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Stock Market & Financial Investment News

News Breaks
June 27, 2014
09:10 EDTMTW, GSManitowoc acknowledges Relational's 13D filing
The Manitowoc Company (MTW) acknowledged that Relational Investors LLC has filed a Schedule 13D with the Securities and Exchange Commission reporting that it has acquired beneficial ownership of 8.52% of the company's common stock. “As an organization, we are committed to acting in the best interest of the company and all of its stakeholders. We have maintained, and will continue to maintain, an open dialogue with all of our shareholders. In fact, we have already had several conversations with Relational Investors. As part of our regular evaluation of the company’s enterprise-wide strategic imperatives to drive long-term shareholder value, we will continue to consider and review Relational Investors’ suggestions,” commented Glen E. Tellock, Manitowoc’s chairman and CEO. “We have great confidence in the strength of our business and our ability to manage the company in any market environment. The Board of Directors and management team remain committed to building value for all shareholders through the continued execution of our strategy, including margin expansion initiatives which are already delivering results, and the continued evaluation of our capital allocation policy following our substantial deleveraging since the Enodis transaction,” concluded Tellock. Goldman, Sachs & Co. (GS) is serving as financial advisor to The Manitowoc Company, Inc.
News For MTW;GS From The Last 14 Days
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October 16, 2014
10:31 EDTGSGoldman CFO says would consider accretive acqusitions, but environment tough
Goldman Sachs CFO Schwartz says the regulatory environment makes it harder generally for all financial institutions to do deals, but that Goldman remains willing to consider a deal in any of its segments if the transaction would be accretive and a good fit.
10:18 EDTGSGoldman Sachs says liquidations contributed to market move over last two days
09:48 EDTGSGoldman Sachs CFO says yesterday 'painful' but global growth forecast unchanged
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09:35 EDTGSGoldman Sachs CFO says investment banking backlog at highest level since 2007
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09:34 EDTGSGoldman Sachs says global share of announced M&A 29%, up 300 bps from 2013
Goldman Sachs CFO Harvey Schwartz is speaking on the company's Q3 earnings conference call.
09:23 EDTGSOn The Fly: Pre-market Movers
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07:40 EDTGSGoldman: Net provisions for litigation for Q3 $194M vs. $142M a year ago
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07:40 EDTGSGoldman Sachs says total staff increased 3% during Q3
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07:39 EDTGSGoldman CEO: Client activity driven by improving U.S. economic conditions
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07:38 EDTGSGoldman Sachs reports Common Equity Tier 1 ratio 11.8% at September 30
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07:36 EDTGSGoldman Sachs raises quarterly dividend to 60c per share
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07:36 EDTGSGoldman Sachs reports Q3 EPS $4.57, consensus $3.21
Reports Q3 revenue $8.39B, consensus $7.85B.
October 15, 2014
15:28 EDTGSNotable companies reporting before tomorrow's open
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15:02 EDTGSGoldman Sachs October 177 straddle priced for 3.7% move into Q3
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October 14, 2014
08:08 EDTGSGoldman Sachs October volatility elevated into Q3 and outlook
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October 13, 2014
07:50 EDTMTWManitowoc price target lowered to $27 from $33 at RBC Capital
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07:15 EDTGSNational Association of Corporate Directors to hold a conference
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06:44 EDTGSRegulators seeking banks' auto loan data, Reuters reports
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06:37 EDTGSBlackRock, Morgan Stanley to buy shares in Link Net, WSJ reports
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October 12, 2014
13:03 EDTGSBanks agree on derivatives procedures for future crisis scenario, WSJ says
Meeting at the Federal Reserve in Washington, top banking executives from 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, says the Wall Street Journal. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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