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Stock Market & Financial Investment News

News Breaks
January 29, 2013
10:43 EDTLH, CIT, TSL, CTXS, HWHigh option volume stocks: LH HW CTXS TSL CIT
News For LH;CIT;TSL;CTXS;HW From The Last 14 Days
Check below for free stories on LH;CIT;TSL;CTXS;HW the last two weeks.
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July 22, 2014
06:32 EDTCITCIT Group to acquire OneWest Bank for $3.4B in cash and stock
CIT Group announced that it has entered into a definitive agreement and plan of merger with IMB Holdco, the parent company of OneWest Bank, for $3.4B in cash and stock. OneWest Bank is a privately owned regional bank that operates 73 retail branches in Southern California, with approximately $23B in assets, including commercial and residential mortgage loans, and $15B in deposits. Following the close of the transaction, CIT Bank, CIT’s banking subsidiary, will merge with OneWest Bank under the “CIT Bank” name and CIT will have assets of $67B and $28B in deposits. CIT expects the transaction to be 20% accretive to earnings per share. Under the terms of the Agreement, IMB Holdco LLC shareholders will receive $2.0 billion in cash and 31.3 million shares of CIT Group Inc. common stock currently valued at $1.4 billion assuming a CIT stock price of $44.33. The transaction has been approved by the boards of directors of both companies and is subject to customary closing conditions and regulatory approvals.
July 21, 2014
08:09 EDTLHLabCorp price target raised to $130 from $120 at Maxim
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July 18, 2014
16:11 EDTCTXSCitrix Chief Marketing Officer Steve A. Daheb to leave company
In connection with a reorganization, Steve A. Daheb, Senior Vice President and Chief Marketing Officer of Citrix Systems has decided to leave Citrix. As a result of the reorganization, Citrix has eliminated the role of Chief Marketing Officer. Daheb has agreed to remain as an employee of Citrix to provide transitional advisory services to the company through February 2, 2015. As a result of the reorganization, Daheb ceased to serve as an executive officer of Citrix effective July 14.
12:04 EDTLHLabCorp pullback a buying opportunity, says Maxim
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11:25 EDTLHPiper awaits notable volume recovery to get more positive on LabCorp
Piper Jaffray views LabCorp's in-line quarter as positive and said restored TRICARE coverage may provide added upside, but the firm would like to see notable lab volume recovery and a pullback in the shares before becoming more positive on the stock. Piper raised its price target on the stock to $99 from $98 and maintains its Neutral rating on LabCorp.
06:43 EDTLHLabCorp raises FY14 adjusted EPS to $6.50-$6.75 from $6.40-$6.70
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06:43 EDTLHLabCorp: Q2 sales increase due to test volume
Total test volume increased 5.3%, while revenue per requisition decreased 2.0% due to test and payer mix. Reports Q2 operating income $246.7M, operating cash flow $207.4M, free cash flow $159M
06:41 EDTLHLabCorp reports Q2 adjusted EPS $1.84, consensus $1.77
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July 17, 2014
09:34 EDTLHLabCorp upgraded to Outperform from Market Perform at William Blair
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July 16, 2014
07:35 EDTCITCIT Group, Rolls-Royce finalize agreement for Trent 7000 engines for A330-900neo
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07:24 EDTCTXSSiemer & Associates to hold a summit
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July 15, 2014
10:20 EDTCITCIT Group increases dividend by 50% to 15c
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08:10 EDTCITCIT Group places order for 10 787-9 Boeing Dreamliners
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08:05 EDTCITBoeing, CIT Group announce order for 10 additional 787-9 Dreamliners
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07:04 EDTTSLWTO says U.S. tariffs on Chinese solar cells against rules, Xinhua reports
The World Trade Organization yesterday ruled that U.S. tariffs on Chinese solar cells violated the rules of the organization, according to Xinhua. China requested that the WTO probe the subsidies in 2012, the news service noted. The WTO also said that U.S. tariffs on Chinese steel products and paper violated the organization's rules, the news service added. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).Reference Link
06:16 EDTCITCIT Aerospace signs MOU with Airbus for twenty aircrafts
CIT Group announced from the Farnborough International Air Show that CIT Aerospace has signed memorandums of understanding, or MOU, with Airbus for 15 A330-900neo aircraft and five A321-200ceo aircraft. Deliveries of the A330-900neo are scheduled to begin in 2018 and deliveries of the A321-200ceo are scheduled to begin in 2015.
July 14, 2014
12:17 EDTHWHeadwaters acquires assets of LA Ash Products, Services
Headwaters announced acquisition of the assets of LA Ash Products and Services. The company said, "Combined with LA Ash, we expect incremental dry and hydrated CFB ash sales of more than 300K tons primarily in the Louisiana and Texas markets. The acquisition was paid for in cash and will be accretive to earnings in 2014."
11:16 EDTTSLWTO finds U.S. violates trade rules with tariffs on Chinese steel, solar panels
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10:59 EDTCTXSElliot reaffirms $21 Riverbed bid following Q2 warning
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08:59 EDTLHLabCorp management to meet with Maxim
Field trip to company lab to be held in New Jersey on July 15 hosted by Maxim.
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