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Stock Market & Financial Investment News

News Breaks
June 16, 2014
07:31 EDTMDT, SNN, COVSmith & Nephew slips after Medtronic agrees to acquire Covidien
Shares of U.K. medical device maker Smith & Nephew (SNN) are down nearly 2% in pre-market trading in New York after Medtronic (MDT) announced this weekend that it has agreed to acquire Irish device maker Covidien (COV) in a cash-and-stock transaction valued at approximately $42.9B. Note that on June 4 Bloomberg had reported that Medtronic was weighing a takeover bid for Smith & Nephew, which would have allowed the U.S. company to move its tax domicile to the U.K.
News For SNN;MDT;COV From The Last 14 Days
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January 28, 2015
06:43 EDTSNNStryker still looking to make acquisitions, Reuters reports
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January 27, 2015
08:42 EDTMDTMedtronic coverage resumed with a Buy at Goldman
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January 26, 2015
17:06 EDTMDT, COVMedtronic completes acquisition of Covidien for $49.9B
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07:17 EDTMDT, COVSociety of Thoracic Surgeons to hold annual meeting
51st Annual Meeting of STS is being held in San Diego, California on January 24-28.
07:08 EDTCOV, MDTMedtronic pending acquisition of Covidien approved by Irish High Court
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January 23, 2015
16:33 EDTMDTMedtronic reports 5.1% passive stake in Intersect ENT
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15:46 EDTMDTPiper Jaffray's medtech analysts hold an analyst/industry conference call
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08:36 EDTMDTMedtronic receives FDA approval for for the Medtronic Enterra II System
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January 22, 2015
08:10 EDTCOVCovidien reports Q1 Medical Devices operational sales growth of 6%
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08:08 EDTCOVCovidien reports Q1 adjusted EPS ms $1.11, consensus $1.05
Reports Q1 revenue $2.69B, consensus $2.72B. Operational sales growth in the quarter was 6%, as foreign exchange rate movement lowered the quarterly sales growth rate by four percentage points.
January 21, 2015
18:27 EDTCOVOn The Fly: After Hours Movers
UP AFTER EARNINGS: eBay (EBAY), up 2.9%... United Rentals (URI), up 1.5%. ALSO HIGHER: Minerva (NERV), up 16.1% after reporting positive Phase 1 data with MIN-202... Endo (ENDP), up 3.1% after it was announced that Endo will replace Covidien in S&P 500 as of 1/26 close... Covidien (COV) is up 1%. DOWN AFTER EARNINGS: F5 Networks (FFIV), down 15.8%... Xilinx (XLNX), down 6.1%... Discover Financial Services (DFS), down 3.3%... American Express (AXP), down 2.2%. ALSO LOWER: BioMarin (BMRN), down 2.5% after filing to sell 7.25M shares of common stock... Kinder Morgan (KMI), down 1.9% after announcing that it will acquire Hiland Partners for approximately $3B and reporting fourth quarter results... Cisco (CSCO), down 1.4% after Bloomberg reported that Oracle's (ORCL) Ellison said that Oracle's new Virtual Compute Appliance is cheaper than Cisco's product.
18:06 EDTMDT, COVS&P announces changes to the S&P 500, MidCap 400, SmallCap 600 indices
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17:18 EDTCOVEndo to replace Covidien in S&P 500 as of 1/26 close
15:27 EDTCOVNotable companies reporting before tomorrow's open
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