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Stock Market & Financial Investment News

News Breaks
October 3, 2013
04:55 EDTNYX, NYX, YHOO, YHOO, FDP, FDP, INTC, INTC, AET, AET, TDC, TDC, ACXM, ACXM, CNO, CNO, HBAN, HBAN, GTI, GTI, LNC, LNCCorporate Board Member to host a summit
10th Annual Boardroom Summit is being held in New York on October 3-4.
News For NYX;GTI;HBAN;CNO;ACXM;TDC;AET;INTC;FDP;YHOO;LNC From The Last 14 Days
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December 17, 2014
13:44 EDTYHOOYahoo holders continue push for AOL merger, NY Times reports
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10:51 EDTAETLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Gupte provides outlook and favorite names for 2015 in the Hospitals and Managed Care Industry on an Analyst/Industry conference call to be held on December 18 at 1 pm.
09:02 EDTTDCTeradata acquires big data archiving company RainStor
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08:55 EDTINTCJD.com signs partnership pact with Intel on shopping tech, Marbridge Daily says
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December 16, 2014
11:31 EDTINTCRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link
December 12, 2014
13:52 EDTAETLeerink healthcare services analyst holds an analyst/industry conference call
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08:46 EDTAETAetna price target raised to $103 from $92 at Credit Suisse
Credit Suisse raised Outperform rated Aetna's price target to $103 based on updated guidance and longer term growth opportunities.
08:03 EDTAETAetna 2015 EPS guidance cautious, says Wells Fargo
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December 11, 2014
10:17 EDTYHOOCiti upbeat on Google in face of pending Apple decision on Safari
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08:50 EDTAETAetna sees operating EPS highest in 1Q15
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08:09 EDTYHOOGoogle shares pricing in loss of Apple search deal, says Citigroup
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08:06 EDTGTIGrafTech finalizes relocation plans in Northern Ohio
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December 10, 2014
17:04 EDTAETAetna sees FY15 operating EPS at least $6.90, consensus $7.17
Sees FY15 operating revenue at least $62B, consensus $61.68B. Guidance to be confirmed at investor conference in New York on December 11.
17:02 EDTAETAetna backs FY14 operating EPS $6.60-$6.70, consensus $6.68
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14:45 EDTAETDeal would block payments to health insurance companies, The Hill says
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December 9, 2014
14:22 EDTAETAetna updates clinical policy for H.P. Acthar Gel
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10:23 EDTHBANOn The Fly: Analyst Initiation Summary
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06:43 EDTHBANHuntington Bancshares initiated with a Neutral at Guggenheim
December 8, 2014
09:01 EDTFDPFresh Del Monte announces results of modified Dutch auction tender offer
Fresh Del Monte Produce announced the final results of its modified Dutch auction tender offer, which expired at 11:59 p.m., New York City time, on December 2. Pursuant to the terms of the tender offer, the company offered to purchase ordinary shares having an aggregate purchase price not exceeding $175M. The company has accepted for purchase 2,363,996 ordinary shares, at a purchase price of $34.50 per share, for an aggregate purchase price of approximately $81.6M, excluding fees and expenses relating to the tender offer. These ordinary shares represent approximately 4.2% of the total number of the company’s ordinary shares issued and outstanding as of November 30. In accordance with the terms and conditions of the tender offer, the company accepted for purchase all of the ordinary shares validly tendered and not validly withdrawn prior to the expiration of the tender offer. The depositary will promptly pay for the ordinary shares accepted for purchase and will return all other ordinary shares tendered.
08:56 EDTLNCLincoln National to sell LFM to Entercom Comm for $105M plus working capital
Entercom Communications Corp. (ETM) announced that it has entered into a definitive agreement to acquire Lincoln Financial Media, or LFM, from Lincoln Financial Group (LNC) for $105M plus working capital. The transaction is subject to FCC and other customary regulatory approvals and closing conditions. The company expects that the deal will close in 2Q15. The agreement includes fifteen radio stations in the Atlanta, Denver, Miami and San Diego markets, and it will expand Entercom’s station portfolio to more than 130 stations in 26 markets. The $105M purchase price will be paid in the form of $77.5M in cash and $27.5M in new perpetual cumulative convertible preferred stock that will be issued to Lincoln. Entercom expects to finance the cash portion of the purchase price through a combination of its existing $50M revolver, cash on hand, and through other financing sources, if necessary. Entercom anticipates that it will begin operating the LFM stations under a time brokerage agreement which is expected to commence in late January following the usual Justice Department regulatory review. In order to comply with the FCC’s station ownership limitations, the Company plans to divest one FM station in the Denver market.
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