New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 1, 2014
10:43 EDTDRI, RIO, FOLD, LB, COO, ELX, ALR, STAA, CBSO, SIMOHigh option volume stocks
High option volume stocks: SIMO CBSO STAA ALR ELX COO LB FOLD RIO DRI
News For SIMO;CBSO;STAA;ALR;ELX;COO;LB;FOLD;RIO;DRI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
October 9, 2014
16:21 EDTSIMOSilicon Motion initiated with a Buy at Brean Capital
Target $34.
13:25 EDTLBL Brands price target raised to $75 from $68 at Sterne Agee
Sterne Agee raised its price target on shares of L Brands to $75 after the company reported better than expected September same-store sales growth of 6%. The firm noted L Brands' top-line trends continue to beat its mall-based peers and it keeps its Buy rating on the stock.
12:31 EDTELXSetanta Asset reports 10.1% passive stake in Emulex
09:41 EDTLBBofA/Merrill retail analysts hold an analyst/industry conference call
Subscribe for More Information
09:26 EDTCBSOCBS Outdoor reinstated with a Neutral at Goldman
Subscribe for More Information
07:24 EDTRIORio Tinto executive stands behind iron ore expansion, SMH reports
Subscribe for More Information
07:06 EDTLBL Brands reports September sales $853.5M, September SSS up 6%
Subscribe for More Information
October 8, 2014
16:04 EDTCOOCooper Companies' women's healthcare unit acquires EndoSee for $44M
Cooper Companies' women's healthcare unit CooperSurgical has acquired EndoSee Corporation, a developer of an office-based disposable hysteroscopy system. The transaction is valued at approximately $44M and is expected to be neutral to FY15 EPS excluding one-time charges and deal-related amortization. The product has been cleared by the FDA and the company plans to launch it in the U.S. in the middle of FY15.
15:03 EDTFOLDUCLA researchers report positive results in mouse model of Parkinsonís
Subscribe for More Information
10:00 EDTSIMOOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:43 EDTSIMOSilicon Motion initiated with a Buy at Ladenburg
Target $32.
07:18 EDTALRInfectious Diseases Society of America to hold a conference
ID Week 2014 is being held in Philadelphia on October 8-12.
October 7, 2014
16:31 EDTRIORio Tinto confirms no talks are taking place with Glencore
Subscribe for More Information
11:34 EDTLBChristopher & Banks plummets after cutting Q3 revenue outlook
Shares of specialty women's apparel retailer Christopher & Banks (CBK) are sinking after the company lowered its third quarter revenue outlook. WHAT'S NEW: This morning, Christopher & Banks lowered its Q3 revenue outlook to $114M-$118M from its previous guidance of $122M-$124, trailing the consensus of $123.98M. The company also cut the top end of its Q3 margin forecast, lowering its margin growth outlook to 75-100 basis points from its prior view of 75-125 bps. SG&A dollars for the quarter are expected to be approximately $33.5M-$34M, below its prior guidance of $34M-$34.5M. Christopher & Banks expects its inventory at the end of the quarter will remain higher than the comparable prior year period on a dollar per square foot basis, but at a level lower than at the end of Q2, due to planned higher levels of core inventory. WHAT'S NOTABLE: The company believes sales have been negatively impacted by continued softness in mall traffic and lower than expected sales from its September fashion show. The company noted that the demand for fashion merchandise exceeded planned inventory levels, due to late receipts associated with the West Coast port disruptions. President and Chief Executive Officer LuAnn Via said in a statement, "We believe that the continued softness in traffic trends, coupled with the difficult overall retail environment, have adversely affected our sales as compared to our initial expectations for the quarter." She said the firm assumes promotional activity will continue to be aggressive and that the current environment will continue to be challenging, creating continued pressure on sales and margins. PRICE ACTION: In late morning trading, Christopher & Banks fell $2.69, or about 30%, to $6.40 on nearly four times its average daily trading volume. Despite today's pull-back, the shares have only lost approximately 2% over the past 12 months. OTHERS TO WATCH: Other specialty women's retailers include Chico's FAS (CHS), down 1.28%, Ann Inc. (ANN), down 2.1%, and L Brands (LB), down 1.13%.
10:08 EDTRIORio Tinto down over 4% after Glencore confirms will not pursue merger
Subscribe for More Information
10:05 EDTRIOGlencore confirms no longer considering merger with Rio Tinto
Glencore notes the recent press speculation regarding a possible merger between Glencore and Rio Tinto. Glencore announces that in July it made an informal enquiry by telephone call to Rio Tinto, seeking to gauge whether there might be any interest at Rio Tinto in investigating some form of merger between the two companies. Rio Tinto responded that it was not interested in pursuing these discussions. Glencore confirms that it is no longer actively considering any possible merger transaction with, or offer for the shares of, Rio Tinto. As a consequence of this announcement, the Panel Executive has determined that Glencore is for a period of 6 months from the date of this announcement subject to Rule 2.8 of the City Code on Takeovers and Mergers in relation to Rio Tinto. Glencore however reserves its rights to make an offer in the future with the consent of the Takeover Panel, either with the recommendation of the Board of Rio Tinto, in the event of a third party offer for Rio Tinto, or in the event of a material change in circumstances.
10:04 EDTRIOGlencore confirms no longer considering any merger with Rio Tinto
09:14 EDTSIMOOn The Fly: Pre-market Movers
Subscribe for More Information
08:44 EDTSIMOSilicon Motion raises Q3 revenue view to up 23%-25% from up 15%-20%
Subscribe for More Information
06:09 EDTRIORio Tinto confirms no discussions taking place with Glencore
The board of Rio Tinto notes the recent press speculation regarding a possible combination of Rio Tinto and Glencore. The Rio Tinto board confirms that no discussions are taking place with Glencore. In July 2014, Glencore contacted Rio Tinto regarding a potential merger of Rio Tinto and Glencore. The Rio Tinto board, after consultation with its financial and legal advisers, concluded unanimously that a combination was not in the best interests of Rio Tinto's shareholders. The board's rejection was communicated to Glencore in early August and there has been no further contact between the companies on this matter. Rio Tinto remains focused on the successful execution of its strategy, which the board of Rio Tinto is confident will continue to deliver significant and sustainable value for shareholders.
1 | 2 | 3 | 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