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Stock Market & Financial Investment News

News Breaks
August 18, 2014
10:43 EDTCSTM, TRP, AFL, EGHT, MOBI, LITB, SNSS, LCIHigh 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 17, 2014
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
November 12, 2014
08:51 EDTTRPTransCanada to sell remaining interest in GTN to TC PipeLines
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08:18 EDTLITBLightInTheBox reports record sales and 50% growth during China's Singles Day
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November 11, 2014
10:20 EDTLITBHigh option volume stocks
High option volume stocks: RLGY TWC LITB SPM ACRX JWN OCR CALL CST ERIC
08:16 EDTEGHT8x8, Inc. appoints Enzo Signore as Chief Marketing Officer
8x8, Inc. announced the appointment of enterprise communications industry veteran Enzo Signore as SVP and Chief Marketing Officer. Signore will report directly to 8x8 CEO Vik Verma and will be responsible for the strategy and execution of 8x8’s global marketing efforts. Signore was most recently VP of Worldwide Enterprise Solutions and Field Marketing at Avaya.
November 10, 2014
11:06 EDTTRPSenator-elect says 65 senators to back Keystone Pipeline, The Hill says
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09:20 EDTSNSSOn The Fly: Pre-market Movers
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07:13 EDTSNSSSunesis reports Q3 EPS (25c), consensus (17c)
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07:12 EDTAFLCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
07:08 EDTAFLCredit Suisse to hold a conference
2014 Boston Financials 1:1 Conference to be held in Boston on November 10-11.
06:09 EDTLITBLightInTheBox, Baidu Dianxin form strategic partnership
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