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Stock Market & Financial Investment News

News Breaks
January 22, 2014
12:01 EDTHON, WHRWhrilpool partners with Honeywell for Solstice LBA
Whirlpool Corporation (WHR) announced it has implemented the use of Honeywell's (HON) Solstice Liquid Blowing Agent into its environmentally responsible and energy efficient insulation used in U.S.-made refrigerators and freezers.
News For WHR;HON From The Last 14 Days
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August 3, 2015
09:52 EDTHONJPMorgan analysts hold an analyst/industry conference call
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08:25 EDTHONMobileye, Delphi named Volkswagen supplier partners for ADAS
On Friday, Volkswagen Group (VLKAY) announced it has nominated the first 44 suppliers who will be collaborating with the Group on a new common strategic level under the joint "Future Automotive Supply Tracks," or "FAST," initiative. "These suppliers were chosen for their outstanding performance in their respective field of competence based on a systematic selection process," Volkswagen stated. Mobileye (MBLY) and Delphi (DLPH) were each named as partners for ADAS, or advanced driver assistance systems. Other supplier partners named by the German automaker included NVIDIA (NVDA), Vodafone (VOD), IBM (IBM), Avis Budget (CAR), Corning (GLW), Honeywell (HON), BP (BP) and Exxon Mobil (XOM).
July 31, 2015
07:40 EDTHONHoneywell acquisition positive, says Bernstein
After Honeywell bought smart meter maker Elster for about $5.1B, Bernstein says that the business should be an attractive growth driver for Honeywell. The firm estimates that accretion from the deal will rise to 30c-40c per share over five years and generate double digit ROIC for Honeywell. Bernstein keeps a $124 price target and Outperform rating on Honeywell.
July 29, 2015
13:11 EDTWHRWhirlpool recalls Jenn-Air ovens due to risk of burns
Whirlpool is recalling its Jenn-Air brand ovens -- about 33,000 in the U.S. and 8,000 in Canada -- after customers reported burns due to faulty oven racks. The U.S. Consumer Product Safety Commission says the extendable rack inside the oven can unexpectedly disengage when fully extended, posing a risk of burns to consumers. Whirlpool Corporation has received eight reports of incidents, including one report of second degree burn injuries to the arm and back.
09:05 EDTHONHoneywell selected by SunExpress to maximize safety, efficiency of Boeing fleet
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July 28, 2015
06:13 EDTHONHoneywell to host conference call
Conference call to discuss acquisition of Elster will be held on July 28 at 9 am. Webcast Link
05:31 EDTHONHoneywell to acquire Elster Division of Melrose Industries for about $5.1B
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05:29 EDTHONHoneywell to acquire Elster Division of Melrose Industries for about $5.1B
July 23, 2015
09:12 EDTHONIntelligent Highway Solutions completes purchase order from Honeywell
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July 22, 2015
12:32 EDTWHROn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as slides in a number of big name tech stocks following their earnings reports dominated the news flow and largely dictated the market's direction. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: The tech sector has been weak, headlined of course by a 5% pullback in shares of Apple (AAPL) after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. Adding to the negative tone in tech stocks, and contributing further to the decline in the Nasdaq, was the 3% drop seen in Microsoft (MSFT) shares after its quarterly report as well as Yahoo's (YHOO) 1% decline after its revenue outlook missed the consensus forecast... Shares of Boeing (BA) and Coca-Cola (KO) fared better than Dow peer Apple after each reported better than expected sales and profits, though neither stock was moving far from where they closed yesterday's trading. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose 10% after the company agreed to be acquired by St. Jude Medical (STJ) for $3.4 billion in cash, or $63.50 per share. St. Jude shares advanced fractionally after the deal, which had been foreshadowed by media reports yesterday, was announced. Also higher following their earnings reports were Intuitive Surgical (ISRG), which gained 10%, Chipotle Mexican Grill (CMG), which advanced 8% and Whirlpool (WHR), which was up 6%. Among the noteworthy losers were a number of suppliers to Apple that declined in tandem with the tech giant after it reported a sequential drop in iPhone sales. Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report. Also sharply lower was antibody-based therapeutics maker XOMA (XOMA), which plunged more than 73% and was downgraded to Neutral at Piper Jaffray after a Phase III trial of its gevokizumab drug in patients with Behcet's disease uveitis did not meet its primary endpoint. INDEXES: Near midday, the Dow was down 82.22, or 0.46%, to 17,837.07, the Nasdaq was down 42.68, or 0.82%, to 5,165.44, and the S&P 500 was down 6.93, or 0.33%, to 2,112.28.
10:19 EDTWHRWhirlpool sees 2H EPS accelerating, sees 2H ongoing EPS $7.16-$8.16
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06:10 EDTWHRWhirlpool backs FY15 ongoing business EPS of $12.00-$13.00, consensus $12.28
For the FY15, Whirlpool continues to expect to generate free cash flow of approximately $700M. Included in this guidance are restructuring cash outlays of up to $250M, capital spending of approximately $750M-$800M and U.S. pension contributions of approximately $72M.
06:08 EDTWHRWhirlpool reports Q2 ongoing business EPS $2.70, consensus $2.62
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