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Stock Market & Financial Investment News

News Breaks
August 18, 2014
10:43 EDTSNSS, LCI, CSTM, TRP, AFL, EGHT, MOBI, LITBHigh option volume stocks
High option volume stocks: LITB AFL LCI MOBI TRP TASR AMRN SNSS EGHT CSTM
News For LITB;AFL;LCI;MOBI;TRP;SNSS;EGHT;CSTM From The Last 14 Days
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November 18, 2014
10:13 EDTAFLAflac management to meet with UBS
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07:37 EDTSNSSStifel to hold a conference
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07:13 EDTTRPTransCanada CEO comments on Keystone XL
TransCanada president and CEO Russ Girling provided a comment in advance of the debate and vote on U.S. Senate bill 2280. "I was very pleased to see another vote in the House of Representatives in favor of Keystone XL, a vote that demonstrates such broad bi-partisan support for the project. The majority of the U.S. Congress, in keeping with public opinion surveys, wants to see the Keystone gridlock come to an end so thousands of Americans can go to work building the final stage of one of the largest infrastructure projects on the books right now in the U.S. We put 9,000 Americans to work building the first two phases of the pipeline back in 2009/2010. We hired another 5,000 to build the southern leg of the project two years ago, and we want to put 9,000 more Americans to work to finish what we started. Also last week, comments were made that Keystone XL is an export pipeline. This statement is factually incorrect. Keystone XL will carry oil from both Canada and the U.S. - a receipt point at Baker, Montana is an important part of the project that will allow Bakken oil to be delivered to U.S. refineries. In fact, American-produced oil is already making its way to Gulf Coast refineries through the southern leg of Keystone."
06:33 EDTCSTMConstellium initiated with a Market Perform at BMO Capital
Target $24.
November 17, 2014
20:39 EDTEGHT8x8, Inc. management to meet with William Blair
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17:03 EDTTRPTransCanada Tamazunchale Pipeline Extension now operational
TransCanada Corporation announced that it has placed into service the Tamazunchale Pipeline Extension, the most recent natural gas infrastructure project to be completed by TransCanada in Mexico. The new $600M pipeline is an extension of the existing Tamazunchale Pipeline that links an LNG terminal and natural gas supplies from the east coast of Mexico and U.S. to key power facilities in Tamazunchale. TransCanada has a 25-year natural gas transportation service contract with the Comision Federal de Electricidad, Mexico's state-owned power company. The pipeline extension is approximately 144 miles long and has a contracted capacity of 630M cubic feet a day.
16:56 EDTLCILannett announces retirement of Chief Compliance Officer Ernest Sabo
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15:19 EDTMOBISky-mobi announces CFO John Bi tendered resignation
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14:26 EDTTRPTransCanada says Sandell analysis continues to be 'flawed'
TransCanada commented on materials made public by Sandell Asset Management: "TransCanada appreciates constructive input from shareholders and we actively engage in open dialogue with them to discuss all aspects of our operations and corporate strategy. We received materials from Sandell a few months ago containing a very similar and flawed analysis to the one that was published today. After careful review, and ongoing discussions with our other shareholders, TransCanada firmly believes that our current strategy best positions us to deliver long-term value to investors. TransCanada has established itself as a leading energy infrastructure company in North America with a blue-chip portfolio of assets that has consistently delivered attractive and sustainable growth in earnings, cash flow and dividends. Importantly, the Company has delivered a 15% annualized total shareholder return since 2000. We have a well-defined strategic plan to increase long-term shareholder value, including our strong focus on pipelines and power generation opportunities, and we remain focused on continuing to deliver on this plan successfully."
11:56 EDTSNSSSunesis jumps after announcing plans to present data from VALOR trial
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08:14 EDTTRPSandell Asset Management sends letter to TransCanada board
Sandell Asset Management, a significant shareholder of TransCanada, has publicly released a letter and White Paper to the Board of Directors of the Company in anticipation of its upcoming Investor Day to stimulate further discussions among all stakeholders as to the best long term corporate structure for TRP. Tom Sandell, CEO of Sandell, stated: “Although we are excited about the recent positive developments at TransCanada, we are disappointed that the Company has neither fully embraced the Master Limited Partnership structure nor emphasized cash flow metrics such as Adjusted Funds From Operations to highlight the Company’s ample tax assets, low maintenance capital requirements and capacity for dividend payment. Furthermore, we believe a spinoff of the Energy segment is the best long term course for this asset to attract a world-class, dedicated management team to deal with upcoming opportunities and challenges within the sector and to highlight the premium value of the Pipeline business.” In Sandell’s analysis, fully utilizing the Company’s existing MLP, TC PipeLines LP and highlighting AFFO metrics would serve to enhance the Company’s ability to finance its significant Capital Program by increasing dividend growth expectations and lowering cost of capital for both TRP and TCP. Additionally, by engaging in an ‘all-in’ dropdown to TCP and by restructuring its incentive distribution rights, TCP would be transformed into a powerful player in the US MLP industry, increasing organic growth prospects and allowing it to participate in the current wave of M&A to bolster its strategic positioning and distribution growth profile. Sandell believes that, through the implementation of these steps, TRP’s share price would immediately trade at its intrinsic value of $75 per share reflecting a corporate structure that maximizes the future value of TRP, TCP and the separated Energy business.
06:29 EDTCSTMConstellium upgraded to Outperform from Market Perform at Bernstein
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November 14, 2014
17:48 EDTTRPTransCanada to host investor day
Investor Day to be held in Toronto on November 19 at 8 am. Webcast Link
16:24 EDTSNSSBiotechnology Value Fund reports 5.1% passive stake in Sunesis
14:24 EDTTRPTransCanada one vote short in Senate, The Hill says
TransCanada's Keystone Pipeline is one vote short of the 60 it will need to be approved by the Senate, according to The Hill. The House already approved the pipeline, but the White House indicated this week that President Obama is still opposed to it. Reference Link
12:56 EDTTRPHouses passes Keystone approval bill, Senate to vote next week
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09:33 EDTTRPTransCanada volatility elevated into Congress likely vote on Keystone Pipeline
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November 13, 2014
13:56 EDTMOBIChina mobile game sector to grow slower in 2015, says Rosenblatt
Rosenblatt says Tencent reported below consensus numbers, particularly in mobile games, where revenue fell sequentially. The firm expects China's mobile game sector to grow slower in 2015 and remains on the sidelines with regards to shares of Sky-mobi (MOBI), China Mobile Games (CMGE) and iDreamSky (DSKY). Rosenblatt thinks Qihoo's(QIHU) mobile game distribution business will also be hurt by the slowing growth.
07:33 EDTAFLPR Newswire to hold a virtual conference
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06:39 EDTTRPCongress likely to vote on Keystone Pipeline soon, Politico says
Congress is expected to vote on legislation authorizing TransCanada's Keystone Pipeline in coming days, but supporters look to be a few votes short in the Senate, according to Politico. Additionally, the White House indicated that President Obama still opposes the measure, the website stated., citing a Reuters report. Reference Link
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