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Stock Market & Financial Investment News

News Breaks
March 27, 2012
05:55 EDTINTC, INTC, SYMC, SYMC, BCS, BCS, AON, AON, TYC, TYC, GOOG, GOOG, KO, KO, MMM, MMM, MSFT, MSFTDow Jones Newswires to host a conference
Global Compliance Symposium is being held in Washington, D.C. on March 27-28.
News For INTC;SYMC;BCS;AON;TYC;GOOG;KO;MMM;MSFT From The Last 14 Days
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January 25, 2016
08:22 EDTMSFTMajesco and Microsoft announce favorable court judgment
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07:54 EDTGOOGAlphabet volatility up into Q4, costs, income projects outside of core business
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07:50 EDTTYCJohnson Controls and Tyco host conference call
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07:16 EDTINTCIntel upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Deepon Nag upgraded Intel to Oupterform and raised his price target to $35 from $34 on shares. The analyst believes the combination of easier comps and moderating competition in tablets and smartphones should result in a PC shipment growth acceleration into CY16. Additionally, Nag said Intel has been undershipping end-demand for all of 2015, which adds to estimates and potential upside as the PC supply chain replenishes inventories.
07:08 EDTTYCTyco sees Q1 EPS ex-items 42c vs. previous 40c view
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07:08 EDTTYCJohnson Controls-Tyco company to have 11 directors
Following closing of the transaction, the board of the combined company is expected to have 11 directors, consisting of six directors from Johnson Controls and five directors from Tyco. Alex Molinaroli will be the Chairman and CEO of the combined company. George Oliver will serve as President and COO and serve as a director on the new board, with responsibility for the operating businesses and leading the integration. Molinaroli will serve as Chairman and CEO for a term of 18 months after the closing. At that time, Oliver will become CEO and Molinaroli will become executive chair for one year, after which Oliver will become chairman and CEO.
07:06 EDTTYCTyco to effect a reverse stock split prior to merger
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07:06 EDTTYCJohnson Controls-Tyco company to deliver at least $500M in synergies
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07:04 EDTTYCJohnson Controls and Tyco enter into definitive merger agreement
Johnson Controls (JCI) and Tyco (TYC) announced that they have entered into a definitive merger agreement under which Johnson Controls will combine with Tyco to create the leader in building products and technology, integrated solutions and energy storage. Under the terms of the agreement, which has been unanimously approved by both companies' boards, Johnson Controls shareholders will own approximately 56% of the equity of the combined company and receive aggregate cash consideration of approximately $3.9B. Current Tyco shareholders will own approximately 44% of the equity of the combined company. Under the terms of the proposed transaction, the businesses of Johnson Controls and Tyco will be combined under Tyco International plc, which will be renamed "Johnson Controls plc." The companies expect that shares of the combined company will be listed on the New York Stock Exchange and trade under the "JCI" ticker. Upon the closing of the transaction, the combined company is expected to maintain Tyco's Irish legal domicile and global headquarters in Cork, Ireland. The primary operational headquarters in North America for the combined company will be in Milwaukee, where Johnson Controls has been based. Pro forma for the transaction and separation of Adient, Johnson Controls is expected to have approximately $32 billion of revenue in fiscal year 2016 and $4.5 billion of EBITDA before synergies. Adient is expected to have approximately $16.6 billion of revenue in fiscal year 2016 and $1.6 billion of EBITDA. In addition, Adient is expected to distribute between $2.5 to $3.5 billion to Johnson Controls in conjunction with the spin-off.
07:02 EDTTYCJohnson Controls and Tyco enter into definitive merger agreement
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06:52 EDTTYCOther bidders could emerge for Tyco, says JPMorgan
After the Wall Street Journal reported that Johnson Controls (JCI) is in advanced talks to acquire with Tyco (TYC), JPMorgan analyst Stephen Tusa says other bidders could emerge. United Technologies (UTX) may have interest in Tyco and could likely extract more value than Johnson from the lower tax rate, Tusa tells investors in a research note. The analyst has an Overweight rating on Tyco with a $42 price target. The stock closed Friday up 61c to $30.60.
06:27 EDTGOOGGoogle's added transparency may make ad business seem more profitable, WSJ says
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06:10 EDTTYCJohnson Controls volatility flat into report in merger talks to acquire Tyco
Johnson Controls (JCI) February call option implied volatility is at 36, March is at 32; compared to its 52-week average of 18 to 49, suggesting non-directional price movement into the WSJ reporting its in advanced talks to acquire Tyco International (TYC) for as much as $20B.
06:09 EDTGOOGYouTube hires Broock as 'Global VR Evangelist,' Re/code reports
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05:51 EDTTYCOptions expected to be active: TYC JCI TWTR SUNE AAPL PG HAL AMZN FB
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05:36 EDTINTCStocks with implied volatility below IV index mean; CELG INTC
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January 24, 2016
20:21 EDTTYCOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Twitter (TWTR) could announce a significant executive upheaval Monday, with several product heads said to depart and a new Chief Marketing Officer reportedly stepping in. 2. Johnson Controls (JCI) and Tyco (TYC) are in advanced merger talks, according to the Wall Street Journal. 3. Airbus (EADSY) and Boeing (BA) saw mentions on the heels of Iran's aviation summit as the country eyes big orders to modernize its aging fleet after a lifting of sanctions. 4. SunEdison (SUNE) is set to give David Einhorn's Greenlight Capital a seat on its board, the Wall Street Journal reported. 5. International Paper (IP), Newell (NWL) and Houghton Mifflin (HMHC) were discussed positively by Barron's this weekend, while Chipotle (CMG) was warned against.
19:10 EDTGOOGDaimler CEO: Apple, Google farther along on car than assumed, Reuters says
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14:40 EDTGOOGCollapse in private tech could ripple into public markets, Barron's says
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13:17 EDTTYCJohnson Controls in advanced talks to combine with Tyco, WSJ says
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