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Stock Market & Financial Investment News

News Breaks
March 18, 2013
12:06 EDTUTX, TGITriumph Group completes acquisition of Goodrich Pump & Engine Control Systems
Triumph Group (TGI) announced the completion of the previously announced acquisition of the pump and engine control systems business of Goodrich Corporation -- Goodrich Pump & Engine Control Systems -- from United Technologies Corporation (UTX). The acquired business will continue to be led by Alec Searle and will operate as Triumph Engine Control Systems, LLC and be included in the Aerospace Systems Group. The business is expected to add approximately $195M in annual revenue and to be immediately accretive to earnings in fiscal year 2014.
News For TGI;UTX From The Last 14 Days
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December 11, 2014
17:03 EDTUTXUnited Technologies sees FY14 EPS approximately $6.80, consensus $6.87
United Technologies CEO Gregory Hayes communicated the company's expectation for FY14 EPS of $6.80, at the mid-point of the previous earnings outlook of $6.75-$6.85. The FY14 EPS expectation includes a charge of 25c related to a previously disclosed German tax litigation matter, which will be partially offset by approximately 20c of other favorable items. The company continues to expect sales for 2014 of approximately $65B, consensus $65.24B.
10:43 EDTUTXUnited Technologies to host investor and analyst meeting
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07:30 EDTTGIDA Davidson to hold a conference
6th Annual Aerospace & Industrials 1:1 Conference is being held in Boston on December 11.
December 10, 2014
09:22 EDTTGITriumph Group deal 'highly favorable,' says DA Davidson
After Triumph Group (TGI) announced that it would be taking over the production of the G650 and G280 wing programs from Spirit AeroSystems (SPR), DA Davidson thinks the deal is "highly favorable" for Triumph. The firm says that Triumph acquired two programs that have been at the top of its radar for some time, received enough cash to cover initial cash flows, and still has considerable room to make further acquisitions. DA Davidson keeps a Buy rating on Triumph.
07:24 EDTTGISpirit AeroSystems, Triumph Group deal a win-win transaction, says Wells Fargo
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December 9, 2014
12:38 EDTTGIBoeing 747 production rate cut not surprising, says Wells Fargo
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07:46 EDTTGITriumph Group to host a conference call
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07:31 EDTTGITriumph to take over production of Gulfstream G650, G280 wing programs in Tulsa
Triumph Group (TGI) announced the signing of a definitive agreement with Spirit AeroSystems Holdings (SPR) which Triumph will take over production of the Gulfstream G650 and G280 wing programs located in Tulsa, Oklahoma. The transaction is targeted to close by calendar year end, subject to customary closing conditions. Under the terms of the agreement, Triumph will receive $160M in cash plus assets required to run the business from Spirit to cover the anticipated future cash flow needs of the programs, with no additional capital contributions expected by Triumph. The company expects the programs to be initially cash flow negative, with operating cash requirements anticipated to decrease over the first three years and becoming cash flow positive in year four. The business will be included in the Aerostructures Group segment and is expected to add approximately $250M in annual revenue and to be immediately accretive to Triumph’s earnings per share upon closing, reflecting initial estimates of purchase accounting adjustments and excluding synergies resulting from the transaction and transaction related expenses. Upon the close of the transaction, production will continue out of Spirit’s Tulsa facility and Triumph will look to utilize its manufacturing experience, resources and wing design engineering capabilities as appropriate to supplement the Tulsa operations. The company will focus on optimizing the build process and cost structure of the programs, and has identified opportunities for engineering, supply chain and labor enhancements.
07:05 EDTUTXPall Corp. announces resignation of CFO Akhil Johri
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07:03 EDTUTXUnited Technologies appoints Akhil Johri as Senior VP and CFO
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06:22 EDTTGIBoeing sees strong demand for commercial airplanes in 2015
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December 8, 2014
10:00 EDTUTXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
09:52 EDTUTXUnited Technologies to unveil major Canadian R&D investment, Globe and Mail says
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08:57 EDTUTXUnited Technologies upgraded at Bernstein
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07:43 EDTUTXUnited Technologies December volatility elevated into investor meeting
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06:15 EDTUTXUnited Technologies upgraded to Outperform from Market Perform at Bernstein
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December 7, 2014
18:04 EDTUTXSikorsky awarded $1B Indian military helicopter deal, WSJ says
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December 5, 2014
10:44 EDTUTXOptions with increasing implied volatility
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10:32 EDTUTXIndian Navy selects Sikorsky's S-70B Seahawk aircraft
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05:55 EDTUTXStocks with implied volatility movement; UTX JCP
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