New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 14, 2013
17:44 EDTCTXS, F, MS, APCSoros reports new stakes in Morgan Stanley, Citrix, Anadarko, Ford
News For MS;CTXS;APC;F From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 27, 2015
06:57 EDTMSAbbVie enters into ASR with Morgan Stanley to repurchase $5B of stock
AbbVie (ABBV) said in a regulatory filing that on May 26, it entered into an accelerated share repurchase agreement with Morgan Stanley (MS) to repurchase $5B of AbbVie’s common stock. Morgan Stanley is expected to make an initial delivery of approximately 68 million shares of AbbVie’s common stock on May 27, which represents 90% of the prepayment amount divided by the closing price of AbbVie’s common stock on May 26. At settlement of the agreement, Morgan Stanley may be required to deliver additional shares of AbbVie’s common stock to AbbVie or, under certain circumstances, AbbVie may be required to deliver shares of its common stock or may elect to make a cash payment to Morgan Stanley. The total number of shares of AbbVie’s common stock to be repurchased under the agreement will be based on the daily volume-weighted average price of AbbVie’s common stock during the term of the transaction, less a discount and subject to adjustment pursuant to the terms of the agreement. The final settlement of the transactions under the agreement is expected to occur before the end of 4Q15 and may be accelerated at the option of Morgan Stanley.This agreement was entered into pursuant to AbbVie’s previously disclosed share repurchase authorization and in connection with AbbVie’s previously announced acquisition of Pharmacyclics, which was completed on May 26.
May 26, 2015
20:46 EDTCTXSCowen to hold a conference
Subscribe for More Information
11:30 EDTFFord expands operations in North Africa
As part of its global growth plan, Ford Motor Company is expanding its operations in North Africa with a new regional sales office in Casablanca and a purchasing office in Tangier. “Morocco is a great place to do business,” said Kalyana Sivagnanam, Director, Ford Middle East & North Africa. “Morocco has a very skilled and motivated workforce, a growing automotive supplier ecosystem, access to ports, free and fair trade agreements and a very pro-business mindset. Ford is delighted to partner with Morocco to expand our operations in North Africa.” Ford is bringing seven new vehicles to North Africa this year and will more than double the amount of parts it purchases from North African-based suppliers. The growing automotive supplier network in North Africa, primarily in Morocco, will supply parts to Ford’s assembly plant in Valencia, Spain, among other operations. Ford has completed a 2.3B euro investment in its Valencia plant – the largest automotive investment in Spanish history – allowing it to increase its volume and the number of nameplates it produces.
07:17 EDTFConsumer Electronics Association to hold a conference
Subscribe for More Information
May 20, 2015
08:21 EDTMSATM data theft soars to highest rate in two decades, WSJ says
Subscribe for More Information
07:26 EDTAPCUBS to hold a conference
Subscribe for More Information
06:10 EDTMSMorgan Stanley implied volatility of 16 at lower end of index mean range
Subscribe for More Information
06:06 EDTFFord's Turkish unit forced to cancel shift on supply chain issues, Reuters says
Ford's Turkish arm cancelled an extra work shift yesterday as labor unrest in Turkey's automotive sector hit the supply chain, Reuters reports. Ford Otosan commented, "As it was not possible to supply parts from intermediate product makers in Bursa, the preplanned extra working shift has been cancelled." Reference Link
06:00 EDTFTakata to widen airbag recall to nearly 34M, enters Consent Order
Subscribe for More Information
May 19, 2015
13:20 EDTFTakata expected to recall 33.8M vehicles, Detroit News reports
Subscribe for More Information
08:07 EDTCTXSCitrix teams with Mirantis for OpenStack distribution
Subscribe for More Information
07:36 EDTCTXSCitrix growth poised to accelerate, says Bernstein
After attending Citrix's Analyst Meeting, Bernstein says the company's new products are likely to help cause its growth to accelerate. The firm expects the company's EPS growth to accelerate, and it keeps a $79 price target and Outperform rating on the shares.
07:36 EDTFAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
May 18, 2015
12:33 EDTFMarathon Patent unit enters into settlement agreement with Jaguar Land Rover
Subscribe for More Information
10:01 EDTCTXSOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:54 EDTFNHTSA looks to accelerate V2V rollout by automakers, Motor Authority says
Automakers have been notified that initial proposals for the implementation of vehicle-to-vehicle technology will be outlined by before January 1, 2016, which would be a full year ahead of schedule, according to Motor Authority. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Mobileye (MBLY) makes chips utilized in advanced driver assistance systems. Reference Link
09:46 EDTMSMPLX enters common unit sales agreement for up to $500M
Subscribe for More Information
06:26 EDTFStudy shows Toyota and Honda leads in best supplier relations, Reuters says
A new study revealed that Toyota (TM) and Honda (HMC) led automakers with U.S. plants in supplier relations, reports Reuters. According to the study led by Planning Perspectives President John Henke, Toyota led Honda while Ford (F) was a distant third and Nissan (NSANY) came in fourth. General Motors (GM) and Fiat Chrysler (FCAU) were last on the list. Reference Link
05:48 EDTCTXSCitrix downgraded to Neutral from Buy at Goldman
Subscribe for More Information
05:10 EDTAPCAnadarko selects contractor for initial onshore Mozambique LNG development
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use