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June 24, 2014
10:11 EDTIHS, APC, UPSJoint Economic Committee to hold a hearing
The Committee holds a hearing entitled, "Economic Impact of Increased Natural Gas Production" with Vice Chairman Yergin of IHS, Vice President Bruce of UPS and Executive Vice President Meloy of Anadarko on June 24 at 10 am. Webcast Link
News For IHS;UPS;APC From The Last 14 Days
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October 2, 2015
08:03 EDTUPSConcerns about XPO Logistics 'rather overblown,' says Stifel
After meeting with XPO's (XPO) senior management and attending a Q&A session held by its CEO, Stifel says that the Con-way deal will enable the company to compete in new markets and should create "a lot more value over time" than the UPS (UPS)-Coyote deal. The firm is very upbeat on XPO's management team. It keeps a $62 price target and Buy rating on the shares.
07:35 EDTUPSUPS lobbies EU against FedEx-TNT merger, Bloomberg says
UPS (UPS) is lobbying to the EU against FedEx's (FDX) offer to acquire TNT Express (TNTEY), Bloomberg reports, citing people familiar with the EU's investigation of the proposed FedEx-TNT tie-up. UPS' proposal to acquire TNT Express was blocked by the EU two years ago, the report says. Reference Link
06:20 EDTUPSEU may demand concessions in FedEx, TNT merger, WSJ reports
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October 1, 2015
06:10 EDTUPSUPS to take minority stake in tech startup Ally Commerce, WSJ reports
UPS is investing in Ally Commerce, a tech startup that bypasses middlemen and allows brand manufacturers to set up websites and sell directly to consumers, The Wall Street Journal reports. UPS is set to take a minority stake in the startup, though exact terms of the investment have not been disclosed. Reference Link
06:09 EDTIHSIHS Inc. files automatic mixed securities shelf
September 30, 2015
18:28 EDTIHSCourt says Interior Department lacks authority for fracking rule, WSJ reports
A federal court judge ruled that the Interior Department lacked the authority to institute a stricter rule on fracking, reports the Wall Street Journal, citing Judge Scott Skavdahl's preliminary injunction. Publicly traded companies in the space include Baker Hughes (BHI), IHS Inc. (IHS), Halliburton (HAL), Nabors Industries (NBR), and Weatherford (WFT). Reference Link
September 29, 2015
16:24 EDTIHSOn The Fly: Top stock stories for Tuesday
Stocks on Wall Street hovered near the flat line throughout today's session before finishing mixed, with the Dow and S&P rising and the Nasdaq falling. A measure of U.S. home prices rose by about 5% in July compared to the prior year, as expected, while a measure of consumer confidence was stronger than expected. ECONOMIC EVENTS: In the U.S., consumer confidence unexpectedly rose in September. Analysts expected the consumer confidence reading to pull back to 96.8 from the prior 101.5 figure, but it actually strengthened to 103.0. The S&P/Case Shiller composite index of 20 metro areas in July gained 5% year over year, which was just below the projected a 5.1% gain. Stocks sold off in much of Asia last night, with China's Shanghai composite index sliding 2% while Japan's Nikkei dropped 4%, erasing year-to-date gains in the process. India was the one country in the region to buck the trend of stock market declines, after the Reserve Bank of India made a larger than expected cut to its interest rates, lowering its benchmark policy rate to 6.75% from 7.25%. COMPANY NEWS: Shares of Yahoo (YHOO) advanced about 2.4% to $28.26 after its board authorized the company to continue to pursue its spin-off of Aabaco Holdings, a newly formed independent company that will hold all of Yahoo's remaining holdings in Alibaba Group (BABA)... Reynolds American announced that the international rights to the Natural American Spirit brand name and associated trademarks, along with the international companies that distribute and market the brand outside the U.S., will be sold to the Japan Tobacco Group in an all-cash transaction with a value of about $5B. The purchase does not include the rights to the Natural American Spirit brand name and associated trademarks in the U.S. market or U.S. territories, which will be retained by a wholly owned subsidiary of RAI. MAJOR MOVERS: Among the notable gainers was IHS (IHS), which advanced $5.22, or 4.96%, to $110.56 after the company reported earnings and commented on its associated conference call that it was not pursuing an acquisition of Solera (SLH), whose shares lost 2.3% after the news. Also higher was Nexstar (NXST), which rose 8% to $46.99 after an upgrade to Buy at Jefferies, with the research firm saying it assumes the company's offer for Media General (MEG) will ultimately find shareholder support. Among the noteworthy losers was Esperion (ESPR), which lost $16.76, or 47.76%, to $18.33 after warning that the FDA could mandate additional studies before approving the company's ETC-1002 treatment. Also lower was Team (TISI), which dropped $7.93, or 19.34%, to $33.08 after pre-announcing Q1 earnings, with figures coming in significantly below expectations on what the company called softness in demand. INDEXES: The Dow rose 47.24, or 0.3%, to 16,049.13, the Nasdaq lost 26.65, or 0.59%, to 4,517.32, and the S&P 500 advanced 2.32, or 0.12%, to 1,884.09.
10:51 EDTIHSIHS Inc. CEO says not pursuing acquisition of Solera
IHS Inc. (IHS) issued a press release to confirm that during its earnings call earlier with analysts, IHS Chairman and CEO Jerre Stead responded to speculation about IHS acquiring Solera (SLH). Stead said: "Our normal practice is to not comment on market rumors or speculation and I have only done so one other time. However, since the recent speculation is causing uncertainty for shareholders I feel it appropriate to comment that we are not pursuing the acquisition of Solera. We will not be commenting further on this topic."
10:47 EDTIHSSolera slumps after IHS says not planning to pursue acquisition
Shares of Solera (SLH) are lower this morning after IHS Inc. (IHS) commented on its earnings conference call that it was not pursuing an acquisition of the software and service provider. Meanwhile, IHS is higher in morning trading after it reported third quarter earnings that were better than analysts expected. WHAT'S NEW: IHS, a global source of information and analytics, reported Q3 adjusted earnings per share of $1.56 on revenue of $587.95M, beating analysts' consensus estimates of $1.47 and $579.07M, respectively. The company said subscription revenue was up 8% to $466.6M in the quarter. Looking ahead, IHS forecast fiscal year 2015 adjusted EPS at the high end of its prior $5.80-$6.00 guidance, with FY15 revenue at the mid-point of its $2.3B-$2.34B guidance, against analysts' estimates of $5.92 and $2.32B, respectively. The company sees FY15 subscription revenue growth at the low end of its 5%-6% range, negative non-subscription organic growth and total organic growth for the fiscal year of 1%-2%. WHAT'S NOTABLE: IHS commented on its earnings conference call that while it is not its usual practice to comment on market rumors, it is not pursuing an acquisition of Solera. IHS noted that the recent market speculation was "causing uncertainty" for its shareholders. Reuters reported on Friday that IHS was preparing to make a stock-and-cash bid for Solera this week that would exceed Vista Equity Partners' $55.85 per share offer for Solera. Vista is planning to buy Solera for about $6.5B including net debt. According to sources, Reuters said that IHS sees synergies between Solera and its R.L. Polk & Co unit. Today, IHS said on its call that when the "right" acquisitions come that fit its criteria of being very accretive to EPS and strategically complementary, "we'll look forward to acquiring them." PRICE ACTION: Solera is down 2.3% to $53.79 in morning trading. Meanwhile, IHS is up 5.6% to $111.25.
09:34 EDTUPSDetroit Economic Club to hold a luncheon meeting
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09:29 EDTAPCDeutsche Bank to hold a conference
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09:27 EDTIHSOn The Fly: Pre-market Movers
HIGHER: Yahoo (YHOO), up 4.5% after the company's board authorized the company to continue to pursue its spin-off of Aabaco Holdings, a newly formed independent registered investment company that will hold all of Yahoo's remaining holdings in Alibaba Group (BABA)... Phoenix Companies (PNX), up 164% after Nassau Reinsurance agreed to acquire Phoenix for $37.50 per share in cash... McDonald's (MCD), up 1.4% after the stock was upgraded to Outperform at Credit Suisse... Johnson & Johnson (JNJ), up 1% following upgrade at Deutsche Bank. LOWER: Esperion (ESPR), down 29% after reporting that the FDA has encouraged the company to initiate a cardiovascular outcomes trial promptly since any concern regarding the benefit/risk assessment of ETC-1002 could necessitate a completed cardiovascular outcomes trial before approval... Solera (SLH), down 2% after IHS (IHS) said on its earnings call that it is not pursuing an acquisition of the company, as previouly indicated in media reports... Zosano (ZSAN), down 54% after the company announced that it would discontinue its ZP-PTH agreement with Eli Lilly (LLY).
09:23 EDTIHSIHS Inc. to hold a conference
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08:20 EDTIHSSolera drops 2% in pre-market trade after IHS denies pursuit
On its Q3 earnings conference call, IHS (IHS) said its normal practice is not to comment on market rumors or speculation, but it clarified that it is not pursuing an acquisition of Solera (SLH). Reuters reported Friday that IHS was preparing to make a stock-and-cash offer for Solera that would exceed Vista's $55.85 per share bid. Shares of Solera are down a bit over 2% to $53.79 in pre-market trading while IHS' earnings call continues.
08:15 EDTIHSIHS Inc. says not pursuing acquisition of Solera
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06:04 EDTIHSIHS Inc. sees FY15 adjusted EPS in high end of $5.80-$6.00, consensus $5.92
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06:03 EDTIHSIHS Inc. reports Q3 total organic revenue growth of 3%
Reports Q3 subscription organic revenue growth of 5%.
06:02 EDTIHSIHS Inc. reports Q3 adjusted EPS $1.56, consensus $1.47
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September 28, 2015
15:00 EDTIHSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include IHS (IHS), consensus $1.47.
September 27, 2015
21:12 EDTIHSIHS preparing offer for Solera, Reuters says
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