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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 17, 2014
09:05 EDTGEGeneral Electric says saw some improvement in credit demand in Q1
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08:17 EDTGEGeneral Electric says focusing on bolt-on acquisitions
Says on track to reduce share count in 2014 and planning for 9-9.5B by 2015. Says continuing to grow dividends in line with earnings. Says M&A focused on building out core: Focusing on bolt-on acquisitions, active on divestiture front, go above $1B-$4B range only for "exceptional" value and immediate accretion. Says oil and gas industry fundamentals remain strong. Says U.S. short-cycle markets strengthened in March, appears that weather impact a "one-time" event. Says had a few "rough spots" in Q1: U.S. Healthcare and Transportation/mining. Comments from slides that will be presented on the Q1 earnings conference call.
06:35 EDTGEGeneral Electric on track to achieve goal of $1B in structural cost-out for year
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06:35 EDTGEGeneral Electric reports Q1 GE Capital revenue $10.52B
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06:32 EDTGEGeneral Electric reports Q1 adjusted EPS 33c, consensus 32c
Reports Q1 revenue $34.18B, consensus $34.36B
April 16, 2014
15:17 EDTGENotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include General Electric (GE), consensus 32c; Philip Morris (PM), consensus $1.16; Schlumberger (SLB), consensus $1.20; PepsiCo (PEP), consensus 75c; Union Pacific (UNP), consensus $2.37; UnitedHealth (UNH), consensus $1.09; Honeywell (HON), consensus $1.26; Goldman Sachs (GS), consensus $3.44; du Pont (DD), consensus $1.59; Morgan Stanley (MS), consensus 60c; Danaher (DHR), consensus 80c; BlackRock (BLK), consensus $4.14; Blackstone (BX), consensus 55c; Chipotle Mexican Grill (CMG), consensus $2.86; Mattel (MAT), consensus 9c; Snap-on (SNA), consensus $1.54; AutoNation (AN), consensus 74c.
14:13 EDTGEGeneral Electric April 26 straddle priced for 2.5% move into Q1
12:22 EDTGEEarnings Preview: Analyst sentiment mixed ahead of GE's Q1 report
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09:03 EDTGEGE Digital Energy providing series compensation capabilities for Scottish Power
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07:28 EDTDBDeutsche looks to sell Cosmopolitan Las Vegas Resort, Bloomberg says
Deutsche Bank is in discussions with possible purchasers of its Cosmopolitan resort in Las Vegas as it aims to end a six-year, money-losing venture into casino development, according to Bloomberg, citing people with knowledge of the matter. One of the sources said that the bank is looking for more than $2B for the resort and has attracted at least four potential bidders. Reference Link
07:13 EDTGEGeneral Electric April volatility elevated into Q1 and revenue outlook
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April 15, 2014
13:18 EDTDBBank of China NY, Deutsche Bank sign MOU to expand clearing pact
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10:18 EDTGEGE Healthcare completes acquisition of CHCA Computer Systems
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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
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