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Stock Market & Financial Investment News

News Breaks
January 24, 2014
11:23 EDTEADSY, JNPR, AGU, EQIX, BA, CAMJANA reports new stakes in Juniper, Cameron, Equinix, Airbus
In its most recent quarterly letter to investors, JANA Partners reported new stakes in Juniper Networks (JNPR), Equinix (EQIX), Cameron International (CAM), and Airbus (EADSY). JUNIPER STAKE: JANA's position in Juniper makes it the second noted hedge fund to take an activist stake in the company, joining Elliott Management. JANA says it sees at least $300M of potential savings the company can undertake, adding 40c to EPS, and the firm also says Juniper's balance sheet is overcapitalized. JANA noted it has engaged Juniper on its proposals for increasing shareholder value. OTHER STAKES: JANA also disclosed a new stake in data center operator Equinix. JANA says it "takes comfort" in the fact that 95% of Equinix's revenue is recurring monthly, and says it expects the company will be granted a Private Letter Response by the IRS to convert to a REIT. JANA said it made Cameron International one its largest commitments after the company reported worse-than-expected third quarter earnings in October. The firm expects Cameron to recover margins in 2014, and longer-term sees potential for normalized earning power of more than $5.00 per share. JANA also said it initiated a stake in Airbus, and favorably compared the plane manufacturer to its American-based rival, Boeing (BA). JANA says that at this time a year ago, it took a stake in Boeing, which was one of the firm's most successful investments in 2013, and believes Airbus is now the superior aerospace opportunity. JANA also noted in its letter that its 2013 overall performance of 28.2% fell short of its expectations, primarily due to a drag from an investment in Agrium (AGU), which the firm has now exited. PRICE ACTION: Reports of JANA's stake in Juniper, which broke late last night, coincided with the company's report of better-than-expected earnings. Additionally, no less than three analyst firms have upgraded Juniper's shares, which are up better than 9% in late morning trade. Shares of Equinix jumped following initial reports of JANA's stake and are up about 2% in late morning trade. Following reports of JANA's stake in Cameron, shares jumped, but have since pulled back to be just slightly positive for the session.
News For JNPR;CAM;EQIX;EADSY;BA;AGU From The Last 14 Days
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March 23, 2015
08:01 EDTBABofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
March 20, 2015
07:31 EDTCAMOneSubsea delivers first subsea multiphase compressor to Statoil
OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has delivered the world's first subsea Multiphase Compressor to Statoil (STO) for the Gullfaks South field in the North Sea. The subsea multiphase compressor enables boosting of unprocessed wet gas production fluids, while eliminating the need for an upstream separation facility or an anti-surge system, making it the industry's only true wet gas compressor. It is expected to increase the recovery rate for the Gullfaks South Brent reservoir by 22M barrels of oil equivalent.
07:24 EDTJNPRBroadcom chip renews competition with in-house hardware makers, WSJ says
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March 19, 2015
06:33 EDTBAAir Lease leases two Boeing 777-300ERs with Air Austral
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06:20 EDTBACytec Industries upgraded to Buy from Neutral at Citigroup
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March 18, 2015
14:10 EDTBA, EADSYBoeing, Airbus stepping pressure on supllier over seat delays, Reuters says
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12:01 EDTBABoeing 747-8 Intercontinental receives FAA approval for 330-minute ETOPS
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09:35 EDTBAFedEx says not defering plane deliveries due to low fuel costs
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06:38 EDTBABoeing looking to potential Malaysia deal to boost fighter jets, Reuters says
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06:36 EDTBABoeing turns to cargo jets to overcome West coast port disruptions, WSJ says
Boeing (GE) and its suppliers -- including General Electric (GE) -- have turned to using large Ukrainian "Antonov" cargo jets to overcome supply disruptions at U.S. West coast ports, reports the Wall Street Journal, citing statements by Boeing Commercial CEO Ray Conner, who said disruptions continued even after the ports reached a deal earlier in March. "We’re still dealing with the congestion of all the things that are stuck in those ports right now," added Conner. A Boeing spokesperson said there had been "no effect" on deliveries to airlines. Reference Link
05:15 EDTEQIXEquinix selects Singapore as strategic location for Asia-Pacific data center
Equinix announced the grand opening of its third International Business Exchange, or IBX, data center, known as SG3, in Singapore. The company's flagship data center is the largest in Asia-Pacific and demonstrates Equinix's ongoing commitment to the growing market demand for premium data center services from financial and cloud companies in the region. Equinix additionally announced that Orange Carriers Singapore, a 100 percent subsidiary of Orange Group, global communications solutions provider, and Datapipe, a global leader in managed hybrid IT solutions for the enterprise, have chosen to deploy in SG3 as part of their global expansion.
March 17, 2015
09:06 EDTBABoeing delivers first 787-9 Dreamliner assembled at North Charleston facility
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07:42 EDTBABoeing may produce satellite for tech giants, Reuters says
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07:18 EDTBA, EADSYSatellite & Access Intelligence to hold a exhibition
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March 16, 2015
13:37 EDTBABoeing responds to IAM's petition to unionize Boeing South Carolina
Boeing was notified that the International Association of Machinists union has petitioned the National Labor Relations Board for a union election at the company's North Charleston, S.C., facilities. If the NLRB permits it, a vote will be scheduled for eligible teammates to decide whether they will turn over their rights to the IAM or keep a direct relationship with the company. "Boeing South Carolina teammates have done what so many people said couldn't be done. And they did it by working together, engaging every day, and truly committing themselves to the success of our site," said Beverly Wyse, Boeing South Carolina's newly appointed vice president and general manager. "And let's be really clear, the IAM was not part of this success – it was our BSC teammates. In fact, the IAM aggressively opposed it, as publicly demonstrated by their filing of a claim with the National Labor Relations Board, to try to keep our site from even opening. Now, simply by filing this petition, the same union that tried to take our jobs and our work, has already begun to divide our team at a time when we're just beginning to gel and catch a solid rhythm in production." Boeing firmly believes that a union is not in the best interest of Boeing South Carolina teammates and their families, their communities, and the state of South Carolina, especially after years of the IAM insulting the abilities of Boeing South Carolina teammates and fighting against BSC's success. "We think our Boeing South Carolina teammates deserve to pave their own future and keep their hard-earned money in their own pockets," said Wyse. "In fact, they've been very successful doing just that for the past five years. They've built not only new airplanes, but also a new site, and new opportunities for an incredible future here in South Carolina by working together as a team, without the distractions of a union. We're extremely proud of what our teammates have accomplished." Boeing South Carolina has established several outlets to keep teammates, their families and the community updated throughout this process, including a website and Facebook page that provides information, facts, data, and additional resources related to the IAM's unionizing efforts in South Carolina.
13:21 EDTEADSYAirbus selected to develop next generation helicopters for South Korea
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10:00 EDTEADSY, BARyanair plans transatlantic service in four to five years, Financial Times says
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09:11 EDTBAViaSat and Boeing announce collaboration to offer broadband system
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06:59 EDTBABoeing to hit 737 production targets by 2018, Reuters says
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06:03 EDTEADSYAirbus Helicopters expected to sign $3B contract in South Korea, Reuters reports
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