New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For ARQL;JCP;INFY;BV;AXP;UPIP;WFC;ERIC;BBY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
June 24, 2015
15:53 EDTBBYSunTrust identifies the most likely M&A activity in specialty retail
Subscribe for More Information
11:11 EDTBBYAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Streetís appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
10:38 EDTERICEricsson announces deal with SaskTek to provide M2M connectivity
Subscribe for More Information
10:26 EDTJCPStocks with call strike movement; TWTR JCP
Twitter (TWTR) December 40 call option implied volatility increased 1% to 44, J.C. Penney (JCP) November 20 call option implied volatility decreased 5% to 42 according to IVolatility.
07:27 EDTBBYBest Buy recommended ahead of 2H margin gains at B. Riley
Subscribe for More Information
05:31 EDTERICEricsson provides update on cost and efficiency program
The global cost and efficiency program, announced at Ericsson's Capital Markets Day on November 13, 2014, is progressing according to plan. The ambition is to achieve savings of approximately SEK 9B., with full effect during 2017. As part of the global program, on March 11, 2015, Ericsson announced that 2,200 positions in Sweden, mainly in R&D and Supply, were subject to notice. As the next step of this activity, individuals on different locations in Sweden have been given notice during June. In total, there will be a reduction of approximately 2,100 positions, with some 1,700 employees leaving the company.For Q2, restructuring costs of approximately SEK 2.5B are expected. These estimated costs include normal ongoing restructuring as well as charges related to the cost and efficiency program, this quarter primarily driven by changes in Sweden. Savings related to this specific activity will start to impact results towards the end of 2015.
June 23, 2015
13:02 EDTWFCSumitomo, others show interest in GE railway-leasing business, WSJ says
Japan's Sumitomo Mitsui Financial Group is interested in buying General Electric's (GE) railway-leasing business, says the Wall Street Journal, citing sources. Wells Fargo (WFC) and other U.S. financial institutions have also shown interest in GE Capital Rail Services, which may be worth around $4B, added the Wall Street Journal, citing people familiar with the matter. Reference Link
June 22, 2015
08:31 EDTAXPGlobal Payments to roll out OptBlue program for AmEx card acceptance in Canada
Subscribe for More Information
June 19, 2015
06:42 EDTAXPAmEx to stop restricting merchants from favoring rivals, WSJ reports
Subscribe for More Information
June 18, 2015
15:46 EDTWFCWells Fargo names Hope Hardison as Chief Administrative Officer
Subscribe for More Information
07:42 EDTBVBazaarvoice management to meet with Deutsche Bank
Subscribe for More Information
June 17, 2015
15:04 EDTWFCGE Capital Real Estate closes nearly $10B in deals towards exit
Subscribe for More Information
11:48 EDTBVBazaarvoice management to meet with Needham
Subscribe for More Information
11:16 EDTWFCOCC restricts some banks from certain mortgage related business activity
Subscribe for More Information
11:07 EDTWFCWells Fargo issues statement on amended OCC Consent Order
Subscribe for More Information
09:29 EDTAXPAmerican Express denied bid to block U.S. injunction, Reuters reports
Subscribe for More Information
06:48 EDTWFCMore big banks waiving overdraft fees, WSJ reports
Subscribe for More Information
05:37 EDTERICEricsson selected by Smile Communications for 4G/LTE managed services
Subscribe for More Information
June 16, 2015
19:47 EDTBBYXbox chief says digital game sales 'really strong,' WSJ reports
Subscribe for More Information
07:11 EDTWFCSurprise AIG ruling may make future bailouts unlikely, even if needed, NYT says
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use