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News Breaks | | | | November 26, 2012 | | 06:11 EDT |  | NOK, UBS, GSK, SI, FLO | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Switzerland and the U.K. announced punitive measures against UBS (UBS) following the unauthorized trading scandal that led to losses of $2.3B at the bank. Swiss financial market regulator Finma said it will watch UBS's investment bank for the foreseeable future and may ask it to raise fresh capital, while the U.K. Financial Services Authority fined UBS $47.6M, the Wall Street Journal reports...Flowers Foods (FLO) could be interested in Twinkies and other products owned by Hostess Brands, and is considered a likely bidder for some of the assets owned by Hostess, the Wall Street Journal reports...REUTERS: The euro zone finance ministers and the IMF will seek to unfreeze the second bailout package for Greece today, but first need to agree if some of the official loans might eventually be forgiven to cut Greek debt, Reuters reports...GlaxoSmithKline (GSK) has no plans to delist its Indian consumer products arm GlaxoSmithKline Consumer Healthcare, said David Redfern, chief strategy officer, Reuters reports...BLOOMBERG: Home equity lines of credit that fueled a spending spree during the U.S.property boom are back. Following six years of declines, lending for so-called Helocs will increase 30% to $79.6B this year, the highest level since the start of the 2008 financial crisis, according to the economics research unit of Moody’s Corp. It projects a 31% jump to $104B next year, Bloomberg reports...Nokia Siemens Networks (NOK, SI) is targeting the U.S. market where Chinese rivals face political hurdles and rising data use entices carriers to spend. The venture is forgoing less lucrative deals in Africa and the Middle East, said CEO Rajeev Suri, Bloomberg reports. | |
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News For UBS;FLO;GSK;NOK;SI From The Last 14 Days Check below for free stories on UBS;FLO;GSK;NOK;SI the last two weeks. |
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| May 23, 2013 | | 10:17 EDT |  | NOK, SI | Nokia Siemens Networks, Intel sign collaboration MoU
Nokia Siemens Networks (NOK, SI) and Intel (INTC) announced they signed a Memorandum of Understanding to collaborate around the development of Liquid Applications, an approach to accelerate the delivery of media-rich services and content directly from the base station. The intent of the collaboration is to accelerate development of an enhanced mobile broadband experience that gives operators new revenue and differentiation opportunities. Nokia Siemens Networks and Intel will collaborate in the creation of a mobile edge computing ecosystem, focusing on over-the-top content providers, independent software vendors and application service providers. The parties will also explore new business models between mobile operators and other ecosystem players, they said. | | | 06:29 EDT | | UBS | Software firm Luxoft files for IPO in New York, Bloomberg reports
 Subscribe for More Information | | | May 22, 2013 | | 13:04 EDT | | UBS | UBS to face whistle-blower suit brought by strategist, Bloomberg says
Subscribe for More Information | | | 10:42 EDT | | FLO | Flowers Foods announces 3-for-2 stock split, raises annual dividend by 3.5c
Subscribe for More Information | | | 10:00 EDT |  | UBS | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 08:25 EDT | | GSK | GlaxoSmithKline awarded up to $200M by U.S. to develop new antibiotics
Subscribe for More Information | | | 05:43 EDT | | UBS | UBS downgraded to Underperform from Market Perform at Keefe Bruyette
| | | May 21, 2013 | | 15:23 EDT | | UBS | UBS downgraded to Underperform from Market Perform at Keefe Bruyette
Subscribe for More Information | | | 07:44 EDT |  | GSK | Sachs Associates to host a forum
Subscribe for More Information | | | 07:07 EDT |  | GSK | Theravance pullback on Elan bid a buying opportunity, says Piper Jaffray
Subscribe for More Information | | | | May 20, 2013 | | 08:12 EDT | | UBS | UBS names Sylvia Coutinho as CEO of UBS Group Brazil
Subscribe for More Information | | | 07:42 EDT | | UBS | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. | | | 07:32 EDT | | NOK | Society for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24. | | | May 16, 2013 | | 12:32 EDT |  | UBS | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | 09:56 EDT | | FLO | Flowers Foods sees regulatory process for Hostess purchase complete in 2H
Flowers Foods said its proposed acquisition of Hostess assets is currently undergoing regulatory review and the company expects that process will be completed in the second half of the year. Flowers sees completing its roll-out of new Sara Lee business in California in early June and notes, when done, more than 77% of the U.S. population will have access to Flowers fresh baked products. Repeats unable to give full year guidance as of now due to Hostess transaction still being under regulatory review, but CEO George Deese said, "I can tell you that I believe it will be a record year and that it will meet or exceed our long-term objectives." Says forecast for FY13 input costs is still to be up approximately 3%-5% on a volume neutral basis year-over-year. Comments from Q1 earnings conference call. | | | 09:19 EDT | | FLO | On The Fly: Pre-market Movers
Subscribe for More Information | | | 06:34 EDT | | FLO | Flowers Foods sees operating earnings 'strong' in Q2, delays FY13 view
R. Steve Kinsey, executive vice president and CFO, said, "We continue to be very optimistic about the outlook for FY13 and, in Q2, we are continuing to see very good sales growth. Q2 operating earnings also are expected to be strong, although we are experiencing start-up costs related to the integration of the Sara Lee business in California. Given that the Hostess transaction is currently under regulatory review, we are delaying FY13 guidance until the review is completed." | | | 06:32 EDT |  | FLO | Flowers Foods reports Q1 EPS ex-items 46c, consensus 42c
Subscribe for More Information | | | May 15, 2013 | | 15:11 EDT | | FLO | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.15; Kohl's (KSS), consensus 58c; Flowers Foods (FLO), consensus 42c; Brady Corp. (BRC), consensus 60c; Prestige Brands (PBH), consensus 35c. | | | 07:35 EDT | | NOK | JPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 15 at 8 am; not all company presentations may be webcasted. Webcast Link | | |
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