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Stock Market & Financial Investment News

News Breaks
January 1, 2013
14:36 EDTTXTTextron:4.5% convertible senior notes due '13 convertible at holders discretion
Textron announced today that its 4.5% Convertible Senior Notes due 2013 will be convertible at the option of the holders through March 31, 2013. The Notes will be convertible because Textronís common stock price exceeded the conversion threshold price of $17.06 per share (130 percent of the applicable conversion price of $13.125 per share) for at least 20 trading days during the 30 consecutive trading days ending December 31. As a result, during the first calendar quarter, holders of the Notes may elect to convert some or all of their Notes. Pursuant to the terms of the Indenture, the Notes will remain convertible through April 29, 2013, the second trading day preceding their May 1, 2013 maturity date. The Company may deliver shares of common stock, cash or a combination of cash and shares of common stock in satisfaction of its obligations upon conversion of the Notes.
News For TXT From The Last 14 Days
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July 28, 2014
11:10 EDTTXTTextron files automatic mixed securities shelf
July 16, 2014
12:26 EDTTXTOn The Fly: Midday Wrap
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09:23 EDTTXTOn The Fly: Pre-market Movers
HIGHER: Time Warner (TWX), up 15% after company confirmed that it rejected an $80B takeover offer from 21st Century Fox (FOX, FOXA), as had been reported earlier this morning... Apple (AAPL), up 2% after announcing an enterprise mobile partnership with IBM (IBM), which is also up 2%... International Game (IGT), up 9.5% after agreeing to be acquired by GTECH for $4.7B in cash and stock... FireEye (FEYE), up 5% after shares upgraded at Goldman... Precision Drilling (PDS), up 4% after announcing strategic agreement with Schlumberger (SLB), upgraded at Deutsche Bank... Mellanox (MLNX), up 4.7% following upgrade at Jefferies. UP AFTER EARNINGS: Intel (INTC), up 5.4%... HCA Holdings (HCA), up 6%... Textron (TXT), up 3.2%... Abbott (ABT), up 1%. DOWN AFTER EARNINGS: PNC Financial (PNC), down 2.5%... MGIC Investment (MTG), down 3.6%. LOWER: Yahoo (YHOO), down 3% after downgraded at CRT Capital following second quarter earnings report... Ares Capital (ARCC), down 2.5% after filing to sell 11.85M shares of common stock... Nationstar (NSM), down 2.4% after downgraded at Wells Fargo... Walter Investment (WAC), which was also downgraded at Wells Fargo, down 1.6%.
06:04 EDTTXTTextron reports Q2 Textron Aviation revenue $1.18B; Q2 Bell revenue $1.12B
Reports Q2 Textron Systems revenue $282M; Reports Q2 Industrial revenue $894M; Reports Q2 Finance revenue $27M
06:02 EDTTXTTextron backs FY14 EPS $1.92-$2.12, consensus $2.06
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06:02 EDTTXTTextron: Beechcraft contributed $425M to increase in Q2 revenue
06:01 EDTTXTTextron reports Q2 EPS 51c, consensus 46c
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