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Stock Market & Financial Investment News

News Breaks
February 14, 2013
17:34 EDTJBLU, LRCX, MRVLAppaloosa liquidates stakes in Marvell, Lam Research, JetBlue over quarter
News For MRVL;LRCX;JBLU From The Last 14 Days
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February 25, 2015
07:08 EDTMRVLMarvell downgraded at Stifel
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06:07 EDTMRVLMarvell downgraded to Hold from Buy at Stifel
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February 24, 2015
15:54 EDTJBLUAmerican Express confirms end of partnership with JetBlue
American Express (AXP) confirmed in a regulatory filing that the company was unable to reach terms to renew its cobrand relationship with JetBlue (JBLU) recently. The Fly notes that Bloomberg first reported on February 13 that JetBlue was ending its agreement with American Express.
10:08 EDTMRVLOptions with decreasing implied volatility
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06:29 EDTJBLUCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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February 23, 2015
16:17 EDTJBLUBuckeye Partners reduces FY14 revenue by $40M due to settlement discussions
Buckeye Partners (BPL) announced revisions to its financial results for Q4 and FY14 due to a recent development. As has been previously disclosed, commencing in September 2012, Delta Air Lines (DAL), JetBlue (JBLU), United/Continental Air Lines (UAL), US Airways, and American Airlines (AAL) filed complaints with the Federal Energy Regulatory Commission challenging rates for transportation of jet fuel from New Jersey to three New York City area airports charged by Buckeye Pipe Line Company, an operating subsidiary of Buckeye. The Airlines are seeking payments for alleged past excessive charges and prospective tariff rate reductions. As the litigation has progressed, BPLC and the Airlines have continued to pursue settlement discussions. Due to positive developments in those settlement discussions subsequent to Buckeye's issuance of its 2014 earnings on Friday, February 6, Buckeye has recorded a reduction in revenue in the amount of $40M for the year ended December 31, 2014 in accordance with applicable accounting guidance regarding contingencies. This reduction in revenue is a one-time charge; therefore, Adjusted EBITDA and distributable cash flow for 2014 remain as reported on February 6th. The $40M is based upon a settlement offer made by BPLC to satisfy the claims for alleged past excessive charges through December 31, 2014, which offer has not been accepted by the Airlines. "While we continue to pursue settlement of this matter, we are not able to predict with certainty the final outcome of the proceeding, should it be carried through to its conclusion, or whether we can reach a satisfactory settlement and, if so, whether or not it will be on more or less favorable terms," the company said.
February 20, 2015
10:22 EDTMRVLMarvell reiterated as a Sell at Goldman
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10:01 EDTMRVLOn The Fly: Analyst Upgrade Summary
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07:23 EDTMRVLMarvell willingness to explore alternatives a positive, says Brean Capital
Brean Capital noted Marvell reported a top-line miss but beat earnings by a penny and the firm said it was disappointed by the company's lower guidance. The firm believes that management's comment regarding their willingness to explore alternatives for its mobile business is positive and that a sale or joint venture could lead to significant upside. Brean Capital maintained its Buy rating and $17 price target on Marvell shares.
07:20 EDTMRVLMarvell says will consider 'anything that makes sense' for mobile business
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06:02 EDTMRVLMarvell upgraded to Outperform from Market Perform at FBR Capital
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February 19, 2015
18:19 EDTMRVLOn The Fly: After Hours Movers
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16:23 EDTMRVLMarvell sees Q1 EPS 18c plus/minus 1c, consensus 22c
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16:21 EDTMRVLMarvell reports Q4 EPS 25c, consensus 24c
Reports Q4 revenue $857M, consensus $889.88M.
15:32 EDTMRVLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Public Storage (PSA), consensus $2.19... Intuit (INTU), consensus (13c)... Consolidated Edison (ED), consensus 55c... Nordstrom (JWN), consensus $1.35... Mohawk Industries (MHK), consensus $2.21... Newmont Mining (NEM), consensus 10c... Frontier Communications (FTR), consensus 5c... Brocade Communications (BRCD), consensus 24c... Bruker (BRKR), consensus 29c... Rovi (ROVI), consensus 41c... Marvell Technology (MRVL), consensus 24c... MRC Global (MRC), consensus 46c... Equinix (EQIX), consensus $1.03.
15:11 EDTMRVLMarvell February 16.5 straddle priced for 5.6% movement into Q4
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09:59 EDTJBLUOn The Fly: Analyst Initiation Summary
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08:57 EDTMRVLMarvell volatility elevated into Q4 and outlook
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February 18, 2015
17:28 EDTJBLUJetBlue initiated with a Buy at BofA/Merrill
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05:15 EDTJBLUJetBlue says Lufthansa incentive order will have no impact on share count
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