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Stock Market & Financial Investment News

News Breaks
January 18, 2013
10:27 EDTDB, GE, LIFE, TMOLife Technologies surges after buyout report but analysts cautious
Life Technologies (LIFE) is climbing sharply after The Financial Post reported last night that the company is looking to sell itself by the middle of February for $65-$75 per share, according to unnamed sources. The company, which sells a variety of life sciences products, hired two firms, Deutsche Bank (DB) and Moelis & Co., to facilitate a sale of the company to either a private equity firm or a larger company, the newspaper added, citing documents. Life Technologies stated earlier today that it had hired Deutsche Bank and Moelis to "assist in its annual strategic review." The company added, however, that its board had not decided on any specific course of action. In a note to investors earlier today, Jefferies analyst Jon Wood wrote that Life Technologies is more likely to be acquired for $50-$60 per share in a leverage buyout. Wood maintained a $58 price target and Buy rating on the shares. Meanwhile, Piper analyst William Quirk wrote in a note to investors that the company may be planning a leveraged buyout. Several companies including Roche (RHHBY), Thermo Fisher (TMO), and GE (GE) could look to buy Life Technologies, Quirk added. However, about 43% of Life's revenues are obtained from selling slow growth research consumables, making it an inferior target compared with other companies in the sector that specialize in faster growing next-generation sequencing products, the analyst contended. He maintained a $45 price target and Neutral rating on the shares. Additionally, ISI Group said the company's high debt levels makes a leveraged buyout challenging and that a restructuring or recapitalization is the most likely outcome. In early trading, shares of Life Technologies rallied $6.42, or 11.68%, to $61.51.
News For LIFE;TMO;GE;DB From The Last 14 Days
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April 15, 2014
10:01 EDTGEGeneral Electric says Dan Janki to lead GE's Treasury operations
GE Chairman and CEO Jeff Immelt announced the appointment of Dan Janki to lead GEís Treasury operations, succeeding Kathy Cassidy, who is retiring later this year after 35 years of service to GE. Mark Begor, who currently leads GE Capitalís Real Estate business, will succeed Janki as president & CEO of GE Energy Management. Alec Burger, currently the North America leader for GE Capital Real Estate, will succeed Mark Begor as president & CEO of GE Capital Real Estate. The CEO appointments are effective immediately and the formal Treasury transition will be effective by the end of April.
06:04 EDTGEGE CEO may give up leadership earlier than 20-year tenure, WSJ says
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April 14, 2014
11:54 EDTGEGE reports Omnyx gets FDA clearance for digital manual read of HER2 slides
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April 11, 2014
07:47 EDTDBDeutsche granted dismissal of FHFA suit, Reuters says
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April 10, 2014
09:03 EDTGEGE to provide grid modernization solutions to Furnas
GEís Digital Energy business is providing Furnas and Triangulo Mineiro Transmissora/Geoenergia with the latest in protection and control equipment to ensure performance and quality for each of the utilityís grid modernization projects. Furnas is one of the biggest utilities in Latin America and is responsible for power transmission in south, southeast and mid west Brazil. These projects, which support the modernization of Brazilís grid, mark GEís entry into Brazilís ANEEL transmission auctions. The auctions were won in December 2013 by TMT, a collaborative utility composed of Furnas and FIP Milao, with Furnas being the largest participant at 49%.
08:26 EDTDBDeutsche looks for shareholder approval for upped bonuses, Reuters says
Deutsche Bank will ask shareholders to approve increasing limits on executive bonuses for FY14 as required by new European regulations, according to Reuters, citing an agenda for the bank's annual shareholder meeting. Reference Link
07:11 EDTDBDeutsche said to find inappropriate communication in FX case, Bloomberg says
Deutsche Bank laid-off a London-based currency saleswoman last month for improper communication with the Monetary Authority of Singapore, according to Bloomberg, citing a person familiar with the matter. In an emailed statement, Deutsche Bank said it had received requests for information from regulators probing currency trading and is cooperating with them. Reference Link
April 9, 2014
09:10 EDTGEWal-Mart to purcahse energy-efficient LED ceiling lighting fixtures from GE
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April 8, 2014
09:07 EDTGEGE Healthcare receives FDA clearance of its Q.Clear technology
GE Healthcare, a unit of General Electric, announced that it received U.S. FDA 510 clearance of its Q.Clear technology -- technology that can provide up to two times improvement in both quantitative accuracy and image quality in PET/CT imaging. This is an innovative new tool for clinicians across the entire care continuum including diagnosis, staging, treatment planning, and treatment assessment.
08:04 EDTDBDeutsche up against big capital hit under stricter EU rules, Reuters says
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08:03 EDTGEGE unit provides $50M loan for Illinois power plant
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07:24 EDTGEPR News to hold a conference
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06:26 EDTDBYodle planning IPO for 2014, WSJ reports
Online advertising company Yodle is planning an IPO for the second half of the year, the Wall Street Journal reports. Sources say the startup has selected Credit Suisse (CS) and Deutsche Bank (DB) for the offering, which could raise about $100M. Reference Link
April 7, 2014
07:39 EDTGEBloomberg to hold a summit
The Future of Energy Summit 2014 is being held in New York on April 7-9.
07:27 EDTDBDeutsche chairman supports co-leaders Fitschen, Jain, Reuters says
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April 4, 2014
08:02 EDTGESam's Club extends contract for branded credit card program with GE Capital
Samís Club, a division of Wal-Mart Stores (WMT), has finalized a multi-year agreement with GE Capital Retail Bank (GE) to extend their existing relationship to provide Samís Club-branded credit cards to club members in the U.S. and Puerto Rico. As part of the extension, GE Capitalís Retail Finance business will continue to manage and service the credit card programs for Samís Club Savings, Business and Plus members. Under the agreement, the Samís Club co-branded credit card programs will be converted to MasterCard (MA) later this year. Walmart has also extended their relationship with GE Capital Retail Bank and branded cards will transition to MasterCard later this year.
April 3, 2014
10:00 EDTDBOn The Fly: Analyst Downgrade Summary
BB&T (BBT) downgraded to Outperform from Strong Buy at Raymond James... Broadcom (BRCM) downgraded to Neutral from Overweight at Piper Jaffray... CF Industries (CF) downgraded to Neutral from Buy at Citigroup... CSX (CSX) downgraded to Equalweight from Overweight at Barclays... Cheniere Energy (LNG) downgraded to Neutral from Outperform at Credit Suisse... Citigroup (C) downgraded to Neutral from Buy at Sterne Agee... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... G&K Services (GK) downgraded to Neutral from Outperform at RW Baird... Marcus (MCS) downgraded to Neutral from Buy at B. Riley... National Retail Properties (NNN) downgraded to Sell from Neutral at UBS... Norfolk Southern (NSC) downgraded to Neutral from Overweight at Atlantic Equities... Orion Energy (OESX) downgraded to Hold from Buy at Ascendiant... VIVUS (VVUS) downgraded to Underweight from Neutral at Piper Jaffray... Liquidity Services (LQDT) downgraded to Neutral from Outperform at RW Baird... Shaw Communications (SJR) downgraded to Sector Performer from Outperformer at CIBC... USG (USG) downgraded to Neutral from Outperform at Macquarie... Level 3 (LVLT) downgraded to Hold from Buy at Gabelli... U.S. Bancorp (USB) downgraded to Neutral from Conviction Buy at Goldman... Extra Space Storage (EXR) downgraded to Buy from Conviction Buy at Goldman... First Republic Bank (FRC) downgraded to Buy from Conviction Buy at Goldman... TELUS (TU) downgraded to Neutral from Outperform at Macquarie.
09:30 EDTGEApple, Pfizer others create 'go slow' patent lobby group, Reuters says
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07:30 EDTDBMoody's left off bond deal as risk appetites grow, WSJ says
Moody's (MCO), known for adopting more-cautious stances than its rivals, was conspicuously absent from rating more than $1B in commercial-mortgage bonds that recently sold at similar yields as other recent sales, reported The Wall Street Journal. McGraw Hill Financial 's (MHFI) Standard & Poor's, Fitch and Kroll Bond Rating were called on to rate the "conduit" commercial-mortgage-backed deal organized by Deutsche Bank (DB) and Cantor Fitzgerald, the report noted. Reference Link
05:38 EDTDBDeutsche Bank downgraded to Neutral from Overweight at JPMorgan
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