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Stock Market & Financial Investment News

News Breaks
December 4, 2012
05:55 EDTTIF, TIF, KMT, KMT, ABB, ABBAberdeen Group to host a summit
2012 Manufacturing Industry Summit is being held in Chicago on December 4-5.
News For TIF;KMT;ABB From The Last 14 Days
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May 16, 2013
09:46 EDTTIFTiffany raises quarterly dividend to 34c from 32c
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05:33 EDTABBABB downgraded to Neutral from Buy at Citigroup
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May 15, 2013
17:38 EDTTIFTrian Fund gives quarterly update on stakes
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17:26 EDTTIFThird Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN).
May 13, 2013
12:33 EDTKMTKennametal April order contraction consistent with guidance, says Wells Fargo
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09:46 EDTKMTKennametal reports orders for three months ended April down 9%
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08:01 EDTKMTKennametal acquires operating assets of Emura
Kennametal announced it has signed a definitive agreement to acquire the operating assets of Comercializadora Emura S.R.L. and certain related entities, while securing related material sourcing agreements. The company expects to complete the transaction in July, subject to customary regulatory approvals and negotiated conditions. The acquisition would be immediately accretive to earnings and further Kennametal's efforts to diversify and balance its tungsten sourcing capabilities, following the company's November 2012 announcement outlining plans to develop an advanced carbide recycling facility in the United States serving global markets, while also adding tungsten-cobalt powder capabilities at its Tianjin facility to serve growth in Asia.
07:50 EDTABBABB Chief Technology Officer Banerjee to follow CEO Hogan in leaving
ABB announced Chief Technology Officer, Prith Banerjee, has decided to leave ABB for family reasons. Banerjee will be leaving ABB in the next few weeks and a date for his departure has not yet been decided, the company said. Banerjee will be relocating to the United States where he will be taking another position outside the company and a successor will be announced in due course, ABB added. Note that the company also said May 10 that Chief Executive Officer Joe Hogan has decided to leave for private reasons, though Hogan will continue to lead ABB until a successor is announced.
May 8, 2013
09:33 EDTKMTKennametal has a conference call hosted by JPMorgan
JPMorgan Analyst Duignan will host a conference call with President & CEO Carlos Cardoso on May 13 at 11 am.
May 7, 2013
10:00 EDTTIFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aeropostale (ARO) downgraded to Sell from Hold at Brean Capital... AIG (AIG) downgraded to Neutral from Buy at Goldman... Alpha Natural (ANR) downgraded to Sell from Neutral at Goldman... American Eagle (AEO) downgraded to Market Perform from Outperform at Wells Fargo... Coach (COH) downgraded to Market Perform from Outperform at Wells Fargo... Iconix Brand (ICON) downgraded to Hold from Buy at Brean Capital... International Rectifier (IRF) downgraded to Market Perform at JMP Securities... Mettler-Toledo (MTD) downgraded to Hold from Buy at Jefferies... TJX (TJX) downgraded to Market Perform from Outperform at Wells Fargo... Tiffany (TIF) downgraded to Market Perform from Outperform at Wells Fargo... North American Palladium (PAL) downgraded to Market Perform at Raymond James... Ducommun (DCO) downgraded to Neutral from Buy at B. Riley... International Rectifier (IRF) downgraded at JMP Securities... Hologic (HOLX) downgraded to Buy from Strong Buy at ISI Group... Ruckus Wireless (RKUS) downgraded to Neutral from Buy at Lazard Capital.
06:16 EDTTIFTiffany downgraded to Market Perform from Outperform at Wells Fargo
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