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Stock Market & Financial Investment News

News Breaks
May 19, 2014
10:19 EDTTIVO, GFI, CRK, ADTN, EMNHigh option volume stocks: TIVO GFI CRK ADTN EMN
News For TIVO;GFI;CRK;ADTN;EMN From The Last 14 Days
Check below for free stories on TIVO;GFI;CRK;ADTN;EMN the last two weeks.
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September 18, 2014
07:32 EDTTIVOMKM Partners to hold a conference
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September 17, 2014
07:35 EDTCRKImperial Capital to hold a conference
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September 15, 2014
16:04 EDTTIVOTiVo files $200M in convertible senior notes to fund buybacks
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September 12, 2014
06:08 EDTEMNEastman Chemical guidance concerns unwarranted, says Deutsche Bank
Deutsche Bank says shares of Eastman Chemical (EMN) yesterday fell 1% despite the accretive acquisition of Taminco (TAM) due in part to concerns the company's guidance implied no free cash flow growth in 2015. Deutsche views the concerns as unwarranted and says the stock's valuation is compelling at current levels. The firm thinks the acquisition of Taminco is financially attractive and keeps a Buy rating on Eastman with a $100 price target.
05:30 EDTTIVOTiVo launches full EU sales, support organization
TiVo announced it expanded its existing European footprint to now include sales, marketing and account management staff in offices in Austria, England, the Netherlands, Poland and Spain specifically dedicated to personalized video discovery solutions. This expansion builds on the continued success of TiVo delivering advanced TV services with European cable operator partners including ComHem in Sweden, Ono in Spain, and Virgin in the UK. Following TiVo's acquisition in February of Digitalsmiths, the company delivers a unified, personalized experience instantly connecting consumers with the most relevant video content available, at any time, on any screen.
September 11, 2014
17:27 EDTTIVOBroadcom powers new TiVo Ultra HD set-top box solution
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12:16 EDTEMNOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory and have remained there throughout the morning. Initial jobless claims, reported prior to the open, did little to stoke buying after coming in higher than expected. The market has drifted off its lows of the session but the averages once again remain range bound. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 11K to 315K in the week ended September 6, versus expectations for them to tick down slightly to 300K. The Federal budget for August is scheduled to be reported at 2:00 pm ET, with a deficit of $130.0B forecast. COMPANY NEWS: Shares of yoga-inspired apparel maker lululemon (LULU) rose over 15% after the company reported better than expected second quarter results and increased its fiscal year guidance. Meanwhile, shares of another well-known retailer, RadioShack (RSH), advanced 16% after its own quarterly report, despite acknowledging it will need additional capital to complete its turnaround and that it may need to pursue a bankruptcy filing. MAJOR MOVERS: Among the notable gainers was JDSU (JDSU), which advanced 11% after announcing last night that it plans to separate into two publicly traded companies, namely an optical components and commercial lasers one and another focused on network and service enablement. This morning the stock was upgraded at RBC Capital to Outperform, as the firm believes that the split should enable the entities to streamline their costs and that the shares could reach a $40 value over the long-term. Also higher was Taminco (TAM), which rose nearly 11% and traded above the $26.00 per share price it agreed to in striking a deal to be acquired by Eastman Chemical (EMN). Of note, the deal includes a "go shop" provision under which Taminco may solicit alternative acquisition proposals for a thirty day period. Following the announcement, Eastman shares rose a bit over 1%. Among the noteworthy losers was E2open (EOPN), which plunged 30% and was downgraded at Pacific Crest and Northland after the company pre-announced Q2 results and issued weaker than expected 2015 revenue guidance. Also lower were shares of China's 21Vianet (VNET), which fell 17% after the company hosted a conference call to discuss the recent allegations made by a short seller. INDEXES: Near midday, the Dow was down 40.49, or 0.24%, to 17,028.22, the Nasdaq was down 12.73, or 0.28%, to 4,573.80, and the S&P 500 was down 3.66, or 0.18%, to 1,992.03.
10:49 EDTTIVOHigh option volume stocks
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10:48 EDTEMNTaminco up 11%, Eastman up 1% after announcing deal
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10:44 EDTEMNEastman Chemical to host conference call
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10:35 EDTEMNEastman Chemical says Taminco deal includes 'go-shop' provision
Eastman Chemical said its Taminco acquisition was approved by the Boards of Directors of both companies and is subject to certain conditions, including a thirty day "go shop" period in which Taminco may solicit alternative acquisition proposals, required regulatory approvals and other customary closing conditions. The majority stockholder of Taminco has agreed, subject to certain conditions, including the Taminco Board's continuing recommendation of the transaction, to vote its shares of Taminco's common stock in favor of the acquisition. As a result, no further stockholder approvals will be required to complete the acquisition. The transaction is expected to close by year-end 2014.
10:34 EDTEMNEastman Chemical to acquire Taminco for $26.00 per share cash
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10:32 EDTEMNEastman Chemical to acquire Taminco in $2.8B deal
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10:32 EDTEMNTaminco announces agreement to be acquired by Eastman Chemical
Taminco (TAM) announced a definitive agreement to be acquired by Eastman Chemical (EMN) for $26.00 per share, for a total transaction value of approximately $2.8B in cash. The transaction was approved by the Board of Directors of Taminco and the Board of Directors of Eastman. The merger agreement includes a 30-day "go-shop" period, during which Taminco, with the assistance of Morgan Stanley, its financial advisor, will actively solicit, receive, evaluate and potentially enter into negotiations with parties that offer alternative proposals. For a 15-day period following the termination of the go-shop period, Taminco will be permitted to continue discussions and enter into or recommend a transaction with any person that submitted a qualifying superior proposal during the 30-day period. There are no guarantees that this process will result in a superior proposal. The transaction is expected to close in Q4, subject to receipt of written approval by a majority of Taminco's shareholders, the receipt of regulatory approvals, the satisfaction of other customary closing conditions and assuming that the go-shop process does not result in an alternative superior proposal.
10:30 EDTEMNTaminco announces agreement to be acquired by Eastman Chemical
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10:04 EDTEMNEastman Chemical trading halted, pending news
September 8, 2014
10:06 EDTGFIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AIG (AIG) initiated with a Buy at Citigroup... Agilent (A) initiated with an Equal Weight at Morgan Stanley... Altisource Residential (RESI) initiated with a Neutral at JPMorgan... AngloGold (AU) initiated with an Overweight at JPMorgan... Arista Networks (ANET) initiated with an Outperform at FBN Securities... C1 Financial (BNK) initiated with a Buy at Wunderlich... Cherokee (CHKE) initiated with a Buy at Roth Capital... ContraFect (CFRXU) initiated with a Buy at Maxim... DRDGOLD (DRD) initiated with an Underweight at JPMorgan... Enable Midstream (ENBL) initiated with an Equal Weight at Morgan Stanley... Enservco (ENSV) initiated with an Outperform at Northland... GoPro (GPRO) initiated with an Outperform at FBN Securities... Gold Fields (GFI) initiated with an Overweight at JPMorgan... Gulfport Energy (GPOR) initiated with an Equal Weight at Morgan Stanley... Harmony Gold (HMY) initiated with a Neutral at JPMorgan... Illumina (ILMN) initiated with an Equal Weight at Morgan Stanley... LINN Energy (LINE) reinstated with an Outperform at Credit Suisse... LinnCo (LNCO) reinstated with an Outperform at Credit Suisse... Randgold (GOLD) initiated with a Neutral at JPMorgan... Rentrak (RENT) initiated with a Buy at Needham... Rice Energy (RICE) initiated with an Accumulate at KLR Group... SanDisk (SNDK) initiated with an Outperform at FBN Securities... Seadrill (SDRL) initiated with a Sell at Canaccord... Tesla (TSLA) initiated with an Outperform at FBN Securities... Thermo Fisher (TMO) initiated with an Overweight at Morgan Stanley... Waters (WAT) initiated with an Underweight at Morgan Stanley... Whiting Petroleum (WLL) initiated with an Equal Weight at Morgan Stanley.
06:57 EDTGFIGold Fields initiated with an Overweight at JPMorgan
Target $5.97.

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