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Stock Market & Financial Investment News

News Breaks
July 22, 2014
20:25 EDTOC, OC, R, R, BEAV, BEAV, WHR, WHR, NOC, NOC, DAL, DAL, FCX, FCX, GD, GD, TMO, TMO, SPG, SPG, EMC, EMC, DOW, DOW, BA, BA, PEP, PEPNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.
News For PEP;BA;DOW;EMC;SPG;TMO;GD;FCX;DAL;NOC;WHR;BEAV;R;OC From The Last 14 Days
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May 13, 2015
06:11 EDTBABoeing ends work on only small satellite program, WSJ reports
Boeing is no longer working on a program for HySpecIQ, a private equity-backed startup, which had ordered two Boeing 502 Phoenix satellites that were expected to be launched in 2018, The Wall Street Journal reports. Boeing has ended work on the imaging spacecraft, its only small satellite order, due to the downturn in the natural resources market, the publication adds.
May 12, 2015
16:25 EDTTMOOn The Fly: Top stock stories for Tuesday
Stocks began the session deep in negative territory as bond yields in Europe and the U.S. were moving higher. The market saw its lows shortly after the open and soon began to recapture some of its losses. By noon, the losses were cut in half and the Dow made it all the way back to positive ground by the afternoon. Unable to gather any upside momentum, the rally stalled and the averages limped into the close. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' small business optimism rose 1.7 points to 96.9 in April, versus expectations for a 96.0 reading. The JOLTs report showed job openings fell 150K to 4.99M in March, versus expectations for 5.11M openings. The 10-year U.S. Treasury yield climbed at high as 2.37% earlier in the session, which was its highest intraday mark since last November, before easing back by midday. Outside of the U.S., bond yields surged on 10-year notes in Japan, Italy, Spain, Portugal, and Germany. COMPANY NEWS: Shares of AOL (AOL) advanced $7.93, or 18.62%, to $50.52 after Verizon (VZ) agreed to buy the company for $50 per share in a deal valued at $4.4B. Verizon's John Stratton, speaking at the Jefferies 2015 Global TMT Conference, said the AOL deal was primarily about ad technology and Re/code reported that "one scenario" the service has heard about is that Verizon plans to spin off some or all of the content operations it is acquiring by buying AOL, such as the Huffington Post. Yahoo (YHOO) also rose 24c, or 0.55%, to $43.84, as Cantor Fitzgerald analyst Youssef Squali said he now views it as the "last remaining large scale digital media company of its kind." MAJOR MOVERS: Among the notable gainers was Pall Corp. (PLL), which advanced $19.31, or 19.44%, to $118.62 after The Wall Street Journal reported that the company is near a possible sale and listed Danaher (DHR) and Thermo Fisher (TMO) as potential buyers. Also higher was Pain Therapeutics (PTIE), which gained 68c, or 35.05%, to $2.62 after announcing that a study of its lead drug candidate, that is specifically designed to discourage certain common methods of drug tampering and misuse, demonstrated with statistical significance that both intact and chewed Remoxy were less "liked" than immediate-release oxycodone on the two primary endpoints of Drug Liking and Drug High. Among the noteworthy losers was ITT Educational Services (ESI), which plunged $1.75, or 43.53%, to $2.27 after the SEC announced that it had charged the company, along with its CEO and CFO, with fraud. Also lower were shares of NewLink Genetics (NLNK), which dropped $15.59, or 29.9%, to $36.55 after stating that it would continue its flagship IMPRESS trial as planned despite disclosing the FDA did not endorse management's plan to change the statistical analysis plan as defined in the original protocol. INDEXES: The Dow fell 36.94, or 0.2%, to 18,068.23, the Nasdaq slid 17.38, or 0.35%, to 4,976.19, and the S&P 500 dropped 6.21, or 0.29%, to 2,099.12.
14:04 EDTTMOPall Corp. a better strategic fit for Thermo Fisher than Danaher, says Mizuho
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12:34 EDTTMOOn The Fly: Top stock stories at midday
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10:58 EDTBABoeing backs FY15 core EPS $8.20-$8.40, consensus $8.55
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10:52 EDTBABoeing reports backlog of $440B in commercial airplanes
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10:49 EDTBABoeing backs FY15 revenue $94.5B-$96.5B, consensus $94.56B
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10:45 EDTTMOAnalyst says Pall deal may spark more life sciences M&A
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10:20 EDTBABoeing says demand for new airplanes remain high
CEO Jim McNerney comments that airlines remain increasingly profitable, allowing for more resources for new technology. He adds that the fundamentals that bear on market demand are there. Expects cash flow to continue to increase in 2016 and beyond on higher production rates and overall ongoing productivity gains across the company. See potential for higher margin in the long-term. Comments taken from May Investor Conference.
09:47 EDTTMOPall Corp. bids due later this week, CNBC's Faber reports
David Faber on CNBC reported that bids for Pall Corp. (PLL) from Danaher (DHR) and Thermo Fisher (TMO) are due later this week. The auction is being led by Goldman Sachs (GS), Faber adds. He notes Danaher is likely going to offer an all-cash bid whereas Thermo Fisher will use up to $2B of equity. Faber said an offer price of $120 per share for Pall is likely the top of the range. The Wall Street Journal reported last night some of these details.
08:27 EDTBA, PEPU.S. Chamber of Commerce to hold a summit
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08:07 EDTNOCNorthrop Grumman wins contract to provide forensic, biometric capability in UK
Northrop Grumman has been awarded a GBP 28.8M contract by the United Kingdom Home Office to provide service and systems operations and maintenance to the Forensic and Biometric Interim Capability, otherwise known as FABrIC. Under the two-year FABrIC contract, a recompete of IDENT1, Northrop Grumman will maintain and enhance the IDENT1 core software. IDENT1 provides identity management and crime scene forensic systems, which use fingerprints to provide the principal means of forensically verifying or resolving identities in the United Kingdom for law enforcement. It is a bespoke service that is a critical part of the national infrastructure for policing.
07:46 EDTTMODanaher has upper hand to acquire Pall, says Jefferies
After the Wall Street Journal reported that Pall Corp. (PLL) is near a possible sale and listed Danaher (DHR) and Thermo Fisher (TMO) as potential buyers, Jefferies says it believes Danaher has the upper hand in getting the deal done given its greater relative balance sheet capacity. The firm views both companies as logical buyers for Pall and notes a takeout bid of around $13B implies a share price of $120. The firm has a Buy rating on Pall.
07:31 EDTTMOThermo Fisher acquisition of Pall Corp. could create 'powerhouse,' says UBS
UBS noted Thermo Fisher (TMO) was mentioned in a media report as a possible suitor for Pall Corp. (PLL) and feels if the two combine it could create a bio-production "powerhouse." The firm sees a potential deal as accretive and creating unparalleled scale. UBS also said that, based on current valuation, the potential for a deal is barely being priced into Thermo Fisher shares. UBS reiterated its Buy rating and $160 price target on Thermo Fisher shares.
06:30 EDTTMOPall volatility flat, Danaher, Thermo Fisher to submit final bids, WSJ reports
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May 11, 2015
19:22 EDTTMODanaher, Thermo Fisher to submit final bids for Pall, WSJ says
Danaher (DHR) and Thermo Fisher (TMO) are competing to acquire Pall (PLL), with final bids due later this week, reports The Wall Street Journal, citing people familiar with the matter. A deal could be valued at $13B or more, notes the Journal. Reference Link
16:00 EDTDALOptions Update; May 11, 2015
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07:30 EDTBABoeing May volatility at low end of range into investor meeting
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06:33 EDTBAAir Lease announces lease placement of two new Boeing aircraft with Hainan
Air Lease (AL) announced long term lease agreements with Hainan Airlines for two new Boeing (BA) 787-9 aircraft, both from ALC’s order book with Boeing. ALC has ordered 46 new Boeing 787-9 and 787-10 aircraft in total for deliveries beginning in spring 2016.
06:25 EDTBABoeing management to meet with Jefferies
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