New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 13, 2013
10:01 EDTKOS, DELL, VMED, RCII, WLP, SGEN, RAX, CLF, RKUS, MDP, IT, CLWR, RXN, HNZ, FOSL, RATE, SAPE, PIKE, NSPOn the Fly: Analyst Downgrade Summary
Today’s noteworthy downgrades include: Bankrate (RATE) downgraded to Neutral from Buy at Citigroup... Clearwire (CLWR) downgraded to Underperform from Market Perform at Raymond James... Cliffs Natural (CLF) downgraded to Hold from Buy at Deutsche Bank... Fossil (FOSL) downgraded to Underperform from Market Perform at FBR Capital... Gartner (IT) downgraded to Equal Weight from Overweight at Barclays... Heinz (HNZ) downgraded to Neutral from Buy at UBS... Insperity (NSP) downgraded to Neutral from Buy at SunTrust... Meredith (MDP) downgraded to Neutral from Buy at Roth Capital... Pike Electric (PIKE) downgraded to Neutral from Buy at Janney Capital... Rexnord (RXN) downgraded to Equal Weight from Overweight at Barclays... Ruckus Wireless (RKUS) downgraded to Hold from Buy at Needham... Sapient (SAPE) downgraded to Equal Weight from Overweight at First Analysis... Fossil (FOSL) downgraded to Outperform from Buy at CLSA... Wellpoint (WLP) downgraded to Neutral from Buy at Monness Crespi... Dell (DELL) downgraded to Hold from Buy at Maxim... Kosmos (KOS) downgraded to Accumulate from Buy at Global Hunter... Rent-A-Center (RCII) downgraded to Hold from Buy at Stifel Nicolaus... Rackspace (RAX) downgraded to Hold from Buy at Stifel Nicolaus... Seattle Genetics (SGEN) downgraded to Hold from Buy at Needham... Virgin Media (VMED) downgraded to Equal Weight from Overweight at Evercore.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 >>
January 27, 2016
09:12 EDTCLFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Biogen (BIIB), up 5.6%... Hawaiian Holdings (HA), up 6.7%... Capital One (COF), up 1.5%. ALSO HIGHER: Capnia (CAPN), up 34.1% after entering into an exclusive distribution agreement with Bemes... Fate Therapeutics (FATE), up 18.6% after announcing that the FDA has cleared the company's investigational new drug application for ProTmune... Raptor Pharmaceutical (RPTP), up 12.1% after being upgraded to Buy from Neutral at Citi... Aquinox (AQXP), up 5.6% after Baker Bros. buys 140,786 shares in the company... Sunedison (SUNE), up 7.4% after SunEdison and Greenlight Capital announced that they have mutually agreed to corporate governance initiatives... Citizens Financial Group (CFG), up 3% after it will be added to the S&P 500... Terex (TEX), up 5.2% after being upgraded to Neutral from Underweight at JPMorgan. DOWN AFTER EARNINGS: Tupperware Brands (TUP), down 11.4%... VMware (VMW), down 6.5%... Textron (TXT), down 9.9%... Cliffs Natural (CLF), down 5.8%... Boeing (BA), down 6.2%... Fiat Chrysler (FCAU), down 3%... Apple (AAPL), down 3.4%. ALSO LOWER: Priceline (PCLN), down 2.9% after being downgraded to Neutral from Buy at Goldman... Bed Bath & Beyond (BBBY), down 4.2% after being downgraded at Citi and KeyBanc... Tripadvisor (TRIP), down 5.5% after being downgraded to Sell from Neutral at Goldman.
09:06 EDTMDPMeredith sees Q3 EPS 77c-82c, consensus 80c
Subscribe for More Information
09:05 EDTMDPMeredith raises FY16 EPS to $3.05-$3.25 from $2.90-$3.25, consensus $3.10
Subscribe for More Information
09:04 EDTMDPMeredith recorded $29M in incremental political advertising revenue in Q2
Reports Q2 National Media Group operating profit grew nearly 30% on 10% revenue growth. Reports Q2 Local Media Group non-political advertising revenues grew nearly 10% to $104M. Reports Q2 total company digital advertising revenues grew more than 15M.
09:03 EDTMDPMeredith reports Q2 EPS excluding items 80c, consensus 78c
Subscribe for More Information
08:48 EDTMDPMeredith and Media General agree to terminate merger agreement
Meredith Corporation (MDP) and Media General (MEG) said they have agreed to terminate immediately the binding merger agreement they entered into on September 8, 2015. In exchange for terminating the merger agreement, Meredith will receive: $60M in cash payable immediately, and an opportunity to negotiate for the purchase of certain broadcast and digital assets currently owned by Media General. There is no assurance that Media General and Meredith will reach agreement with respect to a purchase of any broadcast and digital assets, any such transaction being subject to approval of Nexstar Broadcasting (NXST) under Media General's merger agreement with Nexstar. Meredith Chairman and CEO Stephen Lacy commented, "While we still believe in the strategic and financial benefits a merger with Media General would have created, we are pleased with the financial benefits of the termination agreement and the shareholder value created." Media General CEO Vincent Saduskey said, "We are pleased to have this matter behind us and look forward to working towards completion of our transaction with Nexstar, which we believe is in the best interest of Media General and delivers superior value to our shareholders."
08:48 EDTMDPNexstar enters into definitive agreement to acquire Media General for $4.6B
Subscribe for More Information
08:46 EDTMDPMeredith and Media General agree to terminate merger agreement
08:46 EDTMDPNexstar to acquire Media General for $4.6B
08:07 EDTCLFCliffs Natural sees FY16 CapEx $50M vs. $83M in FY15
For 2016, Cliffs expects full-year sales volume of approximately 17.5 million tons from its U.S. Iron Ore business. In order to reduce pellet inventory levels and generate cash flow from working capital, the Company currently plans to produce approximately 16 million tons of iron ore pellets. Cliffs' full-year 2016 U.S. Iron Ore cash production cost per ton expectation is $50 - $55. The Company's cash cost of goods sold per ton expectation is $55 - $60, representing a reduction of $5 from the previously disclosed 2016 cash costs of goods sold per ton expectation of $60 - $65. Cliffs anticipates depreciation, depletion and amortization to be approximately $7 per ton for full-year 2016. The Company remains in active negotiations with the United Steelworkers and is committed to reaching a fair and equitable agreement. The current contract has been extended by mutual agreement of both parties. The contract extension covers approximately 2,200 USW-represented workers at Cliffs' Empire and Tilden mines in Michigan, and its United Taconite and Hibbing Taconite mines in Minnesota. Cliffs' full-year 2016 Asia Pacific Iron Ore expected sales and production volume is approximately 11.5 million tons. The product mix is expected to contain 50 percent lump and 50 percent fines. The Company expects full-year 2016 interest expense to be approximately $240 million, of which approximately $205 million is cash interest. Cliffs expects full-year 2016 capital expenditures to be $50 million, a significant reduction compared to 2015 expenditures of $83 million. The reduction is driven by the divestiture of the remaining coal assets as well as spending discipline exhibited in the U.S. Iron Ore business.
08:06 EDTCLFCliffs Natural reports Q4 US Iron Ore total sales volume 4.5M
U.S. Iron Ore pellet sales volume in the fourth quarter of 2015 was 4.5 million tons, a 42 percent decrease when compared with 7.8 million tons sold in the fourth quarter of 2014. The decrease was driven principally by the termination of a customer contract, lower demand from U.S. mills and higher sales in the comparable quarter in the prior year from the delayed start-up of the 2014 shipping season. Cash production cost per ton in U.S. Iron Ore was $45.36, down 23 percent from $58.96 in the prior year's fourth quarter. The decrease was driven by lower employment costs, reduced maintenance and repair costs, and year-over-year lower energy rates. Reports Q4 US Iron Ore total production volume 4.5M. Fourth-quarter 2015 Asia Pacific Iron Ore sales volume of 2.9 million was flat compared to the fourth quarter of 2014.
08:04 EDTCLFCliffs Natural reports Q4 cont ops EPS (14c), consensus (26c)
Subscribe for More Information
06:54 EDTKOSKosmos reports Q4 gross production volume in Jubille field averaged 106K bopd
Subscribe for More Information
06:53 EDTKOSKosmos announces gas discovery in offshore Senegal
Subscribe for More Information
January 26, 2016
14:32 EDTCLFNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Novartis (NVS), consensus $1.18... Boeing (BA), consensus $1.26... United Technologies (UTX), consensus $1.52... Biogen (BIIB), consensus $4.08... EMC (EMC), consensus 65c... General Dynamics (GD), consensus $2.38... Anthem (ANTM), consensus $1.22... Illinois Tool Works (ITW), consensus $1.21... State Street (STT), consensus $1.18... Norfolk Southern (NSC), consensus $1.24... Progressive (PGR), consensus 47c... St. Jude Medical (STJ), consensus $1.01... Rockwell Automation (ROK), consensus $1.33... Textron (TXT), consensus 83c... Hess (HES), consensus ($1.47)... Cliffs Natural (CLF), consensus (26c).
11:50 EDTMDPMeredith near deal to end Media General pact, allow Nexstar deal, Bloomberg says
Subscribe for More Information
11:22 EDTMDPMeredith close to allowing Media General, Nexstar deal, Bloomberg reports
Subscribe for More Information
10:18 EDTMDPMeredith announces brand licensing agreement with Apparel Bridge
Subscribe for More Information
10:02 EDTMDPMeredith, Bellisio Foods sign brand licensing agreement for EatingWell
Meredith Corporation has agreed to a multi-year licensing partnership with Bellisio Foods for the EatingWell brand. This is Meredith Brand Licensing's first expansion into the retail consumable food category.EatingWell frozen products will be available for consumer purchase at supermarkets and retail grocery stores nationwide beginning in fall 2016. At launch, the EatingWell product line will focus on single-serve frozen entrees. Meredith and Bellisio Foods anticipate future food expansion into products such as multi-serve meals, appetizers, sides, snacks, vegetables, breakfast items, desserts and breads. Meredith and Bellisio are collaborating on the selection and development of recipes.
07:36 EDTHNZMondelez shares should be bought at current levels, says Bernstein
Bernstein says it sees "clear catalysts" that could boost Mondolez's (MDLZ) top and bottom lines. The firm says that the company's margins could expand more than expected in the near-term and reach about 20% by 2020, partly due to product rationalization, an upgrade of its manufacturing base and headcount reductions. The firm thinks the company could combine with PepsiCo (PEP) or be acquired by Kraft-Heinz (HNZ) in 2017. Bernstein identifies the stock as a top pick for 2016.
1 | 2 | 3 >>

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