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Stock Market & Financial Investment News

News Breaks
May 13, 2014
07:27 EDTPM, PG, TAP, RAI, KO, LO, HSHGoldman to hold a summit
Global Staples Summit is being held in New York on May 13.
News For PM;PG;TAP;RAI;KO;LO;HSH From The Last 14 Days
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September 15, 2014
10:50 EDTTAPBrewers climb after Heineken turns down SABMiller
Shares of beer makers SABMiller (SBMRY) and Molson Coors (TAP) are climbing after Heineken (HEINY) confirmed that it rebuffed SABMiller's approach regarding a potential acquisition. Additionally, the Wall Street Journal reported that another company in the sector, ABInBev (BUD), was looking to obtain financing for an acquisition of U.K.-based SABMiller, but that report was refuted by CNBC's David Faber. WHAT'S NEW: Heineken announced yesterday that it has been approached by SABMiller regarding a potential acquisition, but concluded that SABMiller's proposal is non-actionable. The Heineken family has informed SABMiller of its intention to "preserve the heritage and identity of Heineken as an independent company," the beer maker stated. Meanwhile, The Wall Street Journal reported, citing an unnamed source, that ABInBev is in talks with banks about financing a takeover of SABMiller. The deal could be worth nearly $122B, the newspaper added. However, CNBC's David Faber this morning disputed the accuracy of the report, saying that ABInBev was not in talks to receive financing for a SABMiller takeover and that the companies were not in discussions about a transaction. ANALYST REACTION: In a note to investors on Saturday, ISI Group analyst Robert Ottenstein recommended buying shares of Molson Coors, SABMiller. and ABInBev. SABMiller's attempt to buy Heineken could indicate that the U.K-based company thinks that it will receive a takeover offer from ABInBev in the near-term, the analyst believes. It's likely that SABMiller expects an offer by ABInBev "in the foreseeable future," causing the British brewer to explore all strategic options, Ottenstein contended. Additionally, Ottenstein does not believe that SABMiller is looking to prevent a takeover by ABInBev and he does not expect Heineken to sell itself. Heineken's management said in 2012 that the family which controls the company takes a very long-term view of the business and is unlikely to permit it to be sold, Ottenstein stated. WHAT'S NOTABLE: In June, research firm ISI Group said that if ABInBev were to acquire SABMiller, Molson Coors would likely buy SABMiller's 58% stake in their U.S. joint venture, MillerCoors , at an attractive, very accretive price. Such a deal would provide AmInBev with a solution to U.S. anti-trust issues, the firm stated. Also in June, Molson Coors CEO Peter Swinburn said he wouldn't rule out buying SABMiller's stake in MillerCoors if it becomes available. PRICE ACTION: In mid-morning trading, Molson Coors climbed nearly 7% to $76.66, SABMiller rallied 10% to $61.24, and ABInBev gained 3% to $114.50 and Heineken rose 2% to $39.19.
09:16 EDTTAPOn The Fly: Pre-market Movers
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September 12, 2014
10:10 EDTTAPHigh option volume stocks
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September 10, 2014
16:00 EDTKOOptions Update; September 10, 2014
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11:04 EDTKOCoca-Cola management to meet with SunTrust
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05:41 EDTPMPhilip Morris raises dividend by 6.4% to $1.00 per share from 94c per share
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September 9, 2014
10:27 EDTTAPMolson slips after BTIG views speculated M&A as unlikely
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10:10 EDTTAPOn the Fly: Analyst Downgrade Summary
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08:35 EDTTAPMolson Coors downgraded to Neutral from Buy at BTIG
BTIG downgraded Molson Coors to Neutral due to relative valuation, challenging core markets, speculated M&A unlikely to materialize, and a likely CEO transition on the horizon.
06:50 EDTTAPHeineken discussing Czech operations sale with Molson, Reuters says
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September 8, 2014
15:43 EDTKOMonster Beverage asks court to block NY probe subpoena, Bloomberg says
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September 5, 2014
11:53 EDTKOCoca-Cola says 'on track' for 2014 productivity targets
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10:02 EDTPMWipro awarded 5-year contract with Philip Morris
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September 4, 2014
10:30 EDTRAIReynolds American backs FY14 EPS view $3.35-$3.45, consensus $3.38
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09:57 EDTPGProcter & Gamble sees FY15 core EPS growth in the mid single digits
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09:46 EDTRAIReynolds says U.S. tobacco industry enviornment remains 'highly competitive'
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07:45 EDTKOCoca-Cola can continue to outperform, says Bernstein
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September 3, 2014
16:22 EDTLOLorillard subsidiaries sue Zippo in the UK
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10:32 EDTPMPhilip Morris targeting adjusted EPS annual growth rate of 8%-10%
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09:01 EDTKOKeurig Green Mountain, Coca-Cola expand agreement to Keurig hot brewing system
Keurig Green Mountain (GMCR) and The Coca Cola Company (KO) have expanded the companies’ innovative partnership to offer select beverages from the portfolio of The Coca Cola Company’s still brands in the Keurig hot brewing system in the United States and Canada. Honest Tea will be the first brand from The Coca Cola Company available in K-Cup® packs. In February 2014, the companies signed a 10-year agreement to collaborate on the development and introduction of The Coca Cola Company's global brand portfolio for use in Keurig’s forthcoming Keurig Cold™ at-home beverage system, available in Keurig’s fiscal year 2015. As part of that agreement Coca-Cola acquired a 10% minority equity position in Keurig and subsequently announced its intention to increase its stake up to 16%.
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