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Stock Market & Financial Investment News

News Breaks
June 13, 2014
11:37 EDTGES, SYY, ARWR, GPI, MHFI, OPEN, EXPR, TSRA, REYHigh option volume stocks
High option volume stocks: REY OPEN URA ARWR TSRA MHFI SYY EXPR GPI GES
News For REY;OPEN;ARWR;TSRA;MHFI;SYY;EXPR;GPI;GES From The Last 14 Days
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July 29, 2015
19:32 EDTEXPROn The Fly: After Hours Movers
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18:06 EDTEXPRS&P announces changes to the S&P 600 index
S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600: Inogen (INGN) will replace Micrel (MCRL) in the S&P SmallCap 600 after the close of trading on Monday, August 3. S&P 500 constituent Microchip Technology (MCHP) is acquiring Micrel in a transaction expected to be completed on or about that date pending final approvals. Express (EXPR) will replace Associated Estates Realty (AEC) in the S&P SmallCap 600 after the close of trading on Wednesday, August 5. Brookfield Asset Management (BAM) is acquiring Associated Estates Realty in a transaction expected to be completed on or about that date pending final approvals.
17:24 EDTEXPRExpress to replace Associated Estates in S&P 600 as of 8/5 close
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July 28, 2015
06:53 EDTMHFIMcGraw Hill Financial no longer a Top Pick at Barclays
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July 27, 2015
17:36 EDTMHFIOn The Fly: Top stock stories for Monday
Stocks began the session deep in negative territory, with weakness attributed to the Chinese market suffering its worst one day loss in over eight years. The U.S. indexes remained in the negatives throughout the day as traders prepare for one of the heaviest weeks for this earnings season. ECONOMIC EVENTS: In the U.S., durable goods orders advanced 3.4% in June versus expectations for a 3.2% increase. Excluding transportation items, the core reading was up 0.8% against estimates for a 0.5% gain. In China, the Shanghai composite index fell 8.5% and the Shenzhen composite dropped 7%, with the moves generally attributed to concerns over growth and fears that the government may pull its market support. Note that Dow Jones quoted the country's top securities regulator this morning as saying China plans to increase stock purchases by the state. COMPANY NEWS: Shares of Teva (TEVA) jumped $10.15, or 16.41%, to $72.07 after the generic drugmaker dropped its pursuit of Mylan (MYL), opting instead to acquire Allergan's (AGN) global generic pharmaceuticals business for $40.5B. Allergan shares rose 6.09% for the session, and Mylan fell 14.51% to $56.37 while reiterating its commitment to pursue Perrigo (PRGO), whose shares gained 3.81% to $193.60. MAJOR MOVERS: Among the notable gainers was Wabtec (WAB), which rose $6.59, or 7.21%, to $97.93 after agreeing to buy Faiveley Transport for roughly $1.8B, noting that it expects EPS accretion in 2016. In other M&A news, Magnetek (MAG) finished the session up $17.27, or 53.55%, to $49.52 after Columbus McKinnon (CMCO) agreed to acquire the company for $50 per share, while Beacon Roofing Supply (BECN) jumped $2.62, or 8.71%%, to $32.70 after agreeing to buy Roofing Supply Group at a transaction value of about $1.1B. Also higher were shares of Xueda Education (XUE), which surged 50.63% after Xiamen Insight Investment announced a deal to purchase the company for $5.50 per American Depository Share. Xueda's positive move came in stark contrast to numerous Chinese stocks traded in New York, with Baidu (BIDU) slipping 4.16% and Alibaba (BABA) losing 2.01% after China's Shanghai composite index plunged overnight. Also lower was McGraw Hill Financial (MHFI), declining $6.01, or 5.69%, to $99.59 after agreeing to acquire SNL Financial for roughly $2.225B in cash. Additionally, GrubHub (GRUB) lost 8.37% to $30.99 following a downgrade from Cowen citing competitive concerns and market saturation. INDEXES: The Dow fell 127.94, or 0.73%, to 17,440.59, the Nasdaq lost 48.85, or 0.96%, to 5,039.78, and the S&P 500 declined 12.01, or 0.58%, to 2,067.64.
12:03 EDTMHFIOn The Fly: Top stock stories at midday
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07:34 EDTMHFIMcGraw Hill Financial reports Q2 Transaction revenue up 1% to $329M
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07:33 EDTMHFIMcGraw Hill Financial backs FY15 adjusted EPS $4.35-$4.45, consensus $4.44
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07:33 EDTMHFIMcGraw Hill Financial reports Q2 adjusted EPS $1.21, consensus $1.13
Reports Q2 revenue $1.34B, consensus $1.36B.
07:31 EDTMHFIMcGraw Hill Financial to acquire SNL Financial for $2.23B
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July 26, 2015
15:18 EDTMHFIMcGraw Hill in talks to acquire SNL Financial, Bloomberg says
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July 23, 2015
07:17 EDTGPIGroup 1 Automotive reports Q2 adjusted EPS $1.98, consensus $1.81
Reports Q2 revenue $2.73B, consensus $2.71B. New vehicle revenue increased 4.7%, reflecting 5.4% higher unit sales, as U.S. Same Store new vehicle revenue increased 5.2%, reflecting unit sales growth of 4.5%. Used vehicle retail revenue increased 18.2%, primarily reflecting 17.7% higher used retail unit sales. U.S. Same Store used vehicle revenue increased 16.1%, reflecting 14.2% growth in unit sales
July 16, 2015
07:08 EDTTSRABarrington to hold a bus tour
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05:29 EDTMHFIMcGraw Hill Financial division Platts acquires Petromedia
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