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May 25, 2012
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| 14:51 EDT |  | ETN |
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| 14:02 EDT |  | BMY |
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| 12:38 EDT |  | LMT |
| theflyonthewall.com: | South Korea to award $6.7B fighter deal in October, Agence France Presse.says |
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| 12:10 EDT |  | CAT |
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| 11:09 EDT |  | BMY |
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| 07:39 EDT |  | TWC |
| theflyonthewall.com: | Kohl urges careful scrutinization of Verizon spectrum buy, FT reports | | Herb Kohl, the chairman of the Senate antitrust subcommittee, is urging the careful scrutinization of plans by Verizon Wireless (VZ, VOD) to acquire valuable wireless spectrum from a consortium of U.S. cable television companies including Comcast (CMCSA) and Time Warner Cable (TWC), the Financial Times reports. Kohl says he believes the transactions should present serious competition concerns. Reference Link :theflyonthewall.com |
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| 07:15 EDT |  | TWC |
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| 06:09 EDT |  | IVZ |
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| 05:31 EDT |  | BAX |
| theflyonthewall.com: | Baxter’s low glucose PD solutions favorably impact metabolic measures in trials | | Baxter International announced results from two large, international multicenter trials demonstrating that a low glucose peritoneal dialysis, or PD, regimen favorably impacted metabolic measures important for end-stage renal disease, or ESRD, patients with diabetes, including blood glucose control and selected lipids -- fats and cholesterol. The combined results were presented as a late-breaking presentation at the 49th Annual European Renal Association - European Dialysis and Transplant Association, or ERA-EDTA, congress in Paris. Results from the combined IMPENDIA/EDEN trials showed that a low-glucose PD regimen led to clinically and statistically significant reductions in serum levels of HbA1c - the standard marker for assessing blood glucose control - in adult PD patients with diabetes. In the studies, significant reductions also were seen with certain lipid parameters including serum triglycerides - type of lipid or fat found in the blood, VLDL-cholesterol and apolipoprotein B, a protein that helps form LDL, or bad cholesterol, in blood, following a low-glucose PD regimen. :theflyonthewall.com |
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May 24, 2012
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| 17:19 EDT |  | CAT |
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| 11:59 EDT |  | MMM |
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| 10:29 EDT |  | RTN |
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| 09:07 EDT |  | T |
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| 08:40 EDT |  | RTN |
| theflyonthewall.com: | Raytheon downgraded to Sell from Neutral at Goldman | | Goldman downgraded Raytheon relative organic growth and relatively low free-cash-flow. Price target lowered to $45 from $52. :theflyonthewall.com |
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| 07:22 EDT |  | RTN, LMT |
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| 07:13 EDT |  | BMY |
| theflyonthewall.com: | J&J's Xarelto likely delayed 3-12 months, not dead, says Leerink | | Leerink believes the FDA panel vote against approval of Johnson & Johnson's (JNJ) and Bayer's (BAYRY) Xarelto for the prevention of CV events in patients with a recent acute coronary syndrome will likely delay approval by 3-12 months, not kill the drug for this indication. The firm believes Bristol-Myers' (BMY) and Pfizer's (PFE) Eliquis could benefit slightly from a Xarelto delay. :theflyonthewall.com |
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May 23, 2012
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| 12:16 EDT |  | TWC |
| theflyonthewall.com: | Time Warner Cable management to meet with RBC Capital | | Meeting to be held in the New York/Mid-Atlantic area on May 24 hosted by RBC Capital. :theflyonthewall.com |
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| 10:01 EDT |  | LMT |
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| 07:39 EDT |  | CAT |
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| 07:10 EDT |  | CELG |
| theflyonthewall.com: | FTC, Senate probing blocking of generic drug companies, Washington Post says | | The Federal Trade Commission and the U.S. Senate are investigating whether pharmaceutical companies are using a loophole to prevent generic drug makers from obtaining samples of brand name drugs, according to The Washington Post. The FDA requires generic drug makers to test a sample of brand name versions in order to get a generic drug approved, the newspaper notes. Reference Link :theflyonthewall.com |
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May 22, 2012
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| 21:57 EDT |  | ETN |
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| 17:02 EDT |  | MMM |
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| 15:09 EDT |  | T |
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| 13:37 EDT |  | LMT |
| theflyonthewall.com: | Lockheed Martin reaches new contract with UAW union | | The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America ratified a new master labor agreement with Lockheed Martin covering approximately 650 workers at three sites. The new five-year agreement, ratified over the weekend, becomes effective immediately. The company and union negotiated a new agreement that provides competitive wages over the next five years through a combination of a $2,000 ratification bonus, three general wage increases, two lump sum payments and cost of living adjustments, while enhancing member job security. :theflyonthewall.com |
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| 10:26 EDT |  | ABC |
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| 08:11 EDT |  | ABC |
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| 07:54 EDT |  | TWC |
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| 07:46 EDT |  | BAX |
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| 07:39 EDT |  | ETN |
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| 07:24 EDT |  | TWC |
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| 06:45 EDT |  | TWC |
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| 06:24 EDT |  | T |
| theflyonthewall.com: | International smartphone vendors concerned about LTE supply, Digitimes reports |
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| 06:09 EDT |  | ETN |
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May 21, 2012
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| 16:16 EDT |  | ETN |
| theflyonthewall.com: | On The Fly: Closing Wrap | | Stocks on Wall Street were higher in spite of Facebook (FB) breaking its IPO pricing. Stock futures were higher throughout the premarket trading session as the market got ready to bounce from its two week tailspin. There was little reaction to the better than expected Chicago Fed National Activity Index but the futures action led to a higher open for the broader market. The averages began the day slightly higher but moved firmly into the green shortly after midmorning. The market then moved in a narrow range for most of the session, but with an upward trend, as the market finally broke its losing streak... ECONOMIC EVENTS: Domestically, the Chicago Fed National Activity Index rose to +0.11 for the month of April from -0.29 in March... COMPANY NEWS: Facebook shares fell below their $38 issue price in premarket trading and continued to slide as much as 13.7% before finding a level near $33. In its second day of trading the stock closed down $4.20, or 10.99%, at $34.03... Yahoo! (YHOO) agreed to sell half of its 40% stake in Chinese e-commerce group Alibaba for about $7.1B and laid out a joint agreement for a plan to dispose of the remainder of its stake over time. Yahoo did not give exact plans for what it will do with the proceeds, expected to be about $4.2B after taxes, but did increase its share repurchase authorization by $5B concurrently with the transaction... JP Morgan (JPM) slid close to another 3% as the company's CEO Jamie Dimon announced at an investor conference that the bank is suspending its share repurchase program for the time being as it works to strengthen its capitalization ahead of new regulations... MAJOR MOVERS: Among the notable gainers were Cooper Industries (CBE), up $14.04, or 25.14%, to $69.88, after agreeing to be acquired by Eaton Corporation (ETN) in a cash and stock deal valued at $72.00 per share, and Krispy Kreme (KKD), up 61c, or 10.15%, to $6.62, following its report of better than expected earnings. Also higher were shares of Westport Innovations (WPRT), up $2.83, or 11.93%, to $26.56, as Craig-Hallum said in a note to investors that the firm sees more catalysts heading into Westport's analyst day later this week and continues to recommend the stock as the shift towards natural gas in trucking is hitting a tipping point. Noteworthy losers included Lowe's (LOW), down $2.88, or 10.11%, to $25.60, after its sales and profits beat estimates but its yearly earnings guidance came in below consensus, and BlackRock (BLK), down $4.18, or 2.43%, to $167.73, as Barclays (BCS) announced plans to sell its entire 19.6% stake in the alternative investment manager... INDICES: The Dow gained 135.10, or 1.09%, to 12,504.48; the Nasdaq rose 68.42, or 2.46%, to 2,847.21; and the S&P 500 added 20.77, or 1.60%, to 1,315.99. :theflyonthewall.com |
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| 14:20 EDT |  | MMM |
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| 14:18 EDT |  | MMM |
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| 14:17 EDT |  | MMM |
| theflyonthewall.com: | 3M Company sees strength in its industrial unit | | :theflyonthewall.com |
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| 14:17 EDT |  | MMM |
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| 13:37 EDT |  | ETN |
| theflyonthewall.com: | Piper expects further sector consolidation following Cooper deal | | Piper Jaffray expects consolidation in the electrical and industrial components sector to continue after Eaton (ETN) acquired Cooper Industries (CBE). The firm views Quanta Services (PWR), Acuity Brands (AYI) and Elster (ELT) as attractive potential takeover targets within its coverage universe. :theflyonthewall.com |
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| 12:21 EDT |  | ETN |
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| 10:46 EDT |  | TWC |
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| 10:01 EDT |  | ETN |
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| 09:44 EDT |  | ETN |
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| 09:43 EDT |  | T |
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| 09:11 EDT |  | ETN |
| theflyonthewall.com: | Eaton sees Cooper acquisition accretive to EPS by 35c in 2014 | | The acquisition is expected to be accretive to operating earnings per share by 35c in 2014 and by 45c in 2015. Excluding the non-cash expense related to the amortization of intangibles arising from purchase accounting, the acquisition is expected to be accretive to operating earnings per share by 65c in 2014 and by 75c in 2015. The acquisition will be financed with a mixture of cash, debt, and equity. Eaton has secured a $6.75B fully underwritten bridge financing commitment from Morgan Stanley Bank, N.A., Morgan Stanley Senior Funding, Inc. and Citibank, N.A. to finance the cash portion of the Acquisition. Eaton plans to later refinance these bridge borrowings through a new term debt issuance, use of cash on hand, and the possible sale of assets. :theflyonthewall.com |
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| 09:09 EDT |  | ETN |
| theflyonthewall.com: | Eaton to buy Cooper Industries for cash and stock valued at $72 | | Eaton Corporation (ETN) and Cooper Industries plc (CBE) announced they have entered into a definitive agreement under which Eaton will acquire Cooper in a transaction that will significantly increase the capabilities and geographic breadth of the combined company’s power management portfolio and electrical business. At the close of the transaction, which is expected in the second half of 2012, Eaton and Cooper will be combined under a new company incorporated in Ireland, where Cooper is incorporated today. The newly created company, which is expected to be called Eaton Global Corporation Plc or a variant thereof, will be led by Alexander M. Cutler, Eaton’s current chairman and CEO. Under the terms of the Transaction Agreement, Cooper Shareholders will receive $39.15 in cash and 0.77479 shares of New Eaton for each Cooper share. Based on the Closing Price for Eaton common stock on Friday May 18, Cooper Shareholders will receive cash and shares valued at $72.00 per share, representing a premium of 29% and a total transaction equity value of approximately $11.8B. Eaton Shareholders will receive one share of the new company for each share of Eaton that they own upon closing. The transaction will be taxable, for U.S. federal income tax purposes, to both the Eaton Shareholders and the Cooper Shareholders. Eaton Shareholders are expected to own approximately 73% of the combined company while legacy Cooper Shareholders are expected to own approximately 27%. Shares of New Eaton will be registered with the U.S. SEC and are expected to trade on the New York Stock Exchange under the ticker symbol ETN. :theflyonthewall.com |
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| 09:06 EDT |  | ETN |
| theflyonthewall.com: | Eaton to buy Cooper Industries for cash and stock valued at $72 | | :theflyonthewall.com |
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| 09:03 EDT |  | MMM |
| theflyonthewall.com: | 3M Food Safety obtains AFNOR approval for 3M Petrifilm Aqua Coliform Count Plate |
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| 08:07 EDT |  | TWC |
| theflyonthewall.com: | RGB Networks, BlackArrow enable targeted advertising delivery for TV Everywhere |
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| 07:35 EDT |  | T |
| theflyonthewall.com: | Small Business Administration to host a conference | | National Small Business Week 2012 is being held in Washington, D.C. on May 20-22. :theflyonthewall.com |
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| 07:31 EDT |  | MMM |
| theflyonthewall.com: | Electrical Products Group hosts a conference | | 2012 Electrical Products Group Annual Spring Conference is being held in Longboat Key, Florida on May 20-23 with webcasted company presentations to begin on May 21 at 7:30 am; not all company presentations may be webcasted. Webcast Link :theflyonthewall.com |
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| 06:36 EDT |  | TWC |
| theflyonthewall.com: | Five major U.S. cable companies announce WiFi partnership | | Bright House Networks, Cablevision (CVC), Comcast (CMCSA), Cox Communications and Time Warner Cable (TWC) announce that they will enable each other's high-speed Internet customers to access their metro WiFi networks, totaling over 50,000 hotspots. To simplify access, a new network name, "CableWiFi", has been created for subscribers to use when accessing the WiFi hotspots outside their home market. The first implementation is already complete as Bright House Networks and Cablevision launched "CableWiFi" alongside their branded WiFi networks in the New York City area and central Florida earlier this month. Over the next few months, the "CableWiFi" network name will be added by each of the cable companies to their branded WiFi hotspots. :theflyonthewall.com |
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May 20, 2012
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| 09:48 EDT |  | LMT |
| theflyonthewall.com: | Lockheed Martin Aeronautics reaches new contracts with two unions | | Members of the International Brotherhood of Electrical Workers, IBEW, and the Office and Professional Employees International Union, OPEIU, have ratified new labor agreements with Lockheed Martin [NYSE: LMT] Aeronautics in Fort Worth. The new agreements become effective Monday, May 21 and will extend for four and five years, respectively. :theflyonthewall.com |
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| 09:45 EDT |  | LMT |
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May 18, 2012
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| 12:35 EDT |  | LMT |
| theflyonthewall.com: | House votes to sell planes to Taiwan, Defense News says | | The House of Representatives voted yesterday to force the Obama administration to authorize the sale of 66 of Lockheed Martin's (LMT) F-16C/D planes to Taiwan, according to Defense News. Reference Link :theflyonthewall.com |
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| 10:27 EDT |  | BMY |
| theflyonthewall.com: | On The Fly: Analyst Initiation Summary | | Today's noteworthy initiations include: Acorda Therapeutics (ACOR) initiated with a Sell at Goldman... Bristol-Myers (BMY) initiated with an Outperform at BMO Capital... Corning (GLW) initiated with a Neutral at Susquehanna... Cree (CREE) initiated with a Positive at Susquehanna... Exactech (EXAC) initiated with a Buy at Benchmark Co... Hawaiian Holdings (HA) initiated with an Outperform at Imperial Capital... Mattel (MAT) initiated with a Buy at SunTrust... Merck (MRK) initiated with a Market Perform at BMO Capital... Micron (MU) initiated with a Buy at ThinkEquity... SanDisk (SNDK) initiated with a Hold at ThinkEquity... Spansion (CODE) initiated with a Buy at ThinkEquity... Dendreon (DNDN) initiated with a Sell at Maxim. :theflyonthewall.com |
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| 09:31 EDT |  | COV |
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| 08:32 EDT |  | RTN |
| theflyonthewall.com: | Raytheon awarded $57.8M contract by U.S. Navy | | The U.S. Navy awarded Raytheon a contract totaling $57.8M to overhaul and upgrade nine Phalanx Close-In Weapon Systems, and manufacture two SeaRAM anti-ship missile defense systems. The agreement also includes the purchase of 20 radar upgrade kits. :theflyonthewall.com |
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| 08:14 EDT |  | COV, BAX |
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| 08:07 EDT |  | TWC |
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| 07:59 EDT |  | BMY |
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| 06:32 EDT |  | BMY |
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| 05:35 EDT |  | BMY |
| theflyonthewall.com: | Dr. Reddy's Labs announces the launch of Clopidogrel tablets, USP | | Dr. Reddy’s Laboratories announced that it has launched CLOPIDOGREL TABLETS, USP 75 mg & 300 mg, a bioequivalent generic version of PLAVIX, in the U.S. market on May 18. The ANDAs for Clopidogrel Tablets USP, 75 mg & 300 mg are approved by the U.S. FDA, or USFDA. Dr. Reddy’s Laboratories was among the first applicants to submit a substantially complete ANDA for Clopidogrel Tablets USP, 300 mg with a Paragraph IV certification, and was awarded 180 days of marketing exclusivity for this strength. The PLAVIX brand had U..S. sales of approximately $6.740B for the most recent twelve months ending March 2012 according to IMS Health. :theflyonthewall.com |
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May 17, 2012
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| 15:47 EDT |  | BMY |
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| 13:03 EDT |  | T |
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| 10:54 EDT |  | T |
| theflyonthewall.com: | AT&T says Lumia sales exceeded expectations | | :theflyonthewall.com |
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| 10:51 EDT |  | T |
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| 10:49 EDT |  | T |
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| 10:49 EDT |  | COV |
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| 10:43 EDT |  | T |
| theflyonthewall.com: | AT&T does not see anything that will dampen the data demand | | :theflyonthewall.com |
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| 10:42 EDT |  | T |
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| 09:06 EDT |  | CAT |
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| 09:03 EDT |  | CAT |
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| 09:03 EDT |  | MMM |
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| 07:35 EDT |  | MMM |
| theflyonthewall.com: | 3M Co. struggles with long supply chains, cost cutting, WSJ reports | | With slow economic growth, and Q1 sales up just 2.4%, 3M Co. (MMM) is focused on cost cutting from a vast, complex manufacturing enterprise with an estimated 65,000 products that are produced in 214 plants in 41 countries, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 06:15 EDT |  | T |
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| 06:14 EDT |  | TWC |
| theflyonthewall.com: | Time Warner Cable, Viacom settle their iPad issues, WSJ reports | | Time Warner Cable (TWC) says it will resume live streaming of some Viacom (VIA, VIAB) owned TV channels to customers' iPads (AAPL) following a legal settlement with Viacom, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 00:23 EDT |  | CAT, T |
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May 16, 2012
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| 12:54 EDT |  | BMY |
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| 10:36 EDT |  | LMT, RTN |
| theflyonthewall.com: | House subcommittee recommends $5.3B boost to weapons funding, Defense News says |
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| 09:23 EDT |  | LMT |
| theflyonthewall.com: | BofA/Merrill's Head of U.S. Equity & Quantitative Strategy holds conference call |
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| 09:15 EDT |  | RTN, LMT |
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| 09:02 EDT |  | BAX |
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| 08:08 EDT |  | MMM |
| theflyonthewall.com: | 3M Company signs agreement with Departments of Defense and Veterans Affair | | 3M Health Information Systems will open access to the 3M Healthcare Data Dictionary under an agreement with the U.S. Department of Defense and Department of Veterans Affairs. The 3M Healthcare Data Dictionary will provide the core technology to enable semantic interoperability for the joint DoD/VA integrated Electronic Health Record making it possible to share medical knowledge and secure patient data between care providers at U.S. military treatment facilities located around the world and VA Medical Centers. :theflyonthewall.com |
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| 08:02 EDT |  | RTN |
| theflyonthewall.com: | Raytheon awarded $313.8M for Standard Missile-6 all-up rounds | | The U.S. Navy awarded Raytheon a $313.8M contract for low-rate initial production of Standard Missile-6 all-up rounds. SM-6 leverages the legacy Standard Missile airframe and propulsion elements, while incorporating the advanced signal processing and guidance control capabilities of Raytheon's Advanced Medium-Range Air-to-Air Missile. Work will be performed in Tucson, Ariz.; Camden, Ark.; Andover, Mass.; Huntsville, Ala.; Dallas, Texas; Hanahan, S.C.; Anniston, Ala.; San Jose, Calif.; and Middletown, Ohio, and is expected to completed by March 2015. :theflyonthewall.com |
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| 07:43 EDT |  | ARG |
| theflyonthewall.com: | Oppenheimer to host a conference | | 7th Annual Industrials Conference is being held in New York on May 15-16 with webcasted company presentations to begin on May 16 at 8 am; not all company presentations may be webcasted. Webcast Link :theflyonthewall.com |
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| 07:17 EDT |  | BLL |
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| 04:59 EDT |  | LMT |
| theflyonthewall.com: | Lockheed Martin Orbits 100th and 101st commercial geo satellites | | The 100th and 101st Lockheed Martin commercial geostationary communication satellites have been successfully placed in orbit after a dual launch aboard an Ariane 5-ECA launch vehicle. Both satellites are based on Lockheed Martin's A2100 geosynchronous satellite series. Both satellites will undergo on-orbit checkout over the next few months prior to the start of operations. VINASAT-2 is scheduled to be handed over to VNPT in late June and JCSAT-13 will be turned over to SKY Perfect JSAT in mid July. :theflyonthewall.com |
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| 04:45 EDT |  | CAT |
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May 15, 2012
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| 17:00 EDT |  | MMM |
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| 13:48 EDT |  | LMT |
| theflyonthewall.com: | Pentagon limiting flights of Lockheed F-22 due to oxygen problems, AP reports |
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| 11:02 EDT |  | T |
| theflyonthewall.com: | AT&T Government Solutions chosen as prime vendor for Homeland Security contract |
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| 11:01 EDT |  | BMY |
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| 10:33 EDT |  | T |
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| 10:09 EDT |  | BMY |
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| 09:38 EDT |  | BMY |
| theflyonthewall.com: | Amylin takeover could get done in mid-$30's per share, says Leerink | | Leerink is not surprised by the number of potential bidders reportedly interested in Amylin (AMLN) and says a deal for the company could get done reasonably in the mid-$30 per share range for the right acquirer. The firm thinks a bidding war could push the takeover price even higher. Leerink views Amylin as being the most strategic for Sanofi (SNY), followed by Merck (MRK), and believes and Bristol-Myers' (BMY) purported $22 per share bid sets a floor for any acquisition offer. :theflyonthewall.com |
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| 07:48 EDT |  | LMT |
| theflyonthewall.com: | Jacobs Engineering, Lockheed Martin joint venture concludes AWE pricing | | Jacobs Engineering (JEC) announced that AWE Management Limited, in which it has a one third share, has concluded the arrangements for the next pricing period regarding the contract to Manage and Operate the Atomic Weapons Establishment in the United Kingdom. Formed in 2000, AWE ML is a joint venture between Jacobs, Lockheed Martin (LMT) and Serco to manage AWE plc on behalf of the UK Ministry of Defence. The conclusion of recent negotiations is an important milestone although the contract has no material changes. The new arrangements will take effect from April 2013 and run through to March 2018. The total value to AWE ML is an average of around $1.59B per year with approximately 40% to be invested in capital projects. :theflyonthewall.com |
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| 07:34 EDT |  | CL |
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| 05:40 EDT |  | BMY |
| theflyonthewall.com: | Bristol-Myers Squibb and Tsinghua University enter strategic partnership | | Bristol-Myers Squibb and Tsinghua University of Beijing, China, today announced the formation of a multi-year strategic partnership. Under the agreement, Bristol-Myers Squibb will fund research efforts at Tsinghua University’s School of Life Sciences to identify and validate novel targets in oncology and immunoscience. The collaboration will also focus on structural biology research, the science of mapping the 3D protein structure of biological molecular targets that could serve as the basis for future drug discovery projects. :theflyonthewall.com |
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May 14, 2012
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| 12:07 EDT |  | LMT, RTN |
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| 08:04 EDT |  | RTN |
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| 08:03 EDT |  | BMY |
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| 07:37 EDT |  | CAT |
| theflyonthewall.com: | American Financial Services Association to host a conference | | 22nd AFSA Finance Industry Conference for Fixed Income Investors is being held in Boston on May 14-16. :theflyonthewall.com |
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May 13, 2012
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| 15:56 EDT |  | T |
| theflyonthewall.com: | LTE could help Verizon and AT&T, hurt Sprint-Nextel, Barron's reports | | Barron’s Technology Trader columnist Tiernan Ray went out on a limb and predicted that we'll see the end of the traditional phone company over the course of the next several years. His reasoning is that the fast pace at which data -- e-mails, text messages, Web pages, tweets -- happens with displace plain old phone calls. Over the next couple of years, 4G/ LTE, or long-term evolution, will move cellphone voice calls from traditional cellular networks to the Internet. The phone companies won't go away, but Ray contends that they'll be challenged to make the economics work without the assurance of a monthly tax on your phone calls. The dominant carriers, Verizon (VZ) and AT&T (T) in this country, would see their relative positions improve. While Ray believes the smaller ones, such as Sprint-Nextel (S) and Deutsche Telekom's (DTEGY) T-Mobile USA, could suffer. Reference Link :theflyonthewall.com |
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