New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 8, 2013
12:32 EDTAYI, MDCO, CY, MON, FIO, SIG, SHLDOn The Fly: Midday Wrap
Stocks on Wall Street were lower again at midday as investors shift their focus from the fiscal cliff to the fourth-quarter earnings season, set to unofficially kick off after the closing bell when Dow component Alcoa (AA) reports. Expectations for the earnings season are muted, with S&P 500 companies forecast to post earnings growth of just 2.8% for the quarter, according to Thomson Reuters. Profit-growth estimates were sharply reduced from the expected growth rate of 9.2% called for at the end of September, according to FactSet. The averages have drifted lower on fairly light volume, indicating a lack of buying rather than intense selling, as investors may be content to wait to see how the earnings season develops before stepping back in... ECONOMIC EVENTS: In the U.S., the NFIB small-business-optimism index rose to 88.0 in December from 87.5 in November. In Europe, zone-wide unemployment hit a new record rate of 11.8% in November, though the European Commission also separately reported that its December Economic Sentiment Indicator improved by 1.3 points in the euro area, to 87.0, and remained generally unchanged at 88.4 in the broader EU. In Asia, Japan said it will use its foreign reserves to continue to buy bonds issued by the European Stability Mechanism to help weaken the yen... COMPANY NEWS: Sears Holdings (SHLD) said late Monday that CEO Louis D’Ambrosio will step down due to family health reasons and be replaced in that role by Eddie Lampert, its chairman of the board and largest shareholder. Sears also forecast adjusted earnings for Q4 that beat consensus expectations but shares fell about 5% near noon... Among companies reporting earnings after yesterday's close or before today's open, Monsanto (MON) advanced and Acuity Brands (AYI) declined... MAJOR MOVERS: Among the notable gainers were The Medicines Company (MDCO), up 11% after announcing results for a Phase 3 trial of one of its drugs, and Signet Jewelers (SIG), up 9% after reporting its holiday season same-store sales rose 3.3% and issuing earnings guidance. Among the noteworthy losers were Cypress Semiconductor (CY), down 9% after cutting its Q4 earnings forecast, and Fusion-io (FIO), which fell 8% after William Blair downgraded the stock to Market Perform... INDICES: Near noon, the Dow was down 68.23, or 0.51%, to 13,316.06; the Nasdaq was down 15.69, or 0.51%, to 3,083.12; and the S&P 500 was down 7.46, or 0.51%, to 1,454.43.
News For SHLD;MON;MDCO;SIG;CY;AYI;FIO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 20, 2015
07:30 EDTMONMonsanto, Scotts Miracle-Gro expand long-standing agreement
Monsanto Company (MON) and The Scotts Miracle-Gro Company (SMG) announced the two companies have extended their nearly two-decade long partnership in the lawn and garden consumer market. Since 1999, Scotts Miracle-Gro, through one of its subsidiaries, has served as Monsanto's exclusive agent for the marketing and distribution of Roundup® non-selective herbicides in the consumer lawn and garden market within the United States and select international markets. Today’s agreement will unlock additional value in the Roundup brand in the lawn and garden segment by providing Scotts with an extended license to use the Roundup brand in new lawn and garden product categories and broaden their marketing rights into new geographies. As part of the extension, Monsanto also renewed and expanded the terms of its marketing agreement with Scotts and provided preferred access to Monsanto’s R&D pipeline for lawn and garden. Under the agreement, Scotts will pay Monsanto a one-time upfront payment of $300M in exchange for a Roundup® brand license, extended agency agreement and technology agreement.
07:07 EDTMONBMO Capital to hold a conference
10th Annual Farm to Market Conference is being held in New York on May 20-21 with webcasted company presentations to begin on May 20 at 8 am; not all company presentations may be webcasted. Webcast Link
07:06 EDTMONScotts Miracle-Gro announces agreement with Monsanto to extend Roundup brand
Scotts Miracle-Gro (SMG) announced an agreement with Monsanto (MON) that offers opportunities to extend the Roundup brand into new lawn and garden categories and geographies. The two companies also have reached a technology sharing agreement and have made amendments to the existing Roundup Agency Agreement that provide greater long-term security for ScottsMiracle-Gro. Key highlights to the agreements provide ScottsMiracle-Gro with enhanced security, as termination of the agreement no longer includes specific performance criteria. In the event Monsanto terminates the agreement, in certain circumstances, the company would receive a termination fee of no less than $200M and would retain its agency rights for at least 5 years. ScottsMiracle-Gro has agreed to pay Monsanto $300M in connection with these and other amendments to the current Agency Agreement and the brand extension and joint technology agreements. Financing will be accommodated under the company's existing credit facility. Because the ability to introduce new products and enter new geographies could take several years, the amended agreement modifies the existing commission structure. The result of the new structure is expected to offset financing costs and the expenses required for the development of new Roundup products and services.
06:55 EDTMDCOEagle Pharmaceuticals submits NDA for ready-to-use bivalirudin to FDA
Subscribe for More Information
May 19, 2015
19:31 EDTCYStarboard issues letter to Integrated Silicon, says may seek board replacement
Subscribe for More Information
07:15 EDTMONGoldman Sachs to hold a conference
Subscribe for More Information
May 18, 2015
16:28 EDTCYCypress Semiconductor sends letter to CFO of Integrated Silicon Solution
Subscribe for More Information
15:16 EDTSHLDSears Holdings May weekly volatility increases into Q1 and outlook
Subscribe for More Information
May 17, 2015
14:32 EDTMONSyngenta shares show promise even without Monsanto deal, Barron's says
Shares of Syngenta (SYT) could be "worth a bet" even if Monsanto's (MON) takeover efforts flounder, Barron's contends in its 'International Trader - Europe' column. Barron's notes that the company's cost reduction measures could yield $265M in savings this year, a figure which may jump to $1B by 2018. Reference Link
May 15, 2015
17:08 EDTCYSoros Fund gives quarterly update on stakes
Subscribe for More Information
16:31 EDTCYStarboard Group delivers letter to Integrated Silicon Solution
Subscribe for More Information
13:46 EDTSHLDSears Holdings May weekly volatility elevated into Q1 and outlook
Subscribe for More Information
09:03 EDTCYIntegrated Silicon confirms unsolicited offer from Cypress for $19.75 per share
Subscribe for More Information
07:26 EDTMONBayer expecting crops and seeds industry consolidation, Reuters reports
Subscribe for More Information
May 14, 2015
15:18 EDTMONMonsanto seeks buyer for Syngenta seeds ahead of takeover offer, Reuters says
Subscribe for More Information
May 13, 2015
17:51 EDTCYIntegrated Silicon up 6% following buyout proposal from Cypress Semiconductor
Subscribe for More Information
17:16 EDTCYCypress Semiconductor proposes to buy Integrated Silicon for $19.75 per share
Subscribe for More Information
17:12 EDTCYCypress Semiconductor proposes to buy Integrated Silicon for $19.75 per share
Subscribe for More Information
07:22 EDTCYBarrington to hold a conference
Subscribe for More Information
06:50 EDTAYIAcuity Brands price target raised to $207 from $194 at Piper Jaffray
Piper Jaffray raised its price target for Acuity Brands to $207 saying its seeing "positive and steady" improvement in several lighting end markets. Piper expects further market share gains to drive shares higher and keeps an Overweight rating on Acuity.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use