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Stock Market & Financial Investment News

News Breaks
July 17, 2014
07:38 EDTUTX, IBMPratt & Whitney announce partnership with IBM
Pratt & Whitney, a United Technologies (UTX) company, is teaming with IBM (IBM) in hopes of enhancing the engine fleet management and health solutions Pratt & Whitney offers to customers. Pratt & Whitney, with IBM's help, will broaden its current performance monitoring capabilities of more than 4,000 operational commercial engines.
News For UTX;IBM From The Last 14 Days
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October 20, 2014
07:16 EDTIBMIBM no longer expects 'at least' $20 operating EPS in 2015
FY15 EPS consensus $19.75. Says will provide view of 2015 in January. Comment from slides for Q3 earnings call.
07:08 EDTIBMIBM sees deal with Globalfoundries closing in 2015
07:08 EDTIBMIBM expects to request additional share repurchase authorization at Oct. meeting
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07:07 EDTIBMIBM reports Q3 Global Services segment revenue down 3% to $13.7B
Revenues from the Software segment were $5.7B. Revenues from continuing operations from the Systems and Technology segment totaled $2.4B. The company’s total gross profit margin from continuing operations was 48.6 percent in the 2014 third-quarter period compared with 49.0 percent in the 2013 third-quarter period. Total operating gross profit margin from continuing operations was 49.2 percent in the 2014 third-quarter compared with 50.1 percent in the 2013 third-quarter period.
07:06 EDTIBMIBM committed to returning value to shareholders through dividends, repurchases
07:05 EDTIBMIBM reports Q3 EPS $3.68, consensus $4.32
Reports Q3 revenue $22.4B, consensus $23.37B. We are disappointed in our performance. We saw a marked slowdown in September in client buying behavior, and our results also point to the unprecedented pace of change in our industry. While we did not produce the results we expected to achieve, we again performed well in our strategic growth areas – cloud, data and analytics, security, social and mobile - where we continue to shift our business. We will accelerate this transformation,” said Ginni Rometty, IBM chairman, president and CEO.
06:06 EDTIBMIBM sees $4.7B pre-tax charge for Q3 results
IBM will reflect a pre-tax charge of $4.7B in its financial results for Q3, which includes an asset impairment, estimated costs to sell the IBM microelectronics business, and cash consideration to GLOBALFOUNDRIES. Cash consideration of $1.5B is expected to be paid to GLOBALFOUNDRIES by IBM over the next three years. The cash consideration will be adjusted by the amount of working capital which is estimated to be $200M.
06:04 EDTIBMGLOBALFOUNDRIES to acquire IBM microelectronics business
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06:02 EDTIBMGLOBALFOUNDRIES to acquire IBM microelectronics business
October 19, 2014
19:59 EDTIBMIBM to pay Globalfoundries $1.5B to take chip unit, Bloomberg reports
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17:42 EDTIBMIBM to make 'major business announcement'
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12:58 EDTUTXUnited Technologies worth a second look, Barron's says
United Technologies stock valuation and dividend yield are starting to look attractive at current levels and if the market rebounds, then the stock should outperform, Barron's contends in its 'The Trader' column. Reference Link
October 17, 2014
10:00 EDTIBMOn The Fly: Analyst Initiation Summary
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07:33 EDTIBMIBM reinstated with a Neutral at BofA/Merrill
Target $200.
October 16, 2014
09:21 EDTIBMIBM volatility elevated into Q3 results
IBM October weekly call option implied volatility is at 35, November is at 27, January is at 22; compared to its 26-week average of 19 into the expected release of Q3 results on October 20.
October 14, 2014
17:14 EDTUTXUnited Technologies awarded $591.92M government contract modification
United Technologies, Pratt & Whitney Military Engine, is being awarded a $591.92M modification to the previously awarded fixed-price-incentive-firm target Low Rate Initial Production Lot VII F135 propulsion systems contract. This modification provides for the procurement of 19 F135-PW-100 Conventional Take Off and Landing propulsion systems for the U.S. Air Force; six F135-PW-600 Short Take-off and Vertical Landing propulsion systems for the U.S. Marine Corps; and four F135-PW-100 propulsion systems for the U.S. Navy. In addition, this modification provides for five F135-PW-100 propulsion systems, one F135-PW-100 spare propulsion system and one F135-PW-600 propulsion system for international partners, including program administrative labor, engineering assistance to production, initial spare modules and long-lead hardware. Work is expected to be completed in September 2016.
15:24 EDTIBMIBM, SAP partner to accelerate Enterprise Cloud adoption
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October 13, 2014
10:17 EDTUTXEbola related weakness in aerospace stocks seen as buying opportunity
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09:10 EDTUTXHoneywell and United Technologies complete second helicopter engine test
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07:26 EDTUTXCommercial aerospace stocks should be bought on any weakness, says Wells Fargo
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