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Stock Market & Financial Investment News

News Breaks
April 30, 2014
09:08 EDTVRNG, TYCVringo, Tyco units agree to settlement of lawsuit
Vringo (VRNG) disclosed in a regulatory filing that its wholly-owned subsidiary Vringo Infrastructure entered into a confidential agreement with Tyco Integrated Security (TYC) to resolve litigation on mutually acceptable terms that was pending between the parties in the United States District Court for the Southern District of Florida and the Regional Court of Mannheim, Germany.
News For VRNG;TYC From The Last 14 Days
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March 25, 2015
09:34 EDTTYCTyco has reached attractive entry point, says Bernstein
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March 23, 2015
10:00 EDTTYCOn The Fly: Analyst Upgrade Summary
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09:07 EDTVRNGVringo announces favorable ruling in Brazil
Vringo announced it has received a favorable ruling in Brazil. On Thursday, March 19, the Court denied ZTE's fifth attempt to lift an injunction that has been in place since April 15. The Court rejected ZTE's renewed offer to post a bond in exchange for the lifting of the injunction, holding that such an offer was previously rejected on appeal and stating that ZTE was improperly attempting to revisit the merits of an injunction that had already been confirmed on appeal. Through the Court's injunction ZTE is prohibited from manufacturing, using, offering for sale, selling, installing, testing, or importing any 3G, 4G, and LTE infrastructure equipment in Brazil. The Federal and State Courts of Rio De Janeiro have already denied ZTE's appeal of this injunction.
06:03 EDTTYCU.S. Multi-Industry sector downgraded to Neutral at Barclays
Barclays downgraded the U.S. Multi-Industry space to Neutral from Overweight saying rising headwinds could limit share upside to mid-single-digit levels in 2015, with only slight improvement in 2016. The firm believes the credit cycle is peaking and views the U.S. Dollar strength along with lower oil prices as headwinds. Concurrent with sector rating change, Barclays downgraded Dover (DOV), Grainger (GWW), Xylem (XYL) and WESCO (WCC) to Equal Weight from Overweight. It also upgraded Tyco (TYC) to Overweight from Equal Weight and Lennox (LII) to Equal Weight from Underweight, calling both defensive names in the space. The firm is also "comfortable" owning General Electric (GE), Honeywell (HON), Sensata (ST) and HD Supply (HDS) at current levels. It prefers waiting for pullbacks to buy shares of 3M (MMM).
05:49 EDTTYCTyco upgraded to Overweight from Equal Weight at Barclays
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