "uniquely positioned" to dominate given its expertise in autonomous technology and networked machine learning. An app-based, on-demand mobility service could more than triple Tesla's potential revenues by 2029, the analyst estimates. He expects Tesla over the next 18 months to roll out formalized business plans on shared mobility, allowing the electric vehicle maker to sell miles in addition to cars. His new price target of $465 reflects Tesla's potential to lead the revolution of the shared mobility public transportation hyper-structure and more confidence around the commercial viability of Tesla Energy. ROBOT-DRIVEN: Jonas expects nearly all car sales to eventually shift from human-driven, individually-owned cars to robot-driven and shared cars. If Tesla wants to succeed on its mission of accelerating the world's transition to sustainable transport, the move to a shared mobility model is critical, he argues. All of Tesla's cars are electric, connected, and able to "learn" through over-the- air firmware updates at any time, which no other established automaker can claim today, Jonas writes. MARKET REACTION: Investors are buying into what Jonas is arguing. Shares of Tesla are up 5%, or $13.10, to $256.25 in pre-market trading. Over the past three months through Friday's close, the stock is down 2%.
07:39 EDTVOD, MSFT, VZTMC to hold a conference
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06:06 EDTGSGoldman expected to take minority stake in India's Piramal Realty, Reuters says
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August 16, 2015
15:44 EDTGMGeneral Motors to invest 'several million' in historic factory renovation
General Motors announced that the "historic" Durant-Dort Factory One will be converted into an archive and research center as part of a renovation project. GM will invest several million dollars to create a modern archive to house the automotive collection currently located at Kettering University. The archive and research center will occupy the first floor of the east wing of Factory One. GM plans to develop the second floor of the east wing into a meeting area for GM, community and educational groups to conduct STEM-related classes, seminars and, potentially, research. The high-bay area in the west wing of the facility will be renovated to house classic vehicles and other historical artifacts. Once plans are finalized and a general contractor is selected, work on the archive and other interior projects could begin in early 2016 with the project completed in 2017, according to GM. Reference Link
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