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Stock Market & Financial Investment News

News Breaks
February 8, 2013
09:11 EDTWCRX, RVBD, WAG, AOL, LNKD, SKUL, NUAN, RSH, MCD, CXW, CSTR, ONCY, AXL, ATVIOn The Fly: Pre-market Movers
UP AFTER EARNINGS/GUIDANCE: LinkedIn (LNKD), up 11.8%... Activision Blizzard(ATVI), up 8.6%... AOL (AOL), up 6.3%... American Axle (AXL), up 1.3%... ALSO HIGHER: RadioShack (RSH), up 6.8% after appointing former Walgreen (WAG) executive Joseph Magnacca as CEO... Oncolytics Biotech (ONCY), up 34.5% after announcing Phase 2 clinical trial data... DOWN AFTER EARNINGS/GUIDANCE: Nuance (NUAN), down 16.8%... Riverbed (RVBD), down 13.2%... Coinstar (CSTR), down 8.8%... Skullcandy (SKUL), down 8.3%... Warner Chilcott (WCRX), down 4.8%... ALSO LOWER: Corrections Corp. (CXW), down 3.3% after authorizing REIT conversion, declaring $650M-$700M special dividend... McDonald's (MCD), down 0.4% after reporting January global SSS down 1.9%.
News For LNKD;ATVI;MCD;AOL;AXL;RSH;WAG;ONCY;NUAN;RVBD;CSTR;SKUL;WCRX;CXW From The Last 14 Days
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February 23, 2015
15:17 EDTAOLAOL iTunes login pact with Apple ending soon, AppleInsider says
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10:19 EDTAXLAmerican Axle expects 2015 market conditions to be positive
Expects to have a bias towards the high end of range for light vehicles sales guidance of 16.5M-17M in 2015. Comments taken from Q4 earnings conference call.
09:54 EDTAXLAmerican Axle targets FY15-FY17 annual sales to grow at CAGR in excess of 5%
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09:52 EDTAXLAmerican Axle sees FY15 revenue $4B-$4.1B, consensus $4.07B
This sales projection is based on the anticipated launch schedule of programs in AAM's new and incremental business backlog and the assumption that the U.S. Seasonally Adjusted Annual Rate of sales is in the range of 16.5M-17M light vehicle units for the full year 2015. Sees FY15 ABITDA $550M-$575M. Sees FY15 free cash flow $175M-$200M. Sees FY15 CapEx to be 5% of sales in 2015.
08:14 EDTAXLAmerican Axle reports Q4 EPS 17c, may not compare to consensus 54c
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08:04 EDTAXLAmerican Axle reports Q4 non-GAM sales up 13% to $317.2M
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08:04 EDTAXLAmerican Axle reports Q4 net income 17c, not comparable to consensus 54c
Reports Q4 revenue $939.5M, consensus $924.29M. In the fourth quarter, AAM's results reflect the impact of a non-cash charge of $35.5M related to the 2014 Pension Payout Offer. This compares to net income of $29.8M, or 39c per share, in the fourth quarter of 2013.
07:52 EDTAXLAmerican Axle to amend 10-Q for period ended September 30, 2014
American Axle said in a filing that on February 19, the Audit Committee of the Board of Directors of American Axle & Manufacturing Holdings, after discussion with management and the companyís independent registered public accounting firm, Deloitte & Touche LLP, concluded that the financial statements contained in the companyís Quarterly Report on Form 10-Q for the period ended September 30, 2014, as previously filed with the SEC on October 31, 2014, should no longer be relied upon. American Axle says "In connection with the preparation of our consolidated financial statements for the year ended December 31, 2014, we determined that entries recorded in the third quarter of 2014 to reduce certain accrued accounts payable balances by $8.4M were previously recorded as a reduction of cost of goods sold but should have been recorded as an adjustment to opening accumulated deficit because the amounts giving rise to the correction originated in periods prior to January 1, 2012. While management determined that it was necessary to restate the September 30, 2014 interim period and revise managementís conclusion regarding the effectiveness of disclosure controls and procedures as a result of a material weakness in internal controls over financial reporting, the effect of correcting these errors was not material to opening accumulated deficit as of January 1, 2012. The cumulative impact of the error was a decrease of $6.9M in opening accumulated deficit as of January 1, 2012.As a result of the foregoing, AAM will amend our Form 10-Q for the interim period ended September 30, 2014 to restate our previously issued financial statements. The Form 10-Q/A will be filed on February 23, 2015."
February 22, 2015
15:31 EDTMCDMcDonald's under pressure to raise hourly pay as Wal-Mart sets bar, Reuters says
According to labor experts McDonald's (MCD) and its franchisees may be under pressure to raise hourly wages as the improved economic landscape increases competition for good workers and as retailer Wal-Mart (WMT) raises its hourly pay, says Reuters. Reference Link
February 20, 2015
16:06 EDTCXWCorrections Corp. increases quarterly dividend 6%
Corrections Corporation of America announced that its board declared a quarterly dividend of 54c per share to be paid on April 15 to shareholders of record as of the close of business on April 2. CCA CEO Damon Hininger said, "We are pleased to declare our quarterly cash dividend of 54c per share, or $2.16 per share annually, which represents a 6% increase and reflects the overall strength of our business and our commitment to return value to our stockholders."
16:03 EDTMCDOptions Update; February 20, 2015
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09:47 EDTLNKDLinkedIn management to meet with Pacific Crest
Meetings to be held in the Midwest February 26-27 hosted by Pacific Crest.
09:38 EDTMCDActive equity options trading on open
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08:26 EDTRSHStandard General weighing bid to lead RadioShack out of bankruptcy, WSJ says
Hedge fund Standard General, which became the largest shareholder of now bankrupt RadioShack last year by taking a 9.9% stake, has discussed contributing about $75M toward a $200M bid for the new RadioShack, reported The Wall Street Journal, citing a person familiar with the matter. The report noted that such a deal would essentially trade a rescue loan the fund arranged and contributed to last year for an ownership stake. Reference Link
February 19, 2015
09:35 EDTMCDOption volume leaders
Option volume leaders: AAPL TSLA TWTR MCD WMT PBR SPWR WFM GILD FB SCTY according to Track Data.
09:14 EDTAOLAOL reports AOL Mail outages
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February 18, 2015
11:46 EDTNUANNuance management to meet with Wedbush
Meetings to be held in Chicago on February 23 and in Milwaukee on February 24 hosted by Wedbush.
09:37 EDTLNKDOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
06:41 EDTONCYOncolytics Biotech completes enrollment of randomized Phase II study of REOLYSIN
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06:37 EDTONCYOncolytics Biotech completes enrollment in Phase II colorectal cancer study
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