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News Breaks | | | | November 28, 2012 | | 16:27 EDT |  | RTLX, NCR, BP, GMCR, SHS, UTI, MLNX, INTC, TFM | On The Fly: Closing Wrap
Stocks on Wall Street rose about 0.8% after falling nearly 1% in the first half hour of the session. Comments out of Washington by House Speaker John Boehner and President Obama, followed by a report from the AP that White House officials plan to meet with other Senate and House leaders regarding the fiscal cliff, sent the averages into positive territory after midday and the markets went in to the close at their highs of the day... ECONOMIC EVENTS: In the U.S., new single-family home sales fell 0.3% in October to a seasonally adjusted 368,000-unit annual rate. Also, the government revised sharply lower its estimate for the prior month's sales. The EIA reported crude oil inventories drew down by 347,000 barrels last week, versus expectations for a 350,000 barrel build up... COMPANY NEWS: The Environmental Protection Agency announced BP (BP) will be suspended from winning new contracts from the federal government until the company demonstrates it meets business standards set by the U.S., though the action does not affect existing contracts. Shares of BP opened sharply lower, but settled up 13c, or 0.31%, to $41.48... Shares of Retalix (RTLX) moved up sharply and were halted for trade following a report in Israel's Calcalist that it had reached a deal to be acquired by NCR (NCR). Shares were up $7.21, or 32.92%, to $29.11 when they were halted and the companies confirmed in a press release after the bell that NCR will pay $30.00 share to acquire the Israel-based software firm... MAJOR MOVERS: Among the notable gainers was Green Mountain Coffee Roasters (GMCR), which saw shares trade up $7.91, or 27.32%, to $36.86 after the company's Q4 earnings report beat Street estimates and at least three analyst firms raised their price targets on the stock. Also higher were shares of Sauer-Danfoss (SHS), up $13.34, or 33.88%, to $52.72 after Danfoss S/A proposed to purchase all shares of the company is does not already own for $49.00. Among the noteworthy losers were shares of Universal Technical (UTI), down $3.44, or 28.10%, to $8.80 after the company said it sees FY13 student starts flat year-over-year and the stock was downgraded to Underperform at BMO. Also lower were shares of Mellanox Technologies (MLNX), down $8.07, or 9.57%, to $76.23 as concerns over competition from Intel (INTC) prompted a slide, though shares were defended at Pacific Crest and Barclays. Also lower were shares of The Fresh Market (TFM), down $7.46, or 12.38%, to $52.78 after the company's CFO unexpectedly resigned last night... INDICES: The Dow was up 106.98, or 0.83%, to 12,985.11; the Nasdaq was up 23.99, or 0.81%, to 2,991.78; and the S&P 500 was up 10.99, or 0.79%, to 1,409.93. | |
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News For RTLX;NCR;BP;GMCR;SHS;UTI;MLNX;INTC;TFM From The Last 14 Days Check below for free stories on RTLX;NCR;BP;GMCR;SHS;UTI;MLNX;INTC;TFM the last two weeks. |
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| May 19, 2013 | | 18:59 EDT |  | INTC | Cisco looks the best out of tech comeback stocks, Barron's says
Cisco (CSCO), Intel (INTC), and Microsoft (MSFT) stocks have jumped this month, however, Intel and Microsoft's revenue growth declined, due to their reliance on the PC market, providing Cisco with an opportunity to pull ahead in the technology sector, Barron's contends in its Technology Trader column. Cisco looks moderately priced, the paper adds. Reference Link | | | May 17, 2013 | | 16:21 EDT | | BP | On The Fly: Closing Wrap
 Subscribe for More Information | | | 13:09 EDT |  | BP | Tesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities. | | | May 16, 2013 | | 14:46 EDT | | BP | Tesoro may take over BP California assets as soon as June 1, Reuters says
Subscribe for More Information | | | 14:32 EDT | | BP | Tesoro may take ownership of BP Carson refinery, other assets as soon as June 1
Subscribe for More Information | | | 13:42 EDT |  | GMCR | Green Mountain price target raised to $92 from $63 at Argus
Argus raised Green Mountain's price target citing the strong Q2 report. | | | 13:40 EDT | | INTC | Intel CFO Smith says staying with the company, CNBC reports
Subscribe for More Information | | | 08:11 EDT | | NCR | NCR Corp. growth potential overlooked by Street, says Susquehanna
Subscribe for More Information | | | 08:06 EDT | | NCR | NCR Corp., NACR sign master services agreement
NCR Corporation and North American Communications Resource announced a master services agreement to provide complementary support, maintenance and managed services when implementing unified communications solutions throughout North America. This agreement enables both companies to expand their respective portfolios of services offerings and drive growth. Under the terms of the agreement, NACR can leverage NCR’s network of telecommunications consultants and service professionals. NCR gains access to NACR’s Voice over IP consultants and will be able to leverage NACR’s Ovation Managed Service portfolio. | | | 07:11 EDT | | BP | BP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports
Subscribe for More Information | | | | 06:08 EDT | | BP | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 05:59 EDT | | INTC | High tech firms involved in immigration battle, WSJ reports
Subscribe for More Information | | | May 15, 2013 | | 16:15 EDT | | MLNX | Mellanox acquires Kotura for $82M cash
Subscribe for More Information | | | 11:13 EDT |  | GMCR | Options with decreasing implied volatility: MM GMCR GRPN THRX SGMO
Subscribe for More Information | | | 08:38 EDT | | BP | WTI crude falls for a fith consecutive day, Bloomberg reports
Subscribe for More Information | | | 05:55 EDT | | BP | EU inspects firms in oil investigation, WSJ reports
EU antitrust authorities carried out unannounced inspections of energy giants BP (BP), Royal Dutch Shell (RDS.A) and Statoil (STO), escalating an investigation of alleged oil-price manipulation amid scrutiny of how prices are set in global financial markets, reports the Wall Street Journal. EU officials are investigating whether the three companies manipulated prices in the $2.5T physical-oil market by giving false data to an oil index publisher, the Platts unit of McGraw Hill Financial (MHFI). Platts's offices were also inspected.Reference Link | | | May 14, 2013 | | 11:44 EDT | | GMCR | Options with decreasing implied volatility: GRPN MAKO GMCR EZCH SGMO
| | | 11:08 EDT | | BP | BP says involved in EC probe, cooperating with investigation, Bloomberg reports
Subscribe for More Information | | | 07:10 EDT | | BP | IEA says North American oil will dominate world supply growth, WSJ reports
Subscribe for More Information | | | May 13, 2013 | | 10:09 EDT |  | MLNX | On The Fly: Analyst Downgrade Summary
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