New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 14, 2013
17:18 EDTMS, TSO, EQIX, NWSAThird Point reports new stakes in News Corp., Tesoro, Morgan Stanley, Equinix
News For NWSA;TSO;MS;EQIX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 29, 2015
08:59 EDTEQIXEquinix reaches agreement to acquire TelecityGroup
Subscribe for More Information
06:45 EDTEQIXInterXion issues statement confirming termination of agreement with Telecity
Interxion (INXN) issued the following statement in response to the announcement today by TelecityGroup and Equinix (EQIX) regarding the takeover offer made by Equinix for TelecityGroup. On 9 March 2015, Interxion and TelecityGroup announced that they entered into an agreement to implement an all-share merger. As a result of the announcement of the Equinix offer for TelecityGroup, Interxion and TelecityGroup have today terminated the Implementation Agreement. Interxion CEO David Ruberg commented, “Supported by strong customer orders and installations, Interxion delivered revenue and adjusted EBITDA growth of 15% and 18%, respectively, in the first quarter of 2015. We continue to execute our communities of interest strategy with a disciplined investment approach focused on delivering strong returns. Our data centres are among the most highly connected in 11 countries across Europe with regards to carriers, ISPs, and major cloud platforms.”
May 28, 2015
06:57 EDTMSMorgan Stanley picked by GE as adviser for Japan leasing sale, Bloomberg reports
Subscribe for More Information
May 27, 2015
10:01 EDTTSOOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
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.
06:18 EDTTSOOppenheimer upgrades refiners on favorable fundamentals
Oppenheimer upgraded to Outperform from Perform shares of HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX) and Tesoro (TSO) saying favorable industry fundamentals will continue to support higher valuations. Wide crude differential, low natural gas prices, growing refined product exports and improved petroleum demand should drive shares of refiners higher, Opco tells investors in a research note. The firm also raised its price target for Outperform rated Valero (VLO) to $70 from $65.
06:13 EDTTSOTesoro upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded Tesoro and other names in the Refining space saying favorable industry fundamentals will support higher valuations. The firm has a $105 price target for shares.
May 26, 2015
09:03 EDTEQIXInterXion upgraded on M&A potential, valuation at Stifel
Subscribe for More Information
05:23 EDTEQIXEquinix to invest over $40M to expand in Hong Kong
Subscribe for More Information
May 21, 2015
09:58 EDTEQIXOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:49 EDTEQIXEquinix downgraded to Hold from Buy at Gabelli (pre--open)
Subscribe for More Information
06:29 EDTEQIXEquinix downgraded to Hold from Buy at Stifel
Stifel downgraded Equinix to Hold based on valuation and lack of catalysts.
May 20, 2015
08:21 EDTMSATM data theft soars to highest rate in two decades, WSJ says
Subscribe for More Information
08:04 EDTEQIXEquinix receives favorable REIT private letter ruling from IRS
Subscribe for More Information
06:10 EDTMSMorgan Stanley implied volatility of 16 at lower end of index mean range
Subscribe for More Information
May 18, 2015
09:46 EDTMSMPLX enters common unit sales agreement for up to $500M
Subscribe for More Information

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