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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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April 24, 2015
08:48 EDTWHRWhirlpool volatility increases into Q1 and outlook
Whirlpool May call option implied volatility is at 30, June is at 25, September is at 24; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 28.
April 21, 2015
17:19 EDTWHRWhirlpool sees $144M in restructuring costs for Italy operations
In a regulatory filing, Whirlpool reports that on April 15, it committed to an industrial plan for Italy to integrate its legacy Italian operations with those of Indesit. These actions are expected to result in the closure of a manufacturing facility in Carinaro and R&D facility in None; the integration of a manufacturing facility in Albacina into a facility in Melano; and certain other headcount reductions in manufacturing facilities in Fabriano, Comunanza and Naples. The company expects that approximately 1,350 full-time positions, most of which were deemed redundant by Indesit prior to the acquisition, will be impacted by these actions. The company expects these actions to be substantially complete in 2018. The company estimates that it will incur up to approximately $101M in employee-related costs, $27M in asset impairment costs, and $16M in other costs in connection with these actions. The company estimates that it will incur a total of approximately $144M in costs as itemized above through 2018 in connection with these actions. The company estimates that approximately $118M of the estimated $144M total cost will result in future cash expenditures. The company has previously reported anticipated restructuring charges of up to $300M for FY15. The actions outlined above are expected to fall within these anticipated charges.
07:15 EDTHONCelestica subcontracted by Honeywell Aerospace
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05:12 EDTWHRWhirlpool raises quarterly dividend to 90c per share from 75c per share
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April 17, 2015
09:48 EDTHONHoneywell drops after results, levels to watch
The stock is down 2.6% at time of writing to $101.17. At that price next support is at $100.30. Resistance is at $102.96. With the 50-day moving average broken, the trend has shifted to down.
09:41 EDTHONHoneywell has yet to see oil prices benefit, not counting on pickup in economy
The company expects to see benefit of oil prices play through in U.S. and other oil importing nations, but it has yet to see this. There was weakness in January the company was unable to recover from, although there was some improvement as the quarter went on. Honeywell said the majority of its businesses exited quarter with momtnum, but it is not counting on a pickup in the global economy. Expects growth rate to increase as the year progresses. Comments taken from Q1 earnings conference call.
08:25 EDTHONHoneywell cuts FY15 Aerospace sales to $15B-$15.3B from $15.4B-$15.7B
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08:20 EDTHONHoneywell remains confident in 2015 outlook, with momentum heading into Q2
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07:04 EDTHONHoneywell reports Q1 Aerospace sales down 6% to $3.61B
Reports Q1 Automation and Control Solutions sales down 3% to $3.26B; Reports Q1 Performance Materials and Technologies down 5% to $2.34B.
07:03 EDTHONHoneywell to plan 'conservatively' due to global economic environment
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07:02 EDTHONHoneywell raises FY15 EPS to $6.00-$6.15 from $5.95-$6.15, consensus $6.09
Cuts FY15 revenue to $39B-$39.6B from $40.5B-$41.1B, consensus $40.52B. Cuts FY15 core organic growth to 3% from 5%. Backs FY15 free cash flow of $4.2B-$4.3B. Raises FY15 operating income margin to 17.4%-17.7% from 16.7%-17%. Raises FY15 segment margin to 18.3%-18.6% from 17.6%-17.9%.
07:01 EDTHONHoneywell reports Q1 EPS $1.41, consensus $1.39
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April 16, 2015
15:23 EDTHONNotable companies reporting before tomorrow's open
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13:06 EDTWHRWhirlpool to invest EUR500M in Italian operations over next four years
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April 15, 2015
13:13 EDTWHRWhirlpool near lows, down 0.9% to $194.11
Whirlpool shares are near their lows after the Association of Home Appliance Manufacturers reported lower than expected data on appliance shipments in March, according to contacts.
08:36 EDTHONHoneywell April volatility elevated into Q1 and outlook
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April 14, 2015
10:12 EDTHONHoneywell management to meet with Oppenheimer
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07:03 EDTHON Honeywell, Inmarsat and Kymeta announce collaboration for Ka-band antenna
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April 13, 2015
09:17 EDTWHRWhirlpool, Electrolux AB estimates lowered at Longbow
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