New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 28, 2013
07:07 EDTSWK, UTX, UNP, DD, HON, ETH, OSKHousing recovery seen in corporate results, WSJ reports
The U.S. housing recovery is beginning to show up in corporate results. Companies that sell power tools, air conditioners, carpet fibers, furniture and cement mixers are reporting stronger sales for the fourth quarter, providing further evidence that a turnaround in the housing market is taking hold, reports the Wall Street Journal.Reference Link
News For HON;UTX;OSK;DD;SWK;ETH;UNP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 25, 2015
17:43 EDTUTXPratt & Whitney awarded $214.6M government contract modification
United Technologies, Pratt & Whitney, Military Engines, is being awarded a $214.6M modification to a previously awarded fixed-price-incentive-firm, cost-plus-incentive-fee contract for Low Rate Initial Production, or LRIP, Lot 10 annualized sustainment in support of the F-35 Joint Strike Fighter aircraft for the U.S Navy, U.S Air Force, U.S. Marine Corps, Non -U.S. Department of Defense (DoD) participants and foreign military sales customers. This effort includes support services for LRIP 10 propulsion systems as well as hardware and training course material and equipment. Work is expected to be completed in April 2019. FY16 aircraft procurement funds; FY16 operations and maintenance funds; non-U.S. DoD participants and foreign military sales funds in the amount of $214.6M are being obligated on this award, none of which will expire at the end of the current fiscal year. This contract combines purchases for the U.S. Air Force; U.S. Marine Corps; the U.S. Navy; international partners; and foreign military sales customers under the Foreign Military Sales program. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.
November 24, 2015
11:48 EDTETHEthan Allen preliminary AM results indicate investors elect director nominees
Subscribe for More Information
10:42 EDTETHSandell says 'disappointed' directors not elected to Ethan Allen board
Subscribe for More Information
November 23, 2015
12:26 EDTHON, UTXCredit Suisse removes General Electric from focus list after recent run-up
Shares of global industrial giant General Electric (GE) are lower in afternoon trading after Credit Suisse's Investment Policy Committee removed the company's shares from the U.S. Focus List. WHAT'S NEW: In a note to investors this morning, Credit Suisse analyst Julian Mitchel and team noted that the firm's Investment Policy Committee removed GE shares from the U.S. focus list after the recent upward move in shares. The firm, which added GE shares to its Focus List on September 16, said the catalysts that it highlighted at that time are now largely reflected in the share price. WHAT'S NOTABLE: Although it removed GE from its U.S. and Global Focus lists, Credit Suisse maintained its Overweight rating on shares and increased its price target to $34 from $31. The firm sees GE as just starting to accelerate measures to drive up its gross margins, whereas its sector peers have already been splitting, spinning off or selling assets to enhance their profit margins higher for years. With GE selling most of its capital intensive and low-to-no growth Capital business while redirecting capital to higher growth and higher margin industrial business, Credit Suisse said shares deserve a higher premium than its peers Honeywell (HON) and United Technologies (UTX). PRICE ACTION: Shares of General Electric are down 0.65% to $30.46 in midday trading.
November 19, 2015
07:30 EDTSWK, HONUBS to hold a conference
Subscribe for More Information
November 18, 2015
08:50 EDTETHEthan Allen urges stockholders to vote for director nominees
Ethan Allen issued an open letter to stockholders in connection with its upcoming 2015 Annual Meeting of Stockholders, in which it stated in part: "As you may know, Sandell Asset Management ("Sandell"), a stockholder owning approximately 5.5% of Ethan Allen's outstanding shares, is attempting to take control of your Board by replacing six of seven directors. The Sandell slate of nominees lacks important and relevant experience in Ethan Allen's global, vertically integrated business and has no experience in areas critical to the execution of the Company's strategy, including e-commerce...While we are focused on the future, our recent fiscal first quarter 2016 results underscore the strength of our strategy that the Board and management team are implementing and the value it is creating...We urge you not to risk electing Sandell's nominees, who we believe are not additive to the diverse and highly relevant expertise of the Ethan Allen Board that has a demonstrated track record of execution and stockholder value creation...We reiterate that ISS, Glass Lewis and Egan-Jones have all rejected Sandell's attempt to take control of the Board."
06:01 EDTDDMonsanto studying possibility for consolidation in agrochem sector, Reuters says
Subscribe for More Information
November 17, 2015
17:32 EDTUNPNorfolk Southern spikes after Canadian Pacific proposes merger
Shares of railroad operator Norfolk Southern (NSC) are spiking in the after-hours after rival Canadian Pacific (CP) announced that it has sent an offer letter to Norfolk Southern proposing a business combination. WHAT'S NEW: After the close of trading on Tuesday, Canadian Pacific proposed a business combination with Norfolk Southern "that would create a transcontinental railroad with the scale and reach to deliver improved levels of service to customers and communities while enhancing competition and creating significant shareholder value." Canadian Pacific noted that the proposal reflects a "sizable premium in cash and stock offered to NS shareholders." The combined company would have a potential for faster earnings growth than either of the companies independently, CP noted, while offering unparalleled customer service and competitive rates to shippers." The combined company would innovate a new approach to terminal access that would allow another carrier to operate from a point of connection in the event the combined company failed to provide adequate service or competitive rates. The combination of NS and CP would provide a solution to "bottleneck pricing" and alleviate congestion in Chicago by channeling rail traffic away from Chicago. WHAT'S NOTABLE: According to a Globe and Mail report from earlier Tuesday, Keith Creel the COO of Canadian Pacific, who was speaking at a transportation conference, said rail mergers are inevitable but the executive "refused" to confirm past reports that the railroad operator was in talks to acquire rival Norfolk Southern. ANALYST VIEW: ON November 12, research firm BB&T said it believes there are many scenarios in which a merger between Canadian Pacific and Norfolk Southern would benefit both companies. The firm said that Norfolk Southern shareholders would get a 20%-30% premium above the stock's current level, while Canadian Pacific's potential revenue growth issues would be solved and its 2018 EPS would be boosted by 20% plus. PRICE ACTION: Shares of Norfolk Southern are up 6.9% to $93.00, while Canadian Pacific shares are unchanged. OTHERS: Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Genesee & Wyoming (GWR), Kansas City Southern (KSU) and Union Pacific (UNP).
08:29 EDTDDDuPont price target raised to $76 from $63 at Citi
Subscribe for More Information
November 16, 2015
18:42 EDTHONHoneywell to power Cessna's new Citation Longitude business jet
Subscribe for More Information
17:06 EDTOSKOshkosh files automatic mixed securities shelf
Subscribe for More Information
16:39 EDTETHEthan Allen says proxy advisor Egan-Jones in favor of company nominees
Subscribe for More Information
08:37 EDTETHEthan Allen: ISS, Glass Lewis recommend all Ethan Allen board nominees
Ethan Allen announced that Institutional Shareholder Services, or ISS, and Glass Lewis have recommended that shareholders reject efforts by Sandell Asset Management to replace six members of the company's board. Glass Lewis has recommended Ethan Allen shareholders vote FOR ALL of the Ethan Allen nominees on the WHITE proxy card. The Ethan Allen board has been recently refreshed through the addition of two new independent directors and is composed of highly qualified directors with a range of experience and expertise in areas critical to Ethan Allen's business, including furniture and retail, e-commerce, real estate and finance. The Ethan Allen Board has a strategic and operating plan in place that is delivering value and continuing to transform the company, with industry leading margins and accelerating top line growth due to its ongoing initiatives. Ethan Allen stockholders are reminded that their vote is important, no matter how many or how few shares they own. The Ethan Allen Board urges shareholders to vote the WHITE proxy card today "FOR ALL" of Ethan Allen's director nominees: James Carlson, Clinton Clark, John Dooner, Jr., Domenick Esposito, M. Farooq Kathwari, James Schmotter and Tara Stacom.
08:15 EDTETHSandell says ISS recommends Ethan Allen investors vote for director nominees
Subscribe for More Information
07:03 EDTHONHoneywell acquires Satcom1
Subscribe for More Information
06:32 EDTUTXUnited Technologies reinstated with a Neutral at Credit Suisse
Subscribe for More Information
05:45 EDTHONHoneywell Aerospace expects 9,2000 deliveries of new business jets through 2025
Subscribe for More Information
November 15, 2015
19:24 EDTETHISS backs three Sandell nominees for Ethan Allen board, WSJ says
Proxy advisory firm Institutional Shareholder Services has recommended Ethan Allen shareholders vote for three of the six board candidates nominated by activist investment firm Sandell Asset Management, reports the Wall Street Journal. ISS noted that Sandell has made a "compelling case that change at the board level is warranted," the report adds. Reference Link

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