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Stock Market & Financial Investment News

News Breaks
August 7, 2014
07:57 EDTTYC, SIEGY, NSRGYForeign trade group warns inversion crackdown could prompt job cuts, WSJ says
The Organization for International Investment, a trade group of U.S. subsidiaries of foreign multinationals that represents companies such as Nestle (NSRGY), Siemens (SIEGY) and Tyco International (TYC), warned that legislative efforts to limit tax inversions by U.S. companies could hit its members as well and that cuts to their U.S. employment or investment could follow, reported The Wall Street Journal. Reference Link
News For NSRGY;SIEGY;TYC From The Last 14 Days
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January 28, 2015
09:59 EDTSIEGYOn The Fly: Analyst Downgrade Summary
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05:24 EDTSIEGYSiemens downgraded to Underweight from Equal Weight at Barclays
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January 27, 2015
09:11 EDTSIEGYSiemens backs view for basic EPS to grow at least 15% in FY15
Siemens said: "We confirm our outlook. We believe that our business environment will be complex in fiscal 2015, among other things due to geopolitical tensions. We expect revenue on an organic basis to remain flat year-over-year, and orders to exceed revenue for a book-to-bill ratio above 1. Furthermore, we expect that gains from divestments will enable us to increase basic EPS from net income by at least 15% from EUR 6.37 in fiscal 2014. For our Industrial Business, we expect a profit margin of 10% to 11%. This outlook excludes impacts from legal and regulatory matters."
09:10 EDTSIEGYSiemens reports Q1 basic EPS EUR 1.30 vs. EUR 1.55 last year
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09:08 EDTTYCTyco, AEG renews, expands partnership for STAPLES Center
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06:03 EDTSIEGYSiemens CEO says Dresser-Rand takeover 'makes sense,' Reuters reports
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January 26, 2015
07:56 EDTSIEGYSiemens to face shareholder pushback over oil equipment acquisition, WSJ says
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January 22, 2015
10:03 EDTTYCOn the Fly: Analyst Initiation Summary
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08:56 EDTSIEGYSiemens receives order for 48-MW Alexander wind project in Kansas
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January 21, 2015
17:15 EDTTYCTyco initiated with a Sell at UBS
UBS initiated Tyco with a Sell rating and $40 price target, as the firm believes any upside in the stock is already factored into the company's guidance.
January 20, 2015
06:51 EDTNSRGYNestle to invest about $140M in Egypt over next few years, Reuters says
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January 16, 2015
10:01 EDTNSRGYOn The Fly: Analyst Downgrade Summary
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05:32 EDTNSRGYNestle downgraded to Neutral from Buy at Natixis
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05:32 EDTNSRGYNestle downgraded to Underperform from Neutral at Exane BNP Paribas
January 14, 2015
08:39 EDTTYCTyco says acquired assets of Grinnel, resolved disputes with historical insurers
Tyco said in a filing that as previously disclosed, during 4Q14, Tyco recorded a net charge of $465M related to asbestos liabilities, of which $225M related to Yarway Corporation liabilities and $240M related primarily to Grinnell. The company also disclosed that, in connection with claims primarily related to Grinnell, the company had resolved disputes with certain of its historical insurers and agreed that certain insurance proceeds would be used to establish and fund a qualified settlement fund, within the meaning of the Internal Revenue Code, which would be used for the resolution of certain of these liabilities. On January 9, 2015, the company completed a series of restructuring transactions related to the establishment and funding of a dedicated structure pursuant to which the company acquired the assets of Grinnell and transferred cash and other assets totaling approximately $278M, not including $22M received by the QSF from historic third-party insurers in settlement of coverage disputes, to the structure. As part of the restructuring, subsidiaries in the structure assumed certain liabilities related to historic Grinnell, Scott and Figgie operations, including all historical Grinnell asbestos liabilities, and such subsidiaries purchased additional insurance by, through or from a wholly-owned subsidiary in the structure in order to supplement and enhance existing insurance assets. The structure and the QSF fully fund all historic Grinnell asbestos liabilities and provide for the efficient and streamlined management of claims related thereto.

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