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Stock Market & Financial Investment News

News Breaks
January 28, 2013
07:07 EDTUNP, DD, HON, ETH, OSK, SWK, UTXHousing 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
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June 16, 2015
16:50 EDTUTXAerojet reports termination of potential acquisition of interest in RD Amross
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16:24 EDTOSKOn The Fly: Top stock stories for Tuesday
Stocks began the day slightly lower but began to move higher shortly after the open. The market began to drift higher before the noon hour as European markets closed in positive territory. Investors are now looking toward and positioning ahead of the week's big event, namely tomorrow's scheduled policy announcement from the Federal Reserve and the associated press conference by Chairwoman Janet Yellen. ECONOMIC EVENTS: In the U.S., housing starts were down 11.1% to a 1.036M rate in May, versus expectations for a decline of 4%. Building permits were up 11.8% to a 1.275M rate, versus expectations for a decline of 3.5% in May. In Europe, the ZEW index of economic sentiment in Germany plunged to 31.5 this month from a reading of 41.9 in May. COMPANY NEWS: Gap (GPS) held its annual investor meeting today, but made its big news last night prior to the meeting by announcing that it will close about 175 of its namesake brand's stores in North America over the next few years. Gap estimated an annualized sales loss of approximately $300M associated with the closures and sees one-time costs primarily associated with these actions to be in the range of approximately $140M-$160M, the company noted. Gap shares advanced 55c, or 1.44%, to $38.75 following the announcement and meeting... Kirk Kerkorian, the founder of MGM Resorts (MGM) and one of the company's largest shareholders, died Monday night, the company confirmed. Kerkorian owned Tracinda Corporation, a private investment firm that disclosed a 16.19% stake in MGM Resorts and stated that its position in the common stock became subject to the terms of Kerkorian's will upon his death. The will instructs the executor of Kerkorianís estate, Anthony Mandekic, to execute an orderly disposition of Tracindaís position in the common stock, the firm stated. MAJOR MOVERS: Among the notable gainers was Coty (COTY), which advanced $5.04, or 19.35%, to $31.09 after The New York Post and Reuters reported that the company had won an auction to buy three Procter & Gamble (PG) beauty businesses valued at $12B. Shares of P&G, meanwhile, added 98c, or 1.25%, to $79.10 following the reports. Also higher were shares of NCR Corp. (NCR), which rose $3.36, or 10.71%, to $34.73 after Reuters reported that private equity firms Blackstone (BX) and Carlyle Group (CG) are planning to jointly bid for the company in a deal that could be worth over $10B, including debt. Among the noteworthy losers was Avalanche Biotechnologies (AAVL), which dropped $21.83, or 56.15%, to $17.05 after the company reported the results of a study of its AVA-101 drug for wet age-related macular degeneration, or wet AMD. Also lower were shares of Oshkosh (OSK), which fell $3.59, or 7.14%, to $46.71 after cutting its FY15 adjusted EPS view to $3.75-$4.00 from $4.00-$4.25, noting that sales and earnings for its third quarter, principally in its access equipment segment, have been hurt by several factors including severe weather conditions, potential rental industry consolidation and, to a lesser extent, new product launch delays. INDEXES: The Dow rose 113.31, or 0.64%, to 17,904.48, the Nasdaq added 25.58, or 0.51%, to 5,055.55, and the S&P 500 gained 11.86, or 0.57%, to 2,096.29.
16:02 EDTUTXEsterline, United Technologies announce long-term supply agreement
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11:59 EDTUTXKorean Air selects Pratt & Whitney's PurePower engines
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10:44 EDTOSKOshkosh says does not need acquisitions to grow at this point
Comment from Stifel Industrials Conference.
09:29 EDTUTXSikorsky Aircraft to deliver seven S-92 helicopters to Bristow Helicopters
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09:14 EDTUTXSMBC Aviation Capital selected Pratt & Whitney's engine for thirty Airbus
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07:41 EDTUNPRail sector risk/reward attractive, but patience required, says UBS
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07:32 EDTOSKOshkosh sees Q3 adjusted EPS approximating 3Q14 EPS
The company expects that EPS for the third quarter of fiscal 2015 will approximate the adjusted EPS reported in the third quarter of fiscal 2014. Previously, the company commented that it believed EPS for the third quarter of fiscal 2015 would be above EPS for the third quarter of fiscal 2014. The company reported adjusted EPS of $1.23 for the third quarter of fiscal 2014. Consensus is $1.48. Oshkosh noted that sales and earnings for the third quarter of fiscal 2015, principally in its access equipment segment, have been impacted by several factors including severe weather conditions that continued into the third fiscal quarter, potential rental industry consolidation and, to a lesser extent, new product launch delays.
07:31 EDTOSKOshkosh cuts FY15 adjusted EPS view to $3.75-$4.00 from $4.00-$4.25
Consensus is $4.04.
06:10 EDTUTXAirbus, Boeing, Lockheed among companies eyeing Sikorsky, WSJ says
Guillaume Faury, the president of Airbus Helicopters (EADSY), is said to be watching United Technologies' (UTX) plan to offload its Sikorsky unit, though Airbus has not committed to making a bid for its rival, The Wall Street Journal reports. United Tech said yesterday that it will sell or spin off Sikorsky, which makes Black Hawk helicopters, within the next two months. Sources say that in addition to Airbus potentially being interested in Sikorsky, there is also interest coming from Lockheed Martin (LMT), Boeing (BA) and Textron (TXT). Reference Link
05:42 EDTUTXPratt & Whitney and OEM collaborators signs agreement formalizing MRO network
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05:40 EDTUTXWizz Air receives Pure-V recognition for fleet of 120 V2500 engines
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05:39 EDTUTXSAS selects V-services for 50 V2500 engines
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05:39 EDTUTXAir New Zealand extends V2500 engine maintenance agreement with Pratt & Whitney
Air New Zealand has signed a Maintenance Services Agreement extension with the Pratt & Whitney Christchurch Engine Centre to maintain its fleet of 58 V2500 engines for an additional five years supporting the airline's Airbus A320 operations. The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines. This announcement follows Air New Zealand's recent selection of Pratt & Whitney's PW1100G-JM engines for 13 firm A320neo family aircraft and provision of fleet management support services for up to 16 years.
05:37 EDTUTXPratt & Whitney enters long term agreement with Levitt Engineering
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05:36 EDTUTXWizz Air selects V2500 engine for 17 aircraft order
Wizz Air has selected the V2500 engine to power a new fleet of 17 previously announced Airbus (EADSY) A321ceo family aircraft. The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney (UTX), Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines. This new order supplements an existing order for 179 V2500 engines, bringing the new total number of V2500 engines in Wizz Air's fleet to 213, including spares. The agreement also includes a long-term flight hour agreement.
05:36 EDTUTXPratt & Whitney initiates testing for PurePower PW1900G test engine
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05:34 EDTUTXUTC Aerospace Systems extends long term CARE agreement with Japan Airlines
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05:33 EDTUTXUTC Aerospace Systems CARE program selected by Beijing Capital, Tianjin Airlines
UTC Aerospace Systems has been selected to provide asset management and repair services for components on 44 aircraft operated by Beijing Capital Airlines and Tianjin Airlines. The work will be provided under UTC Aerospace Systems' Comprehensive Accessory Repair and Exchange program. As part of the agreement, UTC Aerospace Systems will provide inventory support and maintenance, repair and overhaul services for the two airlines' Airbus A320 fleet. The 10-year agreement includes support of more than 40 engine accessories on the Pratt & Whitney V2500 engines.
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