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Stock Market & Financial Investment News

News Breaks
February 25, 2013
12:40 EDTKMB, INFY, MOS, IPOptions with increasing implied volatility: INFY IP MOS KMB
News For INFY;IP;MOS;KMB From The Last 14 Days
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March 2, 2015
08:02 EDTKMBKimberly Clark announces aviation collaboration with Eastman Chemical
Kimberly-Clark Professional, a division of Kimberly-Clark (KMB), announced a strategic collaboration with Eastman Aviation Solutions, a division of Eastman Chemical (EMN), to better support aviation original equipment manufacturers; maintenance, repair and overhaul workplaces; and component suppliers who use consumable products and chemicals in critical manufacturing and return-to-service tasks. This collaboration will enable both companies to deliver innovative, task-critical solutions to aviation customers around the world. Kimberly-Clark Professional will develop personal protective equipment specifically designed for use with products supplied by Eastman Aviation Solutions, along with future innovations that make chemical application as part of surface preparation and maintenance servicing tasks more efficient.
07:25 EDTIPPackaging sector downgraded to Market Weight at Wells Fargo
Wells Fargo downgraded the Packaging sector to Market Weight from Overweight saying current valuation levels reflect known catalysts. Wells made no stock rating changes along with the sector, and continues to view International Paper (IP) and Crown Holdings (CCK) as its top picks. Other Outperform ratings in the space include Berry Plastics (BERY), Greif (GEF), Owens-Illinois (OI) and Packaging Corp. (PKG).
05:48 EDTINFYInfosys signs five-year agreement with TNT
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February 27, 2015
12:19 EDTIPInternational Paper files automatic mixed securities shelf
February 24, 2015
10:00 EDTIPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded to Neutral from Outperform at Macquarie... American Airlines (AAL) downgraded to Market Perform at Cowen... Armstrong World (AWI) downgraded to Hold from Buy at KeyBanc... Basic Energy (BAS) downgraded to Outperform from Strong Buy at Raymond James... CSC (CSC) downgraded at Stifel... Chevron (CVX) downgraded to Perform from Outperform at Oppenheimer... Choice Hotels (CHH) downgraded to Underweight from Equal Weight at Barclays... Eni SpA (E) downgraded to Underperform from Hold at Jefferies... Fifth Street Asset (FSAM) downgraded to Neutral from Outperform at Credit Suisse... HSBC (HSBC) downgraded to Neutral from Buy at UBS... Home Loan Servicing (HLSS) downgraded to Neutral from Overweight at Piper Jaffray... Huntington Ingalls (HII) downgraded to Underperform from Neutral at Credit Suisse... International Paper (IP) downgraded to Hold from Buy at Deutsche Bank... Kayne Anderson (KED) downgraded at Stifel... Landstar System (LSTR) downgraded to Hold from Buy at Deutsche Bank... Multi-Color (LABL) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Newmont Mining (NEM) downgraded to Neutral from Overweight at HSBC... ONEOK Partners (OKS) downgraded to Underweight from Neutral at JPMorgan... ONEOK (OKE) downgraded to Underweight from Neutral at JPMorgan... Olympic Steel (ZEUS) downgraded to Underperform from Neutral at Credit Suisse... Polypore (PPO) downgraded to Market Perform from Outperform at William Blair... Rosetta Resources (ROSE) downgraded to Equal Weight from Overweight at Stephens... Salix (SLXP) downgraded to Neutral from Buy at UBS... Sprint (S) downgraded to Sell from Neutral at BTIG... St. Jude Medical (STJ) downgraded to Underperform from Outperform at Credit Suisse... Timmins Gold (TGD) downgraded on lack of near-term production catalysts at RBC Capital... Transocean Partners (RIGP) downgraded to Underweight from Equal Weight at Barclays... Vodafone (VOD) downgraded to Underperform from Neutral at BofA/Merrill... Williams Partners (WPZ) downgraded to Neutral from Buy at Citigroup... Williams (WMB) downgraded to Neutral from Buy at Citigroup... Worthington (WOR) downgraded to Neutral from Outperform at Credit Suisse... Zillow Group (Z) downgraded at Macquarie.
07:45 EDTIPInternational Paper downgraded to Hold from Buy at Deutsche Bank
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February 23, 2015
09:04 EDTKMBKimberly Clark signs agreements to purchase pension annuity contracts
Kimberly-Clark announced it has entered into purchase agreements with The Prudential Insurance Company of America and Massachusetts Mutual Life Insurance Company for group annuity contracts that will transfer payment responsibility for retirement pension benefits owed to approximately 21,000 Kimberly-Clark retirees in the U.S. to the two insurers. By transferring the obligations to Prudential and MassMutual, Kimberly-Clark will reduce its pension projected benefit obligation by approximately $2.5B. Kimberly-Clark expects to make a $400M to $475M contribution to its U.S. pension plan to support this transaction. This contribution will be funded by debt financing and is incremental to the company's previous assumption for 2015 global defined benefit pension plan contributions of up to $100M. As a result of the annuity purchases, Kimberly-Clark expects to recognize a non-cash pension settlement charge of $0.8 billion after tax ($1.3 billion before-tax) in the second quarter of 2015. This charge will be excluded from the company's 2015 adjusted results.
07:49 EDTIPFebruary fall in paper prices a modest negative, says Jefferies
Jefferies notes that according to PPW, unbleached kraft paperboard and solid unbleached sulfate prices fell modestly in February due to weak frozen food and beverage demand. The firm views the drop in SBS prices as a modest negative for RockTenn (RKT)/MeadWestvaco (MWV), Graphic Packaging (GPK) and International Paper (IP). It feels the impact should be limited, however, given the lag on the pass throughs in the converting business.
07:40 EDTMOSBMO Capital to hold a conference
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February 19, 2015
09:03 EDTKMBKimberly Clark increases dividend 4.8% to 88cc
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February 18, 2015
16:32 EDTKMBKimberly Clark CFO Buthman plans to retire at year end, Maria Henry to succeed
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07:07 EDTIPBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
05:13 EDTINFYInfosys announces multi-year, multimillion-dollar partnership with ABN AMRO
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