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Stock Market & Financial Investment News

News Breaks
March 3, 2014
04:55 EDTLNC, LNC, HIG, HIG, ALL, ALL, AEG, AEG, Y, Y, PRE, PRE, PFG, PFG, RGA, RGA, XL, XL, ACGL, ACGL, AIG, AIG, SYA, SYA, PL, PL, MET, METAssociation of Insurance & Financial Analysts to hold a conference
39th Annual AIFA Conference is being held in Boca Raton, Florida on March 2-4.
News For LNC;PL;SYA;AIG;ACGL;XL;RGA;PFG;PRE;Y;AEG;ALL;HIG;MET From The Last 14 Days
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December 11, 2014
11:17 EDTMETMetLife to host investor conference call
Investor Conference Call to be held on December 12 at 8 am. Reference Link
09:02 EDTRGAReinsurance Group aligning businesses and functions into four areas
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08:30 EDTMETMetLife acquires Fairmont Hotel in Washington, D.C. for $180M
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December 10, 2014
18:38 EDTMETMetLife statement on passage of Insurance Capital Standards Clarification Act
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14:01 EDTMETMetLife names Esther Lee Global Chief Marketing Officer
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10:00 EDTPREOn The Fly: Analyst Downgrade Summary
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10:00 EDTACGLOn The Fly: Analyst Upgrade Summary
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07:41 EDTACGLArch Capital upgraded to Market Perform from Underperform at Keefe Bruyette
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07:37 EDTPREPartnerRe downgraded to Market Perform from Outperform at Keefe Bruyette
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December 9, 2014
10:23 EDTXL, PRE, ACGL, ALLOn The Fly: Analyst Initiation Summary
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06:57 EDTALLAllstate initiated with an Overweight at JPMorgan
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06:55 EDTPREPartnerRe initiated with a Neutral at JPMorgan
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06:55 EDTACGLArch Capital initiated with an Overweight at JPMorgan
Target $66.
06:55 EDTXLXL Group initiated with an Underweight at JPMorgan
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06:02 EDTMETMetLife affiliates and other investor provide $200M in financing to Angel Trains
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December 8, 2014
10:00 EDTPREOn The Fly: Analyst Downgrade Summary
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10:00 EDTACGLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
08:56 EDTLNCLincoln National to sell LFM to Entercom Comm for $105M plus working capital
Entercom Communications Corp. (ETM) announced that it has entered into a definitive agreement to acquire Lincoln Financial Media, or LFM, from Lincoln Financial Group (LNC) for $105M plus working capital. The transaction is subject to FCC and other customary regulatory approvals and closing conditions. The company expects that the deal will close in 2Q15. The agreement includes fifteen radio stations in the Atlanta, Denver, Miami and San Diego markets, and it will expand Entercom’s station portfolio to more than 130 stations in 26 markets. The $105M purchase price will be paid in the form of $77.5M in cash and $27.5M in new perpetual cumulative convertible preferred stock that will be issued to Lincoln. Entercom expects to finance the cash portion of the purchase price through a combination of its existing $50M revolver, cash on hand, and through other financing sources, if necessary. Entercom anticipates that it will begin operating the LFM stations under a time brokerage agreement which is expected to commence in late January following the usual Justice Department regulatory review. In order to comply with the FCC’s station ownership limitations, the Company plans to divest one FM station in the Denver market.
07:02 EDTPREPartnerRe downgraded to Underperform from Market Perform at BMO Capital
07:01 EDTACGLArch Capital upgraded to Outperform from Market Perform at BMO Capital
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