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Stock Market & Financial Investment News

News Breaks
January 25, 2013
17:13 EDTRIGIcahn reports 5.61% stake in Transocean, urges $4.00 per share dividend
Icahn acquired the shares in the belief that they were undervalued at current levels. Icahn has had conversations with management of Transocean and intends to have further discussions with management. Icahn strongly believes that Transocean should return capital to shareholders and should declare a dividend of at least $4.00 per share. Icahn notes that under Swiss law and the Issuerís Articles of Association, a shareholder has the right to propose a dividend at a companyís annual meeting, and if a majority of shareholders support the proposal, the dividend is declared, whether or not the companyís board supports such proposal. If Transoceanís Board does not declare a dividend of at least $4 per Share, Icahn currently intends to propose a dividend of $4 per share at the 2013 Annual Meeting and have every hope and belief that a majority of shareholders will support it. In addition to conversations relating to capital allocation and shareholder value, Icahn plans to have additional discussions with management to discuss the Transoceanís business and strategies, as well as the possible addition of shareholder selected nominees to the Board of Directors.
News For RIG From The Last 14 Days
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August 27, 2014
10:02 EDTRIGActive equity options trading on open
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August 26, 2014
09:51 EDTRIGOn The Fly: Analyst Initiation Summary
Cray (CRAY) initiated with a Buy at Stifel... Enphase Energy (ENPH) initiated with a Buy at Needham... FCB Financial (FCB) initiated with a Buy at UBS... FCB Financial initiated with an Overweight at JPMorgan... Goldman Sachs (GS) initiated with a Buy at MKM Partners... HealthEquity (HQY) initiated with a Neutral at RW Bair... Mobileye (MBLY) initiated with a Buy at Deutsche Bank... Mobileye initiated with a Neutral at Goldman... Mobileye initiated with a Neutral at RW Baird... Mobileye initiated with an Overweight at Barclays... RAIT Financial (RAS) initiated with an Outperform at JMP Securities... SunEdison (SUNE) initiated with an Outperform at FBR Capital... Mobileye initiated with an Outperform at Raymond James... Transocean Partners (RIG) initiated with an Overweight at Morgan Stanley... GT Advanced (GTAT) coverage resumed with an Overweight at Piper Jaffray... LinkedIn (LNKD) initiated with an Overweight at First Analysis... CSC (CSC) initiated with a Sector Perform at RBC Capital... United Natural Foods (UNFI) initiated with an Overweight at Stephens.
August 25, 2014
10:00 EDTRIGOn The Fly: Analyst Initiation Summary
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August 20, 2014
08:27 EDTRIGTransocean management to meet with Jefferies
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