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Stock Market & Financial Investment News

News Breaks
April 10, 2013
06:52 EDTK, AN, FITB, NDAQ, BK, TYC, WIN, LMT, MS, CAGFirm lists likely takeover targets, NY Times reports
Windstream (WIN), Fifth Third Bancorp (FITB), ConAgra Foods (CAG), and Tyco International (TYC) are among the companies most likely to become takeover targets, according to The New York Times, citing a report released today by research firm Rotary Gallop. Any activist shareholder that obtains a stake of 14% in those companies would have a good chance of acquiring them, the new3spaper quoted the firm as saying. Among the companies in a good position to be taken over by existing shareholders are AutoNation (AN), Morgan Stanley (MS), BlackRock (BK), Kellogg (K), Lockheed Martin (LMT), and Nasdaq (NDAQ), the firm added. Reference Link
News For WIN;FITB;CAG;TYC;AN;MS;BK;K;LMT;NDAQ From The Last 14 Days
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July 20, 2015
09:22 EDTMSOn The Fly: Pre-market Movers
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08:47 EDTMSMorgan Stanley CFO: Retail investor activity yet to increase from subdued levels
Morgan Stanley CFO Jonathan Pruzan said the firm's view on Wealth Management remains positive as the recovery plays out in the U.S., with growth expected to come from its bank strategy and fee-based program. "We continue to see softness in transactional revenues, which were down 8% compared to last quarter as retail investor activity has yet to increase from subdued levels," Pruzan added.
08:43 EDTMSMorgan Stanley CEO says firm should benefit from being overweight U.S.
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07:46 EDTLMTLockheed Martin reports Q2 Aeronautics revenue $4.13B
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07:43 EDTLMTLockheed Martin raises FY15 EPS to $11.00-$11.30 from $10.85-$11.15
FY15 EPS consensus $11.23. Backs FY15 revenue $43.5B-$45B, consensus $44.55B. Backs FY15 orders $43.5B-$45B. Raises FY15 consolidated operating profit $5.43B-$5.58B from $5.35B-$5.5B. Backs FY15 cash from operations of at least $5B.
07:43 EDTLMTLockheed Martin to acquire Sikorsky Aircraft business for $9B
United Technologies (UTX) announced that it has reached an agreement to sell its Sikorsky Aircraft business to Lockheed Martin (LMT) for $9B in cash. The transaction, which is subject to regulatory approvals and customary closing conditions and adjustments, is projected to close by year-end or in the Q1 of FY16. Proceeds from the sale are expected to be used to fund additional share repurchase to offset the earnings impact related to the sale. The company will discuss this transaction at its previously scheduled conference call with investors. In addition, UTC's Board of Directors has authorized a share repurchase program for up to 75M shares of the company's common stock, which would be worth approximately $8.3B based on the NYSE closing price of UTC shares on July 17. The new authorization replaces a previous program, approved in February 2013, which was nearing completion. The precise timing and amount of repurchases will be determined based on the company's evaluation of market conditions and other factors, and the program may be suspended or discontinued at any time.
07:40 EDTLMTLockheed Martin to conduct strategic review of govt IT infrastructure business
On July 20, 2015, Lockheed Martin also announced that it will conduct a strategic review of the government IT infrastructure services business within its IS&GS business segment and the technical services business within its MFC business segment. The programs to be reviewed represent approximately $6B in estimated 2015 annual sales and approximately 17,000 employees. The Lockheed Martin expects the strategic review will result in a spin-off to its shareholders or sale of these businesses. The IS&GS programs that are not included in the strategic review are mostly focused on defense and intelligence customers and will be realigned into the Lockheed Martin's other business segments following completion of the review. The Corporation expects to complete the strategic review in 2015. While the Lockheed Martin performs its strategic review, it will maintain the current operating and reporting structure and will continue to report the financial results of the government IT infrastructure services and technical services businesses in its continuing operations.
07:39 EDTLMTLockheed Martin reports Q2 cash from operations was $1.3B
07:36 EDTLMTLockheed Martin reports Q2 EPS $2.94, consensus $2.67
Reports Q2 revenue $11.64B, consensus $10.99B.
07:10 EDTMSMorgan Stanley rises 3.8% to $41.75 in pre-market after Q2 earnings beat
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07:05 EDTMSMorgan Stanley reports tangible book value per common share $29.54
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07:04 EDTMSMorgan Stanley reports Q2 Wealth Management net revenues $3.9B
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07:01 EDTMSMorgan Stanley reports Q2 EPS ex DVA 79c, consensus 74c
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July 19, 2015
20:33 EDTLMTMedia reports say Lockheed to buy UTX's Sikorsky
According to media reports, Lockheed Martin (LMT) has agreed to purchase United Technologies' (UTX) Sikorsky unit. The news comes after several months of speculation surrounding Sikorsky, and an announcement could be made just a day prior to second quarter earnings for both United and Lockheed. WHAT'S NEW: Reuters reported on Sunday that Lockheed Martin has agreed to buy Sikorsky Aircraft from United Technologies for over $8B, according to two sources, adding that the deal is set to be formally announced on Monday. The news was later echoed by Bloomberg, citing a person familiar with the talks. WHAT'S NOTABLE: United Technologies first reported that it was exploring strategic options for its Sikorsky unit on March 11. At the time, the company noted that options included a spinoff or a stand-alone public company, saying that the split could allow United "to better focus on providing high-technology systems and services to the aerospace and building industries." Following the announcement, UBS remarked that it was "not surprised" and reiterated a $136 price target on United shares. On May 20, the Wall Street Journal quoted sources as saying Boeing (BA), Airbus (EADSY) and Lockheed submitted bids for the helicopter maker, with a speculated deal thought to reach the $10B area. A June 9 report from Reuters added Textron (TXT) to the list of bidders. Today's news -- though unconfirmed by either United or Lockheed -- comes ahead of second quarter earnings reports for both companies scheduled for Tuesday, July 21. PRICE ACTION: Shares of Lockheed Martin declined 0.22% to $201.18 at the close of trading on July 17, while those of United Technologies fell 0.45% to $110.76.
19:12 EDTMSFederal Reserve proposes changes to 'stress test' regulations
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15:31 EDTLMTLockheed Martin to buy Sikorsky for over $8B, Reuters says
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July 17, 2015
17:26 EDTLMTBAE Systems, others awarded $6B government contract
American Systems, Chantilly, Virginia; BAE Systems (BAESY), McLean, Virginia; Blue Canopy, Reston, Virginia; The Boeing Co. (BA), Annapolis Junction, Maryland; Booz Allen Hamilton, McLean, Virginia; CACI (CACI), Chantilly, Virginia; CGI Federal, Fairfax, Virginia; Computer Sciences Corp. (CSC), Falls Church, Virginia; D&S Consultants Inc., Eatontown, New Jersey; EIS, Vienna, Virginia; General Dynamics Information Technology (GD), Herndon, Virginia; HP Enterprise Services, Herndon, Virginia; IBM (IBM), Reston, Virginia; Intelligent Decisions, Ashburn, Virginia; K Force Government Solutions, Fairfax, Virginia; L3 National Security Solutions, Reston, Virginia; Leidos (LDOS), Reston, Virginia; Lockheed Martin Corp. (LMT) Gaithersburg, Maryland; ManTech/WINS, Fairfax, Virginia; Northrop Grumman (NOC), Chantilly, Virginia; Pragmatics, Reston, Virginia; Raytheon IIS Group (RTN), Dulles, Virginia; Scientific Research Corp., Atlanta, Georgia; Sotera, Herndon, Virginia; SRA International, Fairfax, Virginia; 22nd Century Technologies, McLean, Virginia; AEEC LLC, Reston, Virginia; American Technology Solutions International, Fredericksburg, Virginia; Berico Technologies, Reston, Virginia; The Buffalo Group, Reston, Virginia; Convergent Solutions Inc., Alexandria, Virginia; Criterion Systems Inc., Vienna, Virginia; Cyberspace Solutions, Reston, Virginia; DAn Solutions Inc., McLean, Virginia; DKW Communications, Washington, District of Columbia; E-Volve Technology Systems, National Harbor, Maryland; Federated IT, Washington, District of Columbia; Intrepid Solutions & Services Inc., Reston, Virginia; The Kenjya Group, Columbia, Maryland; New River Systems, Sterling, Virginia; OCCAM Solutions, McLean, Virginia; QVine Corp., Reston, Virginia; Red Arch Solutions, Columbia, Maryland; Riite, Chantilly, Virginia; Soft Tech Consulting, Chantilly, Virginia; Trusted Mission Solutions, McLean, Virginia; Varen Technologies, Columbia, Maryland; Vykin Corp., Tampa, Florida; Xcelerate Solutions, McLean, Virginia; and Zolon Tech Inc., Herndon, Virginia, were awarded an indefinite-delivery/indefinite-quantity, multiple-award contract with a combined ceiling value of $6B. The Enhanced Solutions for the Information Technology Enterprise contract supports information technology requirements across the Defense intelligence enterprise and the greater intelligence community. Work will be performed worldwide with an estimated completion date of July 16, 2020. The E-SITE contract vehicle was solicited on the basis of full and open competition, and 77 proposals were received. After conducting a thorough evaluation based on the request for proposal criteria, contracts are being awarded to 25 large businesses and 25 small businesses. Each company will be awarded a $500 minimum guarantee and additional funding will be obligated on individual task orders with the initial follow-on task order competitions scheduled this summer. The Virginia Contracting Activity, Washington, District of Columbia, is the contracting activity.
15:20 EDTMSMorgan Stanley July weekly 40 straddle priced for 3.1% movement into Q2
14:00 EDTMSEarnings Watch: Morgan Stanley rounds out quarterly results for financial firms
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13:34 EDTMSMorgan Stanley technical comments ahead of results
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