New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 6, 2014
15:30 EDTZU, UHAL, JACK, EVHC, RGP, AWK, AR, ETE, QEP, SYMC, SXL, FOXA, CXO, DNB, CF, CTL, LNT, GMCR, PAA, TEG, RIG, PRUNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Prudential (PRU), consensus $2.35; CenturyLink (CTL), consensus 64c; Symantec (SYMC), consensus 42c; Transocean (RIG), consensus $1.12; CF Industries (CF), consensus $6.71; QEP Resources (QEP), consensus 33c; Integrys Energy (TEG), consensus 45c; Dun & Bradstreet (DNB), consensus $1.35; Energy Transfer (ETE), consensus 33c; Plains All American (PAA), consensus 50c; Concho Resources (CXO), consensus 97c; Antero Resources (AR), consensus 37c; Keurig Green Mountain (GMCR), consensus 88c; Twenty-First Century Fox (FOXA), consensus 38c; American Water Works (AWK), consensus 64c; Alliant Energy (LNT), consensus 61c; Sunoco Logistics Partners (SXL), consensus 37c; Regency Energy (RGP), consensus 16c; Envision Healthcare (EVHC), consensus 25c; AMERCO (UHAL), one estimate $6.36; zulily (ZU), consensus 4c; Jack in the Box (JACK), consensus 57c.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 >>
September 28, 2015
07:40 EDTETEEnergy Transfer Equity to host conference call
Subscribe for More Information
07:13 EDTETEWilliams volatility elevated into combining with Energy Transfer Equity
Subscribe for More Information
07:11 EDTETEEnergy Transfer Equity volatility elevated into combining with Williams
Subscribe for More Information
07:10 EDTETEWilliams Partners announces termination of merger agreement with Williams
Subscribe for More Information
07:07 EDTETE, SXLEnergy Transfer Equity sees Williams deal immediately accretive to cash flow
At closing, the transaction will be immediately accretive to distributable cash flow and distributions per unit for ETE and is expected to be credit positive to ETE's credit ratings; ETE's distribution growth rate is expected to remain at its current level; As a result of diligence, the size of both the expected cost savings and the anticipated commercial synergies exceeds ETE's previous expectations and will help ensure that the duration of ETE's distribution growth rate will be longer as a result of the transaction. There is no expected impact to WPZ's credit ratings as a result of the ETE/Williams combination; WPZ unitholders will have greater distributable cash flow from material cost savings and synergies of up to $400 million per annum with WPZ joining the Energy Transfer shared service model; the combination will create new commercial opportunities for WPZ, including the potential to acquire assets from the overall Energy Transfer group, that will improve WPZ's business outlook, cash flow growth and overall financial profile; WPZ unitholders will benefit from having a general partner, ETE, that, based on the unique intrinsic financial and strategic optionality in the Energy Transfer family, will be in a position to help WPZ fully realize its long-term growth potential; and WPZ will receive a $428 million break-up fee for the termination of its merger agreement with WMB payable to all outstanding limited partnership units of WPZ including WMB's approximate 60 percent ownership.
07:05 EDTETE, SXLWilliams Partners, Williams withdraw financial guidance
Subscribe for More Information
07:04 EDTSXL, ETEEnergy Transfer Equity to combine with Williams in $37.7B transaction
Subscribe for More Information
07:02 EDTETEEntergy Transfer Equity to combine with Williams
Subscribe for More Information
06:57 EDTRIGDiamond Offshore upgraded to Hold from Sell at Deutsche Bank
Subscribe for More Information
06:56 EDTRIGTransocean upgraded to Hold from Sell at Deutsche Bank
Subscribe for More Information
September 27, 2015
20:05 EDTETEEnergy Transfer Equity close to acquiring Williams for $34B, FT says
Energy Transfer Equity (ETE) is nearing a deal to acquire Williams (WMB) and could make an announcement as soon as Monday, reports the Financial Times, citing people familiar with the matter. Major elements of the transaction have been "essentially" nailed down after a revised cash-and-stock offer from Energy Transfer, sources told the publication. Although it is unclear how much cash will be included in the deal, one source said the transaction would value Williams at $34B. Reference Link
19:39 EDTFOXA'Hotel Transylvania 2' bites down in record-setting debut
Animated children's film "Hotel Transylvania 2" set a domestic record for September while "Maze Runner" and "Black Mass" dropped in their second weekends at the box office. WEEKEND LEADER: Sony's (SNE) computer animated comedy "Hotel Transylvania 2" grossed $47.5M during its domestic open for the weekend of September 27, beating expectations for $35M-$40M and setting a new record for September box office debuts. Adam Sandler, Selena Gomez, and others returned to provide voice acting for the monster-themed movie, which saw the biggest open yet for Sony Pictures Animation. BOX OFFICE RUNNERS-UP: With Robert DeNiro and Anne Hathaway in leading roles, Time Warner (TWX) subsidiary Warner Bros.' "The Intern" opened at $18.2M against estimates sales of $15M-$20M. Fox's (FOX, FOXA) "Maze Runner: The Scorch Trials" came in third with $14M after grossing $30.3M domestically during last weekend's debut. Meanwhile, Comcast (CMCSA, CMCSK) subsidiary Universal's "Everest" jumped to $13.1M after significantly expanding its screen count, while Warner Bros.' "Black Mass" rounded out this weekend's Top 5 at $11.5M.
September 25, 2015
17:24 EDTAWKAmerican Water awarded Vandenberg Air Force Base contract
American Water Works Company announced that its Military Services Group has been awarded a contract for ownership, operation and maintenance of the water and the wastewater systems at Vandenberg Air Force Base, CA. According to the agreement the award revenue is estimated at approximately $298M over a 50-year period. The contract will be subject to annual economic price adjustment.
17:22 EDTAWKAmerican Water awarded $298.9M government contract
Subscribe for More Information
16:39 EDTPAAPlains All American files $2B mixed securities shelf
Subscribe for More Information
16:29 EDTPAAPlains All American files automatic mixed securities shelf
16:20 EDTCFD.E. Shaw reports 5.3% passive stake in CF Industries
13:17 EDTFOXAFly Watch: 'Hotel Transylvania 2' expected to top weekend box office
Sony's (SNE) animated sequel "'Hotel Transylvania 2," which is opening in 3,600 theaters, is expected to win this weekend's box office with a domestic gross of $35M-$40M. The next bunch of films are all expecting similar grosses in the mid-to-high teens. Time Warner (TWX) subsidiary Warner Bros.' comedy "The Intern," starring Robert DeNiro and Anne Hathaway, is estimated to open in the $15M-$20M range in 3,305 theaters. Comcast (CMCSA, CMCSK) subsidiary Universal's "Everest," which opened last weekend on IMAX (IMAX), is expanding to over 3,000 theaters this weekend and is estimated to gross in the range of $15M-$17M. Fox's (FOX, FOXA) "Maze Runner: The Scorch Trials," which grossed $30.3M domestically for the weekend of September 20, is expected to earn an estimated $16M in its second weekend of release. Warner Bros.' Whitey Bulger biopic "Black Mass," which took in $23.4M in its domestic opening last weekend, is expected to gross $12.5M-$13M this weekend. Additionally, Lions Gate's (LGF) drug cartel drama "Sicario" is playing in about 50 theaters ahead of the film's wide release on October 2.
10:48 EDTFOXAMorgan Stanley cautious on media, but sees several stocks punished too hard
Morgan Stanley cut its price targets on a number of media companies, citing the impact of cord cutting and skinny bundles. The firm also reduced its outlook for the pay-TV sector due to its belief that the adoption of skinny bundles will accelerate, while the outlook for cable TV ads has deteriorated slightly, given macro pressures. The firm kept a Cautious view on the media sector, but also identified several stocks in the space that it thinks have been punished too harshly by investors recently. WHAT'S NEW: TV networks in general, and cable networks in particular, have the highest margins in media and are encountering increased top and bottom line competitive pressures, Morgan Stanley analyst Benjamin Swinburne believes. On the top line, they are being hit by ratings and ad pressures as well as cord cutting and distribution consolidation, the analyst stated. Meanwhile, their profit is being hurt by the increased need to obtain new content and intensified competition for content from new sources like Netflix (NFLX) and Google's (GOOG) YouTube, Swinburne said. However, the analyst thinks that media stocks are "starting to get" cheap, given the leverage that many of the companies carry. Swinburne cuts his price target on 21st Century Fox (FOXA) to $31 from $37, on AMC Networks (AMCX) to $86 from $88, on CBS (CBS) to $46 from $56, on Time Warner (TWX) to $72 from $87 and on Viacom (VIAB) to $48 from $60. He kept Overweight ratings on Fox, AMC and CBS, an Equal Weight rating on Time Warner and an Underweight rating on Viacom. OVERDONE DECLINES: Swinburne believes that the declines in three media stocks - CBS, 21st Century Fox, and AMC Networks - have been overdone, while the decline in Comcast's (CMCSA) stock has also been excessive. CBS and 21st Century Fox are "best positioned for the skinny bundle" and have the cheapest valuations relative to their growth rates, Swinburne believes. Meanwhile, AMC Networks has "content momentum" and its EPS can exceed expectations, the analyst believes. Comcast is gaining share in the broadband Internet market, could take share in video soon, and has sufficient scale and offerings to benefit from the increased popularity of skinny bundles, according to the analyst, who kept an Overweight rating on the stock. The media sector could benefit from consolidation going forward, added Swinburne, who recommended that investors interested in buying potential takeover targets in the space focus on AMC Networks, MSG Networks (MSG) and Dreamworks Animation (DWA). He kept Overweight ratings on all three of those stocks. OTHERS TO WATCH: Besides Comcast, other pay TV companies include DISH Network (DISH) and Charter Communications (CHTR). PRICE ACTION: In early trading, Fox A shares lost 0.5% to $25.83, AMC fell 0.3% to $73.29, CBS added 0.2% to $41, Time Warner was little changed at $67.66 and Comcast A shares added 0.6% to $57.17.
09:43 EDTRIGTransocean says has not identified any wrongdoing related to Petrobras
Subscribe for More Information
1 | 2 | 3 | 4 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use