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Stock Market & Financial Investment News

News Breaks
January 18, 2013
10:27 EDTGE, DB, 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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September 1, 2014
08:57 EDTGEGE Healthcare announces EU approval of Vizamyl
GE Healthcare announced that Vizamyl has received marketing authorization from the European Commission as a radiopharmaceutical medicinal product indicated for Positron Emission Tomography imaging of beta amyloid neuritic plaque density in the brains of adult patients with cognitive impairment who are being evaluated for Alzheimerís disease and other causes of cognitive impairment. Vizamyl is the only PET imaging tracer for detection of amyloid approved in Europe for visual interpretation of colour images and will be commercially available in selected European countries from early 2015, GE said.
August 30, 2014
08:55 EDTTMOThermo Fisher could rise 20% in next 12 months, Barron's says
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August 29, 2014
15:13 EDTGEQuirky drops out of bidding to buy appliance unit from GE, Bloomberg says
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08:44 EDTGEQuirky drops out of bidding to buy appliance unit from GE, Bloomberg says
August 28, 2014
06:35 EDTDBEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
06:27 EDTDBDeutsche Bank fined GBP4.7M by FCA for failing to properly report transactions
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August 27, 2014
09:03 EDTDBDeutsche Asset & Wealth Management acquires 222 Broadway in New York City
Deutsche Asset & Wealth Managementís real estate investment business announced that it has acquired 222 Broadway in New York City for one of its investment funds, in conjunction with L&L Holding Company, a Manhattan-based owner/operator of Class A properties. 222 Broadway is a Class-A office and retail building, comprising 775,000 square feet in downtown Manhattan.
August 25, 2014
10:01 EDTGEHill-Rom reports settlement in patent infringement lawsuit with GE
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07:34 EDTGEBristow Group appoints Akiri Chief Corporate Development officer
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August 22, 2014
18:16 EDTGEGeneral Electric equipped 787 Dreamliner approved by regulators, WSJ says
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18:05 EDTGEGeneral Electric awarded $123.4M government contract
General Electric Company, Lynn, Massachusetts, has been awarded a maximum $123,409,100 firm-fixed-price contract for compressor parts. This contract is a sole-source acquisition. This is a five-year base contract, with no option periods. Location of performance is Massachusetts, with an Aug. 21, 2019 performance completion date. Using military service is Army. Type of appropriation is fiscal 2014 Army working capital funds. The contracting activity is the Defense Logistics Agency Aviation, Redstone Arsenal, Alabama.
08:01 EDTGEGE CFS, VNG.co to support expansion of CNG fueling infrastructure
GE Capital Fleet Services announced an agreement with VNG.co, a national CNG fueling facility provider, to support the expansion of the CNG refueling infrastructure for light-duty fleet vehicles. Through the agreement with VNG, GE Capital Fleet Servicesí customers will be able to take advantage of the increasing accessibility of CNG fueling stations, minimize overall fuel costs and meet financial and environmental objectives through the use of a lower cost, more stably priced, environmentally friendly and domestically sourced fuel.
August 21, 2014
12:50 EDTDBDeutsche Bank divests natgas trading book to Morgan Stanley, Reuters says
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August 20, 2014
08:11 EDTGEGE Healthcare Life Sciences announces new U.S. headquarters in MA
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August 19, 2014
17:31 EDTGEGE plans to invest $3.5B in aircraft engine unit, Nikkei says
General Electric plans to invest $3.5B in its aircraft engine business over the five years to 2017, as it looks to boost production, says Nikkei. Reference Link
06:22 EDTGEGeneral Electric in talks with Electrolux to sell appliance business, WSJ says
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August 18, 2014
09:20 EDTDBDeutsche Bank appoints Shannon Americas Chief Information Officer
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07:07 EDTGEGeneral Electric reinstated with an Outperform at Credit Suisse
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