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Stock Market & Financial Investment News

News Breaks
March 5, 2014
10:27 EDTBLDP, RAI, MNKD, LEAP, PLUGOptions with increasing implied volatility: RAI PLUG MNKD BLDP LEAP
News For RAI;PLUG;MNKD;BLDP;LEAP From The Last 14 Days
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May 27, 2015
11:23 EDTRAIReynolds American, Lorillard higher after being granted FTC approval for deal
U.S. tobacco companies Reynolds American (RAI) and Lorillard (LO) are trading higher this morning after the Federal Trade Commission agreed to approve the companies' $27.4B merger under the condition that they divest some brands. WHAT'S NEW: The FTC last night said it would allow the merger between Reynolds and Lorillard to move forward under the condition that the companies sell four cigarette brands to Imperial Tobacco Group (ITYBY). The proposed order requires Reynolds to divest to Imperial four established cigarette brands: Winston, Kool, Salem and Maverick. The FTC also is requiring Reynolds to divest Lorillard's production facilities in Greensboro, North Carolina, and will give Imperial the opportunity to hire most of the existing staff at the facilities. Reynolds and Lorillard will also have to temporarily provide Imperial with retail shelf space. The last significant hurdle to close the deal is approval from a federal district court overseeing United States v. Philip Morris USA Inc., et al. According to a statement from Reynolds and Lorillard, "The companies have requested that the court rule expeditiously, and they are confident that the acquisition and related transactions will close by the end of June." WHAT'S NOTABLE: Marlboro brand owner Altria Group (MO) has a 47% U.S market share, followed by Reynolds with a 26% share and Lorillard (LO) at 14%, Reuters reported, citing 2013 data from Euromonitor International. ANALYST REACTION: In a note to investors this morning Cowen upgraded Reynolds American to Outperform from Market Perform with an $86 price target. The firm said that the FTC's clearance of the Reynolds and Lorillard deal is a positive for both and named Reynolds a top pick in U.S.tobacco. PRICE ACTION: Reynolds American is up 2.12% to $77.03 in late morning trading and Lorillard is up over 1% to $72.86. Imperial Tobacco is up 3.2% to $103.56 and Altria is up over 1% to $51.89.
10:59 EDTPLUGPlug Power to host investor presentation
CEO Marsh holds an investor presentation in Dallas to discuss hydrogen path on May 29 at 11 am.
10:01 EDTRAIOn The Fly: Analyst Upgrade Summary
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07:04 EDTPLUGPlug Power announces MSA with large footwear manufacturer in North America
Plug Power announces a master sales agreement, or MSA, with a large footwear manufacturer in North America, that outlines purchase terms and defines site-specific agreements for deployment of Plug Power's GenKey hydrogen and fuel cell solution. The footwear manufacturer has completed a successful demonstration at one of its distribution centers. By signing the MSA, corporate management at the footwear manufacturer has defined the first three sites where Plug Power's GenKey hydrogen and fuel cell solution will be implemented and is analyzing wide adoption of the technology in its 30 sites globally. GenKey enables seamless implementation of hydrogen fuel cells by material handling customers, combining GenDrive fuel cells, GenCare aftermarket service and GenFuel hydrogen molecule, storage and dispensing infrastructure.
06:28 EDTRAIReynolds American upgraded to Outperform from Market Perform at Cowen
Cowen upgraded Reynolds American to Outperform with a $86 price target. The firm said the FTC's clearance of the Reynolds (RAI) and Lorillard (LO) deal is a positive for both and named Reynolds a top pick in U.S. tobacco.
May 26, 2015
18:00 EDTRAIFTC requires Reynolds, Lorillard to divest four brands as merger condition
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17:54 EDTRAIFTC requires Reynolds, Lorillard to divest four brands as merger condition
11:04 EDTPLUGPlug Power to host investor presentation
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07:34 EDTBLDPBallard Power receives purchase order from Nisshinbo Holdings
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May 22, 2015
11:59 EDTRAIAppeals court ruling mixed for cigarette makers, WSJ reports
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May 21, 2015
15:44 EDTRAIReynolds-Lorillard deal expected to receive FTC clearance next week, WSJ says
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15:25 EDTRAILorillard, Reynolds American deal expected to be cleared by FTC, DJ reports
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09:12 EDTPLUGPlug Power to host a financial discussion
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May 19, 2015
16:01 EDTMNKDOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
May 18, 2015
05:50 EDTMNKDStocks with implied volatility movement; BBRY MNKD
Stocks with implied volatility movement; BlackBerry (BBRY) 55, MannKind (MNKD) 75 according to iVolatility.
May 15, 2015
08:23 EDTMNKDJefferies sees 'good interest' in MannKind's Afrezza
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